Forex Spread Betting Simple Trading System

This is a Forex Spread Betting Simple trading System that is mainly used on the Pound or on the Euro. I will show you how I set up my Charts in My IG account and how to trade the system.

Setting Up the Charts: If you go the the options tab on the top right hand side, click on options. To the Chart you add:
Parabolic SAR default settings which are 0.2 /0.2
Exponential moving average of 20 periods
And the Commodity Channel Index, I use the default 20.

Below is a 15 Minute Chart

How to trade this system:

For those more experienced, use the parabolic SAR as your indicator to enter the trade or close your trade. Wait for the candle stick to complete.

For those less experienced – wait for the Parabolic SAR to give you a sell or buy signal. You wait for the price to cross the moving average. The moving average acts as your confirmation tool. If both signals don’t occur don’t take the trade.  For Example:  In the graph above in the first arrow you can see the Parabolic SAR gave you a buy signal the prices have moved above the moving average, this is when you enter your trade. Your stoploss below the current candle to at least half way the distance of the previous candle. As prices move higher  trail your stoploss higher. For the more experienced traders, you can trade without the moving average.

Forex Spread betting simple trading system main rule: Know your support and resistance levels, as it is at these levels where you will have a normal movements or confirming actions. Take this system make it yours create a plan following strict money management rules and trade it without emotions.

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