Forex 1-Hour Trading Strategy

You can take advantage of the 60-minute time frame in this strategy. The easiest currency pairs to trade using this strategy are the EUR/USD, USD/JPY, GBP/USD, and the AUD/USD. You would need a 100-pip momentum indicator and indicator arrows; both of which are available on MetaTrader 4.

Buy Trade Rules:

You can enter a long position when both of these conditions are met:

• The 100 pips Momentum indicator triggers a buy signal when its blue line crosses the red line from below
• The Indicator arrow gives a green arrow signal

In this case, you can place the stop-loss below the red indicator line or the most recent support line. You can either close the trade after 30-pips, or you can also take profit when the indicator arrows give a red arrow signal.

Sell Trade Rules:

You can enter a short position when the following conditions are met:

• The 100 pips Momentum indicator triggers a sell signal when its blue line crosses the red line from above
• The indicator arrows give a red arrow signal

Place the stop-loss above the red-indicator line, or the most recent resistance line. Close the trade after 30-pips, or when the indicator arrows give a green arrow signal.

Learn More Forex Trading For Beginners Click Here