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A Simple System: Michael Duane Archer

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Sushil Mundel

The document describes a simple trading system that uses two indicators: a moving average crossover and a momentum index. The system can be used on various time frames from 5 minutes to daily. Details are provided on how the indicators work and how the system generates buy and sell signals.

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© All Rights Reserved
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A Simple System: Michael Duane Archer

Uploaded by

Sushil Mundel
107 views4 pages
The document describes a simple trading system that uses two indicators: a moving average crossover and a momentum index. The system can be used on various time frames from 5 minutes to daily. Details are provided on how the indicators work and how the system generates buy and sell signals.

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1A Simple System

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The document describes a simple trading system that uses two indicators: a moving average crossover and a momentum index. The system can be used on various time frames from 5 minutes to daily. Details are provided on how the indicators work and how the system generates buy and sell signals.

Copyright:

© All Rights Reserved
Download as PDF, TXT or read online from Scribd
Download as pdf or txt
107 views4 pages

A Simple System: Michael Duane Archer

Uploaded by

Sushil Mundel
The document describes a simple trading system that uses two indicators: a moving average crossover and a momentum index. The system can be used on various time frames from 5 minutes to daily. Details are provided on how the indicators work and how the system generates buy and sell signals.

Copyright:

© All Rights Reserved
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3/16/2015

ASimpleSystem

ASimpleSystem
By:MichaelDuaneArcher,datedApril22nd,2013

Related"ASimpleSystem"
articles
ThissimplesystemisanindicatorbatterythatwasshowntomebyatraderatPeavey&Companyintheearly1970s,

1. IntroductiontoSimpleSystem

whereIcutmytradingteethoncommodityfutures.Insofarasfuturesandcurrenciesarebothhighleveragemarkets,it FOREXTrading
shouldbeequallyathomeineithermarket.Thesimplesystemwillalsogiveyousomeideaonhowtradingmethods

2. GeneralPrinciplesofTechnical

FOREXTools

basedonindicators,anindicatorbattery,ifyouwill,aredeveloped.Thisoneisindeedsimple!Someofthemarevery
complexandneedtobecomputerprogrammedtouseeffectivelyinthefastmovingFOREXmarkets.

3. KeepItSimpleToolboxforFOREX

Tip:Useonlyonetimeframetotradethesimplesystemfornow.Itcanbeappliedonanyfrom5minutesto1day.I

4. ASimpleSystem

recommend15minute,30minute,or1hourtobegin.

5. ComplexSystemsandGoodmans

LawofTradingSystems

Thesimplesystemisanindicatorbatterycomposedoftwoindicators,amovingaveragecrossoverandamomentum

6. PairstoTrade

index,similartoanoscillator.Abatteryisacombinationofindicators.Whentheindicatorsinabatteryarecombinedto
automaticallygeneratebuyandselltradesignalsbyacertainsetofrules,itisreferredtoasanexpertadvisor,orEA.

data:text/htmlcharset=utf8,%3Ch1%20style%3D%22outline%3A%20none%3B%20borderbottomstyle%3A%20none%20!important%3B%20color%3A%20rgb(0%2C%2087%2C%20183)%3B%20fontsize%3A%2022px%3B%2

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ASimpleSystem

Tip:Anindicatorbatteryoranexpertadvisorcouldbeusedasaprimarytradingmethodorasacheckontheprimarymethod.
YoumaywishtoreviewTechnicalAnalysis,whichprovidesdetailsontheworkings,strengths,andweaknessesofmovingaveragesandoscillators.All
tradingplatformsoffermovingaverages,momentumindexes,andprebuiltoscillators.ThesimplesystemisbuiltonMetaTrader4,butotherplatforms
maybeusedwithverylittledifference.
YouwillfindaccesstoindicatorsinthenavigationwindowofMT4.Herearesomeofthembrokendownaseithertradingortrendingtools.
Thisisjustasampleofthoseavailable.But,again,breakingthemdowntoeithertradingortrendingidentifiesthenatureofmostofthem.Ifyoucannot
ascertainthetypeinadvance,tryitonaverysharptrendingmarketandaverychoppytradingmarket.Theperformancewilltellyouthewholestory!

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IndicatorComparisonTradingandTrending

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"AdaptedfromGettingStartedinCurrencyTrading.
Copyright2012byMichaelDuaneArcher.Allrightsreserved.JohnWiley&Sons,Inc."
Contentprovidedhereunderexclusivelicense

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