Stochastic Trend Momentum Trading System – High accuracy Stochastic Oscillator Envelopes Trading System with Intraday Currency Strength Indicator.
Trading NOTES
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- Use a demo account or a small live account first to practice this trading system
This “Stochastic Oscillator Envelopes Trading System with Intraday Currency Strength Indicator” is a trading system based on the classic strategy Stochastic with DIM and ARRZZ indicator.
This forex system is for intraday and swing trading.
- Time Frame: M 30 or higher
- Financial Market: any
MetaTrader Trading Indicators
- Stochastic Oscillator
- Envelopes
- DIM
- ARRZZ
- Brilliant Currency Strength Board
BUY Rules
- Stochastic crosses upward from oversold area to the upper band (blue color) envelopes indicator
- DIM indicator: (The red line upward and above the yellow and white line)
- ARRZZ blue color and below the previous swing low
SELL Rules
- Stochastic crosses downward from overbought area to the lower band (red color) envelopes indicator
- DIM indicator: (The red line downward and below the yellow and white line)
- ARRZZ magenta color and above the previous swing high
Trading NOTES
- Exit position is above or below the ARRZZ indicator
- Risk Reward Ratio 1:2 or 1:3