Doubling doubles Stochastic analysis accuracy when operating. However, keep in mind that with every new tool is added to Forex trading, there might be some degree of complexity, and a very complex strategy is not always good.
For this method:
Currency Pair: Any
chart: 1 hour, 1 day
Indicators: Full Stochastic (21,9,9) and Full Stochastic (9,3,3)
Entry rule
when you see the lines crossing Stochastic (21, 9, 9) - in (or wait for the current price bar closed and then enter). Be the most important trend.
See the Stochastic (9, 3, 3) to anticipate changes in the mainstream and among new + market - additional entries.
Also, ignore the short-term Stochastic movements (9, 3, 3) to indicate a way out - do not leave before to the Stochastic (21, 9, 9) give a clear signal to do so.
Exit rule
Wait for the next important Stochastic lines cross (21, 9, 9).
double stochastic
The use of two Stochastic indicators helps to show the main trend and the variations within it. This allows greater certainty in the rules of entry and exit rules give good.
disadvantages
It requires constant monitoring, and again you are dealing with a retrospective indicator or delayed.
related posts
- Support Resistance Indicator
- Forex Trend Indicator
- Fibonacci Fan
- Ichimoku Indicator
- Macd And Stochastic
Forex is simple follow the trend and you will rich.
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