4H Daily Chart Noob Friendly Trading System - No Fancy | Forex Factory

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4H Daily Chart Noob Friendly Trading System - No Fancy

  • #1
  • First Post: Edited Jun 11, 2020 11:52pm May 31, 2020 10:36am | Edited Jun 11, 2020 11:52pm
Hi,
Kindly give me your feedbacks about this system. it wont repaiting.
This system should be used with 4H or daily chart.

Trading rules:

Buy: If blue colour candle appears then place buystop order above that candle high.
Sell: If red colour candle appears then place sellstop order below that candle low.

risk reward always 1:1. 4H chart works good.. i had backtested on many pairs and it have more than 60% win rate.
I will update about the sl soon. Its beta testing phase. will make EA soon.

*** In screenshot green lines indicates winning trade and red line indicates losing trade. One or two trades might be wrong.

Thanks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 261 KB
Click to Enlarge Name: Screenshot2.png Size: 221 KB
Click to Enlarge Name: Screenshot3.png Size: 264 KB
Click to Enlarge Name: Screenshot4.png Size: 140 KB
Attached File(s)
File Type: ex4 Swing trade Candles.ex4   19 KB | 1,015 downloads | Uploaded Jun 11, 2020 11:52pm
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #2
  • May 31, 2020 10:45am May 31, 2020 10:45am
herewith i had attached screenshot for entry and stoploss
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 244 KB
Click to Enlarge Name: Screenshot2.png Size: 140 KB
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #3
  • May 31, 2020 10:54am May 31, 2020 10:54am
Thanks for that simple system. What is the indicator based on ?
Stick to the plan!
  • #4
  • May 31, 2020 11:01am May 31, 2020 11:01am
Quoting vijiragavan
Hi, Kindly give me your feedbacks about this system. it wont repaiting. This system should be used with 4H or daily chart. Trading rules: Buy: If blue colour candle appears then place buystop order above that candle high. Sell: If red colour candle appears then place sellstop order below that candle low. risk reward always 1:1. 4H chart works good.. i had backtested on many pairs and it have more than 60% win rate. I will update about the sl soon. Its beta testing phase. will make EA soon. *** In screenshot green lines indicates winning trade and...


Could you please share the indicator name used in this method. Then we can check on on depth
  • #5
  • May 31, 2020 11:30am May 31, 2020 11:30am
Quoting Klausi
Thanks for that simple system. What is the indicator based on ?
Based on moving average but with some tweaks which is good to catch either move[up or down]. so not exactly moving average but its part of it.
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #6
  • May 31, 2020 12:09pm May 31, 2020 12:09pm
Quoting inversio
{quote} Could you please share the indicator name used in this method. Then we can check on on depth
you can visual backtest this system.. i tested it and it works good. this system is based on moving average with additional variables to detect trend change quickly. so that it can catch up or down move quicly. even during ranging market, this system works good..
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #7
  • May 31, 2020 12:38pm May 31, 2020 12:38pm
Quoting vijiragavan
Hi, Kindly give me your feedbacks about this system. it wont repaiting. This system should be used with 4H or daily chart. Trading rules: Buy: If blue colour candle appears then place buystop order above that candle high. Sell: If red colour candle appears then place sellstop order below that candle low. risk reward always 1:1. 4H chart works good.. i had backtested on many pairs and it have more than 60% win rate. I will update about the sl soon. Its beta testing phase. will make EA soon. *** In screenshot green lines indicates winning trade and...
Repaint or no?
  • #8
  • May 31, 2020 12:53pm May 31, 2020 12:53pm
Quoting LanggengBU
{quote} Repaint or no?
it wont repaint.. you can backtest it
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #9
  • May 31, 2020 1:38pm May 31, 2020 1:38pm
Quoting vijiragavan
{quote} you can visual backtest this system.. i tested it and it works good. this system is based on moving average with additional variables to detect trend change quickly. so that it can catch up or down move quicly. even during ranging market, this system works good..

thanks dear for you to share of your simple method...in my question is do you mean in buy candle appear in 4h chart you put a buy order soon open a next candle ? is it correct ? is it ok how do you work with the end of the current trend ? ple write when you free
  • #10
  • May 31, 2020 1:48pm May 31, 2020 1:48pm
Quoting sam1967
{quote} thanks dear for you to share of your simple method...in my question is do you mean in buy candle appear in 4h chart you put a buy order soon open a next candle ? is it correct ? is it ok how do you work with the end of the current trend ? ple write when you free
i dunno what you are asking. anyway already attached some screenshots.. try to understand it.. If you have any doubts the explain it more clearly.. thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 149 KB
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #11
  • May 31, 2020 2:09pm May 31, 2020 2:09pm
Quoting vijiragavan
{quote} i dunno what you are asking. anyway already attached some screenshots.. try to understand it.. If you have any doubts the explain it more clearly.. thanks {image}

thanks dear for your quick reply...i also mean same thin . when bull candle appear we can get buy trade .but my question is dear as per your chart after your take profit line again appear bull candle but most recently closed the current trend.if we put again buy order it will be loss i am asking how do you manage it
  • #12
  • May 31, 2020 2:29pm May 31, 2020 2:29pm
Quoting sam1967
{quote} thanks dear for your quick reply...i also mean same thin . when bull candle appear we can get buy trade .but my question is dear as per your chart after your take profit line again appear bull candle but most recently closed the current trend.if we put again buy order it will be loss i am asking how do you manage it
sorry i am not good english yet i tried my best.. you have to wait for signal. please see the attached image. if still have doubt then tell me..

buy trades- above blue bar candle high which appear after red bar
sell trades - below red bar candle low which appear after blue bar
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 162 KB
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #13
  • May 31, 2020 6:52pm May 31, 2020 6:52pm
Quoting LanggengBU
{quote} Repaint or no?
Did you read the first line?
All you touch and all you see, is all your life will ever be.
  • #14
  • May 31, 2020 8:14pm May 31, 2020 8:14pm
i will add alert and update the file
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #15
  • May 31, 2020 9:09pm May 31, 2020 9:09pm
Quoting vijiragavan
{quote} sorry i am not good english yet i tried my best.. you have to wait for signal. please see the attached image. if still have doubt then tell me.. buy trades- above blue bar candle high which appear after red bar sell trades - below red bar candle low which appear after blue bar {image}

ok thanks dear for your detail explanation as per your chart we have to trade based on strong trend
  • #16
  • May 31, 2020 9:14pm May 31, 2020 9:14pm
Looks identical to a heikin ashi chart.
  • #17
  • May 31, 2020 11:46pm May 31, 2020 11:46pm
Quoting thegrimreape
Looks identical to a heikin ashi chart.
yes but it is not.. better than heiken ashi
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #18
  • Jun 1, 2020 2:54am Jun 1, 2020 2:54am
Quoting vijiragavan
{quote} yes but it is not.. better than heiken ashi

dear sorry for disturbing to you...do you using this method from long time..in real ac.?
  • #19
  • Jun 1, 2020 2:58am Jun 1, 2020 2:58am
Quoting sam1967
{quote} dear sorry for disturbing to you...do you using this method from long time..in real ac.?
yes but i used it as different way.. i use it to scalp or day trade usually.. bit impulsive trade.. made some nice profit but obviously screwed because of my greediness. over risk and emotions but system is good..
Still learning. Telegram @TraderJaya
divergence scalping All Time Return: -99.8%
  • #20
  • Jun 1, 2020 3:05am Jun 1, 2020 3:05am
Quoting vijiragavan
{quote} yes but i used it as different way.. i use it to scalp or day trade usually.. bit impulsive trade.. made some nice profit but obviously screwed because of my greediness. over risk and emotions but system is good..
ok thanks as my understanding always we have to enter to the trade by 2 nd candle of the red or green candle ? am i correct?
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