63# Double Stochastic Binary System
Double Stochastic oscillator with Relative Strength Index
Submit by Olivier 11/06/2014
Double Stochastic Binary System is an impressive momentum strategy. The main feature is the explosion momentum.
Time Frame 5 min
Expires time 10 min or 15 min .
Exponential moving average 4 periods,
Stochastic oscillator (3,3,2),
Stochastic oscillator (4, 2,2),
Relative Strength Index ( RSI 7 periods),
Bollineger Bands ( 20, 2).
ADX (11 with level 30)
Buy Call
conditions
ADX (11) > level 30
EMA (4) > SMA (20- middle band);
Stochastic oscillator (3,3,2) and
Stochastic oscillator (4, 2,2),
cross upward Relative Strength Index from oversold
Buy Call when the price bounce on the 4 EMA.
Buy Put
ADX (11)> level 30;
EMA (4) < SMA (20- middle band);
Stochastic oscillator (3,3,2) and
Stochastic oscillator (2, 2,2),
cross upward Relative Strength Index from oversold
Buy Put when the price bounce on the 4 EMA.
Do not trade in range markets.
This is just an idea that can be improved and also applies to other TF.
Share your opinion, can help everyone to understand the forex strategy