tochastic High-Low - Forex Strategy Resources

Forex systems which follow a indicator that is stochastic monitoring the cost provide some very good tips concerning the situation on industry for traders that are able to see it.
Currency pair: Any.
Timeframe: Any.
Indicator: Comprehensive Stochastic (14, 3, 3)

Entry rules: When Stochastic has crossed below 20, reached 10, after which crossed back up through 20 – set purchase order.
Entry rules: offer whenever Stochastic has crossed above 80, reached 90, and then crossed back off through 80.

Exit rules:close trade when Stochastic lines rich the side that is opposite80 for purchase order, 20 for Sell order).

Advantages: offers quite accurate entry/exit signals in fine market that is trending.

Drawbacks: needs monitoring that is periodical. Stochastic is suggested to be utilized and also other indicators to entering that is eradicated false signals.