This strategy is designed for traders (like me) that just have a couple of trading hours everyday, it works better in the daily timeframe. You will need the following indicators::
- Exponential Moving Average,10 period, EMA10
- Bill Williams Awesome Oscillator
- Parabolic SAR
Go Long (Short) when the Awesome Oscillator is positive, and the EMA10 and the Parabolic SAR indicators are bellow (above) the price level, don't forget to place the Stop Loss at the minimum of 5% (NEVER RISK MORE THAN 5% OF YOUR TRADING ACCOUNT) Stop Loss or the Parabollic SAR level.
Exit the Trade when the Parabolic SAR and/or the Awesome Oscillator crosess.
If you have a comment please let me know!!!
Happy Trading
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