EXPERT ADVISOR

Expert Advisor "e-3stochastic" Introduction

Expert advisor "e-3stochastic" based on tree stochastic oscillators and generate buy/sell signals according the superpositions of oscillators with different parameters. This expert advisor can be use with ECN brokers (market execution) and dealing desk brokers (instant execution) as well.

MarketExecution = false/true

You can use this expert advisor with 4 and 5 digits brokers.

AccDigits =4/ 5

Expert Advisor has build-in  adjustable  StopLoss and takeProfit
StopLoss = 250;
TakeProfit = 100;

Expert advisor "e-3stochastic" Conception

Expert Advisor will open Buy position if:
(1) (Stochastic1 main line crosses Stoch1.OversoldLevel up)
(2) and (Stochastic2 main line below Stoch2.OversoldLevell)
(3) and (Stochastic3 main line below Stoch3.OversoldLevel)

Expert Advisor will open Sell position if
(1) (Stochastic1 main line crosses Stoch1.OverboughtLevel down)
(2) and (Stochastic2 main line above Stoch2.OverboughtLevel)
(3) and (Stochastic3 main line above Stoch3.OverboughtLevel)
Conditions (2) and (3) are optional.
Close orders on SL, TP, reversed signal.

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Stochastic Indicator Explanation

Stochastic Indicator was developed by George C. Lane in the late 1950s. The Stochastic Oscillator is a momentum indicator that shows the location of the close relative to the high-low range over a set number of periods. According to an interview with Lane, the Stochastic Oscillator "doesn't follow price, it doesn't follow volume or anything like that. It follows the speed or the momentum of price. As a rule, the momentum changes direction before price." As such, bullish and bearish divergences in the Stochastic Oscillator can be used to foreshadow reversals. This was the first, and most important, signal that Lane identified. Lane also used this oscillator to identify bull and bear set-ups to anticipate a future reversal. Because the Stochastic Oscillator is range bound, is also useful for identifying overbought and oversold levels.Stochastic Divergence

Calculation