Trend Finder 4hr (Trend Finder 4hr) | Forex Indicator Download - MT4/MT5 Resources

Hello everyone,
This is a 4 hour system that I have been developing and has been proven to have consistent positive results.

Daily Trend Finder is a variation of this system that uses daily charts. It has a higher entry probability and a longer moving distance.

Summary <br> The backbone of the system is Bill Williams' Awesome Oscillator. When combined with the indicators detailed below, it becomes a very high-precision trading tool. It has become very consistent on the 4-hour chart. This system is designed to find high probability trades on the 4 hour chart and lock in profits quickly and protect you from losses quickly.

Development <br> It all started when I added a great oscillator to a chart and started realizing its true potential. However, you will soon realize that the momentum oscillator alone is not a powerful enough indicator. After months of testing over 25 different indicators with God knows how many different settings, I finally settled on the following:

1. The Momentum Oscillator is very accurate in determining the overall direction of a trending market.
2. ADX determines the strength of the current trend, and confirmation of direction.
3. Stochastic helps determine when a trend is actually changing direction.

In short,
The awesome oscillator shows the direction of the market, the adx shows you that it has enough power for you to gain a decent amount of pips, and the stochastic oscillator confirms the trend movement, these 3 indicators together provide very reliable entry signals.

These three metrics may sound confusing, but they are actually very simple, so read on for the complete details of the system.

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system

Chart Settings <br> Open the 4 hour chart.
Add awesome oscillators.
Add random histogram, set to 5, 3, 3.
Add the Advanced_ADX indicator with a 13-day period.

Growth standards:
1. The awesome oscillator is green.
2. Random histograms are green.
3. The ADX indicator is green and above the 15 line.

It's that simple! 3 greens means a "long run"!

Short-term entry criteria:
1. The awesome oscillator is red.
2. Random histogram is red.
3. The ADX indicator is red and above the 15 line.

That’s it for the shorts! 3 Red indicates short circuit.

Money management and exit strategies
1. Open 2 transactions with a total risk not exceeding 3% of your total available balance.
2. Set the stop loss on both trades to -100 pips.

Trade 1: Set Take Profit to +100 pips.
Trade 2: This trade is allowed to proceed until 2 indicators show reverse signals.
Two trades: When you reach +50 pips, set the stop loss to 0 for both trades. (Break-even)
Two Trades: Ignore any exit signals on both trades until +50 is reached and breakeven is set.
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Example

http://img389.imageshack.us/img389/6894/smallch2.gif
Click here to enlarge image

Example results

Long entry 1:
Transaction 1: +100
Transaction 2: +155

Short entry 1:
Transaction 1: +100
Transaction 2: +34

Long entry 2:
Transaction 1:0
Transaction 2:0

Short entry 2:
Transaction 1: +100
Transaction 2: +186

Long entry 3:
Transaction 1: +100
Transaction 2: +65

Short entry 3:
Transaction 1: +100
Transaction 2: +184

Long entry 4:
Transaction 1:0
Transaction 2:0

Total example

1 pair of 7 trades in 9 trading days:
5 winning trades.
2 breakeven trades.
0 losing trades.
+1124 points.

I've attached the metrics along with the template I'm using below.

That's it, I hope this brings you as much success as it did me.
If you have any questions, please feel free to ask.

Good luck to everyone!