Stochastic Strategy using indicator stochastic oscillator and candle pattern. You don’t need download stoch. indicator …you can find it in your MT4 , because it’s mt4 default indicator.
Stochastic can identify overbought and oversold. Idea – when market already oversold or overbought,then we find candle pattern there.
Below you’ll find screen from MT4 chart . and instruction How to trade using this system:
Time Frame H4
SELL when Stoch Overbought + Candle Pattern
Close position – when Stoch cross level 20 without waiting for candle closed.