Focused C4 (Focused C4) | Foreign exchange EA download-MT4/MT5 resources-MetaTrader 5 resources
I've been playing C4 because I like seeing the actual price of bricks. I basically use all the same C4 rules but make some changes to the stop loss and take profit prices. However, my exit is still a work in progress, if anyone is interested in helping me come up with some thoughts on this, please do so.
Trading hours:
4 a.m. to 9 a.m. PST, I usually finish between 7 a.m. and 8 a.m.
right:
EU, GU, AU, UJ, EY, GY (only the ones I used may apply to more)
entry:
Look at the current trend of 5m TF. Draw your TL and look for obvious breaking points. If the TL and MA break out by 2 candles, you can enter the trade. Now, if I don't make coffee, I get in at the red vertical line, but on the next candle, I do get in. (My rules are in my head and I learn better by looking at diagrams than by text, so this may not be clear)
Stop Loss: Look for the nearest swing low, as shown by the low green horizontal line. If you feel it is necessary, you can add some
TP: Look for the swing high indicated by the green horizontal line above.
As for the exit price, it may not reach your target price, so paying attention to the PA is crucial to earn more than the standard 5 points. If you're up 10 points, it's usually safe to let these run.
Attached is today's trades are all running fine but the PA is shaky because I entered late and I got positive pips and you have to deal with that.
I'll be posting about Indy next.
Trading hours:
4 a.m. to 9 a.m. PST, I usually finish between 7 a.m. and 8 a.m.
right:
EU, GU, AU, UJ, EY, GY (only the ones I used may apply to more)
entry:
Look at the current trend of 5m TF. Draw your TL and look for obvious breaking points. If the TL and MA break out by 2 candles, you can enter the trade. Now, if I don't make coffee, I get in at the red vertical line, but on the next candle, I do get in. (My rules are in my head and I learn better by looking at diagrams than by text, so this may not be clear)
Stop Loss: Look for the nearest swing low, as shown by the low green horizontal line. If you feel it is necessary, you can add some
TP: Look for the swing high indicated by the green horizontal line above.
As for the exit price, it may not reach your target price, so paying attention to the PA is crucial to earn more than the standard 5 points. If you're up 10 points, it's usually safe to let these run.
Attached is today's trades are all running fine but the PA is shaky because I entered late and I got positive pips and you have to deal with that.
I'll be posting about Indy next.
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