Description

Forex Morning Trade is unique in that it is both a manual system and an automated trading product.  The trading package comes with a PDF, an indicator, and an Expert Advisor.  The expert advisor uses the Commodity Channel Index (CCI) and momentum indicators for placing trades.  The system has a stop loss and take profit of 40 pips, maybe not the best risk/reward ratio, but we've surely seen worse.  Having the take profit and stop loss the same, as long as this system wins more than it losses, it will be successful.  It would be very interesting to see if this system can trade other currency pairs to help diversify its trading edge.  To learn more about the system, please see the links below.

MorningTrade.com

The premise for the system is certainly an interesting one.  Everyday the Expert Advisor monitors the market and decides to execute a trade or ignore trading for that day.  With a balanced take profit and stop loss, this process represents one of the ways the system adds to its trading edge.

Conclusion

Our personal take on Morning Trade is that it is a great accompanying Expert Advisor.  The system compliments any trading system by adding another profitable component.  Using this Expert Advisor by itself may not yield enough trades, but combining it with other products helps smooth out total returns.