![]() When I started describing the robot, I mentioned that it is written in an original style. After you open a trade, place firm Stop Loss and Take Profit levels then things will depend on the market solely. Instead, the robot uses the direction of the indicator line: analyzing it for the current moment, it defines the direction of trading. How the Stochastic expert advisor worksÄescribing the oscillator, I mentioned the overbought and oversold areas however, the expert advisor does not use them. ![]() However, the speed of reaction depends on the settings of oscillators, any of them may be set up to give much rarer signals. The Stochastic is an oscillator: this group differs from other indicators in the sense that they react to price changes in the market very fast. The indicator is based on overbought and oversold areas that give trading signals. How to Use Stochastic Oscillator? Description and Trading with the Indicator
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