Visual jforex trailing stop


My main concept though was that we are choosing to trade with the trend and thus we only buying in an uptrend and selling during a downtrend.

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Advanced system #3 (Neat entry: RSI + Full Stochastic

Profits are going to be taken next way:
Option 6 - using Stochastic - with the first Stochastic lines cross above 75 (for uptrend) / below 85 (for downtrend).

RSI and Stochastic indicators can be found on almost any trading platform. The red highlighting we've added to our illustration is not a part of those indicators but rather a visual aid for readers.

Option 7 - using a trailing stop - for an uptrend a trailing stop is activated for the first time when Stochastic reaches 75. A trailing stop is placed below the previous bar's lowest price and is moved with each new price bar.

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So, you would open your charts and:
6. Add study - RSI with settings 8, 85, 75.
7. Add study - Full Stochastic with settings 6, 8, 8.
Horizontal lines can be added afterwards.

However, I would not insist that your theory is wrong. According to the first illustration it might be a profitable trading. I would suggest studying GBP/USD pair to see how much you can rely on such signals you've mentioned.

ok the quesion is
if the price is above 655 SMA = uptrend and RSI Must above 85 & Stochastic lines above 75.. Can we go short

I would not recommend doing so. May be on the current GBP/USD chart it looks OK, but if you, for example, take another currency pair the picture would change. Take a look at EUR/USD pair I've just marked those trading "opportunities".


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