FAQs about FOREX and TradeGoose

  • What is Forex?

    So, what is forex? The system of global trading in foreign currency is known as the Foreign Exchange Market, Forex, or just FX. Over the last three decades the foreign exchange market has become the world's largest financial market. It trades over $1.5 trillion USD daily; more than three times the aggregate amount of the US Equity and Treasury markets combined. Forex is part of the bank to bank currency market known as the 24-hour Interbank market.

  • What is Meta Trader4?

    Meta Trader4 is a trading platform used by most major Forex brokers. It is the software used by Forex traders to execute trades. Demo accounts are provided by brokers so the user can become familiar with the software before executing live trades.

  • Does Trade Goose require the use of the Meta Trader4 platform?

    Yes. Trade Goose requires the user to use only brokers that offer the MetaTrader4 platform.

  • How does the Strategy Work?

    Trade Goose enters and exits trades often, as it focuses on short term moves. TradeGoose is exploiting the correlation of the selected pairs.

  • How are the signals generated?

    Once Trade Goose is loaded onto MetaTrader, the system will execute all orders automatically, receiving encrypted signals from Trade Goose central server. This process is completely automated without requiring manual intervention by the user. The user still maintains all control over his account and using Meta Trader4 platform can manually liquidate any existing trades or execute new trades at any time. Should Trade Goose lose connectivity to the central server, existing trades will be monitored by your Metatrader expert advisor/application but no additional trades will be generated.

  • How do I connect to Trade Goose?

    The Trade Goose system consists of 2 parts. An Expert advisor and a small client application that receives a confirming data transmission signal from the Trade Goose central server. It is essential that your PC maintain constant connectivity to the internet in order to receive transmissions from the central server and to your Meta Trader4 application through your Forex broker. Broadband is essential.

  • Are there any restrictions using Trade Goose?

    Trade Goose is licensed for a single user, with one Metatrader account. This policy is strictly enforced.

  • What returns is Trade Goose generating?

    Current version made over 11% in the first week of testing. But there is no certain amount of gain or loss in the forex market. **

  • Does Trade Goose Experience Draw Down?

    Absolutely. Drawdowns are part of a hedge grid trading strategy. Just as a pendulum must move one direction before it can move in the other, so Trade Goose must draw down an account before it can swing into profit. A trader must be comfortable with periodic drawdown.

  • What pairs does Trade Goose trade?

    TradeGoose trades GBPJPY, AUDJPY and AUDUSD at the moment. The pairs are chosen according to current market conditions.

  • How long are positions held?

    Trade Goose may hold positions for only a few hours or three to four days or longer depending on market conditions. A typical trade is about 1 day.

  • Is Trade Goose completely automated?

    Yes, once installed, Trade Goose will execute all trades without any intervention from the user.

  • Do you have any past performance data I can review?

    Yes. Past performance data is available on the Forward Test Data page.

  • How much should I start my trading with?

    We suggest you start your trading using a demo account. This way you get a feel for the system and it’s performance before trading real capital.

    Once ready, we suggest starting with $5,000 to $10,000 on standard account (lot size is 100,000) or $500 - $1,000 on mini account (lot size is 10,000).

    We advise that you only trade using risk capital. Risk Capital is defined as money you can afford to lose. This is true no matter how good a system looks, how good a system performs or how much money it makes. Only risk capital should be used in trading.