Forex Stochastic Crossing FXDD Trading Strategy
Forex Stochastic Crossing FXDD Trading Strategy:
Stochastic Crossing with FXDD Strategy is a trend momentum strategy based on Stochastic indicator as timing for entry, ma channel and FXDD indicator.
The purpose of this strategy is find the best entries in trend with stochastic oscillator. Stochastic Crossing with FXDD Strategy is suitable for day trading or for swing trading.
Time Frame 5 min or higher.
Currency pairs: GBP/USD, GBP/JPY, AUD/USD, EUR/USD, USD/CAD, EUR/NZD, USD/CHF, NZD/USD, USD/JPY.
Metatrader Indicators:
Stochastic Crossing (30, 10, 10),
Fast Trend indicator,
Simple moving average 10 period, high,
simple moving average 10 period, low.
Trading Rules Stochastic Crossing with FXDD Strategy
Find the pairs in trend!! First condition.
Buy
Price action close above MA high.
Fast trend indicator 4 bars green.
Stochastic crossing indicator buy arrow.
Initial stop loss below last swing low.
Exit at the next opposite signal or with predetermined profit target that depends by time frame and pairs.
Sell
Price action close below MA high.
Fast trend indicator 4 bars red.
Stochastic crossing indicator sell arrow.
Initial stop loss above last swing high.
Exit at the next opposite signal or with predetermined profit target that depends by time frame and pairs.
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.
How to install Forex Stochastic Crossing FXDD Trading Strategy?
- Download Forex Stochastic Crossing FXDD 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 Stochastic Crossing FXDD 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”.
