Building a Trading System in the Forex

Expert: John Jagerson, Founder at Profiting With Forex
Moderator: Maud Gilson, Conference Manager

Summary:
In this webinar we will break down a step-by-step process for building a long term trading system. We will discuss testing, evaluating results and how to solve the implementation problems inherent in every system. The case study we will use in this webinar is an option and forex spot system with a long term outlook. Come see the rules and results yourself.

Webinar presented by Profiting With Forex and FXstreet.com

Comments

[ROSS]

hi,

i am relatively new to trading the forex. i have been looking into various trading systems whilst practicing on my 'play' account. is it possible to make an automated trade execution system based on i.e 2 different moving average crossovers?

regards
ross halligan

[Caroline]

Hi Ross,

I started trading August 2005 and have tried several systems. Finally I decided after learning alot that the only way to make money is to design my own system and stick with it no matter what. I trade on the 30 minute chart with the following setup.

Weighted Moving Average 20
Simple Moving Average 21

When price opens and closes above both moving averages, I go long

When price opens and closes below both averages, I go short and it has worked pretty well, first on my demo account. My
demo account is now $110,000 from $50,000 in
less than 2 months and this is alsow reflecting on my life account now.

The only thing is too stick to your rules no matter what. I had this system since 2006, but never stock to the rules. When intentionally made the decision to stick to the rules my account started growing positively.

So that is my system system using two different moving averages.

Success with your trading

[John Jagerson]

Moving average crossover systems are tricky. The lag is usually so severe that they whip themselves to death. Regardless of what folks say, make sure you test the system yourself. You can do that in a spreadsheet very easily if you are testing an MA crossover.