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RSI & Stoch OS + HH Entry + SL 0.6%

1 390
RSI & Stochastic Convergence (Higher High Entry) This strategy is designed to capture high-probability reversals by combining dual-oscillator oversold conditions with price action confirmation.

Entry Logic: The strategy waits for both RSI and Stochastic to reach oversold territory. To avoid "falling knives," it only enters a Long position when the current bar achieves a Higher High compared to the previous bar.

Take Profit (TP): Positions are closed when the Stochastic %K enters the overbought zone (90), securing gains during peak momentum.

Stop Loss (SL): A disciplined risk management rule is applied with a fixed -0.6% stop loss from the entry price to protect against sudden market drops.

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