WebRob Booker – Financial Expert, Trader and Philanthropist. Address/ Devonshire St Boston, MA Hours/ Mon-Fri: 9AM-5PM. Contact/ + Web8/11/ · I purchased the Finch Robot in with the lifetime membership for $ Rob was having a sale and his explanation of the way the EA worked sounded attractive. WebThe Rob Booker Trades App | iPhone | Android: The TFL Chat Room (How to) | Go to the Chat Room: The TFL Trades Page (How To) | Go to the Trades Page: What Robots Web2/11/ · FX Articles. Guiding Principles of this eBook. 1. I can teach you, in one hour of chatting together here, to identify trends. 2. You can find ways, when you identify trends, Web7/7/ · Rob is one high-profile forex 'guru' I've been loosely following for several years, and he seems to flit from system to system. For example, a few years back he was very ... read more
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Home » Trading Systems » Forex Strategy, the Rob Booker System. Rob Booker is one of the most respected Forex traders in the world, with a lot of history behind him.
The Forex strategy that I am going to present today is the system of Rob Booker, denominated Arizona System. When a trader designs a Forex strategy, he does this to take advantage of a market anomaly, which usually gives us an advantage, and consequently benefits for our trading account.
This is not a usual strategy, I would consider it a trading system which joins several strategies under the same idea: define what is really happening in the market, and consequently, to act. The market has two basic trends, bullish and bearish. There are also markets without a definite trend, where there is a lateral movement, which can be consolidation, accumulation, or distribution, but there are another times in the market, in which we really have no idea what is happening and there are not many opportunities for the trader.
Rob intends to find and define through indicators, at what time we are in the market, and act using a Trading technique, or a different Trading strategy. At a time when it is becoming more popular to trade without indicators naked trading , with price action, it seems a little contrarian, that we propose a system that is based on a lot of indicators, but this is the system of Rob Booker, and these are the indicators that Rob uses for his trading system:. The system could work in any session, but Rob Booker trades in American time.
The phases to trade with the Arizona system The four phases that we can find and their characteristics are:. In this phase, the EMA 62, is located between the SMA and the SMA These moving averages indicate that the market moves sideways, and therefore we will trade looking for divergences of the MACD.
We will use bullish and bearish divergences, regardless of the previous trend. The profit target is placed in a moving average. We assume that a new bullish or bearish trend is about to begin, and we will trade any divergence against the trend we predict is beginning.
To take into account the new trend, the EMA 62 has to make a bullish or bearish cross of the SMA , while the SMA remains above or below the SMA without crossing it. We will trade any divergence that the MACD shows against the EMA 62 and the profit target is placed on the EMA To decide that the market is in a clear trend, we will have to see that the moving averages are completely aligned, either bearish or bullish, in order according to their time period.
For example, if the trend is bullish, the first moving average that would appear, which is the closest to the price, would be the EMA 62, then we would find the SMA , and last would be the SMA At this stage, we only trade the price breakouts and the pullbacks: breakouts of the American box in the direction of the main trend, or when the price does a pullback to the EMA We do not trade with price breakouts, nor divergences.
If we want to continue operating, we could go down to a minute time frame, and look for a lateral phase, that is, a Tucson phase. As you can see, this system is actually a set of trading strategies, to operate according to what the market is telling us. You must be logged in to post a comment. Forex Market Forex Education Forex Guide for Beginners Technical Analysis Trading Psycology Trading Systems What is a Trading System?
Menu Forex Market Forex Education Forex Guide for Beginners Technical Analysis Trading Psycology Trading Systems What is a Trading System? Rob Booker Trading System Indicators At a time when it is becoming more popular to trade without indicators naked trading , with price action, it seems a little contrarian, that we propose a system that is based on a lot of indicators, but this is the system of Rob Booker, and these are the indicators that Rob uses for his trading system: A simple moving average of periods SMA , which in the following price charts you will see in red.
A simple average of periods SMA , which weI represented in dark blue. An exponential moving average of 62 periods EMA 62 , represented in gold color. The MACD in its classic version, , and lastly … One stochastic oscillator , set to The system is designed to operate on 1-hour charts, although it is sometimes possible to use minute charts and is intended to operate during the American session.
The system could work in any session, but Rob trades in American time. The phases to trade with the Arizona system The four phases that we can find and their characteristics are: Lateral Market Phase — Tucson Phase In this phase, the EMA 62, is located between the SMA and the SMA During this market phase the divergences against the main trend are ignored.
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WebThe Rob Booker Trades App | iPhone | Android: The TFL Chat Room (How to) | Go to the Chat Room: The TFL Trades Page (How To) | Go to the Trades Page: What Robots Web7/7/ · Rob is one high-profile forex 'guru' I've been loosely following for several years, and he seems to flit from system to system. For example, a few years back he was very Web8/11/ · I purchased the Finch Robot in with the lifetime membership for $ Rob was having a sale and his explanation of the way the EA worked sounded attractive. WebRob Booker – Financial Expert, Trader and Philanthropist. Address/ Devonshire St Boston, MA Hours/ Mon-Fri: 9AM-5PM. Contact/ + Web2/11/ · FX Articles. Guiding Principles of this eBook. 1. I can teach you, in one hour of chatting together here, to identify trends. 2. You can find ways, when you identify trends, ... read more
Related Posts: Forex averaging down: Good or bad trading strategy? Most Popular Questions. The profit target is placed in a moving average. We assume that a new bullish or bearish trend is about to begin, and we will trade any divergence against the trend we predict is beginning. An exponential moving average of 62 periods EMA 62 , represented in gold color. What is FX Trading?
All Rights Reserved. We emphasize that Rob booker forex trading in the securities of smaller companies can involve greater risk than is generally associated with investment in larger, more established companies, and can result in significant capital losses that may have a detrimental effect on the value of your investments. Why Trading Systems Stop Working? What Robots Does Rob Use? What is "Technical Analysis? These moving averages indicate that the market moves sideways, and therefore we will trade looking for divergences of the MACD.