292# LawGirl's 4H strategy Trading System

Submit by Maurizio B. 02/02/2012

 

All Currency Pairs

Time Frame:

4 Hr Chart

Indicators:

1)      RSI (Period: 3)

2)      Trend Lines

3) LawGirl's

 

Rules

Use the RSI with period 3 to know the trend. If the RSI is upwards for all the three timeframes then draw a trend line connecting lows of the candlesticks. After it touches at least 3 times the trend line the next time when it touches the trend line again enter a long trade.

Similarly if the RSI is downwards for all the three timeframes then draw a trend line connecting highs of the candlesticks. After it touches at least times the trend line the next time when it touches the trend line again enter a short trade.

Take Profits (TP) and Stop Losses (SL)

You can place set TP and SL if you are more comfortable with that. It is best to use support and resistance levels for both. Remember that H4 and larger TFs must have more breathing room, so do not place stops too tightly.

 


In the pictures LawGirl's 4H strategy forex system in action.

Lawgirl's Trend Display
Forex Trading System
Lawgirl's Trend Display v1.02.rar
compressed file archive 2.9 KB

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4H Forex Strategies

Trendlines1
Trading System
Trendlines1.rar
compressed file archive 1.7 KB