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The Good the Bad and the Ugly Stochastic

  • #21
  • Apr 9, 2021 4:58am Apr 9, 2021 4:58am
Quoting Fxoday
I am not a too big fan in use stochastic, if compared with RSI, usually stochastic giving more OB and OS zone, but if combining with short EMA, maybe its useful to get better signal confirmation, in general, disadvantage leading indicator is giving a more false signal.

Indeed, stochastic can offer quite a few false signals. The settings (100,3,3) given buy Ryu are interesting though if you stick to buying and selling in oversold and overbought areas. Also I've found that using both stochastic and MACD or a with a simple 5 EMA on the 1H chart or even lower has helped me filter stochastic's bad signals and ride the more important moves. I've used RSI in the past and my only problem was the single line, I never knew if and when RSI was going to turn on me but maybe I wasn't using it right. Are you using it?
  • #22
  • Apr 9, 2021 5:00am Apr 9, 2021 5:00am
Quoting MIC85POU
{quote} I understand. Don't worry. I'm not here to ask anybody to do the work for me. I'm just learning from people with more experience so I can move in the right direction and build my own thing. Thank you for the strategy tester and website I'll dig into it see if I can figure it out.
Sorry I didn't mean to be harsh about "doing it". I have been involved a few times to build EA's in the past and the requests just grow and grow without any real thought, especially if the person asking hasn't any real experience. Just ask any questions if you need help.
  • #23
  • Apr 9, 2021 5:04am Apr 9, 2021 5:04am
Quoting Fxoday
I am not a too big fan in use stochastic, if compared with RSI, usually stochastic giving more OB and OS zone, but if combining with short EMA, maybe its useful to get better signal confirmation, in general, disadvantage leading indicator is giving a more false signal.
I use a 3 MA trend (55,34,21) with a "Rate of Change " calculation on the longest MA to see the strength. RSI is to choppy.
I was working on a pullback using trend and Stochastic OB/OS but have moved onto replacing the stochastic with a slightly more precise entry. Still testing.
It's not the entry but the exit which is the important bit.
  • #24
  • Apr 8, 2022 5:27am Apr 8, 2022 5:27am
Quoting MIC85POU
{quote} Hey there! Thank you for your help! I'm currently using MT4 to send the orders and Tradingview for charting. I tried to do both on MT4 for a while but I was never able to get the Heiken Ashi candles right. I mean, I could add them through Insert > Indicators > Custom > Heiken Ashi but the candles have sometimes both colors, red and green as you can see on the screenshot and it's not exactly the best visual experience when trading but maybe there's something I didn't do correctly. Have you been experiencing the same issue? Because that issue...
you can share your strategy that you think it can be automated and i will code it free of charge on MT5 or MT4.
Investment Castle
  • #25
  • Last Post: Sep 17, 2025 1:38am Sep 17, 2025 1:38am
In my opinion I don't believe the news thing, the reason is because the market runs even without the news. Therefore there must be some ways to trade other than the news. So I prefer to trade without the news time and the reason is simple, more rooms for win. Also, there is one important things I have to say, every indicator is there for a reason. You have to look at it very carefully, dont just rely on ways to use in different strategy, dont always rely on back testing, you have to watch it by your own. When you watch it closely, you will see something interesting that no one has been use it before and that might be the key of success for you to be the top traders. Last suggestion, remember that the market is irrational, that means no matter how many indicators you use, there will always be wrong, the most successful traders dont rely on strategy itself, but with good money management and observations.
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