High accuracy JPY Pairs Trading with Stoch Explosion System – The system is very simple but effective. You can use the system for an M5 time frame or higher with All JPY pairs.
- Time Frames: M5 or higher
- Currency Pairs: All JPY pairs
MetaTrader Trading Indicators
- Moving Average
- Stoch Histogram
- Waddah Attar Explosion
BUY Rules
- Moving Average: Fast MA > Slow MA
- Stoch Histogram: Green histogram
- Waddah Attar Explosion: The previous bar was green and above MA line
SELL Rules
- Moving Average: Fast MA < Slow MA
- Stoch Histogram: Red histogram
- Waddah Attar Explosion: The previous bar was red and above MA line
EXIT Rules
- This is a high accuracy aggressive trading system
- Place the initial stop loss above or below the previous candle
- Risk Reward Ratio 1:2 or 1:3