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Stochastic Oscillator is a well-known technical indicators that tries to locate areas of oversold (OS) and overbought (OB) in the market. Like many other oscillators it could be a profitable indicator when the market is in the range mode or rather sideways. I was asked by one of my students to develop an Expert Advisor (EA) that enters/exits trades based on this oscillator. I did the job and also thought it would a good idea if I share the outcome with you.

I have devloped two versions of the EA. The first EA considers crosses from the OS/OB lines only. In other words if the Stochastic line goes above the OB line and then crosses below the line it enters a short trade. I call this EA "stoch_cross". Here are some of the features of this EA.

• The EA opens one trade at a time.
• If the direction of the market changes the EA closes the previous trades and enters a new trade in the new direction
• The EA is compatible with the 5th digit trading platforms
• The EA is compatible with those platforms that do no let you place SL/TP at the same time as placing an open trade request
• The EA trades based on the main Stochastic line

Click here to download "stoch_cross".

The other version of the EA called "stoch_touch" may also enter a trade if the Stochastic line either crosses or touches and bounces back on one of the extreme lines. Other specifications are similar to those mentioned above. Click here to download "stoch_touch".

The source code is available to my students only. I have already published it on our private forum. Click here for more information.