Great GBP/USD Strategy for Swing Trades

Thank you for your comment Josi, but the beauty of trading is to know where the market will trend to before trending,and set you stoploss before takes profit.

thousands of trading strategy, we can only choose one of them that is working for us steadily

gbp/usd update , Friday open position for short still running as you can see.

Thanks to the writer of this thread with stochastics.
this is how the strategy works. just follow the steps. in this example for buy trade. the opposite is the sell trade.

The 3 color MACD indicator mentioned in 1trader2's post was not working. Here is the repaired indicator in case someone wants to give it a try. See source comments for code changes. Settings are 13, 50, 4.

Great Thread @VyNNer. Thanks

here is one more which works for me.

When the 4-hour chart gives a perfect EMA crossover setup (say, for a long), but the daily stochastic filter disagrees (like if Slow %K is below %D) — do you skip the trade entirely, or is there some flexibility in your rules?

Please can you help me with this code sorry i posted it here but guess you will be here i dont know how i can compile it cos it was generated by Ai perhaps with your experience maybe it can be done .Thanks
mq4
#property indicator_chart_window
#property indicator_buffers 6
#property indicator_plots 6
//--- Plot settings
#property plot_label "Buy"
#property plot_type DRAW_ARROW
#property plot_color clrLime
#property plot_width 2
#property plot_label2 "Sell"
#property plot_type2 DRAW_ARROW
#property plot_color2 clrRed
#property plot_width2 2
#property plot_label3 "STOP"
#property plot_type3 DRAW_ARROW
#property plot_color3 clrRed
#property plot_width3 2
#property plot_label4 "ENTRY"
#property plot_type4 DRAW_ARROW
#property plot_color4 clrLime
#property plot_width4 2
#property plot_label5 "TP"
#property plot_type5 DRAW_ARROW
#property plot_color5 clrGold
#property plot_width5 2
//--- Inputs
input int FastEMA = 9;
input int SlowEMA = 21;
input double RiskPips = 20;
input double RewardPips = 40;
//--- Buffers
double BuyBuffer[], SellBuffer[], StopBuffer[], EntryBuffer[], TPBuffer[];
int OnInit()
{
SetIndexBuffer(0, BuyBuffer);
SetIndexArrow(0, 233); // up arrow
SetIndexBuffer(1, SellBuffer);
SetIndexArrow(1, 234); // down arrow
SetIndexBuffer(2, StopBuffer);
SetIndexArrow(2, 159); // dot
SetIndexBuffer(3, EntryBuffer);
SetIndexArrow(3, 159);
SetIndexBuffer(4, TPBuffer);
SetIndexArrow(4, 159);
ArraySetAsSeries(BuyBuffer,true);
ArraySetAsSeries(SellBuffer,true);
ArraySetAsSeries(StopBuffer,true);
ArraySetAsSeries(EntryBuffer,true);
ArraySetAsSeries(TPBuffer,true);
return(INIT_SUCCEEDED);
}
int OnCalculate(const int rates_total, const int prev_calculated, const datetime &time[], const double &open[], const double &high[], const double &low[], const double &close[], const long &tick_volume[], const long &volume[], const int &spread[])
{
int limit = rates_total - prev_calculated;
if(prev_calculated>0) limit++;
double fast[], slow[];
ArraySetAsSeries(fast,true);
ArraySetAsSeries(slow,true);
CopyBuffer(iMA(NULL,0,FastEMA,0,MODE_EMA,PRICE_CLOSE),0,0,rates_total,fast);
CopyBuffer(iMA(NULL,0,SlowEMA,0,MODE_EMA,PRICE_CLOSE),0,0,rates_total,slow);
for(int i=limit-1; i>=0; i--)
{
BuyBuffer[i]=EMPTY_VALUE;
SellBuffer[i]=EMPTY_VALUE;
StopBuffer[i]=EMPTY_VALUE;
EntryBuffer[i]=EMPTY_VALUE;
TPBuffer[i]=EMPTY_VALUE;
if(fast[i] > slow[i] && fast[i+1] <= slow[i+1]) // Bullish cross
{
BuyBuffer[i] = Low[i];
double entry = Close[i];
EntryBuffer[i] = entry;
StopBuffer[i] = entry - RiskPips*_Point;
TPBuffer[i] = entry + RewardPips*_Point;
}
if(fast[i] < slow[i] && fast[i+1] >= slow[i+1]) // Bearish cross
{
SellBuffer[i] = High[i];
double entry = Close[i];
EntryBuffer[i] = entry;
StopBuffer[i] = entry + RiskPips*_Point;
TPBuffer[i] = entry - RewardPips*_Point;
}
}
return(rates_total);
}

Hi Slingshots1
I cleaned and recompiled it.
Please check if this is what you were looking for

Almost there but i guess the Ai omitted some functions please if its not too much kindly help me out . The code used by the Ai is from the attached arrow based on the 20sma middle bollingerBand plus williams percentageR strategy on a one hour chart . What im trying to achieve with the arrow is for the Ai to add 3DOTS with each DOT representing STOP LOSS.... ENTRY ... TAKE PROFIT following the strategy rules , in a BUY action , candle cross up and close above the middle bb not touching the UPPER BB LINE, a DOT will be under the arrow as STOP LOSS....next DOT will appear 5pips into the next candle as ENTRY... and last DOT will appear at the UPPER BB LINE as TAKE PROFIT.This was the instruction i gave the Ai. The arrow has a vertical line marking the cross along with the arrow. I also attach the actual instruction as a guide. Thanks

Hello many thanks for the cleaned up indicator please can you help in adding alert to the attached indicator , when the vertical yellow line occur either at the top or bottom of the price movement i think its more or less a reversal indicator .Thanks

The British Pound vs. US Dollar (GBP/USD, or "Cable") is a brawler. For swing traders, its distinct personality means it respects higher-timeframe market structure, but it loves to aggressively hunt liquidity and fake out early participants before making its actual multi-day move.
The Strategy: H4 Liquidity Sweep + Daily Trend Alignment
Because GBP/USD is famous for false structural breakouts, the best swing strategy is a **Counter-Retail Stop Hunt** aligned with the major daily trend.
```
[Daily Resistance / Liquidity Pool]
( Sweep High ) <-- Entry Short on Rejection
/\
Daily / \ /
Uptrend ---> / \ /
/ \/
[H4 Support]

```
* Step 1 (Daily Filter): Identify the primary trend on the Daily chart using the 50-day Moving Average. Only take swing trades that align with this directional macro momentum.
* Step 2 (H4 Setup): Mark the previous week’s high and low. Wait for price to aggressively run past these levels to trap breakout traders.
* Step 3 (The Trigger): Do not buy the breakout. Wait for an H4 candle to sweep the liquidity and close back *inside* the key level, forming a rejection wick.
My Recommendation
Execute the Trap-and-Reverse entry. Set your stop loss tightly behind the fake-out wick, and target the opposing week's liquidity pool. This structure gives you an asymmetric Risk-to-Reward ratio (typically 1:3 or higher) by letting the market hunt everyone else's stops before pulling you into the real trend.