bringin sexy back - stochastics | Page 47 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Would it be too much trouble to pay me back my $20,000, my sexy darling? 646 replies

Make Trading Sexy 174 replies

Bringing The Sexy Back To CCI 15 replies

The sexy stochastic indicator 19 replies

Attachments: bringin sexy back - stochastics
Exit Attachments

bringin sexy back - stochastics

  • #921
  • May 9, 2007 12:32pm May 9, 2007 12:32pm
Quoting iya
Nah, you can insert pretty much any condition, easily.
Skyline and others can probably help out with this, too. I have to admit I haven't read most of the thread. I'll probably try the EA, next.

http://img64.imageshack.us/img64/262...candlesys7.gif
Iya
i know you can do this and hope you (or somebody )will , can you make the candles one color for over 80 and another color for between 80-20 and another color for below 20
thanks alot
  • #922
  • May 9, 2007 12:38pm May 9, 2007 12:38pm
I wanted to play around with the EA a little bit but I can't get it to run. It has the gray icon next to it whenever I look at it in MT4.

I have both Import DLLs and Live enabled too in MQ4 too.
I came, I saw, I conquered [your pips]. -- Julius Caesar
  • #923
  • May 9, 2007 1:32pm May 9, 2007 1:32pm
Quoting sshhmmuueell
Iya
i know you can do this and hope you (or somebody )will , can you make the candles one color for over 80 and another color for between 80-20 and another color for below 20
thanks alot
lol i wanna add to this or maybe reitirate it

lets say the 20 is trending up but between 20 and 80 lines then wll have a certain color (for example medium green as in trend is up but still not overbought)
if its trending down and between 20 and 80 lines wll have another color(dark red trend is down but not oversold for example)
and when above 80 a certain color(lime green as in trend is overbought and going strong) and below 20 a certain color(bright red trend is down big time) coz the direction of the 20 above 80 or below 20 doesnt matter.

hope that makes sense and thank you guys very much
  • #924
  • May 9, 2007 2:45pm May 9, 2007 2:45pm
Testing the EA on M15. Will add 30M and H1 today and start using the new version.

Today trades on M15:

Closed Trades
Buy GBPJPY @ 238.83 TP @ 239.08 / +25 pips

Open Trades
Sell USDCAD @ 1.1067 / +8 pips
Buy EURUSD @ 1.3542 / -17 pips

  • #925
  • May 9, 2007 2:55pm May 9, 2007 2:55pm
ok i have to discuss some stuff that i said in the past in the thread

the ea on less than 1h would be a bad idea
because u can get many signals throughout the night or slow trading sessions and lose quiet alot. i only use the 15 min during europe or US session or the overlap of both. so unless u can specify a criteria to only trade between certain times this could be a problem.

another thing is that sometimes price consolidates and u can enter at consolidation rather than wait for the 5 to cross. this can give u a few more pips and ull be able to get in and spot good entries like that as u gain experience. maybe the ea can just look at the 20 and 70 and wait for the 5 to pull back at least to the middle then enter the trade. just a suggestion.

keep those things on mind. i wanna help u guys out coz otherwise i can tell u that much that without taking into consideration some of that stuff, the ea would be a failure. human discretion and experience is what makes me stay away from ea's and usually can turn a system into a winner or a loser. but if u guys can manage to program and take into account some of those extra pointers then things should go smooth

  • #926
  • May 9, 2007 3:09pm May 9, 2007 3:09pm
Quoting boxingislife
ok i have to discuss some stuff that i said in the past in the thread

the ea on less than 1h would be a bad idea
because u can get many signals throughout the night or slow trading sessions and lose quiet alot. i only use the 15 min during europe or US session or the overlap of both. so unless u can specify a criteria to only trade between certain times this could be a problem.

another thing is that sometimes price consolidates and u can enter at consolidation rather than wait for the 5 to cross. this can give u a few more pips and ull be able to get in and spot good entries like that as u gain experience. maybe the ea can just look at the 20 and 70 and wait for the 5 to pull back at least to the middle then enter the trade. just a suggestion.

keep those things on mind. i wanna help u guys out coz otherwise i can tell u that much that without taking into consideration some of that stuff, the ea would be a failure. human discretion and experience is what makes me stay away from ea's and usually can turn a system into a winner or a loser. but if u guys can manage to program and take into account some of those extra pointers then things should go smooth
Thank you for your advice Boxingislife! I was just following the thread and taking the recommendations for the EA posted.
A few good backtests can give you a general idea of the best performing timeframes.

Have you tested your system on H4? It may be a good timeframe to catch up nice trends.
  • #927
  • May 9, 2007 4:03pm May 9, 2007 4:03pm
pabloski
ive tested my system on alot of timeframes including tick charts
4h signals are one of my favorite and yes they do catch good moves
  • #928
  • May 9, 2007 4:15pm May 9, 2007 4:15pm
Anyone has noticed this ?

We need a bit of confirmation but that looks promising
Attached Image
  • #929
  • May 9, 2007 7:26pm May 9, 2007 7:26pm
Hi Melpheos,

Im wondering in your guide you put together, you mention on EJ alone producing over 400 pips per month, im just wondering which timeframe that is based on, thanks alot, great thread and system.

westie
  • #930
  • May 9, 2007 8:09pm May 9, 2007 8:09pm
Quoting melpheos
Anyone has noticed this ?

We need a bit of confirmation but that looks promising
Yeah Melpheos, I noticed that. I have just shorted 1 hour ago @ 0.7327.
This trade is well supported by fundamantals so thats my confirmation.
  • #931
  • May 9, 2007 9:34pm May 9, 2007 9:34pm
Quoting melpheos
Anyone has noticed this ?

We need a bit of confirmation but that looks promising
o

What settings do you have your red stoch at, my cross of those larger stochs looks much different to yours visualy, i have 20 10 20 and 70 10 20

Thanks
  • #932
  • May 9, 2007 9:44pm May 9, 2007 9:44pm
Quoting boxingislife
lol i wanna add to this or maybe reitirate it

lets say the 20 is trending up but between 20 and 80 lines then wll have a certain color (for example medium green as in trend is up but still not overbought)
if its trending down and between 20 and 80 lines wll have another color(dark red trend is down but not oversold for example)
and when above 80 a certain color(lime green as in trend is overbought and going strong) and below 20 a certain color(bright red trend is down big time) coz the direction of the 20 above 80 or below 20 doesnt matter.

hope that makes sense and thank you guys very much
I like this color thing. Been working on similar changes to the indicator submitted by Skyline with the different timeframes and stochastics, but not much progress yet. Maybe this weekend have more time. A combo of the two indicators would almost make me wet my pants!
  • #933
  • May 10, 2007 2:09am May 10, 2007 2:09am
Quoting Westie
Hi Melpheos,

Im wondering in your guide you put together, you mention on EJ alone producing over 400 pips per month, im just wondering which timeframe that is based on, thanks alot, great thread and system.

westie
If you look in one of my old post on this topic you should find a manual simulation of this.

If i remember well it was on M15 or H1

Edit : no trade on my work office with the EA... I have changed the TF to M5 just to test (not to make profit as on this TF, there should be a lot of good signal but with bad return )

Quoting Westie
o

What settings do you have your red stoch at, my cross of those larger stochs looks much different to yours visualy, i have 20 10 20 and 70 10 20

Thanks
I'm still using 50/10/20 but anyway i'm not really using the long stoch, mainly using the 5 and 20 only
  • #934
  • May 10, 2007 2:11am May 10, 2007 2:11am
  •  aghast
  • | Joined Jun 2006 | Status: Fixed Income & Currencies Trader | 58 Posts
Guys, I forgot to tell you that if you put the EA on different timeframes on the SAME pair you have to change the Identifier (Magic Number) to something else. For example M15 om EURUSD use 111, M30 on EURUSD use 222, H1 on EURUSD use 333 and so on. When on the same pair.

P.S. I've added a line to give you the ability to change the magic number. Good trading today. A lot of news. Be on alert.
Attached File(s)
File Type: ex4 Stochastic_Advisor.ex4   11 KB | 560 downloads
Fortune always favors the brave.
  • #935
  • Edited 3:24am May 10, 2007 3:09am | Edited 3:24am
Quoting aghast
Guys, I forgot to tell you that if you put the EA on different timeframes on the SAME pair you have to change the Identifier (Magic Number) to something else. For example M15 om EURUSD use 111, M30 on EURUSD use 222, H1 on EURUSD use 333 and so on. When on the same pair.

P.S. I've added a line to give you the ability to change the magic number. Good trading today. A lot of news. Be on alert.
No worries, it on only one TF but thans, i'm trying to do a backtest with my plateform but i cannot convert to M15 and H1 dunno why and on M5 it stops in 2005 with a very good profit but i cannot reproduce it :-/

Also the stop out occur because there is no SL as far as i can see... Is there one ?

With a SL i think this EA could be winner (the strategy is a winner allready but i really though i was not possible to actually code it, you are doing a great job )
  • #936
  • May 10, 2007 4:39am May 10, 2007 4:39am
  •  aghast
  • | Joined Jun 2006 | Status: Fixed Income & Currencies Trader | 58 Posts
Quoting melpheos
No worries, it on only one TF but thans, i'm trying to do a backtest with my plateform but i cannot convert to M15 and H1 dunno why and on M5 it stops in 2005 with a very good profit but i cannot reproduce it :-/

Also the stop out occur because there is no SL as far as i can see... Is there one ?

With a SL i think this EA could be winner (the strategy is a winner allready but i really though i was not possible to actually code it, you are doing a great job )
Hi, from back to top. There is no SL at the moment. I can add it but boxingislife has to share some thoughts on it. Does he use one?

Charts are converted with "period_converter" in scripts folder. Just drop it on the chart and it will convert it. If you don't know how you have to download a databank from alpari (1 minute) and import it into the history center. Than open offline the chart and convert the period. Search google for a guide. Only then the tests will be partly reliable. I don't know why it closes it. Must be a MT4 thing.
Fortune always favors the brave.
  • #937
  • May 10, 2007 5:08am May 10, 2007 5:08am
Quoting aghast
Hi, from back to top. There is no SL at the moment. I can add it but boxingislife has to share some thoughts on it. Does he use one?

Charts are converted with "period_converter" in scripts folder. Just drop it on the chart and it will convert it. If you don't know how you have to download a databank from alpari (1 minute) and import it into the history center. Than open offline the chart and convert the period. Search google for a guide. Only then the tests will be partly reliable. I don't know why it closes it. Must be a MT4 thing.
After some work it was just a small bug... It's ok now

Backtesting running and forward also... Here is one result

It seems that when low period and long period stoch have the same value, the EA will not send any order (this is what i see from backtest and forward test )

Also the order is send as soon as a cross of the 5 occurs even if it is not existing at the end of the candle.

The results are very tempting with only 4 loosing trade in 204 (and whats more when you look at the data, the failed order are only because of the implementation of the 5th decimal in MT4 standard release )
Attached File(s)
File Type: zip StrategyTester.zip   15 KB | 489 downloads
  • #938
  • May 10, 2007 5:31am May 10, 2007 5:31am
Another backtest, with high leverage but with high security (signal given only when above/under 90/10 ) TP set @ 50 pips (you see 500 but that's again because of the newest MT4 ver )

Also note that this is without money management nor SL (hence the last big drop due to the long term uptrend on the Yen )
Attached File(s)
File Type: zip StrategyTester.zip   8 KB | 442 downloads
  • #939
  • May 10, 2007 9:39am May 10, 2007 9:39am
Hi melpheos,

We all know about the limitations with backtesting but these results are nothing but sensational if they are close to what would have happened.

For your second test you state that these were at better risk as you used the 90/10 levels but if your fist test is valid I don't think that a 98% win rate can be sniffed at. This is actually higher than the second safer test, which achieved 97%.

The trade rate is also interesting.

Test 1 : 204 trades in 621 calender days, which equates to appx 1 trade every 2.25 trading days.

Test 2 : 35 trades in 716 calender days, which equates to appx 1 trade every 14.5 trading days.

From this I would think that the 'safer' method doesn't offer any real advantage.

Have you run any other tests? I know boxing doesn't recommend the 15 min but if this example is reliable then we may be able to revise this understanding.

I have the EA running on demo on several pairs on 5 min charts just to get more action. Seems to work OK to date. What we need to do is collate some real-time forward testing results and then run a back-test to compare. If that looks promising then it would add some support to the value of the longer term backtests that you have run.

Congratulations on keeping up the content on this thread. I havn't posted much but I have been keepong my eye on it.

Here's to some automated pips!!

G-Man
  • #940
  • May 10, 2007 9:45am May 10, 2007 9:45am
Addendum to the above:

If the TP on the safer setup looks better then a trailling stop on the earlier version may be beneficial.

G-Man
0 traders viewing now