The high accuracy “XCandles H4 Trend Momentum Trading System” is a template is very simple and my favorite trading solution.
Trading NOTES
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- Use a demo account or a small live account first to practice this trading system
- Time Frames: H4
- Financial Markets: Commodities, Forex, and Indices
MetaTrader Trading Indicators
- X Candles
- XMA v.2
- RSIOMA
BUY Rules
- X Candles green color
- XMA BUY
- RSIOMA bullish
- aqua line > yellow line
- the aqua line above 50
SELL Rules
- X Candles maroon color
- XMA SELL
- RSIOMA bearish
- aqua line < yellow line
- the aqua line below 50
Trading NOTES
- Only trades BUY trades when the trend line is blue and place stops at the previous day’s low
- Only trades SELL trades when the trend line is yellow and place stops at the previous day’s high
- Risk Reward Ratio 1:2 or 1:3
- Use a demo account or a small live account first to practice this trading strategy