Forex systems which adopt a Stochastic indicator for monitoring the price provide some very good tips about the situation on the market for traders that are willing to see it.
Currency pair: Any.
Time frame: Any.
Indicator: Full Stochastic (14, 3, 3)
Entry rules: When Stochastic has crossed below 20, reached 10, and then crossed back up through 20 set BUY order.
Entry rules: Sell when Stochastic has crossed above 80, reached 90, and then crossed back down through 80.
Exit rules: close trade when Stochastic lines rich the opposite side (80 for Buy order, 20 for Sell order).
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwyBFHIjVe9fOyj1F4zPDiMb6CZ5sqhi_tPVwu5Cd3wBbCO9XhS_yk726MDwpNqDwf9mn1vzP71W9N2V1tlHkF_8zbuQArClrR9Q9MUG8ifAasIYHXAL121ycwA4vKywuRLDDWr_BGR2s/s1600/strategy3.png)
Currency pair: Any.
Time frame: Any.
Indicator: Full Stochastic (14, 3, 3)
Entry rules: When Stochastic has crossed below 20, reached 10, and then crossed back up through 20 set BUY order.
Entry rules: Sell when Stochastic has crossed above 80, reached 90, and then crossed back down through 80.
Exit rules: close trade when Stochastic lines rich the opposite side (80 for Buy order, 20 for Sell order).
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwyBFHIjVe9fOyj1F4zPDiMb6CZ5sqhi_tPVwu5Cd3wBbCO9XhS_yk726MDwpNqDwf9mn1vzP71W9N2V1tlHkF_8zbuQArClrR9Q9MUG8ifAasIYHXAL121ycwA4vKywuRLDDWr_BGR2s/s1600/strategy3.png)
Advantages: gives quite accurate entry/exit signals in well trending market.
Disadvantages: needs periodical monitoring. Stochastic is suggested to be used along with other indicators to eliminated entering on false signals.
Source: forex-strategies-revealed
Disadvantages: needs periodical monitoring. Stochastic is suggested to be used along with other indicators to eliminated entering on false signals.
Source: forex-strategies-revealed
forex trading expo
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