The Trend Awesome System is a forex strategy for trend-following trading approach. This is an intraday strategy based on trend-momentum indicators. Below you can find more details.
Characteristics of the system:
- Currency Pairs: any, majors recommended
- Timeframe: 30 min
- Exponential Moving Average set to 10 period close (measures the short trend-momentum).
- Exponential Moving Average set to 40 period close ( identifies the intermediate trend).
- Exponential Moving Average set to 150 period close ( identifies the long-term direction).
- Filter (setting 240 min).
- Awesome oscillator.
- Info (main informations on the price movement).
How to trade with Trend Awesome System?
Important! : Trade only with the direction of the main trend.
Open BUY order when following conditions are met:
- 10 EMA >40EMA>150EMA.
- Trend Filter bar is green.
- Awesome bar is green.
Open SELL order when following conditions are met:
- 10 EMA <40EMA<150EMA.
- Trend Filter red bar.
- Awesome bar is red.
Exit and stop loss suggestions:
- You can set Take Profit with the of ratio 1:1, 1:2 of your stop loss.
- Set you initial stop loss at 8 pips above / below 150 ema.
Info indicator is optional.
You can enter the market again when the price come back on the 40 EMA with the same conditions.