About Art of Automation

Art of Automation Author On my planet from far, far away, it's all about the pips. And now that I'm joining the human race here on Earth, I've decided to impart my knowledge of mechanical trading systems to your world. Join me as we find, develop, backtest, and rate different mechanical trading systems that will fit the trading style of newbies and experts alike.

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July 2012

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Vote for June's Best Forex Trading System!

This month, three traders were brave enough to submit trading systems. All three are particularly unique in how they work. Make sure you read through each thread carefully before deciding which one to vote for!

CCI / Coral Breakout

By travelkeon


This system belongs to travelkeon but was submitted by mynameisfez. The system includes less used indicators such as the Coral indicator and the CCI. As the name suggests, it aims to identify potential breakouts on the 5-minute mark and tries to catch decent sized moves.

Interestingly, travelkeon says that the system only generates reward-to-risk ratios of 1:1 and sometimes even less. However, the system apparently wins eight out of every 10 times. It will be interesting to put this to the test should the system emerge victorious.

Cross Around the Clock

By robnreb01


Here is a simple moving average crossover system that utilizes the 12SMA and 24SMA. It also incorporates the RSI and ATR indicators to help generate signals.

One thing to note is that the system does not set any hard take profit targets and instead allows the position to be closed when a trailing stop is hit.

If you're a fan of moving average crossover systems, then be sure to go through this thread!

Daybreak

By pipwoof


What would happen if all we did was go long on a break of yesterday's high and go short on a break of yesterday's low and we held positions until the close of the day? Well, according to pipwoof's stats, we would rack up truckloads of pips!

This is the main concept behind his Daybreak system. It's unique in that it doesn't use any indicators to determine breakouts. It uses the daily chart and has rules simple enough for any noob to follow. If you're interested to learn more about it, just head on over to his forum thread!

So which system do you think is the Best Forex Trading System for the month of June?

Remember, not only will the winning system be introduced into the Best Forex Trading System Hall of Fame, but it will also be featured on the BabyPips.com homepage for an entire month.

And let's not forget, the winning entry gives its creator the right to donate $50 to a charity of his choice, so choose wisely, humans!

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Rating: 4.2/5 (8 votes cast)
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