I am just someone like you who is looking for the best trading system. The only systems I have found to be profitable are 2 or 3 that cost around $100. But I started this thread so that everyone can post their opinion and results if they have any of the best trading system.
The whole idea of trading is creating a good strategy. You can use your mix of indicator and create your own expert advisor�or you can try one from somebody else. But the key in strategies is to be comfortable with your system and your rules.
You can use your mix of indicator and create your own expert advisor�or you can try one from somebody else. But the key in strategies is to be comfortable with your system and your rules. In my case I follow three simple rules and play with envelopes and moving average.
Do not enter a trade when the price is within the band. A trade is signaled only when the price moves outside the band. The general policy is to go long when the price is above the band, and to go short when the price is below the band. In the figure above we can see the entry point pointed out by a circle.
For confirmation; don�t trade when the 15 exponential moving average is flat. Only trade when the 15 exponential moving average starts rising or falling in the direction of the trade.
A widen historical analysis has shown that the most secure and save way to trade in this strategy is fixing a target of 144 pips which can be change depending in how much you like risk.
When I found this strategy I try it just to learn about envelopes. But after a while I felt in love with this thing. I have tried some other strategies and any of them have worked for me; even when they seemed really profitable. The successes of a strategy depend on the confident you get from it when taking a decision.