Anybody trade divergence on 4H chart? Can they share here pls... | Forex Factory

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Anybody trade divergence on 4H chart? Can they share here pls...

  • #1
  • First Post: Mar 14, 2011 1:28am Mar 14, 2011 1:28am
I trade on divergence 4 H chart so far on eur/usd with satisfactory backtesting result

basically I only use stochastic (5,3,3), confirm the divergence with the levels of 80/20 and enter as the line turns....

backtesting has been fine, i'm doing forward testing now and looking to trade 1 or 2 more pairs to use this technique on...

can anyone share which other pair is showing satisfactory results for this simple system?

thx all!
  • #2
  • Mar 14, 2011 2:49am Mar 14, 2011 2:49am
Tell more details about ur method, I am quite interest ..

bye
ajentha
  • #3
  • Mar 14, 2011 3:16am Mar 14, 2011 3:16am
well basically:

1. use 4H chart only- so far on eur/usd
2. indicator: use stochastic (5,3,3)
3. ATR last 14 periods

identify a divergence and reconfirm with the stochastic for oversold/overbought levels

enter the trade when the peak turns, decide the SL gap by looking at ATR take 60% of the gap.
But use 50 pip as a minimum if u get a gap like 40 pip or so

Take Profit: use 1:1 and 1:2, so split your trade into 2 trades and move your SL to EP when u hit TP1
  • #4
  • Mar 14, 2011 3:43am Mar 14, 2011 3:43am
hi.. i use this indicator.. and work very well..

Best regards
Activemax
Attached File(s)
File Type: ex4 Stochastic_DivergenceMTF.ex4   13 KB | 527 downloads
  • #5
  • Mar 14, 2011 5:22am Mar 14, 2011 5:22am
Quoting ikur1
well basically:

1. use 4H chart only- so far on eur/usd
2. indicator: use stochastic (5,3,3)
3. ATR last 14 periods

identify a divergence and reconfirm with the stochastic for oversold/overbought levels

enter the trade when the peak turns, decide the SL gap by looking at ATR take 60% of the gap.
But use 50 pip as a minimum if u get a gap like 40 pip or so

Take Profit: use 1:1 and 1:2, so split your trade into 2 trades and move your SL to EP when u hit TP1
Thank you, I will try

Have a nice day to u

bye
ajentha
  • #6
  • Last Post: Mar 14, 2011 5:24am Mar 14, 2011 5:24am
Quoting ikur1
I trade on divergence 4 H chart so far on eur/usd with satisfactory backtesting result

basically I only use stochastic (5,3,3), confirm the divergence with the levels of 80/20 and enter as the line turns....

backtesting has been fine, i'm doing forward testing now and looking to trade 1 or 2 more pairs to use this technique on...

can anyone share which other pair is showing satisfactory results for this simple system?

thx all!
sorry guy, nobody trades this ...ur in the minority here ...!
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