My Simple System for Intraday and Intraweek Trades

Hi,

I'm fairly new to forex, but i have been making success just using a simple strategy using 2 indicators basically which i would like to share.
Fractals and Stochastic. (Default settings)

Intraday Trading on 30minute chart.

Intraweek Trading on 4hour chart.


Trade entry conditions. Simple.
Wait for the Fractal and check If stochastic lines are crossed.

Trade exit conditions.
1. Takeprofit
2. Stochastic lines crossed or a new fractal.
3. Stochastic overbought 80 or oversold 20 levels.

Stoploss.
Around the fractal arrow area.

You can find the stochastic and fractal indicator by default in the metatrader. May the pips be with you!

Thanks for sharing your system! :-)

What is your TP and SL?

I'm using it with Stochs 10,2,4 settings and it seems to get rid of alot of the false signals. This system back tests pretty well. Paris

its better to use slow stoch to avoid false signal. eg: 14.3.3

did you just bump a 6 year old dead thread to reply to Paris Hilton ?