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Simple Stochs & OsMA MT4 Trading Strategy Messages in this topic - RSS

Angelus
Angelus
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Posts: 13


26 days ago
Angelus
Angelus
Administrator
moderator
Posts: 13
Hello everyone, the weekend is fast approaching and it's time to relax after such an intense week with everything USD (including the SP500) going up.

I would like to share my MT4 trading strategy; it's very simple, doesn't need any custom indicators, and the best thing is, it's also pretty easy to set up on MT4 mobile. This strategy follows the asset trend and price action and only uses 2 indicators, one for trend (Stochs) and one to get an entry signal (OsMA). It can be used with anything, Bitcoin, Shiba Inu, EURUSD, GBPUSD, Apple, NIO, etc.

Simple as it can be if the Stochs MAIN line is above the SIGNAL line, the trend is up. The opposite for a bearish trend. Then we check with the OsMA to see when the histogram reverses, and enter the market accordingly, with an SL at the previous bar low's. TP, I prefer to use bar close, then look for another instrument to trade. It's easier to see on the image below, EURUSD H4 chart, greens are buy entries, reds are sell entries.

To set up on mobile use Stochs %K period 24, Slowing 1, %D period 168, Price Low/High, MA Method Exponential. Give it whatever colours work best for you. The OsMA (Moving Average of Oscillator) is set to Fast EMA 10, Slow MA 18, MACD SMA 7, Apply to Median Price (HL/2).

At the bottom there's the .tpl file with the template, just apply it to any chart you want on your MetaTrader 4. Comments are most welcome (and questions) and if you would like, share your strategy as well

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