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Spud's Predictive MTF Stochastics

  • #1,241
  • Dec 8, 2008 7:36am Dec 8, 2008 7:36am
Quoting forexweasel
Hey, show us your trend line!
Sure
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Time hides Nothing
  • #1,242
  • Dec 8, 2008 7:42am Dec 8, 2008 7:42am
Quoting CindyXXXX
Sure
so you're more confident shorting if the price breaks that trend line?
Isolate yourself from the herd
  • #1,243
  • Dec 8, 2008 7:47am Dec 8, 2008 7:47am
Quoting forexweasel
so you're more confident shorting if the price breaks that trend line?
Yes but trendlines are subjective and can be drawn differently by different people but its a start... I wish there was a more concrete way to filter these days - it kinda makes you miss the ranging we had last week.

Anyway here in Australia its going to rain one day soon the same way the EUR is going to drop sometime sooner or later! The question is when.
Time hides Nothing
  • #1,244
  • Dec 8, 2008 7:50am Dec 8, 2008 7:50am
Maybe Spud can put his massive brain to work and come up with the "safest" entry, even if it only nabs a few pips it would be great. When he post his charts, he definitely shows many more winners than losers so the system should be with us, but I hate to lose!!! Once is bad, twice in a row messes with my confidence. I'm not sure my brain indicator is working right now.
Isolate yourself from the herd
  • #1,245
  • Dec 8, 2008 8:12am Dec 8, 2008 8:12am
Quoting forexweasel
Maybe Spud can put his massive brain to work and come up with the "safest" entry, even if it only nabs a few pips it would be great. When he post his charts, he definitely shows many more winners than losers so the system should be with us, but I hate to lose!!! Once is bad, twice in a row messes with my confidence. I'm not sure my brain indicator is working right now.
I hear ya I'm sure he's prob already onto it - One more thing about the trendlind line is if price is way above it and theres plenty of pip room to the trendline then ive noticed it can also be safe to trade back to the trendline with maybe the TL as your target....

But remember I'm no Spud just something you can look out for yourself

Days like this it seems elasticity seems the way to go but I don't really know how to trade this right un less the 4hr and 1hr are in the right positions. But I'm sure theres a way somehow
Time hides Nothing
  • #1,246
  • Edited 8:28am Dec 8, 2008 8:14am | Edited 8:28am
there's actually another short signal right now, but well above your trendline. My plan is to wait until the 15 closes under 80 pointing south, then I'll go short with a 10 pip TP and the SL at the peak plus the spread. Lets see if I can break my losing trend of 2 so far today

never mind as I can see the M15 won't cooperate, saving me from three strikes for today!
Isolate yourself from the herd
  • #1,247
  • Dec 8, 2008 8:27am Dec 8, 2008 8:27am
These days make you feel stupid for even contemplating a sell!

That entry bounced right off (a) trendline. THis is what i mean about how they can be drawn many different ways and why its probebly not the best guide - but still better than nothing
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Time hides Nothing
  • #1,248
  • Dec 8, 2008 8:34am Dec 8, 2008 8:34am
Quoting CindyXXXX
These days make you feel stupid for even contemplating a sell!

That entry bounced right off (a) trendline. THis is what i mean about how they can be drawn many different ways and why its probebly not the best guide - but still better than nothing

Whenever I try to use a trendline for support, it breaks down! I got an "F" in trendlines.
Isolate yourself from the herd
  • #1,249
  • Dec 8, 2008 8:50am Dec 8, 2008 8:50am
Quoting forexweasel
Whenever I try to use a trendline for support, it breaks down! I got an "F" in trendlines.
From what I've heard from experienced S/R traders diagonal trendlines are pretty weak in comparision with horizontal trendlines they are only stronger when they coincide with horizontal TL's. Mainly for the fact they are so subjective but this is another thread
Time hides Nothing
  • #1,250
  • Dec 8, 2008 10:09am Dec 8, 2008 10:09am
Well, you want believe that - but I installed today a Windows system in a Virtual Machine just to be able to use Meta Trade 4 -- to follow Spud's explanations better.

And to use all this nice indicators people program here ;-)

I tested today to execute always 3 trades: 5 PIPs, 10 PIPs 15 PIPs TakeProfit. was qite successful on EUR/USD every single hit.

With 3 trades it makes 90 PIPs.
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__Thanks__ MJ
  • #1,251
  • Dec 8, 2008 10:26am Dec 8, 2008 10:26am
Quoting M_j
Well, you want believe that - but I installed today a Windows system in a Virtual Machine just to be able to use Meta Trade 4 -- to follow Spud's explanations better.

And to use all this nice indicators people program here ;-)

I tested today to execute always 3 trades: 5 PIPs, 10 PIPs 15 PIPs TakeProfit. was qite successful on EUR/USD every single hit.

With 3 trades it makes 90 PIPs.
Looks like you were taking your entries off the 15m chart?

test it on the 24th of November and see how you go
Time hides Nothing
  • #1,252
  • Dec 8, 2008 10:48am Dec 8, 2008 10:48am
Quoting CindyXXXX
Looks like you were taking your entries off the 15m chart?

test it on the 24th of November and see how you go
If you use the combinations and the M15 stoch locations, there is only 1 good entry for the Nov 24th.

I'll spend some more time explaining this, so we don't suffer from the trends so much. You can also trade with the trend...but of course that can still bite you.
  • #1,253
  • Dec 8, 2008 10:50am Dec 8, 2008 10:50am
Quoting M_j
Well, you want believe that - but I installed today a Windows system in a Virtual Machine just to be able to use Meta Trade 4 -- to follow Spud's explanations better.

And to use all this nice indicators people program here ;-)

I tested today to execute always 3 trades: 5 PIPs, 10 PIPs 15 PIPs TakeProfit. was qite successful on EUR/USD every single hit.

With 3 trades it makes 90 PIPs.
M_j! I'm so glad you've joined the MT4 crowd
  • #1,254
  • Dec 8, 2008 11:10am Dec 8, 2008 11:10am
Quoting M_j
I tested today to execute always 3 trades: 5 PIPs, 10 PIPs 15 PIPs TakeProfit. was qite successful on EUR/USD every single hit.

With 3 trades it makes 90 PIPs.
Isn't that 30 pips total not 90?
If you're splitting your lots into 3, and you're getting an avg of 10 pips per trade thats 30 pips in 3 trades.
Just focus on the pips. The rest is insignificant.
  • #1,255
  • Dec 8, 2008 12:47pm Dec 8, 2008 12:47pm
Hallo,

I have good news for M_j and other non-windows-users out there: MT4 is runinng well under wine (the windows emulation for X) without too much restrictions. Try it. I can recommend it after using it for some month.

Unfortunately, I am not so happy with the session today. Especially after London opening (yes, I know, most of You were sleeping ;-)) I was not very successful gaining pips with this method. The trend was running and running but with PMTFS I felt to be bound to those small retracements. Maybe it would have been better to switch to a method which works better in a strong trend? But how can I decide which method to take?

Many thanks to all active writers in this thread
Rascasse

Quoting M_j
Well, you want believe that - but I installed today a Windows system in a Virtual Machine just to be able to use Meta Trade 4 -- to follow Spud's explanations better.

And to use all this nice indicators people program here ;-)

I tested today to execute always 3 trades: 5 PIPs, 10 PIPs 15 PIPs TakeProfit. was qite successful on EUR/USD every single hit.

With 3 trades it makes 90 PIPs.
  • #1,256
  • Dec 8, 2008 10:25pm Dec 8, 2008 10:25pm
Quoting Rascasse
Hallo,

I have good news for M_j and other non-windows-users out there: MT4 is runinng well under wine (the windows emulation for X) without too much restrictions. Try it. I can recommend it after using it for some month.

..
Rascasse
Thanks Rascasse,

I did not really think about wine. Normally I use just Linux only apps.

Well I keep for the time being the the Windows in a virtual image as I'm not planning to switch to MT4 for my Live broker. (at least at the moment but who knows the future).

So this is good info.

MJ
__Thanks__ MJ
  • #1,257
  • Edited Dec 9, 2008 1:40am Dec 8, 2008 10:43pm | Edited Dec 9, 2008 1:40am
Quoting ayaz
Isn't that 30 pips total not 90?
If you're splitting your lots into 3, and you're getting an avg of 10 pips per trade that's 30 pips in 3 trades.

I suppose we are both right - depending how one sees it.

If one splits the trade size as I actually do - you make a good point.

But than - one would have to average all your trades.


That's actually why I personally do not like the way many traders (sorry Spud including you - and on this thread me ;-) about Profit Loss.

I normally use percentage. And here Spud is absolutely right: It depends how much value you put into a trade.


hi Spud,

I was wondering you mention so often about your 20 Pips a day and the Pips Bank and putting value into your Pips.

But would you mind sharing how many percentage of your available Money you actually put into a single trade?

And what average return percentage do you expect trading your system live ?


Putting value into Pips can mean different things: a 1000 000 account using 0.25 % (2 500) as Margin or a 5000 account using 50% (2 500) . I would prefer the first way to trade - not yet completely there.http://www.forexfactory.com/images/icons/icon12.gif


MJ
__Thanks__ MJ
  • #1,258
  • Edited Dec 9, 2008 12:29am Dec 8, 2008 11:58pm | Edited Dec 9, 2008 12:29am
as I'm new the MetaTrade4 I have a question:

I see in Spud's sonicpmtf template indicator list that he uses

'Stochastic Oscillator' and then 4 times just 'Stochastic'


1. anyone knows what is the difference if any? 'Stochastic Oscillator' vs. 'Stochastic'

2. is there a way to link multiply charts with different periods - so that if I move (Chart shift) one the others move with it according to time?


MJ
__Thanks__ MJ
  • #1,259
  • Dec 9, 2008 3:50am Dec 9, 2008 3:50am
Yes thats exactly it MJ, if you have multiple exits you need to average the pip gain or loss for each individual trade.

Otherwise you could make ONE pip but buy ten 0.1 lots and say you made 10 pips! lol





Quoting M_j
I suppose we are both right - depending how one sees it.

If one splits the trade size as I actually do - you make a good point....
Just focus on the pips. The rest is insignificant.
  • #1,260
  • Dec 9, 2008 6:09am Dec 9, 2008 6:09am
Quoting M_j
as I'm new the MetaTrade4 I have a question:

I see in Spud's sonicpmtf template indicator list that he uses

'Stochastic Oscillator' and then 4 times just 'Stochastic'


1. anyone knows what is the difference if any? 'Stochastic Oscillator' vs. 'Stochastic'

2. is there a way to link multiply charts with different periods - so that if I move (Chart shift) one the others move with it according to time?


MJ
I don't know about this template, but stochastic e stochastic oscillator are the same, the difference is only that stoch oscillator is built-in and locked with MT4(can not modify the source code), the simple stoch is included in the custom indicator folder(can be modify) . Another difference is that stoch oscillator has the possibility of change ma method and price tha simple stoch have not, but this feature is not considered in Spud Rules.

I don't understand what u mean about chart link.

Cheers.

Lubo

P.s Where is Spud? has gone on vacation?
If I know how, I tell You!! Few but Good!!
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