DislikedI have been been using a simple trading system using the Awesome Oscillator and Accelerator/Decelerator Oscillator for four weeks now and was hoping I could get some help and ideas on making it better and setting SL and TP's.
I use the Awesome Oscillator (AO) and the Accelerator/Decelerator Oscillator (AC) indicators on a 4hr, MetaTrader chart with GBP/USD.
I enter a trade on the close of a 4 hr candle when I have change of color on the AO and two consecutive and same colors on the AC....Ignored
I found the one blair listed to be straight forward but I'm not sure I'm 100% clear on the entry signal. For example, would I enter if the AO changes to green and the AC has 2 previous green histograms even if the green candle on the AO is below the zero line?
Could someone...anyone...please clear that up?