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Daily Stochastic Oscillator System

  • #41
  • Jan 22, 2008 9:49am Jan 22, 2008 9:49am
Quoting dro
Paris,

I tried this morning at the opening of the US time, which is 1500 on my charts. Set t/p at 100 pips and it was reached before I could get ready to go to work. I have not tried the london open, it would mean me getting up at 3 a.m. just not something I am real interested in doing right now. I think this is a good system for someone that has a day job.

Thanks,
dro
You have to make sure your charts from your broker are on gmt time to trade that time. I know fxdd and north finance are gmt+2 so you would need to trade at 0900 and 1300 with these brokers. Interbankfx and Velocityfx are on gmt. 1100 and 1500.
My first trade at 0900 hit break even so no profit on that one. My next trade at 1300 I hit take profit for +130 pips profit. This was using the EA and it worked very well and just perfect. I'll do some more backtesting of this system today. Yes it's a good system if you have a day job even if you're manually trading it but you probably won't be able to move the stop to break even unless you're watching the charts. I'm demo trading with the EA and it's doing well. The FED lowered interst rates 3/4 of a point today so the dollar and yen are weakening alot. Paris
  • #42
  • Jan 22, 2008 12:14pm Jan 22, 2008 12:14pm
Hi I download the EA and put them in indicator folder of UGM mt4. I did attach them to the chart but i don't see any thing. I have stochastic oscillator setup 7 3 3. can u help
  • #43
  • Jan 22, 2008 12:53pm Jan 22, 2008 12:53pm
EAs go in the "expert" folder.
  • #44
  • Jan 22, 2008 1:37pm Jan 22, 2008 1:37pm
Quoting Ronald Raygun
EAs go in the "expert" folder.
How are you doing with this system Ronnie? Any testing? I put the stochastic oscillator on the chart 7,3,3 and the EA's been working fine since. Thanks again, Paris
  • #45
  • Jan 22, 2008 1:59pm Jan 22, 2008 1:59pm
Quoting trendchaser
my 2 cents on the solar winds indy

if you never switch tf or anything to re initialize the indy it dont repaint
The SolarWind (or properly known as Fisher Tranform) commonly going rounds is a repainter. The whole idea of Fisher Transform is for smoothing (with supposedly less delay than other indicators). someone coded it wrongly to use future bars for that smothing, instead of past bars. If you want to use without re-initializing, you are basically not using Fisher Transform (still there will be small repainting bby upto 2 bars, because of the way MT4 works). If you dont use that smoothing effect, you can as well use Stochoistics crossing 50 level, both calculations become nearly same in that case!.

The first link below has the repainter and the second link has non-repainter (both with alerts: pop-up, text-signal, email, sound):
http://www.forexfactory.com/showpost...8&postcount=10
http://www.forexfactory.com/showpost...3&postcount=15

I have worked/wasted quite sometime on this codes, actually the one called Fisher/Fish (but both codes are same, SolarWind is just a fancy name for the same wrong version). You can read more about it in my old post:
http://www.forexfactory.com/showpost...&postcount=555

I just hope nobody wastes too much time on this.

Regards,
chandra
  • #46
  • Jan 22, 2008 2:29pm Jan 22, 2008 2:29pm
Quoting Paris Hilton
How are you doing with this system Ronnie? Any testing? I put the stochastic oscillator on the chart 7,3,3 and the EA's been working fine since. Thanks again, Paris
My trading computer crashed, but in the limited testing I could do on my backup computer, it doesn't open trades every day.
  • #47
  • Jan 22, 2008 2:43pm Jan 22, 2008 2:43pm
Quoting nealc99
results are:

PHP Code
 ==London===     =====USA=====
          v1.0   v1.2      v1.0    v1.2
          ==Settings=     ===Settings==
StopLoss      70    70        60      75
Stop2BE      n/a    70       n/a      90
TakeProfit   140   140       130     130
TrailStop    n/a   110       n/a      70
          ==Results==     ===Results===
Aug        8961   8961     10691    7319
Sep        8279   6963      1490    3172
Oct        3292   3912      5505    4599
Nov         -53   1872      1268    4183
Dec        1317   3222       911    2714
 
TOTAL     24933  33203     19062   20264
Attached below are the LONDON and USA performance charts for GBP/JPY for 8/1/2007 through 12/31/2007 (as well as the EA itself):
I am wondering about TOTALs . could you please explain how are the sum of 8961+8279+3292-53+1317 = 24933 !! and ....?
maybe I am wrong !
  • #48
  • Jan 22, 2008 3:04pm Jan 22, 2008 3:04pm
Has anyone looked at trading this on the tokyo session? Might have to use different t/p, s/l etc. But just wondering. I will try it on demo.
  • #49
  • Jan 22, 2008 3:11pm Jan 22, 2008 3:11pm
Quoting neshat
I am wondering about TOTALs . could you please explain how are the sum of 8961+8279+3292-53+1317 = 24933 !! and ....?
maybe I am wrong !

The numbers in the v.2 new york column don't add up either. It would be more but my back testing doesn't show this kind of success. The 3.5 months I've back tested so far have all been very profitable though. Paris
  • #50
  • Jan 22, 2008 8:33pm Jan 22, 2008 8:33pm
wait so what are the correct times to trade this method in GMT, 0900 1300, or what the times seems conflicting

jms
  • #51
  • Jan 22, 2008 10:37pm Jan 22, 2008 10:37pm
Quoting geneticsjms
wait so what are the correct times to trade this method in GMT, 0900 1300, or what the times seems conflicting

jms

If your charts are at exactly gmt then it would be 1100 and 1500.
If the charts are at gmt+2 such as fxdd or north finance then it would be 0900 and 1300. Paris
  • #52
  • Jan 23, 2008 12:18am Jan 23, 2008 12:18am
ahh so its not the london and newyork open. thats where i was confused. because london opens at 800gmt, and newyork at 1300gmt. he states those times at the beginning of this thread 0900gmt and 1300 gmt
  • #53
  • Jan 23, 2008 12:48am Jan 23, 2008 12:48am
Quoting Paris Hilton
If your charts are at exactly gmt then it would be 1100 and 1500.
If the charts are at gmt+2 such as fxdd or north finance then it would be 0900 and 1300. Paris
May you please show yesterday chart and mark candels that we should entered to the position at the begining of them.
  • #54
  • Jan 23, 2008 8:19am Jan 23, 2008 8:19am
Today the EA didn't take any trades however I did back test it and it would have the 0900 stopping out and the 1300 trade taking profit. I don't really understand why the EA didn't trade last night. Perhaps it needs more fine tuning. Paris
  • #55
  • Jan 23, 2008 8:26am Jan 23, 2008 8:26am
Quoting Paris Hilton
Today the EA didn't take any trades however I did back test it and it would have the 0900 stopping out and the 1300 trade taking profit. I don't really understand why the EA didn't trade last night. Perhaps it needs more fine tuning. Paris
You'll find that FORWARD trading acts slightly different than BACKTESTING so that something that may have picked up due to a fully formed candle (backtesting) may not trigger with a candle & indicators that are being updated every tick (vs every 1M or 5M).
  • #56
  • Jan 23, 2008 8:53am Jan 23, 2008 8:53am
Quoting nealc99
You'll find that FORWARD trading acts slightly different than BACKTESTING so that something that may have picked up due to a fully formed candle (backtesting) may not trigger with a candle & indicators that are being updated every tick (vs every 1M or 5M).
Well I can say that the trades that the EA is taking have been profitable most of the time. I had one loss , one break even, a traling stop and a few winners taking profit. So far it's profitable. How's everyone else doing? I think a real test would be to back test the EA for the years 2004 and 2005 when the GBP/JPY was ranging alot. That would be a fair test. Thanks, Paris
  • #57
  • Jan 24, 2008 6:36am Jan 24, 2008 6:36am
I think this system works well and I have no idea why it's not getting more attention here. Most other systems here on FF seem to fail in the long run. Last night The EA triggered both 0900 trade and1300 trade. 0900 stopped out. The 1300 the EA set the trade without a take profit again!!! Anyway I had to close it manually and it did make +130 pips. So it was a profitable day again except the EA failed to set the TP. Paris
  • #58
  • Jan 24, 2008 7:29am Jan 24, 2008 7:29am
Quoting Paris Hilton
I think this system works well and I have no idea why it's not getting more attention here. Most other systems here on FF seem to fail in the long run. Last night The EA triggered both 0900 trade and1300 trade. 0900 stopped out. The 1300 the EA set the trade without a take profit again!!! Anyway I had to close it manually and it did make +130 pips. So it was a profitable day again except the EA failed to set the TP. Paris
Not 100% sure of your situation but I know if the Trailing Stop kicks in it will remove the Take Profit figure.
  • #59
  • Jan 24, 2008 7:59am Jan 24, 2008 7:59am
Quoting Paris Hilton
If your charts are at exactly gmt then it would be 1100 and 1500.
If the charts are at gmt+2 such as fxdd or north finance then it would be 0900 and 1300. Paris
It's just the opposite.

If your charts are exactly GMT it's 0900 and 1300.

If you are offset by +2 it will be 1100 and 1500.
  • #60
  • Jan 24, 2008 10:34am Jan 24, 2008 10:34am
Quoting billbss
It's just the opposite.

If your charts are exactly GMT it's 0900 and 1300.

If you are offset by +2 it will be 1100 and 1500.
oops!!!!!! Sorry about that I had a blonde moment. I re-read the posts here on the first page of this thread. Now I'll have to start my testing again. No wonder I'm getting different figures. Sorry! Paris
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