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- Trading System Test: 3 Ducks Trading System
- Forex - 3 Ducks Trading | Algorithmic Trading | Moving Average
- 71#3 Duck's Trading System
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My results from trading this system may not be of great benefit to you, as I say every trader will trade it their own way - stops, targets, enteries, pairs etc. Is there any clear advantage to using a 5min chart as your short-term chart? It seems to me that 5min could introduce a huge amount of noise on the charts. Will there be a clear advantage? Another point, after you use this system or guide as I like to call it, you get a feel for the currency pair, therefore if you suspect the pair is in a tight choppy range - simple chose another pair to trade the system on or dont trade until things become clearer.
BTW I would have been looking for buying oppertunities, its has now gone up over pips. The trade was successful. So I think to get the best out of the system you need to get some experience using in in a live market, demo account get the feel for it and make it your own. I personally prefer the 3 charts. So we where looking to short this pair at some point when prices crossed below the 60 period sma on the 5min chart step 3. We got the green light when prices dropped down to 1.
Our target was suggested at parity - 1. Well done Eric, your job is safe for another week! Here is how the trade looked:.
We like to use it with our own market knowledge and view it as a common sense approach to price observation. Just read your thread and tried your methodology, works pretty nice… well done. Very useful to have the trade charts Captain. If you are going to make this a regular feature I very much look forward to following along. I think I even said similiar on the Captain Currency blog. Typical Friday afternoon type of trading - not much happening!
I will continue next week and see how it goes. Glad to hear you had success with The 3 Ducks Trading Systems, well done, but just make sure you understand and follow the rules.
- The 3 Duck's Trading System.
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I know from past experiences that a trader might overlook some of the rules and this can cause problems futher down the road as he is bascially trading something different to me and others that follow the system. Dont change the bones of the system. I dont think I was misreading the signals. I maybe confused with the pairs. Just to be clear, I was taking trades when the price on all 3 time frames was on the same side of the line.
These trades were only open for minutes rather than hours. Maybe I was lucky Thursday and Friday. Thanks Tess agreed, Bocajunior - not picking on you: , yes you could have been buying a few times when prices where going higher above the ma on the 5min chart - thats not really how I would trade the system, I like to get in on the first move - so to speak. Hope that helps a bit. A good place to buy was on the small pullback after it broke the high, stop-loss at the last low and the target at the highs. Straight forward enough!
Trading System Test: 3 Ducks Trading System
Free Forex Trading Systems. How it works: Step 1 - First Duck 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 the 60 sma. Captain Currency.
PS: There are some chart examples on my homepage that may help you. Can Triple screen trading be used in a trend following setup. Looking for help in strategy. Trading Progress. How to grow your own trading plan. New in trading looking to apply a strategy. I lost 10 pips per day by using a trend strategy, why? Platform Choice?
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Technical vs Fundamental vs Sentiment. New traders, why do you want to day trade? New and Improved version Holiday season giveaway. Open-source script In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it.
Forex - 3 Ducks Trading | Algorithmic Trading | Moving Average
Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart. TradingView EN. Trend Analysis Moving Averages forexsignals forextrading strategy. The 3 Duck's Trading System from Babypips. Open-source script.
71#3 Duck's Trading System
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Want to use this script on a chart? Remove from favorite indicators Add to favorite indicators. I should note a typo, in the explanation for Duck 3, I said 5 min 60 sma below, it should be above.
You can call higher time frame SMA's as security tickerid, '', sma close,60 as it will be the actual number and it could vary from what you have there. Thanks for the info, I'll get on revising that soon.