Synthetic Bands Oscillator Forex Trading Strategy

The Synthetic Bands Oscillator forex trading strategy follows the trend and gives you great trading signals on any currency pair and timeframe.

A Bill William’s indicator (Awesome Oscillator) is one of the indicators that makes up this system, owing to its ability to measure price momentum.

Chart Setup

MetaTrader4 Indicators: Detrended_Synthetic_Price_dbarsf.ex4 (Inputs Variable Modified; Change color on: Change color on zero cross), Doda-BBands.ex4 (Inputs Variable Modified; Nbars=1000000), Awesome Oscillator.ex4 (Default Setting)

Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute, 30-Minute, 1-Hour, 4-Hour, 1-Day

Recommended Trading Sessions: Any

Currency Pairs: Any pair

Download

Download the Synthetic Bands Oscillator Forex Trading Strategy

Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Enter a buy order if the following indicator or chart pattern gets put on display:

  1. If the green bars of the Detrended_Synthetic_Price_dbarsf.ex4 custom indicator gets put on display on the activity chart as seen on Fig. 1.0, a buy trigger is said to be looming.
  2. If the blue dotted line of the Doda-BBands.ex4 custom indicator gets aligned below price bars as shown on Fig. 1.0, price is said to be driven higher i.e. a trigger to buy the stipulated currency pair.
  3. If the green and red histograms of the Awesome Oscillator MT4 indicator break above the 0.00 level as depicted on Fig. 1.0, a buy signal is said to be imminent.

Stop Loss for Buy Entry: Place stop loss below support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit if the following rules or conditions takes precedence:

  1. If while a buy signal is running, the Detrended_Synthetic_Price_dbarsf.ex4 custom indicator turns red, an exit or take profit is recommend.
  2. If the Doda-BBands.ex4 custom indicator readjust to form a red dotted line above the candlesticks as illustrated on Fig. 1.0, an exit or take profit is advised.
  3. If the histogram of the Awesome Oscillator forms below the 0.00 level during a bullish trend, it is an indication of weaning bull power, hence an exit or take profit will suffice.

Sell Entry Rules

Enter a sell order if the following holds true:

  1. If the red bars of the Detrended_Synthetic_Price_dbarsf.ex4 custom indicator gets put on display on the activity chart as seen on Fig. 1.1, a sell trigger is said to be on the horizon.
  2. If the red dotted line of the Doda-BBands.ex4 custom indicator gets aligned above price bars as seen on Fig. 1.1, price is said to be pushed lower i.e. a trigger to sell the designated forex pair.
  3. If the green and red histograms of the Awesome Oscillator MT4 indicator break below the 0.00 level as illustrated on Fig. 1.1, a sell signal is said to be in the offing.

Stop Loss for Sell Entry: Place stop loss above resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following takes center stage:

  1. If while a sell alert is ongoing, the Detrended_Synthetic_Price_dbarsf.ex4 custom indicator turns green, an exit or take profit is advised.
  2. If the Doda-BBands.ex4 custom indicator readjust to form a blue dotted line below the candlesticks, an exit or take profit will do.
  3. If the histogram of the Awesome Oscillator forms above the 0.00 level during a bearish trend (refer to Fig. 1.1), it is an indication of weaning bear power, hence an exit or take profit will meet our requirements.

Sell Trade Example

Fig. 1.1

Free Download

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About The Trading Indicators

The Awesome Oscillator “AO” is an indicator used to gauge market momentum.

AO computes the difference of a 34 Period and 5 Period Simple Moving Average.

AO is normally deployed to confirm trends or to anticipate likely reversals.

The Doda-BBands.ex4 indicator is the modified version of Bollinger band and generates buy and sell signals based on this premise.

The Detrended_Synthetic_Price_dbarsf.ex4 custom indicator gauges the trend for a wide range of currency pairs.

It changes the color of the candlesticks to green (bullish trend) and red (bearish trend).

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Combines Price Action And Market Volatility To Help You Identify Profitable Entries And Exits Quickly and Accurately.



  • Up To 100 Pips Per Trade With Low Risk
  • Includes Entry, Stop-Loss And Take Profit Rules
  • Learn And Trade This Strategy In only 10 Minutes