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MTF Stochastics

  • #1,341
  • Sep 24, 2008 4:14am Sep 24, 2008 4:14am
Hello i once followed this thread. Something happened i lost the customized indicator i download from this thread. can someone please help me with the page i can download them from. Thanks
  • #1,342
  • Sep 24, 2008 8:46am Sep 24, 2008 8:46am
Quoting ohimae
Hello i once followed this thread. Something happened i lost the customized indicator i download from this thread. can someone please help me with the page i can download them from. Thanks

I am not sure which one you want since there are several indicators. find the paper clip at the top right of this page and you will find several indicator attachments.
  • #1,343
  • Sep 24, 2008 11:44am Sep 24, 2008 11:44am
Kudzu, how's it going my friend? All this negative news from the U.S. is helping me to grab some serious pips but man, do you have to be careful. This market whips around the other direction in a blink of an eye. Hope everyone is doing well. Guys, post some charts, ask some questions..as they say in the corporate world, "Let's get some dialogue going"
  • #1,344
  • Sep 24, 2008 1:07pm Sep 24, 2008 1:07pm
Alright this pair seems to be my new cash cow as of late Price has retraced to the 38.2 fib level and will probably turn back down. I'm stalking it..
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  • #1,345
  • Sep 25, 2008 4:15am Sep 25, 2008 4:15am
Quoting Andy B
Do you find the system still effective in a trading range?

I can see how effective the system would be during strong trends, of course it's impossible to know you're in a trend until it's at least partly formed.

How do you find the system performs when you think a trend is underway but it merely turns out to be the top or bottom of a trading range?

Thanks
Andy
please advice which ones you use.
Thanks
  • #1,346
  • Edited 10:51pm Sep 25, 2008 8:57am | Edited 10:51pm
Quoting jdcompute
Kudzu, how's it going my friend? All this negative news from the U.S. is helping me to grab some serious pips but man, do you have to be careful. This market whips around the other direction in a blink of an eye. Hope everyone is doing well. Guys, post some charts, ask some questions..as they say in the corporate world, "Let's get some dialogue going"

yes, it is fun to watch. I'm on the sidelines right now because I have major projects at the office I am focusing on. I've learned the hard way to not trade when the mind is distracted. I do better when my mind can process all the trading data in the moment without any other major concerns.

good luck with your trades. watch out for those whips
  • #1,347
  • Sep 25, 2008 9:01am Sep 25, 2008 9:01am
Quoting ohimae
please advice which ones you use.
Thanks

it is always a struggle to switch from trend to range. this is why multiple time stochs work so well. you can tell in the higher TFs when price is trending for the most part. The mtf stochs are good at showing high probability turning points in trend to range and visa versa.
  • #1,348
  • Oct 15, 2008 10:55pm Oct 15, 2008 10:55pm
4hr seems nailed to the floor. We may see the 15m/30m turn back down and bring the 1hr with them down to the 4hr. I'm in wait and see mode as usual
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  • #1,349
  • Oct 16, 2008 12:02am Oct 16, 2008 12:02am
Successful trade..closed out at +60 because I'm going to bed.
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  • #1,350
  • Oct 16, 2008 12:44am Oct 16, 2008 12:44am
Quoting jdcompute
Successful trade..closed out at +60 because I'm going to bed.

are you using Boxing's stoch set up or is that some variation of Spud's?
  • #1,351
  • Oct 16, 2008 4:55am Oct 16, 2008 4:55am
Spuds, my friend

Quoting KudzuFX
are you using Boxing's stoch set up or is that some variation of Spud's?
  • #1,352
  • Oct 16, 2008 9:18am Oct 16, 2008 9:18am
Just be careful, because the MTF stochastic lags.
If you plot in 15min TF the 1hour stochastic with MTF, you have to shift the 1hour MTF 3 bars to the right. The 240min stoch you have to shift the MTF 240min line 15bars to the right.
Its because the time of the bar is in MetaTrader bound to the open, and not to the close. Compare the charts and you will see.

Pay attention to this, because this could be very misleading at manual backtesting with the MTFstoch indicator.

This problem have all versions of MTF indicators.
  • #1,353
  • Oct 16, 2008 12:14pm Oct 16, 2008 12:14pm
Quoting ohimae
Hello i once followed this thread. Something happened i lost the customized indicator i download from this thread. can someone please help me with the page i can download them from. Thanks
not sure which indicator you are looking for.

try clicking on the paper clip at the top right of the page to select from several.
  • #1,354
  • Oct 16, 2008 7:39pm Oct 16, 2008 7:39pm
Are you talking about version 1.0 or version 2.0 of the indicator?


Quoting colombino
Just be careful, because the MTF stochastic lags.
If you plot in 15min TF the 1hour stochastic with MTF, you have to shift the 1hour MTF 3 bars to the right. The 240min stoch you have to shift the MTF 240min line 15bars to the right.
Its because the time of the bar is in MetaTrader bound to the open, and not to the close. Compare the charts and you will see.

Pay attention to this, because this could be very misleading at manual backtesting with the MTFstoch indicator.

This problem have all versions of MTF indicators.
  • #1,355
  • Oct 16, 2008 9:05pm Oct 16, 2008 9:05pm
Alright, look at this trade setup. You see the 15m/30m/1hr now pointing down but it's right up against a pivot line. I've learned not to mess with those. The 4hr is flat. I've already picked up +15 pips trading the 15m/30m down but I don't feel good about it anymore. I'm waiting on the 15m/30m to turn back up and pull the 1hr up with them or the 15m may cycle up a bit and then come back down with the 30m/1hr together. This is a pattern I've seen before. We'll see how it goes.
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  • #1,356
  • Oct 16, 2008 9:37pm Oct 16, 2008 9:37pm
30m candle has closed and now the 15m is oversold and turning up a bit. The 30m is now in oversold with the 4hr still flat but slightly trending up and the 1hr is falling but not as fast as the others. I'm still undecided as to direction as of yet but it looks to me as if the 15m/30m will turn up and push the 1hr up as well on its trek up. But since we don't know, we wait. I'll probably take the trade if the 15m/30m come from out of oversold and start heading up since the 1hr is slow to update.
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  • #1,357
  • Oct 16, 2008 11:35pm Oct 16, 2008 11:35pm
I'm up +22 at the moment.
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  • #1,358
  • Oct 17, 2008 12:54am Oct 17, 2008 12:54am
Quoting KudzuFX
not sure which indicator you are looking for.

try clicking on the paper clip at the top right of the page to select from several.
please just tell one you use. there are several indicators there. thanks.
  • #1,359
  • Oct 17, 2008 1:38am Oct 17, 2008 1:38am
Quoting ohimae
please just tell one you use. there are several indicators there. thanks.
We use the MTF Stochastic v2.0
  • #1,360
  • Oct 17, 2008 8:08am Oct 17, 2008 8:08am
I'm talking about all versions of MTF stochastic (i dont find the correct one yet).
The problem is, that 14:00 bar on 15 min TF is in reality bar which closed at 14:15.
So 12:00 bar on 240 min TF is in reality 15:45 bar on 15min TF.

It's really stupid, I know, I dont know why MetaTrader was programed this way, but look on the charts and you will see for yourself.

But anyway MTF strategy is great and if you take only the best signals (1-2/day) you have like 90% accuracy.

Maybe someone could reprogram the MTF indicator to the right way, i'm not programmer unfortunately.

On the pictures the thick blue stoch is the 1h stoch.
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