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
Doda stochastic indicator (5,8,5, levels 20; 80);
Buy Sell indicator;
Entry filter indicator
Exit indicator (optional).
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
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 Template and Indicators
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