Best Thread The 3 Duck's Trading System

[Victor90]

Well, i dont use it on EA but im trading it right now and it seems to be really good =)

 

[mindset]

how many pips do you make on average per day using this strategy?

 

[Stuart14]

That would depend on the day and the move. It hasn't worked everytime i've watched it so far, but as a set of rules to base a system on it doesn't seem too bad.

 

[mindset]

does anybody make good money on this strategy on a regular basis?

 

[micb11]

I am new to trading and this system seems to be an easy one to follow. Saying that I am using ODL and they don't have a 4 hour chart. How do you calculate a 20 ma of a four hour chart and over lay it on a 1 minute chart. If you only had a 1 minute chart with all 3 MA of the different time periods would it not make it easier to monitor?

 

[pseudo straddle]

I am using ODL and they don't have a 4 hour chart. ?

Why don't you open a demo account with someone that does - like Alpari for example?

 

[micb11]

Thanks will look into it. Just spent the last 4 hours reading this whole post and has given me more knowledge than any where else i have found. It is now 00:25 and according to a lot of these posts I have to be up at 07:00 to start studying the charts. I have read so many books but still confuse me to a certain extent. I am a web developer by trade so captain currency if you need any help on that side I would be glad to help.

 

[hornblower]

A good day for 3 ducks today
gbp/yen gbp/usd and S & P
if only it was like this every day

 

[Stuart14]

Pretty sure ODL does have a 4 hour chart, just click H4 on the tool bar. If not use IG Index, they definitely do.

 

[micb11]

trying to get to grips with this system. Is the USD/CHF looking good to short ?

 

[micb11]

mean't to say if price closes below 20 sma on 5 min chart

 

[foredog]

Download Metatrader not ODLs own system then it's got 4hr etc

 

[Stuart14]

trying to get to grips with this system. Is the USD/CHF looking good to short ?

No, the ducks aren't lined up. The 4 hour is above the SMA60, well it is on my chart anyway!!!

 

[micb11]

just did that a lot easier. I am looking to do my first ever trade, looking to buy GBP/CHF at 20486. Any advice would be great. Price target would be 20534 which are the highs of the 1 hr chart not quite sure where to find my stop the low of the 5 min chart is 80 pips away which is too much. I think my ducks are all lined up?

 

[Stuart14]

Weird. They're not lined up on my chart. 4 hour is a buy, 1 hour a sell?

I use IG realtime charts.

 

[micb11]

Thanks stuart will have a look

it is 11.27 uk I am looking at eur/usd. not sure how you upload charts. My 4 hr chart has crossed over 60 ma but pulled back below, my 1 hr is above 60 ma, my 5 min is below at the moment if it crosses is this a long position. such an easy sytem to follow yet i don't think I am doing it right.

any advice?

thanks

 

[Stuart14]

I have the 4 hour Below the sma60, so we're looking to sell. The 1 hour is now below, so that cofirms the sell. We then go to the 5 min. It has been below the 60 since 9:00, we want it to cross up through then come back. At that point we're looking to sell when it goes past the last low.

That is my understanding anyway.

 

[ronburg]

scrap that!

 

[Stuart14]

Ronburg, I have the 4 hour 80 pips below.

1 hour 40 pips below.

5 min over 100 pips below?

 

[micb11]

How weird i am using metatrader my last 4 hour bar is closed above 60 ma my 1hr is way above 60 ma and my 5 is coming up to 60 ma

do you know how to upload image so that I can show you my charts i must have something not right