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Entry Hour Stochastic Trader:
The One Hour Stoc Trader uses a simple trigger criteria of: Stochastic rising while in Over-Sold zone (stocval<Stoc_Lo) and specific hour of day for Buy trades; and Stochastic falling while in Over-Bought zone (stocval>Stoc_Hi) and specific hour of day for Sell trades. The one hour chart is used. The algorithm works well, after optimization, for the following currency pairs: EURUSD, GBPUSD, USDCAD, USDCHF, USDJPY, EURGBP and AUDUSD. The following chart shows the Tester performance for the EURUSD currency pair on the 1hr chart for the period Jan 2010 thru Dec 2018.
Author: raposter