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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.

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

 

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

 

BUY Rules

Trading NOTES

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  • 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

 

SELL Rules

  • 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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