Profit growth tells you the trader ability.
- Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts
If you are good at something, never do it for free--Joker
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
Disliked{quote} In our business we are 100% mercenary. We produce nothing. We provide no service to others. Our only goal is to preserve and hopefully increase our capital. That's it. That's our job. Problems usually arise because of stress caused by trading decisions we've made. 9 times out of 10 the stress is caused either because we made a wrong assumption, for whatever reason, and / or, we over-exposed our position. This usually happens because we want to accelerate the rate of profit or cover losses produced because of an error in judgement. Some accelerated...Ignored
DislikedHi. I do not see any error. Inputs and outputs according to the rules, only the last entry that is still alive because the MTF has not left the zone of 80 yet (55 pips right now). By the way, I'm trading (in demo) eur / gb, eur / jpy, eur / usd, gb / usd, usd / cad and aud / usd, I think enough. Which pairs are you trading? Pd: today is being a great day for this system.Ignored
DislikedGuys, I'm just back home and I have to post this picture. Mistakes made of course, but I hope you will see the beauty of the system (yet again LOL). This morning I decided to go with euraud, and as you see I managed to get 3 losses in a row, with a late exit on the 3rd one as well. Then I got the winner that wiped out all three! After it started to move the right way, I had to leave for an appointment but I kept checking on my mobile. TP was at round number (50 and res) but as you see the stochs would have given more. Trade would still be open at...Ignored
DislikedWHAT NOT TO DO! I entered short and although I was aware of the support (more evident on higher TFs), I didn't bank my pips and waited for the price to go against me, I didn't close it when the MTF moved past the 20 zone and, worse, I averaged my loss with another short! Then I closed the 1st one at b/e and the second one at lower support. The reason for all this was just a feeling by looking at the way the price was moving, giving me some sort of confidence it would turn right. A feeling??? This is a mistake, but I'm sure nobody needs me to tell...Ignored
Disliked{quote} Mate do you wait for the MTF to close once over the 50 level before entering or do you enter whilst the current M15 candle is still open? By the way, you should be delighted, you're doing really well with this system trading it like a boss.Ignored
Dislikedi have a question. what is the difference between bobby MTF stochastic 15m with parameters 11/3/3 on a 5m chart and a normal stochastic with parameters 33/9/9 (11/3/3 multiplied by TF coefficient)on the same chart. it looks like the same. isn't the normal stochastic more precise?Ignored