Hi folks. I'm sure I'm not the first person to notice that there's a very high correlation between the direction of stochastics compared to price (as, of course, mathematically there should be).
I've been trading solely using stochastics with promising results (on EURUSD and GBPUSD) for a short while. Has anyone else got experience of trading solely on stochastics?
The biggest issue for me is that the market often changes direction quickly, thus requiring me to be glued to the screen constantly. (Not very good if I have to answer a call of nature, for instance!) The other issue is that they only work to greatest effect when there's a reasonable level of activity in the market, or you find yourself giving back to much on the spread to your spread betting broker.
This method appears to be ripe for an Expert Advisor mechanical system. Or maybe there's already one out there that I've not discovered?
I'd be fascinated if anyone will share their experiences?
I've been trading solely using stochastics with promising results (on EURUSD and GBPUSD) for a short while. Has anyone else got experience of trading solely on stochastics?
The biggest issue for me is that the market often changes direction quickly, thus requiring me to be glued to the screen constantly. (Not very good if I have to answer a call of nature, for instance!) The other issue is that they only work to greatest effect when there's a reasonable level of activity in the market, or you find yourself giving back to much on the spread to your spread betting broker.
This method appears to be ripe for an Expert Advisor mechanical system. Or maybe there's already one out there that I've not discovered?
I'd be fascinated if anyone will share their experiences?