Strategy Forex Trend Finder 4hr — a strategy for the H4 charts, which was established to ensure that a trader could easily find the trades with a very high likelihood of profits, as well as quickly recorded the profits and of course, was protected from losing trades.
For trade I recommend to choose Forex Broker with Metatrader 4.
The strategy uses the following indicators for Forex:
1) Awesome Oscillator (AO) Bill Williams, who helps to find and identify the general direction of the trend of the market with high accuracy.
2) Indicator Advanced_ADX determines the strength of the current action in the current trend in the market, but also 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 at the entrance to the market.
And so, on the H4 chart 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 of these indicators forex with a template for Metatrader 4 can be downloaded at the end of the strategy Forex 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 just painted green and is above its level 15.
Tied all the signals, opening the deal to buy at the opening of the next candle after the «signal» (which matched all the signals).
Example look at the picture (to enlarge — click on it — will open in new window):
To transact on the SELL if:
1) Awesome Oscillator indicator is painted in red.
2) Indicator Stochastic_Histogram painted the same red.
3) Indicator Advanced_ADX just colored red and located above its level 15.
Tied all the signals, opening the deal to sell at the opening of the next candle after the «signal» (which matched all the signals).
Discovering the next 2 trading positions with the overall risk of not more than 3% of the size of your deposit.
A safety stop-loss set at 100 points, or for the next local minima (for sale) or for the next local maxima (for sale) — that is less.
For trade position number 1 — set the take profit at 100 points.
For trade position number 2 — TP not intended, but if it keeps up until 2 lights Forex of 3 installed, do not change the color on the opposite.
For the two open transactions — portable stop-loss at break even as soon as the profit on them was 50 points.