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  • #981
  • Jul 6, 2007 7:57am Jul 6, 2007 7:57am
Quoting randomlight
Thanks 'Se[V]eN .

I have drag and dropped ma`s into different indicators but this has me puzzled .Where do I find a stoch that gives 4hr 1hr 30min reading that I can drag into a 15 min indicator though. Is there no detailed explanation anywhere?, thanks for any help.
Randomlight,

Go to View -> Navigator in your menu bar. Once the Navigator is open, find the indicator you want and simply drag and drop it into your 15M indicator window, or wherever else you want it to appear.
Jeff Singer, K2KV
  • #982
  • Jul 6, 2007 10:17am Jul 6, 2007 10:17am
Quoting k2kv
Randomlight,

Go to View -> Navigator in your menu bar. Once the Navigator is open, find the indicator you want and simply drag and drop it into your 15M indicator window, or wherever else you want it to appear.
Thanks K2Kv ,I know it is a drag and drop function and I have done it a lot of that before,I just don`t know what we are draging and dropping and where. Could you please help me with this. thanks
  • #983
  • Jul 6, 2007 10:25am Jul 6, 2007 10:25am
Quoting randomlight
Thanks 'Se[V]eN .

I have drag and dropped ma`s into different indicators but this has me puzzled .Where do I find a stoch that gives 4hr 1hr 30min reading that I can drag into a 15 min indicator though. Is there no detailed explanation anywhere?, thanks for any help.
I created a new section which holds a template and the MTF STochastic V2.0. This should ease your pain.

http://www.forexfactory.com/showthread.php?t=37176
  • #984
  • Jul 6, 2007 2:29pm Jul 6, 2007 2:29pm
Spudfyre was good enough to post his indicator and template with instructions .I have used metatrader for over a year and had no problems but still can`t seem to get the indicator.I`m starting to wonder if it is a setting thing.
Anyway a couple of guys mentioned a drag and drop function that would do it I`d sure like to try that if someone could help me.,I just don`t know what we are draging and dropping and where. Could someone who set up this way tell me what they did. thanks
  • #985
  • Jul 7, 2007 1:32am Jul 7, 2007 1:32am
based on the pdf manual,the stoch level we put is 80 and 20.but recently i found that Spud are using 76.4 and 23.6 already,so which 1 to follow?
  • #986
  • Jul 7, 2007 8:05am Jul 7, 2007 8:05am
Quoting amenlo9
based on the pdf manual,the stoch level we put is 80 and 20.but recently i found that Spud are using 76.4 and 23.6 already,so which 1 to follow?
You can use either. I went with 76.4 and 23.6 because they are Fibonacci ratios rather than just an arbitrary number like 80 or 20.
  • #987
  • Jul 7, 2007 8:35am Jul 7, 2007 8:35am
Quoting Spudfyre
You can use either. I went with 76.4 and 23.6 because they are Fibonacci ratios rather than just an arbitrary number like 80 or 20.

You know spud, I am not a great believe in Fibs esp on Stochs
but that is me & you do it well. & not to sound negative in anyway

20% & 80% have the advantage of ...
they are what everyone is seeing & that is when most people start to make moves
..some of the biggest moves come right at the 20% & 80% marks

in fact many pro trades only start trading at these point (that likeky surprise some people)
because we often have big moves right at these points
and the reason is simple ...it is the points that people start to bail...
even panic "Its overbought--oversold I have to get out.. NOW"
... but the market still has some juice in it, so off the market it goes!!
so you may miss some of those moves at the settings 76.4 & 23.6

that is my thoughts

TEB
  • #988
  • Jul 7, 2007 10:26am Jul 7, 2007 10:26am
Quoting TEB63
You know spud, I am not a great believe in Fibs esp on Stochs
but that is me & you do it well. & not to sound negative in anyway

20% & 80% have the advantage of ...
they are what everyone is seeing & that is when most people start to make moves
..some of the biggest moves come right at the 20% & 80% marks

in fact many pro trades only start trading at these point (that likeky surprise some people)
because we often have big moves right at these points
and the reason is simple ...it is the points that people start to bail...
even panic "Its overbought--oversold I have to get out.. NOW"
... but the market still has some juice in it, so off the market it goes!!
so you may miss some of those moves at the settings 76.4 & 23.6

that is my thoughts

TEB
I knew we'd come to this some day. First, unless someone can prove to me otherwise with statistical data (I've run my own), there is absolutely no difference with 76.4 and 23.6 versus 80/20 in terms of signals. The selection of 80/20 or 76.4/23.6 is for our brains to visualize a signal point.

Having said that, the presentation here of selecting a fixed trading signal level like 80/20 or 76.4/23.6 is for simplification rather than trying to explain the nuances of anticipating a stochastic line that is a few points away from the 80 line on a closing candle. Signal levels are reference lines.

The reality is that most of the trade signals upon close of a candle are much higher and much lower than 80/20 or 76.4/23.6 because the stochastic moves much further during the candle move.

In MTF trading it is the movement of the stochastics that should be our signal and how the stochastics line up not the reference lines. But to write nuances in forum is, I believe an impossible task.

I would agree with you that many traders use 80/20 because those are the default numbers, however I would certainly bet that 99% of the trades are made with stochastics "off" the exact 80 or 20 level simply due to the way the stochastic ends up.

My thread theory is really teaching the nuances of stochastic moves ...I just don't want anyone to know that....oops! In MTF stochastics, the 80/20 or 76.4/23.6 lines are reference lines. The "safe" trading uses the reference lines....but the best trading comes before the reference lines are hit and the market is almost always moving before the reference lines get hit.

None of MTF Stochastics is really about 80/20...it could as easily be about 79/21 or 81/19.

For what percentage over the long run the impact of using 80/20 or 76.4/23.6 will have on our trading is nil. Just as equally as missing some trades with using 76.4/23.6 vs 80/20 we will also gain the advantage of waiting for some trades using 76.4/23.6. If we understand the nuances of stochastic moves the signal levels become even less important other than to understand that stochastics are over bought or over sold.

More traders will lose trades on bad stop loss setups and exits then they ever will on signal levels.

So, use 80/20 if you think it is better. Use 76.4/23.6 if you think it makes more logic mathematically and use 79/21, 81/19 if you are a free spirit or a rebel. None of it will matter in the long run.

The two charts below show that not a single major move was made at 80/20 or 76.4/23.6 on EURUSD 4H from May 11-July 6...however all the nuances of stochastic moves caught every major move. I know hard to see in the pic below, check it out.

I'm not saying you are wrong in what you say TEB, I'm just saying in the scheme of things it really won't make any difference to us as small traders if we use 80/20 or 76.4/23.6.
Attached Image
  • #989
  • Jul 8, 2007 7:03am Jul 8, 2007 7:03am
Hi Spud

I had a friend over - a computer guy & we looked at this
and our stats say it might make more of a differance then you think.

Of coarse you have to wait till the candle always closes
which in the test is a must.
not sure you always wait.. I don't.

but the 20 /80 seems to do a bit better always
the big moves you get over shaddow the turns with a good SL

& when we had the next higher chart going the right way
(normally the 4 hour) it was quite better.

Just a thought.

TEB
  • #990
  • Jul 8, 2007 7:22am Jul 8, 2007 7:22am
thanks your thread,but i have a question. your MTF stochastics indicator in lower time frame can not accurate display week time frame. why????
  • #991
  • Jul 8, 2007 8:20am Jul 8, 2007 8:20am
Quoting wwp726
thanks your thread,but i have a question. your MTF stochastics indicator in lower time frame can not accurate display week time frame. why????
You'll have to ask Iya who made the indicator. I have noticed a bug on my wife's computer where she cannot get the 4H to display on USDCAD and only that pair for some reason. Scratching my head on that one.
  • #992
  • Jul 9, 2007 6:00am Jul 9, 2007 6:00am
Quoting TEB63
You know spud, I am not a great believe in Fibs esp on Stochs
but that is me & you do it well. & not to sound negative in anyway

20% & 80% have the advantage of ...
they are what everyone is seeing & that is when most people start to make moves
..some of the biggest moves come right at the 20% & 80% marks

in fact many pro trades only start trading at these point (that likeky surprise some people)
because we often have big moves right at these points
and the reason is simple ...it is the points that people start to bail...
even panic "Its overbought--oversold I have to get out.. NOW"
... but the market still has some juice in it, so off the market it goes!!
so you may miss some of those moves at the settings 76.4 & 23.6

that is my thoughts

TEB

Hi Spud

I have all this stats from the weekend
I wanted to get it to you to look @ it- its a amazing
infact I am changing the set up of my Stochs

as a % of pip change in an up trend there is where the big moves happen

1. 15%-20%
2. 75%-80%
3. 80%-85
4. 20-25%
5. 50%-55%

I asked some computer programer traders why?
& it all makes sence - bacisal they buy when everyone sells
or just before everyone is getting in

anyways can not sent data by FF
send me your emal & I will try if you like to send it to you
big big file not sure I can break it down

anyways I thnk you would like to see it

TEB
  • #993
  • Jul 9, 2007 8:44am Jul 9, 2007 8:44am
I don't like to point people a trade predictions namely because a) I could be wrong and b) I don't get paid enough to do it

However, if you are not paying attention to USDCAD today and this week you should be. As a long term trade into Septmber/October there is a good short possibility here.

Canada is in a position of having to raise interest rates for the rest if the year and the US in the position of being unable to raise interest rates for the rest of the year.

The worst things get in the middle east play into the hands of the CAD as oil will skyrocket and send Canada's economy from boom to cosmic explosion for the better.

Canada has inflation, the US doesn't.

Canada doesn't have enough workers to fill the jobs as it is...the job increases in Canada are going to absorb the losses in manufacturing and more part-time jobs are being lost and more full-time jobs created. The US job increase is more of more government jobs being created which burden the US economy even more.

There is hardly anyone (including MSNBC!) who doesn't think Canada and the US will be at par sooner rather than later.

Canada is expected to raise interest rates by 0.75% before end of 2007...US..0% increase is expected.

Unless oil prices fall below $60 or even lower and the US resolves the Iraq problem then there is little to stem the rise of the CAD over the USD. For the US to raise interest rates would cripple the US economy.

Just my opinion, take it that I may be completely wrong. But for the record I am in short long term on USDCAD.
  • #994
  • Jul 9, 2007 12:14pm Jul 9, 2007 12:14pm
Wish they wouldn't hide Spuds thread on the second page of the journel section now!
  • #995
  • Jul 9, 2007 3:26pm Jul 9, 2007 3:26pm
So if I am reading everything right then we are looking at a possible short coming on the GBP/JPY? We still have a long time to go on the current 4 hour candle. I will wait for a couple more hours to make sure that it is going in the right direction. Any comments?
Cadillac Pippin
  • #996
  • Jul 9, 2007 8:56pm Jul 9, 2007 8:56pm
If you are in short on USDCAD be aware that there is speculation that intervention may occur between 1.03 and 1.04 with tomorrow's announcement, should the pair dip that low.

Sentiment is that there will be an exponential drive to bring the USDCAD down to 1.00 if the currency should drop any significant amount (say below 1.03). This is likely to cause intervention by either or both banks to prop the pair up and prevent such a move. A sudden drop in USDCAD could significantly hurt Canada's manufacturing industry and Canada's economy.

Watch for any hawkish rhetoric coming from Canada's news tomorrow. Such rhetoric would signal more rate increases in the future and likely put a lot of downward pressure on the USDCAD.

Also, watch for a spike up before the downward fall. Stops should be higher than 1.06.

If Canada does not raise its rate (unlikely), then have a quick exit plan.

Have fun, should be a blast!
  • #997
  • Jul 10, 2007 10:21am Jul 10, 2007 10:21am
Hi Spud,

Thanks so much for the posts you have contributed regarding MTF Stochs. Your experience and wisdom is immediately apparent. Your very presence gives everyone who reads this thread more courage.

I have been very interested in looking at the Forex market from a Long therm time frame for awhile now. In back testing the weekly stochastic swings on GBP/USD, and using the daily chart to time the entry, the number of pips gained would make anyone want to trade that way... I have used the rally beginning in early April, 2006 - the present to back test.

On this attached chart, I show a 2 period RSI overlaid onto a 5,3,3 Stochastic. Once the Stoch is OB or OS, sell or buy the next bar AFTER the RSI crosses the Stochastic Indicator. The circles indicate those times since April, '06. Total pips is 4,019 with the highest gain of 1,341 pips and the lowest gain of 70 pips. In 66 weeks to the present, the gain is 60 pips per week. There are no losses.

When approaching an OB or OS level on the Stochastic, if I switch to the daily chart, the entries and exits are much better and the gain nearly doubles... again no losses.

My question then is In your opinion, could one contemplate trading this with a real account or is this a classic case of the back test always looking good and in a forward test, a minefield may lie ahead.

Thanks again!
Attached Image
  • #998
  • Jul 10, 2007 10:54am Jul 10, 2007 10:54am
Finally found the sub forum...nice!...no problem finding you now.
  • #999
  • Jul 10, 2007 11:43am Jul 10, 2007 11:43am
Quoting jnevins
Hi Spud,

Thanks so much for the posts you have contributed regarding MTF Stochs. Your experience and wisdom is immediately apparent. Your very presence gives everyone who reads this thread more courage.

I have been very interested in looking at the Forex market from a Long therm time frame for awhile now. In back testing the weekly stochastic swings on GBP/USD, and using the daily chart to time the entry, the number of pips gained would make anyone want to trade that way... I have used the rally beginning in early April, 2006 - the present to back test.

On this attached chart, I show a 2 period RSI overlaid onto a 5,3,3 Stochastic. Once the Stoch is OB or OS, sell or buy the next bar AFTER the RSI crosses the Stochastic Indicator. The circles indicate those times since April, '06. Total pips is 4,019 with the highest gain of 1,341 pips and the lowest gain of 70 pips. In 66 weeks to the present, the gain is 60 pips per week. There are no losses.

When approaching an OB or OS level on the Stochastic, if I switch to the daily chart, the entries and exits are much better and the gain nearly doubles... again no losses.

My question then is In your opinion, could one contemplate trading this with a real account or is this a classic case of the back test always looking good and in a forward test, a minefield may lie ahead.

Thanks again!
Thank you for posting you information here, it looks very interesting. I believe you have taken that "next step" by posting your info here and exposing it to the masses. The great thing about collectively sharing info at FF is that many people will test your ideas many different ways and expose problems or find improvements. The next real step is to trade it like a live account on a demo account and see if there are any strange things happening during a live trade with the indicators or results. Obviously trading it live on a real account is better because it also test emotions and the trigger finger results. If you are confident with your results, than I would trade it live with caution and look at the failures closely (if any).
  • #1,000
  • Jul 10, 2007 3:20pm Jul 10, 2007 3:20pm
jnevins,

That sounds interesting and I would be interested in running some backtests on it myself. I have a couple questions though if you don't mind.

1) Are you using the standard 80/20 for OB and OS?
2) When would you exit?

Thanks in advance! Looking forward to trying it out.
I'm loving stochastics more & more every day.
I came, I saw, I conquered [your pips]. -- Julius Caesar
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