Stochastics is an Expert Advisor for Forex trading. All operation of the EA is automated and does not require any additional configuration. Settings are optimized for EURUSD H1, it will not work on other currency pairs. The EA is based on two generalized indicators: ROC and Stochastic.
A new buy position is opened when the following conditions are met:
- Oscillator of ROC - changes direction downwards.
- Stochastics - changes direction upwards.
A new sell position is opened when the following conditions are met:
- Oscillator of ROC - changes direction upwards.
- Stochastics - changes direction downwards.
Position closure (exit signal)
- Open positions are closed when reaching 50 points by Take Profit from the latest entry price.
- Amount for a new position = 10 - opening a new position - 10% of the deposit amount (default).
- Maximum position amount = 2 - the maximum lot size (default).
- Amount to add on addition = 1 - increase the lot when a signal in the same direction is received, does not require any settings (not used).
- Amount to close on reduction = 100% - decrease the lot when an opposite signal is received. Does not require any settings (default).
- Stop Loss = 0 - stop loss in points. Distance to fix loss. Does not require any settings (not used).
- Take_Profit = 0 - take profit in points. Distance to fix profit. Does not require any settings (not used).
- Break Even = 0 - breakeven. Does not require any settings (not used).
- Martingale Multiplier = 0 - martingale multiplier. Does not require any settings (not used).
Indicator parameters "Oscillator of ROC"
- First ROC period - the first period of the ROC indicator.
- Second ROC period - the second period of the ROC indicator.
Indicator parameters "Stochastics"
- %K period - period of the fast line.
- Fast %D period - period of the slow averaged line.
- Slow %D period - slowing.
- Level - the indicator level.
Indicator parameters "Take Profit"
- Take Profit = 50 - take profit in points. Distance to fix profit.
- Stop trading at min account = 0 - the minimum deposit value for the EA to close all positions and stop automatic trading (not used).
- Ensure maximum Stop Loss = 0 - set SL to a certain value. The value is in points. Example: 200 means 200 pips for a four-digit broker and 20 points for a five-digit broker (not used).
- Bar closing advance =15 - the number of seconds before the expected bar is closed (not used).
- Write a log file = false - if true, events are written to a file.
- Custom order comment - custom comment.
- Opening a new position - 10% of the deposit.
- Take Profit - 50 points.
- The strategy does not use Stop Loss.
- It is recommended to download the trial version of the EA and to check its efficiency on the EURUSD H1 chart.
- Calculate the deposit based on the tests so that it can withstand a drawdown.
- According to the test results, the EA is not susceptible to news.
Remember: past performance does not guarantee the same results in the future.
1. Внесены изменения в настройках.
2. Добавлена возможность торговли MONEY MANAGEMENT.