Currency Trading System - A FREE Trading System That's Made Millions!

In this article we are going to tell you the EXACT rules of a FREE trading system, used by some of the top traders in the world that has made huge profits. Despite this fact, most traders don't even consider it. Lets look at it.

The currency trading system we are going to look at is from the late 70s and was developed by the father of Modern trend following - Richard Donchian

The system is known as the 4 week rule and was originally developed to trade the futures and commodities markets.

It simply took advantage of the four week cycle.

The system itself over the years has been used on its own are as a base for a number of the world's greatest traders and when the turtles and Richard Dennis have used it you know if you do your in very good company!

Here it is and you cant get a simpler system:

Here are the rules:

1) Close short positions and go to a long position when a price exceeds the highs of the previous 4 weeks.

2) Close long positions and go to a short position when a price falls below the lows of the previous 4 weeks.

Nice and simple? Of course it is but don't confuse simplicity with no making money this system does make money and is the simplest breakout system you can get.

Back test it and see how much money it makes. It does have a flaw which is its great when markets trend but when they don't it will take losses so add a filter if you wish:

Enter trades on the 4 week rule - but exit the position on a shorter time period and go flat.

1 or 2 week cycles are good ones to use and then you would then re enter on the next 4 week signal. Could it make you gains?

Sure it can but it requires one trait and not many traders have it - Iron discipline.

Its not fussy about market timing and its VERY specific with its signals.

You have to take them and stick with them, most traders will find this hard.

If you have discipline and like a simple mechanical trading system, then it will work well for you.

Most traders wouldn't even consider it - Why?

Well its not very trendy is it?

Traders will waste their money buying software from vendors (with simulated track records) and lose yet here is a system trading legends have used and is FREE and will beat all the simulated ones!

All the worlds best currency trading systems are simple, as they are robust and this one is.

It will never go out of date, is easy to use, time efficient and makes money.

So if you think its to simple - It wasn't for traders like Richard Dennis and many other trading pros so consider it and you may be surprised at how much money it can make.

NEW! 2 X FREE ESSENTIAL TRADER PDFS For free 2 x trading Pdf's with 90 of pages of essential info and more on currency trading system visit our website at: http://www.learncurrencytradingonline.com