Strategy “Awesome”

Strategy “Awesome”

Recommended timeframes H4

The purpose of this strategy is to demonstrate the power of Awesome indicator. For this strategy we   use two more indicators. Basically, they are needed to confirm the signals of the main indicator. The strategy can be used for all major currency pairs on the timeframe above 4H.

The indicators to be used:

• Awesome Oscillator;

• Trend Strength;

• Trend Momentum.

Conditions required for buy transactions (Fig.1):

• Awesome Oscillator  blue;

• Trend Strengthblue;

• Trend Momentum blue and above the level 16.

Fig.1

Requirements for closing buy transactions:

• 2 indicators change color to red;

• Stop Loss is at the distance of 50 points (for 4H).

Conditions required for sell transactions (Fig. 2):

• Awesome Oscillator red;

• Trend Strengthred;

• Trend Momentum red and above the level 16.

Fig. 2

Requirements for closing transactions:

• 2 indicators change color to blue;

• Stop Loss is at the distance of 50 points (for 4H).