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Stochastics Settings

  • Post #1
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  • First Post: Aug 28, 2006 12:18am Aug 28, 2006 12:18am
  •  Crestwind
  • | Joined Aug 2006 | Status: Member | 154 Posts
Hey guys I was wonder if you guys could tell me whcih stoch settings you use on your charts and what are the advantages/disadvantages of these settings.

On my forex.com charts the default is set at (14,3,3), is this the standard setting most people use? Any advice would be great. Thanks
  • Post #2
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  • Aug 28, 2006 10:02am Aug 28, 2006 10:02am
  •  Crestwind
  • | Joined Aug 2006 | Status: Member | 154 Posts
Anyone??
 
 
  • Post #3
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  • Aug 28, 2006 10:05am Aug 28, 2006 10:05am
  •  stockwet
  • | Joined Mar 2006 | Status: Member | 723 Posts
Quoting Crestwind
Disliked
Anyone??
Ignored
I think you're not getting much of an answer because, really, it doesn't matter what settings you use.

The trick to trading in Forex is to develop a system you can trade, with your own rules. What that implies is that you learn the behavior of price action relative to the indicators you use. You could be as successful as I am using stochastic, even though we might have completely different settings.

So, pick a setting and then learn how the price action works relative to those settings. Discover some common patterns and you're on your way to creating a system that works.

stockwet
 
 
  • Post #4
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  • Aug 28, 2006 4:24pm Aug 28, 2006 4:24pm
  •  Crestwind
  • | Joined Aug 2006 | Status: Member | 154 Posts
Thank you kindly for your response. If you dont mind me asking what settings do you perosonally use for Stochs?
 
 
  • Post #5
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  • Aug 28, 2006 8:39pm Aug 28, 2006 8:39pm
  •  Jarret
  • | Joined Jul 2006 | Status: Member | 142 Posts
Hey Buddy,

I use 9,3,3.

http://www.incrediblecharts.com/tech...indicators.htm

Check this link, great info on indicators and everything to do with trading.

Best of trading to you
 
 
  • Post #6
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  • Aug 28, 2006 8:48pm Aug 28, 2006 8:48pm
  •  smjones
  • Joined Mar 2006 | Status: THANK YOU MERLIN,TWEE and FF Team | 4,603 Posts
Back in the days when I used STO, I used 5,3,3. I would Draw trend lines and they tend to corespond to a change in the direction of the price.

See how a break in the trend line of the STO aligns with a change in price...

I generally do not use STO though these days.

Thanks Scott
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  • Post #7
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  • Aug 28, 2006 9:03pm Aug 28, 2006 9:03pm
  •  sachin
  • | Joined Jun 2006 | Status: Live Life...King Size...! | 50 Posts
Quoting Crestwind
Disliked
Hey guys I was wonder if you guys could tell me whcih stoch settings you use on your charts and what are the advantages/disadvantages of these settings.

On my forex.com charts the default is set at (14,3,3), is this the standard setting most people use? Any advice would be great. Thanks
Ignored
Hey Crestwind,
There are 2 stoch. indicators in my charting (1) Slow Stoch & (2) Stoch Oscillator.
I personaly use Stoch oscillator %k=5, %D=5 & Slowing/period= 8 works good.

Try it out and let me know.
happy pipping.
 
 
  • Post #8
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  • Aug 28, 2006 10:43pm Aug 28, 2006 10:43pm
  •  Crestwind
  • | Joined Aug 2006 | Status: Member | 154 Posts
Thank you all for your responses, they are helpful.
 
 
  • Post #9
  • Quote
  • Jan 26, 2011 12:34am Jan 26, 2011 12:34am
  •  eelfranz
  • Joined May 2008 | Status: Grand Poopaw | 1,488 Posts
Crestwood...

8,3,3

Come visit our thread... forex factory, Commercial, "Craig Harris Stochastics Method."

Lots of discussion about stochastics.

Big E
 
 
  • Post #10
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  • Jan 28, 2011 8:52am Jan 28, 2011 8:52am
  •  EmeraldEyes
  • | Commercial Member | Joined Sep 2010 | 1,472 Posts


guy hasnt logged in here for 4 years.
 
 
  • Post #11
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  • Feb 19, 2011 4:29am Feb 19, 2011 4:29am
  •  jokes_erm
  • | Additional Username | Joined Feb 2011 | 12 Posts
Quoting Crestwind
Disliked
Hey guys I was wonder if you guys could tell me whcih stoch settings you use on your charts and what are the advantages/disadvantages of these settings.

On my forex.com charts the default is set at (14,3,3), is this the standard setting most people use? Any advice would be great. Thanks
Ignored
Actually the settings of indicator vary from 1 individual to another. Certain settings might be useful for someone but it doesn't guarantee to be viable in your system.

So, my suggestion on this is to study stoch and know the reasons for different settings instead of blindly following the herd.

Good trading.
 
 
  • Post #12
  • Quote
  • Feb 20, 2011 12:51am Feb 20, 2011 12:51am
  •  the redlion
  • Joined Jan 2011 | Status: Member | 2,680 Posts
Quoting Crestwind
Disliked
Hey guys I was wonder if you guys could tell me whcih stoch settings you use on your charts and what are the advantages/disadvantages of these settings.

On my forex.com charts the default is set at (14,3,3), is this the standard setting most people use? Any advice would be great. Thanks
Ignored

indicators are great, actually. you just have to dig around and see what their idicating

as far as forex slow stochastic goes, i like my setting at 5.5,3,3

and my macd at 5.5,22,9

here is the reason: what exactly are they mesuring? overbought/over sold on stoch and moving averages cross over with macd measureing divergence and momentum.


the forex market is opened for 5.5 days, so on a daily chart i use setting of 5.5, look at it and see how price moves with your stochs and you will see it catches the over/bought oversold for a period of a week (14 periods = 2 weeks and some days) why do u want it at that setting?

macd i have it at 5.5/22 because i want to measure the divergence convergence and momentum of 1 week over a month. that simple

if you are using lower time frames adjust for the period you want to measure.

hope this helps, and if you dont know how to identify trends moving averages do work by the way 50/200

200= around 9 months, and 50 about 3 months, why would you care what the price has been doing for that amount of time its up to you. bottom line is

understand what the indicators and moving averages are measuring and if it suites your style and makes you profitable, then use them.

WHATEVER makes you profitable, and can give you CONSISTENT returns, while minimizing risks and you feel COMFORTABLE by all means do it.
AVT INVENIAM VIAM AVT FACIAM
 
 
  • Post #13
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  • Last Post: Apr 13, 2016 7:27pm Apr 13, 2016 7:27pm
  •  Mateenijaz
  • | Joined Feb 2016 | Status: Junior Member | 3 Posts
anyone could advise the best timeframe and the best settings for the Stochastic indicator
 
 
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