Binary option CHL: Forex 4h strategy

Simple 4H Swing Strategy - 923 pips in 2 weeks.

Hey, I am trading this system for 3 months, gained several hundred pips and about 50% on account.. and I would really like to turn it to an EA.

Its rules are very simple:

It is based mainly on price movement, and the fact that prices like to retrace to trending moving average and bounce from it, creating strong movements.

Last 2 Weeks Results.

GBPUSD: +212 pips.

EURUSD: +712 pips.

This system works on any charts; I prefer using it on 4H and 1H charts.

Be sure to backtest it before you try it on any other time frame.

Entry is made after price bounces from Bollinger's Moving Average, when the Moving Average is trending (pointing up or down).

After price has bounced from MA (Created a bullish candle for long trades or bearish for short), place stop order 1 pip above the candle (for long) or below the candle (for short). Watch examples for clarifications.

Stop Loss is 1 pip below low of the previous bar (for long trades), and 1 pip above high of previous bar + spread (for short trades).

This is what this system is all about.

Stop Loss is trailed to 1 pip below lowest low of last 4 bars (for long trades) and to 1 pip above highest high of last 4 bars (for short trades). Exits are done only by the trailing stop.

I risk 2% of starting equity on each trade.

That's about it. More examples for trades can be found at my blog, I also post weekly results there.

Many pips to all of us =]

Help on creating EA will be much appreciated.

Entry is made after price bounces from Bollinger's Moving Average, when the Moving Average is trending (pointing up or down).

in some cases in examples bar touches MA, in some not - may be "bounce from the BB MA" needs to be qualified in more details.

Entry is made after price bounces from Bollinger's Moving Average, when the Moving Average is trending (pointing up or down).

in some cases in examples bar touches MA, in some not - may be "bounce from the BB MA" needs to be qualified in more details.

You are right, this is one part which is a bit hard to program.

Any time when candle comes close to MA (it doesn't have to touch it), and than a candle in the opposite direction is created - I will take the trade. Bounce is declared after candle in the opposite direction is closed.

After a 'Bounce' I put orders above the high (or below the low for short).

More questions are welcome..

do you only use BB and candle pattern? any other confirmation signal?

Only BB And candle pattern.

The confirmation signal is the candle in the opposite direction confirming the bounce. After that candle is closed I put the stop orders .

looks intresting 923 pips in 2 weeks.

in your charts you showed entry before the candlw in the direction of the trade closed. see the first chart, a bearish candle went near teh BB line, then the next candle was bullish, but u did not enter at close of that candle.

Hey, I am trading this system for 3 months, gained several hundred pips and about 50% on account.. and I would really like to turn it to an EA.

Its rules are very simple:

It is based mainly on price movement, and the fact that prices like to retrace to trending moving average and bounce from it, creating strong movements.

Last 2 Weeks Results.

GBPUSD: +212 pips.

EURUSD: +712 pips.

This system works on any charts; I prefer using it on 4H and 1H charts.

Be sure to backtest it before you try it on any other time frame.

Entry is made after price bounces from Bollinger's Moving Average, when the Moving Average is trending (pointing up or down).

Stop Loss is 1 pip below low of the previous bar (for long trades), and 1 pip above high of previous bar + spread (for short trades).

This is what this system is all about.

Stop Loss is trailed to 1 pip below lowest low of last 4 bars (for long trades) and to 1 pip above highest high of last 4 bars (for short trades). Exits are done only by the trailing stop.

I risk 2% of starting equity on each trade.

That's about it. More examples for trades can be found at my blog, I also post weekly results there.

Many pips to all of us =]

Help on creating EA will be much appreciated.

Look closely at chart #1 - At first I had the bullish candle that bounced off the Moving Average at about 1.2735. It was closed.

I entered when price broke the high of this candle - in this case it was a bearish star that did it. It doesn't matter - what's important is that there's a candle breaking the last candle's high.

So, you mean if MA trends up and a SHORT candle's LOW is close or touches MA and then a LONG candle is formed, you place a BUY order at the last LONG candle's HIGH and a stop limit at the last 4 candle's LOW? Is that correct?

923 pips in 2 weeks ?!

can you show us the results each month.

Indeed. You can post some pictures of your own trades if you want further confirmation..

The Four-Hour Trader, A Full Trading Plan.

Price action and Macro.

Traders can implement a well-heeled plan taking only four hours per week The four-hour chart can be ideal for Forex Traders looking to trade around the clock We outline a full plan based around Price Action that traders can begin using today.

All of the sudden, the world has gotten very small; and life is moving faster than ever before.

The internet presents a lot of benefits to the human species; but time management is not one of them. As competition for page views, viewer numbers, and attendance continues to heat up, very little in this life emphasis a slow and steady approach.

But to the trader, in many cases, that is the best way to go about speculation in markets: Slow, steady, and consistent.

But being there as a trader, and getting there as a new speculator are completely different markets. In this article, we’re going to outline a complete trading plan that will take less than four hours of a trader’s time each week. And further, this is an approach that can be focused on longer-term moves, and swings.

If you have a day job, or any other pre-existing commitments that limits your time on charts, this is an approach that can offer quite a few benefits.

The Center of the Approach.

The 4-hour chart plays a special role in the FX market.

Most equity markets are open between 8 and 9 hours each day, and as such, the four-hour chart might take on less importance. After all, a four-hour chart just shows two bars for each trading session, so traders might as well just look at the daily chart.

But in the Forex market, the four-hour time frame takes on special importance. The market never closes, and traders are literally Trading the World . The four-hour candle represents half of each geographic trading session. Each of these sessions can take on markedly different tones, and that is where traders can look for potential opportunities.

In the FX Market, traders are truly ‘Trading the World’

Traders can use the price movements and gyrations on these four-hour charts to analyze markets, and find potential pockets of opportunity.

Watch for the close of each 4-hour candle that you can. Using the New York close to define ‘financial time’ means that we’re seeing candles close at 5, 9, and 1 AM and PM (based on ET). If you’re using Central Time, that’s 4, 8, and 12 AM/PM while Pacific Time is 2, 6, and 10 AM/PM.

If you’re busy at the time, Mobile Applications can generally offer you what you need to perform the analysis at the close of each of these candles.

Traders can then take a ten-minute block of time upon the close of each of these four-hour candles to look for potential trade setups, while also using this as an opportunity to manage risk.

If the trader is awake for four of the six four-hour candles that form each day that would mean that the trader would need approximately 40 minutes per day to analyze charts. If time permits, an additional 10-15 minutes can be used at or around the daily close.

The total time commitment required is 40-50 minutes each day, for a total of 200-250 minutes per week (240 minutes is 4 hours).

Use Price Action to locate the strongest trends.

Trends in markets can be easily graded and seen with price action… by simply looking for charts to make progressively higher-highs, and higher-lows (in the case of an uptrend), and lower-lows, and lower-highs (for downtrends).

Price Action can help traders locate the strongest trends.

Higher-highs and Higher-lows denote an up-trend per Price Action.

In the article Price Action, an Introduction we look at a way that traders can grade trends without the use of any indicator at all, using just past prices.

Traders want to look to trade in the direction of these trends; buying up-trends, and selling down-trends. But, is it enough to just buy up-trends or sell down-trends and ‘hope’ that they continue? No. Traders can use price action to appropriate their entries into these positions.

Use Price Action to buy up-trends cheaply, and sell down-trends expensively.

Once a strong trend has been located, the trader can then look to plot their entry by looking for a ‘trigger’ into the position via price action.

Once again, traders want to look to efficiently buy up-trends when price is cheap, or near support. We looked at how traders can find this support in the article, Price Action Swings .

Traders can look to buy up-trends after a recent swing low.

Traders buying up-trends can wait for a ‘higher’ swing low to form before entering.

Traders can look for additional confirmation of the entry by looking to the price action candles that form at or around those swings.

We looked at quite a few of these triggers in Trading Bearish Reversals (for down-trends) , and The Hammer Trigger for Bullish Reversals (for up-trends).

Traders can look for bullish triggers at or around recently printed new lows.

Use Stops and Limits to Enforce Favorable Risk-Reward Ratios.

We talk about this a lot at DailyFX, and there is a reason for it: It’s important!

One of the main premises of our price action education is that future prices are unpredictable, and as such, there is no such thing as a ‘holy grail’ or ‘can’t lose’ strategy.

By adding a stop and limit, and letting the trade work – the trader eliminates the possibility of making a knee-jerk reaction that they may end up regretting. It also enforces a favorable risk-reward ratio, and puts traders in the most promising spot to avoid the number one mistake that Forex traders make.

Since traders are looking at their charts for each four-hour bar, they have built-in trade management for each position that they take on.

Traders can use the close of each four-hour candle as an opportunity to adjust stops ( particularly the break-even stop ), or to take profits while also looking to trigger new positions.

Traders can take this a step further by trailing their stop in an effort to lock in gains in the event that the trend gets especially built-in. We looked at this premise in Trading Trends by Trailing Stops with Price Swings.

Traders can lock up gains to maximize trends.

Created by James Stanley.

-- Written by James Stanley.

James is available on Twitter JStanleyFX.

To join James Stanley’s distribution list, please click here .

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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Past performance is no indication of future results.

DailyFX is the news and education website of IG Group.

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Binary option CHL

вторник, 8 мая 2018 г.

Forex 4h strategy

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вторник, 8 мая 2018 г.

Forex 4h strategy

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вторник, 8 мая 2018 г.