Trend Awesome System is a strategy for trading with the trend. This fx system is an intraday strategy based on trendmomentum indicators.
Time Frame 30 min.
Currency pairs: Majors.
Tools indicators:
Exponential Moving average 10 period close (measures the short trend-momentum ).
Exponential Moving average 40 period close ( identifies the intermediate trend ).
Exponential Moving average 150 period close ( identifies the long-term direction).
Filter (setting 240 min)
Awesome oscillator.
Info (main informations on the price movement).
Trading rules Trend Awesome System
Trade only in the direction of the trend.
Buy
10 EMA >40EMA>150EMA
Trend Filter green bar
Avesome green Bar.
Sell
10 EMA <40EMA<150EMA
Trend Filter red bar
Avesome green Bar.
Info indicator: optional.
Re-emtry when the price come back on the 40 EMA with the same conditions.
Exit Position
Profit Target ratio 1:1, 1:2 stop loss.
Initial stop loss 8 pips above/below 150 ema.
or
Related Mt4 Indicators
Price reversal band scalping Trading System for MT4
Directional Key Trading System for MT4
Don't Miss Pro Indicators And Trading Systems
