Objective: To average 100 pips per day each week
Setup: 1hr chart with Stochastic Oscillator set at 7,3,3, Low/High, Simple
Pairs Traded: Figures below are for GBPJPY since it has the bigest swings - havent tested on others, their SL & TP would have to be adjusted.
Trade Execution: At the 9:00 GMT and 13:00 GMT each day place a buy/sell according to the location of the Stochastic.
If the Stoch is BELOW the signal level you would SELL, if above you would BUY.
For EA settings and performance results see next posting.
I would apprecieate any input on refining the process for more optimal results.
Setup: 1hr chart with Stochastic Oscillator set at 7,3,3, Low/High, Simple
Pairs Traded: Figures below are for GBPJPY since it has the bigest swings - havent tested on others, their SL & TP would have to be adjusted.
Trade Execution: At the 9:00 GMT and 13:00 GMT each day place a buy/sell according to the location of the Stochastic.
If the Stoch is BELOW the signal level you would SELL, if above you would BUY.
For EA settings and performance results see next posting.
I would apprecieate any input on refining the process for more optimal results.