Nobrainers Forex System Strategy

Nobrainer trading strategy for forex has been proposed by someone called Vynner, this strategy seems to attract many traders in the community. Because of this strategy is easy and simple to use. Vynner said he had been using a simple forex strategy from June 2006 and gave him 300-400 pips a few months.

Here's the system:

Things you need to:

1. Day-to-day Chart on GBP/USD
2. 4 hour chart on GBP/USD
3. Slow Stochatics (13, 5, 5) on both graphs
4. EMA 4, EMA13, EMA50 on the 4 hour chart

Entry:
When EMA4 first cross EMA50 follow by EMA50 EMA13 of the cross, with a new candle that is open, place your stop loss entry from 50pips.
Out:
When EMA4 resigned and crossed the EMA13 on wax open next.

They call this NoBrainersTrade but Vynner have modified a few things and add at the bottom of the filter is really good on the daily chart with stochastics slow.

To view a chart daily Filter
Valid Long Entry:
Slow% K above% Slow D on Daily Chart
Valid short Entry:
Slow%d above% Slow K in Daily Chart

"Very simple but yet powerful methods. He worked on other couples, too, but I find this works best on GBP/USD "

Take a look at the 4 hour chart

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