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MTF Stochastics Trading

  • #921
  • Nov 5, 2018 9:46am Nov 5, 2018 9:46am
Quoting obiwandax
... (I am guessing this thread will now explore variations, thus diverging from the core rules.) ...
  • #922
  • Nov 5, 2018 3:02pm Nov 5, 2018 3:02pm
Quoting obiwandax
{quote} ha-ha! good for you. I have modified the MTF to give me an email alert as well. (but only for the 50 cross) If I were coding it, I would have to infer a slope by comparing the mtf[1] value (last closed bar) to the mtf[x] closed bar. ([x] being a set of bars before the current bar). if the mtf[1] > mtf[x] then infer an upward slope. and the reverse for downward slope. but the decision as to how many bars you look back is an intuitive judgement.
maybe I used the wrong word "slope" - I just meant that the MTF4h should be in the same direction (up for long...) than the MTF1h

I use the MTF dashboard (see attachement) - there the direction of the MTF is coded by red/green

looking foreward to your code
Attached Image
Attached File(s)
File Type: ex4 MTF DashBoard v3.ex4   76 KB | 591 downloads
  • #923
  • Nov 5, 2018 3:04pm Nov 5, 2018 3:04pm
Quoting 4fxonly
{quote}
that is not right - I keep absolutely to the original rules - I just try to filter wrong 50cross
  • #924
  • Nov 5, 2018 5:14pm Nov 5, 2018 5:14pm
Quoting TheSpoof
... Are those of you that still trade this waiting for the MTF to close below/above the 50 before entering? Man, I always feel that gets in moves late...you just hope it keeps going. {image}
I must have missed your post and I'd like to share now my view on this, and for that I'm going to paste a few lines from bobby's pdf "It may be prudent to wait for for the MTF Stochastic indicator to complete its cycle (wait for a complete, permanent record), but part of a traders job is trade management. Market conditions may influence a trader to use their own discretion in interpreting the position and action of the indicator. A trader should always do what they feel is best for the trading account."
Very often (as others have posted already) I don't wait for the MTF to complete its cycle. If you think about it, that would actually defeat the purpose of using an MTF indicator. We might as well use a normal indicator in that case and if trading 5 min, wait for the 15 min to close, don't you think? In many cases it would be too late. As bobby said, trade management is part of the game. The direction of the MTF and the 50 line breakout tells us a microtrend is already on its way. If the indi reverts back, too bad, we close the trade and consider maybe an opposite entry, or we wait for another signal. There is no escape, unless one trades mechanically. My way to filter bad trades, as I said a couple of posts ago, is to pick what looks like momentum trades, with a nice slope of the MTF moving from the top/bottom. I might also take reverse trades after failed breakouts. But I always search for momentum. I have no magic wand though, and each time I open a trade, I am aware that the price might move against me. Well, too bad... Close, rinse and repeat! I'm sure nobody here needs bobby or me say that. This is an essential part of a trader's education.
  • #925
  • Nov 6, 2018 2:09am Nov 6, 2018 2:09am
Quoting hundsbua
{quote} that is not right - I keep absolutely to the original rules - I just try to filter wrong 50cross
Ok, but I see some quite "rich" charts there...
  • #926
  • Nov 6, 2018 3:03am Nov 6, 2018 3:03am
just for clarification how I trade the MTF Stoch system in 15min Chart

Rules for LONG:

SStoch (Setting 11,3,3) Trend UP / Value of KPeriod over 50
AND
MTF 1h (Setting 11.3.3) Trend UP / Value of Kperiod over 50
AND
MTF4h (Setting 11,3,3) Trend UP / Value of Kperiod over 20

Rules for SHORT

SStoch (Setting 11,3,3) Trend DOWN / Value of KPeriod below 50
AND
MTF 1h (Setting 11.3.3) Trend DOWN / Value of Kperiod below 50
AND
MTF4h (Setting 11,3,3) Trend DOWN / Value of Kperiod below 20

Example for Long Entry
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenanntl.JPG Size: 126 KB


Example for short Entry
Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannts.JPG Size: 134 KB




Best Hundsbua
Attached File(s)
File Type: ex4 #MTF Stochastic v2.2.ex4   26 KB | 737 downloads
  • #927
  • Edited 3:20am Nov 7, 2018 2:51am | Edited 3:20am
I would like to show a trade that i just took based on what I said in my last post on momentum, even before the bar closed. Both the the CTF and the MTF were pointing down with a strong angle. Now it's only about managing. I might be wrong but the stop loss for now moves down...
EDIT: seen 15 pips, stop at b/e
EDIT: Closed at 14 pips. The 1 min bars have been hanging at the previous support level which seems to hold strong for now. I was hoping for the 50 level but it's U.S. election time and I don't have any intention to wander about.
What I wanted to point out is that this kind of trades seem to scream "Take me!" (at least to my ears)...

P.S. - Apologies for not showing the pair on the first pic, as I didn't realise the shot didn't include it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2018-11-07_08-45-16.jpg Size: 244 KB
Click to Enlarge Name: 2018-11-07_09-13-51.jpg Size: 175 KB
  • #928
  • Nov 7, 2018 4:06am Nov 7, 2018 4:06am
Quoting hundsbua
{quote} maybe I used the wrong word "slope" - I just meant that the MTF4h should be in the same direction (up for long...) than the MTF1h I use the MTF dashboard (see attachement) - there the direction of the MTF is coded by red/green looking foreward to your code {image} {file}
Just noticed the "code" comment.
I attach MTF Stochastics Alert V3.

Notes:
1: field Pricefield is now updateable. It allows you to choose whether the Stochastics use High/Low (0) or Close/Close (1).
(I prefer Close/Close, as the slopes are steeper, and lines go higher and lower into OB/OS area. It seems clearer for me.)
2: new field SendEmailAlert added. This is for the 50Cross only.
3: all code changes are marked OWD01 (ObiWanDax, change 01), so anyone see my specific changes.
4: I am assuming you know how to enable emailing!
4a: Options / Email tab: tick "Enable", etc.
4b: ensure you have an email that doesnt stop incoming emails, etc.

Caveat: You download and use this at your own risk. For educational purposes only. No guarantees are granted or implied!
Attached File(s)
File Type: mq4 MTF Stochastic Alert v3.mq4   11 KB | 675 downloads
  • #929
  • Edited 5:38am Nov 7, 2018 5:13am | Edited 5:38am
...and just to carry on about what I consider a weak entry, the vertical line marks what could be a reentry, but I see a few cons though: the MTF is not coming from the opposite side of 50 and slope is not steep, the momentum is not strong but one needs to watch the chart in real time for that, the previous support is close so there might be not much room for profit, and finally the time of the day as I don't like taking trades when London starts to approach lunch time. At the moment I'm typing the trade acquired some momentum and would have made some progress. But it still remains a weak entry for me...
EDIT 11.35: Famous last words... it went down to the 50 level so far as AUD seems to acquire strength LOL But still not an AAA entry to begin with.. In time, selecting better entries will pay off.
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-11-07_11-06-08.jpg Size: 166 KB
  • #930
  • Nov 7, 2018 6:04am Nov 7, 2018 6:04am
Quoting 4fxonly
I would like to show a trade that i just took based on what I said in my last post on momentum, even before the bar closed. Both the the CTF and the MTF were pointing down with a strong angle. Now it's only about managing. I might be wrong but the stop loss for now moves down... EDIT: seen 15 pips, stop at b/e EDIT: Closed at 14 pips. The 1 min bars have been hanging at the previous support level which seems to hold strong for now. I was hoping for the 50 level but it's U.S. election time and I don't have any intention to wander about. What I wanted...
That looks textbook
Emotion - it steals your money.
  • #931
  • Nov 7, 2018 6:20am Nov 7, 2018 6:20am
Quoting obiwandax
{quote} Just noticed the "code" comment. I attach MTF Stochastics Alert V3. Notes: 1: field Pricefield is now updateable. It allows you to choose whether the Stochastics use High/Low (0) or Close/Close (1). (I prefer Close/Close, as the slopes are steeper, and lines go higher and lower into OB/OS area. It seems clearer for me.) 2: new field SendEmailAlert added. This is for the 50Cross only. 3: all code changes are marked OWD01 (ObiWanDax, change 01), so anyone see my specific changes. 4: I am assuming you know how to enable emailing! 4a: Options...
Dear ibiwandax
but there is no option to filter 50cross of timeframe"x" by Trend/Slope of timeframe "y" ?

best hundsbua
  • #932
  • Nov 7, 2018 6:28am Nov 7, 2018 6:28am
Quoting hundsbua
{quote} Dear ibiwandax but there is no option to filter 50cross of timeframe"x" by Trend/Slope of timeframe "y" ? best hundsbua
I just posted my 50cross email-alerter only.
Didnt do the trend-slope.
That post by me was just describing how I would do it. I guessed that if you could create a multi-MTF indicator, you would code it yourself.
Sorry for any confusion.
  • #933
  • Nov 9, 2018 8:32am Nov 9, 2018 8:32am
Quoting hundsbua
just for clarification how I trade the MTF Stoch system in 15min Chart Rules for LONG: SStoch (Setting 11,3,3) Trend UP / Value of KPeriod over 50 AND MTF 1h (Setting 11.3.3) Trend UP / Value of Kperiod over 50 AND MTF4h (Setting 11,3,3) Trend UP / Value of Kperiod over 20 Rules for SHORT SStoch (Setting 11,3,3) Trend DOWN / Value of KPeriod below 50 AND MTF 1h (Setting 11.3.3) Trend DOWN / Value of Kperiod below 50 AND MTF4h (Setting 11,3,3) Trend DOWN / Value of Kperiod below 20 Example for Long Entry {image} Example for short Entry {image} Best...
Entries are looking promising...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 67 KB
Vucking good EA coder... https://t.ly/AZjRM
  • #934
  • Nov 9, 2018 9:58am Nov 9, 2018 9:58am
Quoting hundsbua
just for clarification how I trade the MTF Stoch system in 15min Chart Rules for LONG: SStoch (Setting 11,3,3) Trend UP / Value of KPeriod over 50 AND MTF 1h (Setting 11.3.3) Trend UP / Value of Kperiod over 50 AND MTF4h (Setting 11,3,3) Trend UP / Value of Kperiod over 20 Rules for SHORT SStoch (Setting 11,3,3) Trend DOWN / Value of KPeriod below 50 AND MTF 1h (Setting 11.3.3) Trend DOWN / Value of Kperiod below 50 AND MTF4h (Setting 11,3,3) Trend DOWN / Value of Kperiod below 20 Example for Long Entry {image} Example for short Entry {image} Best...
Exit 1: Stoch M15 has reached the 80 and get out
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 95 KB
Vucking good EA coder... https://t.ly/AZjRM
  • #935
  • Nov 9, 2018 2:00pm Nov 9, 2018 2:00pm
Quoting hundsbua
just for clarification how I trade the MTF Stoch system in 15min Chart Rules for LONG: SStoch (Setting 11,3,3) Trend UP / Value of KPeriod over 50 AND MTF 1h (Setting 11.3.3) Trend UP / Value of Kperiod over 50 AND MTF4h (Setting 11,3,3) Trend UP / Value of Kperiod over 20 Rules for SHORT SStoch (Setting 11,3,3) Trend DOWN / Value of KPeriod below 50 AND MTF 1h (Setting 11.3.3) Trend DOWN / Value of Kperiod below 50 AND MTF4h (Setting 11,3,3) Trend DOWN / Value of Kperiod below 20 Example for Long Entry {image} Example for short Entry {image} Best...
Exit 2: Stoch in M15 crossing to exist signal
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 73 KB
Vucking good EA coder... https://t.ly/AZjRM
  • #936
  • Nov 9, 2018 2:06pm Nov 9, 2018 2:06pm
Exit 3: Stoch in M15 crossing back under 50
In my eyes the best
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 83 KB
Vucking good EA coder... https://t.ly/AZjRM
  • #937
  • Nov 9, 2018 2:09pm Nov 9, 2018 2:09pm
Greetings from cold munich
R
Attached Image
Vucking good EA coder... https://t.ly/AZjRM
  • #938
  • Nov 9, 2018 2:20pm Nov 9, 2018 2:20pm
Hope you had a great week.

Exit 1: 32 trades: Points: 4308: Pts per trade: 134
Exit 2: 19 trades: Points: 998: Pts per trade: 52
Exit 3: 18 trades: Points: 1256: Pts per trade: 69

If you are making 134 pts per trade in Exit1, why do you think Exit3 is better?
I am assuming the risk per trade is always the same.
Assumption 2: test carried out over same dataset. What was the start-date for test?
  • #939
  • Nov 9, 2018 2:28pm Nov 9, 2018 2:28pm
you mean me? Just a rough test...will test WE on strategytester and next week on my VPS...
Attached Image
Vucking good EA coder... https://t.ly/AZjRM
  • #940
  • Nov 9, 2018 2:32pm Nov 9, 2018 2:32pm
thanks for info.
Exit1 then was carried out over a bigger dataset. maybe there were some major trend moves which were caught that Exit2 and Exit3 didnt see because of different dataset.
you seem to be very thorough in your research.
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