Hey iam from kerjalebah.com, this time i will Speaking of the trading system, there is no perfect forex trading system in the world of trading. I have often been to various forums to searching for the best systems and finally I found the "3 Little Pigs Trading System". This system is very simple but amazingly effective. How is the system? Here I will give you the steps-the steps to use this system. Yuk let's discuss one by one.
Summary Of The System
This system is based on three time frames (time frames) i.e. downloads, daily and 4 hour. The following conditions if you'd like to use this system:
• Use Simple Moving Average (SMA) from 55 at the weekly time frame
• Using a Moving Average (SMA) period 21 on the daily time frame
• Using a Moving Average (SMA) from 34 on a 4 hour time frame
Currency
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You can use this system to pair – namely, the following pairs AUD/USD, EUR/GBP, EUR/JPY, EUR/USD, GBP/USD, USD/CAD, USD/CHF, USD/JPY
Buy/Sell Entry
The following provisions to take the position:
BUY Position
• Price is above HIGH SCHOOL period of 55 at the weekly time frame
• Price is above HIGH SCHOOL from 21 at the daily time frame
• At the close of the next candle, candle touch and then closing above 34 period HIGH SCHOOL on a 4 hour time frame, then you can take buy position.
The SELL Position
• Prices are below the 55 period HIGH SCHOOL on the weekly time frame
• Prices are below HIGH SCHOOL from 21 at the daily time frame, I will go
• At the close of the next candle, candle touch and then closes below the HIGH SCHOOL period 34 on a 4 hour time frame, then you can take a position sell
The following is an example of a sell position-taking on a pair EUR/USD:
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forex trading, forex, forex
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Stoploss
Stoploss is required to limit losses. First, check the indicator of the Average True Range (ATR) from 14 and added to all the 4 hour chart. Second, add the highest level and low level on the ATR (shown at right) and multiply by 25%, and then I put the stoplossnya in up/down 34 HIGH SCHOOL in a period of 4 hours. To clarify I will attach a sample directly to you:
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The image above is a picture of the EUR/USD for the 4 hour time frame and assumes that the price is below 55 HIGH SCHOOL on the weekly time frame and high school 21 on the daily time frame. Price has touched 34 HIGH SCHOOL and was closed under it. The highs and lows of the ATR (14) is 28 and 12 that if added to 40. Then I take 25% of that value into 10 points. To get the Stop lossnya, I add this from the moment the closing value 34 HIGH SCHOOL became 1.33846 (1.33746 + 100).
TARGET
In the Customize with risk and reward ratio of at least 1:1 or use a trailing stop.
Additional Information
Don't ever entry, if one of the timeframe does not comply with the provisions of
Don't forget to place a stoploss
The weakness of the
Not suitable for aggressive traders
It takes patience to entry into the market
Please try this forex trading system in our demo account. If you fit in with this trading system, you could try it on a real account FOREXIMF.com. Good luck, happy trading
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