75# Awesome, Stochastic and ADX Trading System
Submit by Maximo Trader 06/02/2012
Currency pairs: any;
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
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
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
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).
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.
Stochastic Forex Strategies
Awesome Forex Strategies