Elemental Trader – My Review and Bonus

CLICK Here to Buy Elemental Trader and Get My $200 Trade Manager Bonus
(Read more about this bonus here — Jumps to the bottom of the page)

Thanks for visiting my Elemental Trader review. I know you’ll receive a ton of emails about this today and since I’ve been a full member since last week, I decided to send a few personal comments about this and also give some details about the special bonus that I have developed for my subscribers.

The pattern recognition software, the 6 module course and all the other guides they offer is great, but with this product I really think that the most value for money comes from the Trade Finder software and more particularly, the Trade Finder alerts feature. This service saves you a heck of a lot of time, because you are notified whenever a pattern occurs and you don’t have to spend any time at all looking for patterns accross the various currencies and currency pairs. All you have to do is wait for an alert and then open the appropriate chart to see if the pattern is tradable. There’s been some teething problems with the Trade Finder email alerts, but I’m sure they will sort this out soon. The other components that I think add a lot of value are the Live Trade Room and Dustin’s Example Trade Videos.

Bottom line – Is the Elemental Trader Strategy Profitable?

Unfortunately I haven’t had much time to actually place trade with this strategy, because I’ve been spending time watching the course videos etc, but I’ll give you my gut feel. When you look at the charts you can clearly see that the Harmonic patterns are very profitable, there’s no question about that. I’ve placed a few test trades and have a 100% success rate so far. It’s all based on price action and Fibonacci ratios and because of that I think it’s a very good long term strategy to use. These patterns will never stop occuring and they can be applied to all kinds of markets, not only forex. Is it as easy to trade as it seems? Probably not. I’m sure it will take some practice to learn which patterns to trade and which not, but the underlying strategy is clearly very effective, so I think it’s definitely worth the effort.

The key thing I’ve learned is to not immediately discard a trade if the risk/reward ration doesn’t look great at first. If the PRZ is too large and the closest part of the PRZ is not far enough away from the profit target to present a good risk/reward trade then this doesn’t necessarily mean that the trade should be discarded. Sometimes you just have to wait for the price to move further into the PRZ until it offers a better risk/reward ratio. Dustin explains this in his trade example videos.

Is it worth the price tag? I’ve reviewed enough forex product to know that nothing good ever comes cheap and I think it applies again in this case. To me the core of this program is the Trade Finder and if you take into account that you get 12 months of access to it (in addition to all the other course modules), I think their introductory price offers good value. I personally have never spent this much on a forex product, but in the end I dediced to jump on this one because I truly believe that it’s a good long term strategy to invest in. Once, I’ve had some experience with the strategy I will definitely start writing about my trades in the weekly newsletter.

CLICK Here to Buy Elemental Trader and Get My $200 Trade Manager Bonus

My Exclusive Elemental Trader Bonus

While testing the Elemental Trader system over the past couple of weeks I found that managing the trades can be a bit tricky, especially to those who are new to manual trading.

Firstly, when you place your trades you need to work out the correct lot size to use based on your stoploss and the percentage of your balance that you are willing to risk on the trade. This can be a little complicated to work out at first and it can also waste valuable time when you want to get into the market quickly.

Secondly, there are certain things you have to do to manage your trades once you are in the market. The Elemental Trader team recommends that you close half of your lots and move the stoploss on the other half to breakeven once your trade is in profit by a certain amount. This is a manual process, so in order to do this you have to monitor your open trades continuously and perform the above actions when the target price is reached. This is a very profitable trade management method, but it can be very inconvenient when you are unable to constantly keep an eye on the charts, especially when it’s in the middle of the night.

So I decided to develop a Metatrader Expert Advisor (ie. forex robot) to help me manage my trades for me. I paid a professional programmer $200 to develope this EA for me and it currently has the following features:

1. You enter the stoploss and % you are willing to risk on the trade and the correct lot size to use for the trade is displayed on your screen. The EA will automatically take your Account Balance, account type and other variables into account to calculate this.
2. You enter the price at which you want to close half your lots and once the target price is reached the EA will automatically close half the lots of every open order you have.
3. You enter the price at which you want to move the stoploss on your open orders to breakeven and once the target price is reached the EA will automatically move the stoploss on all open orders to breakeven.

I’ve been testing this EA for the past couple of days and it’s a great time save. I can step away from the computer and have the peace of mind that my trades will be managed according to my rules if the price makes a move while away.

See the screenshot below for an example of what this EA shows on the screen etc:

So, here’s deal..

As you may know, I earn a commission for every sale of the Elemental Trader program I generate. So I decided to offer this EA as a bonus to anyone who buys the Elemental Trader program via my link. This is no worthless bonus that has nothign to do with Elemental Trader like so many others are offering..it’s an automated tool that I designed specifically to help you with your Elemental Trader trading. It will save you time and ultimately make the process of trading this strategy a lot easier. You will also be entitled to lifetime upgrades of this EA if any new features are added to it.

All you have to do to get this bonus is to click on the links below when you are ready to make your Elemental Trader purchase and I will send you your bonus once Elemental Trade launch is finished at the end of this week.

Important Note: If you already purchased Elemental Trader after using one of my links, don’t worry – you will automatically receive my EA a week or so from today.

CLICK Here to Buy Elemental Trader and Get My $200 Trade Manager Bonus