On March 1, 2017, ForexClub (partner of the FxCash rebate service) introduced a new, 5th automated trading system EUR4H. This is a non-indicator strategy that works intraday by candlelight in accordance with the Price Action principle. At the core of Price Action is the analysis of price behavior and the patterns that it forms. A trend strategy, its goal is to take a small profit in the growing (falling) market due to frequent market entries. On average, one position is held in the market for 4-5 hours.
The planned performance indicators (6 months testing):
- 12.9% revenue;
- number of transactions – 81;
- maximum drawdown – 13.6%.
The system effectively works only with EUR / USD on the 4H timeframe, the risk per trade is no more than 2%. Manual control of the system takes 15-60 minutes a day, the number of intra-day transactions is 1-3 transactions.
Actual performance indicators for March (deposit – 10 thousand dollars. USA):
- profit 0.93%;
- number of open trades – 11 (4 profitable, 7 unprofitable);
- the most profitable position – 3.5%, the most unprofitable – 1.6%
EUR4H trading system – trend strategy for candle analysis
The peculiarity of the system is that the indicators in it are applied only once a month to assess the average daily volatility for which orders will be placed. Calculation principle:
- Take Profit = ATR value (21) on the last day of the month / by Fibonacci coefficient;
- Stop Loss = ATR value (21) on the last day of the calendar month.
The buy signal is penetration of the resistance level, which is defined as a cluster of 5 4H bars, where the average bar has the highest maximum value. If none of the closing orders triggers, the position is forcibly closed. If the order triggers, upon reaching the planned income level, the stop loss is transferred to the breakeven level.
The EUR4H trading system is available for free in test mode for 2 weeks. To get access you need to place an order on the broker’s website. In the future, the use of the system is possible with a subscription in the online store Forex Club or replenishment of the deposit by 5 thousand dollars. USA. The package also includes an automated delivery system for trading signals for Metatrader Subscriber. Every month on the broker’s site you can see a video report on the results of the system, as well as ask questions to its author, Alexey Paliy.
Forex Club and FxCash – earn on profitable trading systems and return the spread!