Ladies, gentlemen, monsters, and robots, let's give it up for NickB, the winner of July's Best Forex Trading System!
His trading system, the 4H Scalping Method, is an oldie but it sure is a goodie. Over the years, it has developed quite a following in the BabyPips.com community.
Making use of the 4-hour time frame, the 4H Scalping Method is what we call a "naked" trading system as it doesn't use a single indicator. That's right, earthlings! You won't see any moving averages and oscillators on NickB's charts. His system bases trades solely on price action, relying on trend lines for entry and exit signals.
Does that sound interesting to you? Then you might want to read more about his system in the 4H Scalping Method forum thread!
As the winner of July's contest, the NickB 4H Scalping Method will receive the following:
- A spot at the Best Forex Trading System (BFTS) Hall of Fame in the forum
- A badge at the front page of BabyPips.com that will displayed for the entire month of August.
- On NickB's behalf, we will donate $50 to one of the charities in the BabyPips.com Golden List of Charities.
- And lastly, I will also mechanize it and backtest his system to see how it fares against the Robopip Standard for Mechanical Systems. But after reading through the rules of the system, I found out that this is highly discretionary. As such, I'll have to thoroughly learn the system first and see whether I can indeed mechanize it. Stay tuned!
Thanks for read this post , hope you learn new something from this post - so comment and share this post.
( This Post is collected from "Babypips.com")
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