Stop Loss for Sell Entry: Place stop loss 2-3 pips above the most recent swing high.Įxit or take profit if the following takes to the fore: 1.1, the general sentiment is said to be bearish, as such a sell alert is highly recommended.

If the pale violet red, gold & lime green lines of the taotra custom indicator stay fairly above the candlesticks as seen on Fig.1.1, more bears are said to be taking up orders, therefore it is advised to initiate sell positions without delay. If the steel blue histograms of the advanced-get-oscillator indicator stay below the 0.00 signal level as shown on Fig.Go short if the following setups gets displayed successfully on the activity chart: If the pale violet red lines of the taotra indicator crosses the lime green and gold lines while a bullish trend is ongoing, bulls power is said to be weaning, hence an exit or take profit will suffice.1.0 during a buy signal, it is indicative of a bearish reversal, therefore an exit or take profit is recommended.

If the steel blue histograms of the advanced-get-oscillator indicator realigns to stay below the zero center level as exemplified on Fig.

Stop Loss for Buy Entry: Place stop loss 2-3 pips below the most recent swing low.Įxit or take profit from all trades if the following rules or conditions takes precedence: 1.0, price is said to be driven higher, therefore a trigger to go long on the designated forex pair is appropriate.

If the lime green, gold and pale violet red lines of the taotra custom indicator stay slightly below the candlesticks as shown on Fig.

a trigger to go long on the currency pair of interest. 1.0, price is said to be pushed to the upside i.e.

If the steel blue histograms of the advanced-get-oscillator Metatrader 4 forex indicator gets aligned above the 0.00 signal level as depicted on Fig.

Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Weekĭownload the Simple Forex Oscillator Strategy that WorksĮnter a bullish trade if the following indicator or chart pattern gets put on display: MetaTrader4 Indicators: advanced-get-oscillator.ex4 (default Setting), taotra.ex4 Works for scalping, day trading and swing trading currency pairs. Monitoring open buy & sell trades requires less time with this strategy, making it suitable for newbies and traders who are looking to devote small amount of time to their trading.įeel free to use this strategy on any currency pair and timeframe of your preference. In sustaining the idea that simple is often the best, the Simple Forex Oscillator strategy points us in the direction of two unique technical indicators whose setup rules are overly simplified. One way currency traders can simplify and improve their trading is via a trading plan that combines technical indicators and a few simple setup rules on how those indicators should be deployed. 0 Simple Forex Oscillator Strategy That Works

Simple forex strategy that works