Double Stochastic 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.
 
 
Please note:
Purchasing this Double Stochastic EA Does NOT grant you FULL ACCESS to the Code and Parameters.
 
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.