This Forex trading system is based on stochastic indicator, in this trading system we use 1 stochastic Forex indicator.
Forex indicators :
- Stochastic forex indicator 5,3,3
Forex time frame chart :
- 4 Hours forex trading chart
- 15 minute Forex time frame chart
Trading rules
- Define trend with 4 hour forex trading chart
Wait stochartic Forex indicator below 30 or above 70 and cross to change direction
- open trading position with 15 minute time frame chart
Wait stochastic Forex indicator below 30 or above 70 and cross. Open a trading position in the same trend direction of 4 hour time frame stochastic forex indicator
Exit trading rule
you can wait stochastic indicator give reverse trading signal to close your trading position or you also can use risk and reward ratio in this Forex trading strategy.
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