All strategies that involve working from levels can work on H4. Basically, the supply and demand levels work perfectly. You need to determine them yourself and it is advisable to read a training course that will tell you how to calculate these levels correctly. You can attach this CME exchange report on open interest to them. In principle, these are the main tools. After all, when predicting H4, you should understand the large levels that generate interest. So you need to trade from them and wait for this level to appear.
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Working strategies on H4 and daily
- Thread starter AndrewFX
- Start date
Yeah apparently he is on the chart the blue lines are the levels of resistance from which the price pulls back the entrance to the Bay , and red, respectively, resistance line from where the entrance to villages. The principle is that after the breakout, the price is rolled back . Entry after a pullback on the candle in the desired direction of price movement. Of course, there is no detailed explanation.
And by what invisible sign, you were able to determine that this is really so and the lines by color indicate exactly this affiliation? Of course, I would like these lines to be built automatically by the indicator and know the algorithm for building lines, and not just use them without knowing the principle. Perhaps we will wait for a more detailed description and will be able to try to trade this strategy.
Actually, I'm just guessing about what the author depicted here. And what about the indicators is that in the beginning I tried to work with them , but later refused and decided to switch to graphical analysis manually . I may change my mind over time , but for now I'm against indicators .
And what is the basis of such analysis in your trading strategy, what is the construction principle? Is this one of the well-known methods or something invented by yourself, the author's find? Is it possible to trade and get profit based on forecasts for this type of analysis? How often do you have to open orders and what trading instrument do you work on or is it a group of instruments? What Deposit is required for such a trading system?
All strategies have long been invented. Pre-emptive just combines them and comes up with different names, and makes a mysterious face in order to get her involved for money... I trade breaking through the night flat, entering by sniper. Analysis of the candlestick. Of course, news interference is taken into account . I combine both technical and fundamental analysis . Transaction 2 % 1-2 orders per day 20-50 p.
It turns out that you have combined several methods of analysis in your strategy and focus on joint confirmation of signals without being particularly greedy for profit? Perhaps this is a rational grain and deserves attention. Thanks. The network is really filled with pseudo-strategies and imaginary trading methods, both free and those for which they ask for money, both small and significant, arguing for confirmation of profit with States from the tester or reports from demo accounts.
I think there is more candle analysis to consider and work in particular on the fact of the formation of a bearish or bullish absorption, which on the 4-hour timeframe has about the same strength as on the daily chart or even monthly. At least this is how I used to earn money in Forex.
On H4, I also refused all indicators. I trade using Fibonacci levels. First, I studied these levels in history. I use only 1 zig - Zag indicator. Just too lazy to highlight the highs and lows. I use zig-zag points to build my own Fibonacci levels. But on small TF all the same indicators, although they are a little late for the price, but you can catch the input signal in time and it may turn out to be a trend of an older period.
Actually, the strategy itself is not yet a trading system. The backbone, you can say, but if it is able to increase the meat-then Yes. It will make a profit. And strategies in the Internet to spread now became "not fashionable". Now it is fashionable to buy a phone database and call. They say we are all such monsters here, we earn a lot of money. But we want to share. You create an account with us, Deposit a good amount there, and trade on the signals that we give you. We don't ask for much, and 20% of the profit will be enough for us. Really got it. Up to 10 calls a week, all from different companies.
Well, one more topic: Register under our link with a broker (which one will tell you), open an account and top it up. We put an awesome robot on your account and constantly monitor it. Everything you earn is yours. We don't need anything. And the robot is mainly designed to turn volumes.
Well, one more topic: Register under our link with a broker (which one will tell you), open an account and top it up. We put an awesome robot on your account and constantly monitor it. Everything you earn is yours. We don't need anything. And the robot is mainly designed to turn volumes.
But the method you described does not fall under the definition of a working strategy on four hour charts for a trader )) An ordinary trader needs to grow and grow to such a strategy, at the same time getting out and making his way through the wilds of such tempting offers. You can choose any of the more or less working strategies and in the process of studying and testing, look for highlights in it and trade, such found moments, regardless of whether it is a pattern or a breakdown of the trend line.
Well, that's what I said at the beginning. Strategy is "dice". You need to increase the "meat" on it. And you can take almost any strategy. Here, recently, I went to the branch creating a trading strategy. One writes-tell me, help. And how? One person's strategy works, the other doesn't. Everything seems to be the same. And the signals are the same and TF. But no. So I suggested it. Find the simplest strategies, evaluate them by history, how and what. Where the signal that is correct is often repeated. Pick them out and remember them. Calculate a plan for transactions. How, when and how and what to do in a particular case. I was also interested. I just took the MA and calculated the system. I'm currently testing on a demo. 5 trading days. The maximum drawdown of 2% profit 9%
Five days of manual testing of the strategy on MA is a drop in the bucket and cannot serve as an indicator of the profitability and performance of such a system. As a rule, the algorithm of the strategy on the MA, with a well-designed technical task, is easy to transfer to the code of the automatic adviser and check in the strategy tester of the trading terminal how the profit will behave on historical data. This method speeds up the testing process and makes it possible to test the system with different settings and on different trading instruments.
Filllya2304
New member
Ahahah, hit the nail on the head, I have such a story myself. At the beginning of my formation in the Forex market, which is still ongoing, but I am beginning to understand more or less everything. So, the same thing is registered literally on two or three sites, so now there are 4 calls a day. All offer 100% return on Deposit, in the first week, which I do not believe. All calls are from Russia, and I'm from Belarus.
PowerIndex
New member
Hello everyone, can someone on their own experience advise the vehicle on the H4 D1 timeframes so that once a day to check the charts of currency pairs. But what is especially important is that you can use your experience to advise something. I just want to try something new and with clear rules. I can't decide where to start, so I need some advice!
This is definitely not worth it. They will not only promise you a payback, but also provide 100% signals that will work time after time. Those same Maxims send their own signals and vipsignals (they work in one or two times), which can only be used if you have your own signal in the same direction.
Well, there, in the next topic of the vehicle VABANK discuss, it is not bad trade. And you can set postponements and view charts once a week. Not a bad strategy, especially for those who have little free time. Just do not advise the depot to disperse, it is better to trade conservatively.
I will not describe everything in detail here read more here It describes the strategy for options, but I use this principle to trade on H4, transactions are strictly in the direction of the trend, the trend is determined by mashki, for this Turkey I choose 2 pairs one for sale and the second for purchase. It is enough to control during the day, transactions can last up to several days, more often both are closed in + but sometimes one can be in minus but is compensated by the second transaction, I advise you to pay attention to this strategy.