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30# Stochastic, Awesome and Ema Forex Trading System

Time Frame: 4H and Daily

Indicators:

Stochastic (5,3,3)

Enter long (buy) order when:

The current price is above the 200 EMA AND;

The AO has changed to green AND ;

The Stochastic ‘s main line goes up above the 50 line .

Enter short order when:

The current price is below the 200 EMA AND;

The AO has changed to red AND;

The Stochastic ‘s main line goes down over the 50 line .

Stop Loss

50 pips 4H Time Frame, 100 Daily Time Frame.

Take Profit

For Trade 1 (lot 1): Set a take profit at +100 pips

+100 pips(dailyTF EUR/USD), (50 pips 4H EUR/USD).

. For Trade 2 (lot 2): Allow this trade to run until the Awesome Oscillator is showing areverse signal. (change from green to red or vice versa).

Share your opinion, can help everyone to understand the forex strategy.

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Forex Trading System

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