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MTF Stochastics Trading

  • #741
  • Aug 30, 2018 11:35am Aug 30, 2018 11:35am
Well, that trade didn't go as expected :-( I would have liked to have gotten out earlier when the MTF started to turn up but as per the rules I needed to wait for the MTF to finish and 'lock' in that reversal segment which of course happens 3 bars later on the 5 minute chart. I assume I did that correctly?
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Emotion - it steals your money.
  • #742
  • Aug 31, 2018 2:13am Aug 31, 2018 2:13am
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Strong resistance seems broken...Probably dangerous re-entry, but in accordance with rules.
  • #743
  • Edited 4:11am Aug 31, 2018 3:05am | Edited 4:11am
Here are 5 scenarios that i noticed with MTF stochastic that are aligned with the main rules that bobby explained in the first post. these scenarios just add a little more detail to bobby rules and guide lines and can form our expectation from a probable price move in short term future.

1- MTF is crossing 50 line and CTF is going the same way and is not in OBOS zone. in this condition there is a high probability that the price will continue to move in MTF direction and MTF will reach OBOS zone which can indicate a strong trend unless we see a divergence or strong S/R.

2- MTF is crossing 50 line but CTF is in OBOS zone and they are showing similar momentum for example MTF is going up the 50 line and CTF is above 80 going up. at this condition there is a high probability that there will be a small retrace (usually 2 candle average 50 pips on m5) and then the price will move in the direction of the MTF.

3-MTF is near 50 or even touching it but CTF is in the OBOS zone and going opposite direction of the MTF (eg: mtf above 50 and about to cross but ctf is below 20 going up) . at this point according to S/R anything can happen and its too risky to get in. but considering the divergence in CTF and MTF and S/R we can conclude on what is about to happen.

4- MTF is far from 50 line while CTF is in the opposite OBOS zone(eg: mtf is at 30% with no strong up or down direction but ctf is above 80%) . in this condition there is a high probability that the price will start moving according to the MTF zone and CTF will return to MTF zone quickly.

5- MTF is crossing 50 line while CTF is doing the same but in the opposite direction. this is a rare situation and we should wait for a better signal and avoid getting in.
the 1 & 4 scenarios have the most profits and less lose and the 2nd one with a little patience and good entry can give us good results but not as good as 1&4.
the 3rd one is a little bit tricky and can be deceiving sometimes when MTF and CTF quickly change direction.


unfortunately since my backtesting results are just written on paper i cannot show them visually but i can tell that just by trading the 1st scenario more than 60% win can easily be achieved considering that we have to wait for fixed MTF line.
if there could be an alarm for 4th scenario it would be great.
i'd be happy to hear your opinion if you see something wrong about my observations.
  • #744
  • Aug 31, 2018 7:52am Aug 31, 2018 7:52am
Quoting fullaforex
{quote} There is. Set the KD Cross alert on CTF. When the alert occurs, check the chart and act appropriately.
thanks for advice but it alerts too often without considering the angle and position of MTF. the alert should be activated only when K/D cross is in OB/OS zone and MTF is in the opposite side of 50 line and doesn't have a high angle (less than 30) like its going to join CTF. if you can do this the winning chances for trading will be doubled.
  • #745
  • Edited 10:57am Aug 31, 2018 10:36am | Edited 10:57am
As of today, Friday, August 31st, 2018, I will no longer support this thread. Except for a few a few individuals who followed the rules, the thread developed into an indicator coding thread with posters making their own rules for trades that had little to do with the original premise of this thread. After today, anybody can post whatever they want with no fear of intervention from me. My apologies to subscribers, but I am finished policing a thread where people just cannot follow rules. It's not worth my time. If you are interested, the original rules are located here, https://www.forexfactory.com/showthr...8#post11414788 I wish everyone the best.
  • #746
  • Aug 31, 2018 10:55am Aug 31, 2018 10:55am
I fully agree! But thank you for helping me to read the MTF better, i will still use it in my toolbox!! Happy trading!,
  • #747
  • Aug 31, 2018 1:15pm Aug 31, 2018 1:15pm
Quoting bobby2
As of today, Friday, August 31st, 2018, I will no longer support this thread. Except for a few a few individuals who followed the rules, the thread developed into an indicator coding thread with posters making their own rules for trades that had little to do with the original premise of this thread. After today, anybody can post whatever they want with no fear of intervention from me. My apologies to subscribers, but I am finished policing a thread where people just cannot follow rules. It's not worth my time. If you are interested, the original...
Sad that you ended up doing this, but you have a very simple solution handy, ban people and keep your post clean.

I was thinking about sharing the way I trade too, but not sure if I want to deal with what your are dealing now...
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  • #748
  • Aug 31, 2018 1:32pm Aug 31, 2018 1:32pm
Quoting bobby2
As of today, Friday, August 31st, 2018, I will no longer support this thread. Except for a few a few individuals who followed the rules, the thread developed into an indicator coding thread with posters making their own rules for trades that had little to do with the original premise of this thread. After today, anybody can post whatever they want with no fear of intervention from me. My apologies to subscribers, but I am finished policing a thread where people just cannot follow rules. It's not worth my time. If you are interested, the original...

Please Bobby2, dont go, continue with the thread.

After many years I have found something good and now you go …. please.
  • #749
  • Aug 31, 2018 2:19pm Aug 31, 2018 2:19pm
I think the biggest problem from this forum is that we have a lot of people who do not even understand the basics of forex, searching for the so called ''holy grail'' but most of these people are NEVER ready to give and invest lots and lots of hours of learning the BASICS.

In the time i've been on this forum lots of treads ended because people just are too LAZY to even read the first page with all the important rules of trading/treads. Almost always resulting in the holy grail searching tread killers who just don't see to understand that if we coperate with eachother we all could profit.

No hate, but people should start learning the basics and understanding basic rules, that way this forum would be a lot more profitable for us all.

Thanks Bobby for everything and i understand this completly
  • #750
  • Aug 31, 2018 5:54pm Aug 31, 2018 5:54pm
Hi bobby. It's sad to see you giving up so quickly, but I fully understand your reasons. Actually I'm even surprised it took you quite some time to react, as lately most of the replies on the last few pages were about alert modifications to the indicator. As for me I'm perfectly happy with version 2.1, as I don't need alerts at all. I've been trading m5, I focus on them charts and don't leave till I get my trades and then usually go for a daily target. Trading forex is a business for serious people, which very often is not considered as such. One might think that alerts suit some people trading high TFs, yet those same high TFs shouldn't take long to check the charts from time to time for those who want to succeed... I still hope you reconsider your decision. Just a quick warning and then banning if people are persistent should be enough! You showed us a way to make serious pips and I can't thank you enough. All the best to you if you choose to keep your resolution.
As my little contribution I'm attaching a pdf (which I won't deny I have printed out and keep at hand on my desk) with the original rules.
Attached File(s)
File Type: pdf MTF STOCHASTICS TRADING.pdf   231 KB | 829 downloads
  • #751
  • Aug 31, 2018 7:00pm Aug 31, 2018 7:00pm
Quoting bobby2
As of today, Friday, August 31st, 2018, I will no longer support this thread. Except for a few a few individuals who followed the rules, the thread developed into an indicator coding thread with posters making their own rules for trades that had little to do with the original premise of this thread. After today, anybody can post whatever they want with no fear of intervention from me. My apologies to subscribers, but I am finished policing a thread where people just cannot follow rules. It's not worth my time. If you are interested, the original...
Bang goes another one of the best threads on the FF but I'm not surprised. It's ironic because if you can't follow rules trading anything you are doomed to failure and yet some think they know better than someone who has had skin in the game for at least the last 8 years. This has to be one of the simplest and yet profitable systems out there so why some continually try and change things is beyond me. Thanks for the enjoyment over the last few months Bobby, I've very much enjoyed reading your thread.
Ardua Ad Astra Per
  • #752
  • Sep 1, 2018 1:07am Sep 1, 2018 1:07am
Good morning.
Just for reference, the best trader I know, has a similar momentum strategy (trades on 5 M).
His exit, would be akin to the Exit # 3, in Boby´s original rules. Meaning he would stop and mostly reverse, on an opposite signal.

It takes balls sometimes, and small winners might turn to small loosers, but he tends to hit the big runs, and more often than not, the massive runs.
I have my "own exit rules", but just double checking my last week, my profit would have been close to double with Exit # 3.

Boby and everyone here, thanks and have a gorgeous weekend.

  • #753
  • Edited 2:41am Sep 3, 2018 2:13am | Edited 2:41am
Took this short just before LO. Not sure about the timing but it looked so inviting...

Edit 8:15. It seems to struggle to break the Asian lows. I saw 14 pips. Moved stop to b/e+1, MTF stochs up to H1 still strongly pointing down, H4 in solid OS area, Daily about to leave the OB area. Monday morning usually slow and a few euro news coming up but nothing to lose at this point.
Edit 8:34. Oh well. It was not meant to be. News spike took my stop away and luckily no slippage. Trading news is a 50% chance and surely not an edge. Did I learn the lesson? LOL
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  • #754
  • Edited 4:31am Sep 3, 2018 3:59am | Edited 4:31am
Giving a shot at GU on M1 after news spike

Update 10:30. Currently 17 pips, stop moved to b/e
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  • #755
  • Sep 3, 2018 5:02am Sep 3, 2018 5:02am
This could be a scale in moment but I'm not pushing my luck, especially at this time.
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  • #756
  • Sep 3, 2018 5:28am Sep 3, 2018 5:28am
Update: took 16 pips as it seems to me things are slowing down, also I need to leave. One more reason is that today is a US bank holiday and my confidence feels a bit shaky. R:R is a bit less than 1:1 but I'm happy with it. Could have got a few more pips on the 1st trade, but hindsight is no use. Thanks once again to bobby2 and I hope that more people would spend the time necessary to learn his strategy.
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  • #757
  • Sep 3, 2018 9:56pm Sep 3, 2018 9:56pm
Quoting 4fxonly
Update: took 16 pips as it seems to me things are slowing down, also I need to leave. One more reason is that today is a US bank holiday and my confidence feels a bit shaky. R:R is a bit less than 1:1 but I'm happy with it. Could have got a few more pips on the 1st trade, but hindsight is no use. Thanks once again to bobby2 and I hope that more people would spend the time necessary to learn his strategy. {image}
Very nice trades, well done.
Ardua Ad Astra Per
  • #758
  • Sep 4, 2018 12:14am Sep 4, 2018 12:14am
Quoting bobby2
As of today, Friday, August 31st, 2018, I will no longer support this thread. Except for a few a few individuals who followed the rules, the thread developed into an indicator coding thread with posters making their own rules for trades that had little to do with the original premise of this thread. After today, anybody can post whatever they want with no fear of intervention from me. My apologies to subscribers, but I am finished policing a thread where people just cannot follow rules. It's not worth my time. If you are interested, the original...
Hi Boby, your thread, you can do whatever you like.
BUT I saw trades you posted, where you were breaking your exit rules yourself...it just happens...
  • #759
  • Edited 1:49am Sep 4, 2018 1:18am | Edited 1:49am
Quoting bobby2
As of today, Friday, August 31st, 2018, I will no longer support this thread. Except for a few a few individuals who followed the rules, the thread developed into an indicator coding thread with posters making their own rules for trades that had little to do with the original premise of this thread. After today, anybody can post whatever they want with no fear of intervention from me. My apologies to subscribers, but I am finished policing a thread where people just cannot follow rules. It's not worth my time. If you are interested, the original...
sorry bobby i didn't know that my post will be called changing the rules. doesn't Forex factory give you the ability to remove inappropriate posts and so you have to quit?
  • #760
  • Sep 4, 2018 1:58am Sep 4, 2018 1:58am
Quoting cuchuflito
{quote} Hi Boby, your thread, you can do whatever you like. BUT I saw trades you posted, where you were breaking your exit rules yourself...it just happens...
I don't think you get it mate but I'll leave it there.

Anyhoo, here's a better start today after a 2% hit yesterday through making stupid mistakes.

Got out a few pips early on this one, just another psychological battle after a losing day yesterday.

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Better effort with this one.

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Green beans!
Ardua Ad Astra Per
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