The simple system uses a 15 and 30 moving average crossover, and extreme stochastic oscillator levels as confirmation.
Now here are the rules of the system. This is a pretty mechanical system, so you don’t have to think much about the entries or the exits. We go long when the stochastic is oversold, and the 15 moving average crosses above the 30 moving average. We go short when the stochastic is overbought, and the 15 moving average crosses below the 30 moving average. We always trail our stocks to the next conflictive level following the 15 moving average. This means that in a long position, we will always trail our stocks to the next area of support, and in a short position we will always trail our stocks to the next area of resistance.
If price breaks the 15 moving average, we exit the trade. This means that in a long position, if price breaks with the 15 moving average to the downside, we exit the trade, and in a short position, if price breaks with the 15 moving average to the offside, we also exit the trade. There’s one thing you should know. This system can be used in any time frame. And this means that if you’d like to trade a 50-minute charge, and they trade currency fares or stocks, you can do it with this system. And if you like to hold your trades for a long period of time, or the four-hour charge or the daily charge, you can also use the system.
Now here are the rules of the system. This is a pretty mechanical system, so you don’t have to think much about the entries or the exits. We go long when the stochastic is oversold, and the 15 moving average crosses above the 30 moving average. We go short when the stochastic is overbought, and the 15 moving average crosses below the 30 moving average. We always trail our stocks to the next conflictive level following the 15 moving average. This means that in a long position, we will always trail our stocks to the next area of support, and in a short position we will always trail our stocks to the next area of resistance.
If price breaks the 15 moving average, we exit the trade. This means that in a long position, if price breaks with the 15 moving average to the downside, we exit the trade, and in a short position, if price breaks with the 15 moving average to the offside, we also exit the trade. There’s one thing you should know. This system can be used in any time frame. And this means that if you’d like to trade a 50-minute charge, and they trade currency fares or stocks, you can do it with this system. And if you like to hold your trades for a long period of time, or the four-hour charge or the daily charge, you can also use the system.