Retracement Trading is the strategy which gives you 1) the best Risk/Reward ratio while 2) trading in the direction of the trend. A retracement (temporary pullback in price) gives traders the opportunity to enter into a trend trade at a better price, risking lesser money and yet stand to profit from the trend.
Key features include:
Cutting Edge Trend Detection System – A retracement trade is only profitable when price continues trending. FX Retracement Radar Basic makes use of a cutting edge trend detection system as the basis of the signals, alerting you only when price is expected to continue trending.
Momentum Analysis Feature –Signals are filtered by price momentum ensuring that trades are placed only in the direction of current price movement. Currency pairs in strong trending mode with gaining momentum are highlighted from normal retracement signals.
User-Friendly Interface – Utilizing an easy-to-read dashboard style interface, the application provides you with a one glance overview of the currency market and all retracement trading opportunities, cutting short the analysis process for you.
Push Notification Support - Never miss a signal again. Timely push notification for you to make the right decision at the right time.
Headline news - Read relevant news about the currency pair you care about in the app.
If you are interested in the trend status over 25 currency pairs, please check out another of our apps - FX Retracement Radar.
To learn more about our Retracement Detection System / other FX Radar series applications, please visit www.codingtrader.com .
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Forex trading on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade forex, you should carefully consider your investment objectives, level of experience, and risk appetite. You must be aware of the risks of investing in forex and be willing to accept them in order to trade in these markets. Trading involves substantial risk of loss and is not suitable for all investors.
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