25# ADX, Awesome and Stocastic Histogram Forex Trading System

Trading with oscillators

Submit by Forexstrategiesresources

 

This system trades on all pairs, and on all time frames (except 1M). The best time frame is 30M, 1H or 4H. Before you make the trades, always make sure you check if your trade is consistent with bigger market trend. For example, if you want to place a long trade on a 15M chart, make sure you check if the trend in 1H or 4H is UP, and so on. This system uses 3 indicators ADX, AO and Stochs Histogram. And the entry/exit rules are very simple as follows:

Long Entry :

 

Awesome Oscillator is GREEN

 

Stochastic Histogram oscillator is GREEN

 

ADX Oscillator is Green AND above the 15 line.

Short Entry:

 

Awesome Oscillator is RED

 

Stochastic Histogram is RED

 

ADX Indicator is RED AND above the 15 line.

 

Exits:

 - Reverse signals appear. For example, if you enter a long trade, a reverse signal appears when 2 among 3 indicators turn red. And opposite for short trade.


- Price action. For example, you use support/resistance trendlineFibonnaci levels etc;

- Profit Target;

-Trailing Stop.


 

In the picture below ADX, Awesome and Stocastic Histogram Forex Trading System in action.

 

Share your opinion, can help everyone to understand the forex strategy.

Comments: 1
  • #1

    Alexander01 (Wednesday, 30 October 2019 01:03)

    Bulletproof strategy! Used 0.5 Lot with 600€ Account and i am now at 1480€ after a week. Used it while im on holiday from my job. It seems i can finally quit the 9 to 5 life!!! So happy!

Forex Indicator
Advanced ADX - 2 alerts.rar
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