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MTF Stochastics

  • #1,101
  • Jul 31, 2007 3:42am Jul 31, 2007 3:42am
thanks emda
  • #1,102
  • Jul 31, 2007 6:42am Jul 31, 2007 6:42am
Quoting jnevins
Hi Stochasters...!

Here is another screenshot from my Multi-time frame Stochastic MT4 Screen...

I have been most interested in working with daily charts, specifically GBP/USD... My strategy is to trade the daily chart only when the weekly stochastic is OB or OS... As the weekly begins to cross, enter long or short as the daily stoch (blue and yellow) cross...

Ignore the daily until the OB/OS range is reached on the weekly.

This system has produced 2,031 pips since the entry on March 8th, until the exit on July 26...

Comments?
jnevins,

I read all your six posts, it seems stick to this day-week charts. you didn't even follow the crowd, you follow yourself - i wonder if people trading 30min or 4hr are consistently getting more pips than you do.

jnevins, i know you don't trade NZD/JPY, but how will you filter when stochastics stuck in oversold or overbought and price still going thesame direction?

pls, see the chart below
Attached Image (click to enlarge)
Click to Enlarge Name: Image10.jpg Size: 55 KB
  • #1,103
  • Jul 31, 2007 6:46am Jul 31, 2007 6:46am
Quoting moneda

14.3.3 Per Spud......

Thanks, Moneda!
Jeff Singer, K2KV
  • #1,104
  • Jul 31, 2007 7:02am Jul 31, 2007 7:02am
Quoting banzai
May we use your template? Thanks.
Sure thing... Install these two #MTF Stochastic Oscillators... On the chart I posted, the indicator titled # V2.0 is the Daily swing...

Settings are Daily: 5,4,4, Weekly, 5,3,4

All observations, comments, questions welcome...

I have been demo trading only to date. I still need to work out position sizing and money management principles. My goal is not living income, but to grow a retirement account, long term.
Attached File(s)
File Type: mq4 #MTF Stochastic v2.0.mq4   6 KB | 1,601 downloads
File Type: mq4 #MTF_Stochastic.mq4   4 KB | 1,250 downloads
File Type: tpl daily #mtf stochastic swing.tpl   2 KB | 1,157 downloads
  • #1,105
  • Jul 31, 2007 8:14am Jul 31, 2007 8:14am
Quoting watchout4me
jnevins,

I read all your six posts, it seems stick to this day-week charts. you didn't even follow the crowd, you follow yourself - i wonder if people trading 30min or 4hr are consistently getting more pips than you do.

jnevins, i know you don't trade NZD/JPY, but how will you filter when stochastics stuck in oversold or overbought and price still going thesame direction?

pls, see the chart below
Hi Watchout...

I can't get access to NZD/JPY on the accounts I am running right now... I have Alpari and Interbank fx but neither gives me data for that pair.

My advice is to change the slowing parameter and keep backtesting until you are satisfied with the possibilities. Again, go for the long weekly swings and enter on the daily stoch once the weekly has played out and is turning around.
  • #1,106
  • Jul 31, 2007 6:40pm Jul 31, 2007 6:40pm
Quoting jnevins
Sure thing... Install these two #MTF Stochastic Oscillators... On the chart I posted, the indicator titled # V2.0 is the Daily swing...

Settings are Daily: 5,4,4, Weekly, 5,3,4

All observations, comments, questions welcome...

I have been demo trading only to date. I still need to work out position sizing and money management principles. My goal is not living income, but to grow a retirement account, long term.
Is there a MTF stoch v2 with an alert when the main line crosses the signal line?

Thanks,
traden4x
  • #1,107
  • Aug 1, 2007 7:25am Aug 1, 2007 7:25am
Quoting traden4x
Is there a MTF stoch v2 with an alert when the main line crosses the signal line?

Thanks,
traden4x
Sorry, I don't have one... My method involves not stying anywhere near my computer while the trade is on... just check in each evening to watch the weekly stoch unfold... The average swings have been around 6 weeks this past year.
  • #1,108
  • Aug 1, 2007 8:29am Aug 1, 2007 8:29am
jnevins,
interesting approach you are sharing with us. Wondering if the 75 & 28 levels on the weekly sto have any significance other than being the ob/os levels for the weekly, Do you give the ranges from the 80 - 75 & 20 - 28 any other consideration..

While I'm asking I might as well ask if there is anything besides the long term trend direction you pick up from the High/Low MA on your chart.

(Just want to be sure not to miss any nuances of your approach)

thanks,
Tom
  • #1,109
  • Aug 1, 2007 2:44pm Aug 1, 2007 2:44pm
Hi there,
as i read originally the method was used for trading gbp/jpy. Is it possible to use it for other currency pairs? If yes, for which ones? Thanks for the help.
All the best, xrbor.
  • #1,110
  • Aug 2, 2007 6:19am Aug 2, 2007 6:19am
Quoting xrbor
Hi there,
as i read originally the method was used for trading gbp/jpy. Is it possible to use it for other currency pairs? If yes, for which ones? Thanks for the help.
All the best, xrbor.
Early in the thread Spud indicated that this could be setup for use on other pairs. I trade G/U with the MTF stoch. You must however learn the characterisics of the pairs you like to trade.
  • #1,111
  • Aug 2, 2007 7:33am Aug 2, 2007 7:33am
Quoting traden4x
Is there a MTF stoch v2 with an alert when the main line crosses the signal line?

Thanks,
traden4x
I don't have a MTF Stochastic indicator with an alert. attached is a Stochastic indicator that will alert for the timeframe of your current chart. The alert will trigger after the current candle has closed.

This was posted to the Metatrader's Experts and Indicators group on Yahoo...

[email protected]
Attached File(s)
File Type: mq4 StochCrossAlertOnClosedCandle.mq4   2 KB | 1,764 downloads
  • #1,112
  • Aug 2, 2007 7:41am Aug 2, 2007 7:41am
Quoting BookerT
jnevins,
interesting approach you are sharing with us. Wondering if the 75 & 28 levels on the weekly sto have any significance other than being the ob/os levels for the weekly, Do you give the ranges from the 80 - 75 & 20 - 28 any other consideration..

While I'm asking I might as well ask if there is anything besides the long term trend direction you pick up from the High/Low MA on your chart.

(Just want to be sure not to miss any nuances of your approach)

thanks,
Tom
Hi Tom.

The only thing I noticed is that at the oversold level on the weekly, the 28 gets hit more consistently in an up market than the 20 and the holds for a down market... The 75 or so might be better... It is important to check out your particular pair and do your own observations.

The MA's on my chart are the 144 ema and the 200 ema. In an up trending market, when the weekly stoch is bottoming out, chances are high that price will touch down briefly on the 144, then bounce and resume the up trend as the stoch rises... that is until the main weekly trend is broken... On the cable, we have been in a steady uptrend for the past 16 months.
  • #1,113
  • Aug 2, 2007 7:50am Aug 2, 2007 7:50am
Quoting xrbor
Hi there,
as i read originally the method was used for trading gbp/jpy. Is it possible to use it for other currency pairs? If yes, for which ones? Thanks for the help.
All the best, xrbor.
Yes! This approach will work in every market, and every time frame. It is very important to spend a lot of "screen time" with your favorite pair to discover how it moves, its range, etc. You might want to optimize the stoch parameters for a given pair in a given time frame. My favorite pair right now is the GBP/USD.

The beauty of this system is that you are constantly being asked to consider the "bigger picture" before you make a decision to trade.
  • #1,114
  • Edited 6:55pm Aug 4, 2007 6:51pm | Edited 6:55pm
I am still looking to enter correctly (aren't we all?).. here is a GBP?USD daily chart with a 5,3,4 weekly #MTF Stochastic and an indicator that appeared on the Metatrader Experts and Indicators list...

Snake force looks like another great way to enter and exit... Briefly put:

Enter when the wk1 stoch is crossing and is oversold and stoch is crossing up and you see a fat green bar on the Snake Force indicator. Exit when indicated by the weekly stoch and you see a thin green bar... the entry and exit follow the signial bar.

I'll be away for a few days, until the 10th or so...

Thanks Spud! Enjoy your break.
Attached Image (click to enlarge)
Click to Enlarge Name: Snake 08 04 07.jpg Size: 122 KB
Attached File(s)
File Type: mq4 SnakeForce.mq4   6 KB | 1,331 downloads
  • #1,115
  • Aug 5, 2007 8:46am Aug 5, 2007 8:46am
thanks

I always want to make sure e.g. M30 align with H1 or H4 then i scalp then switch to M1.

use william's percentage range - period:14 - then i buy in direction of the trend. i look for around 10pips.

b4 H1 go to oversold/overbought, i made if not twice the number of pips a person waiting until H1 go oversold/overbought.

but i can't be watching the screen all the time, can there be an EA for this?

but i'm not sure this will work during 'news' time.

can anyone test it, the screen shot is just only 2days i applied the method.
Attached Image (click to enlarge)
Click to Enlarge Name: Image11.jpg Size: 80 KB
  • #1,116
  • Aug 6, 2007 7:41am Aug 6, 2007 7:41am
i think snakeforce is repaint,do you think about?
  • #1,117
  • Aug 6, 2007 8:23am Aug 6, 2007 8:23am
Quoting wwp726
i think snakeforce is repaint,do you think about?
it doesn't repaint... but i've seen it updates the latest 6 bars (aprox) so.. you can't decide on the last bar.. because it can change 6 bars ahead.
  • #1,118
  • Aug 6, 2007 8:31am Aug 6, 2007 8:31am
i need major help here. i have read this post in the past, but have been unable to look inot it due to a new job and new hours. the software i have blows, so i need some new trading software that i can work with. i went to fxcm and got their free software, but cannot get anything other than charts. is there a secret anyone knows?? i see the last chart is metatrader and i have gone to the site, but there is no software download, or am i blind???
  • #1,119
  • Aug 6, 2007 7:23pm Aug 6, 2007 7:23pm
Quoting emda
it doesn't repaint... but i've seen it updates the latest 6 bars (aprox) so.. you can't decide on the last bar.. because it can change 6 bars ahead.
I'm using it on the daily chart and will test it forward for awhile... I am taking screen shots as I go to see if it is steady or not...

Still.. the main issue for this thread is multi time frame stochastics... that is why we are here....

The weekly stoch is still keeping me short on the GU from July 26.... I'm expecting the bottom of that cycle to reach the 144 ema at around 2.0000 around the end of August.
  • #1,120
  • Aug 6, 2007 7:28pm Aug 6, 2007 7:28pm
Quoting mtrmth
i need major help here. i have read this post in the past, but have been unable to look inot it due to a new job and new hours. the software i have blows, so i need some new trading software that i can work with. i went to fxcm and got their free software, but cannot get anything other than charts. is there a secret anyone knows?? i see the last chart is metatrader and i have gone to the site, but there is no software download, or am i blind???
Many or most of us are using Meta Trader 4... it is free, has a huge world wide developer base for indicators and experts and is very powerful. Try these links for a free download....

http://www.alpari-idc.com/en/metatrader4/index.html

http://www.interbankfx.com/Platform/Overview.aspx
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