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Oracle Cross Forex Trading Strategy applies a very simple approach to identify the market trend and confirm the trade signals based on the trend directions. Besides, it is also able to generate the trade exit signals of any open position at the market. Since it has been launched, its simplicity of use has attracted many traders especially, the newbie participants of the market.
Oracle Cross Forex Trading Strategy can be applied to trade all kinds of forex currency pairs around the market. Furthermore, this strategy fits well with all sorts of timeframe charts within the forex MT4 trading platform.
After the installation of the strategy at the MT4 terminal, your chart will appear like the image below.
- This indicator appears as lines and works as a trend identifier. Price closes above the level represent the bullish trend of the market. For a bearish trend confirmation, the price must be closing below the indicator level.
- You’ll red see two kinds of Oracle Move at the chart. One is blue and another one is red. Blue Oracle moves above the red one representing the bullish crossover of the market trend. On the other hand, the red Oracle moves above the blue one have identified as the bearish crossover of the market trend.
Oracle Momentum Cross: Trading Rules
Buy Entry
- First, cross red into a blue line.
- second, cross the dotted middle line.
- The third is the breakout line on the bottom
- Oracle Move plots the bearish crossover trend signal
- Exit long/take profit whenever the price closes as a bearish bar
Sell Entry
- First, cross blue into a red line.
- second, cross the dotted middle line.
- The third is the breakout line on the bottom.
- Oracle Move plots the bearish crossover trend signal.
- Exit long/take profit whenever the price closes as a bearish bar.
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