Ilzalama has been working on this system for five years. He has been lurking the forums for a while now, but he feels it’s finally time to share his secret with the forex community.
“What’s the Trend Runner system like?” your squishy human brains may be wondering. Well, it makes use of the 4-hour chart to generate swing trades, though its creator says that higher time frames work just as well.
As its title suggests, it’s a system designed to help you jump on trends and catch mid-term swings. It’s one of the most versatile systems out there. According to ilzalama, it should work on just about any forex pair. He likes to use it on EUR/USD, AUD/USD, GBP/USD, USD/CAD, USD/CHF, EUR/JPY, and GBP/JPY, but he claims you can also trade it with stocks, commodities, and CFDs!
To trade this system, you’ll have to put up quite a few indicators. The 200 SMA is used to determine the overall trend, while the Supertrend indicator is used to confirm the trend. You also have to look at Support and Resistance (Barry) for your exit levels. Below is how your chart should look like once you’ve got the system up and running:
One of the unique features of his trading method is his strict and detailed money management system that requires you to move your stop as the market moves in your favor. In fact, the creator says you can limit your risk and secure at least 10% of the overall move with his strategy!
Congratulations ilzalama! For winning the contest, you will be treated to the following prizes:
- A spot in the Best Forex Trading System (BFTS) Hall of Fame.
- The Trend Runner will have the spotlight on the homepage badge for every being in the forex world to witness its awesomeness.
- On your behalf, we will donate $50 to a charity you choose among the BabyPips.com Golden List of Charities.
- I will create a mechanized version of the Trend Runner system and see how it fares against the Robopip Standard for Mechanical Systems.
Thank you to all who participated in this contest by submitting entries and voting. For those of you who weren’t able to get a piece of the fun, worry not because we’re officially launching the Best Forex Trading System contest for the month of May.
That’s right, earthlings! You can now submit your entries and share your awesome trading systems to be included in the May contest. Just make sure you follow the contest rules and regulations and post a link to your system in the Best Forex Trading System: May 2013 thread.