Yes, he’s again, and “You are about to discover a deadly accurate market dominating Forex system”. It’s a system that “has never been shared with anyone” and it’s one which Dean has “kept under lock and key for over 7 years simply because it’s that powerful”.
Although the system has by no means been shared with anybody, “somehow the word got out” and “the number of calls and emails from people desperate to learn the Forex Powerband Dominator keeps growing and growing”. The causes, “it works with pinpoint accuracy”, “like clockwork” and “on any timeframe”.
The system owes itself to “one lucky discovery while experimenting with countless trading theory’s”. The web site then continues to “tell you a story about how I found what I believe to be one of the best Forex systems on the planet”. We is not going to re-iterate the story right here as we don’t assume we may put it any higher, but it surely does have a terrific ending. “The results floored me”, “I mean real knock me off my chair, leave me gasping for breath floored me”.
The system has delivered 12 profitable trades in a row, not simply as soon as, “huge winning streaks are a regular occurrence” and “soon they will be for you too”. “If you can count to 3 – Recognise a simple pattern and push a button, you can make money” from the Forex Powerband Dominator.
As nicely as a handbook, there’s a choice of “high quality videos of every aspect of the system” that “take you by the hand through the whole process, from setting up your charts to identifying a setup and cashing in on the trade”. So straightforward in reality “a 10 year old could use it to make money”.
The bundle comes with:
- Comprehensive Manual
- Video Module 1 – Platform & Charting
- Video Module 2 – System Mechanics Part 1
- Video Module 3 – System Mechanics Part 2
- Video Module 4 – The System
- Video Module 5 – Position Management
- Video Module 6 – Live Trades
- Cheat Sheets
The reasoning behind the pricing is defined as follows, “using this unique system you will literally be in the top 5% of traders worldwide”. It continues, “I’m not going to insult your intelligence like so many other guru marketers and start with a ridiculously high figure and keep putting a line through it” as “I want to help the little guy like you out”. “Most people would charge you in the high hundreds or even thousands of dollars for this information” and “sure I’d make a ton of money”, “but I’m already having great success and I want to give something back” so “the cost is just $129”.
The system is advisable for the Daily or Four hour charts. Dean personally makes use of the Four hour charts, though the system will work on any timeframe besides the 1 minute chart. It has a 70% win charge although “you can easily average 80%+ wins” and “the average win is much larger than a loss”. Any charting bundle can be utilized, so no MT4 indicators or templates right here.
No testimonials this time for Dean’s product, the reason is, “As I said earlier this system is something that I have kept quiet for the last 7 years, only my closest friends have ever seen it”. The intention is that testimonials will come from “real people that are starting from scratch, trading Forex and changing their lives”.
The Material
The handbook is 49 pages lengthy and is, as anticipated from Dean, nicely written and complete. The first dozen or so pages cowl set up and charting fundamentals so could be skipped by these with earlier expertise.
There then follows numerous chapters on Support & Resistance, Trend strains, Round Numbers, Key Moving Averages and Candle formations. Mostly nicely defined materials that’s each widespread sense and data to these not new to buying and selling.
The system has two set-ups, A & B. Both are fairly related and are based on Bollinger bands, Stochastics and Price motion. And, as talked about above, Support & Resistance, Trend strains and Moving averages are additionally utilised to assist the commerce identification course of.
Entries and Stops are clearly outlined and Targets are based mostly on Bollinger bands so they’re additionally fairly clear.
Four hour and Daily time-frames are advisable for buying and selling this technique. Though, it does state that these wishing for extra motion can drop all the way down to the 1 hour and even 15 minute timeframes.
The sections on Trade and Money administration once more, present sound recommendation to these new to buying and selling.
Worthy of a point out are the 2 Cheat sheets, one for Buy set-ups and one for Sell set-ups. These are one pager overviews of the system and all you’ll really want to reference if buying and selling this technique.
The System
The system is very easy to set-up on any half respectable charting bundle which helps Moving averages, Bollinger bands and the Stochastic indicator.
Trade identification is sort of mechanical, say 80%, as ones interpretation of Support and Resistance, Trend strains and Candle formation come into play. As talked about above, Entries and Stops are straightforward to find out with Targets being based mostly largely on Bollinger band location.
As a lot of you’re conscious, on account of timing we can’t commerce Daily candles so we went with the opposite advisable timeframe, Four hours. No point out of which pairs the system is greatest suited to so we thought the identical ones we traded LMT Forex Formula on, USD/CAD, NZD/USD, EUR/JPY, GBP/JPY, AUD/JPY, EUR/CAD, GBP/USD, AUD/USD & USD/JPY, could be acceptable.
One of the uncommon events that we didn’t really use a system in real-time, not on account of lack of time or confidence, extra a scarcity of prepared. We (at Systems For Traders) all agreed that the indications and fundamentals of the system are technically sound. They are so technically sound in reality that each one of us in some form or kind incorporate a minimum of a few of the points in our personal buying and selling already.
Back-testing, a fast scan over current months, diversified between us, Three of us carried out the train. Largely because of the discretionary points of the system, we solely had a few 75% cross-over of trades (the place we’d have taken the identical ones). So, that is in no way a 100% mechanical system.
However, based mostly on the eye-balling we did throughout the 9 pairs on the Four hour timeframe all of us agreed that, typically talking the system may very well be worthwhile. The different factor we had been all in full settlement with was that the outcomes neither “floored us” or “left us gasping for breath”.
Can It Work
The system has sound ideas, it’s nicely offered and might be of use and curiosity to these new to buying and selling. For these with extra expertise, we’d be fairly shocked in the event that they weren’t conscious of / already incorporate some, if not all, of the ideas, in some form or kind of their present buying and selling.
To summarise, footing for these new to buying and selling. However, there’s nothing new right here that can not be obtained free from the numerous Forex assets on the market. The most important distinction being that the sound and customary ideas have been consolidated and packaged as an entire system, and the roles one to be sincere.