Hey fellow traders!
Today, I’m excited to share my first Expert Advisor (EA) that’s based on the Stochastic indicator. This EA is designed to work on MetaTrader 4 and utilizes three different timeframes to pinpoint the best trading signals.
How It Works
- Buy Signal: When the STO5 indicates a price increase, and both STOm15 and STOm30 are also trending upwards, it’s a good time to consider a buy.
- Sell Signal: Conversely, if the STO5 shows a potential drop, along with falling trends in both STOm15 and STOm30, it’s time to think about selling.
Optimization Tips
For the best performance, I recommend optimizing your EA either weekly or monthly. Keeping your settings fresh is key!
-------------------Version 2------------------------------
Updates in Version 2
We’ve made a few changes to enhance your experience:
- Timeframe settings are now adjustable through variables: sto1, sto, and sto3.
- Always optimize using the M1 timeframe for the best results. You can choose to backtest for either 1 year or 2 years – the choice is yours!
- On the variables k1, k2, and k3, you have the freedom to select your preferred timeframes.
Important Rules
Make sure that K1 < k2 < k3!
You can download the preset settings specifically for EURUSD to get started quickly.
Your Feedback Matters!
If you have any suggestions or ideas to improve this EA, please feel free to reach out. I’d love to hear from you!
Thanks for reading, and happy trading!
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