![]() ![]() ![]() The other elements of the entry depend on how the trader engages the market structure to set up buy and sell signals.Īpart from the simple moving average which is native to the MT4 and listed in the trend indicators section, the other indicators are custom indicators and need to be properly added to the MT4 data folder in order to work. If price crosses above it when the SuperTrend is blue, or price crosses below it when the SuperTrend is red, then these are signals that can be traded with accuracy. The essence of using the 200 SMA is that it is a well-recognized dynamic support and resistance indicator. The aim is to trade what the 4-hour chart shows that is in tandem with the daily chart and the weekly chart. Some preliminary analysis of the weekly and daily time frames can also be done in order to determine the market structure and the overall trend of the asset. The best time frames to deploy with this strategy is the 4-hour time frame. SuperTrend nrp (where nrp stands for non-repainting).200 Simple Moving Average with level 50 and -50 activated on the indicator.The indicators used for the strategy are as follows: The assets which trend very well are well suited for this strategy. The strategy is a swing trading strategy that aims to follow the direction of the overall trend.Īccording to the inventor, it can be used to trade all forex pairs, crude oil, CFDs on indices and stocks as well as metal assets such as gold and silver. The 200-Simple Moving Average Channel and 4H Trader Trading System is a swing trading system which is using the 200-simple moving average channel is a strategy that works on various forex pairs and uses a mix of native and custom indicators. If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy. ![]() Therefore, we are mainly explaining the components and rules of the strategy. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy. Please note: This strategy was publicly published in the trading community and is free to use. 200 Simple Moving Average Channel and 4H Trader Trading System For MT4.200 Simple Moving Average Channel and 4H Trader Trading System For MT4 ![]()
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