Oracle Momentum Cross Forex Trading Strategy | Forex MT4 Indicators

Oracle Momentum Cross Forex Trading Strategy | Forex MT4 Indicators

Oracle Momentum Cross Forex Trading Strategy

Crossover strategies are all over the place when it comes to trading. It is one of the most commonly used and abused strategy. Many have profited from it and many have lost money using it.

Although crossover strategies seem to be out of place on ranging markets that whipsaw moving averages, it is still very effective in catching big trending moves from start to finish. These are the moneymaker trades of crossover strategies.

The most common indicator of crossover strategies are the moving averages. Of course, who would you trade a moving average crossover strategy without a moving average around.

The Oracle Momentum Indicator

Although traditionally, moving averages are the only indicators used for crossover strategies, there are other custom indicators that could be used to trade just the way you would use moving averages on crossover strategies. One of these is the Oracle Momentum Indicator.

The Oracle Momentum indicator is an indicator composed of two lines that could crossover each other. Given this characteristic, the indicator would be perfect to use for a crossover strategy. In fact, signals are generated as these lines crossover each other.

The strength of the Oracle Momentum indicator is that it is intended to identify momentum, a primary ingredient for trends to shift. Given this, signals generated by this indicator have higher probabilities of starting a trend.

The HMA Dots Indicator

The HMA Dots indicator is basically computed the way a regular Hull Moving Average indicator is computed. The only difference is that instead of plotting lines, dots are being plotted.

Since this indicator is the same as the regular Hull Moving Average indicator, it is best to use this the way the original Hull Moving Average is intended to be used. Instead of having crossovers, signals are generated as the indicator shifts directions. Since the HMA dots change color as the direction changes, deciphering the indicator’s direction is made easier on the eye.

Trade Strategy Concept

These two indicators, although not a standard moving average indicator, are excellent to used in tandem as a crossover strategy.

This strategy is very simple. What we will be looking for is a confluence of signals between the Oracle Momentum indicator and the HMA Dots indicator. We enter trades whenever the two indicators point towards the same direction and exit when they point the other way.

Timeframe: 1-hour chart

Currency Pair: any major currency pair or cross currency pair

Session: any session

Long Trade Setup

Entry

  • HMA Dot: a gold dot appears below the candle indicating a bullish signal
  • Oracle Momentum: the blue line crosses above the red line indicating a bullish signal
  • Enter a buy market order on the confluence of both signals

Stop Loss

  • Set the stop loss at the swing low below the entry candle

Exit

  • Exit the trade on either of the two scenarios
    • HMA Dot: a brown dot appears indicating a bearish signal
    • Oracle Momentum: the blue line crosses below the red line indicating a bearish signal

Oracle Momentum Cross Forex Trading Strategy | Forex MT4 Indicators

Oracle Momentum Cross Forex Trading Strategy | Forex MT4 Indicators

Short Trade Setup

Entry

  • HMA Dot: a brown dot appears above the candle indicating a bearish signal
  • Oracle Momentum: the blue line crosses below the red line indicating a bearish signal
  • Enter a sell market order on the confluence of both signals

Stop Loss

  • Set the stop loss at the swing high above the entry candle

Exit

  • Exit the trade on either of the two scenarios
    • HMA Dot: a gold dot appears indicating a bullish signal
    • Oracle Momentum: the blue line crosses above the red line indicating a bullish signal

Oracle Momentum Cross Forex Trading Strategy | Forex MT4 Indicators

Oracle Momentum Cross Forex Trading Strategy | Forex MT4 Indicators

Conclusion

This crossover strategy using a combination of both custom indicators is a high probability crossover strategy.

Although most crossover strategies have a tendency to create signals where there is no momentum to shift the trend, because this strategy uses the Momentum Oracle indicator, these scenarios are lessened.

Also, other crossover strategies tend to cause late entries and exits. This makes other crossover strategies susceptible to losses on whipsaw markets. However, these indicators are less lagging and tend to hug price a little tighter. This allows for an earlier entry and exit, which in turn allows for higher profits on a winning trade and smaller losses on losing trades.


Forex Trading Systems Installation Instructions

Oracle Momentum Cross Forex Trading Strategy is a combination of Metatrader 4 (MT4) indicator(s) and template.

The essence of this forex system is to transform the accumulated history data and trading signals.

Oracle Momentum Cross Forex Trading Strategy provides an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.

Based on this information, traders can assume further price movement and adjust this system accordingly.

Forex Metatrader 4 Trading Platform

  • Free $30 To Start Trading Instantly
  • No Deposit Required
  • Automatically Credited To Your Account
  • No Hidden Terms

How to install Oracle Momentum Cross Forex Trading Strategy?

 

  • Download Oracle Momentum Cross Forex Trading Strategy.zip
  • Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
  • Copy tpl file (Template) to your Metatrader Directory / templates /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your forex system
  • Right click on your trading chart and hover on “Template”
  • Move right to select Oracle Momentum Cross Forex Trading Strategy
  • You will see Oracle Momentum Cross Forex Trading Strategy is available on your Chart

Click here below to download:

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