Accelerator Oscillator and Envelopes Indicator
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In this video tutorial, we will combine Accelerator Oscillator and Envelopes Indicator and this strategy is really made for traders who have plenty of patience.
It does not generate a lot trades but it does provide a high win/loss ratio.
Not a whole lot of trades but high success rate… well this one is worth a try as one of your portfolio strategy.
For a sell signal to be generated, the Accelerator Oscillator will have to be below the zero line as shown in the video.
And for confirmation, the candle stick bar needs to be red and moving inside the blue envelope line.
This of course is a simplistic way of looking at this.
However, take note of the rule of never selling at support or buying at resistance regardless of what the indicators tell you.
Likewise for the buy signal to be generated, we want to see that histogram is moving above the Zero line.
And then we look for the candle stick to be green in color and moving into the lower envelopes.
That’s a buy signal generated.
Next is to watch out for the resistance level.
If resistance is relatively far away, then this is the confirmation of a buy signal.
For the take profit target, you can set it at the top envelope band.
This is a simple strategy and a highly effective one.
But there will only be a few trades available in a week.
So if you are a patient trader, then this is an awesome strategy which I highly recommend you on practicing and making it one of the strategies in your trading journey.
Then again, I feel all traders should have patience and have emotional control.
Before starting to use this strategy on live account, as always, you should be using it on your demo account.
It’s all about testing and getting it profitable before using real money.
This has always been my suggestion and always my guidance.
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