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116# The Awesome Trading System

Awesome oscillator system

 

Submit by Timmy 12/03/2014

 

The Awesome Trading System is designed to use the power of the
Awesome Oscillator by Bill William. It combined with other two customized indicators and generated very high accuracy entry signal. It performed well on long timeframe such as 4H
and daily.

 

Three indicators combination and their purposes are:

1. The Awesome Oscillator determines the general direction of a
trending market with great

accuracy.

2. Trend Strength determines the strength of the current trend, as well as a
confirmation on

direction.

3. Trend Momentum helps determine when a trend has truly changed
directions.

 

These 3 indicators working together provide a very reliable entry
signal.

 

Long Entry Rule

1. The Awesome Oscillator is Blue.

2. The Trend Momentum is Blue.

3. The Trend Strength is Blue and above the 16 level.

 

Short Entry Rule

1. The Awesome Oscillator is Red.

2. The Trend Momentum is Red.

3. The Trend Strength is Red and above the 16 level.

 

Exit Strategy

Allow the trade to run until 2 indicators are showing a reverse
signal.

Stop loss

Use stop loss around 50-100 pips and do not risk more that 10% of your available
balance

Trade Example

Short Position

AUD/USD (4H time frame)

In this example, when

– The Awesome Oscillator is Red.

– The Trend Momentum is Red.

– The Trend Strength is Red and above the 16 level.

We entered short position at 0.6735. Here we used stop loss at 50 pips above the
entry

point.

The trade went well in our favor direction, when two indicators showed reversal
signal

– The Trend Momentum is Blue.

– The Trend Strength is Blue.

We exit out short position and took profit at 0.6535 (200
pips)

the Awesome Trading system

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