Simple Stochastic + Awesome System (Help needed)
Here is a little system that I tried to do but it’s not working. Can someone could take the time to find my mistakes and correct it so I (we) can learn.. I taugh I was able but it seems that I’m not…
It’s not generating trades, and creating only yellow dots when applying a signal indicator (made by EA wizard)
Enter long after Stochastic (10,3,3) crosses 60 up
Enter short after Stochastic (10,3,3) crosses 40 down
Stop order is placed 1 pip above the high of the candle (for long) and 1 pip below the low of the candle (for short)
Exit when Awesome Oscillator makes one bar in opposite direction of the trade
(if long, Awesome create a red bar ‘â€œ exit trade when the bar is closed¦. Short ‘â€œ green bar)
there were few mistakes in your strategy:
1. the stop price was incorrect, you use Highest/Lowest of 1 bar, you should use Hight or Low instead.
2. in the short exit condition you had check for Long position (instead of short).
I’m sending corrected strategy.
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