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In this video tutorial, we will combine Accelerator Oscillator and Moving Averages Indicator.
First we will set up this strategy by having a 200 day moving average line.
This line will tell us more of the trend.
If the price is above this line, then it’s uptrend.
If the price is below this line, then it’s a downtrend.
That’s the general rule of thumb.
So let’s set the conditions for trading…
Firstly, we are looking for crossover.
We want to see the price penetrating the 200 day moving average line.
When the price penetrates upwards the 200 day moving average line, we then look at the Accelerator Oscillator.
The Accelerator Oscillator has to be green in color and above the Zero line.
The price has to open and close above the 200 day moving average.
Next we have to identify the support line.
We want the price to be closing above any support line.
Never enter into a long position if the price is just below resistance.
If can also use 50 day moving average for shorter term trade.
The same rules apply if you are getting into a short position.
The price has to be penetrating below the moving average.
The Accelerator Oscillator has to be below the Zero line and red in color.
And the price has to open and close below the moving average line.
If these criteria are fulfilled, then this is a sell signal.
Before implementing any strategies, it’s wise to practice and horn your skills using a demo account.
Practice does not required any risk.
Hence, no real money should be risk until you understand and become familiar with this new strategy.
New traders might get excited and want to enter the market straight away… but I am sure you are not.
Trading is a serious and long term business.
The market will always be there and there is no need to rush into things.
So… enjoy the Accelerator Oscillator and Moving Averages Indicator strategy and practice well.
We will see you on the next video…
Oh… do leave a comment below and let us know how this strategy is working for you.
We love to see your feedback and comments.
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