4 hour forex trading strategy

I am often trying to use the lazy grid trading system on the cTrader trading platform. Today I will create a four hour forex trading strategy.

First, many beginners are using too many forex trading indicators. They are going to find the perfect forex trading strategy. 

In fact, there is no forex trading secrets. The only thing you can do is to keep it simple stupid. So I have to use only two forex indicators, a 20-day moving average and the Relative Strength Index.

Second, I will decide to trade the major pairs like AUDUSD or USDJPY

Third, I am going to use a trend line to identify the overall trend on the 4 hour chart. For instance, here is a 4 hour chart of USDCAD. It is showing a nice uptrend on the 4-hour chart.

USDCAD is showing a nice uptrend on the 4 hour chart

Fourth, I will use the Relative Strength Index to decide entry and exit points.

1. If the USDCAD pair still tends to continue declining, but the RSI is making higher lows, then I have bullish divergence.
2. If USDCAD prices continue to rise, but the RSI is a lower high, then I have Bearish Divergence

Use RSI to find entry and exit points on the 4 hour chart

Fifth, sometimes I will use the forex grid trading system. It is a multiple entry strategy.

Sixth, I would check the daily chart. If it is in an uptrend, I will use the 4 hour forex trading strategy.

USDCAD is experiencing an uptrend on the daily chart

Seventh, in the end, I'd like to remind you that every professional trader write a forex trading plan, keep a forex trading journal.

At last, even if you are a forex day trader, you should learn 4 hour forex trading system

This is my 4 hour forex trading strategy. I want you to learn by reading my forex trading articles.

More reading: How to Trade RSI Divergence