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3 Duck's Trading System from Babypips.com

The 3 Duck's Trading System from Babypips.com

The 3 Duck's Trading System is the most popular and active trading system thread on the the babypips.com forum. It is a system that is mainly for beginners because it teaches you discipline, learning to cope with price moving against your position and learning to stay in a trade and keep profits running. For the thread and more info on the 3 Duck's Trading System click here

How does it work?
The system is a very simple enter/exit based on the 60 SMA of 3 different time frames: 4 hour, 1 hour and 5 minute.

The Rules, er, the Ducks! The Ducks must all be in a row for a trade to take place!
  • Duck 1 - To go long, price must be above the 60 SMA on the 4 hour chart.
  • Duck 2 - To go long, price must be above the 60 SMA on the 1 hour chart.
  • Duck 3 - To go long, price must cross above the 60 SMA on the 5 minute chart and the 60 SMA of the 5 minute chart must be below that of the 4 hour and 1 hour chart. (obviously the reverse for shorting)

YOU MUST USE THIS SYSTEM ONLY ON THE 5 MINUTE CHART.

I say this because I have already charted all of the Ducks into the 5 minute chart so you don't have to flip back and forth.

I have also added some inputs for profit targets, stop targets, trailing stops and times to trade for backtesting.

If you have any questions or comments, please let me know! If you see I messed up on something, please let me know!


Also a VERY special thanks to the babypips.com user Captain_Currency. He wrote this strategy 10 years ago (2007 was 10 years ago?!) and he is still active on the thread and posting results and offering help!
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I should note a typo, in the explanation for Duck 3, I said 5 min 60 sma below, it should be above.
+1 Svara
You can call higher time frame SMA's as security(tickerid, '240', sma(close,60)) as it will be the actual number and it could vary from what you have there
Svara
@wpatte15, awesome! Thanks for the info, I'll get on revising that soon.
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