Instruments: the strategy fits all instruments
Timeframe: H4
Indicators:
- Awesome Oscillator;
- MACD (5,7,4).
When to open long positions:
The Awesome indicator crosses the 0 level from the top and MACD histogram is in the positive zone.
When to open short positions:
The Awesome indicator crosses the 0 level from the bottom and MACD histogram is in the negative zone.
Exit points should be placed 50-70 points away from the opening level (Take Profit) and 20 points away from the opening level (Stop-loss).