Hourly trending strategy

The Hourly trending strategy generates trading signals from two EMA lines, Momentum Indicator, Awesome Oscillator and MACD oscillator. This is a trend-moment trading system.

Time frame 30 min and 60 min or higher.

Currency pairs: majors. EUR/USD, GBP/USD, AUD/USD, GBP/JPY, USD/CHF, USD/JPY

Indicators:

Exponential Moving Average 9 period, close;

Exponential Moving Average 30 period, close;

Momentum (30 period, close),

Awesome Oscillator (AO)

MACD (24, 48, 9)

Hourly trending strategy rules

Long Entry

Fast exponential moving average, EMA (9) crosses upward slow EMA (30) .

Momentum (30 period) has closed above 0.

The Awesome Oscillator’s last color green.

MACD histogram (24, 48, 9) above zero line.

If all of the above conditions are agree and the candle is closed, a buy order is opened with a stop loss at 50 pips. When there is a profit of 20 pips, put a trailing stop is set at 20 points. A position is closed by a stop loss, a take profit or when a Sell signal is generated.

Short entry

Fast exponential moving average, EMA (9) crosses downward slow EMA (30) .

Momentum (30 period) has closed to be below 0.

The Awesome Oscillator’s last color red.

MACD histogram (24, 48, 9) below zero line.

If all of the above conditions are agree and the candle is closed, a sell order is opened with a stop loss at 50 pips. When there is a profit of 20 pips, put a trailing stop is set at 20 points. A position is closed by a stop loss, a take profit or when a Buy signal is generated.