Follow Trend Stochastic Oscillator EA

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

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