The 3D Oscillator forex trading strategy is a strategy that is designed to edge you to success in your trading career.
At the end of the day, the difference between a winning trader and a losing trader is each person’s ability to take hold of the boundless opportunities that the market freely offers.
Chart Setup
MetaTrader4 Indicators: 3D Oscillator.ex4 (Input Variable modified; D1RSIPer=39, D2StochPer=32, D3tunnelPer=40, hot=0.8, sigsmooth=12. Colors Width modified; #0=2, #1=2, #2=2, #3=3), advanced bollinger band mt4.ex4 (Color Width modified; #0=1, #1=2, #2=1, #3=2, #4=1, #5=2)
Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute, 30-Minute, 1-Hour, 4-Hour, Day
Recommended Trading Sessions: Any
Currency Pairs: Any pair
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Buy Trade Example
Fig. 1.0
Strategy
Long Entry Rules
Enter a buy order if the following indicator or chart pattern gets displayed:
- If price opens and closes above the middle line of the advanced bollinger band mt4 custom indicator and hovers somewhat around the top upper band of the indicator, the sentiment in the market is said to be bullish i.e. a buy signal.
- If the dark Slate Blue line of the 3D oscillator indicator crosses magenta line bottom up and a Green Yellow dot forms below the intersection point, it is signaling a jump in bullish momentum, hence a trigger to buy the currency of focus.
Stop Loss for Buy Entry: Place stop loss 1 pip below trading support.
Exit Strategy/Take Profit for Buy Entry
Exit or take profit if the following rules or conditions holds sway:
- If price closes below the middle line of the advanced bollinger band mt4 custom indicator during a bullish signal, it points to weaning bulls pressure i.e. an exit or take profit is highly recommended.
- If the dark Slate Blue line of the 3D oscillator indicator crosses magenta line top downward and a red dot forms above the intersection point, it is signaling a halt in bullish momentum, as such an exit or take profit is advised.
Sell Entry Rules
Enter a sell in the market if the following holds sway:
- If price opens and closes below the middle line of the advanced bollinger band mt4 custom indicator and hovers somewhat around the lower bottom band of the indicator, the sentiment in the market is said to be bearish i.e. a sell signal.
- If the dark Slate Blue line of the 3D oscillator indicator crosses magenta line top downward and a red dot forms above the intersection point, it is signaling downward price pressures, hence a trigger to sell the currency of focus.
Stop Loss for Sell Entry: Place stop loss 1 pip above trading resistance.
Exit Strategy/Take Profit for Sell Entry
Exit or take profit if the following chart or indicator pattern gets displayed:
- If price closes above the middle line of the advanced bollinger band mt4 custom indicator during a bearish market, it points to halting bears pressure hence a trigger to exit or take profit at once.
- If the dark Slate Blue line of the 3D oscillator indicator crosses magenta line bottom up and a green yellow dot forms below the intersection point, it is signaling a reversal in trend i.e. an exit or take profit will suffice.
Sell Trade Example
Fig. 1.1
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About The Trading Indicators
The advanced bollinger band mt4.ex4 custom indicator plots buy and sell zones on the price chart.
The buy zone appears above the middle band, while the sell zone is below the middle band.
The 3D Oscillator custom indicator is built on the CCI and the RSI, and it is used to gauge trend and current momentum in the market.