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:
- 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.
Expert features: Determine the timing of the expert work Full control of the stochastic indicator Possibility to activate or disable the option of complications Possibility to set saturation levels It works on the broker 4 or 5 decimal numbers
EnableTimeFilter: Enable the EA's timing filte r
Start_Hour: The timing of the start of the expert adviso r
End_Hour: The timing of the end of the expert advisory
Lots: the size of the lot
MoneyManagement: Activate the capital management
Enable or disable multipliers option Multiplier: Multiplier factor
Step: The distance between multiples in points
UseAverageTP: Activate the option to use average target for all multiples
Av_TP: total average goal score
StopLoss: stop the loss of the main deal in the event of disabling complications
TakeProfit: The target for the main deal in case the complications are disabled
MagicNumber: Magic NumbER
Parameters:
EnableTimeFilter=false
MaxTrades=0
Enable_Multiplier=true
Multiplier=1
Step=100
UseAverageTP=true
Av_TP=10
TakeProfit=50
