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New Method: Combination of Stochastic+RSI

  • #41
  • Nov 10, 2009 7:22am Nov 10, 2009 7:22am
sriloba,

Did you take any trade lately?

Chamane
  • #42
  • Nov 10, 2009 9:18am Nov 10, 2009 9:18am
chamane,

I scalp aussie (short) and close for 7 pips.

Take a signal from 15 min chart and enter in 1 min chart as indicated on the charts.

London open session was not really busy.

Let see the london closes.



Good luck
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Being a fxtrader is not easy. Ones must working hard.
  • #43
  • Nov 10, 2009 10:15am Nov 10, 2009 10:15am
euro

Short @ 1.4976 in 1 min chart indicated by the white vertical line
TP @ 1.4943 for 30 pips profit and SL @ 1.5009

Let see ....
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Being a fxtrader is not easy. Ones must working hard.
  • #44
  • Nov 10, 2009 10:44am Nov 10, 2009 10:44am
Euro close with 22 pips because I am too greedy.
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Being a fxtrader is not easy. Ones must working hard.
  • #45
  • Nov 10, 2009 10:56am Nov 10, 2009 10:56am
Hi fellows traders,

If you don't have any strategy to trade forex you can test my strategy.

But you have to know the use of pivot point, draw trend line, price patterns and be able to trade multi times frames. Because the best set up might occur in any time frame.

My strategy is not the holy grail but you can use it wisely for trading for the living.

I will be out of country for a while with my family.


Good luck and god bless all of you

Sriloba
Being a fxtrader is not easy. Ones must working hard.
  • #46
  • Nov 10, 2009 11:24am Nov 10, 2009 11:24am
sriloba,

Thanks for your explanations. It's interesting that you can scalp also. Yesterday, I didn't see many opportunities with the whole system. What are your general rules for stop loss and profit levels?

Chamane
  • #47
  • Jan 16, 2010 2:31am Jan 16, 2010 2:31am
Hi,
I'm beginner in live trading, studying it part time for more than a year.
I use same method (with some differences in parameters) but something just made me wonder about your method, your money management rule.

I think it's better to keep a reasonable risk to reward ratio, and I believe you probably will do better if you consider your SL and TP levels according to your estimated resistance and support levels.

warm regards,
Emad
  • #48
  • Jul 1, 2018 12:01am Jul 1, 2018 12:01am
Hi guys,
I AM LOOKING FOR RSI-STOCHESTIC INDICATOR WHICH WILL GIVE PUSH NOTIFICATION WHEN RSI OVER SOLD AND STOCKESTIC OVERSOLD AND VICE VERSA.
THX/RGDS
GK
  • #49
  • Jul 1, 2018 1:31am Jul 1, 2018 1:31am
Quoting grpvez
Hi guys, I AM LOOKING FOR RSI-STOCHESTIC INDICATOR WHICH WILL GIVE PUSH NOTIFICATION WHEN RSI OVER SOLD AND STOCKESTIC OVERSOLD AND VICE VERSA. THX/RGDS GK
WOW, your lucky day, learn to use the Market tab and / or the MQL5 website



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It takes a lot for me to IGNORE you, but you can try.
  • #50
  • Last Post: Jul 1, 2018 1:52am Jul 1, 2018 1:52am
Noted your charts but i am looking for something someone is using effectively currently i am using RSI and stochastic in a different panel and many time i am missing the trading opportunity as well so i would like to use a combination push notification when RSI and stochastic in over sold or over bought condition it should alert me.
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