Hi all members,
Here's a very simple setting which I want to share. Those who like clean charts would love it!
Standard indicators used:
- Stochastic (5,3,3): red line (only main line)
Entry Signals: when RSI line has a clear break and goes in the Stock direction.
Filters: both lines must point the same direction before the clear RSI break and the Stoch not in the overbought/oversold area.
The exit strategy has to be find but a simple TP/SL/trailing will catch some good pips.
I didn't trade it yet, just come across this setting recently.
Hope you will have fun with it!
FerruFx