Oracle Momentum Cross Forex Trading Strategy applies a very simple approach to identify the market trend and confirm the trade signals based on the trend directions. Besides, it is also able to generate the trade exit signals of any open position at the market. Since it has been launched, its simplicity of use has attracted many traders especially, the newbie participants of the market.
Oracle Momentum Cross Forex Trading Strategy can be applied to trade all kinds of forex currency pairs around the market. Furthermore, this strategy fits well with all sorts of timeframe charts within the forex MT4 trading platform.
HMA36: This indicator appears as dotted lines and works as a trend identifier. Price closes above the HMA36 level represent the bullish trend of the market. For a bearish trend confirmation, the price must be closing below the indicator level.
Oracle Move: You’ll red see two kinds of Oracle Move at the chart. One is blue and another one is red. Blue Oracle moves above the red one represents the bullish crossover of the market trend. On the other hand, the red Oracle moves above the blue one have identified as the bearish crossover the market trend.
Oracle Momentum Cross: Trading Rules
Buy Entry
Price closes as a bullish bar above the HMA36
Oracle Move plots the bullish crossover trend signal
Buy triggers when both of the above conditions are met at the same time
Set stop loss below the HMA36 level
Exit long/take profit whenever price closes as a bearish bar below the HMA36 level
Sell Entry
Price closes as a bearish bar below the HMA36
Oracle Move plots the bearish crossover trend signal
Sell triggers when both of the above conditions are met at the same time
Set stop loss above the HMA36 level
Exit short/take profit whenever the price closes as a bullish bar above the HMA36 level
I have been actively trading the financial markets since April 2012. Besides trading with my personal money I am a technical analyst in a mutual fund that has Rs. 1 billion in assets under management. At my leisure, I love attending live music, traveling, and partying with friends.
Risk Warning: Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable. The past performance of a strategy is not the indicative of future performance. Trend Following System will not accept any kind of liability or damage caused by trading the strategies published on this website.
