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Craig Harris Stochastics Method

  • #2,561
  • Oct 13, 2010 9:43am Oct 13, 2010 9:43am
When you first start trading forex your mind is filled with so much advice from every forex site that you are confused and dizzy in no time at all. Everyone wants your money for their sure fire system or book... just run from these ads and keep your money.

You can make trading as difficult as you want to. I like simplicity personally.

The truth is you have to develop your own system that you have confidence in. I took lots of notes and kept this tid bit and that one which I liked. Then I put all those together to develop what and how I now trade. You'll have to do the same thing to become successful.

In my opinion the London session is the best and moves the fastest. However in my timezone Id have to be up all night to trade it. So I normally try to trade from 5am to 9am Pacific which is reasonable for sleep. Others love to trade other markets.

I hope the simple systems are helpful to you that we have presented to you here. We have a lot of honest and helpful traders here for your benefit.

Keep your trading system simple, limit the indicators, study your charts an hour a day if possible. If you break forex trading down to its basics... its not difficult to trade. Just practice on demo until your confidence builds.

Post your charts with questions and post your trades so we can all benefit. Were here to help you.

Big E

  • #2,562
  • Oct 13, 2010 10:44am Oct 13, 2010 10:44am
Easy to trade this simple template.

5 sma, shift 2, Typical (yellow line)
233 ema, Shift 5, Typical (blue)
TDI set to default
Stoch 8,3,3

Green crosses red, Stoch is going up to confirm...
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  • #2,563
  • Oct 13, 2010 10:54am Oct 13, 2010 10:54am
Quoting eelfranz
It's easier to read the TDI if you make the yellow line dotted.


Big E

hi Big E
how do you get to make the yellow line dotted?
i can do it but if i change anything i.e. the time frame, symbol, etc,the yellow line reverts back to a solid line
thank you,
norman
  • #2,564
  • Oct 13, 2010 10:54am Oct 13, 2010 10:54am
All good trades on 5 min. chart... green crossing red.
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  • #2,565
  • Oct 13, 2010 4:08pm Oct 13, 2010 4:08pm
Norman...

On the TDI put your arrow on the lines and right click. Select properties. Go to the yellow line and change it from a line to dots.

When thats done, go to your Templates and open it up on your chart. Click Save As, then select the template you just changed the dots on... then click save. Now it will always come up dots when you apply that template to a chart....

Big E
  • #2,566
  • Oct 13, 2010 6:31pm Oct 13, 2010 6:31pm
Xaphod, thanks. I do have neorio template, and on indicators list have stoch slope. However on the mt4 I do have red when it flattens ouit, but never a green indication. The colors are red yellow yellow and blue for 0,1,2,3 in the colors tab of the indicator. The inputs etc I havent changed at all from the template. I do see threshold value for slope, but I am not sure what value that should bem or how to get it to be green when it shoudl. Is this making sense?
  • #2,567
  • Oct 13, 2010 11:36pm Oct 13, 2010 11:36pm
Quoting davewooldrid
Xaphod, thanks. I do have neorio template, and on indicators list have stoch slope. However on the mt4 I do have red when it flattens ouit, but never a green indication. The colors are red yellow yellow and blue for 0,1,2,3 in the colors tab of the indicator. The inputs etc I havent changed at all from the template. I do see threshold value for slope, but I am not sure what value that should bem or how to get it to be green when it shoudl. Is this making sense?
The angle is acceptable when it is not red.
Red=Angle too low.
Other color= Angle ok.

The default setting in Neos template will give you the 12-14, 16-18 'angle'.
If you want a different 'angle' range, you can change the slopethreshold value. You will have to experiment to figure out what value works for you. A slope is calculated as the 'diff in height'/'diff in len'. In this case the difference in height is the stoch difference from the previous bar and the length is 1 bar, normalized.

The slope is equivalent to the angle if the x and y axis units are geometrically equivalent.
  • #2,568
  • Oct 14, 2010 7:13am Oct 14, 2010 7:13am
Thanks for your help. I took first trade. Veery small position. So, real money to add the pressure, but small not to hurt me. Took 12 pips on one position. Next time taking 3 equal and letting one run.
  • #2,569
  • Oct 14, 2010 8:04am Oct 14, 2010 8:04am
Opened heiken ashi on mt4. Some candles have both white and green , white and red, and green and red. Colors on heiken ashi are red and white. Am I still looking at jap candles at same time? I followed instructions from earlier post to make line black, it was already. SO I gues I am asking how to remove jap candle
  • #2,570
  • Oct 14, 2010 8:57am Oct 14, 2010 8:57am
Big E,
thanks but,
it didn't work, for some unknown reason doing this doesn't work on my platform i was able to get rid of the other lines and only have the red,green and yellow...i cant even change the thickness of the lines.
superimposed the jap cs on top of the hi, have to study this for awhile, might be to complicated, but its good for me to see the difference in the two.
Quoting eelfranz
Norman...

On the TDI put your arrow on the lines and right click. Select properties. Go to the yellow line and change it from a line to dots.

[font=Comic Sans MS][size=3][color=#0000ff]When thats done, go to your Templates and open it up on your chart. Click Save As, then select the template you just changed the dots on... then click save. Now it will always come up dots when you apply that...
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  • #2,571
  • Oct 14, 2010 9:12am Oct 14, 2010 9:12am
Quoting davewooldrid
Opened heiken ashi on mt4. Some candles have both white and green , white and red, and green and red. Colors on heiken ashi are red and white. Am I still looking at jap candles at same time? I followed instructions from earlier post to make line black, it was already. SO I gues I am asking how to remove jap candle
F8 to pull up properties.
Set bull candle, bear candle, bar up, bar down to color=none
  • #2,572
  • Oct 14, 2010 9:16am Oct 14, 2010 9:16am
hi dave,
strange our two posts, i just put the jap cs on the ha as you want to take them off.
in metatrader under charts change the candlesticks Alt+2, to line chart Alt+3,
norman

Quoting davewooldrid
Opened heiken ashi on mt4. Some candles have both white and green , white and red, and green and red. Colors on heiken ashi are red and white. Am I still looking at jap candles at same time? I followed instructions from earlier post to make line black, it was already. SO I gues I am asking how to remove jap candle
  • #2,573
  • Oct 14, 2010 9:21am Oct 14, 2010 9:21am
Quoting normanauf
Big E,
thanks but,
it didn't work, for some unknown reason doing this doesn't work on my platform i was able to get rid of the other lines and only have the red,green and yellow...i cant even change the thickness of the lines.
superimposed the jap cs on top of the hi, have to study this for awhile, might be to complicated, but its good for me to see the difference in the two.
Try using the tdi-tl.mq4 indicator:
http://www.forexfactory.com/showpost.php?p=3336419
  • #2,574
  • Oct 14, 2010 9:27am Oct 14, 2010 9:27am
Big E,
i see the problem we are using a different tdi,mine says, on the top,"traders dynamic index" i got mine from compass fx. yours says"TDI",. i need that tdi will look for it.
norman

Quoting eelfranz
Norman...

On the TDI put your arrow on the lines and right click. Select properties. Go to the yellow line and change it from a line to dots.

[font=Comic Sans MS][size=3][color=#0000ff]When thats done, go to your Templates and open it up on your chart. Click Save As, then select the template you just changed the dots on... then click save. Now it will always come up dots when you apply that...
  • #2,575
  • Oct 14, 2010 9:41am Oct 14, 2010 9:41am
thanks xaphod,
i have made the change and it worked. much better.
norman

Quoting Xaphod
Try using the tdi-tl.mq4 indicator:
http://www.forexfactory.com/showpost.php?p=3336419
  • #2,576
  • Oct 14, 2010 10:03am Oct 14, 2010 10:03am
Xaphod,
i noticed that you created this alert, from what you said in the meta editor i don't think it will work with the TDI-TL i just put in?
i put the other tdinoimput in also and shrunk it, do you think this will work?
thanks,
norman
  • #2,577
  • Oct 14, 2010 11:24am Oct 14, 2010 11:24am
Norman...

Years ago I discovered www.compassfx.com . I downloaded their Synergy System into my computer/ templates. Then in the future when I wanted to modify their chart... I brought up a Synergy chart (which already had the HA candles and their TDI on it) and removed from the chart what I didn't want and added back to it what I did want (Ex., 21 ema & 233ema). Then I went to the template button above the chart and opened it... Clicked on Save As... gave it a new name and clicked Save.

Now I had a new template, new chart besides keeping the original Synergy template... but more importantly i HAD GREAT LOOKING HA CANDLES AND THE TDI was already on my new chart/template. If I modify it... I use the same procedure... it's simple to do it this way.

Big E
  • #2,578
  • Oct 14, 2010 11:29am Oct 14, 2010 11:29am
Xaphod,

Thank you for helping others and your hard work to benefit others on this thread... muchly appreciated... and thank you NeoRio and many others who have helped along the way...

Big E
  • #2,579
  • Oct 14, 2010 12:37pm Oct 14, 2010 12:37pm
Thanks norm, curious why are you doing the opposite?
  • #2,580
  • Oct 14, 2010 1:23pm Oct 14, 2010 1:23pm
Easy Trades - G/U - 1:20 PM Pacific Time - 5 min.
TDI... green crosses red, Stoch confirms.
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