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REGISTER PARTICIPANTS Expert Bts Stochastic High Low Mt4

Discussion in 'Forex Market MQL5' started by James Goldman, Sep 9, 2020.

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  1. James Goldman

    James Goldman Moderator
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    #btsstochastichighlow

    bts-stochastic-high-low-logo-200x200-8227.png

    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.

    Strategy
    • 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.

    bts-stochastic-high-low-screen-4789.png

     

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