Plan 415

Plan 415 deals with combining the 4 hour method along with the 1 hour entries and the 5 minute method. This is an advanced methodolgy that assumes you are familiar with the 4 Hour Market Rhythm Forex Strategy along with the 1 hour entries and the 5 minute method. There are no threads at the Forex Factory that deal with combining these two methods and we feel that it would NOT be a good idea to post questions about this strategy in either the 4 hour thread or the 5 min thread. Please keep those threads specific to those methods to avoid any confusion for new members that are just starting out. Use this information for your own benefit which should be self exlanatory given the fact that you are familiar with both methods.

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Plan 415 Indicators

There have been a few additional indicators created and a few well known ones added. Refer to the Plan 415 pdf for the explanation of the Gap indicators and how the RSIBar and ADXColorBar are used. You must drag and drop the RSI and ADX into the same indicator window to have the RSI and ADX show up with the colored bars for that indicator. The colored bars represent the values of the RSI and in the ADX, if the +DM is greater than the -DM and vice versa. The period is set to the default value of 14 for both indicators. The fast and slow inputs for the Gap indicators are set to the defualt value of the 8EMA and 21EMA per the 4 hour method.

   

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