thread: Simple daily stochastic system

Hello all. I've got a fulltime job and can simply trade in the evening and this egy I came up together and not sure if anyone else had a thread with this. If they do I apologize.
Ok this is your system.
Set your slow stochastics to 15,5,5. And use the daily time frame. You wont get trades daily on 1 pair but I've been back testing 20 pairs plus it appears very profitable.
Entry Long is when the lines crossover and are below the 50 and on the way up
Entry Short is when the lines cross over and are above above the 50 and on the way down.
I always always always use a target profit of 20 pips without a stop loss. Very very infrequently will not hit your target and if it misses, it always comes back in a few days.
Don't hesitate to post and issues or any improvements with this system.
This is great on any pair.

Ed

I always always always use a target profit of 20 pips without a stop loss. Very very rarely will not hit your goal and if it misses, it comes back in a couple of days.

You'll get hammered, I used to have a system exactly like this in my first couple of months trading, easy to let those losers slide on demo.

Okay
So what sort of profit goal and stopless would you think would be acceptable

It is not about particular stop reduction or take profit size, it is about keeping your risk under control, I would advise no more than 1 percent per trade, so some hunting on the forum, there are tons of threads on this particular subject.

Okay so 1 pip for every signal. It will never have a reduction

No Stop loss? Don't try do this on real account...

Attempt set SL such as at Hi or Low of the day once you get sign and set TP at receptive price SL. So you become at least 1:1 profit/loss ratio.
Tetst system and you're going to see the reality.

I just now read this startigy it had been helpfull for me. I test it in the demo account and also out of 15 only 2 missing... thx alot

Any body here talking this strg.

I examine it many times over 50 occasions with SL 105, it was great indior and simple egy. But it want to encourage it with a different indior to decide the entering stage in 15 05 30 minutes at lest. . And I hope some body can recommend any. .
Good job here,

waiting for playoff

Hmm... I really don't understand can say this is extremely bad system. Maybe danger although not awful.

I'm full time trader. And pls look out for that sort of egy. 20 pips no stop loss and goal?

I learned about system when you put 500 pips stop and leave it for a week you'll earn the money. Nonetheless, it isn't for me...

perhaps you want to take a look at this chart....

This uses macd and stochastics to great advantage