Daily Stochastic Oscillator System
Goal: Average 100 points per day per week
Settings: 1 hour chart, stochastic oscillator settings 7, 3, 3, low/high, simple
Trading Pairs: GBP JPY pictured below Since it is the most volatile - it has not been tested with the others, so their Stop Loss and Take Profit will have to be adjusted.
Trade Execution: Buy/Sell based on the Stochastic position every day at 9:00 GMT and 13:00 GMT.
If the Stoxx is below the signal level, you will sell, if it is above the signal level, you will buy.
See the next article for EA setup and performance results.
I would appreciate any input on improving the process for better results.
Settings: 1 hour chart, stochastic oscillator settings 7, 3, 3, low/high, simple
Trading Pairs: GBP JPY pictured below Since it is the most volatile - it has not been tested with the others, so their Stop Loss and Take Profit will have to be adjusted.
Trade Execution: Buy/Sell based on the Stochastic position every day at 9:00 GMT and 13:00 GMT.
If the Stoxx is below the signal level, you will sell, if it is above the signal level, you will buy.
See the next article for EA setup and performance results.
I would appreciate any input on improving the process for better results.
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