720# Super Smart Trading
Stochastic with support and resistance area
Submit by Janus Trader
Super smart trading is a price action trend-momentum strategy based on stochastic and areas of support and resistance. The purpose of this strategy is to wait the price in a zone of support or resistance and wait for the bounce that it's confirmed by stochastic that trend indicators.
Time Frame 30 min or higher.
Financial market: any.
This strategy is for expert traders .
Metatrader Indicators
Non Lag Ma length 12,
100 pips momentum,
supply and domand indicators that is the super dem,
s-stochastic trend (12,9, 5).
Trading Rules Super Smart Trading
Buy
When the price is in the support zone, (you can also find the best support area see the indications).
Green bar on stochastic.
Non lag ma crosses upward 100 pips momentum.
Sell
When the price is in the resistanze zone, (you can also find the best support area see the indications).
Red bar on stochastic.
Non lag ma crosses downward 100 pips momentum.
Exit position when the price touches the opposite area or with predetermined profit target (ratio:1.2 stop loss). Initial stop loss on the previous swing.
In the pictures there is a example without support and resistance area with multiposition trading very speculative, this is only an idea but interesting.
In the pictures super smart trading in action.
Share your opinion, can help everyone to understand the forex strategy
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Write a comment
Alan (Wednesday, 30 November 2016 08:16)
Vertical lines of SochTrend indicator repaint. Entries on picture does not match because of the repainting. See in strategy tester visual mode.
Bart (Thursday, 01 December 2016 14:34)
I've tweaked some settings for my own trading reasons, but I liked your idea of utilizing stochastic. Thanks for sharing.
Bart (Monday, 05 December 2016 13:44)
I've slowed down 'non lag ma' to 35 and added slower stochastic (30,10,10). I prefer to avoid small price swings. Anyhow I've got 240+ pips swing on Eur/Jpy and still climbing (05.12.16: 12.00GMT). And these price zones are so useful, excellent. Thanks again, Janus Trader.
Anon (Thursday, 08 December 2016 10:28)
Hi Bart can you give me you skype id ?