Your trade order needs to be in the right place at the right time.
(binned per thread starter’s request) Trading with the DTosc Indi
- #42
- Feb 8, 2025 10:48pm Feb 8, 2025 10:48pm
- Joined Aug 2017 | Status: Trader | 3,296 Posts
Thanks for that....
Do you consider any divergence with DTO?
BTC 
USD M15
Do you consider any divergence with DTO?
BTC
Its all just one persons opinion
- #43
- Edited 11:14pm Feb 8, 2025 10:59pm | Edited 11:14pm
- Joined Jun 2015 | Status: Trader | 1,340 Posts
More on the BTCUSD Trade.
I have plotted 4 vertical lines on DTosc showing possible entries. So which is valid and how do you trade them?
To start with Cross 1 is the first valid trade. The next thing you have to ask yourself is where do I want to TP?
I mentioned I use Pivots / SnR to TP (This does not always work)
When trade is opened I use an initial SL and TP size and amend to suit TP's near pivots. This is based on daily range.
So if I had entered a trade at cross 1, I want the market to go some distance to give me a decent profit.
I would not be looking to go short at cross 2 because it is trading back towards the bullish breakout.
Could I add in at cross 3. No, because price took off.
In the following chart there is a cross 4 and cross 5.
The question you are all asking is what are the valid trades.
My view of cross 4 is, TP 2 was reached from cross 1 trade, so why do I need to place more trades.
However I would also be looking at a double top which would make me more inclined to give cross 4 ago.
It is also down to market timing (Opens) whether I would trade it.
I would be asking myself is cross 4 at a market open, if yes I would take it.
The same applies to cross 5, as to the timing regarding market opens.
These are just things to consider when you think about opening a position.
I have plotted 4 vertical lines on DTosc showing possible entries. So which is valid and how do you trade them?
To start with Cross 1 is the first valid trade. The next thing you have to ask yourself is where do I want to TP?
I mentioned I use Pivots / SnR to TP (This does not always work)
When trade is opened I use an initial SL and TP size and amend to suit TP's near pivots. This is based on daily range.
So if I had entered a trade at cross 1, I want the market to go some distance to give me a decent profit.
I would not be looking to go short at cross 2 because it is trading back towards the bullish breakout.
Could I add in at cross 3. No, because price took off.
In the following chart there is a cross 4 and cross 5.
The question you are all asking is what are the valid trades.
My view of cross 4 is, TP 2 was reached from cross 1 trade, so why do I need to place more trades.
However I would also be looking at a double top which would make me more inclined to give cross 4 ago.
It is also down to market timing (Opens) whether I would trade it.
I would be asking myself is cross 4 at a market open, if yes I would take it.
The same applies to cross 5, as to the timing regarding market opens.
These are just things to consider when you think about opening a position.
Your trade order needs to be in the right place at the right time.
- #44
- Feb 8, 2025 11:18pm Feb 8, 2025 11:18pm
- Joined Jun 2015 | Status: Trader | 1,340 Posts
Your trade order needs to be in the right place at the right time.
- #46
- Feb 9, 2025 12:16am Feb 9, 2025 12:16am
- Joined Jun 2015 | Status: Trader | 1,340 Posts
Just a couple more examples.
From some of my actual trades I have posted you will notice that I did not always get the trade opened within the bands. This can occur due to slippage, spread and me ducking away from the computer. The point here is to see the signal and act on it.
From some of my actual trades I have posted you will notice that I did not always get the trade opened within the bands. This can occur due to slippage, spread and me ducking away from the computer. The point here is to see the signal and act on it.
Your trade order needs to be in the right place at the right time.
Just a couple more examples. From some of my actual trades I have posted you will notice that I did not always get the trade opened within the bands. This can occur due to slippage, spread and me ducking away from the computer. The point here is to see the signal and act on it. {image} {image}
The Signals can be very solid, but if you are taking every Signal based on what you show.. your Account wont have too much fun.
- #48
- Feb 9, 2025 1:34am Feb 9, 2025 1:34am
- Joined Jun 2015 | Status: Trader | 1,340 Posts
Your trade order needs to be in the right place at the right time.
{quote} Hi Cog, I will be posting and discussing my trades, signals and why I take certain trades and not others. With your skills I expect you will have a working profitable TV version of this system in no time. If you find that you can produce an indicator for TV / MT4 / MT5 I would appreciate it if you share it freely. I will be happy to help you fine tune the system parameters. The entries on chart you have posted does not comply 100% with this system. Can you post the same chart for AU, AJ, UJ, EA,GA, EJ and GJ and I will have a look at them....
https://www.tradingview.com/script/Dl6KaUz2-COG-StochRSI-Ultimate-Pro/
I have published the Script. @Islandfx911, if you got Tradingview, please check it out to discuss stuff further.
I have NOT Coded the Signals when Price goes OUT of the "Bands" and then back in. Only the breakouts.
Reason: Not sure how to filter those Trades properly out yet, without having 100 Signals on the Chart.
I could add a Trend filter, but nothing of that kind got discussed in here yet and I want to add too much
of my own stuff, when its supposed to be based on this Thread.
For an explanation of how the Script works, please check the description in Tradingview
Edit as Promised. The Template. Just press copy on the top Right using the link!
https://www.tradingview.com/chart/XLHfEtX5/
- #50
- Edited 2:37am Feb 9, 2025 2:23am | Edited 2:37am
- Joined Jun 2015 | Status: Trader | 1,340 Posts
{quote} [COG] StochRSI Ultimate Pro+
I only trade certain pairs during certain market opens, therefore as this is GU I would only look at opening a trade during the build up to market open and 1 - 1.5hrs after the open. There were two valid signals however with big US news on the way I would not have traded the 11.15 Sell.
I have marked the times to start looking for GU, EU, EG, Dax trades being 8.00 through to 11.30. I have found that nothing much happens to the European pairs out of these times.
Here is the AU chart showing the times of interest and trade entries.
You would therefore only have two valid trades on AU and one on GU
The setup validation has been posted earlier.
Regards
Rob
Your trade order needs to be in the right place at the right time.
- #51
- Feb 9, 2025 2:45am Feb 9, 2025 2:45am
- Joined Jun 2015 | Status: Trader | 1,340 Posts
{quote} [COG] StochRSI Ultimate Pro+
Bearish entry
if DTosc has crossed down and closed and price has closed inside the 5SMA bands and the market hours are (as I explained certain pairs at certain times)
I'll use AU as an example
and the terminal time is between 1.00 and 4.30 then sell on close.
It is irrelevant that price has traded outside the bands. Inside the bands offer a value trade.
If you are trading a band breakout you have lost your edge.
Your trade order needs to be in the right place at the right time.
- #54
- Feb 9, 2025 4:26am Feb 9, 2025 4:26am
- Joined Aug 2010 | Status: absolute beginner | 5,464 Posts
trading is like dancing, don't think and just listen to the music!
- #57
- Feb 9, 2025 6:34am Feb 9, 2025 6:34am
- Joined Nov 2023 | Status: Trader | 1,398 Posts
{quote} [COG] StochRSI Ultimate Pro+
I'm liking what I see on the 1 Hour. 60+% win rate if you exit on next candle on EURUSD and UJ so far.
{quote} Regarding the entry. I am not a coder but I will try to explain it. Bearish entry if DTosc has crossed down and closed and price has closed inside the 5SMA bands and the market hours are (as I explained certain pairs at certain times) I'll use AU as an example and the terminal time is between 1.00 and 4.30 then sell on close. It is irrelevant that price has traded outside the bands. Inside the bands offer a value trade. If you are trading a band breakout you have lost your edge.
Keep in mind that different Brokers use different Data, so there might be differences.
(use the previous posted Link if you want the Script)
