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637# 4xpipsnager Strategy V.2: Metatrader 4 Indicators

The 4XPipSnager Strategy V.2 is a forex trading strategy that combines two ideas: 1) identifying W and M patterns formed by price bounces off support and resistance levels and moving averages, as described by Jason Sweezey, and 2) using the U-turn 1.1 indicator to precisely identify key support and resistance levels, as developed by Stepan Anatoljevich. The strategy trades the 5-minute and 15-minute timeframes on major and minor currency pairs with low spreads. It enters long positions when price bounces off support to form a W pattern and enters short positions when price bounces off resistance to form an M pattern.

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hiwoti
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42 views

637# 4xpipsnager Strategy V.2: Metatrader 4 Indicators

The 4XPipSnager Strategy V.2 is a forex trading strategy that combines two ideas: 1) identifying W and M patterns formed by price bounces off support and resistance levels and moving averages, as described by Jason Sweezey, and 2) using the U-turn 1.1 indicator to precisely identify key support and resistance levels, as developed by Stepan Anatoljevich. The strategy trades the 5-minute and 15-minute timeframes on major and minor currency pairs with low spreads. It enters long positions when price bounces off support to form a W pattern and enters short positions when price bounces off resistance to form an M pattern.

Uploaded by

hiwoti
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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4XPipSnager Strategy V.

2 - Forex Strategies - Forex Resources - Forex Tr…

637# 4XPipSnager Strategy V.2


W and M Pattern with Support and Resistance.

Price action trend strategy

Submit by Dimitry (from idea of Jason Sweezey and Stepan Anatoljevich)


 
 
4XPipSnager Strategy V.2 is a trading strategy for scalping and intraday
that combines two complementary trading ideas in my opinion. The first
trading idea is taken from an old but valid Forex u-turn text by Jason
Sweezey in which the author identifies two patterns of investing that
form with moving averages: the M pattern (bearish inversion and the W
bullish inversion pattern ). Typically these patterns are formed after the
price bounces off support and resistance levels. The second idea on which
this trading system is based on the indicator created by Stepan
Anatoljevich to identify support and resistance levels while keeping the
chart very clean. I simply took these two jobs and put them together, and
a very good profitable trading system for time frame trading at 5 and 15
min was born.

Sponsored by
Open
naked.insure

Time Frame 5 min – 15 min


Currency pairs majors and minors with lower spread indices and oil.
 
Metatrader 4 Indicators:
Whole Numbers (random lines of support and resistance from idea of
Jason Sweezey  but the system required a more solid approach.)
Forex U-turn detectors.
-U-turn 1.1 (by Stepan Anatoljevich indicator that identifies important
levels of support and resistance with precision and clarity on the chart.)
Forex U-turn filter optional because, the main method of this system
(price action) is price analysis on support and resistance levels.
 
Trading rules 4XPipSnager Strategy V.2
Buy
The price bounces on support levels and forms a W with moving
averages.
Stop loss on the previous swing low. Profit Target 2 pips before the next
level of resistance.
 
Sell
The price bounces on resistance levels and forms a M with moving
averages.
 Stop loss on the previous swing high . Profit Target 2 pips before the next
level of support.

Sponsored by
Open
www.jamesoncell.com

In the pictures 4XPipSnager Strategy V.2 in action.


4XPipSnager Strategy V.2
Sponsored by
Open
tableau.com
4XPipSnager Strategy V.2
Sponsored by
Open
tableau.com

4XPipSnager Strategy V.2

4XPipSnager Strategy V.2


4XPipSnager Strategy V.2

4XPipSnager Strategy V.2

4Xpisnager V.2
Sponsored by
Open
www.jamesoncell.com

Comments: 2

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Claud (Thursday, 06 February 2020 11:45) #2


I'm make money with this trading system. The addition of supports and resistances made this a
great system. Thanks ... God bless You !!!

DRSA1970 (Sunday, 12 May 2019 01:33) #1


looks interesting .... Could be profitable

4XPipSnager Strategy V.2


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