18# Stochastic and Awesome Trading System
Submit by joy22
Pairs: GBPUSD\EURUSD\GBPJPY
Time Frame: 15M\1H\4H.
Indicators:
Stochastic Oscillator (K%=10, D%=3, Slowing=3);
Awesome Oscillator;
Entry Rules:
Enter Long after Stochastic main line crosses 60
up.
Enter Short after Stochastic main line crosses 40 down.
Stop order is placed 1 pip above the high of the candle (for long), and 1 pip below the low of the candle (for short).
Exit Rules:
Exit trade when Awesome Oscillator makes one bar in opposite direction of your trade. Explanation:
If you are long and Awesome Oscillator creates a red bar - exit trade when the bar is closed.
If you are short and Awesome
Oscillator creates a green bar - exit
when bar is closed.
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