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 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.
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Little Boy Fx System: Buying 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
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.