15 NonLag MA OverBought Oversold Stochastic Oscillator Trading System [8827]

Forex low-risk trading with “15 NonLag MA OverBought Oversold Stochastic Oscillator System” – Because price cannot move in one direction forever, the price will turn around at some point.

Currency pairs that are overbought or oversold sometimes have a greater chance of reversing direction but could remain overbought or oversold for a very long time.

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So we need to use this “15 NonLag MA OverBought Oversold Stochastic Oscillator Trading System” to help us determine when a reversal is actually occurring.

  • Time Frame: H4 and D1
  • Currency Pairs: Any

 

MetaTrader Trading Indicators
  • NonLag MA
  • Stochastic Oscillator

 

BUY Rules


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  • Stochastic Oscillator:
    • wait for the Stochastic %K line (white moving average) to cross above the level 20 line
    • %K line (white moving average) above %D
  • NonLag MA: Aqua line

 

SELL Rules

  • Stochastic Oscillator:
    • wait for the Stochastic %K line (white moving average) to cross below the level 80 line
    • %K line (white moving average) below %D
  • NonLag MA: Magenta line

 

Trading NOTES
  • Place the initial stop loss below (BUY) or above (SEL) the previous candle
  • Risk-Reward Ratio 1:2 or higher

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