Notarius OsMA Forex Trading Strategy

The Notarius OsMA forex trading strategy strives on a simple, yet profitable method, where it scans the currency market for profitable buy and sell setups that maximizes the up/down motion, which characterizes price action.

Learn this strategy and download totally free below:

Chart Setup

MetaTrader4 Indicators: OsMA.ex4 (Fast EMA Period=36, Slow EMA Period=52, Signal SMA Period=27), Notarius.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 (24 hour trading)

Currency Pairs: Any pair

Download

Download the Notarius OsMA Forex Trading Strategy

Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Initiate a buy entry if the following indicator or chart setup gets put on display:

  1. If the lime green upward pointing arrow of the Notarius custom indicator gets placed somewhat below the price bars as seen on Fig. 1.0, the sentiment in the market is said to be bullish i.e. a trigger to buy the currency of interest.
  2. If the silver histogram of the OsMA custom indicator gets aligned above the 0.00 level as depicted on Fig. 1.0, price is said to be pushed to the upside, hence a buy signal is said to be in place.

Stop Loss for Buy Entry: Place stop loss 1 pip below support.

Exit Strategy/Take Profit for Buy Entry

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

  1. If while buy position(s) are open in the market, the red downward pointing arrow of the Notarius custom indicator pops up somewhat above the candlesticks (refer to Fig. 1.0), it is a signal to exit or take profit at once.
  2. If the silver histograms of the OsMA custom indicator realigns to form below the 0.00 level, it is a signal of weaning bulls power in the market, as such an exit or take profit will suffice.

Sell Entry Rules

Enter a sell order if the following holds true:

  1. If the red downward pointing arrow of the Notarius custom indicator gets placed somewhere above the price bars as shown on Fig. 1.1, the sentiment in the market is said to be bearish i.e. a trigger to sell the currency of focus.
  2. If the silver histogram of the OsMA custom indicator breaks and is seen below the 0.00 level as illustrated on Fig. 1.1, price is said to be pushed to the downside, hence a sell signal is said to be in place.

Stop Loss for Sell Entry: Place stop loss 1 pip above resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following takes center stage:

  1. If while sell signal is running in the market, the lime green upward pointing arrow of the Notarius custom indicator pops up somewhat below the candlesticks (refer to Fig. 1.1), it is a vivid exit or take profit signal.
  2. If the silver histograms of the OsMA custom indicator readjust to form above the 0.00 level, it is a signal of weaning bears power in the market, as such an exit or take profit will do.

Sell Trade Example

Fig. 1.1

Free Download

Download Notarius OsMA Forex Trading Strategy

About The Trading Indicators

The OsMA.ex4 custom indicator is built out of the EMA (12), EMA (26) and SMA (9), hence it is a decent trend following tool.

The Notarius.ex4 custom indicator is an experimental trend indicator with alerts on the basis of price averaging.

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