In this post I will be reviewing the Dream Signals 3 manual trading system developed by FXA Trade who have been around since 2007.
Dream Signals 3 is designed for the MetaTrader 4 (MT4) platform which is free to download from most online forex brokers and a popular trading platform for millions of traders all over the globe.
In order to use this forex system, you will need a trading account with a forex broker. With so many brokers to choose from, I have conveniently compiled a list of my best forex brokers to help you quickly and easily choose a broker that meets your needs.
For the best possible trading conditions including competitive commissions, tight spreads and reliable trade execution speeds, I would always choose an ECN forex broker for both manual and automated forex trading strategies.
Dream Signals 3 Trading System
The Dream Signals 3 system has been around since 2009 and is a very basic manual trading system that can be used by traders of all experience levels. It is suitable to all trading styles as it can be used for scalping, day trading or swing trading.
You can use the Dream Signals 3 template on any chart time frame and currency pair. I would always prefer to use a longer-term chart time frame to filter out some of the noise from the lower chart time frames.
I would also trade manually on major currency pairs such as the EURUSD and GBPUSD as I find that they tend to have some of the most liquidity along with the tightest spreads. This can help me save on trading costs in the mid-long term.
Dream Signals 3 contains a package of indicators that you can use individually or combine them into one complete manual forex trading system. You may also implement the indicators provided along with your own trading strategy to further filter trades. You do not need to take all of the signals generated by the Dream Signals 3 system.
Dream Signals 3 contains a scalping indicator with 3 check boxes that must all agree for there to be a valid signal. There is a buy/sell zone indicator based on Bollinger bands. There is an arrow indicator which can be used to confirm signals. Finally, there is the price trend forex candlesticks that colour code the candlesticks according to the current trend.
One of the most important aspects of using the Dream Signals 3 system will be money management and traders’ discipline. I would certainly try to maintain a positive risk to reward ratio so that my winning trades are greater than my losing trades. Nobody wants to see one losing trade wipe out multiple winners.
I feel that patience and discipline are 2 factors often over looked by new traders and are important aspects especially when manually trading. Try not to let fear and greed get in the way, keep your emotions in check or step away!
Dream Signals 3 Summary
Overall, I think it is fair to say that Dream Signals 3 does incorporate some sound trading principles and useful technical indicators that can help to pick out trading signals on your charts with relative ease.
It is also very flexible as it can be used on any currency pair and chart time frame. This makes it an accessible manual trading system for all types of forex trader.
However, it will require some trading experience and knowledge as you will need to place your stop losses and take profits where you feel they should go.
You may wish to practice trading with Dream Signals 3 on a demo trading account to begin with until you familiarise yourself with the strategy incorporated and continuously produce positive results.
Dream Signals 3 includes full support, setup instructions, trade examples and a money back guarantee.