CAD/CHF 1-Hour Forex Swing Trading Strategy

The awesome CAD/CHF 1-Hour Forex swing trading strategy is designed to capture bigger market movements on the higher time frames, starting from the M30.

The strategy’s core idea is entering the currency market when prices are either low (buy signal) or high (sell signal).

This swing trading strategy holds open positions up to 1-week and sometimes beyond.

Chart Setup

MetaTrader 4 Indicators: r_Gator.ex4 (Inputs Variable Modified; period=10, period_1=17, period_2=32, bars=300000000, Colors Width Modified; #0=2, #1=2, #2=2), coppock.ex4 (Inputs Variable Modified; RPeriod1=45), Relative Vigor Index.ex4 (Parameters Modified; period=32)

Preferred Time Frame(s): 30-Minute, 1-Hour, 4-Hour, 1-Day, 1-Week, 1-Month

Recommended Trading Sessions: Any

Currency Pairs: CAD/CHF + any other pair

Download

Download the CAD/CHF 1-Hour Forex Swing Trading Strategy

Buy Trade Example: CAD/CHF (Canadian Dollar / Swiss Franc), H1 Chart

Fig. 1.0

Strategy

Long Entry Rules

Initiate a buy entry if the following indicator or chart pattern gets put on display:

  • If the blue line of the r_Gator custom indicator crosses below the red & green lines in a bottom up fashion as shown on Fig. 1.0, price is said to be driven to the upside i.e. a trigger to buy the designated currency pair.
  • If the coppock indicator pops up red histograms above the zero horizontal level as illustrated on Fig. 1.0, bulls are said to be driving price higher, thus a signal to buy the underlying currency pair.
  • If the green & red lines of the Relative Vigor Index Metatrader 4 forex indicator break and stay above the zero reference level as seen on Fig. 1.0, the overall market sentiment is said to be bullish, as such a buy alert is duly recommended.

Stop Loss for Buy Entry: Place stop loss below medium-term swing low support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit if the following rules or conditions takes precedence:

  • If while a bullish trend is ongoing, the blue line of the r_Gator custom indicator intersects the red line as depicted on Fig. 1.0, more and more bulls are said to be leaving the market, hence a trigger to exit or take profit immediately.
  • If the coppock forex indicator displays a red histogram below the zero horizontal level during the course of a bullish trend, it is indicative of weaning bulls power i.e. a signal to exit or take profit forthwith.
  • If the green line of the Relative Vigor Index indicator dips below the 0.00 reference level while a bullish trend is running, a bearish reversal is said to be underway, as such an exit or take profit stance is advised.

Sell Entry Rules

Enter a sell order if the following holds true:

  • If the blue line of the r_Gator custom indicator crosses above the red & green lines in a top downward manner as exemplified on Fig. 1.1, price is said to be dragged lower, thus a signal to go short on the selected forex pair.
  • If the coppock indicator displays red histograms below the zero horizontal level (see Fig. 1.1), bears are said to be driving market sentiments, as such a sell alert will do.
  • If the green & red lines of the Relative Vigor Index forex indicator break and hover below the zero signal level as depicted on Fig. 1.1, the general market sentiment is said to be bearish, thus a trigger to go short.

Stop Loss for Sell Entry: Place stop loss above medium-term swing high resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following takes center stage:

  • If while a bearish trend is running, the blue line of the r_Gator custom indicator intersects the red line, bears are said to be increasingly leaving the market, therefore an exit or take profit stance will suffice.
  • If the coppock forex indicator pops up a red histogram above the zero horizontal level while a bearish trend is ongoing, bears power is said to be diminishing i.e. a signal to exit or take profit straightaway.
  • If the green line of the Relative Vigor Index indicator breaks above the 0.00 reference level while a bearish trend is on course (refer to Fig. 1.1), a bullish reversal is said to be looming, as such an exit or take profit stance is recommended.

Sell Trade Example: CAD/CHF (Canadian Dollar / Swiss Franc), H1 Chart

Fig. 1.1

Free Download

Download the CAD/CHF 1-Hour Forex Swing Trading Strategy

About The Forex Technical Indicators Used

The r_Gator MT4 indicator is similar to the Alligator MT4 technical indicator but the r_gator generates its signal earlier than the Alligator.

The Coppock custom indicator is a technical study that is built on three different Moving Averages i.e. Exponential, Linear Weighted and the Simple Moving Averages.

The Relative Vigor Index technical indicator is a technical tool that gauges the conviction of a recent price action and the likelihood that it will continue.

Easy Installation

Start using this forex strategy in just 5 minutes. Click here to get started now.

Share Now!