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professional stochastics price action indicator + free EA

  • #1
  • First Post: Edited 7:41am Aug 9, 2018 12:40am | Edited 7:41am
Professional traders and bank traders use stochastic.It is a price action indicator, therefore trader does not require candle by candle price action reading.

It can be a reliable indicator, that is accurate, if used correctly on hourly time frames to weekly time frames.In one of my trades I made 500 points using stochastics divergence.Settings of 28/6/10 will give less false signals.

There are few good stochastics trading systems on this forum. I offer the following stochastics indicators for each pair strength AUD, GBP,JPY,EUR &USD. You can change this indicator to see any currency strength like cad or chf or any other.Multi currency correlations improve results, when king of indicators is used, it will help traders , much more with correlations.

Currency traders should be looking at triple correlations like I do. I will look at eurusd, eurjpy and eurgbp to trade euro, AND gbpjpy,gbpusd and eurgbp to trade gbp and eurjpy,usdjpy and gbpjpy to trade jpy. This will significantly improve performance, compared to single pair analysis.

Place the 5 stochastic indicators on the charts and compare related strength of the correlated instruments/pairs..I have added value to these indicators with these settings.

Back testing by EAS using single currency has proven that stochastic will perform better than price action , candle by candle analysis. I have EAS using stochastics. Other custom stochastics indicators are available here:


https://www.forexfactory.com/showthread.php?p=11334675#post11334675


https://www.forexfactory.com/attachment.php?attachmentid=2934239&d=1533757873


Many nice videos on youtube worth listening to, there are about 50 videos to learn from.


https://youtu.be/88n-a3rUmJQ


Coders can make free STOCHASTICS EA using great quality expert advisor here:

https://www.forexfactory.com/showthread.php?t=804214
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Attached File(s)
File Type: mq4 multi_symbols_stochasticAUD.mq4   6 KB | 530 downloads
File Type: mq4 multi_symbols_stochasticDOLLAR.mq4   6 KB | 557 downloads
File Type: mq4 multi_symbols_stochasticEUR.mq4   6 KB | 543 downloads
File Type: mq4 multi_symbols_stochasticGBPUSD.mq4   6 KB | 511 downloads
File Type: mq4 multi_symbols_stochasticJPY.mq4   6 KB | 488 downloads
  • #2
  • Aug 9, 2018 5:11am Aug 9, 2018 5:11am
One more indicator for indices, they must all be aligned, trade mainly longs, shorts get chopped often.
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File Type: mq4 multi_symbols_stochasticINDICES.mq4   6 KB | 539 downloads
  • #3
  • Aug 9, 2018 10:51pm Aug 9, 2018 10:51pm
Quoting loozers
Professional traders and bank traders use stochastic.It is a price action indicator, therefore trader does not require candle by candle price action reading. It can be a reliable indicator, that is accurate, if used correctly on hourly time frames to weekly time frames.In one of my trades I made 500 points using stochastics divergence.Settings of 28/6/10 will give less false signals. There are few good stochastics trading systems on this forum. I offer the following stochastics indicators for each pair strength AUD, GBP,JPY,EUR &USD. You can change...
Dear loozers,

Stochastics can be difficult to learn to use correctly and the majority of traders will use it for entry signals. Thank you kindly for providing these indicators for this community. May I ask about the smoothing that you use for your settings, as you may know smoothing adds some lag. How does that affect your correlations? Also by comparing 3 currency pair groups to trade the eur for example like you mention, the stochastics for all 3 may not agree with each other. If one out of the 3 is trending, one of the 3 correlation pairs will be held in chop I would think. I will take some time and see what I can try out with those stochastics.

Could you post a quick image example of that stochastic divergence please?

Thank you again for your wonderful contributions.

Best Regards,
Tzamo
"Work hard, put in the effort, and follow your dreams..." -Me
  • #4
  • Aug 10, 2018 2:23am Aug 10, 2018 2:23am
Quoting tzamo
{quote} Dear loozers, Stochastics can be difficult to learn to use correctly and the majority of traders will use it for entry signals. Thank you kindly for providing these indicators for this community. May I ask about the smoothing that you use for your settings, as you may know smoothing adds some lag. How does that affect your correlations? Also by comparing 3 currency pair groups to trade the eur for example like you mention, the stochastics for all 3 may not agree with each other. If one out of the 3 is trending, one of the 3 correlation pairs...
Everything becomes easy when you understand the instrument behavior, why is it moving in a particular direction and why it will continue to move in that direction.
The first thing a trader needs to understand why is euro , gbp and other currencies falling against the dollar, here is the answer.

over 400 pips profit trading in the following direction of Goldman Sachs

The following information was available on november 20, 2017
Professionals trade forex when there are expected rises or falls in interest rates, as a result of expected rises in interest rates, Eur/usd and gbp/usd have fallen in 2018.They set a target of 1.10 for eur usd, I don't know if this will make the target.

Goldman Sachs Predicts That the Fed Will Hike Interest Rates Four Times in 2018

Goldman Sachs said it expects a tight U.S. labor market and more normal inflation picture will lead the Federal Reserve to hike interest rates four times next year.

If you had listened to the big boys like Goldman Sachs and interest rates expectations, search for it google, for U S is expected to raise interest rates 4 times this year, and gone short on the weekly time frames on Eurusd and GBP/USD , you would have made over 2,000 pips on both of them. This expected raise in interest rates caused the dollar to get stronger, "interest rates expectations and how they drive dollar on weekly and monthly basis".This is not something new to fx trading, it has been going on since the 1970s, as far as I know. Interest rates expectations and economies change over months and years.This is how big currency traders trade.It worked 50 years ago and it worked in 2018.This is why dollar got stronger.The market does the same thing , over and over again.
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  • #5
  • Aug 10, 2018 2:31am Aug 10, 2018 2:31am
Quoting tzamo
{quote} Dear loozers, Stochastics can be difficult to learn to use correctly and the majority of traders will use it for entry signals. Thank you kindly for providing these indicators for this community. May I ask about the smoothing that you use for your settings, as you may know smoothing adds some lag. How does that affect your correlations? Also by comparing 3 currency pair groups to trade the eur for example like you mention, the stochastics for all 3 may not agree with each other. If one out of the 3 is trending, one of the 3 correlation pairs...

When you understand the currency price drivers , traders will see a different picture and what to look for. The dollar is expected to get stronger, so you look at the dollar indicator.The dollar indicator is showing the dollar is strong against all except the yen, the yen trading by Japanese economy is with U S , and more than 50 % of yen reserves are in dollars, so it is a choppy pair to trade.
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  • #6
  • Aug 10, 2018 2:44am Aug 10, 2018 2:44am
Quoting tzamo
{quote} Dear loozers, Stochastics can be difficult to learn to use correctly and the majority of traders will use it for entry signals. Thank you kindly for providing these indicators for this community. May I ask about the smoothing that you use for your settings, as you may know smoothing adds some lag. How does that affect your correlations? Also by comparing 3 currency pair groups to trade the eur for example like you mention, the stochastics for all 3 may not agree with each other. If one out of the 3 is trending, one of the 3 correlation pairs...

Now that you have he information on the currency, we are looking for divergence for short trades only , on the 4 hour, daily and weekly charts.The main pairs to trade are gbpusd and eur/usd. Ignore the short term lower time frame divergences and entries .The idea of smooth and longer time frames, is to keep traders out of choppy markets, to follow the main trend.

99% of day traders lose , scalpers get scalped meaning they lose more , swing works but only few are good at it, fundamentals always work but timing of entries is difficult.It requires psychological skills like patience.
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  • #7
  • Aug 10, 2018 4:45am Aug 10, 2018 4:45am
Quoting dkrock
I know you will ignore me today, so in 3-4 years when the light bulb comes on, I hope you understand what I just told you. It is actual trader knowledge from an actual trader, not some theory from some education website, lol. Hey, you might even be able to see your indicator signals better. If you feel lucky, do some historical analysis over the weekend. You might find it interesting. As for your correlation stuff, I use a currency strength meter, but its signal is soooooo late that I cannot trade by it. I am not even sure why it is still on my...
You are here to learn, so I will never ignore you.I spent 4 years studying trading psychology.Most people who go to forums are not accomplished traders, most suffer from the dunning Kruger effect.

I have 75 profitable EAS, I have made 75 of them , I trade divergence and make an annual 5,000 pips from only divergence trading.Divergence trading is very subjective, it requires a knowledge of the instrument first.

I am a full time non trader(eas trade for me, I just look but can't trade) , demo is only for showing you a piece of my action.The real stuff is hidden.

There 400 pips profit by profitable eas using stochastics. You will make money when you learn how to use it correctly.
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  • #8
  • Aug 10, 2018 5:44am Aug 10, 2018 5:44am
proof divergence indicators with correlated pairs work.

The indicator I gave you works.See divergence yesterday and price today.

https://www.forexfactory.com/showthread.php?p=11349313#post11349313
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  • #9
  • Aug 10, 2018 1:41pm Aug 10, 2018 1:41pm
500 pips profit fully automated EA this week. This is one EA , I have 75 EAS, using the indicators in this thread.
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File Type: zip DetailedStatement 500 pips.zip   6 KB | 391 downloads
  • #10
  • Aug 10, 2018 3:10pm Aug 10, 2018 3:10pm
A trading system worth $2,000 free .Learn it

https://www.forexfactory.com/showthread.php?p=11357033#post11357033
  • #11
  • Aug 10, 2018 11:28pm Aug 10, 2018 11:28pm
Quoting loozers
Professional traders and bank traders use stochastic.It is a price action indicator, therefore trader does not require candle by candle price action reading. It can be a reliable indicator, that is accurate, if used correctly on hourly time frames to weekly time frames.In one of my trades I made 500 points using stochastics divergence.Settings of 28/6/10 will give less false signals. There are few good stochastics trading systems on this forum. I offer the following stochastics indicators for each pair strength AUD, GBP,JPY,EUR &USD. You can change...
Could you please explain more on how you use currency strength via tripple correlations? Is that for dire tional bias on daily or weekly or do you use it as a trigger? And how you you measure correlations? Whatever you can share...

"Currency traders should be looking at triple correlations like I do. I will look at eurusd, eurjpy and eurgbp to trade euro, AND gbpjpy,gbpusd and eurgbp to trade gbp and eurjpy,usdjpy and gbpjpy to trade jpy. This will significantly improve performance, compared to single pair analysis."

Also, how would you trade the USD ?
Staying in my lane...
  • #12
  • Aug 10, 2018 11:49pm Aug 10, 2018 11:49pm
Quoting VEEFX
{quote} Could you please explain more on how you use currency strength via tripple correlations? Is that for dire tional bias on daily or weekly or do you use it as a trigger? And how you you measure correlations? Whatever you can share... "Currency traders should be looking at triple correlations like I do. I will look at eurusd, eurjpy and eurgbp to trade euro, AND gbpjpy,gbpusd and eurgbp to trade gbp and eurjpy,usdjpy and gbpjpy to trade jpy. This will significantly improve performance, compared to single pair analysis." Also, how would you...
My custom indicator gives a reading on the overall strength, based on divergences (examples shown in thread), it reads all the indicators

All three indicators against majors on eurgbp,eurjpy & eur usd will tell me if eur is strong or weak.Once I have confirmation signal, I use a system like this

https://www.forexfactory.com/showthread.php?t=805676

https://www.forexfactory.com/showthread.php?p=11334675#post11334675


Look at usd against cable, euro,jpy ,aud,nzd,chf on dollar indicator or dollar index.

I use systems like this
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File Type: docx SIGNAL APPROVAL FORM 2014 v11.docx   61 KB | 319 downloads
  • #13
  • Aug 11, 2018 12:34am Aug 11, 2018 12:34am
Quoting loozers
{quote} My custom indicator gives a reading on the overall strength, based on divergences (examples shown in thread), it reads all the indicators All three indicators against majors on eurgbp,eurjpy & eur usd will tell me if eur is strong or weak.Once I have confirmation signal, I use a system like this https://www.forexfactory.com/showthread.php?t=805676 https://www.forexfactory.com/showthread.php?p=11334675#post11334675 Look at usd against cable, euro,jpy ,aud,nzd,chf on dollar indicator or dollar index. I use systems like...
Thanks. I have ruled out using divergence in indicators to measure currency correlation. I am glad it is working for you.
Staying in my lane...
  • #14
  • Aug 11, 2018 12:44am Aug 11, 2018 12:44am
Quoting loozers
{quote} My custom indicator gives a reading on the overall strength, based on divergences (examples shown in thread), it reads all the indicators All three indicators against majors on eurgbp,eurjpy & eur usd will tell me if eur is strong or weak.Once I have confirmation signal, I use a system like this https://www.forexfactory.com/showthread.php?t=805676 https://www.forexfactory.com/showthread.php?p=11334675#post11334675 Look at usd against cable, euro,jpy ,aud,nzd,chf on dollar indicator or dollar index. I use systems like...
Glad you have time filters also.. I use them too with all markets across the world.... spent over six months in developing a good automatic solution (with a lot of tears)

What's your deal bro? why are you sharing everything so openly across so many threads? Your word document is a nice read for sure
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Staying in my lane...
  • #15
  • Aug 11, 2018 1:12am Aug 11, 2018 1:12am
Quoting VEEFX
{quote} Thanks. I have ruled out using divergence in indicators to measure currency correlation. I am glad it is working for you.
Divergence works selectively at major overbought oversold areas , it does not work on every mediocre signal.
  • #16
  • Aug 11, 2018 1:16am Aug 11, 2018 1:16am
Quoting VEEFX
{quote} Glad you have time filters also.. I use them too with all markets across the world.... spent over six months in developing a good automatic solution (with a lot of tears) What's your deal bro? why are you sharing everything so openly across so many threads? Your word document is a nice read for sure {image}

I don't need this stuff , many people are struggling 99 % of them, one way of helping the world .Good Karma.

Many of them will have health problems lose 10 years of their lives sitting/day trading a desk.


We can also have less scam artists selling systems,indicators,education and tools, if it is all free.Then we get rid of these charlatans and only have traders for discussions.
  • #17
  • Aug 11, 2018 1:31am Aug 11, 2018 1:31am
Quoting loozers
{quote} I don't need this stuff , many people are struggling 99 % of them, one way of helping the world .Good Karma. Many of them will have health problems lose 10 years of their lives sitting/day trading a desk.
You are so right about health issues with trading. I had to pause my trading in 2015 to completely revamp and get rid of screen time from my strategy to the point that I hate charts now. Trading is just not a good profession to be in for the long haul. You miss out soon much of life and living! Hopefully my automation works for the long haul so I can retire and travel the world with my beloved wife to all the remote places in the world and enjoy fresh air and natural beauty.

Edit: I also believe in good and bad karma. No one escapes the hell hole if they do bad and unethical things in life. It's all happens here on Earth bro :-
Staying in my lane...
  • #18
  • Aug 18, 2018 3:51am Aug 18, 2018 3:51am
Subs. Thanks and
Regards
  • #19
  • Aug 18, 2018 9:49am Aug 18, 2018 9:49am
great thread loozer thanks
  • #20
  • Aug 18, 2018 3:00pm Aug 18, 2018 3:00pm
Quoting loozers
{quote} My custom indicator gives a reading on the overall strength, based on divergences (examples shown in thread), it reads all the indicators All three indicators against majors on eurgbp,eurjpy & eur usd will tell me if eur is strong or weak.Once I have confirmation signal, I use a system like this https://www.forexfactory.com/showthread.php?t=805676 https://www.forexfactory.com/showthread.php?p=11334675#post11334675 Look at usd against cable, euro,jpy ,aud,nzd,chf on dollar indicator or dollar index. I use systems like...
Quoting loozers
{quote} read I agree https://www.forexfactory.com/showthread.php?p=11357712#post11357712 This indices system can be used for Dow, S&P ,ftse uk100, fra40. I very rarely trade forex , I mainly trade indices.
Thus the above setup for Indices?
&
FX -
I gave you the patterns that makes money , in the pipmaster system in journals , I have shown you the results of these patterns I trade these.

read first 3 posts, it is free quality education.
https://www.forexfactory.com/showthread.php?t=805882
The pattern is short euro and cable aligned , for dollar strength.
years of work here free education
https://www.forexfactory.com/showthread.php?t=805676
Do you want more repeatable patterns? - Yes please

The Above!?

Correlation pls give the direction for optimum use/education please!!
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