M15-30 Strategy – SMA and Stochastic For Everyone!
This strategy is very newbie friendly because it only
uses 2 simple but powerful indicators that are easy to understand!
It is a good start for beginners who want a strategy to comprehend and evolve with.
Video here: https://youtu.be/RXZ2Alz-7t0This is how it works:
Set your time frame to M15.
I prefer USD/JPY and GBP/USD and EUR/JPY. We use SMA 50 for identification of the trend:
Candlesticks should be above the SMA 50 for the trend to be considered an uptrend.
Candlesticks should be below the SMA 50 for the trend to be considered a downtrend.Add Stochastic Oscillator, standard settings (5, 3, 3) and levels 80 and 20.
Price is oversold when Stochastic is near or at 20.
Price is overbought when Stochastic is near or at 80.Call Options:
Find Higher Lows. Look for locations where candlesticks come down and touch
the SMA 50 and confirm that Stochastic is oversold at the same time on the M15 time frame.
If the candle does not break below the SMA after closing, take a 15-30 minute Call Option.Put Options:
Find Lower Highs. Look for locations where candlesticks come up and touch the SMA 50
and confirm that Stochastic is overbought at the same time on the M15 time frame.
If the candle does not break above the SMA after closing, take a 15-30 minute Put Option.** If you have any questions please ask them here or if you just wish to discuss this strategy!
Also let me know how it works for you! Don't forget to watch the video.