Overview of "Stupidly Simple Forex" (SSFX)

The "Stupidly Simple Forex" (SSFX) system simplifies Forex trading for both beginners and experienced traders. Authored by Andy, the system primarily utilizes moving averages and two key indicators: the MACD and the Awesome Oscillator. It is tailored for trading popular currency pairs on various timeframes, with a preference for the 5-minute, 15-minute, and 30-minute charts.

Buy and Sell Rules

Buy Rules

• Moving Averages Alignment:
  • The 144-period EMA must be above the 176-period EMA, indicating an overall upward trend.
  • The 36-period EMA must be above the 44-period EMA, indicating an immediate upward trend.
• Awesome Oscillator: Wait for the Awesome Oscillator to fall below the 0.0 line.
• MACD: Enter a buy trade when the MACD closes above the 0.0 line.
• Stop Loss:
  • Place the stop loss according to the chart timeframe:
  • 10 to 20 pips on a 5-minute chart
  • 15 to 30 pips on a 15-minute chart
  • 20 to 40 pips on a 30-minute chart
• Take Profit: Exit the trade when the MACD crosses back below the 0.0 line.

Sell Rules

• Moving Averages Alignment:
  • The 144-period EMA must be below the 176-period EMA, indicating an overall downward trend.
  • The 36-period EMA must be below the 44-period EMA, indicating an immediate downward trend.
• Awesome Oscillator: Wait for the Awesome Oscillator to rise above the 0.0 line.
• MACD: Enter a sell trade when the MACD closes below the 0.0 line.
• Stop Loss:
  • Place the stop loss according to the chart timeframe:
  • 10 to 20 pips on a 5-minute chart
  • 15 to 30 pips on a 15-minute chart
  • 20 to 40 pips on a 30-minute chart
• Take Profit: Exit the trade when the MACD crosses back above the 0.0 line.

Additional Details

By following these straightforward rules and guidelines, traders can implement the SSFX system to potentially achieve consistent trading success.