44# 4H Forex System
Submit by Forexstrategiesresources
Time Frame and Chats:
- 4 hour GBP/USD chart, 4 hour GBP/JPY chart ;
- Daily GBP/USD chart, Daily GBP/JPY chart .
- 6 EMA
- 13 SMA
Long Entry
- 6EMA crosses above the 13SMA and MACD lines cross indicating an upwards trend.
- 6EMA crosses above the 13SMA and the Parabolic SAR dot is under the candle indicating an uptrend.
- 6EMA crosses above the 13SMA, MACD lines cross indicating an upwards trend and the Parabolic SAR dot is under the candle indicating an uptrend.
Short Entry
- 6 EMA crosses below the 13S MA and MACD lines cross indicating a downwards trend.
- 6 EMA crosses below the 13 SMA and the Parabolic SAR dot is above the candle indicating a downtrend.
- 6 EMA crosses below the 13 SMA and the Parabolic SAR, MACD lines cross indicating a downward trend and the Parabolic SAR dot is above the candle indicating a downtrend.
Stops daily chart
Initial GBP/USD stop loss = 100 pips
Initial GBP/JPY stop loss = 150 pips
Stops 4H Chart:
nitial GBP/USD stop loss = 70 pips
Initial GBP/JPY stop loss = 90pips
Exit Position:
When 6 Ema crosses 13 EMA;
Profit Target daily chart: GBP/USD 280 pips, GBP/JPY 320 pips,
4H chart: GBP/USD 60 pips, GBP/JPY 80 pips
In the pictures below 4H Forex System in action.
Share your opinion, can help everyone to understand the forex strategy.
youness benbelaid (Wednesday, 29 July 2020 20:20)
very nice strategie thanx
Thyo (Friday, 31 January 2020 22:06)
Good strategy even on EUR pairs, but sucks on USD pairs.
Good strategy if trade carefully with volume indicators, as this strategy cant filter ranging markets.
Herman Lionheart (Wednesday, 05 June 2019 07:51)
Great system!! More max profit from this strategy if you know price actions and SNR either
Hephron Semyzan (Wednesday, 09 May 2018 05:30)
This strategy truely works.
But one can adjust the T.P according to how he studied the strategy by reviewing its previous crossing situation.
Its lit. ��