Forex trading strategy #6 (Double Stochastic)

Hi Edward

Thanks for the advise. Will definitely try out those recommendations.

Best regards

Edwin

Hi Edward,

By "accident" and searching for strategies I was landing on this URL. Great! For now I am trying to build my own strategies for forex trading, especially on EUR/USD. It is confusing for me that there are so many Stochastics indicators. The double one looks good! You can depend on getting some answers from me..........

For now, regards from The Netherlands, country of Option Traders ;-) I prefer Forex!

Jilleas

Thank you and welcome, Jilleas!

Best regards,
Edward

Hi Edward,
Pls I would really it appreciate it if you could explain lot size(volume) & how lot size(volume) is calculated.
Best Regards,
Sammy

Hello Edward,

Cool Stuffs u got there..I like how the 2nd Stochastic filtered the 1st Stochastic..are u using the "Stochastic Oscillator" and "Stochastic"?

regards,
Azim

Hi Sammy and Azim,

@Sammy: try this interactive calculator:
Forex money management Calculator
Let me know if there is anything I should additionally cover.

@Azim: In both cases I use Stochastic indicator. (In MT4 it would be Slow Stochastic, in Oanda - full Stochastic, on other platforms it can be called Stochastic Oscillator, which is all the same).

Kind regards,
Edward

Hi Ed,

do I have to keep entering the trade when the minor stochastic signal the appropriate trade (sell in the example given above) or Can I just enter the trade once (using the major stochs) and exit at the next crossover of the major stochs?

Bayo

Hi Bayo,

as long as major Stochastic suggests Buying, you can take as many buy signals/crosses from the smaller Stochastic as there will be given.

Kind regards,
Edward