44# 4H Forex System

Submit by Forexstrategiesresources

 

Time Frame and Chats:

- 4 hour GBP/USD chart, 4 hour GBP/JPY chart ;

 

- Daily GBP/USD chart, Daily GBP/JPY chart .

Indicators:

- MACD (12,26,9)

- Parabolic SAR (0.02, 0.2)

- 6 EMA

- 13 SMA

Long Entry

- 6EMA crosses above the 13SMA and MACD lines cross indicating an upwards trend.

- 6EMA crosses above the 13SMA and the Parabolic SAR dot is under the candle indicating an uptrend.

- 6EMA crosses above the 13SMA, MACD lines cross indicating an upwards trend and the Parabolic SAR dot is under the candle indicating an uptrend.

Short Entry

- 6 EMA crosses below the 13S MA and MACD lines cross indicating a downwards trend.

- 6 EMA crosses below the 13 SMA and the Parabolic SAR dot is above the candle indicating a downtrend.

- 6 EMA crosses below the 13 SMA and the Parabolic SAR, MACD lines cross indicating a downward trend and the Parabolic SAR dot is above the candle indicating a downtrend.


Stops daily chart

Initial GBP/USD stop loss = 100 pips

Initial GBP/JPY stop loss = 150 pips

Stops 4H Chart:

nitial GBP/USD stop loss = 70 pips

Initial GBP/JPY stop loss = 90pips

Exit Position:

When 6 Ema crosses 13 EMA;

Profit Target daily chart: GBP/USD 280 pips, GBP/JPY 320 pips,

4H chart: GBP/USD 60 pips, GBP/JPY 80 pips


 

In the pictures below 4H Forex System in action.

 

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4H System Forex Strategies