Stochastic Strategy
This stochastic strategy need :
stochastic indicators : set to
%K period : 5
%D period :3
slowing : 3
Price Field : Low/High
MA method : simple
Fixed minimum : 0
Fixed maximum : 100
And at level add level 20 and level 80 ( can use line).
For this strategy if volatility is low, use TF30
If volatility is high, use TF15
When signal (red line) cross up main (light sea green line)start from level 20, that’s time for BUY position. (remember, just if it cross start and above 20, don’t at middle or upper for buy position), and for closing you can see if signal cross level 80 you can close for your buy position (safety) or you can wait till signal and main cross down (don’t wait till it cross down level 80, just if signal and main crossing)
and if signal cross down main and start from level 80 to below, thats good for SELL position. ( don’t open sell if it cross down at middle or below) and for target point, you can close SELL position if signal crossing level 20 ( for safety, or you can wait till signal and main crossing up)
This strategy can give at least 10 pips. And you can use this strategy many times and for other pairs (eur/usd, usd/jpy, eur/jpy)
That’s it about my simple strategy.
Any comment? give your coment or opinion for this strategy.
Link for this page : http://gbpforex.com/stochastic-strategy.html
Tags: forex strategy, Stochastic Strategy
