Simple Low Risk Price Action Trading w/ TE results

This is a strategy I have been developing for some time and it has proven to be very consistent with great risk/reward opportunities if implemented correctly. This strategy works best during the London and US open hours, but can also be used during the AUD session and Tokyo session with smaller profit targets and stops. I mainly use the 15 minute chart and the 1 hour chart for double checking trades or for long term trades. Take profit and stop loss will vary from trade to trade, but don't enter the trade unless your risk/reward is at least 1:1. I usually take a 1:2 risk/reward ratio or higher. With all 4 signals, you can be more aggressive in achieving your target profit. As I continue to test this strategy, I will keep my trading browser visible. Any constructive comments will be appreciated.

You will need a platform with the following metrics and settings:

Parabolic SAR (red dot)
Random Complete w/ 70 High 30 Low 5 K Cycles 3 D Cycles (red/blue line at bottom of screen)
100 EMA (orange line)
Bollinger Bands (the blue line on the chart)

As for the order of importance for this strategy, I look for signals in the following order:

100 Exponential Moving Average Stochastic Perfect Parabolic SAR Bollinger Bands

The idea is that at least 3/4 of the indicators have correct signals for opening positions. This should happen several times throughout the day, depending on how many pairs you watch. Trading using the 4/4 indicator will always have the best risk/reward.

EDIT: I have now attached a template for this strategy for MT4 to make it as user-friendly as possible. There is now also a BOLD template that provides better visuals for lower resolution displays or higher visibility.

This is another divergence indicator template provided by AngelicaMari.

Here is an example of this strategy:

The first chart is the GBP/USD 1 hour chart. All 4 signals line up here to form a bullish divergence. The price is above the 100 EMA, the Parabolic SAR and the Bollinger Bands midline. Stochastic is below 30 and price is very close to other indicators, allowing for great risk/reward.

The second chart is the 15 minute EUR/JPY chart with a 4/4 signal and bullish divergence. Price is very close to the middle line of the Bollinger Bands, with stops just a few pips below it for favorable risk/reward.

The third chart is an example of the importance of this strategy divergence. Each orange line is a bullish divergence signal, and every time it occurs there is a sharp bullish move. The first orange line also has a 4/4 signal and produces the largest move in the chart.

For more examples, there are tons of examples scattered throughout this thread.