Forex trading strategy #14 (Stochastic + EMAs' cross)
Submitted by User on October 10, 2008 - 06:04.
Submitted by Arsalan
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I have developed a new strategy and it is based on stochastic and exponential moving average. Although it is very simple but it is very effective for short term trading.
The strategy is as follows:
Time frame - Daily.
Indicators - Stochastic (5,3)
2 Days exponential moving average.
4 Days exponential moving average.
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Hi Stephen,
I am sorry for replying so late and i am glad to know that you like this strategy.
I have never used global trader charts so i cannot give you a precise solution for your problem.
Try this - In observation period enter 5
In Averaging period slow enter 3
In Averaging period fast enter 1
(Please back test before using in realtime trading because as i said you i have never use global trader charts so i do not know whether the aforementioned setting will work or not.)
I hope the above solution will solve your problem.
Happy Trading,
Regards,
Arsalan
Hello,
Just want to know how much profit % you got from this nice strategy ?
Which Pair did you think is more preferd for your strategies ? Thanks before.
Regards;
Manus168
EUR/USD, USD/JPY, GBP/USD, AUD/USD.
Regards,
Edward
Hi Arsalan
Many thanks for sharing your strategy; I did the back test and it did work.
Edward: I think the best pairs for this strategy are: EUR/USD, AUD/USD, I couldn't use it for GBP/USD.
Thanks
BLU
Thank you, BLU.
Regards,
Edward
Hi Arsalan,
I am new to the forex market. I was trying to use your method but on my Stochastics they give me 4 fields and I don't know where everything goes. The 4 fields are 1. %K periods 2.%K smooth 3. %K double smooth 4. % D periods
please advise...
%k period is 5
%k smooth is 3
%k double smooth leave empty or set to 0
%d period is 3
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