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.
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
- 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