Forex LawGirls 4H Trading System
Forex LawGirls 4H Trading System:
All Currency Pairs
4 Hr Chart
1) RSI (Period: 3)
2) Trend Lines
Use the RSI with period 3 to know the trend. If the RSI is upwards for all the three timeframes then draw a trend line connecting lows of the candlesticks. After it touches at least 3 times the trend line the next time when it touches the trend line again enter a long trade.
Similarly if the RSI is downwards for all the three timeframes then draw a trend line connecting highs of the candlesticks. After it touches at least times the trend line the next time when it touches the trend line again enter a short trade.
Take Profits (TP) and Stop Losses (SL)
You can place set TP and SL if you are more comfortable with that. It is best to use support and resistance levels for both. Remember that H4 and larger TFs must have more breathing room, so do not place stops too tightly.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex LawGirls 4H Trading System?
- Download Forex LawGirls 4H Trading System.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex LawGirls 4H Trading System?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.