markomarko
New Member
The main problem when working on the Forex market is not at all related to the search for signals to buy or sell a pair, as many beginners think, but in the wrong identification of the main trend, because one trades against the trend that causes the biggest losses. The Ozymandias indicator was just created to clean the real price action from the random market noise that distorts the whole picture.
Trading strategies based on the Ozymandias indicator
Strategy implies the identification of a trend in the direction of the central line of the constructed channel, in this case the signals will be as follows:- If the Ozymandias indicator is pointing up and colored blue, the trend is up, so we only buy the instrument.
- If the main line is pointing down and assigned a red / tomato color, a bearish trend has formed, which means you can sell the currency pair or asset. There is nothing more to comment here, since channel boundaries are not used with this approach, and more accurate signals are identified using other indicators that are not similar to MA or ATR. However, I will give a little advice - in this case, to build the Ozymandias indicator, it is better to use the "Amplitude" value in the range of 2 to 5, then you can completely abandon auxiliary tools, because it becomes possible to open positions at the very beginning of the trend.
