22/12/ · Can someone tell me what the 3 ducks system is? I have tried a different method from a different guru before.. a breakout method set up. basically you will be earning some pips if you do use his method.. but his R:R is so basically you would win about 8 out of 10 trades but since you loss 2 trades.. you would be just up by around 6 22/08/ · If the 3 ducks is telling us to sell only (all pointing down), we will wait for the price to break the previous low on the M5 chart and we will open a sell position right there. If all 3 ducks are telling us to buy only (all above 60sma), then we will open a trade as soon as price breaks the most recent high on the M5 chart. Take Profit and Stop Loss 01/06/ · The 3 Duck’s Trading System The system is fairly straight forward and easy to use. Like a lot of trading systems it will be more productive when prices are moving in one direction and not stuck in a tight trading range. Of course this system has losing trade and losing runs, but with proper money management and good discipline I’m sure this system will keep you out of bad trades and give Estimated Reading Time: 8 mins
Forex Strategy «3-ducks» | FOREX Strategies
Another good and intelligent trading system which you guys might enjoy is the 3 ducks trading system, the pros of this system is that is is trend following and your trades are always taken along the main trend on the higher timeframes.
Trading with the trend decreases your risk greatly and at the meantime, it increases your profit probability and potential as the market is more keen to go towards the main 3 ducks forex method. The other good aspect of this trading method is that is very simple and easy to use as well as 3 ducks forex method uses only 1 indicator on 3 timeframes. The less indicator used is usually the better as it is becomes easier for the trader to detect the trade signals from the setup 3 ducks forex method. The system goes as follows, we will be using 3 timeframes and each one will be referred to as a DUCK Open your H4 timeframe, put a 60 SMA moving average on the chart.
This will be the first Duck. If the price is over the 60 SMA, we have a LONG setup and it it is below the 60SMA, we have a short setup. After identifying where the DUCK 1 is going, we move to the next duck. Open your H1 timeframe and place the 60 SMA again on this chart as well. Same rule as above, if price is above 60SMA, we have a long setup and if if iw below the 60SMA, we have a short setup At this point, if Duck 1 and Duck 2 are going same way, we go to the next Duck but if Duck 1 and Duck 2 3 ducks forex method not agree, then we wait for them to agree on the same direction before moving to the next Duck.
At this point, Duck 1 and Duck 2 should be agreeing on the direction. it is either, 3 ducks forex method, both are going down or both are going up So we are looking at the last Duck which with the 3rd one.
Open the M5 charts and again place the 60SMA on it, 3 ducks forex method. Now we want all the Ducks to go in the same direction, this will give us the direction in which we are going to trade. If all 3 Ducks are going down, we will only be opening sell positions and if all ducks are going up, we, will only be buying this pair. If the 3 ducks is telling us to sell only all pointing downwe will wait for the price to break the previous low on the M5 chart and we will open a sell position right there.
If all 3 ducks are telling us to buy only all above 60smathen we will open a trade as soon as price breaks the most recent high on the M5 chart. This is where you can make this system suit your trading style. Each trader has a different appetite for risk and reward Some will like many pips on a few trades, while others might like little pips on many trades.
Some will like to hold on long term trends and use a wide stoploss to give the trades more room to breathe while others will like to scalp the market and 3 ducks forex method small stoplosses. Feel free to adjust the Stoploss and trade profit value as per your liking.
My advice it to use the recent highest and lowest points as you stoploss levels and break even as soon as you can, 3 ducks forex method, then let the trade run until you have a reverse signal from the ducks. As you can see, this is a very simple and straight forward trading system which you can master almost instantly. It will be working on any pairs and at any time of the day, 3 ducks forex method, so you should be having plenty of trade opportunities to take advantage of.
As with all trading methods, you will need to practice it on a demo account before you can decide to trade your live account with this method. Good luck and enjoy your trades. May I know why you use M5 for duck3 and not timeframe close to H1 which is M30 or it doesn't matter which lower timeframe?
Whay 60 SMA?. Thank you. good Idea but what about if we trading agints broker?!!!! therefore no matter what we do they have all the eggs we cant win that easily!! You agree to website policy and terms of use. Forum Sections Forum Market Signals Freelance Quotes WebTerminal Calendar VPS Articles CodeBase Documentation About Log in Create an account. English Русский 中文 Español Português 日本語 Deutsch 한국어. value :"" ; if document, 3 ducks forex method.
Shoot the 3 Ducks Trading method. New comment. DUCK 1 Open your H4 timeframe, put a 60 SMA moving average on the chart. After identifying where the DUCK 1 is going, we move to the next duck DUCK 2 Open your H1 timeframe and place the 60 SMA again on this chart as well.
but if Duck 1 and Duck 2 does not agree, then we wait for them to agree on the same direction 3 ducks forex method moving to the next Duck Duck 3 At this point, Duck 1 and Duck 2 should be agreeing on the direction. When to Enter a trade If the 3 ducks is telling us to sell only all pointing down 3 ducks forex method, we will wait for the price to break the previous low on the M5 chart and we will open a sell position right there.
Take Profit and Stop Loss This is where you can make this system suit your trading style. The 3 Duck's Trading System I dont know if this against the rules Another Wealth Building technique. bossxero: Another good and intelligent trading system which you guys might enjoy is the 3 ducks trading system, the pros of this system is that is is trend following and your trades are always taken along the main trend on the higher timeframes.
how to download this 3 duck trading system sir,please help me. prasadaraokarri: how to download this 3 duck trading system sir,please help me. You are missing trading opportunities:. Registration Log in. latin characters without spaces.
a password will be sent to this email. Log in With Facebook Log in With Google. If you do not have an account, please register. Allow the use of cookies to log in to the MQL5. com website. Please enable the necessary setting in your browser, 3 ducks forex method, otherwise you will not be able to log in.
95% Winning Forex Trading Formula - The Forex Master Pattern��
, time: 37:53Anybody trading modified 3 Ducks system | The Forex War Room Forum
08/07/ · Step 3 – Third Duck From step 1 and 2, current prices need to be below their 60 sma’s on each chart. We are now on the 5 min chart and we are looking to There are three ducks, the first duck will help you to identify the last up or down trend, the second duck helps to confirm the direction of the trend and the third duck will help to identify buying or selling opportunity in the direction of the trend 01/06/ · The 3 Duck’s Trading System The system is fairly straight forward and easy to use. Like a lot of trading systems it will be more productive when prices are moving in one direction and not stuck in a tight trading range. Of course this system has losing trade and losing runs, but with proper money management and good discipline I’m sure this system will keep you out of bad trades and give Estimated Reading Time: 8 mins
No comments:
Post a Comment