4 Hour Strategy (300+ Pips per Month)

[emulatore]

can anybody make an EA based on this strategy? Sounds profitable:

4 Hour Strategy (300+ Pips per Month)

Thanks

[Palmer]

emulatore:

The problem is how to write the EA code to determine if the market is ranging.

A lot of this method has to deal with the strength of the trend, the MACD histogram, current s/r levels, and past s/r levels. There can be signals that look good on a chart for entry but are in reality 'weak' or conflicting signals. Then there is the case of the 1hr chart to get in earlier with the 4hr trend. The $Yen gave up 95 pips on three trades on the 1hr chart using the 4hr as the direction. The method itself is very simple but one must recognize the rhythm of the market along with the profit targets.

If anyone is interested in learning more there is a website for this method at

4 Hour MACD Forex Strategy

[Palmer]

This is a typical entry set-up..the highlighted rectangle area.

4 Hour MACD Forex Strategy

[nicesurf]

It's very simple but powerful...ha..ha...

Nic

[Palmer]

Here was the entry from Friday: The 4hr bounced off the 21 EMA and the 1hr gave an earlier entry. I entered this position with a lower leverage because I had the intention of holding these lots over the weekend with the bad market news on Friday. Exited two at 50 pips per and holding one at b/e below the gap.

Salinas Aquariums

[nicesurf]

SIgnal will allways be clear when the market is trending....like this few days, any indicator will show their strenght and most of us will enjoy profit.

Nic

[russy]

nicesurf, your strategy is not accessable, do something to it.