Category: 3. Own Trading System

Creating Your Own Mechanical Trading System

There are many systems out there that work, but many forex traders lack the discipline to follow the rules and as a result, still end up losing money. Your mechanical trading system should attempt to accomplish two goals: Be able to identify a trend as early as possible. Be...
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The “So Easy It’s Ridiculous” Trading System

As you can see, we have all the components of a good forex trading system. First, we’ve decided that this is a swing trading system and that we will trade on a daily chart. Next, we use simple moving averages to help us identify a new trend as early as possible.The Stochastic help us determine if it’s still...
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What Time Frame Should You Trade?

What time frame should you trade your system on? The smaller the timeframe, the more difficult it is to develop a successful system. In other words, developing a system to trade on a 5-minute chart is more difficult than developing a system that trades on a daily chart. There...
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Build Your Trading System in 3 Steps

Now that you’ve learned the basics of technical analysis. Let’s now combine all this information and build a simple trading system. This should give you an idea of what you should be looking for when you develop your own forex trading system.This system is moving average crossover system, which uses moving...
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Design Your Trading System in 6 Steps

The main focus of this lesson is to guide you through the process of designing your own forex trading system. While it doesn’t take long to come up with a system, it does take some time to extensively test it.So be patient; in the long run, a good forex trading system can...
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How To Create A Mechanical Trading System

So far, we’ve taught you how to develop your trading plan. We’ve also discussed how important it is for you to discover which type of forex trader you are. Now it’s time to teach you how to add some meat to your thin trading plan by showing you how to...
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