The FSO (Fractal Stochastic Oscillator) system is a trading system that utilizes the Fractal Stochastic Oscillator indicator with parameters 14,3,3 on a 15-minute timeframe (though it can be experimented with on other timeframes). Here are the steps for its usage:
Required Indicator:
- Fractal Stochastic Oscillator 14,3,3 with Simple Moving Average method and Close Field.
Usage Steps:
- Currency/Pair and Time Frame: All currency pairs can be used, with the recommended timeframe being 15 minutes. However, you can try this system on other timeframes if desired.
- Entry Buy:
- A Fractal appears.
- The oscillator is at the level of 20.
- Entry Sell:
- A Fractal appears.
- The oscillator is at the level of 80.
- Exit/Take Profit:
- Take profits ranging from 1-20 pips.
- If there's a signal of a direction change or reversal.
By following these rules, you can enter buy or sell positions according to market conditions and take profits when the target is reached or when there's a signal of a direction change. It's important to test and adjust this system according to your preferences and trading style. Additionally, good risk management is crucial to ensure long-term success.
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