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Hey everyone Kichie here 
I wanted to share with you all a very simple yet very effective trading strategy that I came up with using a trend system based off of 1hr and 4hr time frames.
This system I have tested myself for sometime now and found a very high win rate with small losses.
As I mention, this system is a trend trading system so when the market is ranging its probably a better idea to stay clear of this.
Using a 4hr and 1hr time frames we want to plot on a 6 EMA (Aqua) and a 13 EMA (Yellow) with MACD settings on 12,26,9 (standard) and also add Heiken Ashi to your bars.
As we can see from the 4HR EURUSD picture the Heiken Ashi bar has turned blue while both EMA's have crossed over and also the MACD has crossed upwards direction also. This would be our buy entry point.
(Note that we do want all signals to line up before we take our trades. So if we see the EMA's cross but the MACD hasn't crossed yet, best to wait until it does cross to the upwards direction before buying.)
Again in the 1hr picture of the EURUSD we have a sell position in place. MACD has crossed downwards, both EMA's have crossed and also our Heiken bars have turned red, this would be an ideal set up for a sell position.
Now where to we close?
You can play this two ways. You can close after gaining a certain amount of pips you're happy with or you could wait for the EMA's to start squeezing together (as seen in the circled black high lighted area)
This is just a simple technique that I hope can help some fellow traders looking for a easy strategy to follow if they aren't yet comfortable trading support & resistance levels or patterns just yet. As I mention this has given me some really good results and I'm choosing to implement it into my everyday trading as a result.
Thanks for reading! Please leave some feedback or message me if you have any questions at all!
Thanks all,
Kichie
I wanted to share with you all a very simple yet very effective trading strategy that I came up with using a trend system based off of 1hr and 4hr time frames.This system I have tested myself for sometime now and found a very high win rate with small losses.
As I mention, this system is a trend trading system so when the market is ranging its probably a better idea to stay clear of this.
Using a 4hr and 1hr time frames we want to plot on a 6 EMA (Aqua) and a 13 EMA (Yellow) with MACD settings on 12,26,9 (standard) and also add Heiken Ashi to your bars.
As we can see from the 4HR EURUSD picture the Heiken Ashi bar has turned blue while both EMA's have crossed over and also the MACD has crossed upwards direction also. This would be our buy entry point.
(Note that we do want all signals to line up before we take our trades. So if we see the EMA's cross but the MACD hasn't crossed yet, best to wait until it does cross to the upwards direction before buying.)
Again in the 1hr picture of the EURUSD we have a sell position in place. MACD has crossed downwards, both EMA's have crossed and also our Heiken bars have turned red, this would be an ideal set up for a sell position.
Now where to we close?
You can play this two ways. You can close after gaining a certain amount of pips you're happy with or you could wait for the EMA's to start squeezing together (as seen in the circled black high lighted area)
This is just a simple technique that I hope can help some fellow traders looking for a easy strategy to follow if they aren't yet comfortable trading support & resistance levels or patterns just yet. As I mention this has given me some really good results and I'm choosing to implement it into my everyday trading as a result.
Thanks for reading! Please leave some feedback or message me if you have any questions at all!
Thanks all,
Kichie
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