If you have any questions or comments, please let me know! For the thread and more info on the 3 Duck's Trading System click here How does it work? Please do read the information below as well, especially if you are new to Forex.
1: No empty news articles without analysis
General spirit of this rule: If you're really only posting here to bring attention to yourself or your site, regardless of the context or how "free" the content is, you shouldn't post it here. Content marketing is not allowed. Advertising trading contests is not allowed. This includes posts that state "PM me for details". No insults or attacks of any kind. Abusive posters will be banned. We don't care if they called you names first; report the abuse to us and we will deal with the offending party getting into a name calling spat will likely just get all parties involved banned.
Want to post a trade? Users posting empty trades will find them removed. You must be willing to explain your analysis and reasoning for the trade. Please do not ask for trading advice. Do your own analysis. There are a plethora of subs devoted to the various crypto topics.
This sub deals with fiat currencies backed by governments. Refrain from discussing crypto. Also, any conspiracy thought about crypto replacing Forex is considered a troll post and will see that poster escorted out. I was introduced to babypips to learn all about forex and such to get an understanding of it and I did learn a bit but I feel there is way too much of it. Should I stick to babypips and read all of it? Are there any other good resources out there? I have a demo account and started doing very minor trades to get hands on practice, but the chart predictions kill me.
You should read all of it and if out what works for you. It's a slow process but in the end it will be worth it. Duck 1 - To go long, price must be above the 60 SMA on the 4 hour chart. Duck 2 - To go long, price must be above the 60 SMA on the 1 hour chart. Duck 3 - To go long, price must cross above the 60 SMA on the 5 minute chart and the 60 SMA of the 5 minute chart must be below that of the 4 hour and 1 hour chart.
I say this because I have already charted all of the Ducks into the 5 minute chart so you don't have to flip back and forth. I have also added some inputs for profit targets, stop targets, trailing stops and times to trade for backtesting. If you have any questions or comments, please let me know! Users can input specific times they want to backtest.
User's can configure profit targets, trailing stops and stops. Default is set it to was pips profit target with a 40 pip trailing stop.
Note, when you are changing these values, please note that each pip is worth 10, so pips is entered as The Cowabunga System from babypips. The author, Pip Surfer, continues to post wins and losses with this system.