5 Min 4R System
5 Min 4R System
5 Min 4R System
Hello Traders-
Here I am making a small effort to help all those following Rifid’s 5 Min 4R/R system.
Everything presented here is from the thread and I have added nothing to it. This .pdf simply puts
everything in one place to understand the system.
Please do your due diligence of back testing the system and see if it suits you.
The system is based on sound trading principles around the popular triangle chart pattern which most
traders are familiar with.
A triangle pattern is a continuation pattern in a trending market and what we are aiming at is entering
the market at precisely the right time just as it breaks out of the triangle.
Using this system it works approximately 50% of the time with a Risk to Reward of 1:4
We use constant 5 pips SL and 20 TP.
We DO NOT trade around red news. If already in a trade around news move SL to BE.
This system will NOT work If your spread is bigger than 1.5 pips. Please make sure to use a
broker that offers small spreads.
Money Management
Trade Setup
Entries
The aim of the rules in this system is to try and put as many things in our favor as possible and give
us the best possible chance of a successful trade.
Getting your entry right is critical to this system and may take some practice.
When a trade setup is forming set a BUY STOP at the highest point plus your spread and your
5 pip SL at the same time and wait for the price to trigger your order.
Once moving in your direction set TP of 20 pips.
At this stage do not walk away from your trade, manage it.
Move your SL to BE when your trade has reached 75% of your TP.
Some Tips
If you are patient and are prepared to wait for good setups you will get 50% easily.
Trading is a numbers game, the more good setups you find the more trades/wins you will get.
For quality setups we need the tops to line up and as few pinny candlesticks as possible.
Remember, neat and clean and pure in form gets the best results.
Pinny Candlesticks are the ones with wicks on both top and bottom of a candle representing
indecision in the market.
Main setups we are looking for
Examples of trades
Hopefully, you all got an idea with these examples of what we are looking for. Please do your own
back testing to see if this method is for you.
Remember
Make Pips
Keep Pips
Repeat
This Pdf has been reproduced with the permission of RIFID in brief form from Forex Factory web site
for the purpose of having a handy quick reference guide to the system and is not to be reprinted or
sold in any form without the expressed permission of the system's creator, namely RIFID. For in
depth discussion on the system please refer back to the FF forum.
Method by – Rifid
Written by – AmanFx