Multiple Time Frame stochastic System For MT4 Intro

Now we have our chart of the United States Dollar versus the Japanese Yen displaying the Multiple Time Frame stochastic System For MT4 trading system which looks similar to other systems having the same concept.

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Considering that you did not face any system similar to the Multiple Time Frame stochastic System For MT4 we will explain that system to you to be able to use it correctly wether you know how to use it or no.

The Multiple Time Frame stochastic System For MT4 is depending on several indicators that are repainting indicators unfortunately, as most of the systems out their are like the Multiple Time Frame stochastic System For MT4 so we do not hate on it, but you just have to know what you will be dealing with specifically.

Now, let us see what is the features or indicators inside the Multiple Time Frame stochastic System For MT4.

The Multiple Time Frame stochastic System For MT4 is using the pivot point so, you need to know that the Multiple Time Frame stochastic System For MT4 is inspired by the genesis matrix system which we spoke about before so, if you have interest in the Multiple Time Frame stochastic System For MT4 and also looking to learn more about the core system that it is inspired from you gotta search up other article about the genesis system.

The Multiple Time Frame stochastic System For MT4 is also using moving average, actually exponential moving average with period 5 and shift 2 which is a typical moving average with HLC/3 settings. Yes, it is the yellow line in the screenshot that we posted in the beginning of that article, you are right.

Then we have the stochastic with settings 11, three, three, and the normal levels zero to 100, and 20 to 80, and then we have another stochastic set up, but this time a period stochastic on the 15 minutes time frame with the same settings of 11, three, three.

Nevertheless, still another two indicators the Multiple Time Frame stochastic System For MT4 is using besides the pivot point and the moving average, and the two stochastics . This two are genesis 2.22 for the hourly frame we assume ( as it is the time frame we loaded the indicator on )

Also, we have the ASCTrend-2TF indicator below the genesis one, so let us move from that point and guide you on how to use the Multiple Time Frame stochastic System For MT4 in the next heading.

How to use Multiple Time Frame stochastic System For MT4

First of all you need to know that the trading using the Multiple Time Frame stochastic System For MT4 starts before the german or euro trading session starts by thirteen minutes and ending after the london time starts by two hours. That means that the Multiple Time Frame stochastic System For MT4 is working on the sessions start and before their start by some few minutes taking the first two hours of every session .

So, that system is depending on the power of the market before the two sessions and after them by two hours average assuming that the price moving fast during these hours. the recommended pairs to trade is the Great British Pound versus the United States Dollar and, or the Euro Versus the Japanese Yen. It is up to you.

The developer of the Multiple Time Frame stochastic System For MT4 sees that the system works very well for him when he is using it on the Euro versus the Japanese Yen. Still, you can use it on the Great British Pound versus the United States Dollar if you wish.

Now, let us move to entry requirements which means we will tell you the rules of opening your trade using the Multiple Time Frame stochastic System For MT4.

If the matrix down below the stochastic changed its color when the candle or the bar closes that gives you the impression that this will be the signa candle noting that this system ( the matrix ) is not a re painting indicator.

The rule number two that the price must move at least in your favor for one pip, the third rule is that if you are using the stochastic , and not ignoring its signals you need at least one of the two attached stochastics to be confirming your direction whether it is a buy or a sell trade.

The system have no clear stop loss instructions so, you need to set up the stop loss by yourself if it is a must for you to use a stop loss nevertheless, you can put it after the last high or low by enough pips distance to not be hit cause of market shadows ( candles tails )

The entry rules are strict as explained so that there is no magic or feelings or sense, that Multiple Time Frame stochastic System For MT4 has the thing we call one plus one equals two.

Now, let us tell you when to close your trades if it is floating yet, and you do not know what to do exactly;

The trades closing is different between trades but usually they split the trades to exit the first one after six pips as profits and the second one after 12 pips, so that means it is a scalping system, but you can continue the trade or leave based on your look to the market and personal analysis. Still, you reverse the trade for sure if the Multiple Time Frame stochastic System For MT4 gave you another signal in the opposite direction.

Multiple Time Frame stochastic System For MT4 Pros & Cons

The advantages I see in the system is that the main thing you depend on to enter or leave your trades is not a repainting indicator so, if you still haven't find your best strategy yet or came here because you need to test that indicator, we think it deserves a test as long as you are still training.

The cons that it needs you always beside the screen second by second in the specified trading hours for that system.

Summary of Multiple Time Frame stochastic System For MT4

There is no much to point our as a summary of the Multiple Time Frame stochastic System For MT4 but as you see you can delete all the other indicators you have and just keep the matrix one. Even the moving average the original poster never used it in his explanations so, try to text it with all the indicators and test it alone with the matrix only and see which will work better for you, and do not forget to check the other systems we reviewed in our website.

About Me

I'm Mike Semlitsch the owner of PerfectTrendSystem.com. My trading career started in 2007. Since 2013 I have helped thousands of traders to take their trading to the next level. Many of them are now constantly profitable traders. 

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