65#Oracle Trading System

Submit by Janus Trader

Time Frame: 4H.

Pairs: all.

Metatrader Indicators:

1. Oracle Move

2. Oracle Strength

3. Oracle Direction

4. ATR(21).

BUY Rules

Open a LONG position when all these conditions are satisfied:

‐ The Blue Line cuts above the Red Line of the Oracle Move Indicator.

‐ Oracle Strength Indicator is BLUE.

‐ Oracle Direction shows both UP arrows (BLUE color).

SELL Rules

Open a SHORT position when all these conditions are satisfied:

‐ The Blue Line cuts below the Red Line of the Oracle Move Indicator.

‐ Oracle Strength Indicator is RED.

‐ Oracle Direction shows both DOWN arrows (RED color).

STOP LOSS

The stoploss value will be derived from the ATR(21) indicator.

Stoploss = 0.85 x ATR.

EXIT

There are two ways to exit your trade

‐ Use take profit level equals or 2 times of stoploss level.

‐ Exit when there are at 3 (three) indicators showing a reversal signal.

TRADE EXAMPLE

SELL GBP/USD on 4H Timeframe

As we can see from the screenshot above:

The Oracle Move indicator BLUE line cut below the RED line and at the same

time, Oracle Strength and Oracle Direction indicator all show a DOWN signal.

We had all the setup conditions for a SHORT entry.

So on the next candle, we entered a SHORT position (at 1.461).

Stop Loss

The value of ATR 21 at that time was 0.0099.

Our stoploss would be 99 * 0.85 ~ 84 pips above the entry point.

So the stoploss was set at 1.4845.

Take Profit

We used the 1:2 risk to reward ratio.

Our take profit will be 2 x stoploss = 168 pips below the entry point.

So the Take profit was set at 1.4593.

Result

The trade went down strongly in our favor direction and hit the profit target.

The trade was closed with 168 pips profit.

BUY USD/CHF on 4H

Timeframe

As we can see from the screenshot above:

The Oracle Move indicator BLUE line cut above the RED line and at the same

time, Oracle Strength and Oracle Direction indicator all show an UP signal.

We had all the setup conditions for a LONG entry.

So on the next candle, we entered a LONG position (at 1.0839).

Stop Loss

The value of ATR 21 at that time was 0.0065.

Our stop‐loss would be 65 * 0.85 ~ 55 pips below the entry point.

So the stop‐loss was set at 1.0784.

Take Profit

We used the 1:2 risk to reward ratio.

Our take profit will be 2 x stoploss = 110 pips above the entry point.

So the take profit was set at 1.0949.

Result

The trade went down strongly in our favor direction and hit the profit target.

The trade was closed with 110 pips profit.

Write a comment

Comments: 10

#1
Nick (Tuesday, 14 January 2014 20:55)

Any one have any Success with this?
#2
anurag (Friday, 26 June 2015 10:07)

need to make alert system when match all indicator
#3
Vijay (Sunday, 15 November 2015 07:48)

Yeah, alert suld be good when all the trading parameters are met with the Arrow pointer on the chart. Provided the system is profitable.
#4
Ali (Sunday, 07 August 2016 11:42)

Wonder full system
Thanks
#5
wael (Friday, 10 February 2017 06:01)

good nice
#6
osama (Tuesday, 21 March 2017 08:13)

hello
where is the ATR indicator?
#7
Singh (Friday, 12 May 2017 09:28)

Does anyone how how i can create an EA based on this without the source code?
#8
samisami (Saturday, 17 March 2018 00:09)

THANKS
#9
dele oni (Friday, 31 August 2018 02:02)

good
#10
JBM (Thursday, 23 July 2020 18:37)

Had some success (2 to 5 daily ) using this on the H1 timeframe for 2 weeks.

I used 1:1 profit ratio based on 1.5 x ATR value on all pair combinations from AUD, NZD, CAD, JPY, USD, GBP, CAD.

Not perfect but looks to be useful.