MTF Stochastics | Page 27 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Art of Trading with MTF Stochastics 1,017 replies

MTF Stochastics into MTF Stoch Histogram 8 replies

Trading MTF STochastics Manual 13 replies

MTF Stochastics EA's 55 replies

MTF Stochastics Trade Journal 12 replies

Attachments: MTF Stochastics
Exit Attachments

MTF Stochastics

  • #521
  • Apr 30, 2007 5:34am Apr 30, 2007 5:34am
Spud what do you think about opening a free chat room like paltalk (or others similar) so that it will be more easy to follow your trades in real time ?
  • #522
  • Apr 30, 2007 5:46am Apr 30, 2007 5:46am
Live chat at Paltalk, room is "Spudfyre MTF"
  • #523
  • Apr 30, 2007 5:49am Apr 30, 2007 5:49am
Quoting Spudfyre
Live chat at Paltalk, room is "Spudfyre MTF"
Great Spud !
  • #524
  • Apr 30, 2007 12:59pm Apr 30, 2007 12:59pm
CEO,

Is that an indicator you have that paints arrows on the charts where the stoch's cross? Is it accurate? Can you post it? Can I ask any more questions???


Thanks,

B.
"Skills pay the bill's!"
  • #525
  • Apr 30, 2007 3:52pm Apr 30, 2007 3:52pm
A new chat site will be available on Tuesday for live trading of what has been discussed here.

You can find the chat site here (password: spudchat)

http://www.chatzy.com/786363023073
  • #526
  • Apr 30, 2007 4:42pm Apr 30, 2007 4:42pm
Well, I think most of us had a long day trading on the live chat site. It started with promising set-ups went into no action for the day and then just before supper a down spike in GBPJPY gave us a great day's ending.

So here are the results on Day 1 to the 500 pip goal:

Daily quota: 10 pips
Pip Bank: 20 pips

EURUSD: -4 pips (2 trades one +12 one -16 pips)
GBPUSD: +10 pips
GBPJPY: +24 pips

Total: +30 pips
  • #527
  • Apr 30, 2007 6:38pm Apr 30, 2007 6:38pm
Quoting bagovino
CEO,

Is that an indicator you have that paints arrows on the charts where the stoch's cross? Is it accurate? Can you post it? Can I ask any more questions???


Thanks,

B.
No, not on the charts, just in the stochs window. I find it a little easier to see all up/down arrows. I have a profile set up like Spuds for 5 pairs with just the stochs showing. I watch my stochs bars in another profile and if I see a setup coming I switch to that one, check the stochs, then switch back and trigger. I have my fibs, trendlines, ect on the one I watch all the time.

Here it is tho....
Attached File(s)
File Type: mq4 Hercs Stochastic Oscillator.mq4   3 KB | 1,120 downloads
  • #528
  • Apr 30, 2007 6:40pm Apr 30, 2007 6:40pm
Also I have another 10 or so Stochs related indicators I havent went through. Ill post them and there may be a useful one in the bunch. But if there is, you gotta tell
Attached File(s)
File Type: zip StochsIndies.zip   13 KB | 1,023 downloads
  • #529
  • Edited 2:03pm May 1, 2007 8:53am | Edited 2:03pm
Here are the results on Day 2 to the 500 pip goal:

Daily goal: 10 pips (until 100 pips reached)
Pip Bank: 30 pips

GBPJPY: +25 pips
GBPUSD: -15 pips (early exit before news to keep 10 pip gain)
EURUSD: +10 pips

Total: +50 pips
Days Traded: 2 (for 20 pips)

GJ was an easy trade with all 3 time frames aligned and the 4H supporting an escalator type trade. Price spiked fairly quickly down to target profit.

GU was a late entry before news and rather risky and decided to pull out with net 10 pip gain on day to meet goal.

EU traded in afternoon and was again slow but finally took off for some pips.
  • #530
  • May 1, 2007 9:26am May 1, 2007 9:26am
Hi Spud,

Quick questions for you...I wasn't around to catch the GY spike down with the stochs lined up a little while ago. However, the 15/30 stochs dropped below 20 and came back out. So my question is do you recommend taking this type of setup after the opposite setup occurred 90 minutes ago?

1st green line - 15/30/60 Stochs dropped below 80
2nd green line - 15/30 came above 20



Quoting Spudfyre
Here are the results on Day 2 to the 500 pip goal:

Daily goal: 10 pips (until 100 pips reached)
Pip Bank: 20 pips

GBPJPY: +25 pips
GBPUSD: -15 pips (early exit before news to keep 10 pip gain)

Total: +40 pips

GJ was an easy trade with all 3 time frames aligned and the 4H supporting an escalator type trade. Price spiked fairly quickly down to target profit.

GU was a late entry before news and rather risky and decided to pull out with net 10 pip gain on day to meet goal.

Up 40 pips in 2 days, treat myself to a break this afternoon.
Attached Image (click to enlarge)
Click to Enlarge Name: mtfstoch.gif Size: 32 KB
  • #531
  • May 1, 2007 10:03am May 1, 2007 10:03am
Hi Spud,

I went ahead a took the order long on GY at 239.26 since the stochs were (as far as I could tell) in alignment. I set a TP of only 10 pips (to fulfill the daily target) and it successfully hit the profit level.

Thanks again for your continued support on this thread.



Quoting nitrofx
Hi Spud,

Quick questions for you...I wasn't around to catch the GY spike down with the stochs lined up a little while ago. However, the 15/30 stochs dropped below 20 and came back out. So my question is do you recommend taking this type of setup after the opposite setup occurred 90 minutes ago?

1st green line - 15/30/60 Stochs dropped below 80
2nd green line - 15/30 came above 20
  • #532
  • May 1, 2007 12:06pm May 1, 2007 12:06pm
NitroFX,

Would you please be kind enough to let us know what Stochastic MTF indicator you have on your chart? It's seems so much easier to read than mine. Thanks in advance.
  • #533
  • May 1, 2007 12:22pm May 1, 2007 12:22pm
Concerning the previously posted indicators. They do not look exactly like mine. I do not have the 4H above 80 for such a long time and the 1H pattern does not look like mine.
Even if it looks nicer I am not sure is a correct one.
Regards
  • #534
  • May 1, 2007 5:18pm May 1, 2007 5:18pm
No problem...I attached the MTF_Stoch indicator that I use (which I believe I found somewhere on this thread or TEBS). The only variable you need to change is the "TimeFrame" which should be entered in as minutes.

Also, if you look at my screenshot you'll notice that the VALUES for the MTF_Stoch (left side) are exactly the same as if you charted it separately (right side) which is important. The thing to consider is that the shape of the stoch gets choppier the further away from the current time frame. I keep my primary chart on 15M, and will change the TF if needed but the MTF gives you an accurate view of the shape. If you want to see the EXACT shape, you simply change TF's.

Hope this helps.

Quoting Rialto
NitroFX,

Would you please be kind enough to let us know what Stochastic MTF indicator you have on your chart? It's seems so much easier to read than mine. Thanks in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: mtfstochcompare.jpg Size: 118 KB
Attached File(s)
File Type: mq4 #MTF_Stochastic.mq4   4 KB | 908 downloads
  • #535
  • May 1, 2007 5:23pm May 1, 2007 5:23pm
Capsmart,

Check my post above. I have my default chart on 15M, so that's why it looks like the 4H was above the 80 for a long period (it was for 4 15M candles). If I would have switched my main TF to 4 Hours, my guess is it would look like yours.

With the MTF Stoch indicator, the further away from the current time frame, the choppier the stoch looks.



Quoting capsmart
Concerning the previously posted indicators. They do not look exactly like mine. I do not have the 4H above 80 for such a long time and the 1H pattern does not look like mine.
Even if it looks nicer I am not sure is a correct one.
Regards
  • #536
  • May 1, 2007 5:53pm May 1, 2007 5:53pm
thanks Nitrofx for the indicators.
  • #537
  • May 1, 2007 6:23pm May 1, 2007 6:23pm
No problem, hope it helps simplify everything.

Quoting banzai
thanks Nitrofx for the indicators.
  • #538
  • May 1, 2007 6:30pm May 1, 2007 6:30pm
It looks like the GBP and EUR are almost setup for a long (15/30/1H below 20 and heading north). Spud, would you take the trade once the 30M closed at 20+ even though it's 23:15 GMT right now and ~8 hours away from UK open?
Attached Image (click to enlarge)
Click to Enlarge Name: mtfstoch2.gif Size: 27 KB
  • #539
  • May 2, 2007 4:01am May 2, 2007 4:01am
Here's my result with Spud MTF trading :

[30 Apr 2007]
Daily quota: 10 pips (ok)
Pip Bank: 9 pips

EURUSD: -12 pips
GBPUSD: 17 pips
GBPJPY: 14 pips

Daily Total: 19 pips
Gran Total: 19 pips

[1 Mag 2007]
Daily quota: 10 pips (ok)
Pip Bank: 29 pips

EURUSD: 5 pips
GBPJPY: 25 pips

Daily Total: 30 pips
Gran Total: 49 pips
  • #540
  • Edited 8:22am May 2, 2007 4:31am | Edited 8:22am
I'd like to share my metatrader profile that I'm actually using to trade with Spud Stoch, hope it helps

http://img151.imageshack.us/img151/8...udstochtp7.jpg

Instructions:
Just extract the SpudFyre Stoch.zip into your ..\Metatrader\Profile directory and put Big_Stochastic and EJ_CandleTime indicators into your indicators folder, then select SpudFyre Stoch profile from menu File -> Profile

http://img84.imageshack.us/img84/4338/spudstoch1ko1.jpg

and you should see something like my above picture. The Big_Stochastic is a simple indicator that i created to show a bigger value of Stochastic on top-right corner window.The EJ_CandleTime indicator tell us how much time (minute:seconds) is left to candle closing.

Note : Be aware that this profile is set for my resolution at 1280x1024, if you have different resolution screen, just click on menu Window -> Tile Horizontally (or Tile Vertically) to line up perfectly with your screen.
Attached File(s)
File Type: zip SpudFyre Stoch.zip   8 KB | 1,034 downloads
File Type: mq4 Big Stochastic.mq4   2 KB | 861 downloads
File Type: ex4 Big Stochastic.ex4   2 KB | 668 downloads
File Type: mq4 EJ_CandleTime_Blue.mq4   2 KB | 764 downloads
File Type: ex4 EJ_CandleTime_Blue.ex4   2 KB | 645 downloads
0 traders viewing now