Forex Wave Arrows Stochastic Oscillator Trading System [6630]

Hig accuracy “Forex Wave Arrows Stochastic Oscillator Trading System” = Stochastic Oscillator is one of the important tools used for technical analysis in securities trading.

Trading NOTES

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• Use a demo account or a small live account first to practice this trading system

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The idea behind stochastics is that as the price of security increases, the closing price will fall closer to the highest point over a given period. As the price decreases, the close will fall closer to the lowest low. Stochastics is therefore used to determine the best entry and exit points for a trade.

• Time Frame: H1 or higher
• Currency Pairs: Any

• Wave Arrow
• BBand Stop
• Stochastic Oscillator
• GMTS Matrix
• Relative Strength Index

• Wave Arrow: Green color (below the previous swing low)
• BBand Stop: Green line
• Stochastic Oscillator:
  • Yellow line > Red line
  • Below the 30 level line (Oversold area)
• GMTS Matrix: Green color
• Relative Strength Index: Above the level 55 line

• Wave Arrow: Red color (above the previous swing high)
• BBand Stop: Red line
• Stochastic Oscillator:
  • Yellow line < Red line
  • Above the 70 level line (Overbought area)
• GMTS Matrix: Red color
• Relative Strength Index: Below the level 45 line

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