Multi Moving Average OverBought-OverSold Trading Strategy with Stochastic Oscillator Filter [7638]

High accuracy “Multi Moving Average OverSold-OverBought MT4 Trading with Stochastic Oscillator Filter” – Multi Moving Average OverSold-OverBought trading is a pure trend following strategy based on MA and Stochastic Oscillator.

This trading system is good for trading also with the Renko chart.

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

The simplest method for using the Multiple Moving Average indicator is to trade a basic moving average crossover system. This system would BUY when all of the short-term EMAs cross above all of the long-term EMAs and SELL when the short term EMAs cross below the long-term EMAs.

It follows simply ‘Trend is my friend’ principle and helps in following the main trend.

This technique is used by many portfolio managers worldwide.

Traders should use the Multiple Moving Average in conjunction with other technical indicators to maximize their odds of success. For example, traders might look at the Stochastic Oscillator (OverSold & OverBought) to confirm signals.

• Download “TraderVersity.Com-MultiMovingAverageOverSoldOverBought” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “TraderVersity.Com-MultiMovingAverageOverSoldOverBought.tpl” file (template) to your Metatrader Directory …/templates /
• Start or restart your Metatrader Client.
• Select Chart and Timeframe where you want to test your forex system.
• Right-click on your trading chart and hover on “Template”.
• Move right to select “TraderVersity.Com-MultiMovingAverageOverSoldOverBought” trading  system and strategy
• You will see “Multi Moving Average OverSold-OverBought Trading System” is available on your Chart

 

• Multi Moving Average: uptrend
• Stochastic Oscillator: upward from the oversold area
• NOTE:
  • Use Overbought and Oversold as an additional trend continuation signal.

 

• Multi Moving Average: downtrend
• Stochastic Oscillator: downward from the overbought area
• NOTE:
  • Use Overbought and Oversold as an additional trend continuation signal.

 

In this “Multi Moving Average OverSold-OverBought MT4 Trading with Stochastic Oscillator Filter”, when an indicator is in Overbought and Oversold, the market is getting ready for a reversal.

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