Aroon Indicator Strategy : Best Forex IntraDay Trading System Setting For Aroon Indicator Software and ADX

FREE DOWNLOAD Best Forex Trading System Setting For Aroon Indicator Software and ADX –  Traders use the Aroon “Up and Down” indicator lines to judge the strength of a trend, as absolute values signify strength, but simultaneous changes reflect a market that has yet to make up its mind.

The Aroon Indicator is classified as an “oscillator” since the values fluctuate between calculated upper and lower boundaries.

The indicator chart typically has two lines, an “Up” version and a “Down” version, which simultaneously measure the momentum in either direction.

When polar opposites occur, a peak or valley is the forecast, typical of overbought or oversold conditions.

 

Best Forex Trading Rules

 

This ( Aroon IntraDAy Trading System ) is trend momentum system for intraday trading. We have a combination of trend indicators with ADX indicator. (Recommended Forex Trading System : The Magical Multiple Moving Average Forex indicator to Evaluate Trading Conditions)

• Besrt Time Frame : 60 min, 30 min, and 15 min.
• Recommended Markets : Currency pairs and Index.

 

MetaTrader Indicators

• Aroon up & down indicator (14 period),
• GG trend bar
• RainBow MMA (Multi Moving Average Forex Trading Indicator),
• ADX(Average Directional Movement Index 14 period) ,
• DDFX  BBStop
• Signal Trend
• Pivot Point

 

GG trend Bar for know each frame direction of the market (red down trend ,green up trend ,yellow range market) Tips (optional): trade only when H1 H4 D1 are in the same direction.

AIMS box ( if signal is inside box and box is big we can take signal, if box is small and signal is inside maybe better to wait breakout)

 

BUY Rules

• Blue line Aroon up cross above red line Aroon down and is above 70 level.
• Price upward above RainBow indicator,
• Signal Trend green bars,
• Bollinger Band stop blue dot,
• ADX>20 and +DI cross above -DI,

 

SELL Rules

• Blue line Aroon down cross below red line Aroon up and is below 30 level.
• Price downward below RainBow indicator,
• Signal Trend red bars,
• Bollinger Band stop red dot,
• ADX>20 and +DI cross above -DI,

EXIT Rules

• Make profit on the pivot point (S3,S2,S1,pivot ,R1,R2,R3),
• Initial Stop loss is on the previous swing.

 

Aroon Indicator Note

The Aroon Indicator is composed of a two fluctuating curves.

In the trading system above, the “Blue” line is the Aroon “Up” Indicator, while the “Red” line represents the Aroon “Down Indicator.

The Aroon Indicator is viewed as a “leading” indicator, in that its signals foretell that a change in trend is imminent.

The weakness in the indicator is that timing is not necessarily a product of the Aroon oscillator, but the interpretation of the action of each opposing line can aid in confirmation of buy and sell signals.