Forex Trend Stochastic Oscillator MT4 Trading System [9642]

High accuracy “Forex Trend Stochastic Oscillator MT4 Trading System” – The idea behind stochastics is that as the price of a security increases, the closing price will fall closer to the highest point over a given period. As the price decreases, the close will fall closer to the lowest low.

Stochastics is therefore used to determine the best entry and exit points for a trade.

• Time Frame: M15 or higher
• Currency Pairs: Any

 

• Forex Trend
• Stochastic Oscillator
• Moving Average

The stochastic oscillator is a MOMENTUM indicator that shows the location of the current closing price of a security (or index) relative to the high/low range over a set number of periods.

Momentum indicators are designed to smooth the price moves and allow technicians to observe the underlying trend of the market.

By focusing solely on the trend, the analyst should be able to make better decisions, since the noise associated with minor movements is filtered out.

Momentum indicators, like stochastics, try to identify turning points by measuring how quickly prices are rising or falling.

• Download “ForexWOT.Com-TrendStochasticOscillatorSystem” (Zip/RAR File).
• Copy mq4 and ex4 files to your Metatrader Directory …/experts/indicators/
• Copy the “ForexWOT.Com-TrendStochasticOscillatorSystem.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 “ForexWOT.Com-TrendStochasticOscillatorSystem” trading  system and strategy
• You will see “Forex Trend Stochastic Oscillator MT4 Trading System” is available on your Chart

 

• Forex Trend: Blue histogram
• Stochastic Oscillator: Bullish (while line > yellow line)
• Moving Average: The previous candle closed above the 5MA(high) line

 

• Forex Trend: Red histogram
• Stochastic Oscillator: Bearish (while line < yellow line)
• Moving Average: The previous candle closed below the 5MA(low) line

 

In the end, that is the primary objective of technical analysis – to find trading opportunities that minimize the risk of loss. The past is only a guide to the future, and all technical tools offer only a probability of what will unfold. Managing risk is the key to making money with technical analysis.
[sociallocker]

[/sociallocker]