| Huge AutoScaler News
Hi folks.
Hope everyone is enjoying their weekend and getting relaxed before trading starts Sunday evening. Last week was a barn burner what with the GBP involvement not only in the Brexit vote but also the snap No Confidence vote against PM May. It's no wonder the GBP was flat on Thursday and Friday after 3 straight days of tumult.
But that's not why I writing you on this beautiful Saturday afternoon (beautiful in central Florida anyway).
At some point in the next few days I will be releasing an update to Forex AutoScaler. This is a big update for the software, not so much because it adds a lot of new features.
It doesn't. It only adds one.
But it's a major biggie.
With the new update, Forex AutoScaler users can now use a step trailing stop, instead of the original version.
The reason this is such a big deal is that now you can trail your stop a specific number of pips each time a target price is hit, and then the stop stays at that price until the next target is reached.
I know that sounds a little confusing, so let me give you an example.
Let's say you are trading 5 pip Renko boxes with a 10 pip stop that you want to move 5 pips closer to price action every time a new box opens.
With the trailing stop that is currently a part of AutoScaler, you didn't have that option. The trailing stop would move "x" pips whenever price moved the same number of pips. If you watch the Trailing Stop video on the download page, this is exactly what happens.
The end result was you can get your stop a little too close to price and get stopped out without any new boxes forming. This is especially frustrating if you walk away from the charts and return to see a huge price move in your favor, only to find you were stopped during a brief price reversal that failed to close a new box in either direction.
With a Trailing Step Stop, you can set up your stop so that whenever a new 5 pip box (or any size box for that matter) forms in your favor, your stop will also move in your favor the same number of pips (5), but then sit on that price point until current price has moved an additional 5 pips and formed a new box.
If this is still confusing, don't worry. There will be a training video that goes over this in great detail once the new version is available.
The other addition to the page is aimed primarily at people who can trade the London Open. I have found a combination of Renko box sizes and a couple of indicators that consistently point out 15-20 pip moves.
By adding AutoScaler into the mix and using conservative settings you wold be able to bank 50+ pips on the winning moves while only putting 10-12 pips at risk overall if the trade should fail. This means you would only need to win one out of five trades to be profitable, but you're going to find that your win rate is going to be much better than that.
If you cannot trade the London Open, you can still use this method, but so far it has proven to be tougher to get solid winning trades during New York open. So it will work, just not as profitably.
If you already own AutoScaler, you get the update free of charge as always.
If you do not own AutoScaler but have been thinking about it, I give you fair warning: Once I have the updated version vetted and tested for bugs and it proves to be in good working order (which usually only takes a day to accomplish) I will be raising the price from $179 to $249.
If you are not really sure AutoScaler can work for you, or maybe you aren't even sure what AutoScaler does, there are two steps you can take right now to educate yourself before the price goes up.
First, go to http://forexautoscaler.com and check out the sales page and the videos which are already in place. You'll learn a lot just from that exercise.
Second, watch for my emails over the next few days as I release several new videos which address some of the common questions and concerns people have about using AutoScaler, and I prove conclusively that their concerns are unfounded.
And if you want to pick up a copy of AutoScaler before the next price increase, don't delay. As I mentioned above, once I have the updated version in my hands and it proves to be ready for prime time, the price is going up from $179 to $249.
So hop on over the http://forexautoscaler.com and grab a copy at the current price and get ready to start racking up more pips per trade than you ever thought possible.
Jeff
P.S.--Make sure you have whitelisted this email address so you get notified when the new videos come out. There is a lot of great content coming up and you won't want to miss any of it.
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