Double Smoothed Stochastic Scalping

 Double Smoothed Stochastic Scalping

Stochastic forex strategy

Time Frame 5min or
higher,

Currency pairs, Majors

Indicators:

Double Stochastic smoothed, (level 40, 60),
with 12 LWMA

FDM Buy Sell Pressure

Pivot

Rules very simple

Long Entry

Stochastics is greater than the LWMA clearly.

FDB
Buy Sell Pressure is green

Short Entry

Stochastics is less than the LWMA clearly.

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FDB Buy Sell Pressure is Red

Exit Position

On the levels
pivots point.

Profit Target predetemined
(
6-12 pips depends on the currency
pair for 5 min setup, 9-18 pips depends on the currency pair for 15 min setup);

Stop Loss : 5 pips above or below the bar of entry

 

 

In the pictures Double Smoothed Stochastic Scalping
in action.

 
 
 

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strategy.

  • Platform: Metatrader4
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • How to install MT4 indicator?
  • 1. On the desktop, double-click to open the MT4 trading platform software you installed.
  • 2. Click on “File” – “Open Data Folder” in the upper left corner, double-click the MQL4 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT4, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window
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