620# Trend Awesome System
Awesome EMA FX System
Submit by MJ 29/01/2015
Trend Awesome System is a strategy for trading with the trend. This fx system is an intraday strategy based on trend momentum indicators.
Time Frame 30 min.
Currency pairs: Majors.
Tools indicators:
Exponential Moving average 10 period close (measures the short trend-momentum ).
Exponential Moving average 40 period close ( identifies the intermediate trend ).
Exponential Moving average 150 period close ( identifies the long-term direction).
Filter (setting 240 min)
Awesome oscillator.
Info (main informations on the price movement).
Trading rules Trend Awesome System
Trade only in the direction of the trend.
Buy
10 EMA >40EMA>150EMA
Trend Filter green bar
Avesome green Bar.
Sell
10 EMA <40EMA<150EMA
Trend Filter red bar
Avesome green Bar.
Info indicator: optional.
Re-emtry when the price come back on the 40 EMA with the same conditions.
Exit Position
Profit Target ratio 1:1, 1:2 stop loss.
Initial stop loss 8 pips above/below 150 ema.
In the pictures Trend Awesome System in action.
Share your opinion, can help everyone to understand the forex strategy
STC Trading
Write a comment
Billy (Monday, 03 December 2018 21:47)
Nice, straightforward strategy. But...in the first buy trade above...the 40 ema in not above the 150 ema. That happens 7 bars later. Just for those who are watching.
Denis Kiyingi (Sunday, 10 January 2021 08:54)
I think its price which should be above all the MAs