You can try the VanessaFX 4 hour system. I have been using it on the GBP/JPY for a short time now and it has been working well. You have to be adle to handle a 100 - 150 pip SL though since that pair moves like lightning
. It uses the daily chart with 4SMA's to determine trend direction and possible targets using S/R levels and it uses the 4 hour chart to find entries using a MA cross, PSAR & MACD Cross. Read the PDF in the below link below if you want more info or to see if it interest you. There's even a Metatrader indicator that can send an SMS alert to your cell phone when a possible trade exist so you can run out of class to make a trade in your schools computer room
.
http://www.babypips.com/forums/free-...long-time.html
Quote:
Originally Posted by n_aftab
Hi,
forex Ninja, can you maybe offer some assistance with that for the newbies, as i personally think its rare to come accross a system that works off day bars or 4 hours. Most of the traders i know prefer to work with shorter time frames,
Perhaps if you directed them to a method of working with the longer time frames this may help?
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