Trend Awesome system is an intraday forex trading strategy which helps the traders to trade in the direction of the trend. Any trader would agree to the fact that trend following strategies are the best one and they have higher probability of success than the counter trend strategies. However, the rules of the system should be exactly followed in order to get the best result out of it. One should master the common psychological aspects like self discipline and patience in order to make profitable trading using any trading strategies. If these aspects of trading are not mastered, regardless of what trading method is used, one will never make a profitable trading. What one should understand is that one should fully follow the system with complete discipline before complaining about the systems. Unsuccessful trader always blames the system. You givehim/her a great system; he/she will always find a reason to say that the system doesn’t work. So before blaming the system, try to master the system with full discipline and confidence.
Trend awesome system is really a simple trend following strategy. This strategy is based on trend momentum indicators. This indicator includes the following technical indicators:
- Exponential Moving Average (EMA)
- Exponential Moving Average- Period 10 – Applied to close (It identifies the short term trend)
- Exponential Moving Average –Period 40-Applied to close (It identifies the intermediate trend)
- Exponential Moving Average-Period 150-Applied to close (It identifies the long term trend)
You can see the awesome oscillator at the bottom of your chart window. It is seen like a simple histogram. You can find this oscillator in two colors; green and red. Green bar on the oscillator indicates the bullish momentum while the red bar indicates the bearish momentum of the price.
You can see the filer in between the price chart and the awesome oscillator. It generally consists of the; bars that are all equal in length. You can find these bars in two colors; green and red. Same like in the awesome oscillator, green bar indicates the bullish momentum while the red bar indicates the bearish momentum.
Another very interesting thing about this indicator is that you can find bunch of useful information about the system on the top right section of your chart window. This information basically tells you about the direction of the trend, confirmation of the signal, currency pair, next closing time of the current candle and average market speed.
Trend Awesome System Compatibilities
Time frame: 30 Minutes
Currency pair: Major pairs
Trend Awesome Conditions for Buying:
- EMA 10 should cross above all the moving averages i.e. Red colored moving average should be above the blue and the green moving average.
- Trend filter (which lies between awesome oscillator and price chart) should be green in color.
- Awesome oscillator should be green in color.
For the selling condition the opposite of above conditions is applied.
Trend Awesome Stop Loss and Take Profit
Stop loss should be adjusted 10 pips below/above the EMA 150.
Risk to reward ratio should be 1:1 and 1:2
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