Forex Crescendo Expert Advisor Review

Type:	Automated Forex Robot
Price:	$149.00
Website:	www.forexcrescendo.com
Support:	Email
Guarantee:	60 Day
Pairs Traded:	GBP/USD GBP/JPY
Timeframe:	1 hour
Rating:

Forex Crescendo Review

The latest automated trading system developed by Andrea Salvatore, Forex Crescendo bases its trading strategy on the mathematical principle of qualitative qualitative evaluation of the market.

Forex Crescendo is billed as offering a fairly revolutionary approach to Forex trading, based on 'Qualitative Quantative' calculations which are used to determine trade entry points. This means that the system scans the market performing a number of mathematical calculations in order to determine its trade entries.

As will most automated Forex trading strategies, the Expert Advisor continuously monitors the markets over a twenty four hour period. When the entry criteria is met, a position is opened in the direction of the dominant market trend.

Key Points of Forex Crescendo

• Trades the GBP/USD and GBP/JPY currency pairs
• Trades on any timeframe
• Automated 24/7 trading
• Profit Limit and Draw down limit configurable settings
• Installation and configuration settings supplied in guide
• Product Email Support and updates

Forex Crescendo Review Summary

The strategy employed by Forex Crescendo follows a grid based system for two currency pairs only; the GBP/USD and GBP/JPY. The EA itself is timeframe independent and therefore can be set to run on any timeframe chart.

The unique feature of Forex Crescendo is that it does not make use of conventional stop loss or take profit levels. Rather than set these levels on a per trade basis, the strategy instead makes use of a global parameter. If for example, the global take profit level is hit, then all open trades are liquidated. Similarly once the EAs global drawdown setting is reached all open trades are closed.

This approach to money management, while a little unconventional, helps to overcome the weakness that many systems have when it comes to money management, argues Andrea. Certainly this different approach shows no sign of affecting the results achieved. You should however note that this approach can sometimes lead to long periods where trades are left open. This can have the effect of tying up the system, until either one of the targets is met.

Since launch the returns generated by the system have been impressive. Back tested results are available on the Forex Crescendo website, together with live updated trading results via myFXbook.

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