Stochastic Cross Over System
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Thread: Stochastic Cross Over System

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    Stochastic Cross Over System

    Today we will talk about the basic structure of the Stochastic , what we can expect from this indicator .
    This indicator may can increase your profit potential dramatically if we would use quite right in our trading system... so lets get start
    Chart Setup
    Indicator : Stochastic with parameter (14,3,3)
    Time Frame : Any time Frame cane be used
    Currencies pairs: any pair.

    Entry:
    When a faster moving Stochastic line crossed the slow one from upper or lower and goes above of that , not expand make sure ... current candle should need to be close wait till that time ...
    eurusddaily.png

    Exit Rules:

    When vice versa position happens we can exits the trade , if faster line cross below to above then sell closes , if vice versa then buy closed ...

    Advantages/Disadvantages:
    This system may can give us the entry around the clock wise sell enter system quite simple ,Stochastic is one of the lagging indicator , means the Stochastic never drive the market , indeed it's driven by prices , , like Stochastic crossed , but not follow the way , stall , hence lot of false signals Stochastic can give you , which can be reduce by the help of additional threads

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    Sir, i've tried this system before and it workd out the best only for the gold pair. But i have some condition for this one as well. Such as avoid trading in the monday and the friday because the risk is very high at there due to the jump. Can you help me to perfect my system? thanks!

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    I have tried this kind of trading system over and over again, it is reliable if you know what you are doing, and be active with the market for like 1 hour, if you do it on the smaller time frame , it might not help you really, this is because you will have to be staying in front of the trading system all the time, but if you use the larger time, this will stay for the same principle, but with a lesser risk.

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    Just depending on one technical is really not a good idea. Even a trader choose such strategy but he need to add other technical's to verify the signals and also technical need to eliminate fake signals instead a single technical it better to depend on the complete trading system.

    If you use this strategy on D1 or W1 then this along indicator is enough for trading you can get signals with it and can make profits with that.

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    Another disadvantage of this system is that, stoch is a slow indicator ! So just relying on it is somehow risky. Instead we can use it as a second indicator and for the 1st indicator we can use like fractals or parabolics etc, and we can also add the 3rd indicator , which is Moving Average so as to always trade with the trend. What say?

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    It is correct, all tie frames fits this system, and i have seen the better result on 4 hours. It will make you to have more patience in your opening of position on this. This is a very fast indicator, when you use it on lower time like 15 minutes, it may be jumping up ad down, this is a confusion for trader of the forex. Or do not filter well.

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    Quote Originally Posted by kashifrehman View Post
    Just depending on one technical is really not a good idea. Even a trader choose such strategy but he need to add other technical's to verify the signals and also technical need to eliminate fake signals instead a single technical it better to depend on the complete trading system.

    If you use this strategy on D1 or W1 then this along indicator is enough for trading you can get signals with it and can make profits with that.
    you have certainly made a very good point. I do not think that any forex trader should try to use an indicator like the stochastic alone to make analysis. To avoid error and false entry signals the stochastic indicator has to be combined with other indicators

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    Quote Originally Posted by jonking View Post
    you have certainly made a very good point. I do not think that any forex trader should try to use an indicator like the stochastic alone to make analysis. To avoid error and false entry signals the stochastic indicator has to be combined with other indicators
    Any decision remains in our hands, willing to use one type of indicator or by adding other indicators. Important point here is, how to recognize and how to properly use the stochastic indicator. Because there is still a lot wrong sense, especially for the newbie. And closely acquainted stochastic performance would be better to improve the performance of the signal to be generated.

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  9. #9
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    Quote Originally Posted by jonking View Post
    you have certainly made a very good point. I do not think that any forex trader should try to use an indicator like the stochastic alone to make analysis. To avoid error and false entry signals the stochastic indicator has to be combined with other indicators
    Doing traing with stochastic oscillator can make your trading to stand alone, this is what the real traders even need about the market that will give them the success they want. The trading chart for successful traders does not have to be the two indicators that you are using or more of them, but the simplicity of what you are doing, and this indicator is simple enough to do that.

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  10. #10
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    yes kashif its totally depend on technical and best idea who have so do that system, and also need here best signals and need to many best tips for that trading system, so kindly who trader use that system so must try on demo account and get much more information about and then use to live account so its best for us.

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