Forex trading strategy #6 (Double Stochastic)
Submitted by Edward Revy on February 28, 2007 - 14:36.
By doubling on Stochastic analysis we are doubling on trading accuracy... However, one should remember that with each new Forex tool added complexity can appear; and a very complex approach is not always good.
Strategy Requirements:
Currency pairs: ANY
Time frame chart: 1 hour, 1 day
Indicators: Full Stochastic (21, 9, 9) and Full Stochastic (9, 3, 3).
Read entire post >>>
Hello. i just wanna ask.
1. So this strategy is about "crossing" right? so we're not focus on overbought or oversold area?
2. I use hourly only without looking higher time frame. because i think it would take years to wait shorter and higher time frame to get 4 crossing (2 cross in one time frame). is this okay to do? or do you only see higher time frame on stoch (21,9,9) to see trend?
3. Do you prefer adding more indicator on this? like crossing MA for further confirmation? if you say so, which crossing Ma's?
please and really please send the answer to my email, i cant check this forum often. wolfrushes()gmail.com
thank you sooooo much for answering. really appreciate.
-wolf-
Hi Wolf,
In my opinion:
1. Right.
2. Hourly is ok too.
3. You can add any MAs you like, for example 10 and 20 EMA.
Antony
pls i need more explanation on double stochastic,if possible videos, can i use 34, 5, 5 and 5, 3, 3. Thanks in advance
hello thanks 4 ds site
pls i trade with marketiva,they re not a metatrader platform...how do i configure the stoch.to 21 9 9 and 9 3 3 thanks a lot. Mike.nigeria
I've been using this strategy for a few months now, and all I have to say is the strategy is simple and amazing. However, it definitely isn't a strategy where you can "set-it-and-forget-it." It requires constant monitoring. My goal is earning 3% each day/night using this strategy. I have been earning more than this each day. However, I don't really get much sleep during the week because I trade during overnight using this strategy and while I am at my full-time job. If you are dedicated and serious enough and wanting to succeed, I recommend this strategy. I figure I will catch up on sleep over the weekend.
Another great indicator to use along with this is Bollinger Bands. I pay more attention to the Stoch(9,3,3). However, when this indicator goes above 80 or below 20 and remains inside these ranges, that is when I turn to the Stoch(21,9,9). Stoch(21,9,9) gives a clear indication on what is happening in these ranges.
Good luck to all and don't be greedy. Follow your own strategy without deviating and you will win.
first of all I want to say this site is great.I learned alot and keeping doit.
i look foward to understand well the market and keeping money.
best to all
ilan from israel.
This strategy working ok but how to ignore Stochastic (21,9,9) fake crossover? Most of the time Stochastic cross 20 then Stochastic (9,3,3) give me BUY signal but Stochastic (21,9,9) stay between 20 and 50 and price go down continuously.
Post new comment