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MTF Stochastics

  • #621
  • May 6, 2007 6:01pm May 6, 2007 6:01pm
Quoting C.E.O.
Hey Stoch lovers. I have been following this and tebs methods with interest. I got to doodeling with different variations of stochs, digital, combined, weighted,etc. I like non lag stochs with some mods but I havent come to conclusions yet. But I did create a weighted stochs. I would like you stocchies to have a look at it and see if I am headed in a right direction. It doesnt look a whole lot different than a normal stochs but it does have some smoothing tendencies.

Basically it takes the lesser two timeframes, in a 15M chart it takes 15,5,1M stochs and assigns them a weight based on timeframe and plots them. The weight is derived like so..
1m=0.048%;
5m=0.238%;
15m=0.714%;
1+5+15=21, 15 is 71.4% of that and so on through the timeframes.
1h,30m,15, and the likes.
So the largest timeframe gets the most weight in the calculation and the smaller the least.

All the settings are self explanatory except charttime, set this to your current charttime. I have only done 5,15,30,1h until I get some feedback. I couldnt think of a better way to weight them except how it is unless it would be a 50-35-15 or something.

Anyhow, let me know if I should proceed or dump it. Thanks guys.
Interesting idea. I'll give it a look.
  • #622
  • May 6, 2007 9:29pm May 6, 2007 9:29pm
It sure would be nice to have a stochastic audible alert that could be set for %K crossing a chosen level (70 or 80), etc. I have been looking for one for some time and can't find it. I have searched TSD and tried the ones posted, but no such luck. Any ideas?
  • #623
  • May 7, 2007 4:04am May 7, 2007 4:04am
Quoting drayco
It sure would be nice to have a stochastic audible alert that could be set for %K crossing a chosen level (70 or 80), etc. I have been looking for one for some time and can't find it. I have searched TSD and tried the ones posted, but no such luck. Any ideas?
Thats a simple one, this one alerts on crosses but if you want it to alert on crossing the 80/20 change this....
Inserted Code
if ((fastMAnow > slowMAnow) && (fastMAprevious < slowMAprevious))
to this....
Inserted Code
if (fastMAnow < 20))

and this
Inserted Code
else if ((fastMAnow < slowMAnow) && (fastMAprevious > slowMAprevious))
to this
Inserted Code
if (fastMAnow > 80)
Attached File(s)
File Type: mq4 Stochastic_Cross_Alert.mq4   5 KB | 821 downloads
  • #624
  • May 7, 2007 8:39am May 7, 2007 8:39am
It seems awful quiet today. Any one see any set up brewing? Maybe short the EUR/JPY after an up cycle or two?
  • #625
  • May 7, 2007 9:59am May 7, 2007 9:59am
Quoting elskid
It seems awful quiet today. Any one see any set up brewing? Maybe short the EUR/JPY after an up cycle or two?

See post #525.
  • #626
  • May 7, 2007 11:39am May 7, 2007 11:39am
C.E.O.,
Thank's for the indicator alert info. I will definately give it a try.
  • #627
  • May 7, 2007 12:02pm May 7, 2007 12:02pm
Hey C.E.O

Thanks for alert, however when i write in the code you gave , all i get is the following:


')' - unbalanced right parenthesis C:\Program Files\StrategyBuilderFX 4\experts\indicators\Stochastic_Cross_Alert.mq4 (95, 26)
')' - unbalanced right parenthesis C:\Program Files\StrategyBuilderFX 4\experts\indicators\Stochastic_Cross_Alert.mq4 (97, 35)
')' - unbalanced right parenthesis C:\Program Files\StrategyBuilderFX 4\experts\indicators\Stochastic_Cross_Alert.mq4 (101, 23)
')' - unbalanced right parenthesis C:\Program Files\StrategyBuilderFX 4\experts\indicators\Stochastic_Cross_Alert.mq4 (101, 196)
')' - unbalanced right parenthesis C:\Program Files\StrategyBuilderFX 4\experts\indicators\Stochastic_Cross_Alert.mq4 (102, 23)
')' - unbalanced right parenthesis C:\Program Files\StrategyBuilderFX 4\experts\indicators\Stochastic_Cross_Alert.mq4 (102, 243)


Now i know its me as i'm a bit technically challenged , so could you point in right direction

thanks in advance

Rye
  • #628
  • May 7, 2007 12:34pm May 7, 2007 12:34pm
This was sent to me in a rather lengthy e-mail today with about 50 pages of proof charts from 2006 to current! I asked that I could post a summary here for him so that you could all see this.

Basically this is the same system I have explained here prior to the introduction of the 14,3,3 stochastic. So ignore that stochastic.

He uses multiple time charts...15, 30, and 1H for entry with 5,3,3 stochastic K line only (sound familiar?). Then uses the 4H as a possible exit or for confirmation until the next entry signal.

He uses 3 levels on the 5,3,3 stochastic.....38.2, 50 and 61.8. Only these 3 levels...no 80/20 rule here.

The 38.2 to 50 is a long zone and the 61.8 to 50 is a short zone. However the focus is on the 50% level as a signal line.

Entry is quite simple...wait to see a 15,30,60 time frame period all cross the 50% zone...down for short, up for long. Does not matter how high or low the stochastic went prior to that cross. Direction is what is important....time they cross will stagger but should be close.

All 3 time frames (15,30/1H) must cross the 50% in the same direction. Do not pay any attention to what the 15M stoch does after its entry signal and same with the 30M. Only use stochs for entry signals.

Exit when the 4H hits the 50% in the same direction of the prior time frames or when the 15,30,and 1H signal a trade in the opposite direction.
Only use 4H for an exit signal...or can use to confirm current trade for longer pip gains.

See the diagram below for a sell example. It is quite simple. In this example the exit signal is from entry signals in the long direction from the 15,30,60 moving up past 50%.
Attached Image
  • #629
  • May 7, 2007 2:30pm May 7, 2007 2:30pm
Looks good Spudfyre,

What are the 38 and 62 buy sell zones used for, did you get to look over any more of the "proofs", sounds like someone has put in a lot of work.

Must also say that your 5-14 stochs look very good, on the hoirly chart for instance when they are completely on top of each other it signals strong moves in a lot of cases.
  • #630
  • May 7, 2007 2:36pm May 7, 2007 2:36pm
Does this mean from < 38.2 to > 50 or from > 61.8 to < 50 are valid entries? And then if 4H crosses 50 in opposite direction of open position or it the 3 lower TF signal an opposite = exits?
  • #631
  • May 7, 2007 2:37pm May 7, 2007 2:37pm
Here's another chart...

It is a 1H chart. Blue lines show the long entries and red lines the short entries. Multiple lines around an entry are just the variations of when the time frame crossed the 50%.

I believe the zones (38.2 to 50 long) and (61.8 to 50 short) are your fudge factor for entry.....giving you an idea of how much risk you should take if entering an order early....if you want to add risk.

This is the GU chart...using this since Friday would have made for a nicer weekend and Monday!
Attached Image
  • #632
  • May 7, 2007 2:48pm May 7, 2007 2:48pm
Notice on that chart it picked up every 1 hour 533 50 cross, is this normally the case, I imagine if you ignore the 15 and 30 once they have crossed that it would be.

Or do you "start again" if the 15m/30m crossing back before the 1hr has confirmed. I notice in the first chart that this happened a couple of times on the 15m before the 1hr crossed.
  • #633
  • May 7, 2007 2:59pm May 7, 2007 2:59pm
Quoting scorpion
Notice on that chart it picked up every 1 hour 533 50 cross, is this normally the case, I imagine if you ignore the 15 and 30 once they have crossed that it would be.

Or do you "start again" if the 15m/30m crossing back before the 1hr has confirmed. I notice in the first chart that this happened a couple of times on the 15m before the 1hr crossed.
This is the 1H chart so that is why you see the cross. Yes you ignore the 15/30 once they cross but watch them only for next entry signal. The 1H is your final entry signal, so if the 15/30 crossed the opposite way before the 1H crossed they would have to pull back the 1H to block the signal and in that scenerio you'd have no signal either way. (I suppose worst case is the 1H clearly crossing and then the price reverses sending all 3 the reverse direction...but you'd probably end up with a small loss losing one way but gaining the other....I don't see that happening much).
  • #634
  • May 7, 2007 4:06pm May 7, 2007 4:06pm
Spud,
Is this Stoch line50 strategy a replacement of the earlier MTF Stoch or just a new nuance?
  • #635
  • May 7, 2007 4:21pm May 7, 2007 4:21pm
Quoting KudzuFX
Spud,
Is this Stoch line50 strategy a replacement of the earlier MTF Stoch or just a new nuance?
Fortunately (?), unfortunately (?) another option to trading MTF Stochastics
  • #636
  • May 7, 2007 9:12pm May 7, 2007 9:12pm
Hi guys, just wondering if someone could explain how to put both the 14 and 5 stochs inthe same indicator and also how to turn off the other lines, so it shows like in the chart below, only showing the K line.

Any help appreciated.

thanks
westie
Attached Image
  • #637
  • May 8, 2007 1:18am May 8, 2007 1:18am
Quoting Westie
Hi guys, just wondering if someone could explain how to put both the 14 and 5 stochs inthe same indicator and also how to turn off the other lines, so it shows like in the chart below, only showing the K line.

Any help appreciated.

thanks
westie
Hi Westie,

To get the 2 stochastics in one window, just add one stochastic to the chart.

Then drag the indicator from the list onto the first.

To just get the %K only, I just change the colour of %D to the background colour.

HTH.

G-Man
  • #638
  • May 8, 2007 2:26am May 8, 2007 2:26am
easiest way G-man is just change the %D to 1, so the settings are 531.
  • #639
  • May 8, 2007 7:20am May 8, 2007 7:20am
Quoting scorpion
easiest way G-man is just change the %D to 1, so the settings are 531.

or make it even easer

on the 30 min chart do stoch settings 3.24.3
or if you want more buy sell signs do 3.24.1
on the hour do 3.12.3 &/or 3.12.1
on the 5 min chart do 3.18.3 &/or 3.18.1 etc


etc.
TEB
  • #640
  • May 8, 2007 9:29am May 8, 2007 9:29am
Quoting G-Man
Hi Westie,
To just get the %K only, I just change the colour of %D to the background colour.

HTH.

G-Man
Just set color to NONE on %D.
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