StoCycle Indicator MT4

Description

StoCycle Indicator MT4: A Trend-Following Scalping Strategy

Overview

The StoCycle Indicator MT4 is a powerful tool designed for scalping in the foreign exchange (forex) market. It combines two essential indicators to identify trends and cycles, allowing traders to make informed decisions. Below are the key details:

1. Minimum Deposit: To get started with the StoCycle strategy, a minimum deposit of $500 is recommended. This ensures sufficient capital to withstand market fluctuations and execute trades effectively.
2. Timeframes: The StoCycle strategy works best on the following timeframes:
   • M5 (5-minute chart)
   • M15 (15-minute chart)
   • H1 (1-hour chart)
3. Currency Pairs: The strategy is applicable to the following currency pairs:
   • EURUSD
   • GBPUSD
4. Platform: Traders can use the MetaTrader 4 (MT4) platform to implement the StoCycle Indicator. MT4 provides a user-friendly interface, advanced charting tools, and efficient order execution.

How the Strategy Works

The StoCycle Indicator MT4 combines two crucial components:

1. Trend Indicator (I-High Low Middle):
   • This indicator identifies the prevailing trend direction.
   • When the price is above the green line of the I-High Low Middle indicator, it suggests an uptrend.
   • When the price is below the green line, it indicates a downtrend.
2. Cycle Indicator (StoCycle):
   • The StoCycle indicator detects market cycles.
   • Buy and sell signals are generated based on the color of the StoCycle disc:
     • Buy Entry: StoCycle disc is dodger blue.
     • Sell Entry: StoCycle disc is pink.

 

Trade Execution

Here’s how the EA (Expert Advisor) using the StoCycle Indicator takes trades:

• Buy Entry:
  • StoCycle disc turns dodger blue.
  • Price is above the green line of I-High Low Middle.
  • Execute a buy order.
• Sell Entry:
  • StoCycle disc turns pink.
  • Price is below the green line of I-High Low Middle.
  • Execute a sell order.

Risk Management

• Take Profit (TP):
  • Determine the TP based on the timeframe:
    • 15 minutes: EURUSD (8 pips), GBPUSD (10 pips)
    • 30 minutes: EURUSD (11 pips), GBPUSD (14 pips)
    • 1 hour: EURUSD (14 pips), GBPUSD (16 pips)
    • 4 hours: EURUSD (16 pips), GBPUSD (18 pips)
    • Daily: EURUSD (35 pips), GBPUSD (40 pips)
• Stop Loss (SL):
  • Set SL at 3 pips above or below the entry bar.

Strategy Type

The StoCycle Indicator MT4 follows a scalping strategy:

• It aims for quick profits by capitalizing on short-term price movements.
• It is not a martingale or hedging strategy.

Telegram and Download Links

• Join our Telegram channel for real-time updates: https://t.me/yoforexrobot
• Download the EA from our website: https://yoforex.org/product/stocycle-indicator-mt4/

 

Remember to practice proper risk management and thoroughly test the strategy on a demo account before trading live.

 

 📈🤖Happy Trading 📈🤖