Ultimate MT4 Stochastic Indicator

Ultimate MT4 Stochastic Indicator

STOCHASTIC TRADING STRATEGY
One of the most important things you need to know is that 20/80 or 30/70 are not the correct levels. They are just recommended levels to look at. Every market has a True Stochastic level which is the one that the market obeys.

As you can see in the image above, the price tends to react to the 93.52% resistance level each time price reaches there. That is more important than the 80% resistance that most strategies tell you about.

Personally, We often lookout for at least 4 big reversals out of the most recent 5 swing highs/lows.

Ultimate Stochastic System can be used on any Forex currency pair and other assets such as stocks, commodities, cryptos, precious metals, oil, gas, etc. You can also use it on any time frame that suits you best, from the 1-minutes through to the 1-Month charts.