Short Term Trades
Submitted by Nagendra Rai on October 21, 2008 - 04:52.
Hi,
This is the basics of stochastic trading with multiple time frames and moving averages. This system alone will provide a very high win percentage with low pips. This system is best traded aiming for 7-20+ pips and locking in profit when it comes.
RED Moving Average = 125 Close Exponential, 130, 135 to 200 C E
Green Moving Average = 70 Close Exponential to 120 C E
Stochastic Settings: 5, 3, 3 and 14, 3, 3 (high/low, simple) ....use only %K line and overlay in one indicator window.
MACD: The default settings are 5,35,5
Trading Time Frame is 5 Min.
Long Entry: The green lines must be above the red lines in all time frames from 5 Min to 4 Hour. Green and Red lines must agree and head north. All the lines must be going in the same direction.
Stochastic: Stochastic lines must cross the 20 or 23.6 from below and head up
MACD: This is important. When you get the signal MACD must be above 0
Short Entry: The green lines must be below the red lines in all time frames from 5 Min to 4 Hour. Green and Red lines must agree and head south. All the lines must be going in the same direction.
Stochastic: Stochastic line must cross the 80 or 76.3 from above and head down
MACD: This is important. When you get the signal MACD must be below 0
For more details please find the below attachment.
Thank You,
Nagendra Rai
| Attachment | Size |
|---|---|
| Short Term Trades.rar | 114.74 KB |
I'll check it. In the mean time feel free to send it to Edward
he'll post it for you.
Thomas
(moderator)
Update: please try uploading again. If unsuccessful, please contact Edward. Thank you.
Hi Nagendra Rai
If I may ask, what did you mean by:
"RED Moving Average = 125 Close Exponential, 30, 135 to 200 C E
Green Moving Average = 70 Close Exponential to 120 C E"
Also When you talk about MACD, do you mean MACD lines or MACD histogram.
Looking forward to tring out your method.
Isir
Dear Isir,
Sorry for confusion actually above description is a part of explanation with images, coz I wasn't able to upload file this description put confusion in mind. As per update given by Thomas I have sent a mail to them.
125 Close Exponential, 130, 135 to 200 means 16 Exponential Moving Average in red color ranging from 125 to 200 i.e 125 130 135 140 145 150 155 160 165 170 175 180 185 190 195 200.
same for green ranging from 70 to 120 i.e. 70 75 80 85 90 95 100 105 110 115 120
MACD you can use any.
THX,
Nagendra
Dear All,
Currently made 200+ pips using this trick in G/J E/J U/J. These are easy pickings coz all are falling down means green lines in all time frame are below red n MACD below 0 in 5 Min, just wait for both stoch lines to cross 76 level from up towards down in 5 Min for short.
Regards,
Nagendra
Dear Nagendra,
Green MA from 70 to 120 , does that mean multiple MAs. Kindly verify
Dear User,
Yes you are right. If u r using MT4 platform then please use template I have attached, it will help u to understand which indicators I have used.
Regards,
Nagendra
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