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MTF Stochastics Trading

  • #361
  • Edited 6:39pm Jul 28, 2018 6:27pm | Edited 6:39pm
His user name is dkrock. He just sent me another PM telling me I'm a dick. I'm really glad to be among adults.
  • #362
  • Jul 28, 2018 6:44pm Jul 28, 2018 6:44pm
Quoting bobby2
Below is the PM: "I shouldn't laugh, but it's kinda funny that you are too "cool" to fix your system so it works better LOL. All week long I kept wondering how bobby2 was going to trade under these conditions without any tools. I guess your answer was to just stop trading, LOL. Nice. Good that you can admit defeat anyway. See you in September, LOL" (Username withheld) This is a trader that I'm supposed to respect? Sorry. Nope. I don't think so.
He's not a trader lol, he's a forum junkie, they stand out like dogs wotzits. I thought this place may have evolved after not being around here for a few years but it's still the same. If only they got some decent ideas from the very good people around here and then disappeared for a few years and actually learnt to trade they wouldn't end up green with envy and spiteful. For some reason the wannabes end up driving the competent traders away which doesn't make sense to me, isn't that biting ones nose off to spite one's face?

Anyone on here that can trade well and has the intention of giving something back by starting a thread to help others has my utmost respect, it would be a cold day in hell before I'd do it, way too many cockwombles around the Forex Factory.
Ardua Ad Astra Per
  • #363
  • Jul 28, 2018 8:07pm Jul 28, 2018 8:07pm
Quoting bobby2
His user name is dkrock. He just sent me another PM telling me I'm a dick. I'm really glad to be among adults.
That is so funny...as I was reading your post about the rude PM I thought of dkrock...sooo funny
  • #364
  • Jul 29, 2018 3:31am Jul 29, 2018 3:31am
Please bobby2 just foget about that man. It is clear that it want you to react.
  • #365
  • Jul 29, 2018 10:40am Jul 29, 2018 10:40am
Quoting WonLi
Please bobby2 just foget about that man. It is clear that it want you to react.
Forget who ?
  • #366
  • Jul 29, 2018 12:53pm Jul 29, 2018 12:53pm
I've spent some days backtesting the system manually within some years of historical data and my own conclusion is that it is one of the most effective systems I've ever tested. It is able to bring money both on trending and ranging markets (what is rare thing to find) on different timeframes. Certainly, the key is experience in understanding stochastics (it is not a thing to tell, you have to do it by yourself) and proper MM. But, since you have got your experience, you really do not need to look at price. Look only at stochastic.
Backtesting is great thing prior to demo and live trading, it helps to sort out garbage systems that do not worth spending time on them.
Thanks, Bobby.
  • #367
  • Jul 30, 2018 3:19am Jul 30, 2018 3:19am
i think this strategy is great and profitable if we practice and learn it.

i just did not want to say it is the best. but it is suitable to me . before i learn this strategy i was familiar with genesis matrix strategy but i did not know how to use the stochastic, but now i know it and i trade well.

i attach my statement since i work with this strategy .

I'm not a professional trader, if i could make profit so every one can do. just it needs practice. and still i need to learn it. it is so soon to say that i can make profit of this strategy but i hope i can, if i can make profit for another 2 weeks. i will start to trade on live acount.
i should mention that i have to work during the london season so i dont have much time to trade. but i try to do my best. sometimes i have to close my trades early.
Thank you Bobby2 to share your idea and great strategy.
Attached Image (click to enlarge)
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  • #368
  • Jul 30, 2018 6:24am Jul 30, 2018 6:24am
Quoting hamidesigner
i think this strategy is great and profitable if we practice and learn it. i just did not want to say it is the best. but it is suitable to me . before i learn this strategy i was familiar with genesis matrix strategy but i did not know how to use the stochastic, but now i know it and i trade well. i attach my statement since i work with this strategy . I'm not a professional trader, if i could make profit so every one can do. just it needs practice. and still i need to learn it. it is so soon to say that i can make profit of this strategy but i...
Glad you find it beneficial. Thanks for posting.
  • #369
  • Jul 30, 2018 11:41am Jul 30, 2018 11:41am
Currently short on GU and AU. Considering a UJ long, but not real excited about it. GU the only one looking OK at the moment. about 7-9 pips so far.
  • #370
  • Jul 30, 2018 11:46am Jul 30, 2018 11:46am
Hi,

I noticed your thread yesterday and was very interested as I also use MTF Stochastics, along with other techniques.
I normally use 7,2,2 rather than 11,3,3 in an attempt to reduce lag, particularly for the higher TFs.

And when I noticed your MTF 11,3,3 reacting much more quickly than 7,2,2, and looking great in back-testing, I decided to look in more detail as to why this might be the case.

Now PLEASE NOTE, that I am sending this not to detract you, but to try to help and to see if there might be another explanation to explain this.

Attached is a screen shot of 3 MTF stochastics on an M1 timeframe chart, set as follows:
1) MTF Stoch v2.2 (11,3,3) set for next higher M5 timeframe
2) STOc MTF (11,3,3) set for next higher M5 timeframe
3) MT4's Standard Stochastic (55,15,15) which would directly emulate 11,3,3 in the M5 timeframe

And I have drawn 4 lines on the chart to analyze how the stochastics behave before and after these lines.

As can be seen, all three have similar shape, but the MTF Stoch v2.2's reacts much sooner than the other 2, by up to 5 bars or more.
It might be that the interpolation function used in v2.2 routine is blending future data in with past data (on the initial pass) to result in the advanced reaction???
And if so, it is clear that this sort of behavior would dramatically improve back-test results vs live trading results.

So, I would be very interested if any of you might have another/better explanation...

Thanks,
Al
Attached Image (click to enlarge)
Click to Enlarge Name: MTF Stoch v2.x Interpolation issues.png Size: 44 KB
  • #371
  • Edited 1:20pm Jul 30, 2018 1:09pm | Edited 1:20pm
Quoting albry
And if so, it is clear that this sort of behavior would dramatically improve back-test results vs live trading results. {image}
I think many of us have noticed such difference between MTF and multiplied current stoch. MTF reacts faster, but still can change its slope within next period. For example, we will get final slope of 15 min MTF stoch on 5 min chart related to 08.00 time not at 08.00 but at 08.15. I think not necessary to wait for 08.15 (and as far as I understand the rules are telling the same), probability is still on our side. That is why I am using demo trading after backtesting and result is good. I suppose that result will not change dramatically.
  • #372
  • Jul 30, 2018 3:49pm Jul 30, 2018 3:49pm
Hi Loqito,

I agree that if you are on M5 that you have the advantage of seeing the higher timeframe intrabar, and depending on your strategy acting upon that info before the M15/M30 or higher bar closes might be just fine.

However what I am talking about in the chart above is that the MTF Stoch v2.2 seems to be turning MANY M5 bars before the price turns on the M5 chart. This doesn't seem possible, so was looking for an explanation.

i.e. it seems that when the indicator is doing its initial chart painting, it might be using "future" information that would not be available when trading/calculating ongoing real-time data. This often happens when, rather than processing the data from the oldest bar to the most recent, the data is processed from most recent to the oldest bar, which blends "future" (most recent) data into the calculations. For example, I had a quick look at the code and noticed this, which seems like it might do just that:

// apply interpolation
double factor = 1.0 / n;
if(shift1>=1)
if(BufferK[shift2+n]!=EMPTY_VALUE && BufferK[shift2]!=EMPTY_VALUE)
{

for(int k = 1; k < n; k++)

{

BufferK[shift2+k] = k*factor*BufferK[shift2+n] + (1.0-k*factor)*BufferK[shift2];

BufferD[shift2+k] = k*factor*BufferD[shift2+n] + (1.0-k*factor)*BufferD[shift2];

}

}

Thanks,
Al
  • #373
  • Jul 30, 2018 8:55pm Jul 30, 2018 8:55pm
I don't about anyone else but trading small time frames such as M5 and M15 we've found that picking the right pairs to trade each day can mean the difference between a good and a bad day and it's not always easy, far from it. Something we did a few months ago seems to help, it doesn't always work but it works enough to keep it going.

We placed an invisible stoch alert on our charts and set it to H1 so it is there purely for the alerts and it alerts us to when H1 has broken the 80/20 levels. Once that happens we keep an eye on that pair and wait to see if the stoch starts traveling in the opposite direction which it quite often does. Regardless of the tools you use for S&R if you see price is bouncing off a significant support or resistance level plus the H1 stoch being either OB or OS you know there is a high probability that you are going to get the next few hours in one direction.

Depending on our daily goals trading LTF's that should be enough time to hit our trading plan percentages for the day. Just another pair choosing tool.
Ardua Ad Astra Per
  • #374
  • Jul 31, 2018 12:02am Jul 31, 2018 12:02am
Quoting albry
Hi, I noticed your thread yesterday and was very interested as I also use MTF Stochastics, along with other techniques. I normally use 7,2,2 rather than 11,3,3 in an attempt to reduce lag, particularly for the higher TFs. And when I noticed your MTF 11,3,3 reacting much more quickly than 7,2,2, and looking great in back-testing, I decided to look in more detail as to why this might be the case. Now PLEASE NOTE, that I am sending this not to detract you, but to try to help and to see if there might be another explanation to explain this. Attached...

Hi Albry
Can you attach your template !?
  • #375
  • Jul 31, 2018 6:23am Jul 31, 2018 6:23am
4 EU longs and one GU long so far this morning for +20 pips. Not easy pips either. Yeesh!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDiM5.png Size: 44 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDiM5.png Size: 41 KB
  • #376
  • Jul 31, 2018 7:27am Jul 31, 2018 7:27am
Quoting bobby2
His user name is dkrock. He just sent me another PM telling me I'm a dick. I'm really glad to be among adults.

Sounds better than being a pussy
  • #377
  • Jul 31, 2018 8:29am Jul 31, 2018 8:29am
Picked up another 10 pips on a GU short.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDiM5.png Size: 41 KB
  • #378
  • Jul 31, 2018 9:22am Jul 31, 2018 9:22am
Quoting bobby2
4 EU longs and one GU long so far this morning for +20 pips. Not easy pips either. Yeesh!{image}{image}
nice trade. i got one short one long on EU. GU was better.

the short one got me stop. and the long one made me profit. but i could not take the NY season short.
Attached Image (click to enlarge)
Click to Enlarge Name: trade8.png Size: 63 KB
  • #379
  • Jul 31, 2018 9:43am Jul 31, 2018 9:43am
Quoting hamidesigner
{quote} the long one made me profit {image}
You are the winner finally, but probably you had to exit that trade earlier Should we follow the rules all the time...this is the question...

From 1'st page:
EXIT #2: The MTF stoch doesn't make it past the 80 or 20 level, and both stochastics have turned and / or crossed.
  • #380
  • Jul 31, 2018 9:47am Jul 31, 2018 9:47am
Quoting bobby2
4 EU longs and one GU long so far this morning for +20 pips. Not easy pips either. Yeesh!{image}{image}
Dear Bobby2 can i ask you one Question ?

i want to know what was the reason that you didn't take the short trade (the one before long trade) on EU?

Thank you
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