4x4 forex trading strategy

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4X4 Forex Trading Strategy Currency Pair: EURUSD and GBPUSD Time Frame: 30 Minutes or above Indicators: QQE (SF: 5) Stomach (KPeriod: 5, DPeriod: 3, Slowing: 3, MA Period: 11, MA Method: 1) T3 Alpha DJ (MA Period1: 3, MA Period2: 5, MA Period3: 0, MA Period4: 0, MA Period5: 21, MA Period6: 34, b: 0.7) T3 Trix x2roc clr nrp mtf (T3FastPeriod: 20, T3FastPrice: 0, T3FastHot: 1.2, T3SlowPeriod: 35, T3SlowPrice: 0, T3SlowHot: 1.2, TimeFrame: 0) Strategy: Long Position: The rules for long entry are as follows. 1) Wait for QQE to cross over (the yellow line crosses over the red line) 2) Stomach indicator has to cross over (the green line crosses over the yellow line) 3) T3 Alpha bar has to be green


4) Trix has to be green. Target: 45 pips (30M). If you are trading on 4H time frame, you can take profit partially at 60pips, 90pips and 120pips. Once price hits the first profit target, move your stop-loss to entry point. Stop Loss: 30 pips (30M), 60 pips (4H). Example:

In the picture above you can see that the QQE indicator crosses over (the yellow line is above the red line) while Trix lines are already green. T3 Alpha bar becomes green and the Stomach indicator crosses over (the green line passes above the yellow line). That is your buy (long) signal.


Short Position: The rules for long entry are as follows. 1) Wait for QQE to cross over (the yellow line crosses over the red line) 2) Stomach indicator has to cross over (the green line crosses over the yellow line) 3) T3 Alpha bar has to be green 4) Trix has to be green. Target: 45 pips (30M). If you are trading on 4H time frame, you can take profit partially at 60pips, 90pips and 120pips. Once price hits the first profit target, move your stop-loss to entry point. Stop Loss: 30 pips (30M), 60 pips (4H).


Example:

In the picture above you can see that both T3 Alpha and Trix become red. Stomach indicator gives its sell signal (the green line crosses below the yellow line). And last, the QQE indicator crosses over (the red line moves above the yellow line). That is your sell (short) signal.

For downloading the indicators and templates please visit http://forex-strategies-online.com/4x4-forex-trading-strategy/ For more forex trading strategies, please visit http://forex-strategies-online.com


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