4H Daily Chart Noob Friendly Trading Sys
Hi,
Please provide me with your feedback on this system. It won't be fixed.
This system should be used with either the 4-hour chart or the daily chart.
Trading rules:
Buy: If a blue candle appears, place a stop loss order above the high of that candle.
Sell: If a red candle appears, place a stop-loss order below the low of that candle.
The risk reward is always 1:1. 4H charts work great. I backtested many pairs and the win rate was over 60%.
I will update about sl soon. Its Beta testing stage. EA will be made soon.
*** In the screenshot, the green line represents winning trades and the red line represents losing trades. A trade or two can be wrong.
Thanks
Please provide me with your feedback on this system. It won't be fixed.
This system should be used with either the 4-hour chart or the daily chart.
Trading rules:
Buy: If a blue candle appears, place a stop loss order above the high of that candle.
Sell: If a red candle appears, place a stop-loss order below the low of that candle.
The risk reward is always 1:1. 4H charts work great. I backtested many pairs and the win rate was over 60%.
I will update about sl soon. Its Beta testing stage. EA will be made soon.
*** In the screenshot, the green line represents winning trades and the red line represents losing trades. A trade or two can be wrong.
Thanks
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