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MTF Stochastics Trading

  • #141
  • Jul 5, 2018 6:25pm Jul 5, 2018 6:25pm
Quoting will197
Hi Bobby2, very interesting system, I have tried other indicator, but no success. I will look into your system. Keep up the good work and thanks for sharing. by the way, I live close to Chicago, west of O'hare. Will
Hi Will, welcome to the thread. I live on the Far South Side.
  • #142
  • Edited 6:53pm Jul 5, 2018 6:28pm | Edited 6:53pm
kasrafx has said he couldn't find my trades from today. Here's an image with aii entries and exits from today Thu, 7/5/2018 marked. As stated earlier it was an FOMC news day. I was scalping a ranging market. Do not PM me and ask me to explain what has already been explained . On this thread there are pictures of live trades, explanations, many examples. Do some work folks. It's not rocket science.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDiM5.png Size: 36 KB
  • #143
  • Edited 6:52pm Jul 5, 2018 6:32pm | Edited 6:52pm
Quoting mistakesr
Hi guys, I read on this thread a few of you talking about an MTF stoch with alerts. As luck would have it we received ours back from our coder just yesterday with alerts for two levels, screen/sound and push notifications. I messaged Bobby and he's happy for me to upload it so I hope you find it helpful. Cheers. {file}
Thanks mistakesr, I'll check it out.
  • #144
  • Edited 8:04pm Jul 5, 2018 7:45pm | Edited 8:04pm
Quoting mistakesr
Hi guys, I read on this thread a few of you talking about an MTF stoch with alerts. As luck would have it we received ours back from our coder just yesterday with alerts for two levels, screen/sound and push notifications. I messaged Bobby and he's happy for me to upload it so I hope you find it helpful. Cheers. {file}
I have edited the zip file (Indicators and Template) in the original post to include MTF Stochastic v2.2 with level alerts. On the inputs the sound is enabled and the upper and lower levels are both set to 50. If it starts to drive you batty, You can disable the sound (and change the levels) manually if you like. The templates file also includes the IFR Practice Template. Thanks again for sharing mistakesr.
Attached File(s)
File Type: zip MTF Stochastics trading.zip   67 KB | 875 downloads
  • #145
  • Jul 5, 2018 7:58pm Jul 5, 2018 7:58pm
Quoting bobby2
{quote} Thanks again for sharing mistakesr. {file}
No problem, I hope it helps.
Ardua Ad Astra Per
  • #146
  • Jul 6, 2018 2:47am Jul 6, 2018 2:47am
how to make it work on mt5?
  • #147
  • Jul 6, 2018 4:00am Jul 6, 2018 4:00am
Quoting ttaro27
how to make it work on mt5?
I answered your PM, check your box, and so nobody thinks I'm hiding things my answer to the PM was I don't know. It's possible an MT5 version already exists? Maybe mistakesr knows? Try submitting it to a coding thread here on FF or the MQL5 Community thread? Good luck. My platform is MT4. I have never used MT5. And no, we don't want to have a MT4 vs MT5 discussion, please no.
  • #148
  • Jul 6, 2018 7:38am Jul 6, 2018 7:38am
Quoting bobby2
kasrafx has said he couldn't find my trades from today. Here's an image with aii entries and exits from today Thu, 7/5/2018 marked. As stated earlier it was an FOMC news day. I was scalping a ranging market. Do not PM me and ask me to explain what has already been explained . On this thread there are pictures of live trades, explanations, many examples. Do some work folks. It's not rocket science.{image}

Dear Bobby , Thanks for your reply and sorry if I bother you with my questions. I didn't mean that I couldn't find your trades , maybe I haven't been able to explain my meanings well because of my poor english. Infact I wasn't able to find your rules exactly for these entries . As I see in your entries the MTF STO is below the 50 line and the CTF is moving up and down during your entries and it made me confused to find the rules for your entries. Anyway Thanks again for your reply and wish you green pips.
  • #149
  • Jul 6, 2018 8:47am Jul 6, 2018 8:47am
Quoting kasrafx
{quote} Dear Bobby , Thanks for your reply and sorry if I bother you with my questions. I didn't mean that I couldn't find your trades , maybe I haven't been able to explain my meanings well because of my poor english. Infact I wasn't able to find your rules exactly for these entries . As I see in your entries the MTF STO is below the 50 line and the CTF is moving up and down during your entries and it made me confused to find the rules for your entries. Anyway Thanks again for your reply and wish you green pips.
It wasn't your question that bothered me. Nobody posts in the thread but I get 10 PM's a day from people who never participate in the thread asking me about rules that are already written, with examples, and they're looking at the every trade on the TE and trying to find them up on their charts and, hey bobby I found some trades that don't match my charts, what's up with that?, ..............What the hell do we have a thread for if my phone is buzzing with PMs all day?

I don't have a problem with people asking questions, and an even less problem with language barriers. People come here, download the template and indicator but don't bother reading the thread. That bothers me.

Don't worry about it. We're good. But please post your trading questions here. Maybe someone else has an opinion too.
  • #150
  • Jul 6, 2018 9:17am Jul 6, 2018 9:17am
Quoting bobby2
kasrafx has said he couldn't find my trades from today. Here's an image with aii entries and exits from today Thu, 7/5/2018 marked. As stated earlier it was an FOMC news day. I was scalping a ranging market. Do not PM me and ask me to explain what has already been explained . On this thread there are pictures of live trades, explanations, many examples. Do some work folks. It's not rocket science.{image}
I would say the trades were taken because the CTF and MTF were going in same direction and MTF was indicating sell.
The fourth trade was a bit of an outlier in regards to rules (I think)
  • #151
  • Jul 6, 2018 10:36am Jul 6, 2018 10:36am
Bobby,

Thanks for your efforts and letting people know about your easy trading system. I was checking that system and your trading exploer for a couple of days and had a good feeling for it.

I know you were already planning to delete the Trading Explorer this week for the reasons you mentioned; it's ok but early today I was looking at you your Trading Explorer and saw you had many eurusd sell trades in which you were having huge losses. Around -150 pips or so. Then in the afternoon I saw that your explorer suddenly disappeared. You could have waited till the week-end but you deleted it before we see the whole week results of you.

I know you do not have to make everybody beleive your system is successful and you don't have to even answer to that question but the thing happened today made me feel a little bit suspicious and may be I do not have enough reasons to feel suspicious so I decided to ask you. What was the problem? Why were you in losses and why did you close the trading explorer when you had big losses?

I am not accusiing you for anything, Just asking my friend. Thanks in advance.
There are no weapons that will form against my financial prosperity.
  • #152
  • Jul 6, 2018 3:48pm Jul 6, 2018 3:48pm
Quoting birpinar
Bobby, Thanks for your efforts and letting people know about your easy trading system. I was checking that system and your trading exploer for a couple of days and had a good feeling for it. I know you were already planning to delete the Trading Explorer this week for the reasons you mentioned; it's ok but early today I was looking at you your Trading Explorer and saw you had many eurusd sell trades in which you were having huge losses. Around -150 pips or so. Then in the afternoon I saw that your explorer suddenly disappeared. You could have waited...
I was screwing around with it, that's all. Decided to have a bit of fun with the USD news, something I would never do with real money. The demo was going to be toast at London close anyway. I had that thing up for 2 weeks, , win rate a tad above 80 pct., profit factor over 4.0, almost doubled the account, and had exactly one compliment about it the whole time it was up. I'm not fishing for compliments, and now maybe now we can focus on the purpose of the thread instead of that goofy TE demo.

Here"s the way this works, OK? I presented an idea. If it appeals to someone they try it out themselves. If they like it they use it as is or incorporate it into some other method they are comfortable with. Hopefully it benefits them somehow. If they don't like it they deep-six it and move on. Simple, right? You would think so. I'm probably being naive, but I never fully realized how lazy and mean-spirited people could be until I put that TE up. Nut cases popping up out of the woodwork like daily. You would think I was charging them a subscription fee for signals and I was fleecing them blind. No, I won't be losing any sleep over the demise of the TE.
  • #153
  • Jul 6, 2018 4:16pm Jul 6, 2018 4:16pm
Hi Bobby and all traders, I was long time far from FF I was trading alone. As now my vacancy start I have more time to discuss Bobby system.
The idea is awesome and if u master it u can minimise to maximum your losses.
I already tested the system for approximately 3 weeks, first week was for reading well the charts and stochastic movement next 2 weeks was like real trading.
I have proves that the system is perfectly working. In 2 weeks I reached 12 consecutive win with 2 consecutive losses and those losses too small comparing to win.
The idea is to get used how to read stochastic move and master it to reach the perfect result.
Nice amazing work bobby.
  • #154
  • Jul 6, 2018 4:21pm Jul 6, 2018 4:21pm
@birpinar, excuse my rant, I forgot to say thank you for the kind words and welcome to the thread. I hope it benefits your trading.
  • #155
  • Jul 6, 2018 4:27pm Jul 6, 2018 4:27pm
Quoting Lebaneese
Hi Bobby and all traders, I was long time far from FF I was trading alone. As now my vacancy start I have more time to discuss Bobby system. The idea is awesome and if u master it u can minimise to maximum your losses. I already tested the system for approximately 3 weeks, first week was for reading well the charts and stochastic movement next 2 weeks was like real trading. I have proves that the system is perfectly working. In 2 weeks I reached 12 consecutive win with 2 consecutive losses and those losses too small comparing to win. The idea is...
Thanks for the kind words, welcome to the thread, and I hope the information here continues to be of benefit to you.
  • #156
  • Jul 6, 2018 7:12pm Jul 6, 2018 7:12pm
Hey Bobby
Thanks for this
I am going to be testing this on the daily.
here are my pairs with first trade open.
I will open with the cross of 50 MTF and CTF in direction agreement close when Green MTF crosses 20/80.
Chris
Attached Image (click to enlarge)
Click to Enlarge Name: bobby.jpg Size: 539 KB
  • #157
  • Edited 10:05am Jul 7, 2018 9:08am | Edited 10:05am
Quoting cfudge
Hey Bobby Thanks for this I am going to be testing this on the daily. here are my pairs with first trade open. I will open with the cross of 50 MTF and CTF in direction agreement close when Green MTF crosses 20/80. Chris {image}
Thanks for reminding me. We haven't really had much discussion on the higher TFs.

LOL, 28 pairs should do the trick . Just keep in mind is the MTF Stochastic for the Daily is a weekly signal and during a 5-day trading week you'll need patience to wait for any changes in the signal. At times there will be consecutive days when price is going against your position, just as in the lower TFs but on a larger scale.

I think our most difficult task in reading our combo of stochs is when they head in different directions. Is it the beginning of the end, or is it just a temporary pullback? All we can really do is wait to see which stoch blinks first and joins the other. It's a little easier to see on a smaller time frame because it happens faster, but it's really all the same. The only difference is the time needed for things to happen. That's another reason it's important for us to try things for ourselves. In order for trades to be consistently successful, we need to have confidence in our signals and, for better or worse, we only get that from personal experience. Thanks for testing, I look forward to the results.

I also want comment about looking at oscillating indicators in general, such as a stochastic, especially multi time frame oscillators, on a live chart as opposed to a static chart. And if you've been trading for any length of time you know this, so just a reminder. Oscillating indicators represent price movement. During the life span of a price bar on whatever time frame you're watching, price will fluctuate and the oscillator reacts to the change in price, not visa versa. Therefore we need to wait for the close of that price segment to see a final permanent result. The MTF oscillator may not be finished yet because it is measuring price on a different price segment that hasn't finished yet. When you look at static charts all actions have been completed and are final. You may see a signal on your live charts and , depending on the TF, that MTF oscillator might look different later in time. Just a reminder. Little by little as you get more experience watching the signals on live charts you will start to have an idea of which signals look like HP trades and which signals should be ignored. You won't be correct 100% of the time, but with practice, and it's not really all that difficult, but with some practice, your trade selection will improve. That I can promise you.
  • #158
  • Jul 8, 2018 4:40am Jul 8, 2018 4:40am
Quoting ttaro27
how to make it work on mt5?
Hello Ttaro,

Did you manage to find a MTF Stochastic for MT5 ? Please let me know where I can find it.

Cheers
  • #159
  • Jul 8, 2018 9:20am Jul 8, 2018 9:20am
I'm thinking after Monday London open, later on, we could take a look at some live trades. It doesn't mean I'll give trading signals. That's not possible because we are not predicting, we are reacting. But I'll post a live trade or two if I see them. I'll be watching EURUSD on the M5 and/or M15 time frames. I will use the template I posted for the thread with no other additions to the chart.

We might not get a lot of pips because it will be Monday and it's the 2nd week of July, but at least we can take a look at a few charts and the strategy. I'm not expecting any fireworks but we'll see what we can see.

I know I said I wouldn't do this again, but it sounds like some traders are conflicted / confused, about something, what I don't know, but we'll see if we can clear up any misconceptions. I'll try and be here for the start of the London Open. If I'm not here when it opens I'll be here soon.

Note: cfudge will be monitoring 28 pairs on the Daily charts and I look forward to hearing how that goes. (no pressure cfudge, no pressure)
  • #160
  • Jul 8, 2018 1:34pm Jul 8, 2018 1:34pm
Hi Bobby and thanks for your trading strategy. I suppose, that there was a post about using current stochastic with multiplied settings instead of MTF. It gives real-time picture. For example - 66/18/18 for H4 instead of MTF 11/3/3. What do you think about that?
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