Description
This week, we found a free Stochastic indicator strategy for the 30-minute timeframe, working for both long and short entries on BTC futures via the Binance Exchange. The original idea was taken from 03.freeman.
Follow this guide to set up a free Binance bot.
IMPORTANT!
This is a trend strategy and works best in trending markets
A trend identifier was added using the interaction between the EMA and SMA
Take-profit and stop-loss levels were added
Inputs for period selection were added, allowing you to evaluate the strategy’s performance on a monthly basis
Settings
Applicable to Binance Futures: BTC-Futures 30 min
Input | Value |
Long Length for Main Stochastic | 80 |
Long SmoothK For Main Stochastic | 45 |
Long SmoothD For Main Stochastic | 22 |
Long Upper Line Value | 78 |
Short Length For Main Stochastic | 30 |
Short SmoothK For Main Stochastic | 34 |
Short SmoothD For Main Stochastic | 22 |
Short Lower Line Value | 13 |
Long Stop Loss (%) | 4 |
Trailing Stop Long | 1.1 |
Short Stop Loss (%) | 2.3 |
Trailing Stop Short | 1.1 |
Revised Strategy Script Code
You can copy this code and paste it into your TradingView.