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4 Hour RSI SuperTrend Forex Strategy

This is a typical trend following forex strategy designed for the 4 hour charts. You can use it on the most popular currency pairs. The rules are very easy to understand. Good luck!

Chart Setup

Indicators: SuperTrend, Relative Strength Index (RSI), Fisher
Time frame(s): 4 Hour Chart
Trading sessions: All
Currency pairs: USD/JPY, GBP/USD, AUD/USD, EUR/USD, USD/CHF, USD/CAD

Download

Download the 4 Hour RSI SuperTrend Strategy for Metatrader 4.

USD/JPY 4 Hour Chart Example

4hourrsi-trend-strategy

Trading Rules

Buy Conditions:

  • Supertrend line must be green (uptrending market)
  • RSI(14) touches 70 level
  • Fisher green (bullish trend confirmation
  • ===>> Enter BUY trade

Place a 75 pip stop-loss and 100 pip price objective. Important: Always exit buy trade when the Supertrend indicator changes from green to red color.

Trade result: The USD/JPY 4 hour chart provided us with 4 signals, 2 buys and 2 sells for a total profit of 125 pips. The last sell trade is still open.

Sell Conditions:

  • Supertrend line must be red (downtrending market)
  • RSI(14) touches 30 level
  • Fisher red (bearish trend confirmation
  • ===>> Enter SELL trade

Place a 75 pip stop-loss and 100 pip price objective. Important: Always exit sell trade when the Supertrend indicator changes from red to green color.

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