Awesome Oscillator strategyWe want to introduce you to the new Awesome Oscillator strategy. The strategies are often based on a few indicators. To apply a strategy successfully, a trader ought to get familiar with the indicators that are used in a particular strategy. Then, he can decide whether it is a method well suited for him or maybe, he shall search further. So let's talk about one of the strategies that combine two indicators, the SMA and Awesome Oscillator.

How to prepare a chart for trading Awesome Oscillator strategy

The very first thing you have to do is to log into your IQ Option account. Then, pick the financial instrument you intend to trade this time. You will also have to set the chart. My recommendation is the Japanese candlesticks chart as most of the strategies are clearly visible on it. The candles period should be adjusted to 1 minute.

The next step is to add indicators used in this particular strategy to your IQ Option chart. To do this, click on the indicators icon and select the Moving Average. Make a necessary change that is set the period for 100 and type SMA (Simple Moving Average). The colour and thickness settings can be changed as well. Choose the one most transparent to you.

Use simple moving average with a period of 100
Use the simple moving average with a period of 100

Now, you repeat the procedure for an Awesome Oscillator. You do not have to introduce any changes here as we will use default settings.

Once, both indicators are added to your chart, click the indicators icon again. Under the tab “Added” you will see the tools you are currently using. The IQ Option platform gives you the opportunity to save the template so you can use it in the future with one click only. Provide a name for your new template, then just click the “Save” button and it will be available under the “Templates” tab.

You can save a template for this strategy
You can save a template for Awesome Oscillator strategy

How the strategy that combines the SMA and the Awesome Oscillator works

Which indicator works best with Awesome Oscillator?

Linking indicators is an art of sorts. Of course, many people randomly throw a few indicators on a chart and try to do something in the market based on them. That is not the way to go. You can get a lot of contradictory signals this way. You can also get many of the same signals if the added indicators are similar in nature. Our strategy today is based on the Awesome Oscillator. Most oscillators, on the other hand, work well with moving averages. This is why we have included a Simple Moving Average in our Awesome Oscillator strategy. It is difficult for me to judge if this is the best combination but it is certainly good.

Your chart should look similar to the one below. There is the SMA moving along with the price bars and the Awesome Oscillator window displayed below. Your job is to watch the SMA first and wait for a moment where it goes through the price bar. After this happened, you check with the Awesome Oscillator and if its bar is in the much-needed colour, you enter the trade.

1-minute EURUSD chart with our awesome template
1-minute EURUSD chart with our awesome template

Opening a long trade with the Awesome Oscillator strategy on IQ Option

You are waiting for the uptrend to develop. Then, you are waiting for the SMA to cut through the price bar. Look at the AO histogram. If it is showing a green bar, you have got a confirmation for your trade. Open a long position that lasts 5 minutes.

Signal to open 5-minute up trade
Signal to open 5-minute up trade

Opening a short trade with the Awesome Oscillator strategy on IQ Option

Analogically, you are waiting for the downtrend now. Once it has begun, you should follow the SMA line. Wait for the moment when it crosses the price bar. Then, check with the AO histogram. The colour of the bar should be red. Now, you can open a short transaction. With 1-minute as a chart time frame, your option should last 5 minutes.

Signal to open 5-minute down trade
Signal to open 5-minute down trade


The combination of the SMA and the Awesome Oscillator is quite easy to use. Especially, with the option to save your favourite templates. It just makes your trading smoother. All you need to do is click on the strategy name you have saved before, and all the indicators needed will be added to the chart. Then, you will have to show some patience. Patience is very important in the trading business. It is not wise to rush into the trade. You must always wait for confirmation from both, the SMA and the Awesome Oscillator. This increases your chances of success.

It is also recommended that you give yourself some time to practice new strategies you have learned. The IQ Option practice account is an excellent place designed for this purpose. After you got hold of using the Awesome Oscillator strategy, you can switch to the live account and start to make profits.

We wish you success!





IQ option products like CFDs and options are investments that can be risky. This means that if you invest in them, you could lose your money quickly. In fact, 83% of people who invest in CFDs with this provider "IQ Option" lose money. You should make sure you understand how CFDs work and if you can afford to risk losing your money. Remember, this article is not giving you any advice about investing. Any information about what happened in the past or what could happen in the future is just an opinion and not guaranteed to be true. Including examples given in the content displayed.
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Bart Bregman

Author / IQ Option expert: "My name is Bart Bregman, I have 9 years of full-time professional trading experience. I've been trading with IQ Option for more than 7 years, mainly on the shorter time frames doing technical analyses, and have many experience with Binary Options, CFDs, Options, and Crypto trading. There is no such thing as a bad trade! As a digital nomad trader, I'm mostly traveling all over the world. Follow my journey on Instagram at "

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