FxGhani RSI + Full Stochastic Strategy ( Advance ). - FxGhani Trading Learning Place
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FxGhani RSI + Full Stochastic Strategy ( Advance ).


Time Frame: Daily
Currency: Any
Indicators: SMA (150), RSI (3), with horizontals lines at 80 and 20. Full Stochastic (6, 3, 3) with horizontal lines at 70 and 30.

Rules:
*Entry for uptrend: when the price is above 150 SMA look for RSI to plunge below 20. Then look at stochastic-once the stochastic lines crossover occur and it is (must be) below 30 enter long with a new price bar. If at least one condition is not met stay out.

Opposite for downtrend: when the price is below 150 SMA look for RSI to plunge above 20. Then look at stochastic-once the stochastic lines crossover and it is above 70 enter a short with a new price bar.

Protective stop is placed at the moment of entry and is adjusted to the most recent swing high/low. Profits are going to be taken next way:

*Option 1: using stochastic with the first stochastic lines cross above 70(for uptrend)/below 30 (for downtrend).
*Option 2: using trailing stop for an uptrend a trailing stop is activated for the first time when stochastic reaches 70. A trailing stop is placed below the previous bar´s lowest price and is moved with each new price bar.

FxGhani RSI + Full Stochastic Strategy ( Advance ).

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