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Stochastic Trading with MACD filter

  • #1
  • First Post: Edited Jul 3, 2017 10:09am Jul 2, 2017 8:26am | Edited Jul 3, 2017 10:09am
I would like to present you a simple strategy to avoid false signals for entries with Stochastic oscillator...
So you need Stochastic (standard in MT4) and MACD modified with Bollinger Bands indicator.
Here are the entries conditions:

FOR SELLING:
1. Cross of Stochastic and Stoc_signal
2. Stochastic > Stochastic value (Set to 60)
3. MACD > MACD UPPER B.B.

FOR BUYING:
1. Cross of Stochastic and Stoc_signal
2. Stochastic < Stochastic value (Set to 40)
3. MACD < MACD LOWER B.B.

Here you will find the ea, a modified MACD with BB and template: load ea first in "experts", indicator in "indicators" and template in "templates" folders.
After that: one currency with any timeframe... and load the template in the chart

I accept any kind of comments, but costructive comments.
Many thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 66 KB
Attached File(s)
File Type: ex4 icustomStoc_MACD EA 0.0.1.ex4   16 KB | 1,547 downloads
File Type: ex4 MACD_with_BB.ex4   12 KB | 1,475 downloads | Uploaded Jul 3, 2017 10:09am
File Type: tpl 0_STOC_MACD.tpl   8 KB | 1,176 downloads | Uploaded Jul 3, 2017 10:09am
  • #2
  • Edited 8:57am Jul 2, 2017 8:28am | Edited 8:57am
There is no exit strategy... You need to adjust SL e TP dipending of money managment and TImeframe.

Using Breakeven, you maximized profits.
  • #3
  • Jul 2, 2017 8:31am Jul 2, 2017 8:31am
Try it only on demo account... Not optimized strategy! Educational only
  • #4
  • Edited 8:55am Jul 2, 2017 8:40am | Edited 8:55am
On Screenshot you will see the "no entry zones" for both MACD and Stochastic... with green levels... It should avoid false entries in lateral market.
Anyone have some experience about such technic?
  • #5
  • Jul 2, 2017 8:42am Jul 2, 2017 8:42am
The ea could have some bugs... I will correct it from tomorow... thanks for comments!!
  • #6
  • Edited 4:02pm Jul 2, 2017 9:03am | Edited 4:02pm
MACD limits are ajusted for each currency with the modified MACD with BB indicator.
  • #7
  • Jul 2, 2017 2:25pm Jul 2, 2017 2:25pm
Quoting adegard
I would like to present you a new strategy invented today
___
So you just invent a strategy NOW and rush on FF to share?!
Markets are even closed....proof that you ain't sure if it can even lose money in a live market!
___
Jeezzz!
L.L.L.T
  • #8
  • Jul 2, 2017 2:46pm Jul 2, 2017 2:46pm
Updated files of EA and add MACD modified indicator to obtain Sell/Buy levels conditions. Post#1
  • #9
  • Jul 2, 2017 2:48pm Jul 2, 2017 2:48pm
Quoting KayStreet
{quote} ___ So you just invent a strategy NOW and rush on FF to share?! Markets are even closed....proof that you ain't sure if it can even lose money in a live market! ___ Jeezzz!
You 're right! Maybe someone tried it before...
I don't advice people to try it in LIVE market. Only in demo!
  • #10
  • Jul 2, 2017 4:33pm Jul 2, 2017 4:33pm
Corrected some bugs in ea, updated on post #1!
  • #11
  • Jul 2, 2017 4:57pm Jul 2, 2017 4:57pm
USDJPY 1H possible entries... analysis.
BB_St_dev setting: 4
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 41 KB
  • #12
  • Jul 3, 2017 4:48am Jul 3, 2017 4:48am
Updated some bugs on "MACD with BB" indicator on Post#1!
  • #13
  • Jul 17, 2017 7:20am Jul 17, 2017 7:20am
Try DSS Bressert instead of Stochastic.
Attached File(s)
File Type: mq4 DSS Bressert Colored.mq4   3 KB | 865 downloads
  • #14
  • Jul 17, 2017 7:37am Jul 17, 2017 7:37am
Quoting adegard
USDJPY 1H possible entries... analysis. BB_St_dev setting: 4 {image}
exit points are here

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 106 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #15
  • Jul 17, 2017 7:39am Jul 17, 2017 7:39am
Quoting Beertje
Try DSS Bressert instead of Stochastic. {file}
it is a dot copy of stoch.
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #16
  • Jul 17, 2017 7:41am Jul 17, 2017 7:41am
Quoting adegard
I would like to present you a simple strategy to avoid false signals for entries with Stochastic oscillator... So you need Stochastic (standard in MT4) and MACD modified with Bollinger Bands indicator. Here are the entries conditions: FOR SELLING: 1. Cross of Stochastic and Stoc_signal 2. Stochastic > Stochastic value (Set to 60) 3. MACD > MACD UPPER B.B. FOR BUYING: 1. Cross of Stochastic and Stoc_signal 2. Stochastic < Stochastic value (Set to 40) 3. MACD < MACD LOWER B.B. Here you will find the ea, a modified MACD with BB and template: load ea...
can you share the mq4 files
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #17
  • Jul 17, 2017 10:19am Jul 17, 2017 10:19am
Dear Samer1970, Adegar, this is a nice strategy, I was using it 2 years ago, for exit you can use EMA9, for sure is a good strategy, I love manual operations but I will give a try to the Adegar EA.

Adegar, Thanks for the EA.
I have a Dream....
  • #18
  • Jul 31, 2017 9:16am Jul 31, 2017 9:16am
Have you tried a Stoch (8,3,1) overlaid with a Stoch (13,3,1)? It might help to filter out false signals. Wait for both of the stochastics to go oversold or overbought before entering the respective trade.

Just a thought
Less is more
  • #19
  • Jul 31, 2017 9:55pm Jul 31, 2017 9:55pm
with this strategy, can short GU now?
  • #20
  • Aug 1, 2017 8:34am Aug 1, 2017 8:34am
Quoting ScalpTaker
Have you tried a Stoch (8,3,1) overlaid with a Stoch (13,3,1)? It might help to filter out false signals. Wait for both of the stochastics to go oversold or overbought before entering the respective trade. Just a thought
Thank for the idea... I will try!
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