Forex Charting Systems

The Manual Forex Trading System

Forex trading systems are a method of trading the Forex based on a series of criteria to determine whether to buy or sell a currency pair at a given time. Forex system trading is based on a set of signals derived from technical indicators and charting tools. Forex trading systems can be either manual or automated.

A manual system involves viewing your Market Traders Institute 4.0 Charting software and interpreting whether to buy or sell based upon the combination of technical indicators and charting tools overlaid on your chart.

In an automated trading system, the trader programs the software what signals to look for and how to interpret them which then allows the automated trading system to issue a signal to buy or sell the currency pair being analyzed. It is said that automated trading removes the emotional and psychological components of trading that often lead to bad judgment.

MTI's 4.0 Charting

MTI 4.0 Charting provides four trading systems that you may use on all currency pairs. Of the four trading systems that the MTI 4.0 provides, three are manual and one is automated.

The systems included with your subscription to MTI 4.0 are:

• Trend Finder High: The Trend Finder High system is an indicator system that allows you to see overall trend direction through either red or green candles on any currency or timeframe.
• Trend Finder Next: The Trend Finder Next system is a system indicator that allows you to see overall trend direction through either red or green candles on any currency or timeframe.
• Trend Trader: The Trend Trader system is a universal system that provides general trend direction through several indicators.
• Gann Basic Swing Plan (Automated): The Gann Basic system is a universal system that works on all timeframes and currencies. Providing buy and sell signals for optimal entries and exits