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Last month, we had two courageous participants in my monthly contest. After a gruesome week of voting, the humans have spoken and it looks like we have a champion.

By a cosmic landslide victory, I now present to you January’s Best Forex Trading System, forum user aidysrpoule’s…

Sproule System!

The Sproule system is a trend-following system that uses a minimal number of indicators. In fact, it only uses the 100 EMA applied to the close on the 1-hour chart.

According to aidysproule, you can use any of the following pairs to trade it: AUD/USD, EUR/JPY, EUR/USD, GBP/JPY, GBP/USD, USD/CAD, USD/CHF, and USD/JPY. To know more about the system, just head on over to aidysproule’s thread.

Below are a couple of sample setups from aidysproule’s the shows how his system works:

Sproule Setups

Congratulations aidysproule, you will now join the likes of johnnkanoo, System 32, and winstonreed in the Best Forex Trading System Hall of Fame! In addition, your system will also be featured on the front page of for the entire month of February!

Next week, I shall return with backtesting results for the Sproule System, along with a final score for the system, graded by yours truly.

I’ve also decided to add a little wrinkle to this month’s contest – I want to know what YOU think about the system and what score is it deserving off. In your humble, human opinion, is it worthy of being named the Holy Grail?

Salutations, earthlings! It’s that time of the month again! As the month draws to a close, let’s take a couple of minutes off to vote for the January’s Best Forex Trading System. This time, we’ve got two well-designed systems going head to head for the throne. Who will come out on top?

1. Trend Catcher by bullish trend

Having traded the Trend Catcher system for 6 months already, forum user bullish trend decided to share his personal trading system with the community. It’s already causing quite a buzz in the forums! He claims it can catch strong moves and bag lots of pips through its use of EMA, SMA, ADX, and Parabolic SAR indicators.

2. Sproule System by aidysproule

Here is another trend-based system that makes use of just one indicator – a 100 EMA. forum user and Sproule System creator aidysproule uses the system on the 1-hour time frame and trades it on almost all the major currency pairs. Aidysproule has even written an expert advisor for it. Perhaps if you vote for the Sproule System, he may just share the EA with you…

I must say, I’m quite excited to see how this contest turns out. I hope I’m not the only one! But remember, you only have until Wednesday, February 1, 2012, to get your votes in! With that, I declare the polls officially open!