Nice Trade from Stochastic System (+156 pips)

A trade I took yesterday that was generated by the Stochastic OBOS System.
I cross-verified it with support breakout and the result 156 pips :)

See it here:


Note that there was another signal just an hour ago but price was tight inside Bollinger Bands so I did not enter.

The system is available here

Stochastic OBOS: 15M Trading System

The system is a mix of a strategy by Jake Bernstein and myself as I added a quicker exit rule and a better profit-taking mechanism.

Pairs
This strategy works best on GBPUSD\EURUSD\GBPJPY

Charts
I use this system on 15M\1H\4H. Of course, If there are conflicting signals the higher timeframe wins...

Indicators
*Stochastic Oscillator (K%=10, D%=3, Slowing=3), remove the signal line (slowing) as you won't be using it here.
*Awesome Oscillator

Entry Rules
Enter Long after Stochastic main line crosses 60 up.
Enter Short after Stochastic main line crosses 40 down.
Stop order is placed 1 pip above the high of the candle (for long), and 1 pip below the low of the candle (for short).

Exit Rules
Exit trade when Awesome Oscillator makes one bar in opposite direction of your trade. Explanation:
If you are long and Awesome Oscillator creates a red bar - exit trade when the bar is closed.
If you are short and Awesome Oscillator creates a green bar - exit when bar is closed.
Just look at the pictures.. it doesn't really matter to be 100% precise in these exits, anyway the trends you'll catch are big enough so late exits won't hurt the profits too much.

Money Management
As usual I recommend not risking more than 2% of equity on a single trade.

Example of Trades



Profitable trading,
C0NUNDRUM