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Stochastic secrets

  • #81
  • Edited Sep 13, 2008 9:02am Sep 12, 2008 9:11am | Edited Sep 13, 2008 9:02am
Quoting RedTrader
10x Titus for posting the indi. I have got MTF but, no matter if I try to use yours or the one I found, it crashes the application when I'm starting it (if it has to load a profile that contains MTF)

About you prblm with uploading the images, you can create a zip - you select the images and (assuming u use Windows XP or higher) right click > send to > Compresed (Zipped) folder. You can try exporting the chart as a different image format.
...sorry to hear that, but i dont know why it crashes your platform

thanks for the advice, im downloading winzip at the moment cause winrar doesnt work either

today i tested your setting 3.2.3 (from 30min. chart) together with 30.4.4 on 3 min. chart (mtf-stoch) ...looks very interesting, more tests required


edit: today i have nearly the same problems, my platform freezes when i try to open the indicator or objets lists (right click chart)...pressing esc solves the freezing problem but not the problem itself...really annoying... !
  • #82
  • Sep 12, 2008 9:39am Sep 12, 2008 9:39am
it worked
Attached File(s)
File Type: zip charts.zip   625 KB | 1,197 downloads
  • #83
  • Sep 12, 2008 9:47am Sep 12, 2008 9:47am
Quoting KudzuFX
I have for some time been interested in using Stoch and RSI together.

the Stoch I use for entry and exit points

the RSI I use to show trend movement. I have lines at the 37 and 63. When RSI hits these lines then there is a probability of trend reversal. I do not look at this hit a signal to buy or sell, but as a signal to pay attention to a possible reversal of trend. The RSI can go below these lines, but it is not most often inclined to do so except when the trend is very strong.

the Williams is just there for further confirmation.
Stoch and RSI couple very well indeed.
  • #84
  • Sep 12, 2008 9:52am Sep 12, 2008 9:52am
Quoting Titus
it worked
Yeap, got them. Remind me about my filter . Yep, very functional .

"more tests required". Good... it's better to test and not just take it with the eyes closed and put it in the real market trades. Waiting "test's results" from u .
  • #85
  • Sep 12, 2008 10:10am Sep 12, 2008 10:10am
Well guys, the weekend it's already here, so wish u a happy weekend.
  • #86
  • Edited 10:29am Sep 12, 2008 10:13am | Edited 10:29am
Quoting RedTrader
Yeap, got them. Remind me about my filter . Yep, very functional .

"more tests required". Good... it's better to test and not just take it with the eyes closed and put it in the real market trades. Waiting "test's results" from u .
so true

i let it run beside my standard system today, took one trade (last example of the chart) but only because my system told me to act too.


happy weekend !!
  • #87
  • Sep 15, 2008 1:55am Sep 15, 2008 1:55am
Good morning!

Right now it's a bad weather here - rain :| ... September what else can be expected... But it's good that it doesn't rain on the charts

Green pips for all!
  • #88
  • Edited 10:41am Sep 15, 2008 10:27am | Edited 10:41am
hey redtrader,

same ugly weather here... ...but music helps ...
http://de.youtube.com/watch?v=epkhJJ...eature=related

hope you and everybody catched the green ones today

  • #89
  • Sep 15, 2008 12:29pm Sep 15, 2008 12:29pm
Big fan of Stoch indi w/ RSI. Will be checking in from time to time to see the latest.

Cheers
  • #90
  • Sep 15, 2008 1:13pm Sep 15, 2008 1:13pm
Quoting Titus
hey redtrader,

same ugly weather here... ...but music helps ...
http://de.youtube.com/watch?v=epkhJJ...eature=related
Indeed ... that music wakes anybody up... Anyway I hadn't traded today. I'm waiting for a calm period in order to be able to open a long-term trade.

Quoting fxgrm
Big fan of Stoch indi w/ RSI. Will be checking in from time to time to see the latest.

Cheers
Glad to hear this. But, from time to time, you could also participate

Anyone who wishes to post he's/her's techniques is welcomed to do so.
By the way, what would you like (need etc.) to be updated in the pdf from the first post?
  • #91
  • Sep 19, 2008 10:24am Sep 19, 2008 10:24am
Quoting grkfx
The secret about stochastics is to throw that useless indicator in the garbage can.
Yeah!!! That's a good advice!!! I’ve been looking for a good indicator but they work for a while and then they become useless. Also sometimes I try with 3, 2, 3 stoch and it tells me something completely different than others indicators.
  • #92
  • Sep 22, 2008 1:14pm Sep 22, 2008 1:14pm
Quoting AngelaTrix
Yeah!!! That's a good advice!!! I’ve been looking for a good indicator but they work for a while and then they become useless. Also sometimes I try with 3, 2, 3 stoch and it tells me something completely different than others indicators.
It's not something about a general fact; there is no "good indicator" as there are no golden-strategies or holy-grail techniques. In change, there is perspective. For example, after taking a S/L one may be irritated or sad but other could show a hidden smile as the result of knowing that by carefully taking his/hers lesson from that S/L, he/she will not make the same mistake and even profit on the next occasion - the same S/L but different perspectives; there is no good or bad indicator, in change is using or not using indicators and if using, coupling with the right one.
  • #93
  • Sep 22, 2008 2:15pm Sep 22, 2008 2:15pm
Quoting AngelaTrix
Yeah!!! That's a good advice!!! I’ve been looking for a good indicator but they work for a while and then they become useless. Also sometimes I try with 3, 2, 3 stoch and it tells me something completely different than others indicators.


when you use one indicator as kind of your coach, how should that work?
everybody would be rich in no time. stochastics for example work good in ranging markets, which is defined as almost equal highs/lows and not so good in trending markets, which is defined by higher/lower // highs/lows. for trending markets use moving averages or whatever, but it makes no sense to watch indicators, they are all showing the past,
you have to watch for divergences or some patterns the indi likes to do. but first you have to gain experience with price itself, you have to know important S/R level and how price reacts to them, you have to know trendlines and how price reacts on them, you have to know important candlestick patterns and watch them on multiple timeframes and how they
play out at specific market conditions and how they react on S/R level or trendlines, you have to include the time-factor to your trading, to get a idea where consolidation areas could appear for example.
to make a long story short, you can throw every indicator on the planet in the garbage if you use them as your coach, but with expirience, indicators are a nice bonus, they can keep you out of bad trades
and can let you stay longer in good trades...jmvho

good night
  • #94
  • Sep 23, 2008 1:05am Sep 23, 2008 1:05am
Hy Titus how have you been?

By the way, very good points at last post the experience talks...
I'm just thinking about developing a new combined science - The philosophy of indi ... just writing like Platon, Aristotle and others about if yes, if not, why yes, why not etc...

See ya'
  • #95
  • Sep 23, 2008 1:36am Sep 23, 2008 1:36am
Quoting RedTrader
Hy Titus how have you been?

By the way, very good points at last post the experience talks...
I'm just thinking about developing a new combined science - The philosophy of indi ... just writing like Platon, Aristotle and others about if yes, if not, why yes, why not etc...

See ya'
good morning redtrader

everything fine here, last week no trading...damn work! ...how are you? did u catch your longterm trade?

yeah good idea, like... "to use or not to use indis, that is the question"...(deeply thoughtful face)


i like the part you talk about the perspective in your post, "the loosers teachs you, the winners feeds you"

lets see what london does in few minutes, wish u green pips !!
  • #96
  • Sep 23, 2008 2:50am Sep 23, 2008 2:50am
Quoting JohnDimitri
Hers my secret with stochastics. Not much of a secret but...only look for over bought signals and sell them in down trending markets. Ignore over sold signals in a market that is trending down. Only look for over sold signals and buy them in up trending markets. Ignore over bought signals in a market that is trending upwards. ANd Im not talking about 5 minute charts here cause I cant get caught up in a trend on a 5 minute chart...its just noise. Im talking 4 hours at the smallest time frame all the way up to monthly charts...
Right...The longer, the more accurate...You must be catching every single pip of whatever trend is prevailing.
  • #97
  • Sep 23, 2008 6:03am Sep 23, 2008 6:03am
Quoting Titus
good morning redtrader

everything fine here, last week no trading...damn work! ...how are you? did u catch your longterm trade?

yeah good idea, like... "to use or not to use indis, that is the question"...(deeply thoughtful face)


i like the part you talk about the perspective in your post, "the loosers teachs you, the winners feeds you"

lets see what london does in few minutes, wish u green pips !!
To say it like this: me 2 not trading last week; no free time. But, after Wednesday I'll be "scanning". In rest, ok, 10x and glad 2 hear that everything it's ok. 10x for the appreciation about the perspective and I like the way you said it - "the loosers teachs you, the winners feeds you" - I didn't herd this one before, but I like the sound of it. This week I'll post another update. By the way, if you have something that you would like to be included in the pdf... let me know (copyright guaranteed )

Green pips 2 u 2.
  • #98
  • Sep 23, 2008 2:01pm Sep 23, 2008 2:01pm
Quoting RedTrader
To say it like this: me 2 not trading last week; no free time. But, after Wednesday I'll be "scanning". In rest, ok, 10x and glad 2 hear that everything it's ok. 10x for the appreciation about the perspective and I like the way you said it - "the loosers teachs you, the winners feeds you" - I didn't herd this one before, but I like the sound of it. This week I'll post another update. By the way, if you have something that you would like to be included in the pdf... let me know (copyright guaranteed )

Green pips 2 u 2.

glad to hear that everythings fine, as well

cause im trading on lower tf´s, i have not much to ad to your pdf, personally i like the 14.7.4. stoch with (mtf)5min stoch 30.4.4. in the same window on 1min tf....but 1min chart is not made for everybody i think...but honestly there is no difference between, risking 20 for a 60 pip gain on 1min tf, or risking 200 for a 600 pip gain on the 4h tf. ...and guess what, there are more signals for 60 pips than for 600 ... and the whipsaws are not that bad in volatile market times
  • #99
  • Sep 23, 2008 2:40pm Sep 23, 2008 2:40pm
Quoting charlinks
Sure. Fix is here.
Charlinks can you post the .mq4 file of you bh_doublestoch or can you post one with setting of 12, 8, 12.

Thanks
  • #100
  • Sep 24, 2008 1:05am Sep 24, 2008 1:05am
Quoting Titus
glad to hear that everythings fine, as well

cause im trading on lower tf´s, i have not much to ad to your pdf, personally i like the 14.7.4. stoch with (mtf)5min stoch 30.4.4. in the same window on 1min tf....but 1min chart is not made for everybody i think...but honestly there is no difference between, risking 20 for a 60 pip gain on 1min tf, or risking 200 for a 600 pip gain on the 4h tf. ...and guess what, there are more signals for 60 pips than for 600 ... and the whipsaws are not that bad in volatile market times
Good morning!

Indeed 1 min chart is not made for everybody but 5 min is, for an even better entry point, if you consider tightening the s/l 10x for the values. By the way, regarding mtf... it still crashes... and I don't know mql4 programming hmmm that leaves me with the "old-fashioned" swich from wk to d1 to h1 and so on... wich as a result leaves me with more "physical exercise"
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