152# Awesome, Accelerator and HMA
Trend Momentum Strategy with HMA indicator
Submit by janusTrader
Time Frame H1
1 – Blue Candle;
2 – White AC Bar ( Accelerator Oscillator indicator ) , best if it’s above 0.0 level;
3 – White AO Bar ( Awesome Indicator ) , best if it’s above 0.0 level;
4 – Green Trend Line ( HMA indicator );
1 – Red Candle;
2 – Red AC Bar ( best if it’s below 0.0 level );
3 – Red AO Bar ( best if it’s below 0.0 level );
4 – Red Trend Line.
In the pictures below Trend Momentum Strategy with HMA indicator in action.
TARGET and STOP LOSS
Setting target profit and stop loss is important in trading. It requires a bit experience. So if you are new to trading, you can use the following simple rules:
Place target profit to 30 pips. And set stop loss to be the same.
You can use fixed numbers (as above), or support and resistance levels. But here is a great and easy way to set your targets and stop loss…
TARGET: Close trade when you get an opposite signal
STOP LOSS: White/Red Dots ( Shi Signal Indicator ). Shi Signal is an indicator that shows a possible reversal point to a trend. In the example below, you can see that we are about to enter a short trade, and use the previous Red Dot as the stop loss point.
You can apply the same way for long signal (use White Dot).
Awesome, Accelerator and HMA Trading System: Templete and Indicators Mt4
Share your opinion, can help everyone to understand the forex strategy.
Awesome Forex Strategies