Forex Trading System Mechanical Trading System 4 - Share a ridiculously simple trading system
As you know, bestforexrebaterates already cashbackforexreview all the components to build a good trad cashback forexg HowForexRebatesWork First, we decided to build a swing trading system We will use the daily chart to trade Next, we use the Simple Moving Average to help us Next, we use the simple moving averages to help us catch new trends as early as possible. The stochastics help us determine if we can enter a trade after the moving averages cross, How Forex Rebates Work in addition, it helps us avoid short selling and short buying areas. Usually, the longer the time frame, the more risk you are willing to take, premiumrebateforexcause your returns will be higher than for shorter time frames. When you do a backtest, you record your entry price, stop loss and exit strategy and then you move forward one K line at a time to see what kind of trade is going to be presented in this particular case, you can be quite profitable! You can buy yourself something nice at the end of the trade. You find that the moving averages intersect in the opposite direction, and a good time to leave the market appears. Of course, not all trades will be so tempting. Some trades turn out to be very bad, but you have to remember to follow the principles and stick to the trading system. Our conditions are met, we are going to enter short. We are going to record the entry price, stop loss and exit strategy, and then move the chart forward one K-line at a time to see what happens. You may think that this system is too simple to be profitable in fact, it is indeed simple you should not be intimidated by simplicity in fact, in the trading world there is something with the acronym KISS it stands for KeepItSimpleStupid it means that a trading system does not have to be complex you do not need to lay multiple indicators on your charts in fact Keep it simple and you wont have too many headaches The most important thing is the principle We cant stress this enough Okay, we can do it You have to stick to your trading system all the time! If you have thoroughly tested your system through backtesting and have been trading on a live demo account for no less than two months, you are confident enough to believe that if you follow the principles you set, you will eventually make a profit.