Hi all. I have a fulltime job and can only trade in the evening and this strategy I came up with and not sure if anyone else had a thread on this. If they do I apologize.
Ok here is the system.
Set your slow stochastics to 15,5,5. And use the daily time frame. You wont get trades every day on 1 pair but i have been back testing 20 pairs and it looks very profitable.
Entry Long is when the lines crossover and are below the 50 and on the way up
Entry Short is when the lines cross over and are above above the 50 and on the way down.
I always always always use a target profit of 20 pips and no stop loss. Very very rarely will not hit your target and if it misses, it always comes back in a few days.
Feel free to post and problems or any improvements with this system.
This is good on any pair.
Ed
Ok here is the system.
Set your slow stochastics to 15,5,5. And use the daily time frame. You wont get trades every day on 1 pair but i have been back testing 20 pairs and it looks very profitable.
Entry Long is when the lines crossover and are below the 50 and on the way up
Entry Short is when the lines cross over and are above above the 50 and on the way down.
I always always always use a target profit of 20 pips and no stop loss. Very very rarely will not hit your target and if it misses, it always comes back in a few days.
Feel free to post and problems or any improvements with this system.
This is good on any pair.
Ed
"Do or do not, there is no try"