# Post Your Free Forex Trading System Here!

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Stochastic indicator (settings: 8,3,3 where %k =8). I use the stochastic indicator to inform me when to enter a trade and when to exit.

100-period exponential moving average (MA) or EMA (100). I use the moving average as my trend indicator. The gradient of the MA curve tells me if the trend is up or down.

Daily chart for any currency pair

Price action itself.

### How it works

Essentially, we look to place a SELL trade only when price itself is below the MA(100) line and similarly, only look to place a BUY trade when price is above the MA(100) line. With this system if this first condition is not met, there is simply no trade. A major rule of successful trading is to follow your system. A good system has rules or conditions for a reason, and they are normally there to minimise risk and maximise gains, so obey them.

So, once the MA condition is met, we then wait until the fast stochastic line (the dark blue line in my template) crosses the slow stochastic line (the light blue line). However, we only enter a trade when the stochastic is at a value between 20 and 80. Once we are in a trade we look to exit the trade when the stochastic lines cross again, ideally at the other end of the indicator channel. I tend to find the best trades are when the stochastic lines are leaving the oversold/overbought regions of the indicator channel, ie crossing up from under 20 and crossing down from over 80.

### Sell Trades:

1. Price must be below the EMA(100) line. Furthermore at least the previous candle must have closed below the EMA. As you will notice price does not cross the EMA very often, when it does it is quite significant and normally implies that a change in the trend is imminent. Therefore, as we want to minimize trading risk, we wait until price is established below the EMA.

2. Once the first condition has been met, we now focus on the stochastic indicator. The fast stochastic line must have crossed over the slow stochastic line from above and it must be between 20 and 80. If the cross has occurred between 100 and 80, we must wait until the stochastic crosses the 80 line.

3. Once the stochastic criteria have been met, place a sell trade at the opening of the very next daily candle.

4. Place a stop loss 150 pips above the entry price. If you are trading a more active currency pair like the GBP/USD, where price swings can be large, the stop loss should be at least 200 pips. Remember you are dealing with the Daily charts, not the 1H or 15M charts so the stop loss level needs to be appropriate for the time frame used.

5. Assuming that the trade is moving with the trend in the anticipated direction, price at some point will hopefully show a gain of +100 pips. When this has occurred, move the stop loss position to the entry price, to ensure the remainder of the trade is risk free.

6. Close the trade at the end of the daily candle when the 2 stochastic lines cross once again. For a trade close-out, it does not matter where the two lines cross on the stochastic indicator channel.

7. Congratulate yourself on a successful trade.

2. Once the first condition has been met, we now focus on the stochastic indicator. The fast stochastic line must have crossed the slow stochastic line from underneath and it must be between 20 and 80. If the crossover has occurred between 0 and 20, we must wait until the stochastic crosses the 20 line.

3. Once the stochastic criteria have been met, place a buy trade at the opening of the very next daily candle.

4. Place a stop loss 150 pips above the entry price. If you are trading a more active currency pair like the GBPUSD, where price swings can be very large, the stop loss should be at least 200 pips. Remember you are dealing with the Daily charts, not the 1H or 15M charts, so the stop loss level needs to be appropriate for the time frame used.

5. Assuming that the trade is moving with the trend in the anticipated direction, price at some point will hopefully show a gain of +100 pips. When this has occurred, move the stop loss position to the entry price, to ensure the remainder of the trade is risk free.

6. Close the trade at the end of the daily candle when the 2 stochastic lines have crossed once more. For a close-out, it does not matter where the stochastic lines cross on the stochastic indicator channel.

7. Congratulate yourself on a successful trade.

I mean 100% Free Info's not redirecting others to your blog, site, pay sites, robots and the like.

Let's be human for once and help each other.

God bless to All!

### Here is mine from linden's court.

### Components

### This system is a very simple trading tool and can be adapted in any way to suit your own trading. My key elements are:

Stochastic indicator (settings: 8,3,3 where %k =8). I use the stochastic indicator to inform me when to enter a trade and when to exit.

100-period exponential moving average (MA) or EMA (100). I use the moving average as my trend indicator. The gradient of the MA curve tells me if the trend is up or down.

Daily chart for any currency pair

Price action itself.

### How it works

Essentially, we look to place a SELL trade only when price itself is below the MA(100) line and similarly, only look to place a BUY trade when price is above the MA(100) line. With this system if this first condition is not met, there is simply no trade. A major rule of successful trading is to follow your system. A good system has rules or conditions for a reason, and they are normally there to minimise risk and maximise gains, so obey them.So, once the MA condition is met, we then wait until the fast stochastic line (the dark blue line in my template) crosses the slow stochastic line (the light blue line). However, we only enter a trade when the stochastic is at a value between 20 and 80. Once we are in a trade we look to exit the trade when the stochastic lines cross again, ideally at the other end of the indicator channel. I tend to find the best trades are when the stochastic lines are leaving the oversold/overbought regions of the indicator channel, ie crossing up from under 20 and crossing down from over 80.

### Sell Trades:

1. Price must be below the EMA(100) line. Furthermore at least the previous candle must have closed below the EMA. As you will notice price does not cross the EMA very often, when it does it is quite significant and normally implies that a change in the trend is imminent. Therefore, as we want to minimize trading risk, we wait until price is established below the EMA.2. Once the first condition has been met, we now focus on the stochastic indicator. The fast stochastic line must have crossed over the slow stochastic line from above and it must be between 20 and 80. If the cross has occurred between 100 and 80, we must wait until the stochastic crosses the 80 line.

3. Once the stochastic criteria have been met, place a sell trade at the opening of the very next daily candle.

4. Place a stop loss 150 pips above the entry price. If you are trading a more active currency pair like the GBP/USD, where price swings can be large, the stop loss should be at least 200 pips. Remember you are dealing with the Daily charts, not the 1H or 15M charts so the stop loss level needs to be appropriate for the time frame used.

5. Assuming that the trade is moving with the trend in the anticipated direction, price at some point will hopefully show a gain of +100 pips. When this has occurred, move the stop loss position to the entry price, to ensure the remainder of the trade is risk free.

6. Close the trade at the end of the daily candle when the 2 stochastic lines cross once again. For a trade close-out, it does not matter where the two lines cross on the stochastic indicator channel.

7. Congratulate yourself on a successful trade.

### Buy Trades

1. Price must be above the EMA(100) line. Furthermore at least the previous candle must have closed above the EMA. As you will notice price does not cross the EMA very often, when it does it is usually quite significant and normally implies that a change in the trend is imminent. Therefore, as we want to minimise trading risk, we wait until price is established above the EMA.2. Once the first condition has been met, we now focus on the stochastic indicator. The fast stochastic line must have crossed the slow stochastic line from underneath and it must be between 20 and 80. If the crossover has occurred between 0 and 20, we must wait until the stochastic crosses the 20 line.

3. Once the stochastic criteria have been met, place a buy trade at the opening of the very next daily candle.

4. Place a stop loss 150 pips above the entry price. If you are trading a more active currency pair like the GBPUSD, where price swings can be very large, the stop loss should be at least 200 pips. Remember you are dealing with the Daily charts, not the 1H or 15M charts, so the stop loss level needs to be appropriate for the time frame used.

5. Assuming that the trade is moving with the trend in the anticipated direction, price at some point will hopefully show a gain of +100 pips. When this has occurred, move the stop loss position to the entry price, to ensure the remainder of the trade is risk free.

6. Close the trade at the end of the daily candle when the 2 stochastic lines have crossed once more. For a close-out, it does not matter where the stochastic lines cross on the stochastic indicator channel.

7. Congratulate yourself on a successful trade.

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