Profitable System | "Trading is as Simple as 1-2-3" | Forex Factory | Tested 100 Times

Website: https://traderslanding.net
I tested and reviewed the extremely popular method: “Trading is as Simple as 1-2-3” from Forex Factory. This system does not use any indicators, you just need to know where the daily open is. While this is not an entire trading system we are going to make it into one.

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Trader’s Landing is a trading system review and education channel. By testing indicator based trading strategies we are able to learn and understand a system’s performance by using a repeatable and clearly defined trading criteria that has a predictable performance through a series of many setups. These trading systems can be ported over to many instruments such as Forex (FX), Cryptocurrency (Crypto), Options, Stocks, or anything that has a chart and a significant amount of volume and market participants.

If you are looking for trading systems to test out on your own here is a playlist of systems that I like: https://bit.ly/SystemsILike
WARNING: Be sure to do exhaustive backtesting and forward testing before you actually start trading real funds. For your convenience below is a link to the official Trader’s Landing backtesting spreadsheet and tutorial video.

🔍 Link to my Testing Performance Spreadsheet: https://traderslanding.net/results/
📘 Link to my free backtesting spreadsheet: https://traderslanding.net/2021/08/15/26/
📊 Link to all indicators tested on the channel: https://traderslanding.net/indicators/
🏠 System Web page: https://traderslanding.net/2021/06/30/8/

See a trading system you would like tested on this channel? Be sure to let me know, including links where you found it, and any other pertinent information. In many ways you are the eyes and ears of this channel.

Link to the system on Forex Factory: https://www.forexfactory.com/thread/549745-trading-is-as-simple-as-1-2-3

Timestamps:
00:00 - Trading is as Simple as 1-2-3 From Forex Factory Tested 100 Times
01:33 - Indicators, Rules & Examples
06:49 - Test
07:20 - Testing Results

System Specifics
Time Frame
H1

Indicators
Trade Session Indicator

Long Entry
Entries are only in the direction toward the daily open.
Wait for a candle to make a new dialy low.
Enter when price retraces above bar that made the daily low, as long as that candle did not make a new daily low.

Short Entry
Entries are only in the direction toward the daily open.
Wait for a candle to make a new dialy high.
Enter when price retraces below bar that made the daily high, as long as that candle did not make a new daily high.

R:R
3:1

Where to place stop-loss
Shorts - Above candle making new daily high (minimum 5 pips)
Longs - Below candle making new daily low (5 pip minimum)

Indicators tested on this channel so far:
ATR Bands, Donchian Channels (DC), Double Exponential Moving Average (DEMA), Dynamic Structure Indicator, Exponential Moving Average (EMA), Heikin-Ashi Candles, Ichimoku Cloud, Money Flow Index (MFI), Interstellar Buy/Sell, Interstellar Trend, Multi Timeframe EMA, QQE (Qualitative Quantitative Estimation) Mod, Relative Strength Index (RSI), SSL Channel, SSL Hybrid, Stochastic (STOCH), Stochastic RSI, SuperTrend STRATEGY, Time Segmented Volume (TSV), VuManChu Swing Free, Waddah Attar Explosion V2, Weighted Average Price (VWAP), Williams %R

Captions Available in: Arabic, Chinese, English, German, Hindi, Italian, Japanese, Korean, Norwegian, Portuguese, Punjabi, Russian, Spanish.

Metatags
#ForexFactory #NoIndicators #TradingTutorial

Disclaimer
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.