Forex Strategy from Qwerty - Was based strategy 4H Fibo + MTF MA, but this reduced the value of the vehicle stop-loss and only one indicator: Stochastic (5,3,3), although its value is to be taken into account in the 5 time -freymah: M5, M15, M30, H1 and H4, this forex strategy worked well when trading currency pairs: GBPUSD, EURUSD, GBPJPY, EURJPY. Other currency pairs can also be used, but the price is behaving less predictable and not very suitable for this strategy.
Here is the text of forex strategy, which sent me a user Qwerty (for which he had to express my gratitude!):
This forex strategy works well in flat and the trend, as Stochastic on the flat just perfect work, a trend Stochastic Oscillator also performing well, but use it only against the trend is dangerous.
And so on the set schedule for the chosen currency pair Stochastic Oscillator indicator (5,3,3), which is present in any trading platform Metatrader 4 and set it levels overbought / oversold - 20 and 80, and optionally add a level of 50 (for clarity, the direction of trade ).
Or, for the convenience of monitoring the Stochastic indicator can be used + Stochastics (MTF_for M5) .ex4 in the promptness with the usual Stochastic (co-use them, you will see all time-frames Stochastic on the same graph). For ease of installation of this indicator Metatrader 4, I recommend vospolzovatsyashablonom for MT4 (you can download it at the end of forex strategy).
Conclusion of forex transactions Strategy from Qwerty (by the example of a deal to buy the currency pair GBPUSD):
1) Check the reading on the stochastic timeframes M5, M15, M30, H1 and H4. Eslistohastik on all time frames is in the overbought or oversold, so soon will turn prices lower time frames H4. But it will only proceed in the movement direction D1 or H4 interval.
Therefore you must go to the H4 interval and build Fibonacci levels in the direction of the trend is clearly expressed at the last movement (in which the defined minimum and maximum is present).
