Stochastic Crossing with FXDD Strategy

Stochastic Crossing with FXDD Strategy is designed for trend-following trading and uses Stochastic, a channel of moving averages and indicator FXDD.

The basic principle of the Stochastic Crossing with FXDD Strategy is to find the entry point of the trend with the help of Stochastic.

Input parameters

• Currency pairs: GBP/USD, GBP/JPY, AUD/USD, EUR/USD, USD/CAD, EUR/NZD, USD/CHF, NZD/USD, USD/JPY
• Timeframe: M5 and higher
• Bidding time: any
• Risk management: after calculating the stop-loss, choose this lot sizeto risk no more than 2-5% of the deposit per trade.

Used indicators

• Stochastic Crossing (30, 10, 10);
• Fast Trend indicator;
• Simple moving average (10, high);
• simple moving average (10, low).

Setting up the price chart

• Unpack the archive
• Copy the template into the templates folder
• Copy the indicators to the folder MQL4 -> indicators
• Restarting the terminal
• Open the chart of the desired currency pair
• Set a template named Stochastic crossing FXDD

The schedule should look like this:

Signals indicating the opening of a long position (buying)

• Prerequisite: In the currency pair there is a stable upward trend
• The candlestick closed above the moving averages channel
• There are 4 green bars on the Fast trend indicator
• Stochastic crossing indicator drew a green arrow

Signals indicating the opening of a short position (sale)

• Prerequisite: In the currency pair there is a stable downtrend
• The candlestick closed below the moving average channel
• There are 4 red bars on the Fast trend indicator
• Stochastic crossing indicator drew a red arrow

Setting Stop Loss and Take Profit Orders

• Stop Loss Order is set above/below the previous local maximum/minimum;
• The transaction is exited when the opposite signal appears or by a take profit order, the size of which depends on the traded currency pair and used timeframe.

Stochastic Crossing with FXDD Strategy has simple trading rules, which will not cause difficulties even for novice traders. In addition, the strategy can be used for intraday trading and swing trading. We recommend opening trades only in the direction of the current trend.

Download Stochastic Crossing with FXDD Strategy Template and Indicators

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