Trend Awesome Oscillator EMA System is a strategy for trading with the trend. This trading system is an intraday strategy based on trend momentum indicators.
Trading NOTES
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- Use a demo account or a small live account first to practice this trading system
- Time Frame: M5, M15, M30, and H1
- Currency pairs: Majors Pairs
MetaTrader Trading Indicators
- 10 EMA
- 20 EMA
- 40 EMA
- JokerFilter (setting 240 min)
- Awesome Oscillator
- Commodity Channel Index
- Info (optional information on the price movement)
BUY Rules
- 10 EMA > 20EMA > 40EMA
- JokerFilter blue bars
- CCI line upward and above 50
- Awesome Oscillator blue Bars
SELL Rules
- 10 EMA < 20EMA < 40EMA
- JokerFilter red bars
- CCI line downward and below 50
- Awesome Oscillator red Bars
SELL Rules
- Info indicator is optional
- Re-entry when the price come back on the 40 EMA with the same conditions
- Exit Position
- Risk reward Ratio 1:2 or 1:3
- Initial stop on the previous swing
- Trade only in the direction of the trend