Forex PipSpring Signals Software
I’m believe it is very hard to learn Forex from books and videos, unless you are willing to spend years experimenting and a lot of money. Therefore, I believe the best, fastest and cheapest course of action is to use signals. Just do what an already profitable Forex trader is doing.
But signal services have their own challenges. Many times you need to pay monthly fees or performance fees. This puts a lot of pressure on the signals (since you are paying for them on a ongoing basis), and it sometimes becomes very hard to stay the course. A better solution for a lot of people would be to use Forex signals software that you pay for once and can use forever.
PipSpring Trade Alert Software is such a software.
PipSpring Trade Alert Software identifies profitable opportunities and alerts you when to take the trade, in what direction and where to put your stop. The software even manages the trade for you so you can lock in profits. The way the system is put together, it is possible to be profitable with only a 30% win rate (even the the real win rate is much higher).
This trade alert software is like 4 different systems in one:
- Manual trading
- Manual trading with Renko charts
- Automated trading
- Automated trading on Renko charts
I’ve been fascinated with Renko charts for a while, even though I have not been able to figure out how to trade these charts with my lifestyle. You see, Renko charts do not use candles based on time like normal charts, they form bricks based on pip movement (like 5 pips). This makes the charts cleaner and better for indicators, but you need to be watching them all the time to take advantage of the opportunities.
PipSpring fixes this problem by offering an automated version for the Renko charts.
Since using the software starting last week on autopilot mode, I’ve had 5 trades placed. $ were winners and one is still running (in loss at the moment). I decided to trade this on autopilot on GBPUSD regular charts, EURJPY renko charts, AUDUSD regular charts and manually on the EURUSD renko charts. I felt this would give me a good feeling for how the software works and which strategy would be best to use moving forward.
Based on the results so far, I think this is something worthy of mentioning and giving a try. Obviously, this is not very long, but I have not seen any activity that would make me nervous about using the software.
As with any trading software, signals service, strategy or service, you need to be aware that there are going to be losses from time to time. But the strategy is designed to put the odds in your favor and have the winning trades absorb the losses. If you decided to try this trade alert software, make sure you dedicate yourself to using the software long enough to get a feel for how it works.