Easy 1 Hour Forex System

This is an utterly simple trading system designed to trade 1 hour forex charts. The system is made up of only 1 trading indicator. You can use it on any currency pair.

Chart Setup

Indicators: easy-forex-system
Preferred time frame(s): 1 Hour
Trading sessions: Any
Preferred Currency pairs: Any

Download

Download the Easy 1 Hour Forex System for Metatrader 4.

EUR/USD 1 Hour Chart Buy Example

easy-forex-system01

As shown in the EUR/USD chart above, the moving average has closed above the blue and yellow line. This simply means to BUY the currency pair.

Trading Rules

Buy Rules:

  • Moving average (white line) has to close above the blue and yellow line.

Buy now. Place SL 5 pips below the previous swing low price.
Exit buy Strategy: Close 50% of your trading position at 1:1 risk-to-reward ratio. Close 50% at 1:2 risk to reward ratio. Trail protective stop 2 pips stop below the rising yellow and blue line.

EUR/USD 1 Hour Chart Sell Example

easy-forex-system02

Sell Rules:

  • Moving average has to close below the blue and yellow line.

Sell now. Place SL 5 pips above the previous swing high price.
Exit sell Strategy: Close 50% of your trading position at 1:1 risk-to-reward ratio. Close 50% at 1:2 risk to reward ratio. Trail protective stop 2 pips above the falling yellow and blue line.

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