Sorry to hear Forex is giving you grief. Now you know why it took me 5 years to make any reasonable money out of this game.
Honestly H4 like H1 is one of the worst time frames to trade if you are trading single entry / single exit.
The problem is your setup can be correct at time of entry but NEWS changes the picture so you are at mercy to the BANKERS and world news. Its a miracle you can win over a month if you just trade off those time frames.
I have an ideal for you to try at no risk but just close your live account to prevent your brokers getting richer.
I was talking to a few broker agents last week, three of them detailed how they trade for me. Its the same as one of my two main strategy's.
It seems we all trade with a small first trade then build into a position with multiple trades as it become profitable.
We as a group are building into a position based of the Weekly Chart.
Here's an example - AUDNZD . This is clearly a Buy on the Weekly Chart
Trending Monthly Long - Tick
Trending Weekly Long - Tick
Trending Daily Long - Tick
Also its Trending Long by the H4 chart which is good for timing - Tick
So a AAA+ Low risk trade
I am building a basket of Buy trades starting from Monday. The first trade will only be 0.10 Lot size but I will add more only when I am in profit. I never add more trades less than a 4 hours apart and never less than half the Daily Average movement which is 30 pips on this pair. So it will be Multiple entry / Single exit.
The Invalidation line is the area where I consider the Weekly trend is invalid but this is only determined when the CANDLE CLOSES on Saturday morning.
