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MTF Stochastics Trading

  • #841
  • Sep 21, 2018 3:50am Sep 21, 2018 3:50am
Quoting mistakesr
{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.

Hello everyone.

I have the same question, what do you do? I wait for the MTF to close eleven over the 50 level before entering but this can make it very late, maybe 15 or 20 minutes later, this is my big question.

Edit: I read you answer 4fxonly
  • #842
  • Sep 21, 2018 4:24am Sep 21, 2018 4:24am
Quoting 4fxonly
{quote} I have no idea how the MTF is calculated but you can compare your suggestion in real time. Here is a chart that shows the MTF and the stochs with your settings (dotted lines). At a first glance the main difference I notice is that the MTF appears to be faster. Also other MTF stochs displaying like steps don't seem to match bobby's version, even on the levels. I don't know how all this stuff compares in real trading, but I will stick to the version that we have. Only worry is, if it's true that MT5 will at some point replace MT4, to find...
thanks for response. you're right i didn't put them all in one window. also i noticed the normal stoch gives more false signals and crosses 50 while the MTF doesnt.
  • #843
  • Sep 21, 2018 6:42am Sep 21, 2018 6:42am
That's my trades for today. I took EU only after all the EUR news and closed it with a little gain (luckily) when I had the impression it wasn't moving up anymore. I could have entered the short after, which would have been a good trade but I decided to stick with GU already open and pushing down.
From now on I'm not showing any more trades because it feels like I'm boasting off. If there's someone who should post trades, that would be bobby, but we know that's not going to happen.
That said, you guys know when to enter and when to exit. So it's your turn now.
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  • #844
  • Sep 21, 2018 7:02am Sep 21, 2018 7:02am
Quoting 4fxonly
That's my trades for today. I took EU only after all the EUR news and closed it with a little gain (luckily) when I had the impression it wasn't moving up anymore. I could have entered the short after, which would have been a good trade but I decided to stick with GU already open and pushing down. From now on I'm not showing any more trades because it feels like I'm boasting off. If there's someone who should post trades, that would be bobby, but we know that's not going to happen. That said, you guys know when to enter and when to exit. So it's...

Only one thing, what type of entry is Gbp / Usd? Is it a reentry? what does it consist of?

Thank you.
  • #845
  • Sep 21, 2018 7:06am Sep 21, 2018 7:06am
Quoting geosevilla
{quote} Only one thing, what type of entry is Gbp / Usd? Is it a reentry? what does it consist of? Thank you.
Yes, reentry of course. MTF was steady down, although to be honest I anticipated it a bit when the CTF was a slightly up but quite a few GBP pairs were down at the time.
  • #846
  • Sep 22, 2018 10:23pm Sep 22, 2018 10:23pm
Really enjoyed this short video on trading with fear.

Inserted Video


and this one, maybe a bit out there for some but meditating whilst trading.

Inserted Video
Ardua Ad Astra Per
  • #847
  • Sep 24, 2018 12:32am Sep 24, 2018 12:32am
Quoting mistakesr
Really enjoyed this short video on trading with fear. https://www.youtube.com/watch?v=nhqOKq_ZFvs and this one, maybe a bit out there for some but meditating whilst trading. https://www.youtube.com/watch?v=In-ejRrBAIo
Thank you @mistakesr, great stuff ... can be applied not only to trading, but poker as well!!
Thank you!!
  • #848
  • Sep 24, 2018 10:17am Sep 24, 2018 10:17am
Another great day for this system:

Euro/dollar: +25
Euro/Gbp: +11
Euro/Jpy: +35
Gbp/Usd: +38
Usd/Jpy: +2
Aud/Usd: +1
Usd/Cad: +19

Today I have introduced a new pair but I am thinking that there are many trades per session, around 20 and this makes it very stressful.
I'm thinking of staying with only 3 or 4 pairs and this makes the trades per session are between 6 and 10. Less stressful and I can concentrate better.

I think I'm going to stay with the following pairs as I operate the London session:
Euro/dollar, Euro/Gbp, Eur/Jpy and Gbp/Usd

I'm still on demo with this strategy, I do not know for how long, I guess until I'm totally sure of it and I feel comfortable, at least a couple of months more.
  • #849
  • Sep 24, 2018 10:53am Sep 24, 2018 10:53am
Quoting geosevilla
Another great day for this system...
Brilliant, mate! Youre gonna rock when you go live!
Opposite to what I said, I will post a few more trades (hoping that people will feel a bit compelled to do the same), to show that even with a crappy management this strategy still delivers pips. That's the only trades I have taken today. I slept in and missed a few good ones. Then entered very late on the long GJ as for a few reasons I thought it had some juice left (that's also why I didn't close it early) but, beside my reasons, the MTF was still supporting it. I closed it on my mobile as I had to go a family lunch and wasn't feeling comfortable keeping it open. It would have given quite a few more. The other two were taken when I was back home and both spikes caught me by surprise simply because I was distracted and didn't manage to close with more pips, as both were hitting support. But still you can see the tally is not too shabby. Come on guys, post your trades...
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  • #850
  • Sep 24, 2018 11:31am Sep 24, 2018 11:31am
Quoting 4fxonly
{quote} Brilliant, mate! Youre gonna rock when you go live! Opposite to what I said, I will post a few more trades (hoping that people will feel a bit compelled to do the same), to show that even with a crappy management this strategy still delivers pips. That's the only trades I have taken today. I slept in and missed a few good ones. Then entered very late on the long GJ as for a few reasons I thought it had some juice left (that's also why I didn't close it early) but, beside my reasons, the MTF was still supporting it. I closed it on my...

I was looking at the Gbp / Jpy pair and I do very good rallies, I think I'll include it in my follow-up although it gives a bit of vertigo.
  • #851
  • Sep 24, 2018 11:39am Sep 24, 2018 11:39am
a question, I am with a demo with 1000 pounds and a leverage of 1:30, how many lots with would you enter a trade?

I believe that with 0.01 lots per 1000 pounds, am I right? what do you think?

Thanks
  • #852
  • Edited 1:14pm Sep 24, 2018 1:04pm | Edited 1:14pm
Quoting geosevilla
a question, I am with a demo with 1000 pounds and a leverage of 1:30, how many lots with would you enter a trade? I believe that with 0.01 lots per 1000 pounds, am I right? what do you think? Thanks
Just my opinion - try to calculate your lot using reasonable SL and reasonable MM like 1-2% of your depo in case of SL per each trade. I am also on demo and probably will start live trading after New Year (if I will be satisfied with my performance). And also I would be very cautious with GBP pairs, because Brexit thing is not over.
  • #853
  • Sep 24, 2018 2:03pm Sep 24, 2018 2:03pm
Although I agree with Loqito about having such a sensible MM, you will need to calculate it yourself. Everybody's risk appetite is different and also, I'm sure you know fine, the more you risk the more scared you might get and that will cloud your judgment, thus affect the final performance. Old stuff, but still valid nowadays.
  • #854
  • Sep 24, 2018 3:27pm Sep 24, 2018 3:27pm
Quoting geosevilla
{quote} I was looking at the Gbp / Jpy pair and I do very good rallies, I think I'll include it in my follow-up although it gives a bit of vertigo.
Try the Dax and you'll see what vertigo means!
  • #855
  • Sep 24, 2018 4:02pm Sep 24, 2018 4:02pm
side ways ready to get up
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Profit growth tells you the trader ability.
  • #856
  • Sep 24, 2018 6:22pm Sep 24, 2018 6:22pm
Quoting geosevilla
a question, I am with a demo with 1000 pounds and a leverage of 1:30, how many lots with would you enter a trade? I believe that with 0.01 lots per 1000 pounds, am I right? what do you think? Thanks
I think you are right
here is a position size calculator I find very handy
Try this one it is good
Attached File(s)
File Type: ex4 PositionSizeCalculator.ex4   18 KB | 317 downloads

Attached File(s)
File Type: mq4 PositionSizeCalculator.mq4   11 KB | 357 downloads
  • #857
  • Sep 24, 2018 10:31pm Sep 24, 2018 10:31pm
Here's a couple of trades, the first one is a good example of the necessity to pay attention when trading M5 even during the Asian session. It went nearly +8 which is just under 2% for me and I ended up about - .5% because of distractions and not reacting to the CTF stoch turning.

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As Bobby mentioned in his excellent post a few weeks back we should be grateful for profits, no one died, the account is still growing but this is what happens when a trader is sometimes still struggling with fear. Personally I use weekly pivots for S&R levels and I could use the excuse that exiting at pivot levels is part of my plan which it is but on this occasion I'd be lying, it was fear. Instead of trusting the stoch and taking 3% I jumped ship at 1.2%.

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On a side note, even though this year I've become profitable after 4 years of learning I still struggle with fear and primarily because my lot sizes have increased substantially. I've been given much advice but there are two things that stand out in helping me with that, the first is concentrating on process and not thinking about money, pips or anything else, just believing in the system and knowing that if I stick to the rules I have an edge and a very good expectancy. The other one is my introduction to meditation, I cannot rate it highly enough, for something that takes very little to learn, is free and takes no more than 15-30 minutes a day it's pure gold and not just for trading but many aspects of our lives. Give it a go, you just might amaze yourself.
Ardua Ad Astra Per
  • #858
  • Sep 25, 2018 1:55am Sep 25, 2018 1:55am
Two more Asian session trades, can you see how us Australians have to pick the dregs of all sessions lol, I'll take the just under 4% today and give LO a miss.

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Green beans!
Ardua Ad Astra Per
  • #859
  • Sep 25, 2018 2:54am Sep 25, 2018 2:54am
Quoting mistakesr
Here's a couple of trades, the first one is a good example of the necessity to pay attention when trading M5 even during the Asian session. .....
That's what I was speaking about. Probably that helps more than impeccable trades.
  • #860
  • Sep 25, 2018 3:13am Sep 25, 2018 3:13am
Quoting 4fxonly
{quote} Try the Dax and you'll see what vertigo means!

Yes, I know, my father has 67 years old and he trades the dax.
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