Aroon up down is a trend momentum system for intraday trading. We have a combination of trend indicators with momentum indicators.
Time Frame: 60 min, 30 min.
Markets: Currency pairs and Index.
Indicators:
- Aroon up & down indicator (14 period),
- RSI( relative strength index 14 period),
- ADX(Average Directional Movement Index 14 period) ,
- S-ROC(Smooth -Rate Of Change 13, 21 ) ( install also roc-c)
- Bollinger Band Stop (14:2),
- Pivot Point
Extra Indicators:
- 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.
- and 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)
- Matrix ACRA (formed by CCI ADX, RSI, Aroon created by Tecnobyte).
Trading System Rules
BUY Entry Rules
- Aroon up cross above Aroon down and is above 70 level.
- Bollinger Band stop blue dot,
- ADX>20 and +DI cross above -DI,
- Roc dodger blue bar (optional),
- Matrix ACRA 3 blue square.
SELL Entry Rules
- Aroon down cross above Aroon up and is above 70 level.
- Bollinger Band stop red dot,
- ADX>20 and -DI cross above +DI
- Roc Red bar (optional),
- Matrix ACRA 3 blue square.
Exit Position
- Make profit on the pivot point ((S3,S2,S1,pivot ,R1,R2,R3),
- Initial Stop loss is on the previous swing.