↩ back

Stochastic Oscillator EA

Free Expert Advisor for Metatrader 5

Stochastic Oscillator EA screenshot

Download the free Stochastic Oscillator EA for Metatrader 5

More about the Stochastic Oscillator indicator

The Stochastic Oscillator indicator was developed in the late 1950s by Dr. George Lane . The term stochastic refers to the point of a current price in relation to its price range over a period of time. The stochastic oscillator show 2 lines (Main and Signal line) and s support and resistance level. He is included in Metatrader 5. The default settings are: K% 5, D% 3 Slowing 3.

The trading logic of this forex robot

The Stochastic Oscillator EA is a forex robot based on the Stochastic Oscillator indicator with its Main Line, Signal Line and the Support and Resistance levels. He includes 5 entry strategies and 3 exit strategies.

Entry Strategies

  • Crossover in Oversold/Overbought Level: Open a position if the Main and Signal lines crosses above or below the Support and Resistance levels.
  • Main Line BreakIn: Opens a long position if the Main Line breaks into the above Level. Vice versa for short position.
  • Main Line BreakOut: Opens a long position if the Main Line breaks out of the above Level. Vice versa for short position.
  • Signal Line BreakIn: Opens a long position if the Signal Line breaks into the above Level. Vice versa for short position.
  • Signal Line BreakOut: Opens a long position if the Signal Line breaks out of the above Level. Vice versa for short position.

Exit Strategies

  • Exit On Crossover: Closes the position on a crossover of the main and signal lines.
  • Main Line BreakThrough: Closes the position if the Main Line crosses the predefined level.
  • Signal Line BreakThrough: Closes the position if the Signal Line crosses the predefined level.

Stochastic Level Mode

If you set the Stochastic Level Mode to “Use only buy level” the Sell Entry Level and Sell Exit Levels will be calculated based on the Buy Levels like this:Sell Entry Level = 100-Buy Entry Level. Sell Exit Level = 100-Sell Entry Level.