Need an alert indicator for a great system! | Forex Factory

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Need an alert indicator for a great system!

  • #1
  • First Post: May 5, 2007 10:24am May 5, 2007 10:24am
I use a couple of mtf stochs (setting at 5min{5.3.3}, 30min{5.3.3}, 1hr{5.3.3} and 1hr{14.3.3}) on the 5min tf. When all the signals aligned(30min and the two 1hr stochs) u pull the trigger when the 5min stoch cross!!!

The result is truly AMAZING!!! test it out and see for urself guys!!http://forexfactory.com/images/smilies/biggrin.gif

by using 5min stoch cross to enter, that means u enter at the tip of a trend, the stoploss u need is extremely small (5-8pips). And the probability of the market going your way is EXTREMELY HIGH!!!

It would be great if we could hav an alert when the 30,1h and (14.3.3) 1h Stoch align, then we just wait for the 5 to cross to enter http://forexfactory.com/images/smilies/smile.gif
I would like to request any of the kind people who know programming to help program a signal alert indicator using the above setting... Your help is truly truly! appreciated!! http://forexfactory.com/images/smilies/notworthy.gif

Thanks and take care!

David
  • #2
  • May 5, 2007 11:19am May 5, 2007 11:19am
Quoting ljyljl5555
I use a couple of mtf stochs (setting at 5min{5.3.3}, 30min{5.3.3}, 1hr{5.3.3} and 1hr{14.3.3}) on the 5min tf. When all the signals aligned(30min and the two 1hr stochs) u pull the trigger when the 5min stoch cross!!!

The result is truly AMAZING!!! test it out and see for urself guys!!

by using 5min stoch cross to enter, that means u enter at the tip of a trend, the stoploss u need is extremely small (5-8pips). And the probability of the market going your way is EXTREMELY HIGH!!!

It would be great if we could hav an alert when the 30,1h and (14.3.3) 1h Stoch align, then we just wait for the 5 to cross to enter
I would like to request any of the kind people who know programming to help program a signal alert indicator using the above setting... Your help is truly truly! appreciated!!

Thanks and take care!

David
This sounds like an offshoot from the original TEB System. Is it? What are your results from trading this way? (Total pips, total equity increase, total time trading this method, etc)
  • #3
  • Dec 13, 2007 4:18pm Dec 13, 2007 4:18pm
What are mtf stochs? Are you talking about the StochHistogram Indicator?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #4
  • Apr 8, 2008 6:35am Apr 8, 2008 6:35am
Hi,

Can you tell, what do you mean by align? Should they just be pointed up? Or be all overbought/oversold? Or may be something else?

Wookey
Wookey
  • #5
  • Apr 8, 2008 6:53am Apr 8, 2008 6:53am
As you can see by the several notes on this one, many are interested, myself included, but are unable to decypher the abbreviations and conditions left unsaid. How about restating this in English. There are many people reading this forum for which English is the 2nd (or even more remote) language.

English is certainly my mother tongue, however I am just as confused by this as others who are certainly more handicapped in our language.

And pending the hoped for availability of an EA to trade this strategy, I want to try this manually, but cannot do so with the minimum information so far. I've long used stochastics as my one off-chart indicator, along with Bollinger Bands on-chart, and find this combination to be the best I know. So hopefully this new (to me) strategy will be an improvement.

Charles Wilkes, San Jose, Calif.


Quoting ljyljl5555
I use a couple of mtf stochs (setting at 5min{5.3.3}, 30min{5.3.3}, 1hr{5.3.3} and 1hr{14.3.3}) on the 5min tf. When all the signals aligned(30min and the two 1hr stochs) u pull the trigger when the 5min stoch cross!!!

The result is truly AMAZING!!! test it out and see for urself guys!!http://forexfactory.com/images/smilies/biggrin.gif

by using 5min stoch cross to enter, that means u enter at the tip of a trend, the stoploss u need is extremely small (5-8pips). And the probability of the market going your way is EXTREMELY HIGH!!!

It would be great if we could hav an alert when the 30,1h and (14.3.3) 1h Stoch align, then we just wait for the 5 to cross to enter http://forexfactory.com/images/smilies/smile.gif
I would like to request any of the kind people who know programming to help program a signal alert indicator using the above setting... Your help is truly truly! appreciated!! http://forexfactory.com/images/smilies/notworthy.gif

Thanks and take care!

David
  • #6
  • Apr 8, 2008 1:46pm Apr 8, 2008 1:46pm
I have written an EA based on David's strategy and have named this "4Stochs". Since there is no exit strategy, you have to put in the TP and SL values manually.

The entry rules are based on the 4 Stochastic indicators mentioned in the first post.

This is still a conceptual, but workable, version 0.1

Regards,

Azmel.
Attached File(s)
File Type: mq4 4Stochs v0.1.mq4   3 KB | 687 downloads
  • #7
  • Apr 8, 2008 10:29pm Apr 8, 2008 10:29pm
Hi,

What take profit and stop loss amounts are you using?

Jeff

Quoting ljyljl5555
I use a couple of mtf stochs (setting at 5min{5.3.3}, 30min{5.3.3}, 1hr{5.3.3} and 1hr{14.3.3}) on the 5min tf. When all the signals aligned(30min and the two 1hr stochs) u pull the trigger when the 5min stoch cross!!!

The result is truly AMAZING!!! test it out and see for urself guys!!http://forexfactory.com/images/smilies/biggrin.gif

by using 5min stoch cross to enter, that means u enter at the tip of a trend, the stoploss u need is extremely small (5-8pips). And the probability of the market going your way is EXTREMELY HIGH!!!

It would be great if we could hav an alert when the 30,1h and (14.3.3) 1h Stoch align, then we just wait for the 5 to cross to enter http://forexfactory.com/images/smilies/smile.gif
I would like to request any of the kind people who know programming to help program a signal alert indicator using the above setting... Your help is truly truly! appreciated!! http://forexfactory.com/images/smilies/notworthy.gif

Thanks and take care!

David
  • #8
  • Apr 9, 2008 1:57am Apr 9, 2008 1:57am
Quoting ljyljl5555

the probability of the market going your way is EXTREMELY HIGH!!!
You need to more more specific, and give us winning percentage over a given time window.
  • #9
  • Apr 10, 2008 12:29am Apr 10, 2008 12:29am
What this system lacks is an exit strategy.

I do not have a reliable backtester platform (somehow never managed to successfully set one up for some strange reason).

Could someone volunteer to do an optimisation on this EA to find what is the best values for TP and SL for all pairs?

Thanks and regards,

Azmel.
  • #10
  • Apr 10, 2008 1:51am Apr 10, 2008 1:51am
Quoting Azmel
I have written an EA based on David's strategy and have named this "4Stochs". Since there is no exit strategy, you have to put in the TP and SL values manually.

The entry rules are based on the 4 Stochastic indicators mentioned in the first post.

This is still a conceptual, but workable, version 0.1

Regards,

Azmel.
Hi Azmel,

I tried to test this EA you kindly posted but it entered multiple orders when the conditions were met for entry.

It may need some updating to count any open trades and not enter if there are any currently open.

G-Man
  • #11
  • Apr 10, 2008 1:56am Apr 10, 2008 1:56am
As regards the actual system, it seems to be a spin off from either TEB's, as posted previously, or from Spudfyre's MTF stochs concept.

I expect that there would be some success with this, but the key to all strategies that involve any kind of crossover is whether you are looking at the current bar or the previously closed bar.

This is especially important on the higher timeframes, as retracements in the trend could alter the 'cross' during the current bar, but return to the trend by the time the bar closes, thereby negating the likelyhood of a valid trade.

This can also have a dramtic effect when you are looking back historically.

If this claims of >90% success rate are to be believed, then this needs to be clarified.

HTH,

G-Man
  • #12
  • Last Post: Sep 22, 2010 7:13am Sep 22, 2010 7:13am
I have to say congrats for the EA to the creator but it has some flaws of managing trades, it opens trades everytime the indicator lines flap over each other , it would be a great EA also if it has some sort of order management and money management option to trade exponentialy relative to the accound size
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