Stochastic EA
Stochastic Oscillator overbought/oversold EA · Trailing stop + risk % sizing · Free · MT4/MT5
About Stochastic EA
The Free Stochastic EA, documented at theforexgeek.com, is a MetaTrader 4/5 Expert Advisor built around the Stochastic Oscillator, a momentum indicator that measures where current price sits within its recent price range to identify overbought/oversold conditions.
The EA opens a buy/long position when Stochastic crosses out of the oversold region, and a sell/short position when it crosses out of the overbought region. Trade management includes trailing stop-loss, break-even, and risk-percentage-based lot sizing to manage exposure effectively.
- Platform: MetaTrader 4 / MetaTrader 5
- Strategy: Stochastic Oscillator overbought/oversold crossover
- Trade management: Trailing stop-loss, break-even, risk % lot sizing
- Price: Free
- Source: theforexgeek.com · Free Stochastic Expert Advisor (EA) for MT4 & MT5
Key Features
✓ Free and includes proper risk management tools (trailing stop, break-even, % risk sizing) rather than fixed lots
✓ Built on a well-understood, transparent momentum indicator
⚠ Stochastic-based systems can generate frequent false signals in strongly trending markets — consider a trend filter for better reliability