#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.
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Hi Javier,
Thanks a lot for your feedback.
Regards,
Edward
any one tell me which currency are effect on gold?
jai
jkishan43[at]yahoo.co.in
Hi
great u big great is ur posts, yes doing good wrk here. I want to ask what are the setting for 5min, 15min, 1hr, 4hr etc time frame. As u said "The settings for BBands_Stop indicator could be changed to fit any particular favourite currency pair and a time frame"
Thank you.
Lanredo
There is one statement known to me, it says:
"If gold is going up, so is the Swiss Frank"
Hi Lanredo,
So far I have no solid suggestions, because I'm still experimenting with indicator settings.
Regards,
Edward
hi this is very good strategies i not used it yet but it looking good. hey plz keep posting new strategies thanx
hi u work really well but i want to know that at the ending in ur graph the stochastic is already saying overbought condition but bband stop still saying to buy if we follow to stochastic then we have to sell. whats that?
Here how it works:
We use BBands_Stop to tell us which way to enter. On the screen shot to the strategy BBands_Stop is suggesting to Buy.
At the same time Stochastic there is overbought, which means it is a bad time for us to enter Long now. Thus we wait for Stochastic to actually move back down and cross in oversold zone, which is going to provide a sound signal to Buy the pair (assuming that BBands_Stop indicator is still in Buy mode).
Regards,
Edward
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