Top Ad unit 728 × 90

Long term trading with SMA, Stochastic and Awesome

This long term trading strategy uses indicators SMA, Stochastic and Awesome Oscillator to find entry points.
Currency pairs: any.
Time Frame 4 hour, daily, and weekly. Chart.
Forex Indicators:
Simple moving average period, 200, close,
SMA 50 period,
Stochastic oscillator (5, 4, 4),
Awesome default.
Condition for buy: candle price is higher than the SMA 50 and 200 lines, %K line is above %D line and a currently closed bar of Awesome Oscillator is green.
BUY signal is generated when:
A candle that has just closed is positioned above the SMA lines;
Stochastic’s %K line is above %D line;
Last closed Awesome Oscillator’s bar is green If all of the conditions are met, a long position is opened with a stop loss 100 pips below.
When the position is profitable by 100 pips, the stop loss is deleted and a trailing stop is set at 100 pips. A position is closed either by a stop loss (or a trailing stop) or when two consecutive red bars of AO have appeared and Stochastic’s %K line is below %D..
Condition for sell: candle price is lower than the SMA 50 and 200 lines, %K line is below %D line and a currently closed bar of Awesome Oscillator is red.
SELL signal is generated when:
A candle that has just closed is positioned below the SMA lines;
Stochastic’s %K line is under %D line;
Last closed Awesome Oscillator’s bar is red If all of the conditions are met, a short position is opened with a stop loss at 100 pips.
When the position is profitable by 100 pips, the stop loss is deleted and a trailing stop is set at 100 pips. A position is closed either by a stop loss (or a trailing stop) or when two consecutive green bars of AO have appeared and Stochastic’s %K line is above %D line.  
Long term trading with SMA, Stochastic and Awesome

Long term trading with SMA, Stochastic and Awesome

Long term trading with SMA, Stochastic and Awesome Reviewed by learn forex trading on June 07, 2017 Rating: 5

No comments:

All Rights Reserved by Learn Forex Trading © 2014 - 2019

Contact Form

Name

Email *

Message *

Powered by Blogger.