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Top 3 profitable forex strategies in May 2021

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Top 10 Forex Expert Advisors in the last decade

Top 10 Forex Expert Advisors in the last decade

June 3, 2021

Newcomers to the forex market often experiment with new techniques and methods to generate profits a

Top 5 trading robots for profit on forex in 2021

Top 5 trading robots for profit on forex in 2021

May 27, 2021

Foreign exchange trading is one method to make big as well as steady earnings in a reasonably brief

Bollinger Bands Width indicator - eliminating the shortcomings of BB

Bollinger Bands Width indicator - eliminating the shortcomings of BB

May 26, 2021

Bollinger Bands or Bollinger Bands (BB) are a network sign that has a significant dis

This indicator is based on Stochastic, applied on one or more timeframes and on any cross-pair.

When a buy or sell signal is detected, the indicator displays a pop-up alert. It also draws a vertical bar on the price chart: green for buy, red for sell, yellow for flat.

Pop-up messages and vertical bars are displayed for BUY or SELL signals when the Stochastic values are consistent on all selected timeframes, otherwise a FLAT signal is generated.

Flexible settings:

  • Detecting a Stochastic signal on one or more timeframes
  • Setting Stochastic Levels

Good results were obtained with the default parameters.

For example: you run the indicator on a chart with the H1 timeframe, set Active_Stochastic_for_H1 to ” true “and Active_Stochastic_for_H4 to” true ” (standard settings).

Standard settings of the Stochastic indicator:

  • KPeriod=5
  • DPeriod=3
  • Slowing=3

However, you can set the “Active_Stochastic” parameters at your discretion (for example: only H1, or M5 and H1, etc.). Similarly for the Stochastic parameters.

Stochastic Monitoring Timeframe Activation-enable the timeframe for tracking Stochastic signals

  • Active_Stochastic_for_M1 – true/false.
  • Active_Stochastic_for_M5 – true/false.
  • Active_Stochastic_for_M15 – true/false.
  • Active_Stochastic_for_M30 – true/false.
  • Active_Stochastic_for_H1 – true/false.
  • Active_Stochastic_for_H4 – true/false.
  • Active_Stochastic_for_D1 – true/false.
  • Active_Stochastic_for_W1 – true/false.
  • Active_Stochastic_for_MN1 – true/false.

Stochastic Parameters Setting-Setting the Stochastic parameters

  • Stochastic_KPeriod – the period for calculating the %K line.
  • Stochastic_DPeriod – the averaging period for calculating the %D line.
  • Stochastic_Slowing – deceleration value.

In the examples in the screenshots, there is a Stochastic oscillator that appears in separate windows. It is not the result of “MTF_Stochastic_Signals”.

You can display it by running the standard oscillator from the delivery of MetaTrader 4 or another free program (for example, #MTF Stochastic 2.0).

Key Features of Algorithmic Trading Software

23 April 2018



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