3 little pigs forex review

I was amused when I had Forex Gump explained to me the story of the Three Little Piggies and the Big Bad Wolf. It makes use of simple moving averages on three different time frames in order to establish a trend.

Last week, I mechanized the system to give an easier method to calculate stop loss point. In addition to the backtest results, here are the scores for the system, which I graded using the Robopip Standard for Mechanical Systems. I must say that I am pretty impressed that with the results of the system. After mechanizing it, the system generated a profit of This just goes to show that even if you win just half the time, if you have a great reward-to-risk ratio per trade, you can come out ahead.

After all, it is a trending system and it did do a good job of giving enough breathing space to allow trades to capture a majority of a trend. According to the stats, the system did not lose more than 1. In addition, the system cut its losses short, as the average losing trade was only at 0. There are systems out there that are profitable but have an extremely low win rate, which can take a toll on human emotions.

The system uses multiple time frames , so a newbie forex trader might have a hard time trading the system.

System Review: 3 Little Pigs Trading System - renyropebow.web.fc2.com

On top of that, a different moving average is applied to each different time frame. You have to look at the weekly, the daily, and the 4-hour chart before you enter a trade.

The stop has already been simplified but it can be a chore to place too. For each trade, you have to look at the current value of the 34 SMA and then subtract 20 pips from that. In addition, you must use a trailing stop. It can be problematic if a wrong buy or sell order is placed.

Other than that, I really like the system since its pretty profitable. He is rich or poor according to what he is, not according to what he has. We introduce people to the world of currency trading, and provide educational content to help them learn how to become profitable traders. We're also a community of traders that support each other on our daily trading journey.

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BabyPips The beginner's guide to FX trading News Trading. How to Trade Forex Trading Quizzes Forex Glossary. July 24, 1: Partner Center Find a Broker. On my planet far, far away, it's all about the pips.

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