It identifies the end of trend waves and serves as an additional complementary tool here. Strategy requirements: Timeframe: М30 It will be better not to place short intervals. exotic ones (exotic currencies are more suitable for long-term strategies). You can turn visual arrows and sound alerts on/off as you like (many turn these features off). The value of %D and slow is 3 for the stochastic eight. %K will change as follows: 6, 9, 12, 14, 16, 19, 21, 24. I also recommend changing the common levels of 20 and 80, setting a narrower range for overbought and oversold zones: 15 and 85 This reduces the number of signals and filters out false entries.
There are variations to use as the channel skirts the Fibonacci levels, in the original Spud theory the author suggests the 23.6% and 76.4% levels. Settings for Cycle Koufer Extremus: Fast Movement Average (МА) = 12, Slow Movement Average = 24, Crosses = 50. Depending on the
Belize Mobile Number List currency pairs you plan to trade, the parameters of the indicators are selected. The offered setup should be taken as basic, since with its help a stable profit was made on the EUR/USD pair . But this does not mean that the same result can be obtained in future periods. This strategy must be constantly optimized. You can download the templates for both indicators by following this link .
Conditions for opening a long position: All the stochastic lines join together forming a kind of rope. That is, their values are almost equal to each other. Most of the oscillators (the more the better) on the signal candle are below level 15. The signal candle is the one in which all conditions are met simultaneously. Cycle Koufer Extremus paints a red dot near level 0 on the graph. As soon as the majority of stochastics leaves the oversold zone (i.e. enters the corridor between levels 15 and 85), open a position. It is important that when leaving the area, the rope does not break, otherwise it is better not to enter (however, it all depends on you). We place stop losses at a distance of 20-30 points. Forex trading strategy allows you to win on trend reversal by providing 40%-60% accurate entry signals.