The Yellow Hopper

The Yellow Hopper A trend trade that sells when the market is oversold, and buys when the market is overbought, using a Trigger Finger entry. Only take the first two signals in any given trend. Chart setup: MACD 12, 26, 9 Stochastic (Slow) 70, 10, 10 (overbought: 65; oversold: 35) Sell Trades:

Selll Trade Rules 1. Stochastic is below 35. Market is oversold. 2. MACD line crosses below MACD signal line. 3. Candle closes. 4. Sell.

Buy Trades:

NOTE about the chart above: Only take the first two trades. That’s what we do. Buy Trade Rules: 1. Stochastic is overbought. Market is going up. 2. MACD line crosses above MACD signal line. 3. Candle closes. 4. Buy.

Notes about the indicator Instead of coloring a candle yellow, which would be impossible to see, what else can we do? Can we put a large black dot above candles for sell trades, and a large black dot below candles for buy trades? Can we put a smaller yellow dot inside those black dots? That would look pretty darn cool. I don’t need any EAs or any radars for this. Just the indicator is fine to start (and maybe all we’ll ever need).