30# Stochastic, Awesome and Ema Forex Trading System
Time Frame: 4H and Daily
Indicators:
Stochastic (5,3,3)
Awesome;
EMA 200.
Enter long (buy) order when:
The current price is above the 200 EMA AND;
The AO has changed to green AND ;
The Stochastic ‘s main line goes up above the 50 line .
Enter short order when:
The current price is below the 200 EMA AND;
The AO has changed to red AND;
The Stochastic ‘s main line goes down over the 50 line .
Stop Loss
50 pips 4H Time Frame, 100 Daily Time Frame.
Take Profit
For Trade 1 (lot 1): Set a take profit at +100 pips
+100 pips(dailyTF EUR/USD), (50 pips 4H EUR/USD).
. For Trade 2 (lot 2): Allow this trade to run until the Awesome Oscillator is showing areverse signal. (change from green to red or vice versa).
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