A new service for retail investors ~ forex trading system that works
Here is a new low-cost service called Alerts4All that offers technical trading signals for retail investors. You can, for example, have an alert sent to you every time a "Double bottom" pattern occurs.
A much more advanced version of the service will be rolled out soon -- I saw a demo today where you can backtest your strategies online, combining different fundamental and/or technical variables as entry or exit signals. They also have some built-in models for you to adapt (e.g. a model based on The Little Book that Beats the Market by Joel Greenblatt.) More interestingly, you can look at other peoples trading models and their historical and/or real-time performance.
Matlab or Alphacet it is not, but I think it will be quite useful for many retail traders. It might even be useful to professional traders who want a quick-and-dirty way to test out ideas.
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