Best Super Effective “‘MA Trend Awesome” Forex Trading System – How to identify trend in forex trading with Moving Average and Awesome Oscillator indicator.
Bill Williams’s Awesome Oscillator Technical Indicator (AO) is a 34-period simple moving average, plotted through the bars midpoints (H+L)/2, which is subtracted from the 5-period simple moving average, built across the bars midpoints (H+L)/2.
It shows us quite clearly what’s happening to the market driving force at the present moment.
Forex MA Trend Awesome Trading Rules
Trade only in the direction of the trend – MA Trend Awesome System is a strategy for trading with the trend. This fx system is an intraday strategy based on Moving Average, Awesome Oscillator and Trend Momentum indicators.
- Best Time Frame : 60 min, H4 and D1
- Currency pairs : Majors.
Forex MetaTrader Indicators:
- Rainbow MMA
- Awesome Oscillator
- Signal Trend
- 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)
- 10 EMA >40EMA>150EMA>200EMA
- Trend Filter green bar
- Avesome green Bar
- Momentum 7 line and momentum 49 line upward and above 100 level.
- 10 EMA <40EMA<150EMA<200EMA
- Trend Filter red bar
- Avesome green Bar
- Momentum 7 line and momentum 49 line downward and below 100 level.
Re-emtry when the price come back on the 40 EMA with the same conditions.
- Profit Target ratio 1:2, 1:3 stop loss.
- Initial stop loss 8 pips above/below 150 ema.
Restrain your emotions
Greed, excitement, euphoria, panic or fear should have no place in traders’ calculations.
Yet traders are human beings, so it is obvious that we have to find a way of living with these emotions, while at the same time controlling them and minimizing their effect on our lives.
That is why traders are always advised to begin with small amounts. By reducing our risk, we can be calm enough to realize our long term goals, reducing the impact of emotions on our trading choices.
A logical approach, and less emotional intensity are the best forex trading tips necessary to a successful career.