bringin sexy back - stochastics

Quoting melpheos

Here is the guide as promised and a new version of the indicator with an added filter.

It will not show signal nor send alert/mail when Bollinger band are tighter than the level you will set.

I encourage anyone using this strategy to give advice as to filter wrong signal (if they are programmable)

Quoting orion70

Thanks for the update!

I use QQEA with a SF of 14 on 15m charts. It is the same as the regular QQE but it lets you adjust the RSI Period and DARFACTOR as well as the SF.

I also use plain old CCI, mostly for exits. I added levels of 100 and -100. I exit a BUY when the line descends through 100 from above and I exit SELLS when the line crosses -100 from below.

Quoting melpheos

I think i'v read somewhere QQE repaints.

As for CCI, the moves of CCI are usually not very predictable where around 0. Also i'd like to see something for the entry, not exit

But thanks for the idea

Quoting orion70

That could be but I just used it with your templaye to snag +96 on UJ.

Yes...I don't use CCI around 0.

Quoting melpheos

Could you post the QQEA and a screenshot ?

Quoting boxingislife

if ur not dont trade anything under 1h or else ull get burned so often it wouldnt even be funny anymore. at first it will be funny

trade like me. put a 4h chart look for a great setup and enter when the bar breaks the last bar or the last few others in the direction of ur trend. high probability setups and trust me u wont be dissapointed

have faith in this system and if ur trading bigger timeframes give it time. dont expect a 4h trade to go ur way in the first 5 min. i expect that coz im experienced enough to enter with a tiny drawdown most of the time but as for you guys give it room to breathe. let it go up and down.
-greed is when u see a good profit and not take it because u want more

-patience is when u see a good setup and wanna see it work till the end even if the max profit was 30 pips on a 4h chart

Quoting boxingislife

made over 300 pips from thursday morning to friday early afternoon

one of my trades was eur/nzd

a falling 21 stoch (like i said u can use the settings ur comfortable with so i always change my settings in order not to be bored)

so we got a falling 21 and we got price moving lower slowly
even though 21 is still above 80 its ok because it was dropping
my entry was when a bar closed much lower than the previous bar. it is where i put my horizontal line. u can see how much lower it closed than the previous bar. at the same time the 21 was dropping below the 80 level and the 5 stoch had pulled back a fair distance.

i exited at 8840 which was about 142 pips

by the way ignore that buy on my chart thats just a demo account

word of advice for everyone
if ur not making money its prob because of a few things but mostly either ur rushing into the trade coz the setup is looking good and thats dangerous coz u could get in too early and the setup fails even though it was looking good and it turns out to be a trend change or because ur trading small timeframes.

for example melpheos trades smaller timeframes but hes almost as experienced as i am with this

if ur not dont trade anything under 1h or else ull get burned so often it wouldnt even be funny anymore. at first it will be funny

trade like me. put a 4h chart look for a great setup and enter when the bar breaks the last bar or the last few others in the direction of ur trend. high probability setups and trust me u wont be dissapointed

have faith in this system and if ur trading bigger timeframes give it time. dont expect a 4h trade to go ur way in the first 5 min. i expect that coz im experienced enough to enter with a tiny drawdown most of the time but as for you guys give it room to breathe. let it go up and down.

i shorted the pound yesterday and i was in profit in the next 30 min by 25 pips. so im not gonna close its a 4h setup so im giving it time. then it shot up and i was down about 20-30 pips
well at some point i got sick of trading and it was around breakeven so i closed only to see it at the end of the day drop more to give me near 40 pips if i had stayed in. this is not greed. this is patience

-greed is when u see a good profit and not take it because u want more

-patience is when u see a good setup and wanna see it work till the end even if the max profit was 30 pips on a 4h chart

Quoting smnitro1

Hey Boxing!!
Good to see your back!!

I see your using a different setting for the 20 ma. Is this your setting for the higher TF's? I don't trade lower than the 1hr. Please advise.
BTW, Check PM


Thanks

Quoting Lenoxer

Dear Melpheos,

Thank you for all your work. Is this coding an EA that will generate signals to the broker, put in initial risk stops, place trailing stops, etc.?

Thanks,

Lenoxer

Quoting melpheos

I've tried to make an EA but it was not profitable. My indicator is pretty effective but it lacks the human eye to filter the good and bad trades.

Quoting melpheos

I have updated my sexy stoch indi.

Removed the 3rd signal type (was showing only once in a while), you now set the MA only once and its valid for each signal type.

Added MSN popup alert style (attached are the necessary program, dll and include)

You have to put pop.exe and pop.dll on c:\ and the mhq file in your include folder. You can put pop.exe and the dll somewhere else but you will have to edit the code of the mq4 file (at the very end there is a 'c:" reference). I will update my guide later on.

Quoting nondisclosure00

Melpheos,

You wouldn't happen to have or know where to get the source for the pop.exe and pop.dll? I've got an idea of what it is, but want to be sure.