Forex H4 system is good to swing trading. There are two indicators, you can play with settings as you wish. Any currency pairs, commodities, stocks are supported for this system. Higher time frames are the best.
Included the Slope trend line indicator, it´s just a weighted Hull moving average, and template, the Fractals Bill Williams indicator is included on MT4 default indicators.
Because it´s a swing trading system the Take profit could be the oposite signal, when the first candle close above or under the slope line, 2,3 or 4 times the stop range, trailing stopetc look for yourself Take profit.
LONG SETUP
1. Wait the slope trend change from red to blue
2. Find the last high fractal and set a Buy stop order on this
3. Find the last low fractal and set your Stop there
SHORT SETUP
1. Wait the slope trend change from blue to red
2. Find the last low fractal and set a Sell stop order on this
3. Find the last high fractal and set your Stop there
Included the Slope trend line indicator, it´s just a weighted Hull moving average, and template, the Fractals Bill Williams indicator is included on MT4 default indicators.
Because it´s a swing trading system the Take profit could be the oposite signal, when the first candle close above or under the slope line, 2,3 or 4 times the stop range, trailing stopetc look for yourself Take profit.
LONG SETUP
1. Wait the slope trend change from red to blue
2. Find the last high fractal and set a Buy stop order on this
3. Find the last low fractal and set your Stop there
SHORT SETUP
1. Wait the slope trend change from blue to red
2. Find the last low fractal and set a Sell stop order on this
3. Find the last high fractal and set your Stop there
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