Stochastic 7, 3 10 with the trend

Stochastic 7, 3, 10 with the trend is a trend-momentum strategy based on two moving averages and Stochastic oscillator. This strategy is designed for 5min and 15 min chart but works an all time frame.

Time Frame 5 min, 15 min

Currency pairts: any.

Indicators setting

Stochastic oscillator ( 7, 3, 10).

20 EMA, close.

34 EMA close.

Pivot points

Rules Stochastic 7, 3 10 with the trend

Buy

20 EMA above 34 EMA.

Stochastic oscillator crosses upward but below 60 level.

Sell

20 EMA below 34 EMA.

Stochastic oscillator crosses downward but above 40 level.

Exit

5 min time frame 7-12 pips profit target.

15 min time frame 8-20 pips profit target or at the level of pivot points.

Place initial stop loss 7 pips below/above the entry bar.

Stochastic 7, 3 10 with the trend is incredible strategy because works both in trend following and range market.

Below the link for download the template and indicators MT4 of Stochastic 7, 3 10 with the trend.

https://drive.google.com/file/d/0Bwjv2Pbf48itTHRpdEQxcGVaR0E/view?usp=sharing