26# GPY 4H Strategy Trading System

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Entry Position

1) Enter the Market at the open of the 08:00 candle on a 4 Hourly GBP/JPY Chart.

2) Buy if the 4:00 Candle closed as a Blue Candle, and the MACD Histogran Bar is

above the 0 Line and increasing in length.

3) Buy if the 4:00 Candle closed as a Blue Candle and the MACD Histogram Bar is

below the 0 Line and decreasing in length.

4) Sell if the 4:00 Candle closed as a Red Candle, and the MACD Histogran Bar is

below the 0 Line and increasing in length.

5) Sell if the 4:00 Candle closed as a Red Candle, and the MACD Histogran Bar is above the 0 Line and decreasing in length.

6) It is a NO TRADE if the 4:00 Candle closes as a Blue Candle and MACD

Histogram Bar is below the 0 Line and increasing in length.

7) It is a NO TRADE if the 4:00 Candle closes as a Blue Candle and MACD

Histogram Bar is above the 0 Line and decreasing in length.

8) It is a NO TRADE if the 4:00 Candle closes as a Red Candle and MACD Histogram Bar is above the 0 Line and increasing in length.


9) It is a NO TRADE if the 4:00 Candle closes as a Red Candle and MACD Histogram Bar is below the 0 Line and increasing in length.

 

Exit

Our target is to get 100 pips or more. We therefore trade 2 Lots and we Exit when

1) When we Achieve 100 pips Profit we exit one Lot.

2) We stay in the Market with the other Lot looking for some additional Pips.

We exit at the open of the next Candle if the next candle opens one pip less than our current candle if we are Long and one pip more than the current candle if we are Short.

Forex Signal
MACD 3 COLOUR.rar
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Reverse

If we are SHORT and before we achieve our Profit Target of 100 pips and the Market starts retracing as shown in the chart below, we Reverse as soon as the market goes one pip above the open of the 4:00 Candle.

If we are LONG and before we achieve our Profit Target of 100 pips and the Market starts retracing as shown in the chart below, we Reverse as soon as the market goes one pip below the open of the 4:00 Candle.

 

 

 

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Comments: 2
  • #1

    Venu Yedlapalli (Sunday, 10 May 2015 18:57)

    I have been trading using LO strategy successfully. I did make a few adjustments to fit my aggressive trading style. Thanks for posting this.

  • #2

    yves (Monday, 11 May 2015 16:25)

    Good strategy very simple but your target is too high! For me the first target maybe at 20pips

4H Forex Strategies