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.
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