Author: Rafael Maia de Amorim
If you're diving into the world of trading, you might want to check out a nifty system based on three Stochastic indicators across different timeframes. This approach uses two Stochastics to help identify the trend direction based on their position relative to a signal line. The third Stochastic comes into play to spot any crossovers with the signal line, giving you a signal when a bar closes—especially useful if a lower timeframe Stochastic crosses over the medium and higher timeframes in the same trend direction.
One of the great features of this system is that it works seamlessly with the TradeAlgorithms.mqh library, which means you can use Expert Advisors with brokers that offer nonzero spreads. Plus, you have the flexibility to set Stop Loss and Take Profit right when you open your position. If you’re looking for more options, you can grab additional variants of this library here.
For the tests shown below, we utilized the default input parameters of the Expert Advisor. It’s important to note that Stop Loss and Take Profit were not applied during these tests.
This EA originally started out in MQL4 and was first shared on the Code Base back on July 2, 2009.
Fig. 1. Examples of trades on the chart
Here are the testing results for 2015 on AUDUSD across M30, M15, and M5 timeframes:
Fig. 2. Testing results chart
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