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GBPJPY Awesome Oscillator Reversal Breakout Strategy

Required membership: Free (Activate the plan here)

Type: Breakout

TimeFrame: H1

Please register to download the strategy

Profit factor 1.45

Instrument: Forex

Supported platforms: MetaTrader 4, MetaTrader 5, StrategyQuant

Strategy description

The GBPJPY Awesome Oscillator Reversal Breakout Strategy is a structured rule-based system designed for the GBPJPY H1 market. It combines a momentum reversal signal from the Awesome Oscillator with a delayed breakout-style STOP entry, allowing the strategy to participate only when price confirms movement beyond a recent range.

The strategy uses an Awesome Oscillator zero-line cross as its initial directional trigger. However, it does not enter immediately at market. Instead, it places a pending STOP order outside the recent price structure using the highest or lowest close over the last 14 bars, expanded by a volatility buffer based on the recent bar range. This creates a hybrid reversal-breakout logic where momentum shift and price confirmation must align before a trade is activated.

For long setups, the strategy reacts to a downward zero-line cross on the Awesome Oscillator and places a Buy Stop above the recent highest close plus a multiple of recent bar range. For short setups, it reacts to an upward zero-line cross and places a Sell Stop below the recent lowest close minus the same type of range-based buffer. Pending orders remain valid for 21 bars, duplicate trades are disabled, and pending order replacement is not allowed.

Risk management is volatility-adjusted through an ATR-based stop-loss, set to 3.3 × ATR(22), while the profit target is fixed at 280 pips. In addition, the strategy closes open positions on Friday at 21:00 to reduce weekend exposure.

  • Market: GBPJPY
  • Timeframe: H1
  • Entry logic: Awesome Oscillator zero-cross + Highest/Lowest breakout STOP entry
  • Price structure filter: Highest/Lowest close over 14 bars
  • Volatility buffer: 1.9 × Bar Range
  • Order type: Pending STOP orders
  • Stop-loss: 3.3 × ATR(22)
  • Profit target: 280 pips
  • Order validity: 21 bars
  • Friday exit: 21:00

Overall, this strategy is built for traders who prefer a hybrid reversal-breakout approach that combines momentum shift detection, price confirmation beyond recent structure, and volatility-based risk control.

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Risk Disclosure:
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

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Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

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