bringin sexy back - stochastics | Page 117 | Forex Factory

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bringin sexy back - stochastics

  • #2,321
  • Apr 1, 2009 2:47am Apr 1, 2009 2:47am
Quoting supremeChaos
Aneliane,
it's really simple. boxingislife said it...



put in a Stoch indicator in a chart as u would any indicator. then DRAG ANOTHER Stochastic indicator anywhere inside the 1st Stoch's chart window. do the same for the third Stoch. this applies to almost any indicator available.
Hope u finally get it working.
Thank you for your answer supreme chaos but sorry I am using FxPro Metatrader 4 demo and there is no way to take and drag an indicator from a window to another
What system are you using?
Cheers
  • #2,322
  • Apr 1, 2009 4:47am Apr 1, 2009 4:47am
Quoting Aneliane
Thank you for your answer supreme chaos but sorry I am using FxPro Metatrader 4 demo.
Cheers
here is how to do it on metatrader.

1. create one of the stochastic oscillators as normal so that the stochastic window shows at the bottom of your chart.

2. go to navigator -> indicators -> stochastic oscillator

3. click on the button stochastic oscillator and then drag into the first stochastic window

picture attached.
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  • #2,323
  • Apr 1, 2009 9:13am Apr 1, 2009 9:13am
Quoting pipping4life
hey guys, im a new member on FF, although i've been reading these forums for a few months as a guest. I have been very interested in this strategy created by boxingislife.

I came across this strategy a week back, it really does work. After reading through the entire thread and looking at all the different indicators i decided to only trade based on the original settings (on page 1) that were set by boxingislife. i backtested the last 3 months on GBPUSD ONLY and it has around a 75% success rate based on the last 3 months (i will backtest it more)....





Hello, i am a trader from Lithuania and me too trying this method, it looks very nice to me

You are write we have to bring this method back to life again!

I will post my trades too, to show was it good setup or not and to discuss it together

Nice peeping!
  • #2,324
  • Edited Apr 2, 2009 7:27am Apr 1, 2009 12:30pm | Edited Apr 2, 2009 7:27am
here is a trade im currently in, aim is again 30 pips. i changed the fast stoch to (4,2,2) from (5,3,3) as i've noticed it gives slightly earlier entry on moves, will post later how the position went. I only like to take trades in gbpusd and eurusd as they aren't so volatile pairs and are more reliable. Again perfect setups.

Edit: made a loss on the position, it happens....
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  • #2,325
  • Apr 2, 2009 2:54pm Apr 2, 2009 2:54pm
Quoting pipping4life
here is how to do it on metatrader.

1. create one of the stochastic oscillators as normal so that the stochastic window shows at the bottom of your chart.

2. go to navigator -> indicators -> stochastic oscillator

3. click on the button stochastic oscillator and then drag into the first stochastic window

picture attached.

Bravo...brewski on me!!
  • #2,326
  • Edited 4:03pm Apr 2, 2009 3:03pm | Edited 4:03pm
Hello, as i said i will keep posting my trades, so hear is the one i took today.


I recognised a triangle wich as i think is a continuention pattern, also there was as i thought a ""sligshot"" forming so i got after the close of marked candle, after soem time i got my SL hit at + 40





p.s. as you can see there were better entries earlier, but i missed them

p.s.s. what do you think there the EUR is heading?
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  • #2,327
  • Apr 3, 2009 8:19am Apr 3, 2009 8:19am
Stochastics work well on the 5M chart if you can take the pace of it...here are 3 trades that could have been taken 2day. with 5M charts i would change my Take profit to +15 pips and my stop loss to 20 pips as it is a shorter timeframe. So far today there were 45 pips to be made.
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  • #2,328
  • Apr 3, 2009 10:01am Apr 3, 2009 10:01am
Hello, yeag nice trades on 5 min chart, but i didnt get them, because i was sleeping


I checked the chart and noticed that first trade you took , wasnt it too early? I mean dont you wait for the corss to form and candle to close?please explaine if you dont mind


I am really excited this this method, and i think the main thing is - LOOK FOR PERFECT SETUPS!
  • #2,329
  • Apr 4, 2009 1:25am Apr 4, 2009 1:25am
Quoting zajcik
Hello, yeag nice trades on 5 min chart, but i didnt get them, because i was sleeping


I checked the chart and noticed that first trade you took , wasnt it too early? I mean dont you wait for the corss to form and candle to close?please explaine if you dont mind


I am really excited this this method, and i think the main thing is - LOOK FOR PERFECT SETUPS!
he knew the trend was up and it was some devilish resistance...I would have took this without even using the tech set up(cross), price action was perfect for a good bounce
  • #2,330
  • Apr 4, 2009 8:24am Apr 4, 2009 8:24am
Hello again, now i see i wasnt looking and thinking about trend and resistance

please people who are trading this method post soem examples



Boxingislife are still somewhere hear? Join us!
  • #2,331
  • Apr 6, 2009 2:14pm Apr 6, 2009 2:14pm
Piping4life how could i contact you?
  • #2,332
  • Apr 7, 2009 1:26pm Apr 7, 2009 1:26pm
hey guys,

sorry with the delayed posts, im doing a thorough back test of the slingshot strategy. i've done a 1 year backtest based on the 15min Timeframe and now doing a 6 month backtest based on the 5min timeframe to see which method is more efficient...the 15min timeframe has given wicked results . After i've done the backtest and figured out the preferred method i will trade that consistently, if ur interested in seeing the backtest let me kno and i will post it next time.

zajcik i shall message u mate. Btw will try n post some more feasible trades.
  • #2,333
  • Apr 7, 2009 2:40pm Apr 7, 2009 2:40pm
Ok, another trade i took, but sory for the delayed post, i was a little busy and a little lazy


ok, actually there were two good trades on 1H timeframe but i took only the first

I took the first trade after the close of the marked candle, all i can say this was great setup : both 20 and 50 are heading down, 5 is pulling back and then forms a cross. Bu my entry was a little early, before the corss, because i was thinking this is a perfect setup + not bad candle formation + that candle was on 23.6 fibo level, so i took the trade and it was nice


p.s. people if anybody are interesting it this system and are trading it, please post your charts, lets discuss it together to benefit together
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  • #2,334
  • Apr 8, 2009 2:54am Apr 8, 2009 2:54am
Hi pipping4life

I would like to see your results and which pairs are best to trade

thanks in advance

Terry
  • #2,335
  • Apr 8, 2009 6:56am Apr 8, 2009 6:56am
thats some nice work you guys are doing. Remember to include examples of your losing trades as there is much to be learnt from these
BTC Return This Year: na
  • #2,336
  • Apr 8, 2009 9:13am Apr 8, 2009 9:13am
Quoting M.A.C.Doug
thats some nice work you guys are doing. Remember to include examples of your losing trades as there is much to be learnt from these


Nice to see you M.A.C.Doug

Ok. i will post losing trades but i can say that i am not very long trading this strategy and didnt got any loosing yet but i think its only luck, because you cant be 100% accurate

Ok this is the trade i took and got a little scared because of price moving not like i would like it to move dont be too judgy i am not a profesional yet

So i got out with +12 but its nice to be + a little rather that be - alot


p.s. i got in a little early , u think i should work on it - not to get in too early


p.s.s. yeah, and one more thing in future i will be posting examples with support of higher timeframes. It would be very nice if al who post charts , would explaine their SL , TP and support of higher TF if anybody is looking at it
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  • #2,337
  • Apr 8, 2009 9:11pm Apr 8, 2009 9:11pm
ok will post backtest results in a few days, TRUST ME backtesting 5 Min timeframe for 6 Months takes ages, so far so good....i shall post some losing trades wen i see them, on average there is about 1 losing trade out of every 3/4 winning ones, M.A.C Doug i see that ur fav book is also Trading In The Zone, the book completely changed my perspective of trading and i have now taken a different approach to it, before i was making silly trades and lost a considerable amount of money (more than half my account), but now with proper discipline and sticking to one trading plan (sexy stochastics) i have slowly recouped some losses, however will only start trading again properly after im done with the backtesting.

The backtesting i have done is for GBPUSD alone and it provides a good enough return on investment to not have to trade any other pairs! Although u can be adventurous and try out other pairs .

Will post results soon!
  • #2,338
  • Apr 12, 2009 3:15pm Apr 12, 2009 3:15pm
I do not know if I did meationed in the thread, but anyway, using other indicator to help you well better to see the trend is heading

Aroon, and WPR, also ADX do help you to see the trend better
  • #2,339
  • Apr 12, 2009 3:31pm Apr 12, 2009 3:31pm
ok, mtupers i will check the indicators, what settings do you offer for aroon?
  • #2,340
  • Apr 12, 2009 4:14pm Apr 12, 2009 4:14pm
ok guys,

i've almost finished with the backtesting, done backtesting this method on the 1H timeframe for 1 year long, 15M timeframe for 1 year long and the 5M timeframe for 9 months...the results are unbelievable seriously! just shows that this sytem is soo good. post back 2moro with the results.
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