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(binned per thread starter’s request) Trading with the DTosc Indi

  • #1
  • First Post: Edited Feb 9, 2025 1:33am Feb 8, 2025 1:00am | Edited Feb 9, 2025 1:33am
Hi Traders,
I have been forced to find an indicator / indicators that actually work and a that a person new to trading could easily understand and start to profit in a short amount of time.Why? As most of you are aware my health is poor and I will not be around forever. I want to make sure my wife, Daughter, grandchildren will be financially okay when I can no longer trade and finance there lives. I have been trying to teach my wife how to trade without indicators but it has been harder than expected. I showed her some indicators (Moving averages and Stochastic) and she started to get a grasp of trend and where to place trades. So I thought I would post the trading system here for you all to evaluate and use if you wish. I have traded this system live for two weeks and it has returned 17% which I am happy with.
The indicators used are:
DTosc
and
5 SMA High
5 SMA Low
Chart is
15m Bar Chart
More to follow
Attached File(s)
File Type: ex4 Pivot_Voty.ex4   75 KB | 1,013 downloads | Uploaded Feb 9, 2025 1:32am
Attached Image (click to enlarge)
Click to Enlarge Name: DTO System Chart.png Size: 16 KB

Attached File(s)
File Type: mq4 #DTosc.mq4   2 KB | 1,926 downloads


Template
Attached File(s)
File Type: tpl #DTosc.tpl   12 KB | 1,198 downloads | Uploaded Feb 9, 2025 1:28am
Your trade order needs to be in the right place at the right time.
  • #2
  • Edited 2:24am Feb 8, 2025 2:10am | Edited 2:24am
Some trades taken last week

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Your trade order needs to be in the right place at the right time.
  • #3
  • Feb 8, 2025 2:33am Feb 8, 2025 2:33am
I have found that When the DTosc crosses it will head in the same direction long enough to grab some pips.
The rules are.
Trade around market opens
DTosc has crossed
Price has closed inside the SMA bands
I have been using support and resistance levels to take profit.
I have used an initial 20pt SL and 30pt TP but adjust these when the trade is open.
Nothing new here just trying to get some daily pips

I'll post my trades next week
Your trade order needs to be in the right place at the right time.
  • #4
  • Feb 8, 2025 2:57am Feb 8, 2025 2:57am
Thanks for sharing! Please continue.
  • #5
  • Feb 8, 2025 7:06am Feb 8, 2025 7:06am
Order of trade validation.
For short trades.
1. Market has been trending up (trading to the top side of the 5 SMA high)
2. Price will usually spike up then close under the upper band. This is the first thing I look for.
3. If DTO has already crossed down, I open a sell position on the bar close under the upper SMA.
4. if DTO has not crossed I wait until it has crossed on close and sell that bar.
You don't have to be exact.
Just follow next week and I'll show you how it works.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade setup .png Size: 19 KB
Your trade order needs to be in the right place at the right time.
  • #6
  • Feb 8, 2025 7:23am Feb 8, 2025 7:23am
Trade example.
Take a look at your charts with these indicators.
Just follow the trades this week, have a go if you want. I won't be answering many questions as it is so easy. Just grab some pips. 5, 10, 15, 20 what ever suits you.
Don't make it difficult.
Attached Image (click to enlarge)
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Attachment g
Your trade order needs to be in the right place at the right time.
  • #7
  • Feb 8, 2025 7:29am Feb 8, 2025 7:29am
Attached File(s)
File Type: mq4 #DTosc.mq4   2 KB | 670 downloads
Your trade order needs to be in the right place at the right time.
  • #8
  • Feb 8, 2025 7:35am Feb 8, 2025 7:35am
Quoting Islandfx911
Hi Traders, I have been forced to find an indicator / indicators that actually work and a that a person new to trading could easily understand and start to profit in a short amount of time.Why? As most of you are aware my health is poor and I will not be around forever. I want to make sure my wife, Daughter, grandchildren will be financially okay when I can no longer trade and finance there lives. I have been trying to teach my wife how to trade without indicators but it has been harder than expected. I showed her some indicators (Moving averages...
A bit like the "Roadmap" strategy of Laura's
https://www.forexfactory.com/thread/993524-roadmap-a-way-to-read-markets

What is the DTosc please - I have Ninja trader at present?
but, if I can, I will use it in conjunction with her approach, to see if it improves trade selection albeit on a smaller time frame on the SP500 Micro Future.
Great thread Islander and thank you for sharing your ideas.
every Saint has a past. Every Sinner has a Future
  • #9
  • Feb 8, 2025 7:44am Feb 8, 2025 7:44am
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  • #10
  • Feb 8, 2025 7:56am Feb 8, 2025 7:56am
Quoting Islandfx911
An indicator that actually works

All indicators “work” in the sense that they display accurately what their programmed instructions tell them to display. Whether they help you to develop a genuine, verifiable edge is another matter.

D.T.Osc (dynamic trader oscillator) is basically another name for a variety of “Stochastic RSI”. It’s available free for both MT4 and MT5 from indicatorspot.com, for anyone wanting to use their version. I wish you good luck with it, of course, but it’s certainly no holy grail, I’m afraid - to put it mildly.
  • #11
  • Feb 8, 2025 7:57am Feb 8, 2025 7:57am
Quoting turnip15
{quote} A bit like the "Roadmap" strategy of Laura's https://www.forexfactory.com/thread/993524-roadmap-a-way-to-read-markets What is the DTosc please - I have Ninja trader at present? but, if I can, I will use it in conjunction with her approach, to see if it improves trade selection albeit on a smaller time frame on the SP500 Micro Future. Great thread Islander and thank you for sharing your ideas.
Aha.... I might have found it?

https://www.prorealcode.com/prorealtime-indicators/dtosc-dynamic-trader-oscillator/#:~:text=The%20%E2%80%9CDTOSC%E2%80%9D%20(Dynamic%20Trader,the%20code%20on%20this%20website.
every Saint has a past. Every Sinner has a Future
  • #12
  • Feb 8, 2025 8:10am Feb 8, 2025 8:10am
Quoting Islandfx911
Trade example. Take a look at your charts with these indicators. Just follow the trades this week, have a go if you want. I won't be answering many questions as it is so easy. Just grab some pips. 5, 10, 15, 20 what ever suits you. Don't make it difficult. {image} 4894992
thanks for this simple trading approach!

as i trade european time, i will have a look at the openings of london and frankfurt.

what i noticed is that the indicator looks a bit different from yours (below is the USDJPY chart).

can you please tell me if you use the same variables? thanks!
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trading is like dancing, don't think and just listen to the music!
  • #13
  • Feb 8, 2025 9:08am Feb 8, 2025 9:08am
The Holy Grail is YOU, not an EA, Indicator or even a little Alert....
  • #14
  • Feb 8, 2025 9:26am Feb 8, 2025 9:26am
Quoting gringo2019
The Holy Grail is YOU, not an EA, Indicator or even a little Alert....
You're not entirely wrong, but you're not completely right either.
An indicator—or any other tool—won't magically turn you into a profitable or professional trader. Think of it like a chef in the kitchen: a novice cook could have the finest knives and utensils at their disposal, but that alone won't make them a Michelin-starred chef.
However, an experienced chef knows how to fully utilize those tools, enhancing their efficiency and elevating their craft. The same principle applies to trading—it's not about the tools themselves, but how skillfully you use them.
  • #15
  • Feb 8, 2025 9:46am Feb 8, 2025 9:46am
Which support my statement - YOU are The Holy Grail.
No tool works without a Human Being, no sport, no job, nothing on the planet Earth works without a Human Being - The Grail.
Amen.
  • #16
  • Feb 8, 2025 10:20am Feb 8, 2025 10:20am
Quoting birdland
{quote} thanks for this simple trading approach! as i trade european time, i will have a look at the openings of london and frankfurt. what i noticed is that the indicator looks a bit different from yours (below is the USDJPY chart). can you please tell me if you use the same variables? thanks! {image} {image}
Will Ninja Trader web import this indicator?
every Saint has a past. Every Sinner has a Future
  • #17
  • Feb 8, 2025 10:31am Feb 8, 2025 10:31am
Quoting turnip15
{quote} Will Ninja Trader web import this indicator?

well i dont know because i use only mt4 and sometimes tradingview for stocks...sorry;-)
trading is like dancing, don't think and just listen to the music!
  • #18
  • Feb 8, 2025 10:42am Feb 8, 2025 10:42am
Tradingview...

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  • #19
  • Feb 8, 2025 10:55am Feb 8, 2025 10:55am
Quoting CogAlpha
Tradingview... {image}
Love your work on TV, can you turn this into one indicator for ease
  • #20
  • Feb 8, 2025 11:01am Feb 8, 2025 11:01am
Quoting MachineLearn
{quote} Love your work on TV, can you turn this into one indicator for ease
Its easy.. I just need to add the sma high/low to it.
The "Strength Meter" I have added to the Oscillator doesnt want to work the way I want it to yet though.

Glad you like my work
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