Stochastic Swing

Real Trades. Real Results. Forums Testing Lab Stochastic Swing

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This topic contains 1 reply, has 2 voices, and was last updated by  Johan Barnard 1 month, 2 weeks ago.

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  • #24642

    Glenn
    Keymaster

    Here are the basic rules for the Stochastic Swing:-

    But first, some things we’re not putting into rules, but hope to find the best combination/approach through a crowd-sourced live test through Trello.

    • What pairs to trade
    • What timeframes to trade
    • What reward to aim for, i.e, 1:1, 2:1, 3:1 etc. or trade to next level of support and resistance, three bar exits etc., etc.,
    • How to enter, i.e., at market, pending stop or limits on a retrace

    Here is the setup:

    1. Price has been moving up, then changes direction with a colour change.
    2. At the same time, there is an increase in volume, on the colour change candle (not that clear here, but the volume was higher)
    3. Slow Stochastic is in overbought territory and turning down

    So far, I have tested simply selling at market. Stops a few pips beyond the swing high or low. Targeting 3:1.

    • This topic was modified 1 month, 2 weeks ago by  Glenn.
    • This topic was modified 1 month, 2 weeks ago by  Glenn.
    • This topic was modified 1 month, 2 weeks ago by  Johan Barnard.
  • #24680

    Johan Barnard
    Keymaster

    Hi all
    Here is a nice Meta Trader 4 Template for this strategy.

    How to install software (Indicators, Experts, Scripts, Templates) into new MT4
    Open your MetaTrader 4.
    Click File — Open Data Folder (Picture #1)
    Open MQL4 folder. Now, you’ll see these folders:
    Restart your MetaTrader 4.

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