FOREX Trend Finder 4HR
Forex Strategy Trend Finder 4HR
Forex Strategy Trend Finder 4HR - a strategy for the H4 chart, which was created to ensure that the trader could easily find bargains at a very high likelihood of profits, and so as quickly recorded profits and of course has been protected from losing trades.
The strategy uses the following indicators forex:
1) Awesome Oscillator (AO) Bill Williams, who helps to find and define the general direction of the trend of the market with high accuracy.
2) Indicator Advanced_ADX current determines the strength of the current trend is currently on the market, and indicates its direction of motion.
3) Stochastic (Stoch_Histogram) helps the trader to determine when the trend in the market changes direction.
Using all of these 3 indicators forex trader together give a very reliable trading signal for entry into the market.
And so, on H4 chart for the chosen currency pair (which can be any), set the following indicators:
1) indicator Awesome Oscillator (AO)
2) Indicator Stochastic Histogram (5,3,3)
3) indicator Advanced_ADX (13).
All these forex indicators, together with a template for Metatrader 4 can be downloaded at the end of forex strategy Trend Finder 4H.
conclude a deal to buy , if:
1) Awesome Oscillator indicator is green.
2) Indicator Stochastic_Histogram painted the same green.
3) Indicator Advanced_ADX also colored green and is above its level 15.
Tied all the signals, opening the deal to buy opening the next candle, after signaling (which matched all the signals).
example look at the picture (for larger - click on it - will open in new window):
conclude a deal to sell , if:
1) Awesome Oscillator indicator is colored red.
2) Indicator Stochastic_Histogram painted the same red.
3) Indicator Advanced_ADX also colored red and is above its level 15.
Tied all the signals, opening the deal to sell at the opening of the next bar after the signal (which matched all the signals).
Open 2 should be trading positions to the general risk of not more than 3% on your deposit amount.
safety stop-loss set at 100 points, or for the nearest local minimum (for sale) or for the nearest local maxima (for sale) - that is less.
For trading positions number 1 - set the profit target at a distance of 100 points.
For a trading position number 2 - takeprofit not intended, and it holds up until 2 indicators forex from 3-set, do not change their color to the opposite.
for two open transactions - move the stop loss to breakeven as soon as the profit on them was 50 points.