Forex Digg---Free Forex eBook, Forex MT4 Indicators, Forex Software---

Timeframe

The longer the timeframe, the better. I would recommend to use at least the
one hour timeframe (H1), but I rather use the four hour timeframe (H4).

• Chart

set my graphic in barcharts, but that is really your own preference.

• Indicators

Add the following indicators :

• EMA (exponential moving average) : 18 in yellow (closing price)
• EMA (exponential moving average) : 28 in yellow (closing price)
• RVI (Relative Vigor Index) : period 100 in blue and red

• Trading pairs

Use whatever you like. I recommend using pairs you are familiar with. Always
bear in mind news releases, long term estimates and other fundamental
trading aspects.
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Simple Forex trading system from THE CURRENCY TRADER’S HANDBOOK,
it only work if you discipline with your trading
some cut from the e book is ;

Your goal will be to:
1. Enter positions as soon as a particular signal is given.
2. Exit the position as soon as a particular signal is given.

The payoff will be:
1. The emotion should be gone from the trading.
2. You will enter and exit trades with discipline and focus.
3. You will get about 25 pips on the good trades. Maybe 30 and maybe even 50. There will be more winning trades than losing trades. The average loss will be about 25 pips.
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