449# 200 Simple Moving Average Channel and 4H Trader Trading System

Submit by JamesUK 26/05/2013

Time Frame 4H.

This is Swing Trading: trend following forex strategy in the direction of the over trend.

Pairs : any and all Forex pairs, metals, oils, stocks & CFD's. ).

Indicators:

200 Simple Moving Aveage with level 50 and -50.;

Super Trend nrp;

4H Trader Arrow.

Long entry-

I enter long when -

1- price closes above the 200 SMA and above the 50 level of the 200 SMA

2- Super Trend is Blue;

3- Green Arrow 4h Trader.

Short Entry-

I enter long when -

1- price closes below the 200 SMA and below the 50 level of the 200 SMA

2- Super Trend is Red

3- Red Arrow 4h Trader.

Re-Entry with the same conditions.

Exit Position options,

When appears arrow in opposite direction ;

At The levels of Support or Resistance (Recommended);

profit target 40-50 pips; (Recommended);

Stoploss-

I place a initial stoploss of 40 Pips an move stop loss at entry position when price moves 25 pips in my direction (Recommended).

In the picture 200 Simple Moving Average Channel and 4H Trading forex system in action.

Share your opinion, can help everyone to understand the forex strategy.

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200 SMA and 4H Trader