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Spudfyre's Stochastic 5 Minute Trade

  • #21
  • Oct 20, 2008 12:59am Oct 20, 2008 12:59am
Quoting KudzuFX
Spud,

Seems that i recall you went on hiatus when oil was on its way up. Now oil is back down and you're back. Just a fundamental coincidence or a technical reversal?

welcome back
Based on Spud-analysis oil is going to start its corrective wave up.
  • #22
  • Oct 20, 2008 5:09am Oct 20, 2008 5:09am
can u post chart with u r stock? and exmpels?
  • #23
  • Oct 20, 2008 5:38am Oct 20, 2008 5:38am
what is the MA setting for stoch ?


smooth MA OR EMA ?

Price field setting is low/high ?

Thnx
  • #24
  • Oct 20, 2008 5:49am Oct 20, 2008 5:49am
Missed your posts...good to see you again!
  • #25
  • Oct 20, 2008 7:10am Oct 20, 2008 7:10am
Quoting Kfx
Hi Spudfyre !!!

Very interesting system. Thanks for share.

One question:

When you decide to take only Shorts or Longs ?? Any EMA maybe?
I'm afraid you'll have to do some reading on my past systems...MTF Stochastics and Escalator to PIPS will guide you.
  • #26
  • Oct 20, 2008 7:11am Oct 20, 2008 7:11am
Quoting emda
wowwwww what a great surprise... how can you return and don't say hello I'm back ? lol.... I know many people missing you! including me!
I'm glad to see you here again. I still use stochs threads in my trading
Hello, I'm back.
  • #27
  • Oct 20, 2008 10:02am Oct 20, 2008 10:02am
I just made my first trade using this system. quick ten pips!!! this systems seems like a no brainer for an ea. only problem is that i don't know how to write one. anyone up to it?
  • #28
  • Oct 20, 2008 10:05am Oct 20, 2008 10:05am
Welcome back Spudster....it's good to see you.
  • #29
  • Edited 11:12am Oct 20, 2008 10:22am | Edited 11:12am
Quoting jtmoore007
I just made my first trade using this system. quick ten pips!!! this systems seems like a no brainer for an ea. only problem is that i don't know how to write one. anyone up to it?
The system may look like a no brainer, but unless I'm misinterpreting it, it gets killed during very strong trends.
Attached File(s)
File Type: mq4 Spud Stochastic.mq4   12 KB | 1,051 downloads
  • #30
  • Oct 20, 2008 10:27am Oct 20, 2008 10:27am
Quoting jtmoore007
I just made my first trade using this system. quick ten pips!!! this systems seems like a no brainer for an ea. only problem is that i don't know how to write one. anyone up to it?
Hi jtmoore, Can u pls post the chart. picture speaks better. Thanks. Nerry.
  • #31
  • Oct 20, 2008 10:31am Oct 20, 2008 10:31am
Hey Spud,

welcome back! Wow, you were missed here man. Thanks for your other threads - they were like an eye opener. The only reason that I'm making real money out of 4x are stochastics - in years of trading nothing else came even close if indicators are considered. And thanks to your great explenation of stochs I was able to adopt them to my own understanding of the forex market.

Looking forward to seeing your new ideas, there are so many things we can do with stochs.
  • #32
  • Oct 20, 2008 10:55am Oct 20, 2008 10:55am
In honor of Spud's return to FF , I'm glad to release this tiny indicator that paints bars with different color whenever the stoch is overbought/oversold, I added a lot of parameters to fully customize the indicator (stoch values, color, width)
Hope it could be of some help
Attached Image (click to enlarge)
Click to Enlarge Name: StochasticBars.jpg Size: 126 KB
Attached File(s)
File Type: ex4 StochasticBars v1.ex4   4 KB | 1,056 downloads
  • #33
  • Oct 20, 2008 11:04am Oct 20, 2008 11:04am
Quoting skyline
In honor of Spud's return to FF , I'm glad to release this tiny indicator that paints bars with different color whenever the stoch is overbought/oversold, I added a lot of parameters to fully customize the indicator (stoch values, color, width)
Hope it could be of some help
Hi sky, Thanks so much. Nerry.
  • #34
  • Oct 20, 2008 1:46pm Oct 20, 2008 1:46pm
Man I'm having the hardest time with the 5-min trades. I am banking pips on the normal 15m charts using the Momentum or Escalator to pips trade systems. Dunno why I can't grab this one though.
  • #35
  • Oct 20, 2008 3:13pm Oct 20, 2008 3:13pm
Mille Grazie, Skyline. A nice way to begin once again.
  • #36
  • Oct 20, 2008 3:33pm Oct 20, 2008 3:33pm
well.. I'm surprised to see Spud coming back with this idea... because it is not better or I don't see it better than previous ones... it is very risky to enter at 5 min stochs at OS or OB levels... price can easily keep going. I suggest tight stops and small targets too. for aggressive scalping.
  • #37
  • Oct 20, 2008 3:39pm Oct 20, 2008 3:39pm
Welcome back spud. This seems like a "falling knife approach". The darn thing can keep on moving against you.
  • #38
  • Oct 20, 2008 4:49pm Oct 20, 2008 4:49pm
Quoting Rialto
Mille Grazie, Skyline. A nice way to begin once again.
Prego Rialto
  • #39
  • Oct 20, 2008 4:53pm Oct 20, 2008 4:53pm
Quoting emda
well.. I'm surprised to see Spud coming back with this idea... because it is not better or I don't see it better than previous ones... it is very risky to enter at 5 min stochs at OS or OB levels... price can easily keep going. I suggest tight stops and small targets too. for aggressive scalping.
I have to agree too with you Emda, I've backtest on few past days and I cannot see any evidence of profitability in the long run but I'm sure Spud will enlight us with his great teaching ability on how to trade properly this new strategy
  • #40
  • Oct 20, 2008 4:55pm Oct 20, 2008 4:55pm
Quoting Ronald Raygun
The system may look like a no brainer, but unless I'm misinterpreting it, it gets killed during very strong trends.
Yes, I probably should mention that reading MTF Stochastics or Escalator to PIPS and trading in the direction of the trend is always still a good idea....at least it is ultra safe. However, even in trends their are hills and valleys and over 5 minute periods the trend doesn't always play a significant role. It really depends on fluency in reading the stochastics which I preached very early on in my earlier posts.
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