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Awesome Oscillator Strategy includes 3 ways of trading. Open a sell position when the oscillator is below the zero line forming a peak, and open a buy position when the oscillator is above the zero line forming a gap. Don't know how to use Awesome Oscillator? Read about 3 different technics, that are common among traders - Saucer, Twin Peaks, Zero Line. The Awesome Oscillator plus RSI to catch momentum turns is a great Forex strategy for all traders. Learn how the Awesome Oscillator shows momentum and.


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The visual presentation of results of calculation in the form of the histogram allows controlling not only the behavior of the indicator concerning the line of balance, but also to see in time divergence awesome oscillator strategy with the price.

Awesome Oscillator: optimum indicator of the market force

Control of the Awesome Oscillator parameters Trade indicator signals Completely created closed bar which color does not change anymore is considered a signal.

The color of the key bar for an entrance on a trend shall correspond to the direction of the transaction: Scheme of trade signals The color of the key bar before a turn shall be opposite color, that is, for example, before a bull turn awesome oscillator strategy indicator shall awesome oscillator strategy red — the transaction can already be opened, but such input is considered riskier.

When the Momentum of the market changes, the indicator shall be colored in green color through bars is and there will be a point awesome oscillator strategy the second entrance in the new market.

If the awesome oscillator strategy signal completely corresponds to conditions, but the color of the histogram changed —we do not take such signal in hand! The indicator gives trade signals on several standard patterns.

The signal arises when changing the direction of the indicator with ascending and is created by three or several columns according to the diagram below.

RSI and Awesome Oscillator trading strategy: what are the odds to profit?

StopLoss is slightly higher than a maximum of the first bar in a pattern, signal bar — green. Try It Yourself As you can see, backtesting is quite simple activity in case if you have the right backtesting tools.

awesome oscillator strategy


The awesome oscillator strategy of this strategy was arranged in Forex Tester 3 with the historical data that comes along with the program. In addition, you will receive 17 years of free historical data easily downloadable straight from the software.

How to trade with Awesome Oscillator indicator? Analysis and strategy

However, I know low float movers is a big deal in the day trading community. So, how does the AO indicator handle low float movers? Well like most indicators - not well.


Awesome oscillator strategy Float - False Signals This is one of those charts that would have me pulling my hair out. It's like everything that could go wrong with the indicator did in fact go wrong! First if you shorted the opening spike, similar to our Awesome oscillator strategy John's example, this would have caused you serious pain.

Awesome Oscillator and RSI combo: can you win?

Next, EGY spikes lower giving the impression the stock was going awesome oscillator strategy fill the gap. Wrong again, as EGY only consolidates leaving you with a short position that goes nowhere. Lastly, EGY awesome oscillator strategy the morning high all the while displaying a divergence with the awesome oscillator and the price action.

In every instance the indicator is giving off false signals and leaving you on the wrong side of the trade. Well it's not all the fault of the AO indicator. You as a trader need to be awesome oscillator strategy for the harsh reality of trading low float stocks.


These securities will move erratically, with volume and in a very short period of time.