Why do you need any indicators at all, then? There are plenty on your chart. Just read the price! Oscillators are some of the most used indicators in trading.

Straightforward Bands with Stochastic

I annotated some H4 EURUSD charts to illustrate how I would trade this strategy. I’ll post them later.

Straightforward Bands with Stochastic

The trend following signals described in the first post are still valid. When these signals are seen, the market is doing something very different from when the reversal signals are seen.

Straightforward Bands with Stochastic

This strategy as defined so far is good for trend following. I’ve been putting time into examining how it can be extended to address sideways market action as well. At first I thought it would work to think in terms of detecting when sideways action ...

Straightforward Bands with Stochastic

An alternative to trading with an otherwise good broker who doesn’t support trading with MT5 would be to run MT5 to get your trading signals from and manually trade on a platform the broker supports.

MT5 - not Oanda or IG. So who?

Trend-following can be frustrating because market action goes through sideways periods.

1:1 Risk/Reward Frowned Upon?

I wonder why it’s so popular to pursue small short-term profits when the markets offer many opportunities to gain much larger profits with patience.

1:1 Risk/Reward Frowned Upon?

An observation is that very few people follow any system - good or bad - with discipline. They run into situations where their entry signals generate losses (which will happen once in a while with even the best systems) then lose patience and try ...

why do people share profitable systems?

A reason for sharing any system could be that one is looking for feedback to make it better.

why do people share profitable systems?

AI is most powerful when used by people who know how to get a lot out of it. It really does nothing on its own unless we are talking about completely autonomous systems. I do believe AI can be leveraged to help develop excellent trading bots. One ...

ChatGPT Bots and Indicators+

You are onto something for sure, LongHillAve. Any signal will sometimes lead to losing trades. On the other side of things, great entry opportunities can be missed. So far this thread has been defining entry signals but not a full strategy. I ...

Straightforward Bands with Stochastic

It's a simple low/high stochastic.

Straightforward Bands with Stochastic

Yes definitely.

Straightforward Bands with Stochastic

Looks like you've got an excellent 1-minute strategy! "...wait for price to come back and touch the 72bands, but make sure the 12 bands don’t..." - seems really good!

Straightforward Bands with Stochastic

You can see the good entry signals in the latest EURUSD uptrend. 15 Jun 2023. image

Straightforward Bands with Stochastic

In a lot of trends I looked at on 4-hour charts, there are 3 or 4 good signals within each trend. So the EA I've been working on sets MAX_TRADES to 4. Since I'm new to MQL5, I had to do a little research to find simple code that issues an alert just ...

Straightforward Bands with Stochastic

Based on observation on a 4-hour EURUSD chart, I modified the strategy slightly. The edits appear in the first post of the thread, and I'll explain here. First of all, we'll miss a lot of good buy signals if we wait for both Stochastic lines to drop ...

Straightforward Bands with Stochastic

When you get a chance, could you elaborate a little on where your entries were? EDIT: Never mind, now that I'm back on my monitor (not my phone) I can see the green lines where you show your entries. Perfect!

Straightforward Bands with Stochastic

Thank you for taking a close look at this so I have someone to talk to about it!

Straightforward Bands with Stochastic