Forex procedures that embrace stochastic to screen the cost movement gives us good advice on the situation in the market from merchants who wish to do as such. It can be taken by the premise for the development of your own strategy,it gives great results in the event that you utilize next to each other with other indicators such as moving averages indicators.
Forex strategies - settings:
Coin Pair: Any cash pair, yet we generally incline toward the major currency pairs.
Time frame: any time frame but preferably with a relatively long time frames beginning of the 30-minute chart.
Indicators:
Settings Stochastic (14, 3, 3)
Forex Strategies - the rules of entering the market:
The rules of entering the market to buy: When the stochastic crosses the line under 20, and up to 10, then re-crossing the top 20 - Put a purchase order.
Alsokabbalabie entry rules: When the stochastic crosses above 80 and up to 90 and then re-crossing downward to 80 - Put ordered sale.
Forex strategies - rules out of the market:
Turn off the deal when they reach the stochastic lines to the other side (80 for purchase orders and 20 orders for sale)
Advantages: the entry and exit of accurate signals are given when the market is in the Trend.
Disadvantages: need to monitor on a regular basis. Advised to use stochastic side by side other indicators to erase any doubt in the entry into the market is wrong.