539# 1 hour and 4 hours trading
1H and 4H trader trading system
Submit by Mike Trader 21/02/2014
1hour and 4 hours trader is an trading system trend-momentum based on the indicators of the trend and the indicators of momentum.
Time Frame 15 min, 30 min, h1 and h4. Best Time frame 1h and 4h.
Currency pairs: EUR/USD, GBP/USD, AUD/USD, USD/CHF, GBP/JPY, EUR/JPY, AUD/JPY, NZ/USD.
Metals: Gold and Silver.
Non lag doT (0, 20);
The Groovy spot;
Bid and Ask price;
Chaotic indicator (16, 4.6, 2.5);
Ama bands (9, 30, 2),
Stochastic RSI with trend wave (10, 21),
Super trend indicator (20)
Rules for 1hour and 4 hours trader
This is a framework template, the trading with this template is discretionary.
Trade in direction of the trend.
Trade with 3 indicators in the same direction.
Trading in multi time frame: define the trend on the 4 hour chart, after go on the 60 min chart, trade in the direction of the trend of the 4H.
Exit positions options:
1) At the opposite arrow ;
2) non lag dot changes colour;
3) Chaotic indicator changes directions.
Initial stop loss at the previous swing
In the pictures 1 hour and 4 hours trading in action.