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bringin sexy back - stochastics

  • #1,721
  • Apr 3, 2008 11:36pm Apr 3, 2008 11:36pm
It's a calendar (indicator) I got from this thread I think or another one. Just put it in your metatrader\experts\indicators folder.
Attached File(s)
File Type: mq4 FFCal_v05a.mq4   44 KB | 551 downloads
  • #1,722
  • Apr 4, 2008 12:21am Apr 4, 2008 12:21am
how do you set your stop loss or just help me with stop losses
is there a specific placee to set it at, mean like the low of of one candle when buying or vice- versa.
i guess you understand what am starving of??
thanks
Quoting melpheos
And one more running +90 pips atm

And i made +142 pips and the cable

This is a crazy day today

What's more i have a +60 pips running on $Yen...

I will make a count tonight... Damn i wish this was on real account
  • #1,723
  • Apr 4, 2008 2:32am Apr 4, 2008 2:32am
yes jd i am psychic
lol
good to see ur learning. im happy that u guys are keeping this thread alive
  • #1,724
  • Apr 4, 2008 3:03am Apr 4, 2008 3:03am
yes JD, that's it. But I always have four time-frames open at the same time, (15min, 1 hour, 4 hour and Daily) so I can always see the correspondence between them.

One of the things I learned from Skunny's thread is to decide a set-up and then learn how it relates to the market. There's no ideal set-up, just a steady building of a relationship with the indicators you have chosen.

I've got so used to looking at smaller times frames (5min and below) that sometimes I look at a move and think "nah, I won't take that, it's only got a few pips before the next stop". On the four hour chart that can be over 100 pips easily.

Still refining my use of this, but it's sooooooooooo promising if I stop chasing all the crappy entries I used to take.

Thanks Boxing for making trading much more relaxing and enjoyable. (and profitable !!!!!!!!!!)

Happy trading to all.

El Choco
  • #1,725
  • Apr 4, 2008 3:33am Apr 4, 2008 3:33am
ur welcome elchoco

are u having good returns?
  • #1,726
  • Apr 4, 2008 4:14am Apr 4, 2008 4:14am
Hi Boxing,

Take your point on tradingrooms. How do we set up a day and mode of communication. Is that using msn or skype chat, or another means. I'm based in the UK.

Thanks a great deal. Means a load to me and to others I'm sure.

Regards

Pardy
  • #1,727
  • Apr 4, 2008 5:04am Apr 4, 2008 5:04am
Boxinislife: Yes, taken about 30-40 pips a day for the last week or so, missed an entry yesterday because some other guy was on my PC, and today is NFP so will wait to see what happens. Far more importantly, I haven't had a loss since early last week.

I just read "Trade in the Zone" and so have committed myself to taking only the best set ups for my 20 next trades to see where it leaves me. I had no problem making a profit, just keeping it!

Taking only the best trades is advice I've heard you give over and over again on this thread. This system is easy, but I had lots of bad habits to let go of.

I only look at EUR-USD so I get about 1 good set-up a day. I just leave my charts open while I'm at work so that's fine. I haven't got time to keep scanning through the currencies looking for other set-ups. All in all it's a lot more peaceful that way. Also, moved up to higher time frames which helps a lot.

Now need to work on Exits. Sometimes I'm leaving a lot of money on the table. Still getting used to the rhythm of the longer time frames. Sometimes the price can retrace a long way, but if I take profit, there's often no well defined entry to get back in.
  • #1,728
  • Apr 4, 2008 5:34am Apr 4, 2008 5:34am
Quoting Pardy
Hi Boxing,

Take your point on tradingrooms. How do we set up a day and mode of communication. Is that using msn or skype chat, or another means. I'm based in the UK.

Thanks a great deal. Means a load to me and to others I'm sure.

Regards

Pardy
msn works. im in beirut so im like 2 hours ahead of u i think.
next wednesday im free. i know jdcompute wants next friday so next ill ask codebreaker and elchoco if either of em would like wednesday.

and pardy will go from there on setting a date or if u would like a specific date in the future then thats fine too.
  • #1,729
  • Apr 4, 2008 6:15am Apr 4, 2008 6:15am
I'm still working on identifying the perfect set-up I guess. Glad to see you're making $$! Would you guys take the trade off the 30m?
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  • #1,730
  • Apr 4, 2008 6:18am Apr 4, 2008 6:18am
And this setup off the 1hr..
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  • #1,731
  • Edited 7:01am Apr 4, 2008 6:46am | Edited 7:01am
...then it's probably not an A-Trade. I know Melpheos was into squeezing every pip out of more marginal trades, but for me it just didn't translate into end-of-the-week profits. Also it increased the stress factor.

Almost every one of boxinglife's screen shots look like the one i'm going to post. Believe me, I'm all for getting profits (that's why we're here right??), but, as another poster said to me, if the signal's not clear then don't take the risk.

I just look for this set-up everytime. Anything else I just let go.

If there's any substantial move in the market, chances are it'll show up as this pattern on ONE of the time frames.

BTW, I'm using MACDOug's "trend-line" entry method. This really helped give me a definite entry for the sexy stoch system. Before, I never knew when to enter. Trend line break with a good reversal on the stoch's on the next lower time frame and I'm in.
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  • #1,732
  • Apr 4, 2008 6:58am Apr 4, 2008 6:58am
Yeah, you're right. I guess I feel the need to trade all the time so I'm trying to make the trades happen instead of letting them come to me.
  • #1,733
  • Apr 4, 2008 7:10am Apr 4, 2008 7:10am
Quoting elchoco
...then it's probably not an A-Trade. I know Melpheos was into squeezing every pip out of more marginal trades, but for me it just didn't translate into end-of-the-week profits. Also it increased the stress factor.

Almost every one of boxinglife's screen shots look like the one i'm going to post. Believe me, I'm all for getting profits (that's why we're here right??), but, as another poster said to me, if the signal's not clear then don't take the risk.

I just look for this set-up everytime. Anything else I just let go.

If there's any substantial move in the market, chances are it'll show up as this pattern on ONE of the time frames.

BTW, I'm using MACDOug's "trend-line" entry method. This really helped give me a definite entry for the sexy stoch system. Before, I never knew when to enter. Trend line break with a good reversal on the stoch's on the next lower time frame and I'm in.
What pair/trade are you focusing on for this morning?
  • #1,734
  • Apr 4, 2008 7:19am Apr 4, 2008 7:19am
Hi BoxingLife, ElChoco and JD,

A little background, so you know better where I am coming from...

I am principally a mathematician and physicist and so have spent 20 years working with MatLab - the industry standard maths modelling and graphics package. I have long had an interest in digital filters for the markets and have used these to trade futures in the past. But I am brand new to FX. I have my own thread Optimised Trend Trading if you want to see some of the stuff we have done there.

Although I have developed some excellent filters, there was always a missing piece of the jigsaw. The critical information is WHEN/WHEN NOT to trade. The stochs theory I have learned here has just about filled that gap and I am grateful for the generosity and enthusiasm of the good folk on this thread.

I am currently doing some quite advanced modelling of the stochs theory in MatLab, especially looking at frequency and phase responses to optimise the lag times. When Boxing first put up his theory, we were using (50,10,20) and (20,10,0) and (5,3,3) and plotting %K.

Then Melpheos modified this to use (50,2,10) and (20,2,10) and (4,2,2) and plotting %D. This gave an extra bars advance.

I am trying to get a decent analytic theory of how plotting different stochs on one timeframe corresponds to plotting the same stochs on different timeframes. This, I think, is the key to optimising the system but it is not easy because the stoch is a non-linear filter and requires some heavy math. I hope to report results in due course for the benefit of all.

Please can you help me fill in a few gaps here. I have only been with this thread a week (and have only had MetaTrader for 9 days). I am currently learning about the FX markets and learning MT4 and its MQ language at the same time.

I have read:

(a) BoxingLife's original "Sexy Stochastics" PDF
(b) Melpheos' STOCHV PDF
(c) Spud's Elevator 2 Pips PDF
(d) Spud's Stochastic Thread Theory PDF
(e) Quite a bit of this thread.

But I am most interested in some of the trades posted by ElChoco and JD. I am not taking (or even recognising) these trade signals, so clearly I have only part of the story. I started by using 4 different timeframe charts as suggested by Spud with the same stochastic on each (5,3,3) I think it was. Then I moved on to the BoxingLife system which I found much better. Now I have set Melpheos' settings and this seems better still. I am using Boxing's trade rules and have looked at the source code of Melpheos' V Indicator so see his rules in detail.

Please could you advise me if I have missed any of the critical reading material? Even better still, has anyone produced a synthesis summary of the various trading rules to date, so I can check my understanding?

Many thanks

CB.
  • #1,735
  • Apr 4, 2008 7:20am Apr 4, 2008 7:20am
A few weeks ago I was in a right mess with the trading, chasing every trade, seeing moves in other currencies too late, always changing between screens. In short, an unsustainable methodology.

In an effort to make my life more pleasant, I now only ever look at EUR-USD. I know there are moves on other currencies that I'm missing, but I can live with that. Before, I missed the moves on EVERY currency because I was always hopping about.

Also, I only trade longer time frames. Ahhh, I can step out for a coffee without having a seizure on the way if they don't serve me quick enough.

As for today? Well, I'll be watching NFP in a few minutes. There's normally a sustained reaction, especially n EUR USD. But, I'll only enter if I see a sexy-stoch entry pattern. If not, then I'm on the sidelines as (IMHO) the RISK OF FAILURE IS TOO GREAT.

In fact, I'm probably not going to enter at all as I have a blind date with a morrocan/spanish professor of dance so will be leaving the office early....
  • #1,736
  • Apr 4, 2008 7:51am Apr 4, 2008 7:51am
Longer tf's like the hourly instead of the 15m? I would love to trade the hourly but those drawdowns get me.
  • #1,737
  • Apr 4, 2008 7:51am Apr 4, 2008 7:51am
what are you refering to when you say the stochs are neutral
in what level will they be or what exactly will they be doing before you consider it neutral.
pls i wont mind the explation to go with chart.
thanks for your time of answering me.
Quoting moonchild
I agree with your filter.

The 20 is above the 50 and both are basically heading up. Under these circumstances the 5 is not reliable to trade. While you can trade an isolated 5 (direction not in agreement with 20 and 50) on 1M and 5M charts, it is not a good idea to do this on the longer time frames. At present, I do not see a signal to trade, particularly when I look at the other time frames, most of which are neutral.
  • #1,738
  • Apr 4, 2008 7:56am Apr 4, 2008 7:56am
Looks like you've got the main reading material covered there.

I'm not sure if there's a "definitive" method. As far as I can tell a lot of people follow the rules as on page 1, others have fiddled with the settings to suit their own trading style.

You might want to check also a number of threads using MTF stochs:

http://www.forexfactory.com/showthread.php?t=52125

http://www.forexfactory.com/showthread.php?t=50502

And others...

Happy stoch-ing!!
  • #1,739
  • Apr 4, 2008 8:05am Apr 4, 2008 8:05am
Yes, there are draw downs on the 1Hour, but what (IMHO) it shows are much higher probability set-ups. Even if you only get 50 pips out of the trade, the set-ups are more likely to move in your favour.

I still TP at the next major stop-point, even on the 1Hour. As I said a few posts back, it often then retraces and then goes back in my favour without a good entry point. How does anyone know whether to stay in??? That's the milion dollar question.

Right, i'm off for my blind date.

Cheeeeers.
  • #1,740
  • Apr 4, 2008 8:08am Apr 4, 2008 8:08am
pls help with a charrt so that i can really understand
then your stoch settings are different .is ther eany reason for this
Quoting elchoco
Boxinislife: Yes, taken about 30-40 pips a day for the last week or so, missed an entry yesterday because some other guy was on my PC, and today is NFP so will wait to see what happens. Far more importantly, I haven't had a loss since early last week.

I just read "Trade in the Zone" and so have committed myself to taking only the best set ups for my 20 next trades to see where it leaves me. I had no problem making a profit, just keeping it!

Taking only the best trades is advice I've heard you give over and over again on this thread. This system is easy, but I had lots of bad habits to let go of.

I only look at EUR-USD so I get about 1 good set-up a day. I just leave my charts open while I'm at work so that's fine. I haven't got time to keep scanning through the currencies looking for other set-ups. All in all it's a lot more peaceful that way. Also, moved up to higher time frames which helps a lot.

Now need to work on Exits. Sometimes I'm leaving a lot of money on the table. Still getting used to the rhythm of the longer time frames. Sometimes the price can retrace a long way, but if I take profit, there's often no well defined entry to get back in.
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