Forex Slasher Price Action Robot?

Posted by Edward Lomax on 22 August 2009 filed in Forex Robots

As many of you know, I’m dedicating myself to learning how to use Strignano’s Forex Signals, so I haven’t been testing other systems or Forex robots lately. I think that really is the point anyway, to find out what works for you and then FOCUS on it until you master it. (I just got off the phone with Tom Strignano this morning as a matter of fact. How many other programs or systems give that kind of personal assistance?) Anyway, I digress…

So, while I’ve found my Forex “edge”, that one thing I’ve been looking for that is going to take my Forex trading to the next level, I understand different traders are looking for different things. I like the more hands on approach and like to trade Tom’s signals manually based on everything he teaches. But I know a lot of you are looking for a “hands off” way to extract money from the Forex market. (I still run Forex Megadroid myself). And that is what Forex Slasher is about.

Here are a couple of reasons Forex Slasher caught my eye…

Forex Slasher is different than most of the other Expert Advisors out there because it doesn’t just rely on indicators to make trading decisions. As you probably know, indicators are lagging. The tell you what price has done in the past. (It is like trying to drive your car by looking in the rear view mirror). I’m not going so far as to say they are useless, but they are far less valuable than PRICE ACTION itself. And Forex Slasher used price action to determine when to trade!

So, while most robots are basing their decisions on what happened in the past (often TOO LATE to create a winning Forex signal), Forex Slasher uses what is going on RIGHT NOW to get you into the market at the right time to extract profits.

The other reason I like Forex Slasher is it doesn’t trade on small time frames like 5 Minute or 1 Minute. This is something a lot of people who don’t trade Forex and want to use a Forex robot don’t understand. The lower time frames are very hard to trade because they just move around too much. Higher time frame trading is just more stable… and in my opinion, a more profitable way to trade.

So, when you combine higher time frame trading with a sophisticated program that monitors price action… I think the creators of Forex Slasher might be on to something.

So, if you’re still looking for you “edge” in the Forex market and want an automated solution, Forex Slasher might be the answer you were looking for.