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.
Elliott Wave Oscillator + Juice + MA trading strategy
Elliott Wave Oscillator + Juice + MA trading strategy

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

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