Another 4hr method

[droesparky]

My disclainer: there is always losses with trading!

Here we go.

Recommeded pairs:
gbp/usd, gbp/jpy, eur/jpy, usd/jpy, gbp/chf
Indicators
4hr can be used on 1hr chart with care.
FXsmippersma ------ Settings --- 2, 72, 0, 1
bollinger Squeeze ----- Use default settings
Heiken Ashi Smoothed ----- Settings ---- 0, 20, 3, 12
72 EMA apply to close, color goldenrod
24 EMA apply to close, color cornflowerblue
13 EMA apply to close. color red
72 smoothedMA apply to Open with median lines
SMA color none so it will be hid below the FXsnipperMA
Median lines are the levels on the indicator
settings and should be set to
150, -150, 250, -250, 300, -300
Or for gbp/jpy set to
300, -300, 600, -600, 800, -800


Basic entry rule for the system
Buy
When Price closes above the FXsnipperMA that is the signal bar
Entry at open of next bar There is a alternate entry Ill post next, it is a little safer.
SL is a close below the FXsnippersMA or low of the candle that triggered the entry.
Or 100pips remember that isnt a lot of room on gbp/jpy.

Sell
When Price closes below the FXsnipperMA that is the signal bar
Enter on open of next bar. There is a alternate entry Ill post next, it is a little safer.

SL is a close above the FXsnippersMA or high of the candle that triggered the entry.
Or 100pips remember that isnt a lot of room on gbp/jpy.

For GBP/USD, USD/JPY, & GBP/CHF
Primary target is+100 pips exit half and let the rest run.
Move stop +50 pips every +100 in price move.
A second option on this is to move stop to breakeven after +100 pips and let it all run.
You might get stoped out on a couple of these but the ones that do run will make up for all those.

For GBP/JPY & EUR/JPY Primary target is the 1st median line exit half and let the rest run. GBP/JPY is the best for these trades IMHO.
Move stop +100pips every +200 in price move.
A second option on this is to move stop to breakeven after +100 pips and let it all run.
You might get stoped out on a couple of these but the ones that do run will make up for all those.

________________
DRoesparky

[droesparky]

Instead of taking the open on the next bar after the break of the FXsnipperMA.
Wait until you have the close that breaks the FXsnipperMA then
wait for price to break the high or low of the bar that closed below the FXsnipperMA.
In this case there is a close below the FXsnipperMA so you
would wait for price to break below the low of that bar.

Note the small red line in the trade area.
Enter on that break with the same stops and targets as before.
This is a little safer method and will not get you whipped back over the
FXsnipperMA as often.
With GBP/JPY be ready because it can head right on down or snap back
Also remember each bar itakes 4 hours to form
You are often waiting a day or so for a set up
and you are often in a trade for longer then a day.
Once yu have a bar that closes below just set a entry for a few pips below that bar.
Set your stops and take profits and walk away and let it work

[droesparky]

Yet another trade from this template.

I call this one the "HASbeen" trade.
It is another 4hr trade, using the Heiken Ashi Smoothed indicator.
It is a trade off of the color change of the Heiken Ashi Smoothed Indicator.
Once a bar has closed and the Heiken Ashi Smoothed changed color on that bar,
You make the entry in the direction of the move.
If say the Heiken Ashi Smoothed changes from red to blue, you would enter long on the next bar.
If say the Heiken Ashi Smoothed changes from blue to red you would enter short on the next bar.
Set your stop outside the opposite end of the signal bar.
Notice the target marked by the Green line on the chart. That is the 72 EMA.
The stop is marked by a red lineThat is the low of the signal bar.
Entry is marked with the price tag.
The tartgett can be any of the MAs, the FXsnipperMA, the 72 EMA, or the 24 EMA. Just pick which one you wish to target.

[droesparky]

Here is some charts showing some additional trades that can be taken from this template.

the first one is the FXsipperMA rejecting price.
second is the 24 ema rejecting price
the third is just a ma cross the 13/24 crossing

note again these are 4hr candles and will normally take time to entry or exit.

[droesparky]

Here is a trade I really like using the mysqueeze indicator.

when the boli indicator histogram crosses and forms a bar on the opposite side of the zero line. when that bar closes you wait for the high or low of that bar to be broken and take the trade. A little more risky is to just take the trade as soon as the signal bar closes
the stop is set below the signal bar.

This trade works well on 1h chart also.

[droesparky]

The ZigZag connect trade.
This is also a higher risk trade because it goes against the trend, but sometimes can be very rewarding if the trend is changing.

When the dot appears and the bar closes wait for the high or low of that bar to be broken and take the trade in that directions. Once again you can take the trade at the close of the bar but it is more risky.

[piphunter]

thks for those signals in one template and one chart
but i have some questions and clarification pls

-the first 3 methods(4 H one) cant be used for one hour chart?
-the zigzag corection signal, what does a green one mean and the red one mean, and some they come the red inside the green?
- do u use this strategy already in ur live trades, or still running under demo mode, to make sure about it?
- and if you count your pips made from every different strategy here, which one is the most reliable one to make more pips
- which one is the safer one?
-what is the MEDIAN levels is it kind of indicator as i couldnt find it here
-at the end can i load your pre set template the one for the GBP$ on the gbp/yen chart, or u can attach me pls one template especially for the gbp.yen
thks for your cooperation
edy

[droesparky]

Originally Posted by piphunter

thks for those signals in one template and one chart
but i have some questions and clarification pls

-the first 3 methods(4 H one) cant be used for one hour chart?
Yes but with a little higher risk, it is always best on the 1hr timeframe to wait for the confirmation of a break of the lower low or higher high.
-the zigzag corection signal, what does a green one mean and the red one mean, and some they come the red inside the green?
This is not my indicator and I have no instructions about it. Its my idea that the green is indication of a stronger signal.
- do u use this strategy already in ur live trades, or still running under demo mode, to make sure about it?
I am starting live trading on it now
- and if you count your pips made from every different strategy here, which one is the most reliable one to make more pips
the basic trade (1st one) used like in post 2
- which one is the safer one?
All the trades are safe when used with the higher high and lower low entry. There will be losses, if you stop after the first loss I would like to point out that the method didnt fail, there is just losses in forex.
-what is the MEDIAN levels is it kind of indicator as i couldnt find it here
You can do that with any standard MA, In this case there is a 72 smoothed MA that is hiden below the FXsnipperMA and it has the medians, They are simply level settings of the MA. Pull up any may and go to the levels tab and experiment.
-at the end can i load your pre set template the one for the GBP$ on the gbp/yen chart, or u can attach me pls one template especially for the gbp.yen

In the first post there is a template for the G/J in with the other indicators, then there is a template for G/U by itself in the other zip file.
thks for your cooperation

No problem edy

[droesparky]

BTW one of the two templates should work on most of the pairs.
Try them out to see how the median lines fit.

there is no hard rules on the median lines they are there primarily for targets.

The HASbeen trade is probalby as safe as the basic trade.

I trade under the idea that all trades with a stoploss set are safe.

[jimocean]

And so what is the results like ??