The Elder Trading System is a trading strategy developed by Dr. Alexander Elder, a well-known trader and author. It combines technical analysis, psychology, and risk management to help traders make informed decisions. The system emphasizes the importance of understanding market trends and using indicators like the Elder Impulse System to identify potential entry and exit points. Central to the Elder Trading System is the concept of the Triple Screen Trading System, which uses multiple time frames to filter trades. This approach helps traders avoid false signals and enhances their chances of success by focusing on high-probability setups. Overall, it aims to create a disciplined trading environment.