About the Stochastic Oscillator
The Stochastic Oscillator Indicator was developed in the late 1950s by Dr. George Lane . The term stochastic refers to the point of a current price in relation to its price range over a period of time. The stochastic oscillator show 2 lines (Main and Signal line) and s support and resistance level. He is included in Metatrader. The default settings are: K% 5, D% 3 Slowing 3.
Trade logic of this forex robot
The Stochastic Oscillator EA is a forex robot based on the Stochastic Oscillator with its Main Line, Signal Line and the Support and Resistance levels. He included 5 Stochastic based entry and 3 exit strategies.
Entry Strategies:
If you set the Stochastic Level Mode to “Use only buy level” the Sell Entry Level and Sell Exit Levels will be calculated based on the Buy Levels like this:
Sell Entry Level = 100-Buy Entry Level. Sell Exit Level = 100-Sell Entry Level.
The Stochastic Oscillator Indicator was developed in the late 1950s by Dr. George Lane . The term stochastic refers to the point of a current price in relation to its price range over a period of time. The stochastic oscillator show 2 lines (Main and Signal line) and s support and resistance level. He is included in Metatrader. The default settings are: K% 5, D% 3 Slowing 3.
Trade logic of this forex robot
The Stochastic Oscillator EA is a forex robot based on the Stochastic Oscillator with its Main Line, Signal Line and the Support and Resistance levels. He included 5 Stochastic based entry and 3 exit strategies.
Entry Strategies:
- Crossover in Oversold/Overbought Level: Trades if the Main and Signal lines crosses above or below the Support and Resistance levels.
- Main Line BreakIn: Opens a long trade if the Main Line breaks into the above Level. Vice versa for short trade.
- Main Line BreakOut: Opens a long trade if the Main Line breaks out of the above Level. Vice versa for short trade.
- Signal Line BreakIn: Opens a long trade if the Signal Line breaks into the above Level. Vice versa for short trade.
- Signal Line BreakOut: Opens a long trade if the Signal Line breaks out of the above Level. Vice versa for short trade.
- Exit On Crossover: Closes the trade on a crossover of the main and signal lines.
- Main Line BreakThrough: Closes the trade if the Main Line crosses the predefined level.
- Signal Line BreakThrough: Closes the trade if the Signal Line crosses the predefined level.
If you set the Stochastic Level Mode to “Use only buy level” the Sell Entry Level and Sell Exit Levels will be calculated based on the Buy Levels like this:
Sell Entry Level = 100-Buy Entry Level. Sell Exit Level = 100-Sell Entry Level.
