The three trading strategy was developed in 2014 by a person called Timmy. It has since then been used broadly to trade and it has proved to be a good trading system. It is easy and even recommendable to the Forex beginners. The main indicator used in this trading strategy is the crazy pips indicator.
The Three Trading Style strategy is designed to give best results when use to trade using the 30min timeframe or higher. This makes it good for even scalping since scalping involves placing and closing of trades within very short time intervals.
The Three Trading Style can be used to trade any currency pair of your choice. It is not limited to trading a chosen number of currency pairs as some trading strategies are.
This trading strategy is one of a kind. Just as the name suggests, it has three different styles of trading that can be used to place and close trades. This means that the trader can choose to use any of the three trading styles to execute orders. We shall look at the three trading styles individually.
- The first trading style
With this style, the trader only needs to load the crazy pips indicator to the trading chart.
This is used with the 30 min or higher Time Frame. When a trader chooses to use this style to trade, he or she should place a buy when the green bars appear and a sell when the red bars appear.
Only the crazy pips indicator is used in this style of trading. There are no other indicators incorporated.
Fig.1. The first trading style.
- The second trading Style
The trader should us the crazy pips breakout template.
Trading with this style is restricted to the 30 min and the 60 min timeframes.
Also there is an addition of the number of Metatrader indicators employed. The style uses a combination of the Crazy pips indicator and the king’s Cage breakout zone.
When a trader is using this style to trade, he or she should place an order only in the direction of the Crazy pips indicator. Therefore the trader should place a buy when the Crazy pips indicator shows a green bar and a sell when the Crazy pips indicator shows a red bar.
The king’s Cage breakout zone is used to place pending orders. A buy pending order can be places above the king’s Cage breakout zone when the crazy pips indicator is green. Also, a sell pending order can be placed below the king’s Cage breakout zone when the crazy pips indicator is red.
When using this trading system, the trader should use a target level (take profit) of 25 – 40 pips and a stop loss of 20-25 pips.
Fig.2. Using the second trading style.
- Third trading Style
The trader should use the crazy pips reversal template.
This is based on the trend reversal.
It can be used to trade using the 30min or higher time frame.
It uses three metatrader indicators which include the Crazy pips indicator, the 5 bar reversal indicator and Stochastic tape (11, 3, 3,) MTF next time frame indicator.
If a trader is choses to use this trading style, he or she should place a buy when the Crazy pips indicator indicates a green bar and the5 bar reversal indicator generates a buy (yellow) arrow which is confirmed by stochastic tape indicator with blue bar.
For the trader to place a sell the Crazy pips indicator should indicate a red bar and the 5 bar reversal indicator generates a sell (red) arrow which is confirmed by stochastic tape indicator with red bar.
Fig.3. Using the third trading style.
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