Elliott Wave Oscillator + Juice + MA trend strategy
Elliott Wave Oscillator + Juice + MA trading strategy belongs to trend strategies and gives signals for entry based on the readings of a set of indicators. Stop Loss, Take Profit and Trailing Stop settings are given for the EUR/USD pair, if you choose another currency pair, the parameters should be selected individually.
Input parameters
- Currency pair: any, recommended EUR/USD
- Time frame: M30
- Trading hours: 24 hours a day
- Type of strategy: trending, indicator
Used indicators
- exponential moving average EMA (200), apply to close, color blue.
- Exponential moving average EMA (50), apply to close, color red.
- Elliott Wave Oscillator.
- Juice indicator with a level of 0.0004.
Conditions for entering a long position
- The price is above 2 moving averages EMA (200) and EMA (50), while the trend is upward, as indicated by the bullish crossing of the muwings (red above blue)
- The Elliott Wave Oscillator crossed its zero line and closed above it.
- The Juice indicator is above its 0.0004 level.
- Take Profit is set at 100 pips from market entry.
- Stop Loss — 20 пунктов, трейлинг-стоп так же 20 пунктов.
Conditions for entering a short position
- The price is below the 2 moving averages EMA (200) and EMA (50), and the trend is downward, as indicated by the bearish crossing of the muwings (red below blue)
- The Elliott Wave Oscillator crossed its zero line and closed below it.
- The Juice indicator is above its 0.0004 level.
- Take profit is also set at the value of 100 pips from the market entry.
- Стоп-лосс, соответственно — 20 пунктов, trailing stop — 20 пунктов.
ForTrader.org experts believe that the Elliott Wave Oscillator + Juice + MA strategy can be used on its own, but optimizing it by introducing new indicators and filters can increase its effectiveness.
Download Elliott Wave Oscillator + Juice + MA indicators and strategy template