4 hour forex trading system

I am often trying to use the grid trading system on the MetaTrader 4 platform. Today I will create a four hour forex trading system.

First of all, I will build a forex trading plan and a forex trading checklist. It is a faster way to find trading opportunities.

• 4 hour trading indicators: the Relative strength indicator, the Average directional index, 
• Forex trading sessions: any
• Preferred Currency pairs: majors. For example, EURUSD, AUDUSD, USDJPY

Second, every professional traders buy in an uptrend and sell in a downtrend. So I would like to identify the strongest trends on a daily chart.

• Use the 20-Period Moving Average to identify the main trend on the daily chart.

Third, if there is a downtrend, I will use the Relative Strength Indicator to discover the overbought conditions on the four hour chart.

4 hour forex trading system

Fourth, when the RSI breaks the trend line, I should exit the trade.

Finally, if you have had enough of the day trading system and the scalping trading system, you would try to use the four hour forex trading system.