MTF Stochastics Trading

My sincere apologies to new-comers and subscribers, but as of today, Friday, August 31st, 2018, I will no longer participate this thread. Except for a few a few individuals who followed the rules, the thread developed into a forum for people to take this trading plan and then, because they know better, make their own rules.

I am not so naive as to believe that this plan is perfect and never said that it succeeds 100% of the time. If you follow the rules, it actually succeeds about 80% of the time, If you follow the rules most losses are minimal. IF you follow the rules you will profit. If you change the rules, and then complain that this plan doesn't work, you're on your own.

If you are returning after a while or late finding this thread, you'll probably see a bunch of different charts, indicators and rules. You may get confused, again, you have my sincere apologies. If you are interested, the original template and rules, are located below for download. Examples and some notes are in posts 1-4. You can look through the thread if you want to find my posts.

Attached File(s)

MTF Stochastics trading.zip   70 KB | 6,519 downloads | Uploaded Sep 15, 2018 9:31am

Attached File(s)

MTF Stochastic Trading Original Rules.pdf   106 KB | 8,846 downloads | Uploaded Sep 15, 2018 9:31am

Next, here are the indicators and template for your perusal. Go ahead and se what you can see, and I'll be back and we'll get started with some of my observations.
Note: Post#1 has been edited to incluse the indicators and template. They"re both the same.

Weekly and monthly images

First I'll explain why the chart looks the way it does, then we'll get into interpretation of the stochastic indicators.

Why price bars and not candles? I am reading, interpreting, and trading by the stochastics. I don't want candlestick patterns trying to influence my decisions.
Why the dim gray price bars? Again, I'm reading the stochastics not the price bar. The stochastics tell me when to enter and when to exit, not the price bar.
Why no moving averages? Don't need them. The MTF stochastic tells me what the important trend is doing.
What's the important trend? The important trend is the trend that will add pips to our account. At any given time there may be as many as 3 or 4 trends happening on one pair. The only one I care about is the one I'm trading. You want me to wait a week for the trend on the daily to change while price on the lower time frame charts print 50, 60, 100 pip moves? Why? I believe in patience, but get real.
Why 2 stochastics? The 2 of them together tell us what is happening right now. Each of them is half the story. It's just easier. Plus, and this is a big plus, it increases the probability that well be correct on direction. No promises, no guarantees, just an edge.

Later we'll talk more about what we would do without the MTF stochastic. Like if they eep-six MT4 for MT5 and we can't use this MTF indicator anymore.

In the following EURUSD H1 chart I have drawn some lines and written some note which will give you a good idea of where we'we're headed with this. It's not the whole gist, but it's a big part. Take a look and see if you see what I see? I promise this is not a commercial thread and I won't leave you hanging, but I have to eat sometime.

not bad at all. my strategy is similar to yours. Interested to see how this goes.

With all the people saying... 'Indicators are lagging and useless', Im curious to see how this works in long term. And I could see that you have atleast 8 years trading experience, so I'm sure, you certainly have a clear idea... what you are talking about.
Best wishes buddy.... eager to learn.

Thanks, and welcome.

LOL, we'll see how clear my idea is, but I'll do my best to explain things Thank you and welcome.

Subs. thanks and
Regards

I posted the basic rules for entries and exits on Post 1. I"m a little tired now. I'll add more, probably later tomorrow. London open is in about 25 minutes from now. If I can post a live trade or 2 in-progress I will. It's Monday morning so I'm not expecting too much tradeable activity.

Welcome and thanks.

Me too.. Subs.
Nice trading rules! I'll be watching, good luck!

On my way to learn this strategy. Thanks a lot for share..

subscribed. love trading mtf stochs.

Welcome.

Welcome.

EU M5, missed the 1st entry after London Open. Took this short @1.17809. The CTF stoch has turned uo, but the MTF stoch is still indicating short, so I"ll stay for now. Well aware it's a S&R area. GBP news, Fed rate hike, tariffs, N. Korea, Trump tweets, etc, the news is endless. It's going to be an interesting week.

The CTF stoch has left the 20 area and turned up. The MTF stoch remains, for now, below the 20 line even though the stoch has crossed. Right now it looks like a pull-back, but that could change. PA right now is indecisive. I'm going to wait and see if the CTF stoch returns to the 20 area. Starting to turn down a little now.

Everything is pretty flat except Ucad. Darn!!

Back on EU, the Prodigal Stoch returns resuming direction. !.1775 is a round number target so lets see how it reacts.