Combining Awesome Oscillator & EMA8

Combining Awesome Oscillator & EMA8

Hi all,

Trying to discover a good forex strategy (which is very difficult !), I found this strategy on the net.

The author claimed that is was very effective.

After a quick backtest, I find that it is effective on EUR/USD, H4, only for “long” positions. But elseway it’s not very profitable.

As the code is very simple, I think there is much way to improve it.

We go “long” when close crosses over EMA8, and the Awesome Oscillator changes direction.

Regards,

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awesome oscillator ema EUR/USD forex
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06/27/2016

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