Awesome Oscillator Trading Strategy – How an Awesome Indicator can be NOT so… – Forex Day Trading

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Awesome Oscillator Trading Strategies How to use the Awesome Oscillator Indicator in Forex and to make money in the Stock Market as Day trader
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Is the Awesome Oscillator really that awesome in trading? Can you actually make money with it as a trader? I mean it is a momentum indicator, and momentum indicator combined with the trend, have worked really well on the Trading Rush Channel. To find out if the Awesome Indicator works or not, I tested it 100 times. Furthermore, I got curios after seeing the results, and tested the MACD strategy 100 times again, to compare it with the awesome indicator. So in this video, I tested the Awesome Oscillator and the MACD strategy 100 times, and here’s what happened.

The Awesome Oscillator was created by Bill Williams, and you have probably heard this name before on this channel, because some of the useful indicators we have tested on the Trading Rush channel, were created by Bill Williams. The alligator indicator was one of them, and it is one of the most useful indicators to identify the trend. Awesome Oscillator is used to find the trend direction and the possible reversal points. It uses the simple moving averages to calculate its values, and calculates the difference of a 34 and 5 period Simple Moving Averages, but here’s a twist. Unlike the usual simple moving averages where values are calculated using the closing price of the candles, simple moving averages in the awesome oscillator uses the mid point of the candle to calculate it’s values.

This is how the Awesome Oscillator looks like on the TradingView Platform, and since the awesome oscillator is an oscillator, it oscillates between values that are above and below the zero line. At the first glance , an Awesome Oscillator looks very similar to the histogram of the MACD indicator. So will it work as good as the MACD strategy? In the Awesome Oscillator, a green bar appears if the value is higher than the previous value. And a red bar appears if the value is lower than the previous value. So when the Awesome Oscillator value is below the zero line, it indicates a downtrend. And if the Awesome Oscillator value is above the zero line, it indicates an uptrend, Simple as that.

Now, there are 3 popular trading strategies that are based around the Awesome Oscillator. In this video, the strategy that I have tested 100 times, is called the zero line cross. As you can tell by the name, this Awesome Oscillator Trading Strategy is really simple. The entry signal in the strategy is generated using the zero line of the Awesome Oscillator. The Buy signal is when the awesome oscillator crosses above the zero line, and the sell signal is when the awesome oscillator crosses below the zero line. Pretty straight forward, but if you have been watching the Trading Rush Channel for a while, you know that pretty straight forward strategies like these are not that good on their own, because they don’t consider the long term trend direction. So we will use the 200 exponential moving average with the awesome oscillator, to make sure we take entry signals only in the direction of the long term trend direction.

So here’s how the modified awesome oscillator trading strategy goes. The long entry signal is when the awesome oscillator crosses above the zero line, only if the entry candle is above the 200 period moving average. And the short entry signal is when the awesome oscillator crosses below the zero line, and if the entry candle is below the 200 period moving average. In this example, price was above the moving average which indicates an uptrend. In this uptrend, the awesome oscillator crosses above the zero line, so the long entry is at the closing price of the candle, and stop loss is below the pullback. In this short example, price was below the moving average which indicates a downtrend. And in this downtrend, the awesome oscillator crosses below the zero line, so the short entry is at the closing price of the candle, and stop loss is above the pullback of the trend.

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One Method To Trade Market Channels

The technical analysis needs to also be identified by the Forex trader. It is recommended to always paper trade a new strategy prior to executing in a live account. You will be using the default setting for the MACD.

Forex Pattern Analysis all depends upon determining the start of a brand-new trend at the ideal time and completion of that pattern before it really happens. If you can master these 2 things, you are all set on your way to making a million dollars in the forex market. Pattern is your good friend is the oft repeated phrase.

CROSSOVERS: The standard Macd Trading rule is to offer when the MACD falls listed below its signal line. While a buy signal happens when the MACD rises above its signal line. It is likewise popular to offer or purchase when the MACD exceeds or below no line.

Prudent financiers constantly have an exit plan before they Macd Trading signals go into a trade. Whether it’s a sell stop or adjustment method, it should already be thought about before the trade begins.

Developing an efficient forex technique also depends on a specific individual. Depending on one’s requirements and objectives, the strategy can be followed. The primary and very first element is time. One requires to decide if simply half an hour in front of the monitor is long or enough hours would assist one choose. Likewise this depends upon the convenience level of the specific with the charts.

Reasonably safe trades can be found merely by discovering times when those four are moving together and Macd Trading Crossover in the instructions of that dominating trend.

A lot of traders lose since they enter too early. They want to hit the top and bottom of the patterns and so they break the forming and continuous trend due to the fact that they believe that they have actually found a good reversal signal. the trend has been opting for such a long time and it is time to reverse and. feelings like this.

What you desire to do is desire for “resume and retrace”. What that indicates is that you must see MACD in the same location as the trend. Wait on it to swing to the opposite side of the 0 line and then both main and signal lines to return back.

Swing trading in Forex is really basic but its a really reliable way, to make big Forex gains and due to the fact that humanity, will constantly push prices to far to the benefit or disadvantage when greed and fear take hold, it will constantly work. Try Forex swing trading if you want to make great earnings from currency trading in 30 minutes a day or less.

As a result when you have actually learned the patterns, they can be traded very beneficially. OWhen you pick a smaller sized timeframes (less than 60min) your typical profit per trade is normally comparably low.

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