Hello ,
My dear friends i won Strategy Contest month December 2023. I have 2nd place. I feel very lucky because i won Strategy contest . I hope it will be done in next month Inshah Allah.I used Stochastic RSI indicator in my wining strategy this is very easy to use and make perfect scalping strategy. main thing is this strategy i set take profit 3 pips because it is very easy to touch if you set long take profit may be your take profit not to touch and price go near your take profit and move back and not to touch your take profit. Now i want to tell you about my strategy in this blog how it work
Main Point
Trading Instruments : GBP/USD
Trading Lot: 10M
Take Profit: 3 pips
Stop Loss: without limit (0)
Indicator: Stochastic RSI
How This Strategy Work
buy trade1 . stochRSI crossover on 4 hourly time frame should generate a buy signal fast k should cross above fast D2. On 15 time frame fast K should cross above fast D3. K`s value should be below 204. crossover should happen during current candle .Sell trade1. stochRSI crossover on 4 hourly time frame should generate a sell signal fast K should cross below fast D2. On 15 time frame fast K should cross below fast D3. K`s value should be above 80. crossover should happen during current candle .
Stoch RSI brief summary
it is working with price oversold below 20 and price overbought above 80
STOCH RSI setting
Close price
Time Period 14
fast % K period 5
fast % D period 3
Fast% D mat type SMA
I always use small take profit because it is very easy to touch you can see in this strategy i set take profit only 3 pips and my strategy complete 45 orders and all orders done with profit .Stochastic RSI Indicators is best indicator this is very easy to set and you can get good result. I hope you like my strategy .thanks to all .
My dear friends i won Strategy Contest month December 2023. I have 2nd place. I feel very lucky because i won Strategy contest . I hope it will be done in next month Inshah Allah.I used Stochastic RSI indicator in my wining strategy this is very easy to use and make perfect scalping strategy. main thing is this strategy i set take profit 3 pips because it is very easy to touch if you set long take profit may be your take profit not to touch and price go near your take profit and move back and not to touch your take profit. Now i want to tell you about my strategy in this blog how it work
Main Point
Trading Instruments : GBP/USD
Trading Lot: 10M
Take Profit: 3 pips
Stop Loss: without limit (0)
Indicator: Stochastic RSI
How This Strategy Work
buy trade1 . stochRSI crossover on 4 hourly time frame should generate a buy signal fast k should cross above fast D2. On 15 time frame fast K should cross above fast D3. K`s value should be below 204. crossover should happen during current candle .Sell trade1. stochRSI crossover on 4 hourly time frame should generate a sell signal fast K should cross below fast D2. On 15 time frame fast K should cross below fast D3. K`s value should be above 80. crossover should happen during current candle .
Stoch RSI brief summary
it is working with price oversold below 20 and price overbought above 80
STOCH RSI setting
Close price
Time Period 14
fast % K period 5
fast % D period 3
Fast% D mat type SMA
I always use small take profit because it is very easy to touch you can see in this strategy i set take profit only 3 pips and my strategy complete 45 orders and all orders done with profit .Stochastic RSI Indicators is best indicator this is very easy to set and you can get good result. I hope you like my strategy .thanks to all .