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Spud's Predictive MTF Stochastics

  • #1,421
  • Dec 31, 2008 7:31pm Dec 31, 2008 7:31pm
Quoting jdcompute
Where is everyone? No more postings?? Seems like it's dead.
Everyone just on holidays JD - Personally im not starting trading again till the 5th of Jan
Time hides Nothing
  • #1,422
  • Dec 31, 2008 7:46pm Dec 31, 2008 7:46pm
Quoting CindyXXXX
Everyone just on holidays JD - Personally im not starting trading again till the 5th of Jan
I see. Hope everyone has a happy new year's!
  • #1,423
  • Jan 6, 2009 9:46am Jan 6, 2009 9:46am
Attatched is screen shot and my interpretation of a multi stoch indi to match Spud's rules of closed bar values. It has user controls for 5 different stochs, can be different time frames and or different stoch settings. Defaults are:
all use simple and Low/High but user can also change those
stoch M5 14,1,1 yellow
stoch M15 14,3,3 white
stoch M30 14,3,3 aqua
stoch H1 14,3,3 royal blue
stoch H4 14,3,3, red

These will appear as stair steps, each stoch line carries the same value until the newest bar is closed in that stoch's time frame. The exception to that is if the chart time frame matches the stoch time frame then that line will wag with real time price changes. Note that lines for stoch time frames smaller than the chart time frame will not appear, that is you will not see a stoch M5 on charts longer than M5. This is easy to load since one indicator file makes all 5 lines at one time.

Feedback is welcome.


Attached File(s)
File Type: mq4 DME_HM_5Stoch1Line.mq4   6 KB | 792 downloads


Attached Image (click to enlarge)
Click to Enlarge Name: multistoch5line.gif Size: 23 KB
  • #1,424
  • Jan 7, 2009 6:23am Jan 7, 2009 6:23am
Quoting mooselover
Attatched is screen shot and my interpretation of a multi stoch indi to match Spud's rules of closed bar values. It has user controls for 5 different stochs, can be different time frames and or different stoch settings. Defaults are:
all use simple and Low/High but user can also change those
stoch M5 14,1,1 yellow
stoch M15 14,3,3 white
stoch M30 14,3,3 aqua
stoch H1 14,3,3 royal blue
stoch H4 14,3,3, red

These will appear as stair steps, each stoch line carries the same value until the newest bar is closed in that stoch's time frame. The exception...
Interesting - One thing though - i don't get it!
Time hides Nothing
  • #1,425
  • Jan 7, 2009 6:53am Jan 7, 2009 6:53am
its cool, especially that its one indicator. I guess the same info could be in the window using multiple MTF stoch v2.0 indicators. Just leave the color of the open bar to "none" and you will probably have similar data shown. I set the open bar to dotted line to try and predict the next closing level. Its still neat.

CindyXXXX, I'm doing the TKpower8 ATM we chatted about,but only entering on the first signal when the M15 stoch goes from overmarket to <80 or >20 and it seems very good.

FW
Isolate yourself from the herd
  • #1,426
  • Jan 7, 2009 6:54am Jan 7, 2009 6:54am
Sorry it doesn't just jump out at you!
I wish you were a bit more descript about what you don't get.
Spud's rules are to look at stoch values from the last closed price bar of the chart time frame the stoch is for. That is why he has individual time charts for each of the stochs he wants to follow.

I have seen two different indicators to show multiple TF stochs on one indicator window. Both had some draw backs for how I want to use them. For instance the indi "All Stochastics" will paint the stoch lines bar showing the curves as they would with stochs on their individual price charts however the data points do not line up with the price bars above them except for the most recent. If I want to study past possible trades I can't because the stoch position in history does not align with price.

The other nifty indicator is "#MTF Multi Stochastic". This one will have the current stoch points wag with real time price move making it difficult to judge where the closing stoch values were, have to drag cursor carefully to correct price for each different stoch to see the value so very time consuming if wanting to study historical trades. Because the current plot wagging it is less than ideal to judge current entries also. This one also interpolates where stoch might have been between price points so we have a smoothed line between the closed bars. I assume it is obvious, the stoch plot of close prices for M15 stoch when plotted on M5 price chart has only one stoch value for every 3 price bars.

My version will show the closed stoch value, the value Spud uses for entry determinations, until a new closed value arrives based on the time frame of each stoch. So on a M5 chart there will be one M5 stoch data piont for each price bar, 3 M15 stoch data points for each M5 price bar, 6 M30 stoch data points for each M5 price bar, 12 H1 stoch data points for each M5 price bar and 48 H4 stoch data points for each M5 price bar.

The current plot of all higher time frame stochs will not wag, it will show the last closed stoch plot. The exception is the stoch time frame matching the current price chart will wag with real time data movement.

I hope that helps. If not then put my indi on a M5 chart next to price charts for M15, H1, H4 with their stochs and compare a few data points between my indi and those higher time frame charts.
  • #1,427
  • Jan 7, 2009 7:44am Jan 7, 2009 7:44am
Quoting forexweasel
its cool, especially that its one indicator. I guess the same info could be in the window using multiple MTF stoch v2.0 indicators. Just leave the color of the open bar to "none" and you will probably have similar data shown. I set the open bar to dotted line to try and predict the next closing level. Its still neat.

CindyXXXX, I'm doing the TKpower8 ATM we chatted about,but only entering on the first signal when the M15 stoch goes from overmarket to <80 or >20 and it seems very good.

FW
Cool FXW like they say - take what works for you and throw the rest away -

Good Trading
Time hides Nothing
  • #1,428
  • Jan 7, 2009 7:46am Jan 7, 2009 7:46am
Quoting mooselover
Sorry it doesn't just jump out at you!
I wish you were a bit more descript about what you don't get.
Spud's rules are to look at stoch values from the last closed price bar of the chart time frame the stoch is for. That is why he has individual time charts for each of the stochs he wants to follow.

I have seen two different indicators to show multiple TF stochs on one indicator window. Both had some draw backs for how I want to use them. For instance the indi "All Stochastics" will paint the stoch lines bar showing the curves as they would with...
Ahh brilliant ok - very nice - I guess I should in future at least donwload the indicator first before asking silly questions thanks a lot
Time hides Nothing
  • #1,429
  • Jan 9, 2009 1:49am Jan 9, 2009 1:49am
Hi all,

The NEW Year is here and I would like to know if anyone of you would be interested in improving our trades base on Spud's Multi TimeFrame Stochastic ideas.


See my initial post

Quoting M_j



TOGETHER WE ARE STRONG !

I think we would need at least 3-5 people who are committed at least for about a month - most helpful would be when Spud himself would also join.

Anyway, let me know (in the next few days) if you would like to join such effort. And then we could discuss how to to it most practicable.


regards MJ
__Thanks__ MJ
  • #1,430
  • Jan 9, 2009 6:46am Jan 9, 2009 6:46am
well just wanted to show a precise small retreat catch (BUY) in a overall 200+ downward move.

Based on Spud's MTF Stochastic.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot-2.png Size: 25 KB
__Thanks__ MJ
  • #1,431
  • Jan 9, 2009 6:48am Jan 9, 2009 6:48am
Quoting M_j
Hi all,

I think we would need at least 3-5 people who are committed at least for about a month - most helpful would be when Spud himself would also join.

Anyway, let me know (in the next few days) if you would like to join such effort. And then we could discuss how to to it most practicable.


regards MJ
Hello M_j,

Yes, I'd be up for that.
TTFN Merlyn
  • #1,432
  • Jan 9, 2009 6:57am Jan 9, 2009 6:57am
Quoting Merlyn
Hello M_j,

Yes, I'd be up for that.
Excellent Merlyn - I think we wait a couple of days (properly some might get back from x-mas, New Years break coming Monday.)


The main thing is - I personally want to know if Spud's ideas are as a 'SYSTEM' profitable and approximately in which %.


in my opinion many people jump to fast from one system to the next without proper checking what a trading idea could produce.


So as for me I still like what Spud shared and see potential in it.

I'm more than happy to have you join in a common effort to discover more and learn from each other.

looking forward MJ
__Thanks__ MJ
  • #1,433
  • Jan 9, 2009 7:32pm Jan 9, 2009 7:32pm
Quoting mooselover
Attatched is screen shot and my interpretation of a multi stoch indi to match Spud's rules of closed bar values. It has user controls for 5 different stochs, can be different time frames and or different stoch settings. Defaults are:
all use simple and Low/High but user can also change those
stoch M5 14,1,1 yellow
stoch M15 14,3,3 white
stoch M30 14,3,3 aqua
stoch H1 14,3,3 royal blue
stoch H4 14,3,3, red

These will appear as stair steps, each stoch line carries the same value until the newest bar is closed in that stoch's time frame. The exception...
That's a very nice indicator..in fact it is nice to see the thought gone into this. I'm going to take a good look at this, but my quick glance and your explanation seems to be right on.
  • #1,434
  • Jan 9, 2009 7:34pm Jan 9, 2009 7:34pm
Quoting M_j
Hi all,

The NEW Year is here and I would like to know if anyone of you would be interested in improving our trades base on Spud's Multi TimeFrame Stochastic ideas.


See my initial post



I think we would need at least 3-5 people who are committed at least for about a month - most helpful would be when Spud himself would also join.

Anyway, let me know (in the next few days) if you would like to join such effort. And then we could discuss how to to it most practicable.


regards MJ
Not sure I could commit to such a project as I have several on the go. However, I wouldn't mind following along and taking a look at what you are developing..and thro wany comments in I do have.
  • #1,435
  • Edited 7:28am Jan 10, 2009 2:29am | Edited 7:28am
Quoting Spudfyre
Not sure I could commit to such a project as I have several on the go. However, I wouldn't mind following along and taking a look at what you are developing..and thro wany comments in I do have.

Thanks for your feedback Spud (so I do not count with you).



Anyway - I'm still not sure if it works out as a pure 'system'.



On a positive note:

* The automatic systems overall stability has improved a lot - so as much that I could use it in live trading.

* After my last technical report I actually went one step further and implemented 6 Time Frame Level.

* Did a lot of reorganising of the code.

* all together I can configure 103 related checks for LONG and 103 for SHORT entries.

So far I'm satisfied with the Bot.


On the testing side: I changed my approach for the time being: I use only one currency (EUR/USD - if it proves ok will experience later on with others)



My first test phase (with low time frames) I expect to finish in 2-4 weeks).




Still hope that some others will join myself and Merlyn in an common effort: --> see

Quoting M_j



TOGETHER WE ARE STRONG !




I decided to do it in a separate Journal thread: you can find it under: http://www.forexfactory.com/showthread.php?t=144270 START Monday 19th January.


Quoting M_j
HELLO,

This will be a trading journal related to Spud's MTF Stochastics approaches.


for more info see:
MJ
__Thanks__ MJ
  • #1,436
  • Jan 10, 2009 2:27pm Jan 10, 2009 2:27pm
Quoting mooselover
Sorry it doesn't just jump out at you!
I wish you were a bit more descript about what you don't get.
Spud's rules are to look at stoch values from the last closed price bar of the chart time frame the stoch is for. That is why he has individual time charts for each of the stochs he wants to follow.

I have seen two different indicators to show multiple TF stochs on one indicator window. Both had some draw backs for how I want to use them. For instance the indi "All Stochastics" will paint the stoch lines bar showing the curves as they would with...
=======================

Hi

Is this reflecting your idea
The individual indic matches to a certain tolerance the global set of indicators shown in one chart--except the white ones --
---------------------
The main question remains:
What would be the steps to use in order to open a trade??
Is this set of indic enough to rely on it to open a trade?
-------------------------------
Rgds
Attached Image (click to enlarge)
Click to Enlarge Name: 10-to mooselover ff-gif.GIF Size: 85 KB
  • #1,437
  • Jan 10, 2009 5:28pm Jan 10, 2009 5:28pm
chehab,
The white line of your single stoch plot on chart time M15 has an opening bar time of 23:15 (Eastern+7, same as my broker). I believe the current M5 bar on your chart has start time 23:25. That would be in the middle time range of the M15 chart bar that started at 23:15.
That bar will stay open for 15 minutes and in that time that stochastic can wag up and down with price.

My indicator will only plot values of the higher time frame stochastics based on closed bars for each of their time frames. So in this case any time from 23:15 up til the end of 23:29 the white line of my indicator will show you the stoch value from the M15 chart for bar labeled with start time 23:00 because that bar is the last closed bar on the M15 chart. It closed a second before 23:15. This would also be true for the M30 stoch, H1 stoch and H4 stoch but each has it's own bar close time, sometimes they line up to be the same time. For instance every time the H4 bar closes all the charts below that time frame will also close. But every time a lower time frame bar closes it does not necessarily mean the higher time frames bars are also closing.

Make your M15 chart candles as wide as possible and place the cursor on the M15 stoch line exactly at the 23:00 bar and read the stoch value in a little data box that appears or open the View>Data Window and view the value there when your sursor is on the 23:00 bar.
  • #1,438
  • Jan 12, 2009 7:15am Jan 12, 2009 7:15am
  •  Trader#82BE
  • | Status: Unregistered Trader
Quoting M_j
Hi all,

The NEW Year is here and I would like to know if anyone of you would be interested in improving our trades base on Spud's Multi TimeFrame Stochastic ideas.


See my initial post



I think we would need at least 3-5 people who are committed at least for about a month - most helpful would be when Spud himself would also join.

Anyway, let me know (in the next few days) if you would like to join such effort. And then we could discuss how to to it most practicable.


regards MJ
would absolutely be interested as I need to learn more, no doubt
  • #1,439
  • Jan 12, 2009 7:59am Jan 12, 2009 7:59am
Quoting macK
would absolutely be interested as I need to learn more, no doubt

hi macK,

nice too hear you want to join our trading learning effort based on Spud's MTF Stochastic.

We will be starting on Monday 19th Januarry. There are a couple of requirements listed on : http://www.forexfactory.com/showthread.php?t=144270

Basically at least some understanding of Spud's teaching as each once trading MUST be based on it (but free to tweak add other filters or what so ever seems useful)


Some other requirements:


Each one who participates:

* as a start will need to be committed for about 2-4 weeks


* opens a 100000 (EURO Home currency) demo account with any preferred broker
( I will be using Oanda)


* trading will be started on Monday 19th January

* each one is required to trade his/her system based on Spud's MTF Stochastic. (Escalator to PIPs, Rope, Mechanical Rules ..... and so on ..)

personal adjustments and tweaks are encouraged as we want to find out if and to what extend the system is successful.


* to make comparisons and such easier only one currency pair EUR/USD is allowed.


* in an appropriate time (maybe daily or so) each one is supposed to post the transaction log (maybe as screen shot) or attachment, as well as Account Balance ect..


* for the time being there is no need to explain each trade or the exact setups as it should be only a way to show transparently what people can produce by trading Spud's MTF Stochastics.


Be aware that this is some work for each one of us - so we want to take it seriously ;-)

MJ
__Thanks__ MJ
  • #1,440
  • Edited 7:25pm Jan 12, 2009 6:55pm | Edited 7:25pm
Hi All,

Try to compare attached Stochastic_Standard_4TF_cja.mq4 and DME_HM_5Stoch1Line.mq4, for example in TF 5M, you can see the M15 Stoch of DME_HM_5Stoch1Line.mq4 is not tally with TF 15m with 15m stoch only. 4TF_cja is more accurate. Check and see.

template is included, all stoch set to 14,3,3; H/L; close
red=m5
yellow=m15
blue=m30
green=h1

As such, combine 4TF_cja with DME's features (5 Stochs) would be nicer.
Attached Image
Attached File(s)
File Type: mq4 Stochastic_Standard_4TF_cja.mq4   13 KB | 727 downloads
File Type: tpl stoch 4tf cja.tpl   3 KB | 614 downloads
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