I think you are on the right track, but instead of asking for opinions, you should do some serious backtesting. I think you will find that your approach will not make money, as stochastics gets whipsawed way too much if you are using it as an entry signal. The proper way to use it is to wait for a divergence, then enter on the break of a trendline. I think a 2 point stop is too tight, particualrly trading off the 15/60 charts. It is tight trading off the one minute. You will make more money holding overnight if your entries are good, but you also expose yourself to gap openings that can put you in deep trouble. I would not hold a trade over unless it is well in profit. And have a plan in place to deal with a gap against you, as it can cause you to freeze. Good luck.