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7 Reasons to Trade Four Hour Charts

Trading the four hour charts have some distinct advantages. Learn what they are in this post.

Home / Trading Strategies / 7 Reasons to Trade Four Hour Charts

Last updated: March 8, 2024
By Hugh Kimura

Trade to travel

In my travels to Poland and Estonia, there is one thing that was abundantly clear.  To get the full experience at a location, I could not be sitting in front of a screen trading for 6 hours a day.

This got me thinking about how it would be great to also have some 4 hour chart strategies that would still have excellent risk reward ratios, but would be trades that I would only have to check once or twice a day.  In addition, Metatrader 4 alerts could also be a big help in detaching me from the computer screen.

Although trades based off the 4 hour charts would probably have larger stops, the rewards could be as follows:

  1. Larger profit potential.
  2. Trade entry time is not so critical.  I would not have to get into a trade right away, there would be more room for error.
  3. Trading a longer time frame would give me more time to do other things I love to do.
  4. Backtesting is easier because there would be fewer setups per time period.
  5. Since I could test more pairs, I could also trade more pairs, providing more opportunities.
  6. Once I master a profitable strategy, I could teach it to people with day jobs.
  7. It would allow me to practice patience and not trading for the sake of trading.

My only apprehension is that I have been known to get antsy in the past when trading a four hour strategy.   Anyway, those were just some thoughts that I had on my trip.

I will probably hold off for now, but a four hour trading strategy or two can definitely have a place in a trader's arsenal.

 

SEE ALSO: Learn the RSI Divergence trading strategy that works


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Category: Trading Strategies Tag: Technical Analysis

About Hugh Kimura

Hi, I'm Hugh and I'm an independent trader. Before starting Trading Heroes in 2007, I used to work at the trading desk of a hedge fund, for one of the largest banks in the world and at an IBM Premier Business Partner.

Learn more about me here and read more of my articles here.

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About Hugh Kimura

 About Hugh Kimura

Hi, I'm Hugh. I'm an independent Trader and I started Trading Heroes in 2007.

Before starting this site, I worked at the trading desk of a hedge fund, at one of the largest banks in the world, and at an IBM Premier Business Partner.

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