The Stochastic Crossover AutoTrading system provides sophisticated autotrading based on Stochastic Crossovers. This is the first backtestable autotrading product released by FX AlgoTrader. The Stochastic Crossover AutoTrading system can be used for short term scalping or longer term position trades depending on the chart timeframe on which it is deployed.
Stochastics are technical momentum indicators which compare an asset's closing price to its price range over a given time period. Stochastics are oscillators and their sensitivity can be controlled by adjusting the time period or using a moving average of the result.
Stochastics are calulated based on this formula:
%K = 100[(C - L14)/(H14 - L14)]
C = the most recent closing price
L14 = the low of the 14 previous trading sessions
H14 = the highest price traded during the same 14-day period.
%D = 3-period moving average of %K
%K tracks the current rate for the currency pair
%D is a moving average based on the %K line - thus creating a "smoothed" version of %K
The %K line is often referred to as the Fast Stochastic and the %D the slow stochastic.
Crossovers occur when the %K line intersects the %D line.
When the %K line crosses over the %D line, this is viewed as a buy signal.
When the %K line crosses under the %D line, this is viewed as a sell signal.
Divergence refers to the difference between the %K line and the %D line - an increasing divergence can provide a signal of a reversal.
Overbought / Oversold - when the %K line moves above 80 the asset is considered overbought and a reversal is more likely. When the %K line moves below 20 the asset is considered oversold and, equally, a reversal is more likely.
Touch and Printed Entry Option - Entries can be based on 'Touch' (temporary crossovers) or 'Printed' (crossovers have actually happened) crossovers
Fully configurable trading parameters including:-
Email Alerts - traders will be sent an email when stochastics crossover
Push alerts - for traders using MT4 on mobile devices
Configurable High and Low Trigger Zones- the trader can set upper and lower trigger zones as filters for stochastic crossover alerts
Trigger Level Width, Style & Colour - the trader has full control over the look and feel of the trigger zones
Show Crossover Points Option - this allows the trader to physically see where physical crossovers which meet the system criteria have taken place
Crossover Point Colour controls - traders have the option to show crossover points and they can control the type of symbol used to display the crossover point and they can also control its colour
Standard Stochastics control for k Period, dperiod and slowing to allow for fast, slow and custom configurations
Price Field Controls Traders can chose High/Low and Close/Close price calculation options
MA Method Traders can control the Moving Average calculation method used for the Stochastic calculation - options are Simple, Exponential, Smoothed and Linear Weighted
Alert Sounds - Traders can set an alert sound based on any wav file stored in an accessible area on the machine
Profiles - The unique FX AlgoTrader Java interface allows traders to be able to save specfic profiles and very quickly re-load and apply them to any chart to allow autotrading based on Stochastic Crossovers
Pop Alert Supression Option - Traders can suppress the Java alerts interface pop up which is useful in scalping / high frequency trading scenarios
BackTesting Option - The Expert Advisor can be used with the MT4 Strategy Tester for parameter and strategy testing and optimsation
|Ultra fast config changes, control of multiple charts from the JavaFX interface, the ability to play long duration wav files within indicators without clipping, sophisticated alert module which can be sorted, customized and inspected at any time|
|Easy Installation - no MT4 license management and no Windows UAC issues|
|Faster load time compared to standard FX AlgoTrader MT4 specific products|
|Email alerts and push notifications (where specified) - reduces screentime and allow the market to come to you!|
|Profile options to allow traders to deploy their own custom indicator settings within a couple of mouse clicks|
|Auto chart sensing - click on a chart and the interface will load the configuration automatically!|
High frequency trading / scalping on M1 timeframe on EURUSD
Back Test Results from 01/03/2019-31/03/2019 EURUSD M1 TimeFrame - Settings shown in screenshot below
01/03/2019-31/03/2019 EURUSD M1 TimeFrame Backtest settings
01/04/2019-30/04/2019 EURUSD H1 BackTest (request backtest report for settings)