#1 Slow Stochastic + BBands Stop MT4 custom indicator
Submitted by Edward Revy on April 27, 2008 - 04:10.
Trading setup
Currency pair: any
Time frame: any
Indicators: Slow Stochastic (5 ,3, 3)
BBands_Stop (also known as TopTrend indicator) default settings (20, 2)
BBands_Stop indicator can be your helping hand in confirming a trend, identifying trend change and setting stops.
Its appearance is pretty much self explanatory.
What should be added is that BBands_Stop if used alone won’t be able to save traders from losing in the Forex market. While it performs outstandingly well during good trends, it faces a fiasco during sideways channeling market.
The settings for BBands_Stop indicator could be changed to fit any particular favourite currency pair and a time frame.
When to use Stochastic? It becomes extremely easy to see which Stochastic lines cross can help with entries or re-entries after retracements: if BBands_Stop suggests an Uptrend – we need a Stochastic cross at the bottom. Opposite for downtrend.
If your previous Forex system lacked additional trend confirmation or a logical level to place your stop at, see how BBands_Stop indicator may improve your Forex trading.
Attachments:
BBands_Stop_v1.zip
TOPTREND.zip
Edward Revy,
http://forex-strategies-revealed.com/
Copyright © Forex Strategies Revealed
i want to download the Slow Stochastic ,can you help me?
Hi Edward, you suggested that we use Fractals to draw Fib.Do i use 4hr,1day chart to get correct Fibonacci.Advise.
Hello Edward !
I can add this indicator on mt4 But Three Lines show in MT$ So Kindly you guide How Handle this position ..
Thanks!
yes.
is this indicator still working?
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It dosen't matter if the Market moves Sideways. If you set the BB STOP Indicator on Period 5 and the deviation on 1 You can Trade any market because this are the Settings to Trade any market Condition. But if you Trade with default settings this Indicator isn' good for every Situation.
Maurizio, could you please kindly share your strategy with this indicator?
-Eric
Hi Maurizio, how do you manage a sideway market? Do you have another filter?
Maurizio,
do you use the Stoch(5,3,3) together with the BBand stop?
Richard
Hello folks...
The Best Strategy to use this Indicator is to set the Period on 5, 1, and not 20, 2, - in the BBand stop Indicator and Trade only in the H1 Charts. This Indicator is the very Toptrend indicator. You can make 200-400 Pips Daily if you have a Littelbit of patience and trade the Hourly Charts only.
The Potential to get 100 - 200 Pips daily is the easyest thing if you learn to use this Indicator on the H1 Chart and the Period settings on 5, 1, .
Maurizio Fallico
Hi Emma,
a trailing stop is activated by clicking on the open orders in your Trade window. Right click -> Trailing stop
(video on youtube: http://www.youtube.com/watch?v=3ouJ0rbNRDo)
Kind regards,
Edward
Hi Edward,
I am new in here and Forex.
I want to know exactly how can I set up a traling stop using a MetaTrdae4 platform.
I can not see this option.
Maybe I am wrong?
thank You for Your great job in this side.
Ypu are a spectacular person and so educated.
Thank You very much for everything.
Kindest Regards:
Emma
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