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Craig Harris Stochastics Method

  • #1,501
  • Apr 2, 2010 8:29am Apr 2, 2010 8:29am
By the way if I was home yesterday. i would have taken 4 trades and won all of them.

gbpusd
eurjpy
eurusd
usdcad
KYSS - KEEP YOU SCREEN SIMPLE - GO WITH THE HEARD - TREND IS YOUR FRIEND
  • #1,502
  • Apr 2, 2010 11:59am Apr 2, 2010 11:59am
Quoting carlen68
By the way if I was home yesterday. i would have taken 4 trades and won all of them.

gbpusd
eurjpy
eurusd
usdcad
Many thanks for your charts.

You said that now you're trading this method right. But i know that Craig puts stoploss above/below previous swing high/low. He does not use 50 pips stop.

Could you also answer my other question?

Quote
wanted you ask you about taking trades when the reveversal candle break is near 23.6 level, for example 5 pips or sometimes at that level. How much distance do you need to 23.6 to risk 50 pips stoploss. Do you have TP always at 23.6 level? On that eur trade i see that you exited near 50 fib level. Any advices on TP's?

Thanks.
  • #1,503
  • Apr 2, 2010 12:49pm Apr 2, 2010 12:49pm
Quoting Delta
Many thanks for your charts.

You said that now you're trading this method right. But i know that Craig puts stoploss above/below previous swing high/low. He does not use 50 pips stop.

Could you also answer my other question?



Thanks.
Hello! If you watched his webinars, He says the he does not have a stop loss more than 50 pips ( he says it all the time). He usually have a 35 pips stoploss. I use 50, u can use previous highs or lows or fib levels or pivots or trendlines. That is just my preference. Also since using his strategy from my account is March 17, 2010, my account is up 14.1% and I took 24 trades and lost 3. Nice odds. Have a good weekend. Look forward to helping you guys.
KYSS - KEEP YOU SCREEN SIMPLE - GO WITH THE HEARD - TREND IS YOUR FRIEND
  • #1,504
  • Apr 2, 2010 1:44pm Apr 2, 2010 1:44pm
Hi Carlene,

If you have time, would you be willing to post some charts showing your potential entries on these four pairs, or at least state what time of the day you see the entries, had you been home to take them? I am not seeing the entries very clearly.

Your help on this should clinch my knowledge of this method once and for all!

Thanks and have a good weekend.

Dan

Quoting carlen68
By the way if I was home yesterday. i would have taken 4 trades and won all of them.

gbpusd
eurjpy
eurusd
usdcad
Without vision, the people will perish.
  • #1,505
  • Apr 2, 2010 2:20pm Apr 2, 2010 2:20pm
Nice work Xaphod!

I need clarification on some of the dasboard inicators.
On the ADR5 and ADR20, is that the ADR for the last 5 trading days and 20 trading days respectively?

Thanks again.

Dan

Quoting Xaphod
Both issues fixed:

 

  1. Fixed pip values off by x100 in 2/3 digit currencies
  2. Added dashboard Y-Offset Adjustment parameter
    DisplayYOffset=NN
  3. v0.83

Without vision, the people will perish.
  • #1,506
  • Apr 2, 2010 2:56pm Apr 2, 2010 2:56pm
Quoting bythepound
On the ADR5 and ADR20, is that the ADR for the last 5 trading days and 20 trading days respectively?
The short answer is, yes. If you want the skinny on all the details of this great Dashboard, you can click on the MetaEditor icon on your MT4 platform, that will open the indie for editing; the whole first part of the indicator is a list of instructions as to what each line means.

Best Regards,
NeoRio
Sentiment: Short on cash. Long on hope.
  • #1,507
  • Apr 2, 2010 3:25pm Apr 2, 2010 3:25pm
Thanks Neo - good info.

I wonder if it would be possible to add a candle clock (time to bar end) line to this most excellent dashboard. I would like to see it under the ADR lines. Is this possible?

Thanks

Quoting NeoRio
The short answer is, yes. If you want the skinny on all the details of this great Dashboard, you can click on the MetaEditor icon on your MT4 platform, that will open the indie for editing; the whole first part of the indicator is a list of instructions as to what each line means.

Best Regards,
NeoRio
Without vision, the people will perish.
  • #1,508
  • Apr 2, 2010 3:31pm Apr 2, 2010 3:31pm
Quoting carlen68
Hello! If you watched his webinars, He says the he does not have a stop loss more than 50 pips ( he says it all the time). He usually have a 35 pips stoploss. I use 50, u can use previous highs or lows or fib levels or pivots or trendlines. That is just my preference. Also since using his strategy from my account is March 17, 2010, my account is up 14.1% and I took 24 trades and lost 3. Nice odds. Have a good weekend. Look forward to helping you guys.
Yes, i watched most of his webinars and he says his stop is based technically always below/above previous swing low/high or big number and it is usually about 30-35 pips.

What about my question about taking trades when the reveversal candle break is near 23.6 level, for example 5 pips or sometimes at that level. How much distance do you need to 23.6 to risk 50 pips stoploss. Do you have TP always at 23.6 level?

Could you say few words about it?
  • #1,509
  • Apr 2, 2010 4:10pm Apr 2, 2010 4:10pm
Quoting bythepound
I wonder if it would be possible to add a candle clock (time to bar end) line to this most excellent dashboard.
I'm sure it could be added. I kinda like this (see attached) countdown clock as it is already in front of the current candle and easy to see.
Attached File(s)
File Type: ex4 _b-clock modified V2.ex4   3 KB | 507 downloads
Sentiment: Short on cash. Long on hope.
  • #1,510
  • Apr 2, 2010 6:52pm Apr 2, 2010 6:52pm
That is what I am using now. I am just trying to cluster all of the tools into one neat indicator like the dashboard.
Thanks
Dan
Quoting NeoRio
I'm sure it could be added. I kinda like this (see attached) countdown clock as it is already in front of the current candle and easy to see.
Without vision, the people will perish.
  • #1,511
  • Apr 2, 2010 7:17pm Apr 2, 2010 7:17pm
Quoting Delta
Yes, i watched most of his webinars and he says his stop is based technically always below/above previous swing low/high or big number and it is usually about 30-35 pips.

What about my question about taking trades when the reveversal candle break is near 23.6 level, for example 5 pips or sometimes at that level. How much distance do you need to 23.6 to risk 50 pips stoploss. Do you have TP always at 23.6 level?

Could you say few words about it?
If the candle is close to the 23.6% , you need to use your own discretion. I would look an see were the 38.2% is. That might give me the answer or a BN or recent highs or lows. TP is 23.6% but if a BN is beyond it then I will look for that or 38.2% fib. Just practice and use your own discretion. I hope that answers your questions. Have a good one.
KYSS - KEEP YOU SCREEN SIMPLE - GO WITH THE HEARD - TREND IS YOUR FRIEND
  • #1,512
  • Apr 3, 2010 6:51am Apr 3, 2010 6:51am
Quoting carlen68
since using his strategy from my account is March 17, 2010, my account is up 14.1%
carlen68,

What % of your account do you risk in one trade when using 50 pips stop?


When i looked at my charts i saw that my london close is one hour earlier. I don't know who has the right setting.

Could someone look at charts and check it?

Attached Image (click to enlarge)
Click to Enlarge Name: london.png Size: 443 KB
  • #1,513
  • Apr 3, 2010 6:17pm Apr 3, 2010 6:17pm
Quoting bythepound
Nice work Xaphod!
I need clarification on some of the dasboard inicators.
On the ADR5 and ADR20, is that the ADR for the last 5 trading days and 20 trading days respectively?
Dan
You can also check these posts for info regarding the dashboard.
http://www.forexfactory.com/showpost...postcount=1464
http://www.forexfactory.com/showpost...postcount=1480
  • #1,514
  • Apr 3, 2010 6:21pm Apr 3, 2010 6:21pm
Quoting rwa
Xaphod,
There is another addition which will be useful.
Either an average value (pips) or a series of values of :
1. previous upswings
2. previous down swings.
I'll add it to my to do list. I'm not sure what the norm is for calculating the special cases. Ex: two highs after each other and high/low on same bar.
  • #1,515
  • Apr 3, 2010 6:23pm Apr 3, 2010 6:23pm
Quoting bythepound
Thanks Neo - good info.

I wonder if it would be possible to add a candle clock (time to bar end) line to this most excellent dashboard. I would like to see it under the ADR lines. Is this possible?

Thanks
I'll add it to my to do list.
  • #1,516
  • Edited Apr 4, 2010 9:03am Apr 3, 2010 6:37pm | Edited Apr 4, 2010 9:03am
Just finished these so I have not been able to test them on the live market since the markets are closed. However one is a relatively simple modification to an existing indicator and the other is not very complicated so I expect them to work.

SDX-SweetSpots_BN.mq4:

Modified version of SDX-SweetSpots_5.2.mq4

 

  1. Changed and added levels for the Natural Flow method.
  2. Added ability to display short lines at right edge of window.
    The new parameters are:
    Short_Lines? = true. Enable short lines. Overrides the Margin_Prices? parameter.
    Short_Line_Offset = 0. Bar after which the lines start. Must be >= 0.
    Short_Line_Text_Pos = 5; Text position relative to Short_Line_Offset measured in bars.

Market Hour Bars.mq4 v0.91

Display market hours as lines in an indicator window. You need to set the market times according to your time zone and manually set or clear daylight savings time. I'll get round to making a version that displays the lines in the chart instead later. I need to get back to learning to trade for now.

Attached Image (click to enlarge)
Click to Enlarge Name: MarketHoursAndBN.png Size: 39 KB
Attached File(s)
File Type: ex4 Market Hour Bars.ex4   8 KB | 628 downloads
File Type: mq4 Market Hour Bars.mq4   7 KB | 832 downloads
File Type: ex4 SDX-SweetSpots_v5.2 BN.ex4   10 KB | 683 downloads
File Type: mq4 SDX-SweetSpots_v5.2 BN.mq4   15 KB | 856 downloads
  • #1,517
  • Apr 3, 2010 9:54pm Apr 3, 2010 9:54pm
Quoting Xaphod
Just finished these so I have not been able to test them on the live market since the markets are closed. However one is a relatively simple modification to an existing indicator and the other is not very complicated so I expect them to work.

SDX-SweetSpots_BN.mq4:

Modified version of SDX-SweetSpots_5.2.mq4
[list][*]Changed and added levels for the Natural Flow method.[*]Added ability to display short lines at right edge of window.
The new parameters are:
Short_Lines? = true. Enable short lines. Overrides the Margin_Prices? parameter.
Short_Line_Offset...
Thanks Xaphod, you've done a great job. I also need to get to learing to trade. Your indicators will surely help.
  • #1,518
  • Apr 4, 2010 2:09am Apr 4, 2010 2:09am
Quoting Xaphod
Just finished these...
Xaphod, dunno how you did it...but you did! Thanks for the great work on these indicators, I've been playing with them on the charts and LOVING them! Since the markets aren't open, it will be interesting to see if they behave differently. Here are my first observations:

Market Hours: Great job! If we can't have these lines right on the chart, this is the next best (or better?) thing! I noticed that when you change TFs, the thickness of the lines goes up to 3. This is probably code in the indicator that has the line thickness set to 3. Not sure, but 1 or 2 might be easier to fit in a smaller space (my picture below has them set at thickness 2).

SweetSpots (BNs). Wow, I can't wait to see this one stay on the right side of the chart while the market is moving! How did you do it??!! If you look at my screenshot below, you'll see that if I keep the Line Prices on the chart, they overlap the candles a bit. My screens aren't wide like most traders screens, mine are 4:3, so I'm not sure if other people will have those lines and numbers overlapping their candles or not. I removed the "BN" label, since you can have both BNs and MRNs on the chart...and also because they eat up a little more screen real estate.

(Later I noticed that no matter what level of zoom you have your candles on, or what TF you are on, or how much you have the "chart shift" pulled to the right or left, the lines stay with the last 2 candles. This makes it difficult to look at bigger TFs, like H4, D1, etc...because then the candles are covered with tons of lines. If the lines could stop short before actually touching the candles, this would seem to solve this issue?)

I was hoping that the "Slide_Labels" option would allow one to slide the labels all the way to the right of the chart, but it didn't.--that would have solved my problem with the overlapping. I do like very much however, how you have the labels (Line Prices and TextinLabel) actually plotted on the chart, rather than occupying the same space the MT4 main numbers is...the way the original SweetSpots indicator did. This is a real improvement as the numbers used to fight in each other's spaces.

If there is no way to have the labels/line prices scoot over further to the right (or all the way against the side of the chart), could the whole indicator (lines and labels) move a little more to the right of the chart?--making them stick out a little shorter into the chart? The lines themselves are actually OK overlapping with the candles a bit (on my chart they only overlap with the first 2 candles), but the labels is more confusing.

At any rate, absolutely WONDERFUL work. Please forgive my nit-picking.

Best Regards and thank you!

NeoRio
Attached Image (click to enlarge)
Click to Enlarge Name: sweetspots.gif Size: 27 KB
Sentiment: Short on cash. Long on hope.
  • #1,519
  • Apr 4, 2010 8:37am Apr 4, 2010 8:37am
The indicators in the above post have been updated so you need to redownload them.

Quoting NeoRio
Market Hours: Great job! If we can't have these lines right on the chart, this is the next best (or better?) thing! I noticed that when you change TFs, the thickness of the lines goes up to 3. This is probably code in the indicator that has the line thickness set to 3. Not sure, but 1 or 2 might be easier to fit in a smaller space (my picture below has them set at thickness 2).
Fixed. Added parameter to select line thickness.
I think it is better in a separate window. Less clutter in the charts. And on the CH charts I saw, the market hours lines moved down into the candles when the PA moves above the top of the chart and it rescales the X-axis. One could set it to redraw the whole buffer when the scale changes but I'm not sure what the implications on performance are.

Quoting NeoRio
SweetSpots (BNs). Wow, I can't wait to see this one stay on the right side of the chart while the market is moving! How did you do it??!! If you look at my screenshot below, you'll see that if I keep the Line Prices on the chart, they overlap the candles a bit.....
Yes, I was aware of the above issues but had not figured out how to fix them yesterday. However I've figured it out now and they are all fixed.
I've Added a parameter to shift the text relative to the start of the line: Short_Line_Text_Pos = 5;

Quoting NeoRio
At any rate, absolutely WONDERFUL work. Please forgive my nit-picking.
Your feedback is appreciated!

/Xaphod
  • #1,520
  • Apr 4, 2010 4:00pm Apr 4, 2010 4:00pm
Quoting Xaphod
Fixed.
Xaphod...you've done it again! I don't know how, but you made it perfect! Thank you!

The SweetSpot lines sit absolutely perfectly and the labels can be adjusted to taste. Wonderful!

I've noticed that the SweetSpots indie casts 25 lines on the chart; do you think there is an easy way to limit that to 5 lines in total? If I recall, CH's custom indie only plotted the BNs and MRNs that were right around the current candle...so they wouldn't go on plotting numbers that were way off in the distance. If thee is an easy way to change the 25 to a 5, that might be nice...so that we only see the closest line the current candle is at and maybe 2 or 3 lines above and below that.--the rest of the lines/numbers are unneeded it would appear.

The Market Hours indie is looking nice and the thickness of 2 sticks when you change TFs. Question; are the labels (Tokyo, London, etc) supposed to show on the chart?--so that you know which color line represents which market session?

Thanks again Xaphod,
NeoRio
Sentiment: Short on cash. Long on hope.
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