Simple 4H Swing Strategy - 923 pips in 2 weeks - page 4
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I am confused that how to exit the trades. this thread author told that use 1 pip trailing stop but mt4 do not allow me to put 1 pip trailing stop. help me friends.
I trade sometimes 20SMA the same way but use for confirmation STOCH (8,3,3). It is important to know where are support and resistance hiding, therefore S & R or Pivots indicator is necessary. Trade away from 20SMA when candle breaks it and when price line get flat exit. Don't wait until price touch 20SMA again you would give lot of pips back! Conservative approach: wait and enter after pullbacks.
Hermes