Kevinator retracement system – a system of trading by stochastics
An interesting trading system created by the American trader Kevinator. He took the multitime indicator Stochastic as the basis. The system is recommended for trading by major pair: eur/usd, /usd/chf, gbp/usd, aud/usd, usd/cad. It can be used on any timeframe, depending on the duration of trading. M5 and M15 timeframes are used for intraday and H1, H4 and D1 for medium- and long-term trading.
Multi-timeframe indicator 1-Retracement Finder1 is located at the bottom of the terminal and represents bars of blue and violet color (colors can be adjusted as you wish). For visual confirmation, the system uses the indicator of automatic setting of the trend line
Example of a buy signal. The price is above the trend line and the bar is blue. Close a position when a bar of a different color appears or when a trend line is crossed. For short-term trading, it is recommended to set a Take Profit of about 20 pips
Example of a sales signal. The trend line is directed downwards and the price is below it. The conditions for exiting the deal are the same as for buying. Stop-loss is set behind local bottoms and tops in any case.
Install custom indicators and a template to operate the system.