Double Stochastic EA Expert Advisor for Metatrader4
Description: The Double Stochastic Expert Advisor (EA) is designed to identify profitable trading opportunities by using two stochastic oscillators—a "small stochastic" and a "big stochastic." The strategy involves entering trades when specific conditions are met on both stochastic oscillators and exiting trades based on signals from the big stochastic oscillator.
Key Characteristics
Platform: Metatrader4
Currency Pairs: GBP/USD, USD/JPY, XAU/USD (Gold)
Trading Time: 24/7
Timeframe: H4 (4-hour)
Features: Take Profit (T/P) and Stop Loss (S/L) capabilities
Trading Strategy
Entry Rules:
Small Stochastic: Enter a trade when the main line crosses the signal line.
Big Stochastic: The signal from the small stochastic must be confirmed by the big stochastic, where the main line is above/below its signal line.
Order Accumulation: The EA can accumulate orders each time there is a new buy/sell signal.
Exit Rules:
Opposite Signal: Exit the trade when there is an opposite signal on the big stochastic oscillator only.
Back-testing Performance
Testing Period: 2013-2017
Currency Pair: XAU/USD (Gold)
Timeframe: H4
Results: The back-tests for XAU/USD (Gold) during this period showed excellent performance, demonstrating the effectiveness of the EA, especially on the H4 timeframe.
Advantages
Combines Multiple Signals: Utilizes both a small and big stochastic oscillator for confirmation, which reduces false signals.
Accumulates Orders: Ability to accumulate orders allows for potentially higher profits during strong trends.
Versatile: Suitable for major currency pairs and gold, making it a flexible tool for different markets.
24/7 Trading: Can be used around the clock, providing continuous monitoring and trading opportunities.
Setup and Usage
Install the EA on your Metatrader4 platform.
Select the currency pair (GBP/USD, USD/JPY, or XAU/USD) and set the chart to the H4 timeframe.
Configure the settings:
Adjust the parameters for the small and big stochastic oscillators if necessary.
Set your desired Take Profit (T/P) and Stop Loss (S/L) levels.
Activate the EA and let it monitor the market and execute trades based on the defined strategy.
Conclusion
The Double Stochastic Expert Advisor offers a robust strategy for forex and gold trading, utilizing the combined signals of two stochastic oscillators to confirm entries and exits. With proper setup and risk management, it can be a valuable tool in a trader's arsenal, providing consistent performance, especially on the H4 timeframe.
You may buy this awesome Double Stochastic EA just only for 5.75$.
For full access, including codes and parameters, click on Double Stochastic EA to purchase it.
RISK DISCLAIMER:
The application shown on this page does not consider your personal circumstances and trading objectives. Therefore, it should not be seen as a personal recommendation or investment advice. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, methods, expert advisors (EAs), scripts and/or indicators will lead to profits or prevent losses.