Vote for August’s Best Forex Trading System!

So what do we have for this month? Well, it looks like we’ve got something for everyone. Whether you’re into breakouts or trend plays, indicators or naked trading, you’ll find something of interest in this month’s submissions. Let’s take a look at them!

a. Breakout System X-treme (BSX) by salt-n-pipper

For those who enjoy trading breakouts but don’t like relying on indicators, forum user salt-n-pipper’s system may just be for you! It works like a charm on pairs that tend to consolidate such as USD/JPY and USD/CHF. Go ahead and try it!

b. The Bollinger Sky Walker by pipballer

Padawans who have a knack for swing trades should give The Bollinger Sky Walker system a go. According to pipballer, applying Bollinger Bands and MACD on the daily charts help you catch huge moves as they begin.

c. The Trend is Your Friend by donnapinciotti

Forum user donnapinciotti came up with a system based on the trading cliche, “The trend is you friend.” Combining the 100 EMA, RSI and candlesticks on the 1-hour time frame, this simple system may just reel you in a handful of pips!

So what are you waiting for? Take your pick!

By voting, you’ll be doing your share in nurturing the development of the BabyPips.com community by providing feedback for your fellow traders. At the same time, you’ll be expanding your trading knowledge. You can learn more about different systems and indicators from the joint experiences of others than you can on your own.

Of course, our ultimate goal is to help each other find the elusive Holy Grail of forex systems. Then we can all just sit back and relax on a hammock in the Bahamas for the rest of our lives!

3 comments

  1. Alexstan2008

    All this systems are entirely possible to automate which allows you to quickly validate if they have and edge or not by doing some quick backtesting. In the past I automated strategies based on the inside bar patterns as well as other trend followers using similar indicators to the ones exposed in system number 3.

    I really apppreciate these productive discussions, system of the month, trade of the week etc. But my personal take about the 3 systems discussed today, they don’t work. 

    The inside bar pattern doesnt offer a significant edge, grab some code do some backtesting and you will see what I mean. Trend followers with EAs and RSI, not either, too late in the action and will kill you in side ways markets.
    The one about the Bollinger bands, cant really say as I havent experimented much with it.

    Reply
  2. Jelena29

    Indicators exchange for validation. I could see the pound against my change in the country. If the book looks set to fall and is a validation of a low correlation of lower prices, improving the chances of your business.

    plus500

    Reply

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