473# Countertrend forex system

Doda Stochastic Indicator

 

Submit by Bonnie '5/08/2013

 

Timeframe is 15-min, 30-min and 1-hour

Recommended pairs: EUR\USD, EUR\JPY, GBP\JPY

 

Metatrader Indicators:

Doda stochastic indicator (5,8,5, levels 20; 80);

Buy Sell indicator;

Entry filter indicator

Exit indicator (optional).

 

Buy

The Filter indicator is green;

The Signal indicator shows a green signal – and the bar closes;

For entry long wait that Doda Stochastic indicator cross upward from overought zone

 

Sell

Wait that the price is above the upper Bollinger bands indicator;

The Filter indicator is green

The Signal indicator shows a green signal – and the bar closes.

For entry Sell wait that Doda Stochastic indicator cross downward from oversold zone.

 

Exit position only with fast profit target:

15 min time frame 8-10 pips;

30 min time frame 10-14 pips;

60 min time frame 15-20 pips.

Stop Loss 15-20 pips.

Countertrend Forex System
Countertrend Forex System

Countertrend Forex System Template and Indicators

Countertrend Forex System
Countertrend Forex System: with Doda Stochastic indicator.
Countertrend forex system.rar
compressed file archive 13.6 KB

 

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