During the test period the digital stochastic produced 3,900 signals, 35% of which led to winning trades. The original stochastic generated more than 10,000 signals with the hit rate also being at approx. 35%.That's why "After working as proprietary trader at Bankgesellschaft Berlin he now develops and coaches quantitative portfolios for institutions". Anyway big thanks to mladen!
- #22
- Mar 31, 2021 3:46am Mar 31, 2021 3:46am
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
During the test period the digital stochastic produced 3,900 signals, 35% of which led to winning trades. The original stochastic generated more than 10,000 signals with the hit rate also being at approx. 35%.
kahler is a helluva a smart ass!
Maadik Hugiis. IQ 69.
- #23
- Mar 31, 2021 5:50am Mar 31, 2021 5:50am
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
{quote} There is no universal single one formula a user can test every tool by that,numerous combinations can be tried to find and increase win rate,almost more different factors involved
Observer effect
- #24
- Mar 31, 2021 5:57am Mar 31, 2021 5:57am
- Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
{quote} You can't increase winrate of stochastic because it is oscillator and will not work on trends. But anyway thank you for the thread and for indicators provided
If you think just for a moment? Yes, you can increase the winrate!
You can double the winrate! Quite easily...
Just open only buys, in a buy trend?
Ignore the sell signals? Completely?
Try this one and let me know how it went?
Maadik Hugiis. IQ 69.
- #25
- Edited 11:57am Mar 31, 2021 5:59am | Edited 11:57am
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
{quote} If you think just for a moment? Yes, you can increase the winrate! You can double the winrate! Quite easily... Just open only buys, in a buy trend? Ignore the sell signals? Completely?
Observer effect
- #26
- Edited 12:22pm Mar 31, 2021 11:56am | Edited 12:22pm
During the test period the digital stochastic produced 3,900 signals, 35% of which led to winning trades. The original stochastic generated more than 10,000 signals with the hit rate also being at approx. 35%.
In my opinion, his idea is not bad though ... I think that he was placing too much emphasis to some things that actually do not lead to fast false signals filtering - but to signals filtering in general - that is what some of the versions made and posted at this thread are trying to address
Not claiming that it means wonders (all know my opinion on wonders) but the changes just might have changed the ratio to at least 36%
After all when you look at an average trending systems that usually are making 20% winning trades but in the long run they are still profitable, the "hit rate" is not as important in the trending systems (and his idea is leaning towards trending systems) as one might think
- #27
- Edited 12:24pm Mar 31, 2021 12:00pm | Edited 12:24pm
{quote} You can't increase winrate of stochastic because it is oscillator and will not work on trends. But anyway thank you for the thread and for indicators provided
I do not see any reason why an oscillator indicator would not do so. None whatsoever.
Here is one example (just a quick example what I have currently have on my chart - there are a lot, lot more that could be used as better examples, but this one was the first at hand sort of speaking - no need to search further for the point stated before this very long sentence
) :
Oscillator that is not bad at all in trending market
Oscillator is just a form how some data is presented. Not the way how they are calculated. The two should never be mixed up
- #28
- Mar 31, 2021 1:18pm Mar 31, 2021 1:18pm
- Joined Mar 2013 | Status: Trader | 2,466 Posts
{quote} Sure, but then you have to use trending indicator with oscillator, but not trying to improve oscillator.
- #29
- Mar 31, 2021 1:58pm Mar 31, 2021 1:58pm
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
{quote} Why do you think that oscillators are not working on trends? I do not see any reason why an oscillator indicator would not do so
But you have created tons of indicators and for sure better know how it works. May be you have stochastic that can skip "fake" entries (in fact they are not fake) today on XAUUSD for example. Anyway personally I have no problem no with moving average no with stochastic
I know that newbies (and me too) complain that moving average is laggy. And trying to find, searching for "non lagging fast moving average". But they don't know that they can simply set 1 to SMA period and then it will have minimum possible lag. Then they start complaining that stochastic or rsi has a lot of fake signals. Especially on trends. But this is not a problem too. It must generate oversold and overbought signals and it generates
Observer effect
{quote} Sorry, I've used wrong word. I didn't mean "no working". They are working perfectly showing oversold and overbought areas depending on the settings. But they can show oversold area forever. Until money will gone
- #31
- Mar 31, 2021 3:21pm Mar 31, 2021 3:21pm
- Joined Apr 2020 | Status: Trader/Coder | 1,929 Posts
Observer effect
- #37
- Apr 21, 2021 8:36am Apr 21, 2021 8:36am
- Joined Mar 2013 | Status: Trader | 2,466 Posts
{quote} Hi there mate. I donīt know if you are receiving my emails, if they are hitting your junk/spam folder. I have sent you a couple today since morning and no reply. It has been 5 days since you sent me the last email saying that my EA "shall be ready later today", and so far I got no updates from you. I found it weird because you were contacting promptly giving me updates and whatnot, and replying as soon as I sent you an email, or later the same day. I even thought that something might have happened to you, but I can see you are active here...
Dont worry,the person in topic is more responsible and honest in every sense - for late there can be any reason/s from so many
- #39
- Apr 24, 2021 4:57am Apr 24, 2021 4:57am
- Joined Nov 2015 | Status: Trader | 2,525 Posts
{quote} If you think just for a moment? Yes, you can increase the winrate! You can double the winrate! Quite easily... Just open only buys, in a buy trend? Ignore the sell signals? Completely?
Instead of using two variables and working totally in the dark, I choose TIME to trade as my known and constant companion or an anchor for my trading decisions.
The only variable to consider is the direction of the market and its strength and sustaining time.
I do it purely on a discretionary basis without using any kind of technical indicators or oscillators. Basically trading on a hunch developed over a period by sticking to a live trading regimen.
(a) Trending - will trade
(b) consolidating - will trade
(c) Flat - will not trade. Flat market defined by Lookback of previous periods and pips movement
Will the price go up or down?
(a) If Up will it keep going up or down - strong trending?
If yes, how long it will keep going like this? In such a case only Buy or Sell
(b) It will go up but keep reverting in steps - range trading
If yes, I will buy as well as sell.
If do both buy and sell on hedging broker platform, how to go about it?
How should I measure short pullbacks? Using grid markers?
or just take an arbitrary view that buys will go up for 50% of the time and then slump back to minus - 10% soon..
So my TP for buy will be such that it should be hit before the buys sink.
My TP for Sell is such that it should hit TP when buys sink.
So I can think of entering both buys and sell in 50% (or 75% or 25%) proportion with targetted time for the buys to sink happens (no surety of course).
If I think that by the close of a particular time, the buys don't sink, the time will forcibly close all my Drawdown trades with a loss.
EA provides the Exit route to stop trading by the end of any defined TF.
In any case, I am not using Stop Loss.
For Risk control Equity Profit or Equity Loss is good enough.
I have the choice of using trailing stop loss, but I don't have experience of using it or breakeven.
I find it difficult to handle so many risk control measures.
My EA with mql is available for anyone to use it. I am neither a Guru nor a seller of any kind. You don't have to post even a Like.
Feedback by way of comments will be most welcome.
https://www.forexfactory.com/thread/...9#post13508389
Practice makes a person perfect
- #40
- Apr 24, 2021 1:47pm Apr 24, 2021 1:47pm
- Joined Jan 2015 | Status: Never underestimate value of an pip | 4,683 Posts
[quote=mntiwana;13505120]{quote} Sometimes when continuously thinking,working and concentration on one direction,it needs some rest and walking around for to be refresh,refuel and compound collective energy again - Dont worry,the person in topic is more responsible and honest in every sense - for late there can be any reason/s from so manyquote]
Hi MNtiwana can you make an EA based on these indi settings? Thanx
Dont worry,the person in topic is more responsible and honest in every sense - for late there can be any reason/s from so manyquote]Hi MNtiwana can you make an EA based on these indi settings? Thanx