Elliott Wave Oscillator + Juice + MA Trading System

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Elliott-Wave-Oscillator

Elliott Wave Oscillator + Juice + MA Trading System description

Forex Strategy Elliott Wave Oscillator + Juice + MA is simple and suitable for all currency pairs and all timeframes.
The stop-loss and take-profit given in this article were chosen for the currency pair EUR / USD and for the 30-minute (M30) time frame. If you want to use it for trading on other pairs and other time-frames, then the stop-loss and take-profit will need to pick up the others.

Elliott Wave Oscillator + Juice + MA Trading System download


To begin set at EUR / USD chart following forex indicators:

“Moving average” EMA (200):
period = 200
Method: Exponential,
apply to: Close,
the color blue,
“Moving average” EMA (50):
period = 50
Method: Exponential,
apply to: Close,
color red;
Oscillator Elliott Wave Oscillator;
indicator Juice, with standard parameters, which should be set at the level of 0.0004.

Rules for transactions for the purchase:
When all the above conditions, opening the deal after the close of the signal bar and set the following parameters for the open order:
stop-loss set at 20 points;
Take Profit exhibit 100 points;
trailing stop set at 20 points.

Rules for transactions on sale:
EMA (50) below the EMA (200) and at the same time the price is below 2 “moving average”;
histogram display Elliott Wave Oscillator crossed its zero level from top to bottom, and the last column of the histogram closed below;
last column of the histogram indicator Juice closed above its level of 0.0004.
When all the above conditions, opening the deal after the close of the signal bar and set the following parameters for the open order:
stop-loss set at 20 points;
Take Profit exhibit 100 points;
trailing stop set at 20 points.
For both types of transactions, a trailing stop is not a mandatory parameter, but after the passage of prices in the lucrative side of about 20 points, put the stop loss to breakeven a must.

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