About the Stochastic Oscillator
The Stochastic Oscillator Indicator was developed in the late 1950s by Dr. George Lane . The term stochastic refers to the point of a current price in relation to its price range over a period of time. The stochastic oscillator show 2 lines (Main and Signal line) and s support and resistance level. He is included in Metatrader. The default settings are: K% 5, D% 3 Slowing 3.
Trade logic of this forex robot
The Stochastic Oscillator EA is a forex robot based on the Stochastic Oscillator with its Main Line, Signal Line and the Support and Resistance levels. He included 5 Stochastic based entry and 3 exit strategies.
- Crossover in Oversold/Overbought Level: Trades if the Main and Signal lines crosses above or below the Support and Resistance levels.
- Main Line BreakIn: Opens a long trade if the Main Line breaks into the above Level. Vice versa for short trade.
- Main Line BreakOut: Opens a long trade if the Main Line breaks out of the above Level. Vice versa for short trade.
- Signal Line BreakIn: Opens a long trade if the Signal Line breaks into the above Level. Vice versa for short trade.
- Signal Line BreakOut: Opens a long trade if the Signal Line breaks out of the above Level. Vice versa for short trade.
- Exit On Crossover: Closes the trade on a crossover of the main and signal lines.
- Main Line BreakThrough: Closes the trade if the Main Line crosses the predefined level.
- Signal Line BreakThrough: Closes the trade if the Signal Line crosses the predefined level.
Stochastic Level Mode
If you set the Stochastic Level Mode to “Use only buy level” the Sell Entry Level and Sell Exit Levels will be calculated based on the Buy Levels like this:
Sell Entry Level = 100-Buy Entry Level. Sell Exit Level = 100-Sell Entry Level.
All versions have variable Magic Number, Take Profit, Stop Loss, Lot Size and Slippage.
|5 Entry Strategies|
|Trade on new Bar|
|MA Trend Filter|
|3 Exit Strategies|
|Reverse On Opposite Signal|
- You can install the product on limitless demo and live accounts.
- Note that this Expert Advisor does not draw any indicator on the chart.
- You do not understand all the functions? Take a look at our function glossary.
- The license of every product you download is time limited, but you can re-download newer versions any time in your purchase history.
MT4 Basic v2.00
MT4 Advanced v2.00
MT4 Pro v2.00
Sep 22, 2016:
Added: Has now 5 Entry Strategies
Added: Has now 3 Exit Strategies (Advanced and Pro)
Added: Reverse On Opposite Signal (Pro version)
May 24, 2016:
Added: Exit Strategy in Advanced and Pro version
Added: Stochastic Level Mode
Jan 13, 2016:
Minor updates and fixes in all MT4 versions
added: ATR Trail to MT4 Pro version
Mar 17, 2015:
Initial release MT4 Pro
Apr 11, 2015:
Some improvements in all MT4 versions Added “Max once per Bar” function to all MT4 Advanced and Pro versions
Feb 07, 2015:
Initial release MT4/MT5 Basic and Advanced
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