Strategy with the use of EMA and Awesome Oscillator

Strategy with the use of EMA and Awesome Oscillator

Recommended timeframes H1

This is a simple strategy with the use of two indicators, which can be applied for any currency pair on the chart with the periods H1 or above. The basic concept of this strategy is to buy in the upward trend and sell in the downtrend with the minimal risk.

First of all, add the following indicators on the chart:

- EMA (Exponential Moving Average) with the period 200;

- Awesome Oscillator with the default settings.

Buy transactions can be carried out under the following conditions:

- the price is above EMA 200 (uptrend signal);

- Histogram lines of the Awesome Oscillator are green and above the zero line in the positive zone.

Stop Loss is set at the distance of 5 points lower than the previous swing low. Take profit is set at the distance, equal to the distance from Stop Loss to the current price in points, or it can be set at your own discretion.