- July 26, 2023
- Posted by: Forex Wiki Team
- Category: Forex Trading System
Trade Assistant GS Review
As an expert in forex trading, I understand the value of having a reliable, accurate, and efficient trading system at your disposal. One such trading system that has been making waves in the forex market is the "Trade Assistant GS," a system designed and introduced by a proficient trader and Youtuber known as Hollywood the tradeking.
In his Youtube video, Hollywood, with his typical exuberance and a sense of joy, goes through the Trade Assistant GS system in great detail, explaining not only the system's principles but also demonstrating how to use it in actual trading scenarios.
Trade Assistant GS: A Breakdown
The Trade Assistant GS system revolves around specific visual signals on the forex chart, represented by different stars and hand gestures. The red star signals a potential market reversal for a sell position, while the grey star indicates a possible reversal for a buy. These stars must appear near 'royalty lines,' which Hollywood refers to as the strongest areas to take a trade. A hand gesture following the appearance of a star is the entry signal to either buy or sell.
According to Hollywood, the crux of a successful trade using this system lies in the star's position concerning the royalty lines. A star appearing exactly at or near the royalty line, followed by the entry signal, is the ideal setup for a trade.
However, not every signal should be acted upon. Trades that fall into 'no-man's land,' or are slapped in the middle of the day, are usually avoided due to the high spreads and other market factors that can adversely affect the trade's outcome.
Best Brokers List
Trade Assistant GS works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
This Trading System will knock your socks off:
Reversal and Trend Trading
Hollywood emphasizes that the Trade Assistant GS system caters to both reversal and trend trading styles. When trading with the trend, the trend lines become of particular importance. These trend lines can either auto-refresh or be manually managed, depending on the trader's preference.
By taking trades at the trend line, especially sell trades, traders can capitalize on significant pip gains as the price action moves down along the trend line. However, the key to successfully implementing this trend-based trading strategy lies in patience and accurate trend line placement.
Info Map and Risk Management
The Trade Assistant GS also provides a convenient 'Info Map' feature. This provides traders with essential information about the currency pair they're trading, such as broker time, time frame, spread, open positions, total pips, and profits for the specific currency pair. It also offers contact information for direct communication with Hollywood for any questions or concerns.
The system also advises traders on proper risk management. The stop-loss for trade should always be placed above the star, which serves as the signal for trade entry. Furthermore, traders are urged to adjust their lot sizes to suit their risk tolerance.
Trading Results and Accessibility
According to Hollywood, the Trade Assistant GS system has delivered impressive results. Starting with a trading account balance of $300 and taking small lot trades between $0.10 and $1, his return on investment (ROI) was 200%.
The Trade Assistant GS is available for a one-time fee of $195. It provides lifetime updates, access to a telegram group for live support and discussion, and regular strategy update videos to enhance trading proficiency.
Conclusion
Trade Assistant GS, with its unique features, is a promising trading system for both novice and experienced forex traders. Whether you're a trend trader or a reversal trader, the system offers a comprehensive toolkit to navigate the forex market with increased confidence and accuracy.
Download Trade Assistant GS
Please try for at least a week an XM demo account. Also, familiarize yourself with and understand how this free forex tool works before using it on a live account.
Disclaimer: Trading in the forex market involves substantial risk and may not be suitable for all investors. The information provided in this article is for educational purposes only and should not be considered financial advice. It is essential to conduct independent research and consult with a professional financial advisor before making any investment decisions.
