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the forex trading system devised by the Forex trading signals and instant alerts on Forex major currencies has created a rage among the traders. This tool which is known as G7 forex system has worked as magically for many traders in the forex trading market so far. The effectiveness of this fool-proof forex trading system can be attributed to the resources it is devised on. This G7 forex system is the result of an extensive and exhaustive technical research, rigorous testing, and years of live trading.
It has been traded for major banks, tested with huge trading orders, evaluated against rigorous statistical testing and followed by uncountable traders across the globe. The G7 system produces profits almost every trading week with the lowest possible loss. If this forex trading system has worked for so many people, it will also work for you. The best part of this most sought-after is its 100 % money back guarantee. Incase, it does not work for you, you are entitled to get all your money back.
Has anyone been trading using the G7 system? I have the G7 ebook and I'm wondering whether or not it is worth the effort of making an EA. If you have any comments or suggestions, I would like to hear them.
Thank you all,
Ryan
***
*** I just found a thread describing the system, and it's right next to this one... I feel stupid.
I have the system and it is good an ea will be great
The G7 system is very simple and has arguement to it . It is based on watching price action in relation to overimposed 100 & 200 Bollinger bands.
When the price penetrates one band and it indicates oversold or overbought then there is high probabilty of reversal . If the price has penetreted both Bands then one can argue greater probability is at hand .
Essentially then this is a counter trade strategy and is discretionary and therefore cant be backtested in the normal sense .
They use the Stochastic and the RSI to support oversold and reversal of price action .
Together with reading candlestick formation , this system can be profitable and I believe their claims of 200/250 pips pm are achievable and modest .
How ever one nees to apply some effort to "see" the trade at hand and pull the trigger and use the necessary disciplines to complete the trade.
This may be out of the ambit of a some members of the forum who expect to be spoonfed with the Holt Grail every day .
They trade using 1hr & 4hr charts
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Linear Mode
