75# Awesome, Stochastic and ADX Trading System

Submit by Maximo Trader  06/02/2012

 

Currency pairs: any;

Timeframe: H4;
indicators: Awesome Oscillator (AO), Stochastic Histogram (5, 3, 3), Advanced_ADX (13);
Strategy: The trend line;
Protective orders: StopLoss, TakeProfit, breakeven.

Indicators for the trading strategy
The strategy 4HR used two custom and one standard forex indicators:

1) Awesome Oscillator (AO) Bill Williams, who helps to find and determine the overall direction of the trend of the market with high accuracy.

2) Indicator Advanced_ADX determines the strength of the current acting in the present market trend, and indicates its direction of motion.


3) Stochastic (Stoch_Histogram) helps the trader to determine when the trend in the market changes direction.

Using these indicators together give the trader a very reliable trading signal at the entrance to the market.


Rules of the trading strategy
Long Entry


1) Awesome Oscillator indicator is colored green;
2) Indicator Stochastic_Histogram painted the same green;
3) The indicator Advanced_ADX also colored green and is above its level 15.

When the coincidence of all signals, opening the deal to buy at the opening of the next candle, after signaling (which matched all the signals).


Trading System:Awesome 4H

Awesome 4H
Trading System:Awesome 4H
Awesome 4H.rar
compressed file archive 4.7 KB

 

 

Short Entry

1) Awesome Oscillator indicator is colored red;
2) Stochastic indicator _Histogram painted as a red color;
3) The indicator Advanced_ADX also colored red and is above its level 15.

When the coincidence of all signals, opening the deal to sell at the opening of the next candle, after signaling (which matched all the signals).

Money Management

Open the following two trading positions with a total risk of not more than 3% of your deposit size.

Safety stop-loss set at 100 points, or for the nearest local minimum (for sale) or the nearest local maxima (for sale) - that is closer to a deal.

For trade position 1 set profit target at a distance of 100 points. For trading positions 2 - takeprofit not intended, and it holds up until 2 indicators of the 3 installed, do not change their color to the opposite.

For the two open trades move the stop-loss at break even as soon as the profit on them was 50 points. 

 

Write a comment

Comments: 0

Stochastic Forex Strategies

77# Stochastic, MA, and MACD Scalping - Forex Strategies - 

207# Double Smoothed Stochastic Scalping - Forex Strategies ...

49# CCI and Stochastic Retracement - Forex Strategies - Forex ...

4# Stochastic and EMA Multitimeframe - Forex Strategies - Forex

21# Slow Stochastic, Mas and ADX - Forex Strategies - Forex ...

75# Awesome, Stochastic and ADX - Forex Strategies - Forex ...

25# ADX, Awesome and Stochastic Histogramm - Forex 

35# Parabolic, Stochastic and MACD - Forex Strategies - Forex ...

2# Stochastic Strategy - Forex Strategies - Forex Resources - 

65# Stochastic Divergence, Advanced Strategy - Forex Strategies

85# Stochastic MTFStrategy - Forex Strategies - Forex Resources

44# Stochastic Trading Method III “ MTF Scalp ” - Forex Strategies ...

43# Stochastic Trading Method II “ Escalator II ” - Forex Strategies

55# Stochastic, MACD,SMA - Forex Strategies - Forex Resources ...

43# Stochastic Trading Method II “ Escalator II ” - Forex Strategies

Stochastic Metatrader Indicator - Forex Strategies - Forex Resources ...

160# Sexy Stochastic method Boxingislife - Forex Strategies - 

26# Inside Bar and Stochastic - Forex Strategies - Forex 

45# Stochastic Trading Method IV, “Spud's MTF FIB Breakout 

215# Stochastic MTF Scalping - Forex Strategies - Forex 

46# Stochastic Trading Method V, “Spudfyre” - Forex Strategies ...

159# Sexy Stochastic method Melpheos - Forex Strategies - Forex

194# Stochastic and Macd MTF with Support and Resistance - 

202# Centre of Gravity and Stochastic - Forex Strategies - Forex ...

7# Stochastic Oversold/Overbought - Forex Strategies - Forex ...

204# Stochastic, Bollinger Bands and LWMA's - Forex Strategies

20# Bollinger Bands and Stochastic - Forex Strategies - Forex ...

14# Sekuntil Stochastic - Forex Strategies - Forex Resources - 

 

Awesome Forex Strategies