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MTF Stochastics Trading

  • #681
  • Aug 27, 2018 4:52am Aug 27, 2018 4:52am
Quoting okshop
{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}
Hi Ok! Have seem your indicator here and at EURUSDonly thread and since I cant PM you,,, could you clarify what is the meaning of the Inputs and how to set them up?? I trade mostly on 5mTF.. sometimes 1m. Thx!
  • #682
  • Aug 27, 2018 6:15am Aug 27, 2018 6:15am
Quoting bobby2
I would like some feedback. okshop sent us an indicator that can be set to any TF. It gives arrow entry signals along with an exit signal. I'm of 2 minds about it and would like some opinions. Here is the indicator again and an M5 GBPUSD chart comparing MTF v2.1 to stochastic-signals-mtf. The level lines in the stochastic-signals-mtf indicator were added by me for reference.{file}{image}
Have been checking it and so far I like the original one better, its true this one has no delay painting the lines (which is an advantage in my opinion), but the other feels more smooth and I kinda got used to the way its drawn so is not such a bit drawback to have the delay once you know what you are looking for. Anyway is always good to have different options to choose from so thanks okshop!

Just my 2 cents, only been watching it live this morning so maybe is soon to speak.
  • #683
  • Aug 27, 2018 7:23am Aug 27, 2018 7:23am
Quoting Aerials
{quote} Have been checking it and so far I like the original one better, its true this one has no delay painting the lines (which is an advantage in my opinion), but the other feels more smooth and I kinda got used to the way its drawn so is not such a bit drawback to have the delay once you know what you are looking for. Anyway is always good to have different options to choose from so thanks okshop! Just my 2 cents, only been watching it live this morning so maybe is soon to speak.
Thanks Aerials. I appreciate your input.
  • #684
  • Aug 27, 2018 9:10am Aug 27, 2018 9:10am
Hi Bobby,

just realized after some FF abstinence your new thread.
Seems a next level ref to GMS, but first have to read it.
Nonetheless, congratulation to your decision and all the best.

josch
trading is war - life is simple
  • #685
  • Aug 27, 2018 9:19am Aug 27, 2018 9:19am
Quoting josch
Hi Bobby, just realized after some FF abstinence your new thread. Seems a next level ref to GMS, but first have to read it. Nonetheless, congratulation to your decision and all the best. josch
Hey josch, thanks for stopping by! Ready for September? LOL!
  • #686
  • Aug 27, 2018 9:36am Aug 27, 2018 9:36am
Hello everybody ,
At the end of last week tensions went high was sad to read anybody blaming anybody and everything . Didn't want to put more fuel in fire posting my loosing trades . Beginning of the week was good just from Thursday started to loose one trade after another , even doing buy the rules . I don't know what happened , was watching and left and right and different TF nothing helped . I know I don't have much experience in trading , but I understand that trading with 10pip SL , when some pairs spread I have 4pips doesn't help at all , market volatility increasing at the end of the week , stops get hit very easy , inexperience is another factor . There were and good trends and if I would have trade on one of those could recuperate for all loses ,but I didn't , not much you can do .
Today is another day , glad booby took back control of the thread and managed in his cool and professional manner , thanks to guys who are spending time to improving this system trying to help everybody here , I really appreciate .
  • #687
  • Aug 27, 2018 10:09am Aug 27, 2018 10:09am
Quoting Giedrius
Hello everybody , At the end of last week tensions went high was sad to read anybody blaming anybody and everything . Didn't want to put more fuel in fire posting my loosing trades . Beginning of the week was good just from Thursday started to loose one trade after another , even doing buy the rules . I don't know what happened , was watching and left and right and different TF nothing helped . I know I don't have much experience in trading , but I understand that trading with 10pip SL , when some pairs spread I have 4pips doesn't help at all ,...
Isn't trading funny? I had a good week other than the disastrous trade I made that cost me 70 pips and that was most certainly all my fault for not following the system rules - lesson clearly learned. I think your SL may be too tight. I was not using a stop but figured I had better put one in place in case of some errant price action one day. I put an emergency SL at 20 pips or the last swing high/low. I think the rules do a pretty good job at limiting any losses to far less than those though based on Bobby2's past trades. No trading for me today because of the UK bank holiday - I want all the odds in my favour when I trade.
Emotion - it steals your money.
  • #688
  • Aug 27, 2018 10:17am Aug 27, 2018 10:17am
This what I still have to figure out how is best to do I like small lose, but when you are touched with tip of finger and after trend resume is very, very frustrating
  • #689
  • Aug 27, 2018 10:19am Aug 27, 2018 10:19am
Win +12.5

Was late, so I did a SL at previous high, and TP at minor resistance at about 1:1 RR and went to bed.

Attached Image (click to enlarge)
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Would of been stopped out if I was watching, since Exit rules would of had me exit with a loss.

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  • #690
  • Aug 27, 2018 11:20am Aug 27, 2018 11:20am
I left few pips for you guys
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  • #691
  • Aug 27, 2018 11:26am Aug 27, 2018 11:26am
Quoting ZapPow
Win +12.5 Was late, so I did a SL at previous high, and TP at minor resistance at about 1:1 RR and went to bed. {image} Would of been stopped out if I was watching, since Exit rules would of had me exit with a loss. {image}
My thoughts: lucky you...last time I tried to hang on to a trade against the exit rules it cost me 35 pips x two positions. We don't know where price is going to go but the stochs are giving us an indication of what is happening with price. You were hanging onto a trade when the stochs were telling you that price is currently going against you. You got lucky and price went back in your favour but it could have just as well kept on going. If you existed by the rules you could have then re-entered on the next when the stochs crossed back down and you would have made your pips back and then some by the looks of things and who knows...the down move might go on for 40 pips and you are on board that train.
Emotion - it steals your money.
  • #692
  • Aug 27, 2018 11:27am Aug 27, 2018 11:27am
Quoting Giedrius
I left few pips for you guys {image}
Emotion - it steals your money.
  • #693
  • Aug 27, 2018 11:59am Aug 27, 2018 11:59am
Quoting TheSpoof
{quote} If you existed by the rules you could have then re-entered on the next when the stochs crossed back down and you would have made your pips back and then some by the looks of things and who knows...the down move might go on for 40 pips and you are on board that train.

Hindsight is 20/20
  • #694
  • Aug 27, 2018 12:18pm Aug 27, 2018 12:18pm
Quoting ZapPow
{quote} Hindsight is 20/20
Indeed
Emotion - it steals your money.
  • #695
  • Aug 27, 2018 12:24pm Aug 27, 2018 12:24pm
Quoting Giedrius
I left few pips for you guys {image}
Hi Giedrius, your exit turned out to be OK in the end, just be careful not to start making up rules for each occasion. It works sometimes but when it doesn't it can get ugly. But, No harm no foul . I'm curious about your session marker. To me it looks like you have London opening 3 hours late. Did you adjust the hours in the inputs according to your broker's GMT offset? Or maybe you have a reason? Just curious.
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  • #696
  • Aug 27, 2018 12:37pm Aug 27, 2018 12:37pm
Quoting ZapPow
{quote} Hindsight is 20/20
ZapPow, you old dog you , Has the practice I asked you to try helped you see what the MTF Stochastic is actually signalling any better?
  • #697
  • Edited 1:27pm Aug 27, 2018 1:08pm | Edited 1:27pm
Quoting bobby2
{quote} ZapPow, you old dog you , Has the practice I asked you to try helped you see what the MTF Stochastic is actually signalling any better?

Bobby,
I MUST admit, YES!
Because your forced me to backtest with the additional training wheels, I'm happy to tell you I spotted several commonalities! These commonalities appear to have a higher success rate, at least in backtesting, and at least to me!!

For the time being, I will try this below:

1) I will not be using Exit #1, but a SL at previous high, and ONLY take trades that have enough clear sailing to at least 1:1 RR.
2) Another thing I noticed was when CTF and MTF lines cross the 50 either on top of each other or very close in proximity, and both come from the 80/20 zones, price appears to have momentum in that direction.

Thank you for getting me to think for myself, Bobby!!

Ohhh, and no more TE for me...the EGO can really play games with the mind!!
  • #698
  • Aug 27, 2018 1:13pm Aug 27, 2018 1:13pm
Quoting bobby2
{quote} Hi Giedrius, your exit turned out to be OK in the end, just be careful not to start making up rules for each occasion. It works sometimes but when it doesn't it can get ugly. But, No harm no foul . I'm curious about your session marker. To me it looks like you have London opening 3 hours late. Did you adjust the hours in the inputs according to your broker's GMT offset? Or maybe you have a reason? Just curious.{image}
Yes I know bobby about rules , just I needed this couple pips to feel better talking about my time my MT4 is one hour behind as local time even if broker is local Irish . Can I somehow to synchronize I don't know how it works to be honest . Maybe I'm missing something ! This are benefits to be new you just don't care , UK and IRELAND is that same time , but if possible to synchronize please let me know if not to much troubles .
  • #699
  • Edited 6:34pm Aug 27, 2018 5:47pm | Edited 6:34pm
Quoting ZapPow
{quote} Bobby, I MUST admit, YES! Because your forced me to backtest with the additional training wheels, I'm happy to tell you I spotted several commonalities! These commonalities appear to have a higher success rate, at least in backtesting, and at least to me!! For the time being, I will try this below: 1) I will not be using Exit #1, but a SL at previous high, and ONLY take trades that have enough clear sailing to at least 1:1 RR. 2) Another thing I noticed was when CTF and MTF lines cross the 50 either on top of each other or very...
  • #700
  • Edited Aug 28, 2018 4:16am Aug 27, 2018 6:32pm | Edited Aug 28, 2018 4:16am
Quoting Giedrius
{quote} ....... talking about my time my MT4 is one hour behind as local time even if broker is local Irish . Can I somehow to synchronize I don't know how it works to be honest . Maybe I'm missing something ! This are benefits to be new you just don't care , UK and IRELAND is that same time , but if possible to synchronize please let me know if not to much troubles .
It doesn't matter where you live. It's your broker's GMT offset that they use on your trading platform.. For example, I live in Chicago in the USA Central time zone. But that doesn't matter. My broker's GMT offset is -5 (hours). Sydney opens at 4p.m. Central time, but on my trading platform it's 00:00. So in the Market sessions Input, for me, for Sydney I type a zero. Tokyo opens 3 hours later, for me Tokyo gets a 3 in the Inputs and so on. Frankfurt is 9, London is 10, NY is 15, and London Close is 19. When some countries switch back to Standard Time fom the current Daylight Savings Time, we need to adjust the times back one hour.Another way to figure out your numbers is look at the sessions bar here on FF. As each session opens mark the corresponding time that is on your platform. If the open time on your platform says 00:00 you type a 0 in your sessions Input box. It's a 24 hour clock on your platform, so 3 a.m. is a 3, but 3 p.m. is 15:00 so you would type a 15 in the input box. Is this confusing enough? Not sure if this explanation was clear, but I hope it helps.
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