Similar Software Report for "TrendCatch FX" version: 1.5
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Description for "TrendCatch FX" version: 1.5
Back to listing for: "TrendCatch FX"-
- Homepage: www.trendcatch.com
- Description: TrendCatch monitor the Currency Spot Market and compute live Trend Signals (TREND-Channel System) for seven FX Pairs: EUR/USD, GBP/USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD GBP/JPY.
One of the most important things to understand when using TrendCatch is its trading philosophy. TrendCatch differs from other systems in that it does not attempt to predict a future price. Instead, TrendCatch attempts to determine when the current trend changes and if that should lead to a change in position. During the trading day advice about the Current TREND and Alerts about eventually changes is shown on the Price Display. There are sound alerts, which can be set to On or OFF. The price where a possible change will happen is shown by the graphical Trend Channel system, and on the Price Display column Alert. DO NOT react immediately to to this info, just be alert and prepared to eventually change the position, but wait until a change has been confirmed. Alert signals each time to Confirm the system changes TREND either from Long to Short or from Short to Long. The alarm sounds immediately and the Trend Info Grid is updated. After this has happened, the position should be changed! Never enter a new trade before the TREND changes again. TrendCatch is a system that requires investors to eliminate any preconceived biases or emotions. Do not try to beat TrendCatch by staying in a trend that is not confirmed. TrendCatch has 3 trading strategies to choose from. Access to historical performance based upon active day trading, showing the Trend signals for each day. TrendCatch's ticks' intraday history for all Currency Pairs. All data can be saved to spreadsheets for further analysis. No overnight positions all positions are cleared by the end of the trading day.
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