Forex Robo Trading

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Can You Master Navigating Forex Price Channels Using M3 Navigator and Market Scanner Software?

That is exactly what the Joe Atkins aka Forex Joe, Gary Albrecht and Bill Tainter hope you will achieve with their Market Mastery trading system.

The Forex Mastery method is designed to identify the precise entry point using specific rules of engagement including their proprietary bias and key numbers along with 8 or 9 technical indicators depending on whether the market is trending or oscillating. Things start to get really complex when they take this system and apply it across multiple times frames on multiple currencies. This maybe Forex price channel trading nirvana but is the system too complex?

Enter the M3 Navigator, the automation side of Forex Mastery. And this is where Forex Mastery breaks away from the plethora of Forex education and training programs online. While other systems may be very good, many people are wanting to free up their time by trading Forex. They desire to work less, have more leisure time, spend more time with the family as well as build a nest egg for the future. Staring at charts all day is often not part of the equation. Forex Mastery is a balance between hands on trading where you pull the trigger and software automation to eliminate hunting for setups.

With the aid of the Market Scanner software, the system can alert you when the best high probability setups are occur. Minimizing time spent at the computer. This is not a black box system where you don’t know why or what is happening. Yet you can leave the computer to do the boring grunt work for you 24 hours a day. After all that’s what computers are good at doing.

This is where Bill “The Programmer” Tainter comes in with the Forex Market Scanner which automatically scans multiple pairs and time frames for setups as they develop. And the Forex trading system becomes extremely interesting.

How good is the M3 Navigator in a live trading situation?

Watch, as Gary Albrecht (the creator of the M3 Navigator) shows a recent real-market example of how the software caught a 200 pip move… live in a class full of students last week.

The following video was taken from a class of 50+ students Gary Albrecht taught on Nov 10, 2009. During the class he review the EUR/USD 4 Hr chart. Please note, while instructing the class on reading and anticipating price action, he stated the price of the EUR/USD would move up to the Bias level of 1.5022 at which point he would sell based on previous price action and the software setup.

M3 Navigator Live Trading Video

A full set of Forex Mastery Videos including samples of the actual course can be viewed here.

More about Forex Mastery, M3 Navigator and Market Scanner

Now I wonder what would happen if the M3 Navigator and Market Scanner were put to work on synthetic currency pairs generated with the Quad Charting software which is part of the current Correlation Code Bonus Pack?

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While I enjoy publishing good Forex EA results and nothing is more exciting than watching a robot pull in winning trade after trade, completely on auto-pilot… Well at least when it is real money but for demo accounts it is still more exciting than watching paint dry.

However I’m not here to just show you the good results, there are some bad ones and downright ugly ones too. Seems Gridbot just blew out my demo account and shut itself down. Well at least it shut itself down before wiping out completely. It will take a little time to figure out what went wrong here and I’ll fire an email off to support just to make sure everything was setup correctly.

Although it is not entirely obvious from the Metatrader result page, actual trades began on June 15 but most of the account loss occurred in less than 3 days. When I have my live trade results software up and running, this will be much more transparent but for the moment, we’ll have to settle for the Metatrader detailed report graph.

Technorati Tags: account blowout, demo account, drawdown, Forex GridBot, forex robot results, live trading