MTF Stochastics 1,482 replies
MTF Stochastics into MTF Stoch Histogram 8 replies
Trading MTF STochastics Manual 13 replies
The Art of Trading with MTF Stochastics 1,016 replies
MTF Stochastics Trade Journal 12 replies
DislikedI only came across this thread an hour or so ago so no expert on this system, but, you entered the trade too late. M5 stoch was totally overbought and about to cross down. Had you entered as the M5 stoch was crossing the 50 line you could have made 5 or 6 pips. M5 is a very fast time frame to be learning a new system, I would respectfully suggest that you practice on a higher time frame.Ignored
DislikedI only came across this thread an hour or so ago so no expert on this system, but, you entered the trade too late. M5 stoch was totally overbought and about to cross down. Had you entered as the M5 stoch was crossing the 50 line you could have made 5 or 6 pips. M5 is a very fast time frame to be learning a new system, I would respectfully suggest that you practice on a higher time frame.Ignored
Disliked{quote} True, besides, the smaller the time frame, the higher the spread percentage cost, to the potential gain (or loss). A winner on an H chart, might be 50 pips, with a 2 or 3 pip return spread cost. A winner on a 5 minute chart, might be 10 or 15 pips: the spread eats a much higher percentage of that gain. Then again, you get more opportunities on the smaller time frames...but it is not for the shaky hands. You also need a broker with a decent spread cost. The best trader I know (a millonaire), trades the 5 minute chart, with a proprietary momentum...Ignored
DislikedI trade mostly the 5 minute time-frame. But that's me. I do well there. I am terrible at predicting market moves. I've said several times where I used to hang out on the Genesis Continuation thread that I have the utmost respect for traders that consistently call market moves in advance and trade H1, H4, the Daily, and Weekly time frames. It's not about the money. I just don't have the patience for it. But it simply amazes me that they do this and do it well. And then there are traders that do not look favorably on traders like me, who hunt for...Ignored
Disliked{quote} @reisai WHAT are you talking about here?! What is so hard about following 3 simple entry rules and having minimum of 5 minutes to make a decision?! The exit rules are just as easy!! In RETROSPECT everyone can be a HERO!!Ignored
Disliked{quote} @cuchuflito Are you trading this method? Have you read the entire thread? Are you familiar with the method entry and exit rules? Have you looked at all the posted charts on this thread? When you can answer YES to each of the above 4 questions, then you can criticize my choice of time frames!Ignored
Disliked{quote} True, besides, the smaller the time frame, the higher the spread percentage cost, to the potential gain (or loss). A winner on an H chart, might be 50 pips, with a 2 or 3 pip return spread cost. A winner on a 5 minute chart, might be 10 or 15 pips: the spread eats a much higher percentage of that gain. Then again, you get more opportunities on the smaller time frames...but it is not for the shaky hands. You also need a broker with a decent spread cost. The best trader I know (a millonaire), trades the 5 minute chart, with a proprietary momentum...Ignored
Disliked{quote} When using this system on a M5 chart, you effectively are trading the M15 because you want the MTF stoch "closed" while seeing the M5 last moves. So I find it rather relaxed really. I've put a 15-minutes alarm on my computer (Cron-job). Also, when running this system trough the strategy tester, 5...9 losers in a row are within expectation, but we have to do our homework to know that don't we?Ignored
Disliked{quote} That is interesting Go5, did you run the strat tester on a 24 H , continuous, or only Fra/London/ N. York sessions? I have no clue about strat testers... but I am very interested about the results! GRACIAS in advance.Ignored
DislikedI understand people trading smaller time frames, when trading full lots ,mini lots, or micro lots.(ie. fixed lots) A stop loss on a 240 chart, maybe on the last swing before entering, could be some 40 pips, and that could be a big $ risk for most of us. That is the reason why I use OANDA, the only broker with no fixed lotīs. So no mattter what time frame, I will set my stop where I want, and then adjust my lot size to the cent,meaning, if I want to risk 12, 50 EUROS, I can adjust my lot size exactly. Having said that: OANDA IS A BUCKET SHOP, they...Ignored
Disliked{quote}................................... bobby do u always set SL on ur trade?Ignored
Disliked{quote} For myself, I usually let the stochstics tell me what I need to know.{image}Ignored
Disliked{quote} Greetings bobby2 just sharing an indi for the main stoch with arrow u can use it on yr m15 and your original #MTF in the M5. Or vice versa {file} {image}Ignored
DislikedWith Bobby's permission I am posting this modified version of #MTF Stochastic v2.1. This has different Alerts to version 2.2 and is in mq4 format. The Alerts as follows; UseKDCrossAlert When the k and d lines cross UseOBOSAlert When in Overbought or Oversold position UseExitOBOSAlert When Exiting Overbought or Oversold position UseCross50Alert When crossing the 50 line. All Alerts are selected individually. My setup; Current tf, UseKDCrossAlert Higher tf, UseKDCrossAlert, UseCross50Alert, UseExitOBOSAlert Of course you can select any setup you wish....Ignored
Disliked{quote} Let's not start trashing and reviewing brokers here either. Anyone who has been in this business for a while starts out blaming brokers for all kinds of things. Yes, there are disreputable brokers, and traders may not like the various ways all brokers have of extracting profit from us, but we can't do what we do without them. Most brokers offer different "products" to their clients in the form of types of accounts. If you have a variable spread account, spreads are lower but you are charged a commission, the size of which is calculated in...Ignored