Stochline
- Experts
- Tomas Bystriansky
- Version: 1.1
- Updated: 31 August 2020
- Activations: 10
This EA is based on the overbought and oversold market, combined with the horizontal lines placed in support/ resistance areas. The lines don't have to be put manually on the chart, but you can also use any type of indicator that contais the lines (for example, Fibonacci, Pivot indicators and others)
Trading is automatically triggered, once Stochastic is in the zone of overbought/oversold area, at the same time as the price indicator crosses the line. This is a fully automatic EA with many settings options. (See screenshot) Info panel got the options On/Off- Trading and On/Off- Buy/Sell positions.
You can apply it to any TF you wish. It’s usable for the whole Forex market as well as for any other markets.
Here is Gridline which is suitable for Stochline ....best set for Gridline is 100points for scalping and clasic about 1600points (for EURUSD)
Settings:
-Time mode
-Timeframe
-Stochastic settings
-Entry by Lines
-Tolerance of Lines
-Max.spread in points
-Only one trade
-Close on the opposite signal
-Another in the same direction
-Max.Drawdown
-Risk in % from account
-TP+SL+Breakeven+Trailing+Martingale
-and more...