TST Indicator with Stochastic Intraday System For MT4
Table Of Contents:
- TST Indicator with Stochastic Intraday System For MT4
- The TST Indicator with Stochastic Intraday System For MT4 – Long positions
- The TST Indicator with Stochastic Intraday System For MT4– Short positions
- Is the TST Indicator with Stochastic Intraday System For MT4 profitable?
Please note: This strategy was publicly published in the trading community and is free to use. We do NOT make an attempt to decide if this strategy is profitable or not, because we know that the major factors regarding trading results are the skills/experience of the trader who executes the strategy. Therefore, we are mainly explaining the components and rules of the strategy. If applicable, we are highlighting advantages, disadvantages and possible improvements of the strategy.
The TST Indicator with Stochastic Intraday System For MT4 is a Rather incomplete forex trading system. This is due to the fact that the indicators used in this trading system do not work with the current trading terminal. Also, despite this fact, the indicators are very well active when you load the trading template. Therefore, at the end, what you're left with when using the TST indicator with stochastics intraday system is simply the stochastics oscillator that works.
There are a couple of indicators that still work as mentioned earlier. However, these indicators do not add any value to the Trading system. therefore, what you're left with is merely a bunch of gibberish on the price chart. As you can see, on the top left corner you have the comments which give you some information and similar view can be found on the right side of your chart. However, if you closely observe these comments, they do not add any valuable information.
As a result, what traders are left with is a trading system that is incomplete with only one indicated that can be used. This is a point where traders need to ask themselves whether they would want to continue using this rather incomplete trading system. Trading simply with the stochastics oscillator does not offer you great results, which is a well known fact. Unfortunately, in this case, the TST indicator with stochastics intraday system does exactly that.
Furthermore, despite the fact that the TST indicator with stochastics intraday system does not load all the indicators, the trading template is unusually heavy. You will notice that your trading template will freeze for a considerable period of time when loading the template or even when moving between different chart time frames.
The TST indicator with stochastics intraday system comes with around three different templates. However, none of these templates work as they should be.
Let's now take a look at how you can trade long and short positions using the TST indicator with stochastics intraday system for MT4.
The TST Indicator with Stochastic Intraday System For MT4 – Long positions
In order to take a long position using the TST indicator with stochastics intraday system, traders should look for signs of a bullish move in the markets. This can be deciphered by looking at the way the stochastics oscillator is position. You should ideally see the stochastic signal line and the percent K line to make a bullish crossover from the oversold levels.
As shown in the charts, for the long position, we have the red dashed line and the green stochastics line making a bullish crossover. Upon this, you can take a long position at market. You can set your stop loss to the low of the previous candlestick.
For your take profit levels, make use of a fixed risk to reward ratio and set your take profit level accordingly. We recommend that you should closely observe your trades in order to exit the position in case price action reverses back. Also keep an eye on how the stochastics oscillator is evolving in order to keep an eye on the momentum in the markets.
The TST Indicator with Stochastic Intraday System For MT4– Short positions
In order to take a short position using the TST indicator with stochastics intraday system, traders should look for signs of a bearish move in the markets. This can be deciphered by looking at the way the stochastics oscillator is position. You should ideally see the stochastic signal line and the percent K line to make a bearish crossover from the oversold levels.
As shown in the charts, for the short position, we have the red dashed line and the green stochastics line making a bearish crossover. Upon this, you can take a short position at market. You can set your stop loss to the high of the previous candlestick.
For your take profit levels, make use of a fixed risk to reward ratio and set your take profit level accordingly. We recommend that you should closely observe your trades in order to exit the position in case price action reverses back. Also keep an eye on how the stochastics oscillator is evolving in order to keep an eye on the momentum in the markets.
Is the TST Indicator with Stochastic Intraday System For MT4 profitable?
Although quite a few indicators do not work with the TST indicator with stochastics introduce system, the fact remains that the template is very heavy. Therefore, when you load the template for the very first time or every time you wish to change the charts, it will take a couple of minutes for the template to load. We find this to be very frustrating due to the fact that despite the amount of time it takes to load the template, some of the indicators still do not work.
As a result, the TST indicator with stochastics intraday system is a poorly built forex trading system. At the very best, it might have been possible that this trading system was working in the past but now it does not. This is due to the fact that some of the indicators are not compatible with the latest trading terminal.
Therefore, it is up to the trader to realize whether they want to continue using this trading system or not. As we have demonstrated, there is only one indicator that actually shows some values on the price chart. Trading with just this indicator can prove to be dangerous as the success of trading cannot be guaranteed.
Based on the above, we come to the conclusion that the TST indicator with stochastics intraday system is a trading system that you could ignore. We certainly do not recommend that beginners should make use of this trading system at all. For professional traders who are interested, you could try to customize the trading system based on the only one indicator that works. But having said that, the TST indicator which stochastics intraday system he certainly not worth your time.
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