Chasing the trend is a trend strategy based on Haiken Ashi candles, RSI and Awesome Oscillator.
Up Trade: Open an Up trade when the Heiken Ashi candles show a clear uptrend, the RSI crosses the 50% level from the bottom up, and the nearest Awesome Oscillator bar is green. Place the Stop Loss slightly below the closest local minimum. Close the trade when the Awesome Oscillator changes color to red.
Down Trade: Open a Down trade when Heiken Ashi candles show a clear downtrend, the RSI crosses the 50% level from top to bottom, and the nearest Awesome Oscillator bar is red. Place the Stop Loss slightly above the closest local maximum. Close the trade when the Awesome Oscillator changes color to green.
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