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10-22-2008, 05:52 PM
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Simple Daily System
Here is a system I have been testing since the beginning of the month. I am 3000+ pips and still running strong. I like this system because you only need to trade once a day (I trade w/IBFX so @ 00:00GMT). I trade most of the pairs (all majors & crosses) offered through them. Here are the details.
Indicators: ADR calculator (use previous 5 day or 10 day - your choice) 50 EMA set to close 5 EMA set to close Long - 5 EMA > 50 EMA & the daily candle closes > 5 EMA Short - 5 EMA < 50 EMA & the daily candle closes < 5 EMA T/P & S/L are based on ADR calculator - either the 5 or 10 day - R/R = 1:1 Last edited by PIP CHASER; 10-25-2008 at 01:01 PM. 
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