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LAT - Short Course

I have Just found this strategy, has anybody ever tried a double stochastic? By doubling on Stochastic analysis we are doubling on trading accuracy However, one should remember that with each new Forex tool added complexity can appear; and a very complex approach is not always good.

ANY Time frame chart: Full Stochastic 21, 9, 9 and Full Stochastic 9, 3, 3. It will be the major trend. This gives more accurate entry ruless and gives a good exit rules. August 21, , The Robin Hood System is based on Double stochastic strategy. When 1 hits 85 or above, and 2 hits 40 or lower, it signals a buy trade. When 1 hits 10 or lower and 2 hits 70 or above, it signals a sell trade.

Works best on EurGbp pair, but you must monitor it, that's the downside!

It has three variables to show two lines. Just google stochastic and you will find the following formula: DaveL Hero Member Posts: Where did you find this one The 21,9,9 looks to be a reasonable indication from a brief chart view, albeit lagging, will depend on the pair you use it on though.

Would have thought it'd maybe be simple enough to code it if the system rules aren't too complex then you could back-test and see if it's worth looking at further August 24, , If you want to use a stochastic to it's full potential, I suggest using these settings, with overlaying the stochs. You follow the green line for price it's self, and other 2 lines indicate pullbacks in the market.

Best moves are when all 3 lines pinch together, try using the bollinger bands with this stochastic, when price spikes through the bands, and stoch is also pinched at over bought or sold levels.

August 25, , In-fact using this stoch correctly and multiple time frames will give you entry points at the exact turning points of price, forgive if you feel I'm a little thick, but given that I make very good profits daily from using this indicator.

When used correctly it's no lagging indicator, it shows price on chart and just before price moves.

With using the red and blue lines they will show price as soon as it turns, you need to understand how to read such a indicator to trade it. DaveO Hero Member Posts: Sorry I can be a bit abrasive. Using divergence is also often unreliable. My 2 cents worth David. Get the job right first and the Money will follow. Prerequisite for trading "My alphabet starts where your alphabet ends" Dr Seuss.

Double Stochastic Trading System - Forex Strategies - Forex Resources - Forex Trading-free forex trading signals and FX Forecast

DaveO on August 25, , Sometimes we have to be cruel to be kind. DaveL on August 25, , TICKMILL - replacing Armada with FSA Seychelles regulation by Tickmill [ Today at Do you think you can do Forex business anytime? Worst time to trade Forex by Mitchell Marsh [ Today at FX Autotrader Elite by diyforexskills [ Today at Harmonics Trader EA by iliosellas [ Today at Harmonics Trader EA by petermatt [ Yesterday at August 20, , August 22, , Logged traderus Newbie Posts: August 23, , Intresting question Logged hammy Hero Member Posts: I just have to make a joke at the expense of your post I have a great idea- how about adding 3 or 4 more LAGGING indicators to your chart for your trade entries.

Then you will have a flourishing lagging indicator system that will provide you with even more wicked lagging trades. Just couldn't help myself.

Forex trading strategy #6 (Double Stochastic) | Forex Strategies & Systems Revealed

You give me 3 or 4 indicators to choose from doesn't matter which ones and I can provide you with dozens of trade setups on any time frame for any pair even usdzar. The charts are useless unless they are used in real time under real conditions with real money. Keep searching but if you need to make money in the mean time go to FXDave's news trading thread. Robert Logged DaveO Hero Member Posts: Logged Get the job right first and the Money will follow.

Prerequisite for trading "My alphabet starts where your alphabet ends" Dr Seuss robl Full Member Posts: DaveO, I am trying my best to be a kinder, gentler Robert. Not an easy task when you are talking to sign posts at times! I tend to forget sign posts have feelings too. Robert Logged DaveL Hero Member Posts: Point trying to be made Any mechanical system will work in the hands of the right trader. It's not what you use but how you use it. Take DaveO's EW analysis as an example although not a system per se Does it make sense to the masses?

Probably not but I guarantee many make a good living using EW. Will EW work for me? No, I stay clear of witchcraft!