Here is a stochastic cross EA.
This is basically how it works:
If the %K line crosses below the %D line during the previous candle/bar and the %K line is above 80 it goes short.
If the %K line crosses above the %D line during the previous candle/bar and the %K line is below 20 it goes long.
Stochastic settings: 8,3,3
Inputs:
Lotsize, Stop loss, Take Profit.
Coded to work on any timeframe. Won't open a trade, if a trade on the pair is already open. Has no MM feature.
This is a new baby project of mine. If you would like this modified let me know. I'm hoping to get some results and improve this crude EA. I'm not a pro programmer, i just took a programming course in college and have written a few programs for fun.
If you use this please post results and sl/tp inputs, they would be greatly appreciated.
I'm posting this for a couple reasons:
1) I'd like to make a contribution, however small, to this great community on Forex Factory.
2) I'd like to help get help in making a profitable EA/trading system.
Maybe this is a pipe dream, but constructive help/comments would be greatly appreciated in the common pursuit of making pips
Updated: Should work on both 4 and 5 digit brokers now
This is basically how it works:
If the %K line crosses below the %D line during the previous candle/bar and the %K line is above 80 it goes short.
If the %K line crosses above the %D line during the previous candle/bar and the %K line is below 20 it goes long.
Stochastic settings: 8,3,3
Inputs:
Lotsize, Stop loss, Take Profit.
Coded to work on any timeframe. Won't open a trade, if a trade on the pair is already open. Has no MM feature.
This is a new baby project of mine. If you would like this modified let me know. I'm hoping to get some results and improve this crude EA. I'm not a pro programmer, i just took a programming course in college and have written a few programs for fun.
If you use this please post results and sl/tp inputs, they would be greatly appreciated.
I'm posting this for a couple reasons:
1) I'd like to make a contribution, however small, to this great community on Forex Factory.
2) I'd like to help get help in making a profitable EA/trading system.
Maybe this is a pipe dream, but constructive help/comments would be greatly appreciated in the common pursuit of making pips
Updated: Should work on both 4 and 5 digit brokers now
Attached File(s)
Stochastic Cross 833 v0.1.mq4
3 KB
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19,761 downloads
"If we knew what we were doing we wouldn't call it research." A. Einstein