4XPipSnager Strategy V 2 For MT4

4XPipSnager  Strategy V 2 For MT4

Table Of Contents:

  1. 4XPipSnager Strategy V 2 For MT4
  2. 4XPipSnager Strategy V 2 For MT4 – Long positions
  3. 4XPipSnager Strategy V 2 For MT4 – Short positions
  4. Is 4XPipSnager Strategy V 2 For MT4 profitable?


Please note: This strategy was publicly published in the trading community and is free to use. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy. Therefore, we are mainly explaining the components and rules of the strategy. If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy.


The 4XPipSnager Strategy V 2 For MT4 is a rather unique name for a trading system. The basic premise of trading with this strategy is to find the short term turning points in prices. The trading system in itself is based off the fact that traders are able to buy or sell as in when the two moving average type indicators turn higher or lower.

The 4x Pipsnager strategy Is rather simple in its composition. There are only three indicators that are used. The first indicator which is straight forward is called the round number indicator. As the name suggests, this indicator is responsible for plotting the horizontal lines on the price chart near the round numbers. Round numbers in forex trading, depending on the instrument being traded can prove to be a strong support and resistance level. However, bear in mind that this might not be the case all the time.

It is quite obvious that overtime, the concept of using round numbers has become quite diluted. As he can see, the round Number indicator used in the 4x Pipsnager strategy basically blocks a horizontal line near around number level. However, this is not the case. For example, if you were trading the EURUSD currency pair, around number like 1.220, 1.210, 1.200 makes more sense rather than having round numbers at level such as 1.2250 and so on. Traders also need to bear in mind that round numbers do not automatically guarantee a price reversal. It only signals that there is a good chance that prices might reverse. As you can scan from the charts above, price action doesn't entirely 3 words around the round number level.



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This is very important when trading with the 4x Pipsnager strategy. Indicator used in the 4x Pipsnager strategy is called the forex U-turn detector indicator. This is a custom indicator which is responsible for plotting the two lines which resemble a moving average. Depending on when there is or strong reversal in the price action, these two moving average type lines make a bullish or bearish crossover. The logic behind using this forex U-turn detector is to find a reversal near one of the round numbers.

Finally, in the 4x Pipsnager strategy, we have another instance of the forex you turn indicator. The only difference between this oscillator which resides in the subway though is that it plots red or blue dots on the sub window. The idea is to make use of this oscillator as an additional confirmation before taking a long or short position in the market.

Let's now take a look at how you can trade long and short positions using 4x Pips snager strategy for MT4.




4XPipSnager Strategy V 2 For MT4 – Long positions




To take long positions using the 4x Pipsnager strategy, traders need to wait for a reversal that appears near one of the round Number levels. This means that you should wait for price action to touch down to one of the round number levels before you can take a long position in the market.

When you see such a reversal happening on the price chart, you should immediately look to the indicator in the sub window. Here, the indicator should also be turning blue. Once you see this happening near around number level, you can take a long position at market.

You should now identify the recent swing low that has formed and set your stop loss to this level. For your take profit levels, you can ideally start with a fixed risk to reward ratio. Following this, you can set your second take profit level near the immediate round number level that you see to the upside. When your first position is closed with the profit, you should move your stop loss to break even in order to remove any risk from the table.




4XPipSnager Strategy V 2 For MT4 – Short positions




To take short positions using the 4x Pipsnager strategy, traders need to wait for a reversal that appears near one of the round number levels. This means that you should wait for price action to touch down to one of the round Number levels before you can take a short position in the market.

When you see such a reversal happening on the price chart, you should immediately look to the indicator in the sub window. Here, the indicator should also be turning red. Once you see this happening near around number level, you can take a short position at market.

You should now identify the recent swing high that has formed and set your stop loss to this level. For your take profit levels, you can ideally start with a fixed risk to reward ratio. Following this, you can set your second take profit level near the immediate round number level that you see to the downside. When your first position is closed with the profit, you should move your stop loss to break even in order to remove any risk from the table.




Is 4XPipSnager Strategy V 2 For MT4 profitable?


Demonstrated the above, we can deduce that the 4x Pipsnager strategy is just a simple reversal based trading system which makes use of the concept of the round numbers. However, as we have mentioned before the round numbers are not entirely reliable. Therefore, traders need to also build a bit of a market context.

One interesting aspect of the 4x Pipsnager strategy is the fact that this is not dependent on any particular chart timeframe. This means the traders can make use of this trading system and apply it to any chart timeframe of their choice.

However, it is ideally possible that the trader should use this on the one hour chart timeframe or up to the four hour chart timeframe. If you use this trading system on higher chart timeframe, then you should increase the round Number level difference in order to ensure that your charts do not end up being too cluttered.

Overall, the 4x Pipsnager strategy it's quite simple to trade and therefore we can recommend this for beginners as well.

Download the complete system description and the files here:

FREE 4XPipSnager Strategy V 2

Download the FREE 4XPipSnager Strategy V 2 for MT4.

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