High Probability Forex Trading System
The High probability is a forex trading system that trades pairs with high volatility though the system works with every pair. This is suitable to any major currency pairs. This system works on a 30-minute and higher timeframes.
MT4 Indicators:
- Zig Zag
- Non lag Zig zag
- Zig Zag Pointer
- Stochastics (setting 14,3,3)
- Daiy Average Range
- FiboPivot
- Explanation Of the indicators
- Zig Zag
Long Entry:
- Wait until our zigzag pointer appears below in the 30M TF.
- Check the 1Hr Chart to see if there is agreement.
- Look at the 4HR TF to make sure they agree
- The stochastic must be in the oversold area in all TFs
- Look at the daily to see the nature of the trade
- Check to see if we around support/resistance
For High Probability Trades:
- 3 timeframes agree, buy/sell and go for 50 pips and set our stop loss 30 pips
- Except for GBP/JPY and GBP/CHF. Our TP 70 PIPS and SL 50 pips in both
- For Extreme High Probability Trades
- All four TFs 30M, 1HR, 4HR and Daily Agree
- If they do we go for 100 pips and SL 85 pips
For Low Probability Trades: Trades With Higher Risk
- Two TFs agree on 30M, 1HR.
- If they do we go for 30 pips profit. SL 20Pips
Short Entry:
Opposite of the buy or long entry.
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