Forex Trading Signal Software

LMT Forex Formula

If you're looking for Forex trading signal software, LMT Forex Formula might be on your horizon. Find out if this system is all about the hype or if it can live up to its claims.

What is LMT Forex Formula?

LMT Forex stands for Low Maintenance Trading. The basic idea behind this system is that you are supposed to be able to invest only a few minutes per day and bring in money. In fact, the sales letter claims that the guy who made the system, Dean Saunders, makes over $10,000 per month while only working 15 minutes per day. Not bad, huh? If it's true, that is.

Pros

One of the pros of this system is that it is pretty easy to use. The basic idea behind this software is that you install some indicators on your Metatrader 4 platform and then it gives you Forex signals. From that point, it is up to you to manually place the trades and get out when you want. While it does give you some guidelines as to how much profit to take and where to put your stop loss, it is up to your preference as to how you trade.

Another advantage of using this system is that it is designed to catch large trends. It works best in markets that are moving clearly in one direction or the other. If you can get in on the beginning of a trend, you can make a lot of pips with only a few minutes per day. This is a type of swing trading strategy that can pay dividends.

Cons

Although LMT Forex Formula does give you some decent opportunity to catch trends, it does not perform well in choppy markets. When the market cannot pick a direction, you can lose several trades in a row. Because of this, you have to be willing to stick to strict money management rules to make it work. You must have faith in the system and trade the same lot size on every trade for awhile or you can blow out your account.

The Verdict

This program isn't bad, but I wouldn't bet my life savings on it. It is a nice introduction to manual trading and it can be good for newbies. However, it's been out for awhile and you can probably do better with other products out there. Some people combine these indicators with other Forex trading software and manual systems to double check entries into the market, and in that case, it can work pretty well.

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