This is a very forex simple system (trend following forex strategy). 4 Hour Simple Forex System using indicators; simple moving average, damiani volatmeter, moving average convergence divergence (MACD), in four hour chart time frame. The Simple Moving Average serves as a support/resistance line as it is known to be used by major banks and financial institutions, a self-fulfilling prophecy. As you know trend following system has a bad day when market goes to ranging. So to avoid getting trapped in a range, we use damiani volatmeter indicator. It is, so far the best indicator that helps detect a ranging a trending market. All indicators were attached with this ebook in rar file.
Source: www.fx1618.com
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