This strategy is mostly applied to trading the major currency pairs but can be applied to other assets. Its purpose is to reveal when the trend is most likely to reverse. With the early tip-off, you prepare to change your position.What is the Forex Dual Stochastic Trade?
This strategy is mostly applied to hourly charts, but will also work with daily charts. All you need to do is configure one fast stochastic oscillator and a slower stochastic oscillator. Then, you compare the two stochastics and enter into positions when one chart is showing an overbought market (over 80) while the other shows an oversold market (under 20). This signals that a reversal may be coming up. It’s important to use the strategy in conjunction with other technical indicators.