The Forex OsMA Oscillating SCALPING Strategy with Volatility Quality Filter [8947]

Simple high accuracy “Forex OsMA Oscillating Indicator Strategy with Volatility Quality Filter” – This Moving Average (OsMA) oscillating indicator is a derivative of crossover strategies and will be our main entry signal indicator.

As the OsMA reflects the first positive bar, we get a BUY signal. As the OsMA reflect the first negative bar, we get a SELL signal.

But before we fire our shots, we have to screen our trades first.

To have a higher probability trade, we should be trading in the direction of a higher timeframe trend.

To determine our trend, we will be using the Volatility Quality – Zero Line GZ Filter.

• Time Frame:
  • M5 (Scalping), M15
  • M30, and H1 (Intraday)
  • H4 or higher (Swing trading)
• Currency Pairs: Any

 

• OsMA
• Volatility Quality – Zero Line GZ

 

• Download “ForexWOT.Com-OsMAOscillatingSystem” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “ForexWOT.Com-OsMAOscillatingSystem.tpl” file (template) to your Metatrader Directory …/templates /
• Start or restart your Metatrader Client.
• Select Chart and Timeframe where you want to test your forex system.
• Right-click on your trading chart and hover on “Template”.
• Move right to select “ForexWOT.Com-OsMAOscillatingSystem” trading  system and strategy
• You will see “OsMA Oscillating Trading System” is available on your Chart

 

• Volatility Quality (line): Green
• OsMA (histogram): Enter a BUY market order on the close of a candle corresponding a cross above the zero OsMA

 

• Volatility Quality (line): Red
• OsMA (histogram): Enter a SELL market order on the close of a candle corresponding a cross below the zero OsMA

 

• Set the take profit at 2x the stop loss in pips (Risk Reward Ratio = 1:2)
• The higher the reward-risk ratio, the higher the risk of not reaching the take profit.
• The OsMA indicator is a classic example of how to use an oscillating indicator as a basis for an entry.