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3 ducks trading system ea

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3 ducks trading system ea

The system will help you identify buying opportunities in the direction of the last uptrend and selling opportunities in the direction of the last downtrend. There are three ducks, the first duck will help you to identify the last up or down trend, the second duck helps system confirm ducks direction of the trend and the third duck system help to identify buying or selling opportunity in the direction of the trend. This system involves using three different timeframe, a 4 hour chart first ducka 1 hour chart second duck and a 5 min. A 60 period simple moving average is applied to all three timeframes. The first thing we need to do is look at our largest time-frame 4hr chart and see if current prices are above or below trading 60 sma. From this chart we can see that current price is above the 60 sma. This tells us that we maybe looking to buy. System second thing we need to do is drop down to our system chart. We need to see the current price above the 60 sma on this chart also, this gives us confirmation. If the current price was to system below the 60 sma on this chart we could not move on to step 3. From step 1 and 2, current prices need to be above their 60 sma's on each chart. We are now on the 5 min chart and we are looking to buy when price crosses above the 60 sma. For extra confirmation we should let prices break system last high on the 5 min chart. This would mean that trading will be above their 60 sma on all 3 time-frames, therefore all 3 Ducks are lined up in the same direction. This is where you can make this system your own. Ducks you are a short term trader you may want ducks put your stop-loss below the lows on the 5 min or the 1 hr chart. If you are more of a positional trader you may wish to put your stop-loss above a low on the 4 hr chart. You could also ducks a fixed stop-loss, maybe pips or more from entry. It all depends what type of a trader you trading, so you decide! If you are trading longer term trader or investor, this system can help you get a good entry point into the market. Another "trick" that may help you preserve capital, if you do buy and prices get back below the 5 min 60 sma by 10 pips not a good sign you may want to cut your losses short before your stop-loss. But if you are a longer term trader this may not be ducks big deal for you. I like this trading a lot as it does not try to out-guess the markets movements and pick tops and bottoms. The system will quickly tell you to be a buyer or a seller. The best time Ducks found for trading trading system is ducks European and US sessions. I like to use this system as a guide in addition to my own market knowledge. Take care to watch what is going on around you - economic new releases, holidays etc. Good Luck with the 3 Duck's Trading System. To get your free copy of trading ebook, Email: Share your opinion, can help everyone to understand the forex strategy. Trend following Forex Strategies. Write a comment Comments: Trend system Forex Strategies System - Forex Strategies - Forex Resources - Forex About Privacy Policy Sitemap VAT This website uses cookies. Cookies improve the user experience and help make this website better.

The 3 Duck's Trading System

The 3 Duck's Trading System

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