bringin sexy back - stochastics

hi

I've spent the last few days going through this entire thread, copying and pasting all the examples, questions and answers. I'm visiting my parents so i can't really study it too much right now. It'll be interesting reading while travelling tomorrow. Of course i would have preferred if you all used white background charts to save on all the ink should i decide to print this!!!!!:

I want to thank you all for the wonderful method, especially boxing, and all your generosity in posting your examples and answering each other. This really is a great method and great community.

I can't wait to get home and get some charts set up and get started.
Hope you are all having a great weekend.

Has anyone been ambitious enough to consider writing EA for this

it looks good but is it possible to make it enough mechanical to work as Expert Advisor?

pipette4x glad u like it and if u have any questions please feel free to ask

ahil

im really not a big fan of expert advisors for alot of reason. i dont believe in making money while doing nothing unless ive worked and done somethin for 30-40 years and im retiring and making money off some investment or something

this system has alot of discretion involved. the more ur successful at it the more you filter out the average/good trades from the perfect trades even if they bring alot of pips. a expert advisor can trade according to parameters but doesnt have and would never have the logic that humans have after experience.

another thing is timeframes. while there can be a great trade on the 1h, a quick signal on the 15 min against the 1h that is enough to trigger a trade would lose some hard earned pips. also u cant just put it on 1h coz then ull be missing alot of trades on the 15 min and even the 5 min

i personally cannot come home to the fact that for example my expert advisor lost money today while i could have made money or the target was missed by 1 pip then the stop was hit or whatever the case is. u can blame it all u want but in the end its like using a signal service. its ur fault for trusting it while u could have traded it urself and made money.

i can list a few more reasons but all im saying is im not a fan of expert advisors nor would i support them on my thread. no hard feelings just the way i like to do things

learn to trade the system and ull get to a point where ull enjoy trading

Boxingislife,

Have a quick Q for you,

What stop loss do you use for the 5min, 15min and 1H if trading the GBP?

T.

boxing

no hard feelings at all, just I dont know what is your situation but mine is that when I am at work and that is standard 8:30-16:30 or 17 I cant trade with metatrader because of firewall

so that leaves me time after 17:30 when I get home and by that I show some signs of fatigue and all the main pairs are done for the day
so EA is something that would work for me, of course if it is applied in good system

After looking at this system I believe that it is good but it wouldnt be an easy task to programm EA that would catch most of good trades because just as you said there are more things than just stochastic

anyway nice system and have a good trading day

My €/$ paid out 76 pips wih two positions opened

And The AUD$ pointed by Moonchild also paid out 40 pips... (1 lot)

I only have one losing position -20 pips on EUR/CHF (2 lots)

One more good day

/me feel the urge to open a live account but will resist to the dark force...

I dont see any opportunity right now, any stoch 20 are close to each other or not in a good shape so i'll wait a few hours before watching the market...

tzachi

it depends on the average daily range of each pair and the timeframe u use. for example gbpusd i use 20 pips for a stop but it really depends on alot. so my best advice is to experiment and do some visual backtesting to see where ur stop would be safe

ahil
i understand and if u can program it then ill help u with the settings and parameters and time frames and all that

but in my opinion a better suggestion is trading 1h and 4h timeframes. a quick scan of the charts after u get home lets say 5-6 pairs ull prob find a trade everyday.
whatever session is open when u get home say hte japanese well look into jpy pairs like gbpjpy and usdjpy and maybe eurjpy look for trades on the 1h and 4h. if nothing on there then look for trades during the aussie session im not sure if it comes before the japanese session or not but u get the idea. check the 1h and 4h then if u want plot an atr or bollinger bands to see if theres gonna be some action coming up.
before u head to work check for opportunities on the 15 min and 1h on the majors.
this is all asuming ur EST but if ur a different time then just do the same but watch the pairs that are related to the sessions open when u can look at the charts

Australian session is first

thanks boxing

I'll try to demo some trades after working hours

I live in europe so it would leave me japanesee and auzzie, not sure I have to check time zones

I started some work on EA but I will have to study more and more winner charts to get the right thing, for now i have 50%/50% win loose situation on EA ) not good enough ) maybe only for loosing money

20, 50, & 100 pointing down 5 has crossed down.
Short at candle close.

Epip,

Great call based on Boxing's system, a perfect one in my view.

T.

Boxingislife,

Based on your experience, which are the best/most reliable pairs to trade the system?

T.

tzachi
it really depends on each person and their preference
but for me i like to trade gbpusd and gbpjpy while checking some others every now and then like eurusd usdjpy audusd. maybe some others too lol
experiment and see which one u like best i just seem to always have luck with gbpusd compared to trading another pair. maybe the pair responds well to my signals but ill keep believing that gbpusd is my future wife.
is anybody trading live or everyone practicing on demo?
for anyone thats been practicing this for sometime i recommend u move to a live account and trade 1 cent a pip. might sound small but not only ur practicing with real fear and real money but u can also make some money
i just believe that practicing small on a real account is better than the fairy tale that u can have practicing on a demo for a long time.

what about stops and targets on GBPJPY and with most of the brokers spread is also high

GBPJPY can generate quite a move do you target for more than usual there?

This is from this morning it wuold be just nice for 30pips max

stop loss would be 20 pips

it is all without spread, should I add spread to all these values?

stops like i said earlier depends on alot of stuff
but for me a typical stop on gbpjpy would be 20-25 pips with a target of around teh same or a bit higher around 30 pips. but trading gbpjpy on 15 min chart is a bit scary

yea u should add the spreads or at least part of it to an already decent stop or target

I realize changing a system before you've actually traded it a month or so is kind of taboo but I had to mold this to better fit my time frame and personality. It also happens that this works out fairly well..

I only have the 50,10,20 on my charts. Specifically the 1hr cable and swiss. I go short when the main line has gone above overbought (80) and drops back down again. Likewise I go long when the main line drops below oversold (20) and pops back up again.

Exit either at the next sell signal, a predefined stop loss or when the main line crosses the trigger line (but ONLY if they are both between the 80 and 20 levels - crosses of the main/trigger are ignored when in overbought and oversold areas).

I have also added a tunnel to the chart, using the 62 EMA w/ +10 and -10 levels on it. This can be used in one of two ways. When a currency is trending hard, a slight retracement might actually cause the stochastics to drop below (or above) the over/under sold line indicating a new position. In this case, I use the tunnel as confirmation of entry. If the price does not cross the tunnel I do not take the trade. Again, I typically only use this tunnel in cases of trending markets. The second use would be to always use the tunnel as added confirmation of a trade - many times the price will range within the tunnel before continuing on in the direction of the stoch signal. Up to you.

Jason

thanks jlowder ill take a look

My two first trades with this method were both positive yesterday. I had a euro long that worked and a usd/cad short that I exited this morning.

On the attached image the trade was entered at 1.1754 with a stop at 1.1774 and I exited at 1.1708. From the looks of things I could have held the trade longer but a profit is a profit. It's nice since I have lost my ass on a few trades this week.

imbiber, where did you found the indicator that shows yesterday HL ? could you post it ?