here's a 2 min chart of NQ futures, you can see trade entries
and exits from that 60 Stochastic momo - one could easily scalp
trade all day with futures doing that on short time frames
I'll be making a tradingview chart that I'll share,
again I don't know what rules are fully best so here's what I've
been doing:
when one of the 3 indicators gets oversold I go long. If you
want it more stringent you can wait for two that have to confirm at
once, or you could scale in, for example you have one long entry if
one of the indicators gets oversold, and if another one gets
oversold enter a second contract
selling/exits: one could simply exit when one of the fast
indicators gets overbought again, or one could do a combo where if
you were in more than one contract you exit 1/2 when the indicators
get overbought, then trail a stop at each candle low, which can
sometimes keep you in a trend for a while, but you have a tight
exit
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here's a 2 min chart
SPX 60 Stochastic mean reversion system
Posted by matt on 4th of Apr 2024 at 01:07 pm
here's a 2 min chart of NQ futures, you can see trade entries and exits from that 60 Stochastic momo - one could easily scalp trade all day with futures doing that on short time frames
I'll be making a tradingview chart that I'll share,
again I don't know what rules are fully best so here's what I've been doing:
when one of the 3 indicators gets oversold I go long. If you want it more stringent you can wait for two that have to confirm at once, or you could scale in, for example you have one long entry if one of the indicators gets oversold, and if another one gets oversold enter a second contract
selling/exits: one could simply exit when one of the fast indicators gets overbought again, or one could do a combo where if you were in more than one contract you exit 1/2 when the indicators get overbought, then trail a stop at each candle low, which can sometimes keep you in a trend for a while, but you have a tight exit