1 Hour Forex Swing Trading System

An easy to learn forex swing system especially designed for the hourly charts. Feel free to experiment with the indicator settings.

Chart Setup

Indicators: Moving Averages (52 SMA, 22 EMA, 9 EMA), !De_Munyuk
Preferred time frame(s): 1 Hour
Trading sessions: Any
Preferred Currency pairs: Majors, Currency Crosses

Download

Download the 1 Hour Forex Swing Trading System for Metatrader 4.

GBP/USD 1 Hour Chart

forex-swing-system

As shown in the GBP/USD chart above, we have two valid buy trading signals at respectively 1.6366 and 1.6525 exchange rate.

The yellow 9 period exponential moving average back above the red 22 period exponential moving average and white 52 period simple moving average from below + green !De_Munyuk indicator dot (below the main trading chart).

Trading Rules

Buy Rules:

  • Criteria #1: Yellow 9 EMA back above the red 22 EMA and 52 SMA from below
  • Criteria #2: !De_Munyuk indicator must be green (bullish)

Buy the currency pair and place stop-loss 5 pips below the previous swing low.
Target Method 1: Close your position at 1:2 risk-to-reward ratio. Use a trailing stop.
Target Method 2: Close your long position when the yellow EMA crosses the red EMA from above (short-term bearish).

Sell Rules:

  • Criteria #1: Yellow 9 EMA back below the red 22 EMA and 52 SMA from above
  • Criteria #2: !De_Munyuk indicator must be red (bearish)

Sell the pair and place stop-loss 5 pips above the previous swing high level.
Target Method 1: Close your position at 1:2 risk-to-reward ratio. Use a trailing stop.
Target Method 2: Close your long position when the yellow EMA crosses the red EMA from below (short-term bullish).

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