New member

Hi friends i am new to traderji i think irs a great site hope to be in touch with all of you friends,bye

simple trading strategy using slow and fast stochastic

simple trading strategy , nifty intraday trading ,time 5min chart, indicator;slowstochastic(9,3,3)and faststochastic(5,3,3),entry rule; buy order on uptrend ,when both stochastic crossed below 20 and then crossed up through to 20, entry rule ;short sell order on downtrend, when both stochastic crossed above 80 and then crossed down back to 80,exit rule;close trade when stochastic line rich the opposite side (80 for buy order, 20 for sell order), advantage;gives quite accurate entry/exit signals in well trending market;disadvantage; needs periodical monitoring, caution;stochastics is suggested to be used with other indicators to eliminate on entering false signal thank u good trading,