thank you.. interesting indicator
I still don't have problems with it
Hope you are fine, spud.
your welcome Emda,
If the line bounch too much use the ma, it's unusual ma, it's linear regression , set the period in "Pd" parameter. If the stoch bar is made by Spud indicator, it will be more impressive, cause the value is fix, not blinking green-red as now.
I was wondering why it was more bumpy... now Im using the second buffer and Pd=6
very very good indicator for Spudfyre Strategy
hey Musanto, there is a bug. if you let the indicator on for a while... it doesn't paint the new bars. if timeframe Period is set to a higher timeframe than current.
Only the ma won't paint, ok,
I'll fix it
Now it's Fixed
I see the difference of up move of the TF M5 will influence the up move of M15, and M30 ,M60 and H4 in the up trend. But if the lower TF doesn't influence the higher TF, it's mean down trend.
Does any body know how to calculate this ?
Watch it by setting Spud Indicator with TF M5,M15,M30 &M60, in chart M5
It's could be the Spud's magic crystal, let me make the indicator for you.
code of indicator
Hi i hope someone can help. I have noticed severall of you are profficient in coding indicators and wondered if anyone of you could code this for me.
I have been testing this system for 3 weeks now with great results in 3 weeks i have had 18 trades with 15 being winners and at least 1 of the losers was a poor entry on my part and not the system.
I use the MTF indicator and set it on the 15min time frame using 3 MTF's 15min,30min and 1hr (23.6, 50, 76.4 as levels) My chart has multi pivot and the fib scale as per a spud thread some time ago. I use these for exit consideration along with the daily range.
The system is very simple buy when 15min and 30min have crossed 50 line and 1hr is supporting trade ie moveing in the same direction and has crossed 23.6 line- reverse for sell. Exit i have a number of exit options 1 daily range target , or if 30min crosses back over 50line or 1hr crosses back over 76.4 line
I wish an indicator written to alert when
15min and 30min have crossed 50 line and 1hr is supportiing trade ie moving in the same direction (perhaps it can look back over last 3 bars ) and has crossed 23.6 line . Also it would be great if it showed an arrow on the chart
If someone can do this i would be very grateful.
The alert would help me fromwatching the screen all the time if it had an email optiona all the better. The cross would prompt me to look at the set up. Set ups should ideally be as per attachment with a tight parrellel movement these are the ones i take i have banked over 1300 pips in 3 weeks so far and the 3 losses only cost me 144 pips in total
The first screenshot shows what you should have without repainting (green is 15, blue is 30, red is 60 and magenta is 240) I have volontarily left the indicator showing up dots as you see the stochastic on your charts
The 2nd screenshot is what you see when you refresh the indicator as in a no repaint condition.
The 2nd screenshot is what you see when you refresh the indicator
Edit : the indicator as i made it, shows when there is a reversal in the direction of the stochastic
Any help would be greatfull. Are there setting for the stoch so that is will give the representation of a higher time frame. I like 14,3,3. I would gust like to see higher time frames on same chart with out the repainting of a mtf. Is there a formula to calculate this like for ma's. Thanks. Jatki24300
trading with stochastic is great, if you get used with price action and stochastic reactions to price.
nice thread, thx for posting.
I'm new to this thread and need help.
I had downloaded the coloured stoch indicator but was only able to put one coloured stoch in the indicator window. I seen in this thread that someone posted a pic showing 4 coloured stoch indicator in one window indicator.
Can anyone tell me as to how i could put all of 4 TF coloured stoch in one window?
BTW, the system looks promising.
does anyone know if he still posts/reads in the forums? I don't find any recent posts from him.
Spud no longer posts here at FF. Months back he mentioned that he was going to take a vacation and hasn't been heard from since. I hope he's fine. I can tell you this - there are many here at FF that sorely miss him.
Wow, that's too bad. I wanted to personally thank him for all of his contributions. Maybe there's some personal issues that came up. By the way, thanks very much for replying to me with that response. I came across this thread about a week ago and it's been working for me sooooo soo great! Have you tried it?
Thanks for another system....
how to set up to make all stoch bar appear on the chart
I like ColorStochastic V1.02, but can u make arrow inside indicator so we know when its crossed down/up, not in price area but inside each indicator.
Great system.. nice indi ..
how are you guys handling this repainting?
Could you please attached the Stochastics Bar Indicators of this particular version again as the one you attached earliers was a Stochastics coloured line indicator and not the bars.
mtf ind. usually "stretched" to time on lower TF for user convenience, providing user knows (understands): 3(6) bars wide section on 5 min chart - shows one bar on 15(30) min chart
or same thing - you can open 3 charts on 3 TFs and watch just one bar changing on each TF
on backtesting of all indicators (mtf or not) we can see only closing bar ind. value- no data where it was in-between (same as if we could see only price line, not price bars (HiLoOpClose a bit different than close-close) that's why often people waiting on bar close to validate signal
hope it'll help
Problem with escalator
i'm new to forex and i like your escalator.i have a problem.i did everything according to the manual but the 4TF Has 1 and 2 indicators colours dont change. please i would appreciate if you help me figure out this problem.
Chance color a bars
Open the indicator, go iputs/Show Bars, selct fals or true.
can this strategy be used for stocks too or just forex?
Surely it can but the issue is does it do the job or not? From my experience, it can hurt you badly especially if the market strong and insists to stay in the overbought/sold areas. I am tried it practically for months and it caused lots of losses to me -- but that's me.
can you say something more about the bad trades during overbought or oversold market?
Are you referring to the h4 stoch in OB or OS position?
I spent almost 7 months with this strategy. I used the nested 1D, 4H, 30M, 5M stochastics. What happens is that you always keep your fingers crossed that things will fall down (if you are coming from the OB zone). And you may get full agreement of the 4 stochastics but guess what, things keep moving up ... up... and up... and you get burnt unless you cut your losses...
Even the author (Spud) of this strategy, after a few months, admitted that you need to be careful when using it. He established a new thread called something like "Predictive MTF Stochastics". Was trying to follow but found it hard to read...
Anyhow, I am trying my luck right now with the siimple basic privot trading system.
you may try and use MACDs to try and mitigate this problem, yes the schols can hit the "wall" and keep going up, however you also should look at the MACD to see where the price action may go.
I am a newbie to forex trading or any trading so i am experimenting too!
I tried MACD too -- does not improve things remarkably. In general, stochastics are good if the pair is trading sideways, and MACD is good if it is trending.
Anyhow, no matter what, don't risk more than 1% of your portfolio.
yes, i too find it extremely difficult to find all the times moving in the same direction, however if one looks at the 4H and then the 1H and 30Mins and if they are all heading in the same direction then it is fair to say you should get some pips,
even the 1H, 30mins and 15Mn is better as the 4H is quite too old, thats just my opinion.
Have posted at my journal a first impression of a Escalator to PIPs subversion. http://www.forexfactory.com/showthread.php?t=144270
StartDate: 04/17/2009 EndDate: 04/23/2009
TOTAL ACCOUNT REPORT: START Balance:100000 --> END Balance: 106875.04
Profit: 31 | Loss: 4
WIN/LOSS Percentage: WIN: 88.5714285714 | LOSS 11.4285714286
My new tests based on Escalator are not doing to well at the moment. Just post hear to balance the earlier results and give a better picture where I'm at.
1. the worst account Started on Monday 27 till now:
TOTAL ACCOUNT REPORT: START Balance:100000 END Balance: 93101.06
Profit: 14 | Loss: 7
WIN/LOSS Percentage: WIN: 66.6666666667 | LOSS 33.3333333333
2. the best account Started on Monday 27 till now:
TOTAL ACCOUNT REPORT: START Balance:100000 END Balance: 101058.70
Profit: 13 | Loss: 2
WIN/LOSS Percentage: WIN: 86.6666666667 | LOSS 13.3333333333
Still much to early to say anything - and also good signs apart from the negative results.
I want to try it out but was keen to get your thoughts first on your experiences since you have traded it live
The colored bar indicator has been useful. I had been finding people to help me code MTF stochastic for quite some time and i am glad to be able to find it here.
Ok about Spudfyre his method does not short when market is overbought neither does he long when it is oversold. He simply longs when all the 4 time frame stochastic is sloping up and not overbought and short when all the 4 time frame stochastic is sloping down and not oversold.
Easy to understand?
There is a reason why people do not short when it is overbought because market is not rational,what is overbought can be even more overbought,same is true for reverse.
Because i have benefited from the MTF Stochastic bars i will share 1 key thing that will help you all gather your pips.
Google for Jake Berstein Stochastic Pop
Many people have not realized this but i built my system around long when overbought,short when oversold and it has proven to be highly successful.
I will long once the 15min is overbought and exit in 3-4 bars or a profit target of 25-40 depending on how it has built up prior.
But the key thing i wish to bring across is the market is ONLY FULLY CHARGED up most of the time when stochastic is overbought and that is when you will get quick pips with minimum time.(Note ideally the market has been consolidating beforehand before it goes overbought for greater accuracy)
For my stoploss,it is at the previous swing low and trendline and chart pattern are part of my system that helps me in gauging my risk/reward.
One thing i have realized via trading is you cannot afford devastating loss and you must know where to set your stoploss. Many ppl have a hard fixed on their stoploss or they have a % of their capital that they are willing to risk. For me my stop loss is always based on the previous swing low. That could be 30-50 pips so essentially it takes about 2-3 wins to offset 1 loss which is not a problem due to the high hit rate. Trades will always be exited within 3-4 bars of a 15 minute with profit,if by then it cannot be exit at profit i will cut it as well. So it does not necessary means that it needs to break the swing low before i will cut.
Pairs to trade will be the more volatile pairs like Gbp/Usd,Gbp/jpy,Eur/jpy because as the method suggest it's Stochastic POP,if you use a slower pair like aud/usd or eur/usd you will realize that there really isn't any pop to talk about(fast movement within short period of time)
Hence these are the 3 pairs i am currently trading right now.
Have you guys figured out a way to backtest with the MTF Stoch Indicator...the one with the 4 stochs in one window...in VHANDS?
For some reason I cant get it to work for back testing it.
I would really appreciate it....
I would think it is impossible to backtest it for the simple fact that as the chart moved up or down,the higher time frame would react accordingly which is the reason why when you insert the indicator in everything looks to be reacting so nicely when you look back to the past.
1 would require a solid trigger requirement so that you will not be taking those whips. For me it is when higher time frame is green and the 15 min is overbought i will take the signal.
I like you inputs. I'm going to try it. Hope it works out fine with me.
Here are just a couple of the many setups from last night that I slept thru...lol
This to me looks like a great system...with the trend, multi time frame...how can we go wrong...steer clear of the news...get in get your pips and get out....this system looks like it provides lots of pips but we dont need them all!!
Wait for the right setups and we will do very well.
Can you please attached your MTF stoch indicator using on the above charts? I don't have that in my collection and I like how it shows the diff TF stoch. Hope it's ok to share.
I believe these are the ones...I have so many lol....
Please let me know if these arent it...they are here in one of Spuds threads somewhere I just cant remember where I got it...
Play with these...this should be all of them...take care...
PS Are you trading this method?
#MTF Stochastic v2.0.ex4
#MTF Stochastic v2.0.mq4
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