Best 4 hour forex trading system

Today I will create the four hour forex trading system. My goal is to keep it as simple as possible.

I used to trade with the one directional grid trading on the daily chart. Now I will try to use it on the 4 hour chart.

First of all, I will build a forex trading plan and a forex trading checklist.

A lot of beginners think it's a waste of time. But professional traders believe it can allow you to trade with less emotion and stress. It is especially important that you will have a framework to measure the trading performance.

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

Third, I have to use only two forex indicators, the Relative Strength Index and the average directional index.

Fourth, don't forget to check out the forex trading daily chart.

USDJPY forex trading daily chart

From the USDJPY daily chart, we can see the Average Directional Index is below 25. So USDJPY is in a sideways market on the daily chart. 

Now, I will find the support and resistance levels on the USDJPY 4-hour chart. And then I will use the bidirectional grid trading system.

the bidirectional grid trading system

• My grid spacing is 47 pips
• My grid lot size is 0.02 lots
• My take profit is 47 pips and can't set stop loss order.
• I place buy limit orders near support lines 
• I place sell limit orders near resistance
• Every day I will set new forex limit orders
• When the forex market is trending, I will use a buy-and-hold strategy.

Fifth, I won't start my own forex trading business directly. I will demo trade until I develop a solid, profitable system. 

1. I am going to open a demo account and practice the best 4 hour forex trading strategy.
2. I will keep a forex trading journal. I think it can measure and track my trading performance.

At last, this is my best 4 hour forex trading system. Can you give me some suggestions?

Next I will develop more forex day trading strategies.

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

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.