In this post I will be reviewing the Forex Crystal Ball manual forex trading system developed by Vladimir Ribakov. It runs in the free to download and very popular MetaTrader 4 trading platform. Forex Crystal Ball is a complete manual forex trading system that uses MT4 customised indicators to give you trading signals. Due to its ease of use and the many trade examples and instructions included, it is suitable for all levels of forex trader whatever your experience may be.
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.
Forex Crystal Ball Review
The concept behind the Forex Crystal Ball trading system is that history will repeat itself. Based on historical events and chart behaviours/patterns, the Forex Crystal Ball will try to anticipate which direction the market will move at the current time. It shows you what it thinks are the days to look for buy trades and the days to look for sell trade.
The development behind the Forex Crystal Ball was rigorous with all of the MT4 historical forex data analysed. This was conducted by many traders, statistician’s, programmers, testers and around 50 indicators including customised indicators. Thus, through this arduous and intensive testing, the Forex Crystal Ball was formed. All the data and common patterns were grouped together to try and determine what direction the market will move in the future.
The Forex Crystal Ball system consists of two separate elements. These combined elements form this unique forex trading system.
The Forex Crystal Ball Indicator that tries to forecast what the current day’s candle, the following day’s and 2 days later candles would look like.
The other trade statistics component is built and customized. It will try to identify reversal patterns on your charts, such as tops or bottoms. The table represents vertical support and resistance ranges which are analysed separately from the Forex Crystal Ball Indicator as a separate additional confirmation.
The Forex Crystal Ball system will give you alerts via SMS and email when there are possible trading signals so you do not need to chart watch all the time.
It includes a tunnel indicator and buy/sell action zones that shows you possible places to place your buy and sell trades.
I would personally make sure that I use this with good money management and filter the trading signals that it generates with my own analysis. I would only take trades that have a good risk to reward ratio whilst I would make sure my trading discipline is in check.
Forex Crystal Ball Summary
The Forex Crystal Ball is a well thought out manual forex trading system. Despite the huge amount of statistics and analysis behind it, it is relatively easy to use and flexible to suit a vast array of trading styles. You may use the Forex Crystal Ball system on any time frame and currency pair.
The official Forex Crystal Ball website shows a wide range of trade examples so you can see more of what to expect. Don’t forget, you don’t have to take all signals generated and can even use it alongside you own personal trading system. Detailed instructions, full support and a money back guarantee are included.