Make all possible mistakes in demo and rain in pips in live account
Trading Contest All Time Return:
2.3%
Trading profitably using Recent Strength 58 replies
Using Fractals Profitably 96 replies
Using Oanda FXBoxOptions Profitably 24 replies
Looking for Stochastic RSI oscillator 2 replies
Stochastic Oscillator settings 5 replies
Disliked{quote} It's MT4 default, it's 8,3,3. I never changed anything on bollinger bands. Am not colour blind. I was just testing the colours that could fit Fibonacci. Fibonacci is too dull on white background.Ignored
DislikedI agree with Mr Brown, if you press the Reset button in the Parameters tab, the default is 5,3,3 Personally, I use 8,3,5 - it's 3 Fibonacci numbers and looks smoother Anyone ready for Gold selling this coming week? Cheers, John {image}Ignored
Disliked{quote} Also Gold bearish move is around support. Good luck if it's brokenIgnored
DislikedOne of the interesting things about using stochastic on overbought and oversold region is that which ever the direction we follow. That means if it breaks the support while stochastic is oversold we go short. Then failure to break it we have long trade. We should never ignore SL, in case middle band pose as a resistance and send it back to the support areaIgnored
Disliked{quote} Hi, yes, you answered my question, thanks! So, here you say that the failure to break the support gives us the chance to go long. If the price bounce to support, when you open a long trade? Once the stocastic is above 20? Thanks!Ignored
DislikedHi Okrim, We must know that no matter how strong and good strategy we have no system/indicator is fool-proof. Always remember your SL. The strategy failed me when I used it- the failure to break below to go bullish ones in USDCAD. It was returned by middle band and later went bullish still from the support. I decided not to get in again.Ignored