DislikedHave also noticed that if extreme spike occurs together with extreme levels (>80 or <20) of Stoch, the signal is stronger. I took quite a few trades (without waiting for confirmation from the rest of the indis) and had acceptable pips.
Please note that those trades were just plain gambles, not complying with rules in Post #1.Ignored
I have as well.....I used RSI however....This also allows for a tighter S/L IMO, but this also means you may lose more trades (which is not a bad thing as long as your risk/reward is good).
Remember, you can have a 50% win ratio on your trades and make great money.