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Weighted Escalator - a weighted stoch system

  • #21
  • Sep 29, 2008 3:25am Sep 29, 2008 3:25am
Quoting FrostCall
I'll send you a private message to help you out
ok thanks
  • #22
  • Sep 29, 2008 6:37am Sep 29, 2008 6:37am
Thanks, I've got it now. How many pairs are you trading -- seems like a lot of manual calcs to keep track of.

Quoting FrostCall
Actually, a -3.
Here you go, this should clear it up
Sorry I wasn't clear.
EDIT- wow, thanks. I didn't realize that I still had the old color labels (and in the wrong oder twice!). FIXED!
  • #23
  • Sep 29, 2008 11:42am Sep 29, 2008 11:42am
Just 1 chart at a time at the moment. I have several open and I simply look for one that's about to go into a buying position.
  • #24
  • Sep 29, 2008 11:48am Sep 29, 2008 11:48am
ok, thanks. Can't wait to see if you or another coder here can figure out a way to add up these lines automatically.
  • #25
  • Sep 29, 2008 12:21pm Sep 29, 2008 12:21pm
Quoting BenQ
ok, thanks. Can't wait to see if you or another coder here can figure out a way to add up these lines automatically.
I hope so, because I've pretty much reached my coding limitations. For now, I just count manually and it works pretty well, but it would be nice to automate the whole thing. I went live with this system today and I've done rather well so far. No losses yet. The other system I use (100/40) is not doing so hot today.
  • #26
  • Sep 29, 2008 12:26pm Sep 29, 2008 12:26pm
Can you post a pic of your trades today with comments? I want to see if I'm following this correctly.
  • #27
  • Sep 29, 2008 1:01pm Sep 29, 2008 1:01pm
Quoting BenQ
Can you post a pic of your trades today with comments? I want to see if I'm following this correctly.
Sure! The first one from yesterday is shown on the first page. Here are two more. Please keep in mind that I entered these two trades late (for testing purposes), I went past my Take Profit rules (again for testing purposes) and you should always enter ONLY at the entry point as defined in the System. I will post something later tonight showing the danger of entering mid stride like I did here. Even though I made money off of these trades, I saw several charts where I would have lost entering late like this. So again, follow the rules.

I made a few more 'fake' trades on a demo account, but I won't bother posting non-real trades here.
Attached Image(s) (click to enlarge)
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  • #28
  • Sep 29, 2008 1:03pm Sep 29, 2008 1:03pm
Take your time, find a chart where the score is about to flip and play the rules. Right now, it's a bit hard since the dollar is making massive gains. This means that a lot of charts are far from flipping. Have patience.
  • #29
  • Sep 29, 2008 1:15pm Sep 29, 2008 1:15pm
Thanks for posting this new and unique system. Its been awhile since I have seen somthing new and different around here.
  • #30
  • Sep 29, 2008 2:39pm Sep 29, 2008 2:39pm
About the re-draw. You can clear the re-draw when it doesn't clear it'self by changing the time period on your chart, then change back to your current period. When the score is coming close to your close and the market is in great flux, with constant re-draw; be conservative and count the 'bad' symbols that are being re-drawn over the 'good' ones. ie, if you are currently in a sell and waiting for a 0 score to close and you see the following:

Inserted Code
1
2
2
-4
1  <--  redrawing between 1 and -1       
2  <--  redrawing between 2 and -2
-2
2

This could mean a close or a stay (a score from anywhere between +2 to -4).
Since you're in a sell and looking for the 0 to close, and there are two symbols being re-drawn, assume they are the opposite of what would keep you in the trade. So in this case, you would assume they are positives and not negatives. This would be your score to close the trade. Even if they end up staying negative and you don't take as many pips as you 'could' have, don't cry over spilt pips. Take your profits and walk away.
Attached Image
  • #31
  • Sep 30, 2008 3:41am Sep 30, 2008 3:41am
Here are two more charts from the GBP/JPY
There is always the chance that you will lose some of the trades, but so far, this system seems to pick winners well.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.PNG Size: 59 KB
Click to Enlarge Name: 2.PNG Size: 60 KB
  • #32
  • Sep 30, 2008 4:07pm Sep 30, 2008 4:07pm
FrostCall;

Nice short-term strat. I will forward test and help to improve if needed. Thanks for your time and efforts.

TimeFreedom
  • #33
  • Sep 30, 2008 7:26pm Sep 30, 2008 7:26pm
This indicator repainted... Please adjust it if possible thank !!!
  • #34
  • Oct 1, 2008 5:08pm Oct 1, 2008 5:08pm
Quoting dorko
This indicator repainted... Please adjust it if possible thank !!!
Hi dorko, check the link below. http://forexfactory.com/showpost.php...4&postcount=30.
  • #35
  • Oct 1, 2008 7:23pm Oct 1, 2008 7:23pm
FrostCall, I've put this on GBP and EUR so far, and will give it a go. Haven't seen anything like it here, and like the math part of it. There's not much of a problem in figuring the totals manually. I think this one's gonna be around for awhile. Won't be long before this is a 5 star thread with numerous suggestions for improvement. The more I think about it, the more I think you've simplified it with the numbers. Should be VERY interesting as time goes on. Thanks for introducing it.
  • #36
  • Oct 2, 2008 1:16am Oct 2, 2008 1:16am
Hey, Stochastic's move and change. If they are moving and re-painting like crazy, stay out or get out. If you don't feel comfortable with a score or a setup, then don't throw good money at it.

It can be frustrating, I know.
  • #37
  • Oct 2, 2008 12:43pm Oct 2, 2008 12:43pm
Good afternoon FrostCall,

Why are you using two groups of 4 stoch bars ?
A first group with stoch setting 5,3,3 followed by a second group with different stoch setting 14,3,3. Why don't you use only one group of four stoch bars with the same setting 5,3,3 or 9,3,3 or 14,3,3 ?

Trade well,
eTrader
  • #38
  • Oct 2, 2008 1:22pm Oct 2, 2008 1:22pm
Quoting eTrader
Good afternoon FrostCall,

Why are you using two groups of 4 stoch bars ?
A first group with stoch setting 5,3,3 followed by a second group with different stoch setting 14,3,3. Why don't you use only one group of four stoch bars with the same setting 5,3,3 or 9,3,3 or 14,3,3 ?

Trade well,
eTrader
I decided to use 2 sets because it was easier to count than 4 sets
Basically, the greater range thats covered, the more accurate the trend should be. Granted, the accuracy rate doest not increase drastically, but it still increases. I found (just like the folks in the other thread) that two sets works out pretty well and for me is easy to count.
  • #39
  • Oct 2, 2008 3:33pm Oct 2, 2008 3:33pm
The numbers on the previous 15 minute bars that have closed change. How do you deal with that when considering an exit or entry? Do you wait for the close of the current 15 minute bar, and then use the totals of the bar prior to that?
  • #40
  • Oct 3, 2008 2:13am Oct 3, 2008 2:13am
It depends on the market. If things are moving up and down fast, I stay out. If it's not that bad, I may bump my required score for entry to 5 or 6. Most of the re-draws will be within the margin of error. This is why I wait for 3 to enter in the first place, to help 'weed out' the redraws. Play with it a bit and see where you like the entry and exit score to be. If you think of a good way to deal with the redraw, please post it here.
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