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MTF The Escalator to Pips Strategy

  • #41
  • Sep 23, 2007 7:23pm Sep 23, 2007 7:23pm
http://i43.photobucket.com/albums/e3...d09242007b.gif

I would like to share whatever I know. If M15 Stoch were on top of H1 Stoch in the overbought area and it crosses down, that's a good sign to go SHORT.
  • #42
  • Sep 23, 2007 10:01pm Sep 23, 2007 10:01pm
This is the reply of the Stoch Bar creator:

Quoting mladen
If we leave that option than there is some side effect that should be known:

for example :
15 chart with 5 min time frame

current bar -> ok
previous bar -> time-15 indicator showing time-5 value
so you have a serrious time deviation and the indicator is, appart from the current bar, never showing any correct value for that time point (only if,by chance they are the same)

that is why I do not let that option in indicators

in stringToTimeFrame function of indicator you have a line
PHP Code
 if (tf<Period()) tf=Period();
just comment it out and that will do the trick

regards
mladen

Quoting abcdefg
I like the V1.02 cause it comes with the alert, but when switched to say 15mins, it cannot display the stochastic for 5min, which means at higher tf, lower tf is not able to display, anyone could try to fix it? look forward to v1.03 or above

Cheers!
  • #43
  • Sep 24, 2007 9:42am Sep 24, 2007 9:42am
Quoting emda
This indicator doesn't repaint... but it must repaint
Hmmmm so it repaints or not ?

I have made an MTF indicator showing exactly the same thing as banzai's indicator but on the chart with dots of different colors.

Applied on TF M15, i definitly saw the H4 dots appearing/disappearing on my chart as the time goes by during the whole 16 candle of the TF M15.

It does not mean the indicator is bad or good. It means it repaints. When a stoch 5 is in o/b o/s it will repaint as a slight change of price can change the direction of the stoch and even when the slope is steap (spelling ? ) it can change direction during this 4h period.

The only way to have it not repainting for sure is to draw the change on the first candle of the next 4h period (as i said before on i-17 for H4, i-5 for H1 etc ) In this case, you can be sure that what you are looking at will not change and the signals can be used for backtesting.
  • #44
  • Sep 24, 2007 1:16pm Sep 24, 2007 1:16pm
On the pdf is wrote that the stochastics must be set at 5,3,3 but on the colour stochastic are set with 14,3,3 , which is correct?
  • #45
  • Sep 24, 2007 1:33pm Sep 24, 2007 1:33pm
Quoting Hakuna
On the pdf is wrote that the stochastics must be set at 5,3,3 but on the colour stochastic are set with 14,3,3 , which is correct?
He answered that on the first page.
You can use either. He prefers 14,3,3.
  • #46
  • Sep 24, 2007 1:56pm Sep 24, 2007 1:56pm
Quoting billbss
He answered that on the first page.
You can use either. He prefers 14,3,3.
Sorry , just read it
  • #47
  • Sep 25, 2007 10:13am Sep 25, 2007 10:13am
It should be possible, should it not, to create an indicator where the job of the coloured bar is

(1) during the [15m] timeframe, to faithfully track the colour of the [4hr] stoch, painting and repainting as necessary; and

(2) at the end of the [15m] timeframe, taking a permanent snapshot of whatever the colour the bar pertaining to the [4hr] stoch was at expiry of that [15m] timeframe. Basically, freezing.

Can anyone tweak the existing indicator to accomplish this or write a new one that achieves this aim?

Cheers

IB

Quoting melpheos
The only way to have it not repainting for sure is to draw the change on the first candle of the next 4h period (as i said before on i-17 for H4, i-5 for H1 etc ) In this case, you can be sure that what you are looking at will not change and the signals can be used for backtesting.
  • #48
  • Sep 25, 2007 10:22am Sep 25, 2007 10:22am
So, if the bar recording the state of the 4hour stoch happens to be maroon at the end of a 15 minute period, then the opening of the new candle causes the maroon colour to be frozen forever, and unresponsive to wherever the 4 hour stoch line may go during the next candle(s).

Obviously this means that the colour bar cannot simply be an bar expression of the stoch line, which will change colour retrospectively. Or at least, only an expression of the stoch line during the relevant 15 minutes, at the end of which it detaches and freezes.

I am not a coder. Just trying to explan the principle. Anyone know what I am taling about who can do this?
  • #49
  • Sep 25, 2007 7:30pm Sep 25, 2007 7:30pm
The other thing: can anyone tweak the coloured bar indicator so that a sound/ email alert goes out after a bar closes a different colour to the preceding bar?*

I am not quite sure what the current alert setup does.

I would really like this indicator, so if anyone out there has the proficiency, please get in touch!!!

Thanks guys.

*Ps I suppose if the indicator repaints, then the alert should cover a repainting event as well as the event mentioned above.
  • #50
  • Sep 26, 2007 4:42am Sep 26, 2007 4:42am
Can someone post the Stochastic Bars indicator. Or lead me to where it is at. Thanks. Jakti24300
  • #51
  • Sep 26, 2007 6:05am Sep 26, 2007 6:05am
Quoting jatki24300
Can someone post the Stochastic Bars indicator. Or lead me to where it is at. Thanks. Jakti24300
Here it is:
Attached File(s)
File Type: mq4 Color Stochastic v1.02.mq4   12 KB | 1,248 downloads
  • #52
  • Sep 26, 2007 7:08am Sep 26, 2007 7:08am
Quoting banzai
Here it is:
Banzai,

Thank you very much for the indicator. I have been using it for a couple of days and I like how it visually helps me with my trades. I have a MTF Stoch with it using 1/5/15/30. I do have one question.....how far back are the bars coded to go back to?

Thank You
Unus pro omnibus, omnes pro uno
  • #53
  • Sep 26, 2007 9:13am Sep 26, 2007 9:13am
http://i43.photobucket.com/albums/e3...y09262007a.gif

To understand more about the Stoch Bars, just put them up side by side. As you can see, it's about the same. H4 is your TREND. In the above example, we have 3 chances to go LONG when %K crosses up %D.
  • #54
  • Sep 26, 2007 10:32am Sep 26, 2007 10:32am
Hi Banzai,
Just to help me understand your long trades.

1/ Why did you not take the stoch cross long between long1 & 2, as long3 did not go OS and that was taken.

2/ What is your trigger to buy when stoch crosses

thanks to all who posted
Terry
  • #55
  • Sep 26, 2007 10:33am Sep 26, 2007 10:33am
Hi Banzai:

First, sorry for my English, I speak spanish.

Thank you for share this great system.

I have a question about take profit leves, How do you mannage this leves with stoch bars strategy?

Thanks again.

legalindo
  • #56
  • Sep 26, 2007 11:16am Sep 26, 2007 11:16am
Quoting legalindo
Hi Banzai:

First, sorry for my English, I speak spanish.

Thank you for share this great system.

I have a question about take profit leves, How do you mannage this leves with stoch bars strategy?

Thanks again.

legalindo
This great system has been developped by Spudfyre not Banzai. But Banzai has made a great indicator for this system
  • #57
  • Sep 26, 2007 11:46am Sep 26, 2007 11:46am
Sorry but I writte about the great indicator, because MTF has been mentioned by Gann, Murphy, Wilder and other, since 1960 aprox

atte

legalindo
  • #58
  • Sep 26, 2007 11:52am Sep 26, 2007 11:52am
Hi, i have been following this thread for some time now and use a set up i am comftable with. Until the issue of the repainting of the stoch was debated.

I use the multi stoch set upof 15/30/1hr/4h on 15 min time frame.Principly trading the 1hr cross of 23.6 for long and 78.6 for short using 4hr trend as confirmation , i use the 15min to refine my entries or get in on the trend or add positions ie in down trend 1h, 4hr the 15min often retraces back to 78.6 before coming down. On top of this i use pivots and fibs as guides to where i am as written in previous threds. All seems to work well. But now i have doubts and maybe i have been lucky. As is self evident the current time frame stoch is fine and i have a 4 hr lagging behind with a proj of the line.
If the 4hr repaints then from what i have read all the backtesting i did prior to trading this system was invalid (am i right) as the 4hr is repainting.
My question is inusing this system and the projection of the 4hr stoch is this still valid to trade from as obviously waiting for the 4hr to finish on 15 min time frame potentially 16 bars would be of little use.

Any help or advice would be appritiated
  • #59
  • Sep 26, 2007 12:25pm Sep 26, 2007 12:25pm
Quoting terryed
Hi Banzai,
Just to help me understand your long trades.

1/ Why did you not take the stoch cross long between long1 & 2, as long3 did not go OS and that was taken.

2/ What is your trigger to buy when stoch crosses

thanks to all who posted
Terry
I think Spudfyre said something like we buy when %K of Stoch (5,3,3) goes from 20 to 23.6. Well, those 3 longs were close to between 20 to 23.6.
  • #60
  • Sep 26, 2007 12:27pm Sep 26, 2007 12:27pm
Quoting legalindo
Hi Banzai:

First, sorry for my English, I speak spanish.

Thank you for share this great system.

I have a question about take profit leves, How do you mannage this leves with stoch bars strategy?

Thanks again.

legalindo
I heard Spudfyre use trailing stops. If you got stop out, use Stoch (5,3,3) to re-enter the trend.
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