How to open an FBS account?
Click the ‘Open account’ button on our website and proceed to the Personal Area. Before you can start trading, pass a profile verification. Confirm your email and phone number, get your ID verified. This procedure guarantees the safety of your funds and identity. Once you are done with all the checks, go to the preferred trading platform, and start trading.
How to start trading?
If you are 18+ years old, you can join FBS and begin your FX journey. To trade, you need a brokerage account and sufficient knowledge on how assets behave in the financial markets. Start with studying the basics with our free educational materials and creating an FBS account. You may want to test the environment with virtual money with a Demo account. Once you are ready, enter the real market and trade to succeed.
How to withdraw the money you earned with FBS?
The procedure is very straightforward. Go to the Withdrawal page on the website or the Finances section of the FBS Personal Area and access Withdrawal. You can get the earned money via the same payment system that you used for depositing. In case you funded the account via various methods, withdraw your profit via the same methods in the ratio according to the deposited sums.
An indicator that is called “Awesome Oscillator” can’t disappoint traders. Learn how to use this tool correctly!
Awesome Oscillator in MetaTrader
The main task of the Awesome Oscillator is to measure the dynamics of momentum. To be precise, it compares momentum for the last 5 candlesticks with the momentum of the last 34 candlesticks at a bigger timeframe. The value of the Awesome Oscillator indicator is calculated as the difference between moving averages over these timeframes. The Simple Moving Averages that are used are not calculated using closing price but using midpoints of each candlestick.
As the parameters of the indicator are specific, you don’t need to fill in any settings, you can only adjust its color scheme.
How to trade using Awesome Oscillator
The Awesome Oscillator provides several types of signals by helping to predict reversals and corrections of the price.
First of all, the indicator fluctuates around the zero line. If it rises above 0, the signal is bullish. If AO drops below 0, the signal is bearish.
Secondly, if Awesome Oscillator has formed two highs above 0 and the trough between them is also above 0, it’s a bearish signal. The second peak must be lower (closer to 0) than the first one and should be followed by a red bearish bar. Same way, if Awesome Oscillator has formed two lows below 0 and the trough between them is also below 0, it’s a bullish signal. The second peak must be higher (closer to 0) than the first one and should be followed by a green bullish bar.
The third signal is called a “saucer”. It’s a pattern made of the indicator’s 3 bars. A bullish saucer consists of a red bar, followed by a smaller red bar, followed by a green bar. All the bars should be above 0. A bearish saucer consists of a green bar, followed by a smaller green bar, followed by a red bar — all of them should be below 0.
The Awesome Oscillator produces a lot of signals. It’s natural that not all of them work. A bullish signal of the indicator means that the price is likely to go up but the probability of that is not 100%. That’s why we recommend using other tools of technical analysis to combine with the Awesome Oscillator and design a good trading system.
2022-12-14 • Updated
Other articles in this section
- Fibonacci fan
- Fibonacci expansion
- How to Use Fibonacci Retracements
- Reversal candlestick patterns
- Continuation candlestick patterns
- How to deal with market noise?
- How to backtest a trading strategy
- Gator Oscillator
- Market Facilitation Index
- Accelerator Oscillator
- Alligator indicator
- Bill Williams theory
- Chart patterns
- Uncovering Gann indicators
- How to create your own trading strategy?
- Candlestick patterns
- Trend trading
- Carry trade
- Swing trading
- Position trading
- Day trading
- Fibonacci tools
- Trader's psychology
- How to identify market reversal
- Japanese Candlesticks