Entry confirmation is when both EMA's cross each other.
Entry Buy: Stochastic %k touches 30, Take Profit when touches 70
Entry Sell: Stochastic %k touches 70, Take Profit when touches 30
If confident can hold out longer for more pips. Making sure to keep finger on the close button in case of retracement.
If stochastic bounces back to the entry level, pull out.
Close out on retouch of 30 or 70 stochastic, or if ema's cross after close.
Main credit to Vincent.w.fx for teaching me this strategy.
Entry Buy: Stochastic %k touches 30, Take Profit when touches 70
Entry Sell: Stochastic %k touches 70, Take Profit when touches 30
If confident can hold out longer for more pips. Making sure to keep finger on the close button in case of retracement.
If stochastic bounces back to the entry level, pull out.
Close out on retouch of 30 or 70 stochastic, or if ema's cross after close.
Main credit to Vincent.w.fx for teaching me this strategy.