Free Forex Systems (MT4), Trend Following Systems

Little Boy Fx System MT4

Little Boy Fx System MT4 is a scalping system. This is an outstanding trend following scalping forex trading strategy. An indicator used in this forex system generates very clean trading signals. The buying and selling signals are well defined. It is very easy to identify the trading signal. Moving averages are also used in this system but it’s optional. Basically you can use only an indicator to trade using this system. However before trading with any system that is on trendfollowingsystem.com I expect you to have basic knowledge of market trend.

Little Boy Fx System Overview

Below is a snapshot of Little Boy Fx System.Little Boy Fx SystemLittle Boy Fx System

As you can see on the above chart this forex trading system is really very simple. You can see Heiken Ashi indicator on the main chart window. Additionally, rather than normal bars, Heiken Ashi bars are used in this forex trading system. When both of these are red it means that the market is down trending so you should be selling. So, when both of these indicators are blue you should be selling.

Read More: BMANS Renko Trading System

Little Boy Fx System: Buying ParametersLittle Boy Fx System Buy Parameters

Little Boy Fx System Buy Parameters

1) Market should be up trending.
2) Market should cross above Heiken Ashi MA indicator.
3) Heiken Ashi MA bars should be blue.
4) Buy at the market rate when above parameters are met.
5) Put your stop loss below the recent support level.
6) Book your profit when Heiken Ashi MA indicator and Heiken Ashi MA bars turn red.

Little Boy Fx System: Selling Parameters

Little Boy Fx System Sell Parameters
Little Boy Fx System Sell Parameters

1) Market should be down trending.
2) Market should cross below Heiken Ashi MA indicator.
3) Heiken Ashi MA bars should be red.
4) Sell at the market rate when above parameters are met.
5) Put your stop loss above the recent resistance level.
6) Book your profit when Heiken Ashi MA indicator and Heiken Ashi MA bars turn blue.

Free Download Little Forex Boy
Free Download Little Forex Boy
Share:

I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.

Leave a Comment

About Trend Following System

Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.

Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
RoboForex Welcome Bonus