Hello Everyone,
This system combines the power of the Stochastic Oscillator and the Awesome Oscillator into a very simple to use, high accuracy system. Due to its simplicity and consistency, it can very good system for those of you who are looking to possibly make the jump from part time trader to full time trader.
Full System Details and News
Free Signals via Email and/or Yahoo Messenger!
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The System
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Chart Setup
Open a Daily Chart.
Add the Awesome Oscillator.
Add the Stochastic Histrogram, with 5,3,3 settings.
Add a 200 Simple Moving Average.
Long Entry Criteria:
1. Price is above the 200sma.
2. The Awesome Oscillator has changed to green.
3. The Stochastic Histogram has changed to green.
Short Entry Criteria:
1. Price is Below the 200sma.
2. The Awesome Oscillator has changed to red.
3. The Stochastic Histogram has changed to red.
Money Management and Exit Strategy
1. Open 2 trades which together risk no more than 3% of your total available balance.
2. Set a stop loss of -100 pips for both trades.
Trade 1: Set a take profit at +50 pips.
Trade 2: Set a take profit at +100 pips.
When you reach +50 pips, set the stop loss for the remaining trade to break even.
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Feel free to ask any questions you may have.
Good Luck Everyone!
This system combines the power of the Stochastic Oscillator and the Awesome Oscillator into a very simple to use, high accuracy system. Due to its simplicity and consistency, it can very good system for those of you who are looking to possibly make the jump from part time trader to full time trader.
Full System Details and News
Free Signals via Email and/or Yahoo Messenger!
-----------------------------
The System
-----------------------------
Chart Setup
Open a Daily Chart.
Add the Awesome Oscillator.
Add the Stochastic Histrogram, with 5,3,3 settings.
Add a 200 Simple Moving Average.
Long Entry Criteria:
1. Price is above the 200sma.
2. The Awesome Oscillator has changed to green.
3. The Stochastic Histogram has changed to green.
Short Entry Criteria:
1. Price is Below the 200sma.
2. The Awesome Oscillator has changed to red.
3. The Stochastic Histogram has changed to red.
Money Management and Exit Strategy
1. Open 2 trades which together risk no more than 3% of your total available balance.
2. Set a stop loss of -100 pips for both trades.
Trade 1: Set a take profit at +50 pips.
Trade 2: Set a take profit at +100 pips.
When you reach +50 pips, set the stop loss for the remaining trade to break even.
-----------------------------
Feel free to ask any questions you may have.
Good Luck Everyone!
Attached File(s)