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Stochastic and 3 iMA

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this really is a simple trend forex plan.

the recommended interval is H1, the default configurations are selected for the GBPUSD money pair (for other intervals and currency pairs, you need to choose other settings for forex indicators).

The strategy uses the following indicators:

A purchase transaction is opened in the opening of the next candle, after the following requirements are met:

We set the stop loss at a distance of 50-70 points, by default 70, or below the EMA (50) — what is more.

Exit from a trading position-As soon as the dashed Stochastic line (%D) crosses the level 60 from top to bottom. Figure 1. Additionally, exit the position when the EMA (4) crosses the EMA (50) from the bottom up, provided that the position is in profit.

For SALES transactions, the opposite conditions apply.

Exit the sell trade-as soon as the dashed Stochastic line (%D) crosses the level 40 from the bottom up. Figure 2. Additionally, exit a position when the EMA (4) crosses the EMA (50) from top to bottom, provided that the position is in profit.

  • Lot for trading – Lot size.
  • StopLoss – In five-digit quotes.
  • MagicNumber – Magic Number
  • The reverse trade??? – If FALSE, then trade strictly according to the strategy. If TRUE, the Expert Advisor opens positions in a mirror image.
  • Stochastic High Level – Upper level, the overbought level of the Stochastic indicator
  • Stochastic Low Level – Lower level, the oversold level of the Stochastic indicator

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The parameters of the indicators, I hope, are clear without further explanation.

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