Forex

It is an Expert Advisor, or EA, which attaches to your version of Meta Trader 4. I am not the one selling this EA, but I have been using it for about two months now and am very confident with its results. Unfortunately, I paid $300 for it when it first came out (if you visit the website, it is much less now ohmy.gif ) but I am still satisfied with its results.

Avonko trades based on relative market times - the GBP/USD tends to form weak price trends during the lower volume Asian trading hrs, and then breakout into a new trend after the open of the London session. This program won't make you a millionaire overnight, but it consistently generates profits based on this simple pattern recognition.

I only write this here because I have used several EAs and in my experience, many have failed because they relied on a combination of too many complex technical indicators. I have come across a valuable few which have reduced Forex trading to simple strategies - and these have done the best.

I use relatively little leverage (100:1) and in the last two months my Forex account has ballooned from $5000 USD to over $9000 USD only using the Avonko EA. I'm waiting until I approach $20000 USD before I begin trading on my own decisions.