My strategy right now is simple and I’m able to do it on times that I am available for the most part. This strategy trades on the 4h time frame with the assistance of the daily candles to find key zones to look for reactions. This strategy works with me because I work 40 to 50 hours a week and I’m not available to trade very much.
Double top/bottom 4h. (Work in progress)
Rules:
- Trade on trend. Always trade with the overall trend.
- At least 1:2 risk to reward. Risk percentage 1%.
- Entry limit order near the half of the wick of the candle. Trade near the 4h changeover.
- If going long always have previous candle be red and vice versa.
More rules to come to refine the win percentage further.
Example:
1 Like
I just noticed that when a pair pivots it will retest the high there most of the time. A lot of times you may get it to exceed the last bar with stop hunts. But with forward testing and back testing it seems like it works. With some refinement and more rules to follow I can get better results
Will you post trades you’ve taken using this strategy? 
Some example forward testing. I have been testing even on exhaustion phases that go against trend as well. So in these examples you may see that so you may disregard them in the results. Some of the trades don’t work out as well in these so you can see how they shape up. It is always good to keep track of the trades you take that don’t work so you can try to learn why and ways you can avoid those lower probability trades.
You think rule 4 keeps you out of a lot of trades?
I believe that rule 4 helps pinpoint the best entry. If I try to find the entry after it has already gone the way I wanted then two things can occur which are that it doesn’t come back until the move is over or that the trade didn’t work anyways and it drops back against the way I wanted it to thus stopping me out
Yea that makes sense.
On rule 3, can you explain that more with your image in post 1. A bit confused on your entry.
The best way in my opinion to enter is closer to the lower time frames. Since I do not have time to sit and watch the charts for the best entry I must use a limit order to wait for the price to come back. I choose to enter near the half way inside of the wick of the candle. When the 4 hour candle ends and the next one begins the price comes back to retest and sometimes goes further sometimes not as far as that candle but at any rate I’m still looking to be triggered into the trade at the willingness of price to come back before going the other way.
The rules look pretty good to me. 
After trying out a lot of indicators and strategies, now I mostly just trade with MAs. 
If you don’t mind, how did you end up with this strategy? 
