207# Double Smoothed Stochastic Scalping

Stochastic forex strategy

Submit by Joy22 18/03/2012

 

Time Frame 5min or higher,

Currency pairs, Majors

 

Indicators:

Double Stochastic smoothed, (level 40, 60), with 12 LWMA

FDM Buy Sell Pressure

Pivot

 

Rules very simple

 

Long Entry

Stochastics is greater than the LWMA clearly.

FDB Buy Sell Pressure is green

 

Short Entry

Stochastics is less than the LWMA clearly.

FDB Buy Sell Pressure is Red

 

Exit Position

On the levels pivots point.

Profit Target predetemined (6-12 pips depends on the currency pair for 5 min setup, 9-18 pips depends on the currency pair for 15 min setup);

Stop Loss : 5 pips above or below the bar of entry

 



 

In the pictures Double Smoothed Stochastic Scalping in action.

Double smoothed stochastic 2
Double smoothed stochastic 2.rar
compressed file archive 1.4 KB

 

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