Free forex system – The Robin Hood Mechanical Forex System

Few days back I have bought the forex megadroid expert advisor. Recently they sent me an email about a forex system that I can get for free. It is called “The Robin Hood Mechanical Forex System”. This is a free forex system and you also can get it at “http://www.robinhood-fx.com/”. The author of this forex system is saying, it is free for only limited time. So go ahead and get it.

I have downloaded this free forex system. The author is providing a PDF manual which gives very detailed instructions on how to set up this free forex system. He is also providing two videos on how to use this system. This is mainly for EURGBP currency pair. I haven’t tried the system yet but I wanted to let you know about this free forex system as soon as I got the email. I will post the results also in my future posts after testing this.

But remember, any forex system, you have to try it for sometime in a demo account to know how it is working and to get confidence before you actually use it in your live trading. So for this forex system also, before you use it your live trading try it in demo trading for some time.

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Fractals and Trendlines video

This video explains a forex technique that uses fractals with trend lines. The author is using fractals to draw trend lines. He is also using nearest resistance as a take profit and the stop loss well below the fractal where the fractal is below all the other fractals.

He also used stochastics where the stochastics was showing a divergence. It looks like it he is also using fibonacci to estimate the reversals. Check the two videos. May be you need to practice a lot before using this technique.

The author is saying that the win percentage for this technique is 80%.

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