BTS Stochastic High Low
This EA adopts the Stochastic indicator to monitor price movements and trades accordingly. It can be used for any currency pair and for any timeframe.
- Long Entry Rule: When Stochastic has crossed low_level downwards, reached lower_level and then crossed back up through low_level.
- Short Entry Rule: When Stochastic has crossed high_level upwards, reached higher_level, and then crossed back down through high_level.
- Exit Rules: Close a trade when Stochastic reaches the opposite side (high_level for long order, low_level for short order).
Default settings use Stochastic(14,3,3) with exponential moving averaging as smoothing, signal line as the indicator, higher_level=90, high_level=80, low_level=20, lower_level=10. These settings are not recommended for all pairs and timeframes. The trader might need to optimize the inputs for desired profitability.