20# Stochastic Filter Arrow
Stochastic pips
Momentum Trading Strategy MT4
Submit by Vincent
Stochastic Filter arrow is a simple momentum strategy based on based on an arro
that searches for the maximum and minimum of a range. The trade is generated when the stochastic oscillator agrees with the direction of the arrow by going below the 80 level or above the 20
level.
Very clear and simple strategy suitable for everyone.
Setup Strategy
Time frame 5 minutes or higher.
Currency pairs any, Gold, Nasdaq 100, Vix.
Trading platform Metatrader 4.
Very high profitability.
Indicators Metatrader 4
Arrow
Stochastic (11, 3, 3).
Trading rules 100% Profit Trading
Buy
Buy arrow appears below the candle on the main chart.
Wait until the Stochastic Oscillator crosses upwards and is above the 20 level.
Sell
Buy arrow appears above the candle on the main chart.
Wait until the Stochastic Oscillator crosses downwards and is below the 80 level.
Exit position
Enter the stop loss 10, 20. 30. 40, 50, pips in relation to the time frame used. Profit target when the stochastic reaches the opposite side or minimum stop loss ratio 1:1.
Examples of trading.
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Trading System Metatrader 4 III