MTF Stochastics Trading

Good morning all!
Most pairs are at or around s&R levels, mainly in consolidation and and not much happening so there's some time to look at a few things.

1) The MTF stoch indicator we are using are set to show us the next highest time frame from whatever current time frame we are using. If you are looking at M5 you will see the M15 MTF stochastic, M15 CTF-M30 MTF, M30 CTF- H1 MTF, H1 CTF-H4 MTF, H4 CTF-D1 MTF, etc. Only the monthly TF does not have a next higher time frame on our MTF stochastics indicator. The setting in the Inputs allows us to manually dictate which TF the MTF indicator shows. Our settings are set to automatically select the next highest time frame. If you want to change the settings to show a different view on your charts you can do that. Just set the "Next Higher Auto" to False and in the Time Frame input choose the time frame you wish to see. Here is a chart with several time frames shown. CTF is M5.

2) Mostly I have shown trades taken on the M5 charts. That's mainly because until we get all the noise from this week's news announcements there will probably be no clear direction in the markets. When markets are ranging I usually stay on M5 and M15. That doesn't mean that we can't trade other time frames. Please trade any time frame you want. It's just that when markets are not trending I'm a scalper, but the TF is your choice.

3) All I ask is if you post charts here please use the template from the 1st post. Why? I've seen it a thousand times, and in every single instance the thread gets hijacked. The purpose of the thread is to explore the potential profitability using these charts, exactly as they are.

4) If you are using this method to trade, please show us your results with a posted chart. Don't be shy. This thread isn't intended to be the bobby2 show. Please share your results with us.

EU short
UCh short, late entry

It may be helpful. It's just that this is not the thread to present it. No hard feelings. All is good.

Close call

If you are want to mimic MTF stoh - try stoh with settings 44-12-12. H4 is greater as H1 4:1, so 11;3;3 stoh * 4 is like MTF H4 stoh but without lags or repainting.

is anyone awake?

hi bobby2
thanks for sharing great info i like scalping will try this out im subscrebed

Welcome aboard roddy321.

For those of you who have never seen or heard of it. I'd like to introduce you to a kind of trading practice that I found extremely helpful in learning to read stochastic signals.

On the original Genesis Matrix Trading System thread, the OP, realjumper, posted an analogy comparing trading via technical charts to flying an airplane. Pilots are trained to fly using visual references (VFR), and also how to fly by only looking at their instrument panel (IFR). You can read RJ's post here: https://www.forexfactory.com/showthr...fr#post6015643 Post # 4,139

I like to do this practice on the weekends when the markets are closed. black out all the price bars on the main chart and any other references you may have like S&R lines, pivots, moving averages, etc until your main chart is completely blank. Now you have a blank chart wiith only sub-window 1 that has the current time frame stochastic together with the multi-time frame stochastic. Make sure the MTF stochastic is set to show the next highest time frame up from the current time frame. Make a template and label it IFR Practice or IFR, something like that. The current time frame you use for practice doesn't matter. It's probably best to choose the one you trade most often. Or you could use the template provided below the image.

Choose a currency pair you are unfamiliar with and scroll back in time to a random spot. You can advance the chart tick-by-tick by pressing F12 on your keyboard. Mark entries with a green line and exits with a red line as you advance the chart and watch sub-window1, our instrument panel. After a while say 2 or 3 London session periods, turn the price bars back on. go back and mark Entry bar Opens and Exit bar closes. How many pips won or lost? I have shown this method to other traders who wanted to improve their stochastics interpretation skills, and they all seemed to find value in this kind of trading Try it and let us know how your practice session went.

Examples:

Just trying out this, today asia trade EA long

GA long Asia session

Another Asia session AN short

AUDCHF in progress, lets wait and see

Hi to all .

I currently have 4 positions open to my real account. I quote these four pairs with the alleged entrances and exits according to bobby2 rules

I'm not sure if the entries and exits are correct. Some of them are still runing.
Let's see what happens.

Hi Bobby. Interesting strategy. Is it possible to add push alert when MTF Stoch cross 50 line?

I don't know. I submitted a request to to one of the coders threads a long time ago but no one ever picked it up. It would be nice if it could be done.

Good to see others trying it out AND making pips . When you post, please use this thread's template. Got in a late long on GU (woke u late ) but still managed almost 24 pips.

Ouch! What is going on with TE? Unexpected news?

update.-

The GU longs that were on the TE Thu., 6/14 and Fri., 6/14 were't supposed to be on that account. The mistake was mine and had nothing to do with this thread. I apologize. There.s an explanation, but it's so stupid even I don't believe it. Again, sincere apologies.

Below is a screenshot of the original TE's trades and results from the 1st week. I've attached a new TE that will begin Sunday, June 17, 2018 funded with what is close to the balance that was in the 1st TE. Sorry for any confusion. The screenshot below has also been added to the 1st Post