Hey everyone, this is one strategy that I have found profitable over time. It is a multiple time frame strategy that utilizes 3 time-frames. Highest time-frame is the trend, medium time-frame is the momentum and short time-frame is the entry point.
Long Term: - If closed candle is above entry then we are looking for longs, otherwise we are looking for shorts
Medium Term: - If Stoch SmoothK is above or below SmoothK and the momentum matches long term trend then we look for entries.
Short Term: - If a moving average crossover(long)/crossunder(short) occurs then place a trade in the direction of the trend.
Close Trade: - Trade is closed when the Medium term SmoothK Crosses under/above SmoothD.
You can mess with the settings to get the best Profit Factor / Percent Profit that matches your plan.