Dumb noob searching for trading system...

Not a complete noob but noob enough not to have a solid trading system. I am really looking for a 4H or daily system to scrape around 50pips a week from, not trying to catch all there is on the table. Not too many indicators, upper limit to 3 really, I am willing to learn how to use the system properly, I'm not rushing into trading.

What does everybody out there trade for these time frames and how accurate/successful is it?

Many thanks in advance.

Are you looking for a set and forget system or one in which you actively participate? There are hundreds of decent systems, however, you obviously need one that fits your trading style. Thx, Keith

One of the best that I have seen is in the trading systems section by OZFx. He has a daily method that works well. Take the time to read through that thread to see if it matches what you are looking for.

Well currently I'm unemployed so I have time on my hands, I like to work with numbers so I guess active systems will be better.

I'll have a look at the ozfx thread (looks like gallons of coffee will be needed, long thread) as it seems simple enough. Have you traded this yourself? If so what results did you acquire from it and how difficult was it to get right?

Thanks

a trading system isNOT bought its developed. if you think you have the shortcut to successful trading you arenot the first person to think so.so save yourself some heart ache and work your trading system on demo account

I like OZFx's one as well.

hi there
if you looking for good systems on forex factory then try these in the pict
those to me are the best here in FF. they all have different trading styles so you can leanr them all and see which styles suits you the best

As others have suggested, you need to come up with your own strategy..and do review some of the ones listed online, but just remember to test drive the lot on a small account..

you donot just wakeup one day and search for a trading system online then start trading it and live happily ever after.it will never happen. you have to CREATE your trading system on demo account. that's why they are there.

You must be careful not to get seduced by martingale systems which are very appealing on the first glance. Those systems
usually don't take any small losses and add to your current exposition. After the long journey full of hope you reach margin call.
I think it's very difficult to find working, commercial strategy.

I advice you to check nice content of mechanical forex blog to grasp overall idea for what you should be looking for.
Bad news is than good and longtime profitable strategies are very hard to follow.

He DID say, though, that he is not looking to rule the world, but to make 50 pips a week. Not unreasonable. Nevertheless, I have yet to see a system that works without someone being a serious expert behind it knowing what to do that when something happens the system does not cover.

Pipmasher is a long term trading system with good forward tests and may give you decent profits. You can trade it manually and close the trades when the trend weakens or use the expert advisor with Xfactornos settings. It is based on D1 and higher timeframes and seems to be profitable in many pairs.

http://widgets.myfxbook.com/widgets/1044669/large.jpg

You need to find a system that suits your own trading style as well as your ability to monitor the markets. Some people who lack patience might light to trade intraday, whereas those who have great patience trade longer time frames.

Are you able to stare at the charts all day, or do you have a job and trade forex as a hobby/potential second income?

I'm still yet to find mine, but I feel like it's just around the corner.

I hope this post on building a trend following system would help you.

Also at the end of it, it has links to other trend following systems with fixed trading rules and it's trading performance.

fartist

Price Action trading should be the starting point for all newbies I guess.

I got started with a non reliable method that burned my accs many times until i realised that understanding price action /candlesticks should have been the first step