scooby-doo,
what is your money/risk management while you are trading like this? When you say oversold/overbought do you trust Stochastic or you determ that your way?
what is your money/risk management while you are trading like this? When you say oversold/overbought do you trust Stochastic or you determ that your way?
DislikedYes you can do it. I do it on a daily basis for my employer.
1. Pick a currency. (go with EURUSD because of the low spread)
2. Open 4 charts using 15M, 1H, 4H and 1D timeframes.
Buy signal
1. The trend on 4H and 1D is UP
2. The 15M and 1H are OS.
Sell Signal
1. The trend on 4H and 1D is DOWN
2. The 15M and 1H are OB
Use a SMA of 200 for the trend.
Run it on Demo account first to get a handle on TP and SL. Dont risk more than 3% per trade.
You wont win every trade due to the odd trend reversal but you will catch > 80%.
It really...Ignored