The 1 Hr Swing Forex Trading System is based on two trend following indicators and 2 trend filters.

This trading system can be used on any forex pair and its better to be used on higher timeframes from 1 hr and above.

 

How To Setup Your Charts

Here are the forex indicators you need:

• 13 exponential moving average
• 55 exponential moving average
• Octopus Indicator  (octopus_1 & Octopus_2)

• Trading sessions: London and US
• Currency Pairs: any

 

Buying Rules

1. both octopus indicators must be in the green zone
2. 13 ema must cross 55 ema to the upside.
3. open a buy order when both above conditions are met.
4. Place your stop loss below the recent swing low (or support level).
5. take profit at 2 times the initial risk or 3 times the initial risk. For example, if you risked 10 pips, then you either set your TP at 20 pips or 30 pips respectively.
6. or if you don’t want to take profit then ride out the trend until the octopus 2 indicator color turns from green to red.

Here’s a chart showing you the buy trade setup and how to take a trade:

Selling Rules

The selling Rules are completely opposte of the buying rules, here they are:

1. both octopus indicators must be in the red zone
2. 13 ema must cross 55 ema to the downside.
3. open a sell order when both above conditions are met.
4. Place your stop loss above the recent swing high (or resistance level).
5. take profit at 2 times the initial risk or 3 times the initial risk. For example, if you risked 10 pips, then you either set your TP at 20 pips or 30 pips respectively.
6. or if you don’t want to take profit then ride out the trend until the octopus 2 indicator color turns from red to green.

Here’s a chart explaining the the short setup:

 

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