Gamblers Euro/ Usd Trading Systems

This is a forex trading system which employ no forex indicators, looks pretty neat actually. The original author (Gambler) said that he has tested the system on EUR/USD 15 minute charts and it worked well. Here is the forex trading systems rules that he has used for the past few weeks.

Open buy order when a candle close above the last down bar in a downtrend
Open sell order when a candle close below the last up bar in an uptrend
Take profit when you have earned a few pips or when you get a signal to make an order in the opposite direction.

If the market is moving much up and down Gambler recommend that you use a 5 minute chart instead.

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