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bringin sexy back - stochastics

  • #1,521
  • Dec 12, 2007 3:30am Dec 12, 2007 3:30am
Sorry to bother with an idiotic question, but what does lol stand for?

Thanks,

Lenoxer
  • #1,522
  • Dec 12, 2007 3:31am Dec 12, 2007 3:31am
Anybody go through the Martingale thread of FXTradePro? Anyone managing boxing stochs system that way? If so, why yes and if not, why not?

Thanks,

Lenoxer
  • #1,523
  • Dec 12, 2007 6:17am Dec 12, 2007 6:17am
Quoting Lenoxer
Sorry to bother with an idiotic question, but what does lol stand for?

Thanks,

Lenoxer
Lol means "laughing out loud" (or "lots of laughs"). You can find it in urbandictionary. For example lmao means "laughing my ass off" .
  • #1,524
  • Dec 12, 2007 6:33am Dec 12, 2007 6:33am
  •  jont
  • | Joined Nov 2007 | Status: Catch the fire and catch the wave | 27 Posts
Quoting M.A.C.Doug
Its quiet here because most traders prefer searching and losing - thats what we do best lol
I got that move after a signal was generated on the hourly chart an EUR/JPY and bagged 200 pips exactly
I caught it too. Had just read that day that moonchild will go to sleep on an open bid if all the stochs are lined up. They were (I live in Japan, NY is sleep time), left the bid open on EUR/JPY and GBP/JPY and there were over 400 pips combined (live 100K trade), so all credit to the s_stoch authors and contributors. (By the way, lost half of that today on some bad management trades), it said in one of the Market Wizard books you need to "step back after a good trade as that is when you are most likely to make a mistake".
  • #1,525
  • Dec 12, 2007 6:44am Dec 12, 2007 6:44am
Quoting M.A.C.Doug
Its quiet here because most traders prefer searching and losing - thats what we do best lol
I got that move after a signal was generated on the hourly chart an EUR/JPY and bagged 200 pips exactly
Yep, thats my conclusion, but there is other strategies that are working like the 5 minutes scalping i'm looking from time to time.

The sexystochs is one of the best pull back capture strategy there is out there and i dont really understand why it does not have more success but i dont care if I am winning ^^
  • #1,526
  • Dec 12, 2007 6:45am Dec 12, 2007 6:45am
  •  jont
  • | Joined Nov 2007 | Status: Catch the fire and catch the wave | 27 Posts
Interesting that although the signal was not clear on GJ, it was on EUR/JPY. Due to the tight correlation of the pairs, I used EUR/JPYs signal to enter into GJ as well. Once GJ started falling (freefalling), it was 200pips later that the 5 stoch gave a signal to enter. How about that as an idea melpheos , using strong signals from a correlated pair to enter without a clear signal on the other correlated pair once it starts a breakout?
  • #1,527
  • Edited 7:15am Dec 12, 2007 6:47am | Edited 7:15am
Quoting steven_leo
waiting for this ones....
Hi Steven, i see you use my indicator to pick up signal but i think the settings for the 5 stoch pull back (i use 4.2.2 signal mode in my indicator) are too agressives.

I'm making a guide right now and i will post it later.

Quoting jont
Interesting that although the signal was not clear on GJ, it was on EUR/JPY. Due to the tight correlation of the pairs, I used EUR/JPYs signal to enter into GJ as well. Once GJ started falling (freefalling), it was 200pips later that the 5 stoch gave a signal to enter. How about that as an idea melpheos , using strong signals from a correlated pair to enter without a clear signal on the other correlated pair once it starts a breakout?
Yes i have seen that as well. But sometime it does not work...

As for the signal on GP i had it ^^ on M15 with other settings (each timeframe needs a particular settings and i'm still improving the indicator i'v made )
Attached Image (click to enlarge)
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  • #1,528
  • Dec 12, 2007 6:57am Dec 12, 2007 6:57am
  •  jont
  • | Joined Nov 2007 | Status: Catch the fire and catch the wave | 27 Posts
melpheos, how is your live trading on s_stochs coming along? are you ready to stop work and go full time?
  • #1,529
  • Dec 12, 2007 7:11am Dec 12, 2007 7:11am
Dear Guys,

Any takers on my previous questions about MM using Alexsey's hybrids and/or using FXTradePro's martingale EA on boxing?

Thanks,

Lenoxer
  • #1,530
  • Dec 12, 2007 7:14am Dec 12, 2007 7:14am
[quote=melpheos;1755860]Hi Steven, i see you use my indicator to pick up signal but i think the settings for the 5 stoch pull back (i use 4.2.2 signal mode in my indicator) are too agressives.

I'm making a guide right now and i will post it later.


okay melpheos i will change the setting....looking forward to ur pdf.....

thanks....
  • #1,531
  • Dec 12, 2007 7:16am Dec 12, 2007 7:16am
  •  jont
  • | Joined Nov 2007 | Status: Catch the fire and catch the wave | 27 Posts
Quoting Lenoxer
Dear Guys,

Any takers on my previous questions about MM using Alexsey's hybrids and/or using FXTradePro's martingale EA on boxing?

Thanks,

Lenoxer
Sorry Lenoxer, can you brief us on these...?
  • #1,532
  • Dec 12, 2007 8:00am Dec 12, 2007 8:00am
Quoting jont
melpheos, how is your live trading on s_stochs coming along? are you ready to stop work and go full time?
I'm not ready to go full time yet as i want first to accumulate enough money to be able to trade full time for 2 years in a row without being profitable. I have a 5 digit trading account but i want at least 6 digits to go full time so i can live on hard cash for two years.

I'm trading pretty conservatively so my equity is not growing as fast as i could expect but my day work is not boring so that's fine
  • #1,533
  • Dec 12, 2007 3:35pm Dec 12, 2007 3:35pm
Dear Jont,

Do a search for Aleksey and then for FXTradePro on FF. Read the first few pages of each thread to get the idea. Aleksey trades what he calls hybrids, four pairs of completely unrelated currencies. His idea is that this is the best diversification of all. FXTradePro uses a martingale EA which, crudely put, doubles up on losing, stop-and-reverse trades until a profit is achieved. To apply FXTradePro's EA on Aleksey's hybrids strikes me as a way of knocking down human error, otherwise known as trader risk. Additionally, I've asked my traders to read the following link: http://www.newyorker.com/reporting/2..._fact_gawande/

This is an article about the use of checklists. The success statistics quoted in the article are impressive. Why can't a good checklist be made and used for traders as well?

Hope this helps. Look forward to yours and others' responses.

Lenoxer
  • #1,534
  • Dec 12, 2007 6:34pm Dec 12, 2007 6:34pm
  •  jont
  • | Joined Nov 2007 | Status: Catch the fire and catch the wave | 27 Posts
Quoting Lenoxer
Dear Jont,

Do a search for Aleksey and then for FXTradePro on FF. Read the first few pages of each thread to get the idea. Aleksey trades what he calls hybrids, four pairs of completely unrelated currencies. His idea is that this is the best diversification of all. FXTradePro uses a martingale EA which, crudely put, doubles up on losing, stop-and-reverse trades until a profit is achieved. To apply FXTradePro's EA on Aleksey's hybrids strikes me as a way of knocking down human error, otherwise known as trader risk. Additionally, I've asked my traders to read the following link: http://www.newyorker.com/reporting/2..._fact_gawande/

This is an article about the use of checklists. The success statistics quoted in the article are impressive. Why can't a good checklist be made and used for traders as well?

Hope this helps. Look forward to yours and others' responses.

Lenoxer
I totally agree about the diversification factor with the pairs. The famous Turtle rules included no more than 3 out of 12 possible trades in anything (not just Forex), of correlation, or was it 2? I will have a look, it sounds interesting.
  • #1,535
  • Edited 3:36am Dec 13, 2007 1:10am | Edited 3:36am
Quoting Lenoxer
Dear Guys,

Any takers on my previous questions about MM using Alexsey's hybrids and/or using FXTradePro's martingale EA
I think martingale is for people who cant handle taking a loss. The problem with it is you cannot guarantee a losing streak of 10 or more consequtive trades will not occur. by that time your account is gone. You have to start with such a small risk to allow for a losing streak that the reward becomes not worth while and each trade is actually risking your entire account balance on a bet that that you wont have a run of losers. One day you will lose that bet.
as for aleksey, check my post no 39 on his thread for where I am currently at with that guy
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  • #1,536
  • Edited 9:01am Dec 13, 2007 3:10am | Edited 9:01am
My indicator with higher filtering (ma 30 for each signal)
This is the version i still have at work, the version at home is a bit different (i have to find time to work on it)
Attached Image (click to enlarge)
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  • #1,537
  • Dec 13, 2007 8:48am Dec 13, 2007 8:48am
PA of late tells me trading is over for the year - its ugly out there

Merry Christmas everyone. have a nice break, forget the market and go spend some quality time with friends and family. Its been a great year at FF for me. Ive learned alot from all of you so Ill see you all again next year
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  • #1,538
  • Dec 13, 2007 9:27am Dec 13, 2007 9:27am
Hi,

Today it was buy signal on 15 min USD/JPY pair. I did not take this trade because on 60 min chart the Stochs were signalling on going south, so my plan was to wait until the pair goes upward and sell it on the stochs crossover. I missed the potentially profitable trade. The pair is still trading above while the Stochs on 60 min. chart seems like going down (?) My question is how to make decision on buy\sell taking into account higher TF without missing good trades like today? Pics are attached.

Thanks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: JPY15.gif Size: 122 KB
Click to Enlarge Name: JPY1.gif Size: 126 KB
  • #1,539
  • Dec 13, 2007 2:41pm Dec 13, 2007 2:41pm
Dear Maacavity,

The simple answer is: don't trade if there is conflict between timeframes. The beautiful thing about Forex is that if this trade doesn't look good, there will be another one soon that will. As boxing once pointed out (and where is that guy, anyway?), why take less than perfect trades? The more complicated answer is: take the setup if it looks good enough (beautifully sloping longer term stochs with a good deep retracement on the 5-3-3), and be cognizant of the upper TFs to the degree that you need to be nimble with your risk control. Good luck.

Lenoxer
  • #1,540
  • Dec 13, 2007 3:37pm Dec 13, 2007 3:37pm
Try my settings and see if you like them better

4.2.2 smoothed
20.2.10 smoothed
50.2.10 smoothed

Do not put color on the main line and use only the signal line.
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