3 Little Pigs Trading System
OVERVIEW The 3 Little Pigs is based on 3 timeframes, Weekly, Daily and 4 Hour. The idea is to “swing” trade in the direction of all 3 timeframes, a Buy signal, as an example: • Price is above the 55 Simple Moving Average (SMA) on the Weekly timeframe • Price is above the 21 SMA on the Daily timeframe • Price closes above the 34 SMA on the 4 Hour timeframe When the above conditions are met a Long position is opened. These are the basics - Sell is vice versa. ENTRY As I mentioned, there are a number of options in the manual – Here is my chosen approach: BUY • Price is above the 55 SMA on the Weekly timeframe and • Price is above the 21 SMA on the Daily timeframe, I will enter • On close of the next candle that touches and then closes above the 34 SMA on the 4 Hour timeframe SELL • Price is below the 55 SMA on the Weekly timeframe and • Price is below the 21 SMA on the Daily timeframe, I will enter • On close of the next candle that touches and then closes below the 34 SM