bringin sexy back - stochastics

Quoting Westie

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Hi stoch heads,
Nice thread, just wondering if you always wait for bar close after the 5 makes the cross, or does it depend on the situation?

thanks guys

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Quoting boxingislife

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im gonna be honest with u guys my gf is driving me nuts. like extremely insane. and out of this whole madness and her paranoia and her crazyness and her shadyness, i get a message from this awesome chick i met last week
some things u just never expect and could make things so much better

""she goes hey i called u but ur phone was off and i just wanted to see when i can see u. kisses""

not that anybody cares just thought id share. man im so not used to it. i grew up in the states and girls there are different than girls here in lebanon.

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Quoting fxnorth

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Hello People

Firstly, good stuff Boxingislife for your enthusiasm and help to all the FX chickadees out there, I hope College and trading is going well for you. This thread has gone a little quiet lately, which usually means one of two things, people cant make it work and are hunting for something easier or they are making bullion and dont need help anymore. I hope it's the latter.

Personally, I love stochastics and have used them as my core methodology for over 6 years trading live. Some great EA's have come out of it but the damn thing about stochastics is that you do need the human input and there are too many variables to program on what can be 'simply' gained by viewing the chart. Ha! Simple. After trading 20 hours a day for over 4 years its no wonder you start making an EA to lighten your load.

However, I digress. This is a hard wearing methodology and will withstand anything thrown at it so carry it through and you will become very proficient just like Boxingislife.

I thought you all might enjoy some 'bells and whistles' to assist with not having to view the screen constantly. Each of the indicators attached have the option of enabling a audible alarm which will activate once trend changes. For those of you that are utilizing a Heiken Ashi as an additional filter, there is one that sits in it's own window like a stochastic (so it does not flood your chart) and the upside of this too is that you may wish to overlay your stochastics over the top. For this reason I have attached 2 Heiken Ashi's, one with very light colors (Heiken Ashi LC) and the other darker shaded.
Furthermore, find attached the Moving Average Crossover indicator which also has the optional audible alert and even email alert. I have hard coded the settings according to those whom follow the pdf notes Melpheos typed, so there is no need to input anything, simply attach to chart and all is set.
Heiken ashi requires that you set the alert mode to (1) when you attach it so as to enable audible feature.
Heiken ashi will sound a few times when the direction is swinging so dont go hunting for a way to turn it off, as it will do so once the directional change is confirmed and a new sound is made. At this time a window will appear showing details of the alert an price levels applicable, simply press OK and all shall be fine.
Moving average crossover alert can be altered to whatever values you wish. With regard to FastMA Mode the following numbers are equivalent to these settings - 0=sma, 1=ema, 2=smma, 3=lwma and 4=lsma.
Fast price mode and slow price mode can also be adjusted if you prefer close analysis of price over open etc. The allocation for those settings are - 0=close (I have set as default) 1=open, 2=high, 3=low, 4=median, 5=typical and 6=weighted.

Anyway, hope these are of some help.

All the best.

FxN

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Quoting melpheos

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as you might have seen, i am probably the person who gave the warmer welcome to this strategy (even written a modified guide and worked some time to find a very good filter and still working even if i dont believe i can find better than the nonlagma)

As for the reason why the topic is not very active, honestly i have no clue.

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Quoting Rialto

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Boxingislife,

I noticed that in your post #739 you've changed your Stoch numbers to 20,1,20; 50,1,20; 14,3,3; and 100,1,30.

Do you find that these figures are more successful than your original template? I'm seriously trying to understand just how to read these stochs since they really have been successful for many. Thanks.

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Quoting fxnorth

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Hello

As promised find attached the Moving average crossover and Heiken Ashi.
Heiken Ashi LC (Light color) is the one to use if you wish to paste the
stochastics over the top. Regarding this version of Heiken ashi, I am not thrilled with it and actually turn
the alert off most of the time on the lower time frames as it can be a
real pain during whipsaw markets. To be honest, I dont use it but many find it helpful.

Furthermore along with keeping things simple, you can become addicted to 'finding that one extra indicator' until one day you look at the screen and the chart is awash with lines and all sorts of confusion. Minimize and your decision actually becomes easier. Hell, whats the worst that can happen? Trade goes against you and thats what stops are for.


Additionally, I have added another indicator (EJ Signal with alert) that I find
better than the MA crossover because it allows you stay in the trade
longer without be whipped in and out by price spikes. It works by a
mathematical calculation over a range of bars +/- the risk figure. I
have set the risk at 4 which is a pretty good setting but feel free to
play around with it on different time frames. You will note that 4 on
the M15 and H1 allows magnificent capture of pips if you use this
indicator purely as exit tool. For this reason the alert is a relief in
order to walk away from trade and not be glued constantly to screen. The 'Bars' input which is set to 1000 is merely the number of bars/candles you wish to analyze with the indicator looking back at history. If you wish to scroll back further to see how the indicator performed, just increase the Bar number.

Hope these help you out.


FxN

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Quoting boxingislife

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fxnorth

thank you very very much for the amazing info


melpheos

cant thank you enough buddy

same for all the others

broke it off with my girl and got an exam tomorrow. so been a little busy

by the way if anyone remembers that monthly usdcad chart i posted like 10 pages back or so well price was around 1.1700 right now price is around 1.1400 so yea nice 300 pips in a few weeks. i been selling small amounts since 1.1700 and everytime i get a signal on the smaller timeframes.

also gbpjpy i literaly milked that pair since 234.00's with multiple positions basically since the gbpjpy. basically took the signal according to the daily and added when smaller time frames gave signals. im up over 200 pips since friday i think.

fxjourney

thanks for the advice on girls lol

take care everyone

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Quoting boxingislife

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fxnorth

it was all up to me to break it off and i feel ten times better now. she has a problem with admitting shes wrong when she is. obviously when someone breaks up with a girl shes basically doin somethin wrong. well in her opinion shes not and its all my fault.

i miss the ropes man. its been a while

everyone check out gbpusd 4h. might be a bit late to go in right now but u can do small amounts and bank some pips. i have a feeling this beast is going near 2.0000

same with gbpchf watch out for a move up

eurchf is retracing so it could be a nice trade. when it consolidates enter.

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Quoting beeker

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Something I have noticed after reading TEB63's thread (VERY good thread) is that when the 4 hour 5,3,3 stochastic and only the 5,3,3 stochastic is in agreement with a signal we get on the 1 hour (TEB uses daily, 4H, 30 min) it has a higher probability of working, and usually will be a bigger move.

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