Forex AC AO Stochastic Trading Strategy
Forex AC AO Stochastic Trading Strategy;
Setup:
1. Open any 1 Hr Candle Stick chart.
2. Setup Bill Williams Awesome Oscillator (AO) with Default values
3. Setup Bill Williams Accelerator Oscillator (AC) with Default values.
4. Setup Stochastic on top of AC with setting 8, 3, 3. See attached template file.
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
Long Entry:
When stochastic %K and %D crosses above 20 , wait that AC and AO turn green.
Short Entry:
When stochastic %K and %D crosses above or below 80, wait that AC and AO turn Red.
Exit:
1. Don’t exit if Stochastic crosses under 80 and 20. Wait for it to cross 0 line of AC and then exit. This is important if you want to catch big moves. For ex. 100 – 800 pips moves.
How to install Forex AC AO Stochastic Trading Strategy?
- Download Forex AC AO Stochastic Trading Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex AC AO Stochastic Trading Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
