18# Stochastic and Awesome Trading System

Submit by joy22

Pairs: GBPUSD\EURUSD\GBPJPY
Time Frame: 15M\1H\4H.
Indicators:
Stochastic Oscillator (K%=10, D%=3, Slowing=3);
Awesome Oscillator;

Entry Rules:
Enter Long after Stochastic main line crosses 60 up.
Enter Short after Stochastic main line crosses 40 down.
Stop order is placed 1 pip above the high of the candle (for long), and 1 pip below the low of the candle (for short).

Exit Rules:
Exit trade when Awesome Oscillator makes one bar in opposite direction of your trade. Explanation:
If you are long and Awesome Oscillator creates a red bar - exit trade when the bar is closed.
If you are short and Awesome Oscillator creates a green bar - exit when bar is closed.

In the pictures below Stochastic and Awesome Trading System in action.

Share your opinion, can help everyone to understand the forex strategy.

Comments: 5

#5
Ashish (Wednesday, 09 June 2021 11:05)

where is the download link of the indicator?
#4
Mimosa (Wednesday, 11 May 2016 13:48)

Parabolic sar, direction of S/S and colour of bar must be in sync - depending on whether it is a long or short trade.
#3
hook (Monday, 06 April 2015 09:17)

Can you tell me if the bar of awesome when you buy (stoc 60up) must be green too?
#2
hook (Monday, 06 April 2015 08:59)

Can you tell me if the bar of awesome must also be green when you entry?
#1
Mimosa (Tuesday, 10 March 2015 00:03)

Simply love it ! Very easy to follow. Works very well on 1hr and 4hr.
I use it on different currency pairs. (added in parabolic sar as a booster filter- awesome!)