Forex strategy «4H Scalp System» [scalping, multi-currency]: +3750 points in 4 months

Forex strategy «4H Scalp System» is very easy to use, but, as the name implies, quite an active scalping strategy. There are a lot of deals on only one pair, and you can trade on any pair. The presence of a trend in this strategy does not play a special role, although it is worth recognizing that at the moments of protracted and narrow lateral movements, the strategy begins to “excite”.

We tested the strategy for two pairs (EUR/USD and GBP/USD) from September 2022 to January 2023 and the strategy showed a positive result for them in the amount of +3750 points. A negative result was obtained only in one month and for the EUR/USD pair. Just at that moment there was a narrow and protracted lateral movement along the pair.

• Time interval — H4.
• Exponential moving average with a period of 21 — EMA21.

Conditions for BUY to the Forex Strategy «4H Scalp System»:

1) The previous H4 candle closed above the moving average.

2) A new candle opens above the middle of the previous candle (the middle of the candle is high — low).

3) If these conditions are met, then a buy deal is concluded.

4) Stop loss is set in the amount corresponding to the pair (AUD / USD, USD / CHF, USD / CAD — 30, EUR / USD — 40, GBP USD, EUR / JPY, GPB / JPY — 50) For other pairs, this size is all — still have to determine yourself.

5) If the candle closes with a white body, and the deal has not yet been closed, then it should be transferred to breakeven.

6) If the candle closes with a black body, then the trade is closed at the market price.

7) If the first candle after the entry closes at a distance greater than or equal to the size of two stop losses, then the trade is closed.

8) If the deal closes in the positive zone, but at a distance of less than two stops, then only then should a take profit order be set in an amount twice the size of the stop loss order.

Conditions for SELL to the scalping strategy 4H Scalp System:

1) The previous four-hour candle closed below the EMA21 moving average.

2) A new H4 candle opens below the middle of the previous candle (the middle of the candle is high — low).

3) If conditions 1 and 2 are met, then a sell trade is opened.

4) Deposit insurance order — stop loss is set at a distance from the entry corresponding to the pair (AUD / USD, USD / CHF, USD / CAD — 30, EUR / USD — 40, GBP USD, EUR / JPY, GPB / JPY — 50) . For other currency pairs, this stop size will still have to be determined independently.

5) If the H4 candle closes with a black body, and the deal has not yet been closed, then it should be transferred to the breakeven point.

6) If the candlestick closes with a white body, then the trade is closed at the current market price.

7) If the first candle after entering the market closes at a distance greater than or equal to the size of 2 stop-losses, then the deal is closed.

8) If the deal closes in the «+» zone, but at a distance of less than 2 stops, then only then should a profit-taking order be set — a take-profit in the amount of 2 times the size of the stop-loss order.

Video version of the forex strategy «4H Scalp System»:

Video from our partners. Recommended to watch with English subtitles!

• I don’t attach the indicator, because it will automatically be pulled onto the chart in any MT4 after the template is installed.
  Download MT4 template — 4H_Scalp_System_tpl

original