M cannot be responsible for any losses associated with using any strategy presented on the stochastic site.
The most comfortable level for take-profit is between 1 * SL and.5 *.
Add a Stochastic Oscillator oscillator indicator to the chart, set its K period to 14, D period to 7 and forex slowing to 7, use Simple MA method.Ideally bullish and bearish signals should follow one after another, but due to the occurrence of the false signals (bearish in the lower half and bullish in the upper forex half of the window it is stochastic not always the case.The second one is a bullish signal, forex which turns out to be a wrong pull-back, but, forex fortunately enough, the stop-loss is quite tight here.Discussion: Do you have any suggestions or questions regarding this strategy?Five signals for this strategy can be seen on the example chart above.The final signal is for Short, with tight stop-loss and a lot of place for a rather profitable TP setting.Strategy Set-Up, any currency pair and timeframe should work.The fourth signal is bullish with a stop-loss quite far strategy away, but even the most aggressive take-profit level would work here.The first signal is for a Short position with a close stop-loss; take-profit is achievable here.Stochastic Oscillator Forex trading strategy it's an interesting system with a rather low fail rate.It is not recommended to use this strategy on the real account without testing it on demo first.Enter Short position when the cyan line crosses the red one from above and both are located in the upper half of the indicator's window.All stop-loss levels are marked forex with the yellow horizontal lines on the chart.Take-profit level isn't optimal. That means that you will almost always enter on pull-backs, guaranteeing rather safe stop-loss levels.
The third signal is not a signal actually, because it is a bearish figure cross that appears in the lower half of the window and thus is disregarded.
Only one standard indicator stochastic used.
But longer timeframes are recommended.