Forex Oma Channel Trading Strategy
Forex Oma Channel Trading Strategy:
Oma Channel Trading System is a momentum strategy filtered by RSI bar indicator.
This strategy is very simple, clear and easy for apply. Beginners friendly.
This strategy based on Oma Channel generates signals filtered very accurate.
Time Frame 30 min or higher, best time frame 4H and daily.
Currency pairs: EUR/USD, GBPJPY, EUR/NZD, GBP/USD, AUD/USD,
USD/CAD, NZD/USD.
Metatrader Indicators:
Oma speed 8.0, High/Low period 30,
PA Dynamic Cycle setting:
PA Cicle 1 3.0,
PA filer 1.0,
PA Cycles 2.0,
Pa Filter 2.0,
Period diviso 2.0,
Filter (RSI period 7).
Trading rules Oma Channel Trading System
Buy
Buy arrow of Oma channel.
RSI Filter blue bar.
Place initial stop loss on the previous low swing.
Sell
Sell arrow of Oma channel.
RSI Filter red bar.
Place initial stop loss on the previous high swing.
Take profit position is discretionary because this trading system is suitable at more solutions.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Oma Channel Trading Strategy?
- Download Forex Oma Channel Trading Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Oma Channel Trading Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
