Some of you may know me from my last thread I posted. "Easy system/indicator". That system was for people wanting to gain some good day trading pips.
This indicator was shared with me by Kevinator. He has been of great help to my trading and others. Thanks Kevin!
Today, I want to share with you a new system/indicator. This system is for those that like simplicity and holding on to there positions for a period of a few days or more. Do not over look it's simplicity. It can bring in any where from 50-500+ pips per signal on the GBPUSD.
It has been tested on the GBPUSD. I will test other pairs in the coming days and weeks.
Trading Rules.
You will be using only the 4 hour and 1 hour charts for this trading method.
mark the 4 hour trend start with a vertical line or mt4 tool.
Now go down to the 1 hour chart and see if trend matches 4 hour chart. if so enter your trade right away. If not wait till 1 hour trend is in agreement with the 4 hour.
Exit rules.
When the 4 hour chart trend is or has changed as shown in the attached pictures
The indicator lags just a little so that's why I marked the vertical lines where I did. An accruate signal is when it's just about to pass the middle 0.00 level going down or up.
This indicator is one of the best trend indicators around. It's very solid and can be used successfully in many different ways. Enjoy!
This indicator was shared with me by Kevinator. He has been of great help to my trading and others. Thanks Kevin!
Today, I want to share with you a new system/indicator. This system is for those that like simplicity and holding on to there positions for a period of a few days or more. Do not over look it's simplicity. It can bring in any where from 50-500+ pips per signal on the GBPUSD.
It has been tested on the GBPUSD. I will test other pairs in the coming days and weeks.
Trading Rules.
You will be using only the 4 hour and 1 hour charts for this trading method.
mark the 4 hour trend start with a vertical line or mt4 tool.
Now go down to the 1 hour chart and see if trend matches 4 hour chart. if so enter your trade right away. If not wait till 1 hour trend is in agreement with the 4 hour.
Exit rules.
When the 4 hour chart trend is or has changed as shown in the attached pictures
The indicator lags just a little so that's why I marked the vertical lines where I did. An accruate signal is when it's just about to pass the middle 0.00 level going down or up.
This indicator is one of the best trend indicators around. It's very solid and can be used successfully in many different ways. Enjoy!
Attached File(s)
SSRC.mq4
7 KB
|
9,724 downloads