When it comes to Forex trading, it is not uncommon for new systems to pop up online on a weekly basis. Although the majority of these systems are not worth a second glance, one service has stood out from the crowd mainly due to its unique trading model. The system is called ProsperaTrade, and it although it is relatively new to the market, it has already shown some very impressive performance figures since 2008.

ProsperaTrade is very different than other forex trading systems in that it doesn’t issue trades based on the price of a given currency pair. Instead trades are issued based on TIME. What exactly does this mean?

Each weekend, trades for 10 currency pairs are posted in the members area of the ProsperaTrade website. These trades tell you exactly what day and time to enter the market for each pair, and what exact time day and time to exit the market for those same pairs. This is a swing trading system so the Forex signals posted on the weekend are for the entire upcoming week.

For example, a typical signal will say EUR/USD - LONG - ENTRY: 2009.07.20 09:00 EXIT: 2009.07.24 15:00

In this example, the system is saying to buy the EUR/USD pair on July 20th at 9AM EST and exit the trade on July 24th at 3:00PM EST (the signal time use the 24 hour clock).

Since trades are issued for 10 currency pairs, the entry and exit times vary from pair to pair, and from week to week. On average there are around 1-3 trades per week for each currency pair.

Since manually trading this type of system would require a person around their computer for each entry/exit time - even getting up in the middle of the night - ProsperaTrade has developed an automated trading EA for MetaTrader 4 that automatically opens/closes the trades for you. This means you simply enter the trade signals into the EA on the weekend (10 minutes) and then leave the MetaTrader software open and running on your computer or VPS. The software will take care of the rest for you. Simply come back at the end of the week and check your account balance while setting up the trades for the next week.

Since ProsperaTrade’s trading methodology is unlike anything else currently on the market, it certainly raises the question, “How is it possible to predict the market like this?” Although ProsperaTrade is pretty tight-lipped regarding the inner workings of the system, they do explain a little about it on their website.

The backbone of the system is their Time Trading Technology (TTT) which is a complex series of algorithms that aims to predict when the turning points will occur in the market on a weekly basis. The technology uses a vast amount of past market data to analyze cycles and patterns that occur and are likely to occur at certain times in the future.

They are currently about 75% accurate in getting the general direction of the week correct for any given pair, so their model is definitely working. Although 2009 has proven to be a very volatile and difficult market to predict for the majority of traders, Prosperatrade had a stellar year and continues to show consistent profits, even in the toughest market conditions. Taking the long-term picture into consideration, ProsperaTrade’s number are looking very good, with the system gaining over 42,000 Pips since it opened to the public in March, 2008. If you traded just one standard lot for each trade, that would result in a gain of over $420,000!

Although that may seem too good to be true, you have to consider that they don’t recommend trading 1 standard lot unless you have at least a $50,000 trading account, according to their money management suggestions. However, you can trade the system with micro lots (100 times less than standard lots) with as little as $500 to start, or mini lots with as little as $5000 to start. There are very few systems that offer the type of performance numbers ProsperaTrade does, giving traders the potential for great profits even when trading micro or mini lots.

The graph on the right shows an example of how much money you would have made had you started with $500 in March, 2008, and compounded your profits weekly.

We ran the number ourselves and they are accurate — $500 could have been turned into over $295,000 in 18 months. Click on the graph to learn more about how these profits were calculated.

Whether you are a seasoned trader or a complete newbie, ProsperaTrade could be a great addition to your portfolio and may even prove to be one of your biggest money makers. The impressive performance history coupled with the ability to fully automated the system, makes ProsperaTrade our top recommendation.

If you are interested in learning more about ProsperaTrade, simply visit their website by clicking here.

There is a 1 week trial offered which allows you to test the system out on a demo trading account. This means their is absolutely no risk on your part. The setup process is very simply and takes only about 15 minutes.

Furthermore, if you choose to continue past the trial, they are offering a 50% discount on the subscription rate if you open a new trading account through their recommended broker, FXCM. Since their is no cost on you part to do this, it may be worthwhile to get the extra savings.

To visit the website click the button below. As always, we’d love to hear your feedback on this system, so please do come back and post your comments on our blog. We will be continuing to follow ProsperaTrade in the months ahead and will try to post updates from time to time in the blog area.

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