200 EMA (exponential moving average) is very powerful tools to identify market trend. This profitable strategy is developed with this 200 ema along with awesome oscillator. This is high profitable trendy market strategy so that traders can gain huge pips from this strategy. This strategy is also simple to follow.
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1) Awesome Oscillator. click here to know, how to set Awesome Oscilltor
2) 200 EMA. click here to know, how to set Stochastic indicator
You may download the full template for this trading strategy from the following link: Download Here
How to setup a Template:
Copy the Template >Open your mt4 terminal > Click files > Click "open data folder"> Click Templates> Paste the Template
How to get buy signal
First price needs to stay above 200 EMA. Awesome oscillator needs to turn green bar or above 0.0 level. For confirmation, it requires to form bullish candle. Thus it confirms buy signal according to this strategy.
Check the chart example of below picture. There are lots of buy setup which can give you good idea when you need to take buy entry. Check on every setup, there was bullish candle and green bar was appeared also which gave buy signal. Every signals would give 80-140 pips from buy setup.
How to get Sell signal
First price needs to stay below 200 EMA. Awesome oscillator needs to turn red bar or below the 0.0 level. For confirmation, it requires to form bearish candle. Thus it confirms sell signal according to this strategy.
Check the chart example of below picture, on first sell setup, market price touched 200 ema and formed bearish candle. At the same time, awesome oscillator turned red bar. So it was good sell signal. Traders would get 200 pips from this sell setup
On the second sell setup, candle crossed 200 EMA. Awesome oscillator was below 0.0 level. So this is another sell signal. Traders was able to get at least 150 pips from this setup.
Preferred Time frame: H4 is preferable. M30 and H1 for scalping.
Currency pairs: All pairs.
Take profit and Stop loss:Take profit should be based on time frame. Minimum take profit 30 pips, you can target 100-200 pips profit.
Stop loss need to be placed above swing high for sell signal and below swing low for buy signal.
Risk warning: This highly profitable strategy is suitable for trendy market. So you need to avoid this strategy on ranging market. You have to follow money management theory for following this trendy strategy. Before using this strategy, you need to practice this on demo account.