207# Double Smoothed Stochastic Scalping
Stochastic forex strategy
Submit by Joy22 18/03/2012
Time Frame 5min or higher,
Currency pairs, Majors
Indicators:
Double Stochastic smoothed, (level 40, 60), with 12 LWMA
Rules very simple
Long Entry
Stochastics is greater than the LWMA clearly.
FDB Buy Sell Pressure is green
Short Entry
Stochastics is less than the LWMA clearly.
FDB Buy Sell Pressure is Red
Exit Position
On the levels pivots point.
Profit Target predetemined (6-12 pips depends on the currency pair for 5 min setup, 9-18 pips depends on the currency pair for 15 min setup);
Stop Loss : 5 pips above or below the bar of entry
In the pictures Double Smoothed Stochastic Scalping in action.
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5 min Stochastic scalping system
