Simple 4H System | Foreign exchange indicator download - MT4/MT5 resources

I have been using this system for a while as it is the basis of my trading. This is really nothing new, there are a lot of similar things on the forum. I plan to post a chart with the entries and thoughts. My intention is to keep it as simple as possible. I think now is the time to share and discuss. So, here it is:

Currency pair: EU

Time frame: 4 hours

Indicators: 7, 14 and 30 EMA

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Entry and Stop Loss

1. Wait for the crossover of the 7/14 EMA. The price must be above the 30 EMA for long positions and below the 30 EMA for short positions.

2. Enter on pullback to EMA, you can use PA on 5 or 15M, if not,
Place limit orders between 7 and 14 EMA, taking into account SR.

3. Place your stop loss below the last swing low below the 30 EMA.

4. Continue to add positions when the price enters the 7/14 EMA area.

5. When price hits and reverses the 30 EMA, continue to move the stop.

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profit target

Option 1. Set the profit target on all positions to 300 pips higher than your first entry.

Option 2. Wait for the stop loss to move before placing the stop loss.


See example below :