Craig Harris Stochastics Method

2scoops...

On the 21/233 method... trade away from yellow and blue lines. Make sure your shift # is correct and it's set to typical.

On the 5 method... Trade away from yellow too.

Follow the simple rules for entry and exit.

HA Candles average 3-8 candles per swing.

Big E

Thanks eel..... your explanation is the most straightforward I have seen...

Have put xTDI Arrow on the charts but am not getting any arrows to appear. Is there a special version of TDI that is required? The settings are as provided - i.e. I made no changes. Allow DLL is NOT checked.

Any suggestions? Thanks.

- Requires that the indicator 'Traders_Dynamic_Index.mq4' is installed. Get it Here:
http://cdn.forexfactory.com/attachme...6&d=1262263093

I have the TDI installed and working and I downloaded the Arrows but they do no show up on my charts either. There are a variety of settings for them, none of which are explained.

Bill - there is a setting for ShowArrowOffset. Default is 10. Change that to 1 or 2. Arrows are probably on your chart but way outsdie normal viewing area.

Thanks for the idea but that did not help. I also tried changing the arrow type and size to no avail. Still no arrows.

Big e, here is my trade from this morning...I used a trail stop, so got 49 pips...very simple as you said

Mili...

Good talking with you this morning... Great trade buddy... and yes the 5 method is so simple... and works on all timeframes.

Big E

My attitude when I place a trade using the 5 method is that I'm on my way to the bank to make another forex withdrawl... I just don't know how much until the trade is over... it's that easy.

Below are trades from this morning between 5am-7am Pacific. One started at 11pm last night (a/u)... 1 hour chart. I didn't trade these because I slept in.

Sorry... didn't post above:

2 more:

Xaphod...

Hey buddy would you help Bill back on post # 3085. Thank You...

eel....very nice charts....

This morning when Cini... traded on the E/U he made a killing... congrats again...

Something I shared with him... when trading the longer time frames...
if a candle wick pulls back 5 pips... I exit the trade. Why, because on higher time frames when the wick pulls back it's often 15-30 pips or more.

I can exit at a 5 pip pull back and keep the other 10-25 pips for myself. And if the trade continues ... the pips I kept are more than it's cost to re-enter. On the longer timeframes I might enter and exit each candle thats long... even if their side by side candles.

If you do this every month you'll earn a hundred or more pips you get to keep. It adds up fast.

This always works... especially on longer candles...

Just a tip...

Big E

Thanks for the charts and your quick responses again.

Quick question about your 5 pip tip:

When you say you exit a trade if the wick moves against you by 5 pips, is this only just after you've entered the trade. How long do you follow this rule for in a trade e.g. if your 10-15 pips up in a trade and it moves back 5 pips do you exit? at what point do you relax this rule?

Thanks

2scoops

2 scoops,

When you first enter a trade many candles have a small wick... the trade is working... but as the candles get larger and larger the wicks normally get longer and longer... we give the dealer back a lot of pips.

This is not a rule !!! but rather something I discovered years ago and it's made me a lot of additional pips over the years.

Again - go back in the charts on the time frame you normally trade. Using the cross hair... check the wicks on longer candles. If you would have exited when the wick came back 5 pips... would you have made money and saved pips? This isn't rocket science... just an observation on my part.

Quick question about your 5 pip tip:

When you say you exit a trade if the wick moves against you by 5 pips, is this only just after you've entered the trade. I couldn't exit unless I was already in a trade.How long do you follow this rule for in a trade e.g. if your 10-15 pips up in a trade and it moves back 5 pips do you exit? Usually but I see what PA is saying. It normally doesn't happen at the beginning of a trade... you got to stay sharp when in each trade.at what point do you relax this rule?

Hope this helps...

I know that a lot of you trade the 5 minute chart. Here is this mornings 5 minute chart as an example: 7am Eastern Time

1. Download and install THIS TDI indicator: 'Traders_Dynamic_Index.mq4'.
   http://cdn.forexfactory.com/attachme...6&d=1262263093
2. Download and install the xTDI-Arrow v1.00.mq4 indicator:
   http://cdn.forexfactory.com/attachme...5&d=1289418471
3. Restart MT4:
4. Put the Traders_Dynamic_Index indicator on a chart to verify that it works.
5. Put the 'xTDI-Arrow v1.00' indicator on the chart.

Does not work?

 

1. Select 'Traders_Dynamic_Index' in the Navigator.
2. Right click on the selected indicator and select Modify from the pop-up Menu. The indicator will be opened up in MetaEditor.
3. Click the 'Compile' button on the tool bar.
4. Take note that you get a '0 errors and 0 warnings' message when the compile is completed.

Repeat for the 'xTDI-Arrow v1.00' indicator:

 

1. Select 'xTDI-Arrow v1.00' in the Navigator.
2. Right click on the selected indicator select Modify from the pop-up Menu. The indicator will be opened up in MetaEditor.
3. Click the 'Compile' button on the tool bar.
4. Take note that you get a '0 errors and 0 warnings' message when the compile is completed.

Alternatives:
Try the xTDI-Histo v1.10.mq4 indicator which also can display arrows on the screen:
http://cdn.forexfactory.com/attachme...3&d=1289418291
You will need to set Show.RSIPriceLineArrow=True to see arrows. And also Show.MarketBaseLineArrow=True if you want that option.

MT4 does not report an error when a call to a custom indicator fails. Therefore the xTDI Arrow indicator does not report an error if the 'Traders_Dynamic_Index.mq4' is missing. You simply don't get any arrows painted.

All the settings are explained in the source file.

 

1. Select 'xTDI-Arrow v1.00' in the Navigator.
2. Right Click and select Modify from the popup Menu. The indicator will be opened up in MetaEditor.
3. Scroll down to input parameters and read.

Many thanks Xaphod! The problem was that I was using the TDI from Synergy and when I reloaded your version everything was fine. I had actually tried the compile earlier. Apparently the Synergy version has only an executable file and not a MQ4 as well.
Again, many thanks!
Bill