EzTrades
This video presents a rule-based strategy using the Easy Oscillator, which is a real-time momentum oscillator that can be used on any timeframe. It is a leading indicator that predicts momentum shifts and helps mitigate false buy and sell signals. The strategy involves identifying the environment, looking for overbought or oversold zones, finding TDI shark fins, and waiting for reversal signals on the Easy Algo price at a higher time frame support and a buy signal. It’s important to only take buys if price is at a key support level and only take sells if price is at a key resistance level. The video also mentions the use of EasyAlgo V8, which is not yet available.
A Rule-Based Strategy Using the Easy Oscillator for Smart Money Traders
Introduction
As a trader, it’s always a challenge to figure out the best way to make profitable trades. Many traders rely on conventional wisdom, or trial and error, to develop their trading strategies. However, there are many tools out there that can help you make more informed trades and maximize your returns. One such tool is the Easy Oscillator, a real-time momentum oscillator that can help you identify when to buy or sell a given asset. In this article, we’ll show you how to use the Easy Oscillator to develop a rule-based strategy for profitable trading.
Understanding the Easy Oscillator
The Easy Oscillator is a leading indicator, meaning that it is able to predict changes in momentum before they actually occur. This makes it a valuable tool for traders looking to make informed trades that capitalize on market trends. When using the Easy Oscillator, it’s important to pay attention to the wave trend, the buy and sell dots, and the bullish and bearish divergences.
Mitigating False Signals
The Easy Oscillator is most effective at predicting momentum shifts when it’s at or near the oversold or overbought zone. It’s important to avoid taking buy or sell positions when the oscillator is ranging near the baseline or centerline, as these are low probability trades. By waiting for the most extreme moments of oversold or overbought momentum, traders can increase their chances of success.
The Easy Oscillator Rule-Based Strategy
To help you get the most out of the Easy Oscillator, we’ve developed a set of simple rules that you can follow to make profitable trades:
1. Identify Your Environment
Before you start trading, you need to identify the environment that you’re working in. This means looking at the price on a higher time frame, usually a four-hour or higher, to see whether the market is in a bullish or bearish trend. Once you’ve identified the environment, you should only take buys if price is at a key support level, and only take sells if price is at a key resistance level.
2. Is Price at an Order Block?
If you’re using order blocks in your trading strategy, you’ll want to make sure that the price is currently at an order block before making a trade. However, if you don’t use order blocks, you can skip this step.
3. Is the Oscillator at or Near an Overbought or Oversold Zone?
Next, you’ll want to look at the Easy Oscillator to see whether it’s at or near the overbought or oversold zone. If you’re longing, you’ll want to wait until the oscillator is around the oversold zone, and if you’re taking a short, you’ll want to wait until it’s at the overbought zone.
4. Identify a TDI Shark Fin
The TDI Shark Fin is a free trading view indicator that can help you identify when the market is overbought or oversold. Make sure to adjust the settings on the indicator to match your chart, and use it in conjunction with the Easy Oscillator.
Conclusion
By following these simple rules, you can develop a profitable trading strategy using the Easy Oscillator. Remember to pay close attention to the market environment, the oscillator’s position in the overbought and oversold zones, and use complementary tools like the TDI Shark Fin to increase your chances of making successful trades. Happy trading!
