Follow Trend Stochastic Oscillator EA
Time Frame: follow chart
1 chart 1 EA, attach to 20+ charts
BUY order condition:
1) Stoch must cross below level 5 first, then rebound and go up....
2) When Stoch cross above 60 (immediately, or at candle closed), open a BUY order (market order).
SELL order condition:
1) Stoch must cross above level 95 first, then retrace and go down....
2) When Stoch cross below 40 (immediately, or at candle closed), open a SELL order (market order).
INPUTS:
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STOCHASTIC OSCILLATOR
K Period = 10
D Period = 1
Slowing = 2
Level = 60
Level = 40
GENERAL INPUTS
Fixed Start Lot = 0.01 (use when Use Auto Lot = false)
Use Auto Lot = true / false
Auto Lot Risk % = 1 (1% risk each trade, lot size calculated below)
If balance = $10000, 1% risk = $100
1) Determine the SL points first, e.g. 120 points ($100 / 120 points = 0.83 lot)
2) Lot size will be 0.83 lot, if hit SL 120 points, it will be equal to 1% risk = $100.
Open Order = Immediately / Candle Close
Slippage = 15
Max Spread (Points) = 20
Take Profit (Point) = 1000
Stop Loss (Point) = 120
Use Trailing Stop = true / false
Trailing Stop Start = 100
Trailing Stop Distance = 30 (100 – 30 = 70) (lock in profit at 70 points and start trailing)
Max Orders All Symbols = 8
Max Positions Same Side USD = 2 (e.g. USDJPY, USDCAD) (AUDUSD, NZDUSD)
Max Positions Same Side EUR = 2 (e.g. EURUSD, EURJPY)
Max Positions Same Side JPY = 2 (e.g. USDJPY, EURJPY, GBPJPY, AUDJPY)
Max Positions Same Side GBP = 2
Max Positions Same Side CHF = 2
Max Positions Same Side CAD = 2
Max Positions Same Side AUD = 2
Max Positions Same Side NZD = 2
Max Positions Same Side SGD = 2
Max Orders for Same Pair = 1
Monday Start Time = 04:00 (start scanning for new orders, if Stochastic Oscillator already below 40 / above 60, do not open order. Wait to meet the open order conditions) (Follow MT4 chart Market Watch time)
Friday End Time = 20:00 (no more open new orders) (Follow MT4 chart Market Watch time)
Magic Number = 27282728
Comment = Follow Trend Stoch
==== END ====
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