Boston, Massachusetts (PRWEB) January 17, 2013
Retail forex traders will know from practically thousands of trading hours and billions of dollars worth of losses, that even the most profitable, most consistent trading strategy will lead to an overall loss over time. Forex traders the world over have long believed in the myth that a profitable trading strategy is paramount to success in forex trading, but nothing could be further from the truth.
Forex trading is only as profitable as the underlying risk management strategy in place that controls drawdown in periods of losses, and safely extends profits in periods of consistency. Because such a large segment of the retail trading community tends to focus on the 'trading' strategy alone, focusing more on timing entries over timing exits, the vast majority of retail accounts worldwide tend to approach negative almost 9 out of 10 times, much to the delight of brokerages that provide trading facilities to said retail forex traders.
ITM Financial's core focus has always been Intelligent Risk Management via Neural Networks and Automated Elliott Wave Algorithms. With the inevitable rallies, aggressive corrections and sideways movement seen in Q4 2012 and now in Q1 2013, there couldn't be a better time for them to release their latest developments in Automated Risk Management.
A new series of algorithms developed by the team at ITM Financial now trail stops using core Elliott Wave principles. This allows traders to stay in their trades with a much higher degree of confidence, even when the trade may initially experience temporary drawdown. Stops are trailed using Ralph Nelson Elliott's famous 5-wave Impulse or 3-wave corrective approach, allowing for High Reward profit accumulation over the short, medium and long term.
ITM Financial CEO Curt Dalton, said: "This algorithms hold a lot of potential for the stock market software we have coming out as well as for worldwide stock markets."
ITM Financial is a new breed of forex signal providers. They are based out of Boston, Massachusetts. ITM Financial uses proprietary Neural Network powered Algorithms for studying social signals on the Internet for investment ideas. All 3rd party verification is done by MyFxbook.com, an industry leader in public documentation for financial institutions (both individual and corporate).