Double Oscillator Forex Trading Strategy

Learn a simple forex strategy to accurately buy dips in up trends and sell rallies in down trends. This technique can be employed on any currency pair and timeframe starting from 1 hour and above.

Used Forex Indicators: MACD (12,26,2), Stoch (5,3,3)

Timeframe's: 1 Hour and above

Currency Pairs: Any

Strategy Entry Rule

• BUY Rule: Buy if MACD > 0 and Stochastic turns back above 20 from below.
• SELL Rule: Sell if MACD < 0 and Stochastic turns back below 80 from above.

The picture above shows 3 profitable trades and 1 losing trade on the AUD/USD 1 hour chart. Buy dips in up trends and sell rallies in down trends.

Strategy Stop Loss Rule

• BUY: Stop Loss Rule: Place stop loss 3 pips below the most recent support area.
• SELL: Stop Loss Rule: Place stop loss 3 pips above the most recent resistance area.

Strategy Take Profit Rule

• BUY: Take Profit Rule: Risk-to-reward 1:2
• SELL: Take Profit Rule: Risk-to-reward 1:2