There are two main criteria which you have

There are two main criteria which you have in order to program rules for and they are rapid Market Entry and market get away or your stop. You can use a huge number of signs or symptoms to time your trades nonetheless on an automatic trading system, you may use as few as possible an here I am likely to show you how to build a 1 rule method simply based upon trading volatility.

A simple system would be one based on the typical deviation (volatility) of price. The Bollinger Band for example, shows the mid average band and the two outer lines, are standard change from the norm or average, since volatility increases the bands widen away from average. You can easily construct a simple volatility system with your own settings so here is exactly what you do..

You would have to decide a mid line moving average to start. This is where prices will find support in a new bull market and resistance inside a bear market. A buy transmission, would be generated (and held) in a bull market when the average is hit, the outer bottom band presents the stop level.

What you need to do is to test various moving uses and standard deviation settings for that outer bands but this is uncomplicated with today's software. You would and then, need to decide a spread of values to trade it on and test that back over time, to see how triumphant it is - because it only offers one rule, it will show a realistic back test of performance.

Typically the logic of the above system is clear and understandable and below, you will find how to crank out a buy signal and stop inside a bull market.

In a strong bull trend, prices may go away from an average price but they will generally find support against into the typical. If volatility takes prices from the mid band to the outer base band, the supply and demand situation is probably changing from bullish to bearish and a stop can be placed

You have to do a bit of research and you can add additional filters if you wish but a volatility based system if traded on the spread of uncorrelated contracts will work (they very rarely work on a single contract).

I have seen people make enormous profits with simple automatic devices and you can too. Sure you have to spend time researching and testing and also on the internet system trade long term but if you perform a bit of work, you can easily build your very own Forexautomatic trading system create some great profits in under 30 minutes on a daily basis.