Forex Peace Army Members Forums>

[AsstModerator]

The Forex Peace Army is widely known for free signals for news trading. A lot of people don't know that our members also have some very interesting technical trading strategies.


Mystikal has been showing us his Chart Pattern Projection System since last November. He describes it as

Basically a proprietary strategy that involves projecting prices from trading patterns, which is quite effective during breakout periods in the markets. It tells us to a very good extent, to which direction price is going and how far it might go.

Read all about Mystikal's system here.
Forex Chart Pattern Recognition technique on the Breakout System


About 2 weeks again, Williama showed up in the Forex Peace Army forums with his Universal Trading System that uses a method he claims "traps price" to guarantee profits. He describes it this way.

It has a set of pending orders above and below the current price when you set it up initially in a way that the initial price is sandwiched in the middle within a price range. The calculations are made in such a way that when the market triggers some pending orders and reaches a target at the top or at the bottom of the range, profit is ALWAYS made.

Read all about Williama's system here.
Williama's Trading System


Last week, Genghis caught the FPA's attention by posting a very risky and very profitable strategy that took a $50K demo account to about $1.5 million in 45 days. Can this be real? Would it work on a live account?

Read about Genghis's system here.
From 50K to $1.5M in 45 days - Here's the proof!

One the same day that Genghis showed up, Felix surprised us all by basing his June investment pick on technical indicators, specifically trading a strong currency against a weak currency. The FPA had been planning a currency strength calculator for some time, but Felix didn't tell us that he planned to use it. On Thursday, the Currency Strength Calculator was made available to our members and guests. Now we've got a discussion thread about how best to use it here.
Currency Strength Calculator Strategy Discussions


Just a reminder. The FPA has not rigorously tested any of these systems, even Felix's new one. If you want to try out one of these systems live, please trade with very small amounts of money until you have a good idea of how the system works. If you need more details on Risk Management, Pharaoh wrote a very long, but very good article about this subject here.
How to Manage Risk while Forex Trading

.

[les_paul2000]

You guys are great. Thanks very much for all your input. Much appreciated. Keep up the good work.

[RICHARD DELAGE]

To Administrator
How Do We Get To View And Try The Williama System In Order To Vote. Do We Down Load It, Or What Is The Procedure?
R. Delage

[Shane of Oz]

Hi Kids,

Lot of votes....but no-one comments.
I thought I would share the reasons for my vote in hopes of seeing others do the same. Maybe we can spark a good healthy debate.

Well, Felix's invention is an indicator...not a system. While it may be of some use in trading, I did not count it as an option in this poll.

Genghis has posted results...but has yet to divulge his system (kind of makes me wonder why it got any votes at all???) - nothing here that can help my trading.

That leaves Mystikal and Williama, neither system has been completely revealed as of the posting of this message....but I think I have gained enough info to make a vote on this poll.

After studying Williama's strategy in depth, it has revealed itself to be a potential account killer. Every trade setup you make with this system has the very real possibility of wiping you out.
Williama seems to have some secret wisdom that steers him to alter his system mid-setup in a specific way so that he ends up safely in profit....I hope that he doesn't make that one single setup mistake that will wipe him out and that he continues on successfully to make truckloads of money. Unfortunately I lack both his 'secret wisdom' and his 'balls of steel' so this system is useless to me.

Mystikal appears to be using indicators that I am familiar with - in a way that I have not tried before. I do not yet fully understand his system, but he has already given me cause to revise and experiment with specific combinations of indicators in my own trading.
In this way he has definitely helped me out, so he gets my vote. Thanks mate....I hope to learn more from your thread.

***transmission complete***

[miranda gulto]

where i can get Genghis's Yet-to-be-named Strategy info