The Sekuntil Stochastic Forex Trading System combines Bollinger Bands with multiple Stochastics Oscillators for anticipating solid breakout trading opportunities in MT4 platforms.
This system applies the Bollinger bands for determining the consolidation ranges of the price. When the price enters sidelined condition by slowing down its movement, the Bollinger bands also start to squeeze to signal a pre-breakout situation of the price.
After the price forms a breakout, we verify the setup by using the stochastics signals of the system. Here you’ll find three types of stochastics oscillators using 8, 20, and 50 %K within Linear Weighted Method to assess potential market swing areas.
Buy Signal Generation with Sekuntil Stochastic Forex Trading System
When the price breaks above the higher Bollinger band, we consider it a bullish breakout. Stochastics 8, 20, and 50 organize their position in ascending order, with their values bouncing upwards from the 20-level means a green signal for going long. Once you activate a long entry, hold it until the market breaks below the lower Bollinger band.
Sell Signal Generation with Sekuntil Stochastic Forex Trading System
While anticipating sell opportunities, make sure the price breaks below the lower Billinger band to plot a bearish breakout. Next, the Stochastics levels should be positioned in a descending order based on their %K level. Also, make sure the stochastics value returns from the overbought zone (80-level). Exit short whenever the market breaks above the higher Bollinger band.
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The Sekuntil Stochastic Forex Trading System reflects a unique trading strategy that offers triple Stochastics confirmation while assessing the market swing areas. Besides, both Bollinger Bands and Stochastics Oscillator offer simple demonstrations of chart signals. As a result, the system becomes more understandable for beginners. However, it provides excellent technical assistance for advanced traders as well. Apart from price breakouts in sidelined markets, you can also apply this system for range trading purposes.