Ultimate Oscillator with Envelopes
Ultimate Oscillator with Envelopes is a trading system that shows a buy and sell signal at the beginning of the trend and traders can take advantage of the entire trend.
Entering once a trend has started can be very difficult for traders. Also trading Breakout without trend confirmation can be a trading strategy not profitable.
This trading system removes the above two difficulties and provides a breakout entry at the beginning of a trend.
Ultimate Oscillator overview with envelopes
Ultimate Oscillator is a banded oscillator value that fluctuates between 0 and 100. It is calculated by combining short, medium and long term momentum, and then this value is plotted in a single panel below the price.
This indicator provides better signals compared to other oscillators that rely on a single timeframe momentum calculation.
When the Ultimate Oscillator value moves above 50, it means that bulls are in control and when the value moves below 50, it means that prices are in a downtrend. Additional levels of 70 and 30 are used in this indicator for confirmed breakout trades.
Setting up a price chart
- Unzipping the file;
- Copy the template to the templates folder;
- Copy the indicators to the MQL4 folder -> indicators;
- Restarting the terminal;
- Open the chart of the desired currency pair;
- Install a template called Ultimate Oscillator.
Ultimate Oscillator: Terms of purchase
- Envelopes breakage.
- The final oscillator should take a break from 70.
- Traders can keep trading until such time as the price remains above the Envelopes.
Ultimate Oscillator: Terms of Sale
- Envelopes breakage.
- The final oscillator should provide a breakdown of 30.
- Traders can keep trading until such time as the price trades below the envelopes.
Before using the Ultimate Oscillator trading strategy with Envelopes on a real deposit, we recommend testing it on a demo account.
FX Bolt Forex System Without MT4 Redesign
FX Bolt is a classic trading system based on a signal indicator, a…
Black Dog Forex MT4 Trading System
The Black Dog system is best known for being a…
1-2-3 MT4 Trading System
The 1-2-3 trading system comes with several trend-following trading indicators…
XARD FX Trading System
The XARD FX System has been developed with a combination of various tracking indicators of…
Sniper Scalp Strategy
The Sniper Scalp trading strategy is a system adapted for scalping. This system is…
Scalping MA Channel with Bollinger Bands
Channel Scalping MA with Bollinger Bands is a trend system filtered by the indicator…