18# Stochastic and Awesome Trading System

Submit by joy22


Time Frame: 15M\1H\4H.
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.


In the pictures below Stochastic and Awesome Trading System in action.


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Comments: 4
  • #1

    Mimosa (Tuesday, 10 March 2015 00:03)

    Simply love it ! Very easy to follow. Works very well on 1hr and 4hr.
    I use it on different currency pairs. (added in parabolic sar as a booster filter- awesome!)

  • #2

    hook (Monday, 06 April 2015 08:59)

    Can you tell me if the bar of awesome must also be green when you entry?

  • #3

    hook (Monday, 06 April 2015 09:17)

    Can you tell me if the bar of awesome when you buy (stoc 60up) must be green too?

  • #4

    Mimosa (Wednesday, 11 May 2016 13:48)

    Parabolic sar, direction of S/S and colour of bar must be in sync - depending on whether it is a long or short trade.

Stochastic Forex Strategies