Forex Stochastic OSOB Scalping Strategy
Forex Stochastic OSOB Scalping Strategy:
Stochastic OS/OB Strategy is a trend reversal strategy based on bollinger Bands, stochastic oscillator, Support and Resistance levels and Value Chart for direction of the trades.
Time frame 5 min or 15 min.
Currency pairs: majors with low spreads.
Bollinger Bands (period 20, deviation 2.0),
Supprt RTF period 11,
Nice Value chart V.1.0,
Stochastic oscillator (10, 3, 3) with level (10 – 90).
Trading rules Stochastic OS/OB Strategy
Buy
Price outer the lower band of BB.
Value chart with white bar.
Red dot support level.
Stochastic crosses upward the 10 level (green color line).
Place a buy order at opening of the next candle.
Initial stop loss at the privious low swing.
Make profit with fast profit that depends by time frame and pairs, max ratio stop loss 1:1.
Sell
Price outer the upper band of BB.
Value chart with white bar.
Green dot resistance level.
Stochastic crosses downward the 90 level (green color line).
Place a sell order at opening of the next candle.
Initial stop loss at the previous low swing.
Make profit with fast profit that depends by time frame and pairs, max ratio stop loss 1:1.
You can use, for money management the martingale. Multiplier range min 1.4 – max 2.0.
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 OSOB Scalping Strategy?
- Download Forex Stochastic OSOB Scalping 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 OSOB Scalping 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”.
