The Dual Band Forex strategy with Stochastic works on any currency pair and we recommend to use it on the 4H timeframe.
The Dual Band Forex strategy with Stochastic indicator consists of E-75 (Stochastic and two bands), 1a price action indicator and EMA 20 (median price smoothed).
Dual Band Forex strategy with Stochastic strategy
Buy strategy: When the price of the currency pair broken the lower bands, wait that the price came back. After when the price action indicator draws the blue dot and stochastic indicator crosses upward go buy.
Sell strategy: When the price of the currency pair broken the upper bands, wait till price came back. After when the price action indicator draws the red dot and stochastic indicator crosses downward go sell.
How to download and install an indicator?
In order to install the indicator on your MT4 platform, you need to follow these steps:
- Click on the “Download Indicator” button located at the bottom of the post.
- Save the file to your computer.
- Extract and move the files into MT4>Indicator folder of the MetaTrader4 software file directory.
- Restart your Metatrader platform.
- Navigate to “Indicators.”
- And select the “NAME_template" to apply it on the chart.
Note: This indicator was developed by Adam. AtoZ Markets does not carry any copyrights over this trading tool.