Aroon Horn Indicator is a forex trading indicator. This forex trading indicator is very simple and very effective one. The Aroon Horn Indicator is trend following forex trading indicator. The signal is generated both in the direction of the trend and in the counter trend direction but you should take trades only in the direction of trend. Trend is your friend after all. The Aroon Horn Indicator can be used to trade in any time frame and with any currency pairs. You will also have many trading opportunities while trading with this indicator as there will occur many crossovers in the oscillators of the Aroon Horn Indicator. You need to be highly disciplined and patient to make money with this indicator.
Remember this is a very powerful indicator so if you follow the rules of the indicator strictly you will make money no doubt. When you install Aroon Horn Indicator in your trading platform, your chart should look like this:
- Aroon Horn Indicator
Aroon Horn Indicator consists of two oscillators which are blue and red. The crossovers of these two oscillators generate the buy and sell signals. When the blue oscillator crosses above the red oscillator it’s a buy signal and when the red oscillator crosses above the blue oscillator it’s a sell signal.
Buying Conditions Using Aroon Horn Indicator.
- Market should be up trending.
- When the blue oscillator crosses above the red oscillator place a buy order.
- Place your stop loss just below the recent swing low.
- Take your profit when the red oscillator crosses above the blue oscillator.
Selling Conditions Using Aroon Horn Indicator.
- Market should be down trending.
- When the redoscillator crosses above the blue oscillator place a sell order.
- Place your stop loss just above the recent swing high.
- Take your profit when the blue oscillator crosses above the red oscillator.
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