AO (Awesome oscillator) is turned green and is placed above the zero level. MACD green band is above red band. MACD histogram is above zero level. One bullish candle has to close above mid BB and enter immediately at the open of next candle if the rest of components agree to each other. What to look for Awesome Oscillator Forex Trading Strategy with Bollinger Bands and Heiken Ashi Histogram (HA) Successfull Forex Awesome Oscillator Trading System with Bollinger Bands and Heiken Ashi Histogram – Awesome Oscillator (AO) is a momentum indicator reflecting the precise changes in the market driving force which helps to identify the trend’s strength up to the points of formation and reversal 06/04/ · Continue reading Bollinger Band With Awesome Oscillator Forex Trading Strategy → and content image about Bollinger Band With Awesome Oscillator Forex Trading Strategy,forex trader,candlestick patterns,commodity charts,fibonacci trading,forex technical analysis,forex scalping,forex eur usd,forex indicator,rsi,candlestick chart
Bollinger Band With Awesome Oscillator Forex Trading Strategy
The next strategy to be backtested in line is the trading strategy using Bollinger Bands and Awesome Oscillator. The strategy itself is quite simple and comprehensible even for the beginner traders — the entry points are easy to identify.
However, is it so easy in action as it seems? In the case, you are curious to learn what were the results of the MACD strategy backtesting, read the full article here. If you wonder how we came up with the idea of this backtesting experiment, read the full version here.
Bollinger Bands indicator consists itself with 3 Bands — Upper, Middle and the Low Band accordingly. The Upper and Low Bands form a kind of Resistance and Support levels and the width between them or the Price location according to them provide numerous signals about the trend, possible reversals or the further continuations, bollinger band with awesome oscillator forex trading strategy.
Another great thing is that Bollinger Bands is the kind of complex and inclusive indicator so it can be read in several different ways. For this specific strategy, we will use the signals from the candlestick cross of the Middle Band of The Bollinger Bands, taking as a fact that candlestick closing over the Middle Band signals about uptrend starting and vice versa — a candlestick closing below the Middle band provides signals about downtrend about to begin.
As a compound system itself, the Bollinger Bands indicator can provide signals of the trend ranges and reversals. However, accompanied with the Awesome Oscillator it creates a perfect pair of the indicators for the most precise signals of the trade entries. Awesome Oscillator is a great tool to check the strength of the trends. Awesome Oscillator is the histogram with the slopes crossing the zero level, turning red or green according to the strength of the Bullish or Bearish trend.
As well as the Bollinger Bands, there are 3 different options to trade the Awesome Oscillator, but for this particular strategy we use the next way to trade it:. However, feel free to try different options, because their diversity open up new backtesting and trading opportunities. A Reminder: in order to save your valuable time and efforts, bollinger band with awesome oscillator forex trading strategy, we have introduced the system of backtesting when you perform only 50 trades through 3 different types of market Bullish, Bearish and Flat markets and then again 20 trades through the given types of market, but during other periods.
Then with simple math calculations, we can make conclusions about effectiveness or irrelevance of the chosen strategy. The full version of the theory of our backtesting experiments and how did we came up with the idea of such backtesting you can read here. Unfortunately, within the given setting, timeframe and the listed above rules the strategy turn out to be a disappointment.
As expected, the most unpredictable performance was during the Flat markets — as this kind of strategy is based on the trend trading during the ranging markets this pair of indicators can provide the trader with the false signals.
Should a trader discard it? Definitely not. Please, bollinger band with awesome oscillator forex trading strategy, take into the account that our floating spread is set to 1.
Do not forget that the size of the spread matters and the larger it is, the bigger should be the profits to cover it up. As you can see, adjust, test and then change accordingly — is the only possible way to find the options suitable for YOU. There are dozens of the ways to trade the indicator alone or with the combinations with other ones. We show only one way to trade, however, nothing should stop the curious minds to try different settings and check how it can influence the final results.
As you can see, backtesting is quite simple activity in case if you have the right backtesting tools. The testing of this strategy was arranged in Forex Tester with the historical data that comes along with the program. In addition, you will receive 20 years of free historical data easily bollinger band with awesome oscillator forex trading strategy straight from the software.
Share your opinion if you have tried this combo of the indicators before and what were the results. Forex Tester is a software that simulates trading in the Forex market, so you can learn how to trade profitably, create, test and refine your strategy for manual and automatic trading. Forex historical data is a must for back testing and trading.
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ES JP. Toggle navigation. OTHER FOREX COPIER REMOTE 2 FOREX TRADE COPIER 3 EASY FOREX BUILDER FOREX SPEED UP. Bollinger band with awesome oscillator forex trading strategy Bands and Awesome Oscillator trading strategy: can the trader win? A Couple of Words About Indicators Bollinger Bands indicator consists itself with 3 Bands — Upper, Middle and the Low Band accordingly. Technical Information Indicators: Bollinger Bands 20;2Awesome Oscillator. Timeframe: 1 hour.
Currency pair: any, but EURUSD preferable. Buy Entry Rules: The price breaks the Middle Bollinger Band and the Bullish candlestick closes above it.
The slopes of the Awesome Oscillator cross the zero level up and turn green. On the candlestick where these two conditions are met, you open the Long trade. Sell Entry Rules: The price breaks the Middle Bollinger Band and the Bearish candlestick closes below it. The slopes of the Awesome Oscillator cross bollinger band with awesome oscillator forex trading strategy zero level down and are red.
On the candlestick where these two conditions are met, you open the Short trade The same as stated above, wait for the red bar to appear below the zero and enter the trade in the case if the price is still under the zero level.
Conclusions Unfortunately, within the given setting, timeframe and the listed above rules the strategy turn out to be a disappointment. As you can see, the main idea of our backtesting experiment was to show that: The price breaks the Middle Bollinger Band and the Bullish candlestick closes above it. Further Adjustments for Better Results What particularly can be a matter of the additional change and backtesting? Refer to the section where the indicators are described — as there are various ways to read the signals, bollinger band with awesome oscillator forex trading strategy, you can pick another way if you think it can be more precise; Again - custom settings of the indicators can reveal better sides of the trading system — we have use the default bollinger band with awesome oscillator forex trading strategy. Stop loss and take profit — we have tried the preset number of the Stop Loss and Take Profit, bollinger band with awesome oscillator forex trading strategy, but check how to adjust them manually as we have mentioned above.
Timeframe and the currency pair — try this strategy for scalping or the daytrading; Check how these indicators can perform alone or in combination with other ones. Maybe you know the third one that can add up to these two, bollinger band with awesome oscillator forex trading strategy. Try It Yourself As you can see, backtesting is quite simple activity in case if you have the right backtesting tools. Have you ever try the Bollinger Bands indicator with the custom settings?
What do you think about this strategy in general? Does it sound promising to try? What is your favorite indicator? Moving Average. Heiken Ashi. Renko bars. Home How to use Buy Upgrade Download Screenshots Blog Reviews Forum License agreement. Backtesting features Manual Indicator Algo Strategies Cryptocurrency Futures Intraday Trade Stocks Versions Forex Tester 5 Forex Tester 4 Forex Tester 3 Forex Tester 2. Historical data Data service Data sources Historical Forex price Historical Tick Data Historical Forex Rates Currency Rate History Forex Data Feed Products Forex Tester Forex Copier Remote 2 Forex Trade Copier 3 Easy Forex Builder Forex Speed Up.
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, time: 9:10Awesome Oscillator and BB Bands: winning duo or not?
Awesome Oscillator Forex Trading Strategy with Bollinger Bands and Heiken Ashi Histogram (HA) Successfull Forex Awesome Oscillator Trading System with Bollinger Bands and Heiken Ashi Histogram – Awesome Oscillator (AO) is a momentum indicator reflecting the precise changes in the market driving force which helps to identify the trend’s strength up to the points of formation and reversal 06/04/ · 5 Minute Forex Scalp Trading Strategy Using Bollinger Bands If you are looking for a Forex scalp trading strategy to ease the process of identifying entries, profit targets and stop losses, check out my simple yet profitable Bollinger Bands [ ] forex trading strategy in south africa chart patterns! please like and subcribe! % legit iq 24/06/ · Forex Bollinger Band Swing Trading Strategies, Forex Swing Trading Strategy using Bollinger Bands and the Awesome Oscillator ��. What Is Swing Trading? Swing trading is a style of trading that tries to catch gains in a supply (or any financial instrument) over a duration of a few days to numerous weeks
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