The Awesome Oscillator must (a) have a red bar or (b) must be below the 0.00 level.Price must be (a)travelling below the 200 ema and head up to touch the 200 ema or (b) crossed down from above the 200 ema line and there’s a bearish candlestick closing above the 200 ema.For take profit target price level, aim for the previous swing high point or you can use a risk:reward of 1:2 or more.Place your stop loss 2 pips below the low of the nearest swing low, which ideally should be the bottom of the candlestick that touched the 200 ema and bounced back up from or 2 pips below the low of that bullish candlestick where you placed the pending buy stop order if that stop loss is not too close to get you stopped our prematurely.Place a buy stop order 2 pips above the high of that bullish candlestick (if spread is huge, increase this to between 3-5).The buy signal must be a bullish candlestick that forms after touching the 200 ema and bounced up or crossed from below the 200 ema and closed above the 200 ema line.The Awesome Oscillator must (a) have a green bar or (b) must be above the 0.00 level.Price must be (a)travelling above the 200 ema and head back down to touch the 200 ema or (b) crossed up from below the 200 ema and there’s a bullish candlestick closed above the 200 ema.What currency pairs you can trade this system? Anyįorex Indicator needed: 200 ema and Awesome Oscillator (default settings). What timeframes are required for this: 1 hour and upwards In here, you will learn the trading rules on how to use trade teh 200 exponential moving average with the Awesome Oscillator Indicator. The 200 EMA With Awesome Oscillator Forex Trading Strategy is a very simple trend trading system and therefore in a strong trending market, it has the potential to be really profitable.
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