514# Trading Zone with Stochastic Trading System
Wave arrows trading
Submit by Roland 15/11/2013
Trading Zone with Stochastic Trading System is based on Wave arrows trading indicator. This is a zig zag indicator. Repaint, but there are Stochastic and Trading Zone indicator that not repaint.
Time Frame 30 min;
Currency pairs: any.
Intraday system
Forex Indicator
Wave Arrows;
Pivot Lines,
Stochastic Oscillator (14, 3,3),
Trading Zone.
Rules for Trading Zone with Stochastic Trading System
Buy
When appears arrws support of Wave Arrows indicator wait green bars of trading Zone indicator and that the stochastic cross upward.
Sell
When appears arrws resistence of Wave Arrows indicator wait red bars of trading Zone indicator and that the stochastic cross upward.
Exit position
Profit target 20-28 pips depends by Currency pairs or take profit at the pivot points levels.
Initial stop 25 pips.
Vantages of this forex strategy are the good profitability.
Disadvantage is that wave arrows indicator repaint but la position it's easy to manage.
Wave arrows trading
