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Hyper Forex Trading – Forex Shockwave Review

Forex Shockwave – Hyper Trading Forex Robot Review

forex shockwaveForex Shockwave is the talk of the town these days. With so many forex robots and systems available it is hard to find the best ones at times. So let’s take a look at Forex Shockwave.  Is it a hyper trading forex robot?

Created  by a forex trader ForexShockwave is  said to be a hyper trading  robot.  Many people have tried various forex robots in the past, many also to be disappointed. While a robot can show some good trades many have been slow to produce the results you are looking for,. If you are anything like me , you want results or proof now, not next week or next month. I have used a couple of forex robots with success myself. Yet , I agree at times they were rather quiet and didn’t make trades too often.

So after some long study and questioning fellow traders. Forex Shockwave was produced as a forex robot or EA that will trade numerous times during each trading session.  In testing and development it often traded more in one session than most robots trade in a whole week. Now don’t get me wrong, just because it trades often doesn’t mean it  is profitable. We all want to have increasing  accounts sizes ( over time), not  a stagnant or decreasing account balance.

So how does Forex Shockwave measure up?

Like all other robots you can expect the odd loosing trading. Nothing new there. As the forex markets are always moving and have their own inherent risk involved. The goal is to increase your account with time. Now this can be done quickly utilizing the ForexShockwave software.

Designed to be user friendly yet adaptable for even the most seasoned traders. You don’t need to have any prior forex trading experience to benefit from Shockwave, but it is important to have a basic understanding of how the market operates and the common terms used.

Forex Shockwave Features at a glance –

  • easy installation
  • regular updates to the software
  • can trade specific hours or run 24 hours a day
  • best results trading EUR/USD  15 minute chart
  • can trade multiple currency pairs and time frames
  • runs on MetaTrader 4 platform
  • historical 90 % winning rate
  • auto money management –  with manual money management for expert traders

As with all forex trading systems or robots you should always test Forerx Shockwave on a demo account before running it on a live account. Try it out on a few different brokers to find the best fit your trading plan.

The current version is built to operate on the popular Metatrader 4 trading platform, a new updated version will be available once the new Metatrader 5 platform rolls out and has been shown to perform as well as MT4 or better  so rest assured that you will not be stuck with an out dated program in a few weeks or months.

You can use any account size to start with, including  micro accounts. Although Shockwave will trade any pair the developers recommend starting with the EUR/USD pair on the 15 minute chart for best results. You can then try other pairs and time frames that suit you. Tests have shown the best trading results were found during the Asian session, but the UK and US sessions still produced nice returns.

For  stoploss and take profit the robot has  variable stop loss and take profit points, relative to the current market and account size. The recommendation is to not risk anything over 5% of your trading account at any one time. Risking  a larger amount is how many traders get into trouble and end up loosing more.

From all that I have seen so far Forex  Shockwave appears to be a solid forex robot and trading system that can be used to generate regular trading profits.  Yet the only way to know if it is the best for you is to try it risk free on  a demo account and see for yourself just how well it performs.

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