Two systems were neck and neck in the race to bag the title of the Best Forex Trading System for the month of June, but there can only be one winner.
Ladies and gentlemen, let’s give it up for the 3 Little Pigs Trading System by harmonicphil!
The 3 Little Pigs makes use of multiple time frame analysis to enter swing trades in the direction of the weekly, daily, and 4-hour charts. As far as indicators go, it’s pretty simple. It uses different SMAs to determine market direction and trade entries, while stop loss placement is based on the 14-period Average True Range.
According to harmonicphil, he was introduced to the 3 Little Pigs system by a friend. After conducting his own backtests, he decided to dive right in and trade it on a live account. Harmonicphil claims that it works across 8 different currency pairs and personally risks just 1% of his account on each of his trades.
Once again, let’s give a round of applause for harmonicphil! For winning the contest, he will receive the following goodies:
Aside from getting a spot in the Best Forex Trading System (BFTS) Hall of Fame, The 3 Little Pigs Trading System will have the spotlight on the homepage badge for every being in the forex world to witness its awesomeness.
On harmonicphil’s behalf, we will donate $50 to a charity you choose among the BabyPips.com Golden List of Charities. Last but not least, a mechanized version of the system will be made and backtested to see how it fares against the Robopip Standard for Mechanical Systems.
Do you want to have a chance to win those prizes for yourself? Then head on over to our forums and submit your entries for July’s Best Forex Trading System Contest! Just make sure you follow the official rules and regulations to be qualified.
Good luck, dear earthlings!