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Spud's Predictive MTF Stochastics

  • #1,121
  • Edited Dec 4, 2008 1:22am Dec 3, 2008 11:21pm | Edited Dec 4, 2008 1:22am
Quoting sarah2002
CAN a gifted programmer convert this indicator to an all stochastic no last bar indicator
thanks
I have done the change that you asked, in addition, I removed the signal line and set the initial values to 14-3-3.

Good Luck.

Lubo
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File Type: mq4 All Stochastic no Last Bar v1.0.mq4   9 KB | 763 downloads
If I know how, I tell You!! Few but Good!!
  • #1,122
  • Dec 3, 2008 11:41pm Dec 3, 2008 11:41pm
Quoting Spudfyre
Ok, let me simplify this....

The chart below identifies the 5 last most obvious, and most reliable trade entries today. I am only looking at the Origin line crossing above 23.6 or below 76.4 and the Price Line with the Origin line. Whether we enter these trades depends on 3 other criteria.....our M5/M15 cross, our M1 filter, and our M5 cross 20/80. Again, this is the pickiest of picky trade entry situations. The 3 other criteria are there to confirm the "off peak" trade developed by the Origin Line and the Price Line.

So, the first criteria...

You are right that many ignore this prudent advice, but what you have advised is as essential as finding a tradable method. I believe we hear alot of conflicting things about money management out there. Consistency in MM is life saving.

I believe we should also be reminded that trade management is important. Money management and trade management go hand in hand.

thanks again Spud





.
  • #1,123
  • Dec 3, 2008 11:42pm Dec 3, 2008 11:42pm
Quoting Spudfyre
The blue lines are the 6,1,1; 7,1,1; 8,1,1 to 13,1,1 %K Stochastics. I call these the "Index Channel" because they lead every trade and provide us with our selection of trades to make based on their position.

The red lines are the 15,1,1 to 24,1,1 %K Stochastics and they represent the "Slow Channel". These work together as a group also.
.
Hi Guys

I'm just wondering if someone can turn the rope into 1 indicator instead of 20 different stochs also with the no last bar function and ability to turn the last bar on or off

It just needs a

yellow 14,3,3 (origion line - )
Green 100,3,3 (price line)
blue lines 6,1,1 to 13,1,1
red lines 15,1,1 to 24,1,1

All in one indicator

THe reason is because when I have the rope on my charts it slows everything down and takes a long time for the chart to load because there are so many different indicactors.

The rope has nothing to do with the combination entries but I'm still using it just as a visual

Thanks
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Time hides Nothing
  • #1,124
  • Dec 4, 2008 12:14am Dec 4, 2008 12:14am
Quoting LuboLabo
I have done the change that you asked, in addition, I removed the signal line and set the initial values to 14-3-3.

Good Luck.

Lubo
Lubo, Thanks for the no last bar all stoch indicator. I put on my chart but it is not align with the original all stoch v1.0. Could you please see if you could adjust that.

Tks/Harry
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  • #1,125
  • Dec 4, 2008 12:16am Dec 4, 2008 12:16am
Quoting CindyXXXX
Hi Guys

I'm just wondering if someone can turn the rope into 1 indicator instead of 20 different stochs also with the no last bar function and ability to turn the last bar on or off

It just needs a

yellow 14,3,3 (origion line - )
Green 100,3,3 (price line)
blue lines 6,1,1 to 13,1,1
red lines 15,1,1 to 24,1,1

All in one indicator

THe reason is because when I have the rope on my charts it slows everything down and takes a long time for the chart to load because there are so many different indicactors.

The rope has nothing to do with...

Hi Cindy,

I don't know if it possible, cause the program language MQL have a 8 buffer limitation, namely maximum 8 indicators to be calculated in the same indicator.
Perhaps there is a way to overcome this limitation, but I am not expert enough, however, try to see if I can, I just I have time..


Lubo.
If I know how, I tell You!! Few but Good!!
  • #1,126
  • Dec 4, 2008 12:22am Dec 4, 2008 12:22am
Quoting LuboLabo
Hi Cindy,

I don't know if it possible, cause the program language MQL have a 8 buffer limitation, namely maximum 8 indicators to be calculated in the same indicator.
Perhaps there is a way to overcome this limitation, but I am not expert enough, however, try to see if I can, I just I have time..


Lubo.
Oh Lubo I dint know that thanks so much for taking a look

Cheers -
Time hides Nothing
  • #1,127
  • Edited 1:03am Dec 4, 2008 12:37am | Edited 1:03am
Quoting Spudfyre
Ok, let me simplify this....

.....

1. Start trading with $0 per pip and learn to identify these entries. Demo trade the entries until you can win 80%....that means you don't hit the mental stop 8 of 10 trades. Track how many times you hit 5, 10 and 15 pip gains (net). Analyze why you failed...I will bet 80% of failures come from too early an entry.

...........

That's it. That's my lecture on money management. I know that 99% of people who read it will ignore it. This is how you make an income you can rely on from trading. It is simple and...
hi Spud,

I have to admit I did not really completely understand what you said about your money management.

But I have two simple question - you may answer me with your vast amount of experience in this trading style.



1. Demo trade the entries until you can win 80%:

would you really say (from your own experience that get such high success rate is possible over a long time period?


2. How many TF-groups usually?

In your experience for let's say 10 pips gain: would we see a TF-group switch up to the H1 group?

or does this usually happen just by M5 going going till Risk 60 %.


THANKS


MJ



Well, if 10-20 pips is the common scenario - my trailing stop loss implementation idea will properly be mistaken ;-) ---- it really makes much more sense in moving with bigger trends.
__Thanks__ MJ
  • #1,128
  • Dec 4, 2008 12:54am Dec 4, 2008 12:54am
Quoting LuboLabo
I have updated preview post because i missed the underline specification


I' don't know if you have misunderstood something, but red & green does not mean necessarily short and long, but only the condition that I mentioned in prev post are reached.

Lubo
ah I see, I thought differently because of what you wrote in post: http://www.forexfactory.com/showpost...postcount=1076

anyway, my humble opinion is that you have slightly different rules/conditions than what Spud presented so far.

Which is fine - as everyone is free to implement once own design of the MTF-Stochastic.


my personal suggestion would be to separate LONG Risk assessment - completely from the SHORT one - as far as what you wrote above and in the post of the link I would find it confusing at best ....

++ but red & green does not mean necessarily short and long - together with the post of the link


well to offence - just trying to help with an other opinion.


MJ
__Thanks__ MJ
  • #1,129
  • Dec 4, 2008 1:22am Dec 4, 2008 1:22am
Quoting Harry123
Lubo, Thanks for the no last bar all stoch indicator. I put on my chart but it is not align with the original all stoch v1.0. Could you please see if you could adjust that.

Tks/Harry

Oh, I have seen! Sorry! Now it should work well! I have updated the indicator attached to my previous post. Here http://www.forexfactory.com/showpost...postcount=1121

Lubo.
If I know how, I tell You!! Few but Good!!
  • #1,130
  • Dec 4, 2008 1:35am Dec 4, 2008 1:35am
if i ve a m5 r0% and i enter the trade than switch to the m15 but i find the open candle with 60% risk or plus do i close the trade?or i wait till the candle closes?
  • #1,131
  • Dec 4, 2008 1:38am Dec 4, 2008 1:38am
Quoting sarah2002
if i ve a m5 r0% and i enter the trade than switch to the m15 but i find the open candle with 60% risk or plus do i close the trade?or i wait till the candle closes?
Switch to 15m then assess at the next close it might be 5m later 10m later or 15m later
Time hides Nothing
  • #1,132
  • Dec 4, 2008 1:46am Dec 4, 2008 1:46am
Quoting LuboLabo
Oh, I have seen! Sorry! Now it should work well! I have updated the indicator attached to my previous post. Here http://www.forexfactory.com/showpost...postcount=1121

Lubo.
Lubo, thanks for the correction. It is perfect.
  • #1,133
  • Dec 4, 2008 1:50am Dec 4, 2008 1:50am
Quoting M_j
ah I see, I thought differently because of what you wrote in post: http://www.forexfactory.com/showpost...postcount=1076

anyway, my humble opinion is that you have slightly different rules/conditions than what Spud presented so far.

Which is fine - as everyone is free to implement once own design of the MTF-Stochastic.


my personal suggestion would be to separate LONG Risk assessment - completely from the SHORT one - as far as what you wrote above and in the post of the link I would find it confusing at best ....

++...
I understand what u mean, i will try to do to my indi the possibility to choise to display only the entry combination for long and for short.

thanks.
Lubo
If I know how, I tell You!! Few but Good!!
  • #1,134
  • Dec 4, 2008 3:53am Dec 4, 2008 3:53am
hi Lubo,

Keep up the good work.

I know it's not always easy --- found my first serious bug.

Had on one TF-group LONG RISK: 2 and SHORT Risk: 2.

I think this can not really happen or if it could - my Rules are wrong as I do not want to say it is okay to stay LONG and it is okay to Stay SHORT in one TF-group.

well, only patience brings one through in such case - like CindyXXXX's signature which is really good just often hard to follow.

There's no short cuts to anywhere worth going - ;-)

MJ
__Thanks__ MJ
  • #1,135
  • Dec 4, 2008 5:20am Dec 4, 2008 5:20am
Thanks for that excellent post on money management. When I go back and manually backtest, I indeed find that the mental stop at the peak is almost never hit. I also found that if you set a TP at +10 it is almost always hit. Add discipline and stir. For sure, getting a few good trades a day for +10 pips is a living...and hopefully very realistic with this system. I really appreciate your explaination and will put it to work.

FW
Isolate yourself from the herd
  • #1,136
  • Edited 5:56am Dec 4, 2008 5:29am | Edited 5:56am
hi Spud,

I need your help, please.

Trying to follow your mechanical Risk Rules (as I understands them)

gives the possibility for Risk 40 % for LONG and SHORT at the same TF_group at the same moment.



I try to explain: we can have at the same time 40% for LONG and 40 % Risk for SHORT: on the same TF-group

Which means we say: it is fine to stay long - but it is also fine to stay short and our chance to fail is each is only 40%

SOME LOGICAL problems ;-) at least for me.


Situation could be like that:


* PriceLine_now: 8.88955754644

SHORT RISK: GREEN LIGHT
SHORT_PriceLine_above_76_4_OR_below_23_6 = True

LONG RISK: GREEN LIGHT
LONG_PriceLine_above_76_4_OR_below_23_6 = True



* OriginLine_now: 14.2844240396

just to know what could have happened before: OriginLine was below 23.6 and crossed up to let's say 30.5: LONG TRIGGER OK (SHORT TRIGGER WRONG) This is how I understood your point.

Now OriginLine_now has fallen again below 23.6 which nullifies the LONG Trigger (LONG TRIGGER WRONG (and we did not get a new SHORT TRIGGER either so this is stays also WRONG)

SHORT RISK: RED LIGHT
SHORT_OriginLine_crossed_below_76_4 = False

LONG RISK: RED LIGHT
LONG_OriginLine_crossed_above_23_6 = False



* Stoch_Main_now: 24.9354005168

SHORT RISK: GREEN LIGHT
SHORT_Stoch_Main_below_80 = True

LONG RISK: GREEN LIGHT
LONG_Stoch_Main_above_20 = True



* Stoch_Main_previous: 5.06072874494
* Stoch_Main_now: 24.9354005168
* Stoch_HighFrame_now: 7.93600907533

SHORT RISK: RED LIGHT
SHORT_Stoch_Main_crossed_below_Stoch_HighFrame = False

LONG RISK: GREEN LIGHT
LONG_Stoch_Main_crossed_above_Stoch_HighFrame = True


* Stoch_Filter_now: 23.1559346132

SHORT RISK: GREEN LIGHT
SHORT_Stoch_Filter_below_23_6 = True

LONG RISK: RED LIGHT
LONG_Stoch_Filter_above_76_4 = False



So we got:

SHORT RISK: 2 RED LIGHTs = 40 %
SHORT_PriceLine_above_76_4_OR_below_23_6 = True = GREEN LIGHT
SHORT_OriginLine_crossed_below_76_4 = False = RED LIGHT
SHORT_Stoch_Main_below_80 = True = GREEN LIGHT
SHORT_Stoch_Main_crossed_below_Stoch_HighFrame = False = RED LIGHT
SHORT_Stoch_Filter_below_23_6 = True = GREEN LIGHT

LONG RISK: 2 RED LIGHTs = 40 %
LONG_PriceLine_above_76_4_OR_below_23_6 = True = GREEN LIGHT
LONG_OriginLine_crossed_above_23_6 = False = RED LIGHT
LONG_Stoch_Main_above_20 = True = GREEN LIGHT
LONG_Stoch_Main_crossed_above_Stoch_HighFrame = True = GREEN LIGHT
LONG_Stoch_Filter_above_76_4 = False = RED LIGHT



Not sure if you where aware of it - or very possible I misunderstood something - which you have in your mind but never addressed. (or I did not notice)


Thanks MJ
__Thanks__ MJ
  • #1,137
  • Dec 4, 2008 5:39am Dec 4, 2008 5:39am
I have a special request for Lubo....I posted an indicator a few pages back that alerts to the priceline crossing 90 or 10. The idea being you don't have to sit at your computer all day waiting for set ups. Unfortunately the email doesn't work! Is it possible to make an indicator that will email you when the M5 100,3,3 crosses 10 down or 90 up so you can go to your computer and look for set ups? One programmer told me indicators don't email, only EAs can email. anyway I appreciate your feedback and thanks for the neat indicators to date.

FW
Isolate yourself from the herd
  • #1,138
  • Dec 4, 2008 6:43am Dec 4, 2008 6:43am
Quoting jdcompute
Why do you say that it's an early entry? Thanks for your time by the way!
The purple line...is the first entry and it ws early before the real price move....the second peak (I didn't mark) but you can see was the true entry. The early entry just means we ride it out a bit and we have to flex our stop a bit sometimes...but good idea to learn to recognize these.
  • #1,139
  • Dec 4, 2008 6:52am Dec 4, 2008 6:52am
Quoting M_j
hi Spud,

I have to admit I did not really completely understand what you said about your money management.

But I have two simple question - you may answer me with your vast amount of experience in this trading style.



1. Demo trade the entries until you can win 80%:

would you really say (from your own experience that get such high success rate is possible over a long time period?


2. How many TF-groups usually?

In your experience for let's say 10 pips gain: would we see a TF-group switch...

If you pick your trades and and watch the other time frames...and pick the convergence point or the convegence point entry...I do a whole lot better than 80%. The mechanical system....I don't think it will run 80% but I think if you use the mechanical system as a tudor the brain will kick in and learn the moves.

For 10 pips.....usually only in a tight range market. Having said that I use H1 more to confirm my lower time frames...I personally don't want to spend 20 hours in a trade....having said that...if market conditions are right and the escalator is on the move then I do ride it, if I feel like it.
  • #1,140
  • Dec 4, 2008 6:52am Dec 4, 2008 6:52am
Quoting CindyXXXX
Oh Lubo I dint know that thanks so much for taking a look

Cheers -
Well,

In my humble opinion can not be done. Then, however, would have the same problem of slowing down, because you have the same number of lines to calculate.
One way to overcome the slowdown is to limit the number of bars that the indicator should be calculated to draw the lines, such as there is in All Stochastic indi.

Cheers.

Lubo
If I know how, I tell You!! Few but Good!!
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