Trading using stochastic indicator

Stochastic indicator technique

This time I want to share one of my trading strategy I have used for several years. And I've proven yourself by using only one indicator of this trade I always generate profit in accordance with my target. Trading strategy that I use only use 3 pieces of stochastic who can adapt to any timeframe. I usually always play scalping in TF 1 minute, with only 10 points TP and no SL. Stochastic its setting is as follows:

1. Stochastic 1 : 9,4,3
2. Stochastic 2 : 12,4,12
3. Stochastic 3 : 24,4,24

Setup:

Over Sold / Over Bought line standard level was at 20 and 80,simple moving average.

Order Entry:
By the time all the stochastic is in oversold level TF1M Entry Buy on Target 10 Pips

Sell ​​Entry:

By the time all the stochastic is in overbought level Entry TF1M Sell on target 10 Pips entries are really on Stoch Stoch 2 1 is used as a signal of intention to make the first entry at the open position when the movement of the chart will be in accordance with our wishes. Stoch an OS instance, Stoch 2 OB, OB Stoch 3 then we have to wait till OB Stoch 1, after an OB Stoch we open new short positions.. look after open sell chart will move according to our wishes ..

 



 

As long as I use this strategy I've pretty much making a profit, there may be differences if-agan agan all also use this strategy. Please also be shared to me so I can be smarter again.

Forex short term strategy

"People are not remembered by how few times they fail, but how often they succeed."
- Thomas Edison

Okey, I am sharing this post about strategies for short term profit. Let us together quickly succeed in the forex business.

This strategy uses two chart TIME FRAME 15-minute and 1-hour charts chart, and 200 period EMA and 4-bar slow stochastic. To identify trends you should look for situations where consistanctly priced above or below the moving averages on both charts.

Once the trends have been identified:

IF the market is more than 20 points above (for going long) or 20 points below (for going short) moving average.

Stochastic fast pass line / cross above the slow line Stochastic under 20 (for going long) or below the line crosses above the slow stochastic 80 (for going short).

If these conditions are met it means that the currency is currently in a short-term uptrend or a downtrend and has stopped or pulled back and ready to make a turn / turn.

Stop loss should be set 10 points below the 200 period MA on the 15 minute chart. for going short, place a stop 10 points above 200 - period moving average on the 15-minute chart.