The Double Sto Method Uses two stochastic indicators.
The First Sto is set at 5-5-5
The Second Sto is set at 5-3-3
What to look for is both sto's converging in the same direction at the same time with smooth lines. When they began to get erratic its better to lay off the trade and wait for to take off together.
This system takes some pratice but can yeild some pretty good results. When I used them I tended to get out of the trade to early but was usually postive in pips. There is also a tendency to try and guess what the Sto's are going to do. The 80 amd 20 are key areas that the two need to converge together and take off.
Most of the trades are going to be short term because the Sto can travel pretty fast especially on the shorter time frames. It is going to yeild better results on the 1 hour and up time frames.
Always try these methods on a demo first. This system may look like the Holy Grail of trading but some people will excell at it while others fail. Finding a sytem that works and fits your style of trading in most cases is the difference between winning and losing.
If you do give it a shot let us know your results: good or bad..
Dueling Sto Forex Method
Linear Mode
