Awesome with Bollinger Bands Scalping - forex trading hours in philippines

Awesome with Bollinger Bands Scalping ~ forex trading hours in philippines

Awesome with Bollinger Bands scalping is a trend momentum intraday system very simple but effective. Trading hours are London and New Yor Sessions.

This trading system work only in volatile market.

1 step choose the currencies where trading

Open charts on four hours or daily and identify two or three currency pairs that are breakout. Apply the ADX on these currencies, the value ADX must have a value greater than 25.

After go on 5 min chart or 1 min chart for trading.

Setup for intraday trading

5 min time frame or 1 min

Currency pairs with low spread (recommended ECN markets).

Indicators:

Bollinger Bands (20, 2),

Awesome,

Exponential Moving Average 3 period, close.

Trading Rules

Buy

EMA 3 period crosses upward the middle band of the BB and Awesome oscillator be approaching or crossing its zero level, upward .

Sell

EMA 3 period crosses downward the middle band of the BB and Awesome oscillator be approaching or crossing its zero level, downward.

Exit position:

1, When Awesome Oscillator turns a different color or with predetermined small profit target;

2. Initial stop loss below/above the upper/lower band.

More info for Awesome with Bollinger Bands Scalping ~ forex trading hours in philippines:

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Trading with Force Index - forex trading hours and days

Trading with Force Index ~ forex trading hours and days

The Force Index developed by Alexander Elder is an indicator that uses price and volume . The Force Index can be used as trending indicator to reinforce the overall trend, for identify corrections of the markets or reversals trend with divergences.

In this trading system we use the Force Index with other indicators of trend.

Time Frame 30 min or higher.

Indicators:

• Moving Average - period 20, simple method, it’s normally above or below the price.

• Parabolic SAR - step 0.02, maximum 0.2, represented by the dots that are also found above or

below the price.

• MACD - fast ema,12, slow ema ,26, Macd sma ,9,

• Force Index - period 13, simple method.

MACD and Force Index are shown in two separate windows below the chart see picture.

Buy

The Moving Average should be below the price and point up;

The dot of the Parabolic SAR should be below the price;

MACD crossover upward below the ‘zero line’;

The Force Index should be point up.

Exit buy

Exit when the Parabolic SAR changes direction an is above the price, or also exit when the MACD crossover above the ‘zero line’.

Sell

The Moving Average should be above the price and point down;

The dot of the Parabolic SAR should be above the price;

MACD crossover downward above the ‘zero line’;

The Force Index should be point down.

Exit sell

Exit when the Parabolic SAR changes direction an is below the price, or also exit when the MACD crossover belw the ‘zero line’.

Stop Loss should be set to 20-30 pips away from the entry price for intraday trading with time frame 15 min and 30 min.

More info for Trading with Force Index ~ forex trading hours and days:

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