Sten
Last updated
Last updated
Indicators:
(78, close)
(36, close)
(8, 3, 3)
(32, 42) applied to Stochastic data
Key conditions:
The timeframe for analysis and trading must be H1 or higher in normal market conditions. Entry is made at the opening of the next bar after the signal bar. Stop Loss is set at a minimum of 30 points, with Take Profit at 60-70 points. Once the trade reaches a profit of 30 points, move the Stop Loss to breakeven.
BUY conditions (all conditions must be met):
The price is trading above the SMA (78).
The SMA (36) is positioned above the SMA (78).
The Stochastic rises from below the 20 level and crosses the lower Envelopes line from below to above.
SELL conditions (all conditions must be met):
The price is trading below the SMA (78).
The SMA (36) is positioned below the SMA (78).
The Stochastic moves down from above the 80 level and crosses the upper Envelopes line from above to below.
Exit criteria: Exit the trade when the Stop Loss or Take Profit is hit, or when the signal from all system indicators is invalidated. While a strong trend persists, prioritize signals that align with the trend.
Open a chart with an H1 timeframe. Apply two SMA indicators with periods 78 and 36, both set to close prices. Add the Stochastic indicator with settings (8, 3, 3) and the Envelopes indicator with parameters (32, 42) applied to the Stochastic data.
For a BUY trade, ensure the price is above SMA (78) and SMA (36) is above SMA (78). Confirm the Stochastic indicator is rising from below 20 and crosses the lower Envelopes line upward. Enter the trade at the opening of the next bar and set a Stop Loss of at least 30 points and a Take Profit of 60-70 points. Shift the Stop Loss to breakeven after 30 points of profit.
For a SELL trade, ensure the price is below SMA (78) and SMA (36) is below SMA (78). Confirm the Stochastic is falling from above 80 and crosses the upper Envelopes line downward. Enter and manage the trade similarly. Exit trades based on the specified conditions.
