In this post I will be reviewing the manual forex trading system Set Forget Pattern Profit which has been developed to be used to trade currency pairs in the popular and widely used MetaTrader 4 trading platform which is free to download from almost all forex brokers worldwide. You can even open a free demo account and try the Set Forget Pattern Profit trading system out risk free. Set Forget Pattern Profit gives you trade entry and exit signals without you needing to do any market analysis yourself, thus making it suitable for the most novice of forex traders. It is very easy to use but you may want to verif all of the signal with your own analysis before taking any of them.
Set Forget Pattern Profit Review
The Set Forget Pattern Profit indicator primarily uses price action analysis to find trading signals. You can use it on any currency pair and time frame charts that you wish. For the best spreads and fastest execution speeds I would personally trade on the major currency pairs with the most liquidity such as the EURUSD & GBPUSD. I would also use an ECN forex broker.
If you are a trader who likes lots of action then you can use the Set Forget Pattern Profit indicator on the lower time frame (below 1 hour) and if you prefer to try and filter out lower time frame noise and go for more long term forex signals then you may want to use it on the 1 hour charts and above.
The Set Forget Pattern Profit system will alert you via SMS, email and a pop up alert when there is a trading signal so you do not need to watch your charts all day. It is suitable no matter how much time you have to trade as you would simply use it on a time frame that is easiest for you, any time of the day there are frequent signals.
You may take every Set Forget Pattern Profit signal as soon as it occurs or you can be selective and use your own additional market analysis should you wish. Either way, it will require trading discipline and good money management. I would make sure trades have a reward that outweighs the risk so one losing trade does not wipe out all of the gains.
The Set Forget Pattern Profit forex indicator will give you optional stop loss and 3 take profit levels but you can use your own if you prefer.
Set Forget Pattern Profit Summary
Overall, the Set Forget Pattern Profit is a reliable a basic manual forex trading system that is suitable for any level of trader and whatever your trading style is (scalping, swing trading, day trading, etc) it can be adapted easily to suit your needs. It is easy to understand and use, without any complicated market analysis needed unless of course you want to. It includes detailed easy to follow setup instructions, full support and a money back guarantee.