This Strategy is extremely Simple and very Powerful.
Use it only on DAILY TF to avoid the “noise” that affects Stochastics.
Stochastics give statistically significant Signals whenever the price interacts with one of the three Bollinger Bands.
We BUY when Stochastics make a Bullish Crossover while price is either on the Lower BBand or on the Median. We make sure the last Bearish Candlestick has a spike below its bottom. We place our SL a few pips below the Spike (3-5pips). We STAY IN while Stochastics go UP. We EXIT when Stochastics make a Bearish Crossover and the price has reached the next BBand.
We check to see if there is a spike on top of the previous Bullish Candlestick. If there is, we may want to SELL placing our SL a few pips above the spike. We STAY IN while Stochastics go Down. We EXIT when Stochastics make a Bullish Crossover.