Xard777 Ma Scalping is fprex strategy based on a complex indicator created by Xard777.
This scalping strategy, traders can utilize a slow stochastic filter to further confirm trade signals. The slow stochastic oscillator is a momentum indicator that compares a security's closing price to its price range over a specified period. It consists of two lines, %K and %D, which oscillate between 0 and 100.
Setup strategy
Time Frame 1 minute or higher.
Currency pairs majors and indices.
Metatrader Indicators 4
3 traffic lights
Xard FX Ma (default setting);
Donchian Channel 100 periods, close.
When incorporating the slow stochastic filter into the strategy, traders can look for the following conditions.
Buy Signal Confirmation
White circle traffic light (preferably at the support line of the Donchian Channel).
Xard FX Ma line indicating the same color.
Stochastic oscillator in oversold territory (optional), followed by the %K line crossing above the %D line and rising above the 60 level.
Both fast and slow moving averages showing a blue color.
Sell Signal Confirmation
Red circle traffic light (preferably at the resistance line of the Donchian Channel).
Xard FX Ma line indicating the same color.
Stochastic oscillator in overbought territory (optional), followed by the %K line crossing below the %D line and falling below the 60 level.
Both fast and slow moving averages showing a red color.
By waiting for the slow stochastic oscillator to confirm the overbought or oversold conditions and its subsequent movement above or below the 60 level, traders can increase the reliability of their trade entries. This additional confirmation helps to reduce false signals and enhances the overall effectiveness of the Scalping strategy.
Examples of trades
Example of trade with stochastic filter.
Download
https://drive.google.com/file/d/1HwUOXjDl1o-x6w7uxsY3BV0-0KeDe2cF/view?usp=sharing
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