Three trading systems were submitted to May’s Best Forex Trading System Contest, but of course, only one can emerge victorious! Ladies and gentlemen, I present to you last month’s winning system, janpec1000’s Hybrid Scalping System!
The system, which took home 39.13% of all the votes cast, is unique in the sense that it makes use of Ichimoku Kinkyu Hyo charts. In addition to that, the system also incorporates seldom used indicators from other systems, such as the Trading Made Simple (TMS) and the Hopwood 10.2 system, while throwing in some good, old-fashioned price action analysis.
The good news is that if you want to download all the indicators of the funky system for your own use, janpec1000 has consolidated everything into a nice little zip file that you can install into your MT4 trading platform.
After installing everything, your chart should look like this:
Since it is a scalping system, janpec1000 recommends trading on the lower time frames, like on the 1-minute or 5-minute charts. Moreover, he believes that the best pair to trade using the system is EUR/JPY, since it is very volatile on the lower time frames.
If you want to learn more about the Hybrid Scalping System, feel free to stop on by jacpec1000’s thread in our forums.
Once again, congratulations, janpec1000! For winning the contest, he will be treated to the following prizes:
- A spot in the Best Forex Trading System (BFTS) Hall of Fame.
- The Hybrid Scalping System 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.
- A mechanized version of the system will be made and backtested to see how it fares against the Robopip Standard for Mechanical Systems.
With the contest May contest over, I’m officially launching the Best Forex Trading System contest for the month of June. You can now submit your entries and share your awesome trading systems to be included in the June contest. Just make sure you follow the contest rules and regulations and post a link to your system in the Best Forex Trading System: June 2013 thread.