We found the Holy Grail system! Well, not really. But who knows? One of these five contenders for June’s Best Forex System of the Month contest could be it!
For this month, we have five systems vying for the top spot. Check out the systems in the Trading System of the Month: June thread. Vote for the system you like best in the poll below. Voting will close one week from now.
If you still have no idea what a trading system is, you probably weren’t paying attention to the Mechanical Trading Systems lesson in Junior Year so we’re sending you back to BabyPips.com School of Pipsology!
What’s in it for you?
Remember that the system which gains the most number of votes will be crowned the winner, so make sure you evaluate each system first and vote wisely. Think of it as a practical test or an exercise in backtesting.
For the pros, this could be your chance to participate in the search for the elusive Holy Grail system. You’ll be able to help your fellow traders out and, most importantly, give back to the forex community.
Even though the June contest is almost over, you can still have an opportunity to show of your skills and grab the chance to shine by submitting your own system next month.
For the newbies, the benefits of joining are event greater. For one, it gives you the chance to apply what you have learned in the School of Pipsology. You can finally get to use all those fancy indicators, moving averages, and risk management styles you have spent so much time mastering.
Also think of joining as an exercise in backtesting, as every trading system needs to be backtested to know how its strengths and weaknesses.
Soon to come…
I want to give the winners of the contest more recognition. I’m trying to coordinate with the site developers to have a “Forex Trading System of the Month” badge displayed in the front page that will be put up for one entire month.
I’m also trying to get the winner of the contest to be featured on the BabyPips.com newsletter that goes out monthly. The point of this is to give the winner a sense of pride and maybe even give newbies a starting point for a new system.
You might be wondering why I’m doing this. The thing is, I want our BabyPips.com Forum to be the absolute best out there and the number one resource for trading systems. Hopefully, with a little bit of effort, we can come up with the greatest collection of forex trading systems the Internet has ever seen!
So, I ask you this…
Spread the word!
Tell newbies, professional traders, system-makers, other forex forum users (not only in our site but others), dogs, cats, and your mother about submitting their trading systems in the contest.
It’s going to take some time, but I think we can do it!