Description
Stochastic Powerful is an EA configured on FXCE Giga that combines two moving averages (MA) and Stochastic indicators. It trades the GbpUsd pair on the H1 timeframe.
Trading strategy of Stochastic Powerful:
Strategy description:
- Buy Order: MA(50) is above MA(200) and the Stochastic line crosses upwards from the 20 level.
- Sell Order: MA(50) is below MA(200) and the Stochastic line crosses downwards from the 80 level.
- Fixed trading volume is set at 0.02, and the Take Profit is set at 20 pips.
- There is no Stop Loss for each trade; instead, the EA trades using the Dollar Cost Averaging (DCA) algorithm and takes profits based on the average price at the Target Point, which is set at 10 pips profit.
- H1 timeframe.
- Trading session time: 05:00 – 19:00 (GMT+3).
Technical indicators:
- Moving Averages: MA(50) and MA(200).
- Stochastic (8, 3, 3).
Configuring Giga Stochastic Powerful:
Set up Buy entry point.
Set up Sell entry point.
Volume and Take Profit for each trade.
Set up entry time.
Set up DCA.
Features:
- Data Buffer for use in Giga.
- Simple and easy to use.
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