Kiss H4 Strategy Trading System For MT4

Kiss H4 Strategy Trading System For MT4

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 Kiss H4 Strategy Trading System For MT4 uses the principle of price retracement and intensity of the market momentum. The indicators are stacked in this system in such a way so that retail traders can analyze the momentum of the market based on the most recent price changes. And to identify the endpoint of the retracement, the reading from the MACD indicator will be assessed. In short, MACD will be acting as the trade filter for this trading system.


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The Kiss H4 Strategy Trading System For MT4

Corrective patterns are hard to identify especially when the trend is weak. So, we suggest the user pick a trending asset while using this strategy.

Before going into further details, let's have a look at the key indicators used in this strategy.

  • Exponential Moving Average (EMA)- value 5
  • Exponential Moving Average (EMA)- value 20
  • Moving Average Convergence and Divergence (MACD)- Value (24,52,18)

 

After placing all the indicators, the chart should look like this:


While using this trading strategy, we may take help from the Japanese candlestick patterns. With the help of Japanese candlestick patterns, we can identify the rejection of resistance and bullish bounce at the major support level.

 

What is Price Action?

Price action trading strategy is the study of the Japanese candlestick patterns. The traders have to evaluate the candlestick formation and relate it to the support and resistance level. For instance, any pin bar formation at the critical support level is an indication that the price might rally higher. On the contrary, if you notice a bearish pin bar at the resistance level, you may expect a downfall in the price.

However, learning the details of the Japanese candlestick pattern is very tough. At the initial stage, you can start using the basic candlestick pattern. As you get comfortable with the basic candlestick patterns, you can learn about complex candlestick patterns.

In this strategy, we used a customized MACD setting to change the indicator’s properties. The modified indicators settings are :

  • FastEMA 24
  • SlowEMA 52
  • Signal SMA 18



Kiss H4 Strategy Trading System For MT4 - Bullish Trade Setup

The Kiss H4 Strategy Trading System For MT4 is developed to deal with all currency pairs. But the inventor of this system recommends the rookie traders trade only the major pairs. By ignoring the cross and exotics, traders can expect to find more stable assets.

Overall, we will get the price direction based on the EMA crossover with a confirmation from the MACD and enter the trade when an appropriate candlestick appears.

 

Bullish Trading Condition

  1. The price should be trending higher in the H4 timeframe.
  2. EMA 5 should cross above the EMA 20.
  3. MACD Histogram should create a positive bar.
  4. It is better to look for a bullish price action signal.
  5. The trade signal should form near the 5 EMA.



Entry

After checking all these conditions, you can open a new long trade. But the risk factor for the trade should not exceed 2% of your account balance. Try not to get overconfident with the trade setup by seeing the reliability of the price action signals.

 

Stop Loss

Use the price action confirmation signal to determine your stop loss. You may also use the nearest support level to determine the reference stop loss point.

 

Take Profit

The trade should be closed when you see a new bearish price action signal. However, if you intend to use a predefined take profit level, you may use the nearest resistance level in the 4-hour chart.

 

Kiss H4 Strategy Trading System For MT4 - Bearish Trade Setup

To take the short trade, we will use the bearish price action signals. Let's see the required conditions to open the sell order.

Bearish Trading Condition

  1. The price should be trending lower in the H4 timeframe.
  2. EMA 5 should cross below the EMA 20.
  3. MACD Histogram should create a negative bar.
  4. It is better to look for a bearish price action signal.
  5. The trade signal should form near the 5 EMA.



Entry

Check the required parameters to take the short trade. If the market fulfills all these conditions, you can open a new short trade. 

 

Stop Loss

The stop loss can be set by using the price action confirmation signal. You may also use the key swing high as a reference resistance zone. In that case, the SL price will be set above the most recent high.

 

Take Profit

The support level needs to be identified to find the potential take profit for this asset. You may also use the nearest low to determine the exit point for the short trade.

 

Kiss H4 Strategy Trading System For MT4 - Conclusion - Trade Management Idea

The Kiss H4 trading strategy requires careful observations of the trading conditions. While using this trading strategy, all the mentioned conditions must be filled or else you should not take any trade. Those who don't have strong knowledge about price action confirmation signal should spend some time learning the basics of the Japanese candlestick patterns in the demo account.

The system usually provides a 1:2+ risk to reward ratio. However, this is not an absolute rule as the market volatility changes frequently. So, the inventor of this system strongly recommends the new users use this strategy in the practice trading account. By doing so, retail traders can know the pros and cons of this system and determine whether the system is a perfect fit for their trading style.

Download the complete system description and the files here:

FREE Kiss H4 Strategy Trading System

Download the FREE Kiss H4 Strategy Trading System for MT4.

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