Forex Trendy Review: Automated
Forex Trend Scanner

 

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Forex Trendy is a software solution that helps traders identify trending currency pairs and time frames. Instead of relying on indicators, it uses price action analysis to determine the trend direction, scanning 306 charts (34 currency pairs across 9 time frames) every second. This real-time analysis ensures that traders are always aware of the best trending pairs and time frames, regardless of their preferred trading platform. Forex Trendy operates on its own servers, so there is no need for users to download or install anything.

One of the key benefits of Forex Trendy is its ability to help traders avoid choppy market conditions, where price movements are erratic and unpredictable. As the sources explain, even trading systems with a 50% win rate can become profitable by following the trend. By increasing the odds of winning trades by just 20%, a trader can shift from losing or breaking even to consistently winning. Essentially, Forex Trendy acts as a filter, identifying the most promising trading opportunities and helping traders avoid periods of uncertainty.

Beyond identifying trends, Forex Trendy also recognizes continuation chart patterns, such as Triangles, Flags, Wedges, and Trend Lines. The software scans all charts and time frames, analyzing every potential breakout and considering the reliability of the pattern. It identifies patterns formed by strong trend lines with multiple touching points, indicating a higher probability of a successful breakout. Forex Trendy then alerts the user to these potential trading opportunities, providing a visual representation of the chart pattern with clearly drawn trend lines and breakout points.

This feature is particularly beneficial for traders who may not have the time or expertise to manually analyze hundreds of charts for potential breakout patterns. The sources highlight that such events, where a reliable pattern forms with multiple touching points, are rare in a single chart. By automating this process, Forex Trendy saves traders countless hours of analysis and helps them capitalize on these rare and potentially profitable opportunities.

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Forex Trendy also offers a range of features to enhance the user experience and make trading more efficient:

• Live charts of the best trending currency pairs and time frames
• User-friendly interface
• Audible alerts and email alerts for new completed patterns
• Ability to customize the auto-analysis by selecting or deselecting pairs or time frames
• Quick overview of trends on all time frames
• Live charts of emerging patterns and a history of completed patterns

Additionally, subscribers receive a 30-page ebook titled "Understanding The Myths Of Market Trends And Patterns". This ebook provides further insights into trend analysis and chart patterns, helping traders improve their understanding of these concepts and how to apply them effectively.

Forex Trendy offers a quarterly subscription for $37, which equates to $3 per week or 60 cents per trading day. Users have the flexibility to cancel their subscription at any time. The sources mention that as the user base grows and more computer resources are required, the price may increase or switch to monthly billing. However, those who subscribe at the current introductory price are guaranteed to keep that price.

Overall, Forex Trendy is a powerful tool for Forex traders of all levels, providing a comprehensive solution for identifying trends, recognizing chart patterns, and avoiding choppy market conditions. Its real-time analysis, automated pattern recognition, and user-friendly interface make it a valuable asset for any trader looking to improve their trading performance and increase their profitability.

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Forex Trendy: Frequently Asked Questions

What is Forex Trendy?

Forex Trendy is a software solution designed to help Forex traders identify trending currency pairs and time frames. It analyzes price action across 34 currency pairs and 9 time frames, providing real-time insights into the best trading opportunities.

How does Forex Trendy work?

Unlike traditional indicators, Forex Trendy relies on pure price action analysis to determine the trend direction. Its algorithm scans 306 charts every second, identifying emerging and established trends. Additionally, it recognizes continuation chart patterns like Triangles, Flags, Wedges, and Trend Lines, alerting users to potential breakouts.

What are the benefits of using Forex Trendy?

• Avoid Choppy Markets: Forex Trendy helps traders steer clear of uncertain market conditions where price movements are erratic, minimizing potential losses.
• Identify Strong Trends: The software pinpoints the currency pairs and time frames exhibiting the strongest trends, increasing the probability of profitable trades.
• Recognize Breakout Patterns: Forex Trendy automatically detects reliable continuation chart patterns with multiple touching points, signaling potential breakout opportunities that might be missed otherwise.
• Save Time and Effort: The automated analysis eliminates the need to manually analyze hundreds of charts, freeing up traders' time and effort.

What features does Forex Trendy offer?

• Live charts of trending currency pairs and time frames
• User-friendly interface
• Audible and email alerts for new patterns
• Customization options for auto-analysis
• Quick overview of trends across all time frames
• Live charts of emerging patterns and a history of completed patterns
• 30-page ebook: "Understanding The Myths Of Market Trends And Patterns"

How much does Forex Trendy cost?

Forex Trendy is available for a quarterly subscription of $37, which breaks down to $3 per week or 60 cents per trading day. Users can cancel their subscription at any time.

Is there a guarantee on the price?

The sources mention that the price may increase or shift to monthly billing as the user base expands. However, subscribers who join at the current introductory price are guaranteed to keep that rate.

Do I need to download or install anything?

No, Forex Trendy operates on its own servers. Users can access the software online without any downloads or installations.

Can I use Forex Trendy with my current trading platform?

Yes, Forex Trendy is compatible with popular trading platforms like MetaTrader, NinjaTrader, and TradeStation. It provides the insights, and you can execute trades on your preferred platform.

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