The Pipsology "So Easy It's Ridiculous" System

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Hi there fellow traders,

After finishing the 'School of Pipsology' course here at BabyPips.com, I have decided to give the "So Easy It's Ridiculous" system as described in the course a little try out on a demo account.

I haven't really seen anything here in the forums discussing the system, and as most of you have been (or are going through) the course, I thought it would be good to have a thread going that follows the system.

For those of you who haven't read the system rules, here they are:

The "So Easy It's Ridiculous" System

Trading Setup

• Trade on daily chart (swing trading)
• 5 EMA applied to the close
• 10 EMA applied to the close
• Stochastic (10,3,3)
• RSI (14)

Trading Rules

Stop Loss = 30 pips

Entry Rules
Enter long if:

1. The 5 EMA crosses above the 10 EMA and both Stochastic lines are heading up (do not enter if the stochastic lines are already in the overbought territory)
2. RSI is greater than 50

Enter short if:

1. The 5 EMA crosses below the 10 EMA and both stochastic line are heading down AND (do not enter if the stochastic lines are already in oversold territory)
2. RSI is less than 50

Exit Rules
Exit when the 5 EMA crosses the 10 EMA in the opposite direction of your trade OR if RSI crosses back to 50.

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To see the original page on BabyPips.com that describes the system, go here.
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Now, I am a complete beginner to FOREX and trading... so as I post trades and other information, please feel free to correct me or to offer advice that myself and other readers of the thread may find valuable.

I have basically decided to delve into FOREX trading as I am currently finishing off a Finance degree at University and I figure that all the practical knowledge and experience I gain from doing this will be extremely valuable to me in the future.

Alright, happy trading everyone!