Another Simple System - Profitable Intraday Trading
Hello everyone. It has been a while since we had indicator-based strategies on our site, so it is time to fill that gap. This time we will talk about the highly famous Another Simple System strategy, which gained huge recognition because of its profitability. True to its unpretentious name, this trading system is simple but effective. The key idea is to enter with the trend following price movement, with oscillator filtering. In principle, even a child could trade this system.
Characteristics of the Another Simple System trading system
Platform: Metatrader 4
Currency pairs: EURUSD, GBPUSD
Timeframe: M15
Trading time: London session and the beginning of the American one
Recommended brokers: Alpari, Roboforex
Installation
It is performed according to the standard instructions. Please read the instructions, everything is there.
System composition
- TDI indicator
- Round levels indicator
- Trading sessions indicator
- Heiken Ashi candles
- Three EMA moving averages with periods 10, 200, and 800.
Entry Rules
Buys
- Price must be above the 200 ema
- TDI must be below the 68 level
- To enter a trade, wait for the green TDI line to cross the red one from below upward.
- Wait for a new crossing of price above the 10 ema from below upward
Sells
- Price must be below the 200 ema
- TDI must be above the 32 level
- To enter a trade, wait for the green TDI line to cross the red one from above downward.
- Wait for a new crossing of price below the 10 ema from above downward
Stop Loss and Take Profit
The stop loss is fixed at 20 points. You can increase or decrease its size if you want. I advise not to wait for the full stop to trigger, but to exit when the TDI crosses against the trade.
The take profit is either fixed (equal to the stop loss), or you exit when the TDI lines cross against the position.
Additionally
- It is better not to open trades near the 200 ema.
- After the American session begins, new signals should be taken only if they appear on the first 2-4 candles after the session opens. Later signals, as a rule, are losing ones.
- Pay attention to round price levels.
- If price approaches the 800 ema, it is worth taking profit and waiting for either a bounce or a breakout. The same applies to the 200 ema.
- Move the position to breakeven (move the stop loss to the trade entry price) when profit reaches 12 points. This will insure you against sharp price reversals and subsequent losses.
- Risk no more than 2% of your deposit on one trade
Conclusion
The Another Simple System trading strategy is undoubtedly of interest and deserves attention. The text part of the article presents only the basic rules of the system. For a full understanding of the methodology of working with Another Simple System, watch the video at the beginning of this post.
Download strategy files
Important! Nuances of installation in new Metatrader 4 builds
Best regards, Pavel TradeLikeaPro.ru
Another Simple System is a simple but effective trend-following strategy filtered by an oscillator.