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Craig Harris Stochastics Method

  • #3,301
  • Feb 8, 2011 12:32am Feb 8, 2011 12:32am
NeoRio,

Welcome back buddy from your trip.

You have developed a trading method that works for you which is great. If an indicator didn't fit me I just moved on which is exactly what you did and that worked for you...

I got a video player to record and saved it to my desktop. Unfortunately it won't load to the forum... humm... I'll keep working on it...
  • #3,302
  • Feb 8, 2011 1:25am Feb 8, 2011 1:25am
Quoting Sjr
Hi Everyone. This is a really great thread, thx to all the contributors. Here is my first demo trade using CH Stochastic method on a 1 hour chart I did this morning ...let me explain what Im seeing. All criticism is welcome.
For me.....I would never enter a short while the stochastic is still above 80. I would wait until it croesses the 80 line, which (to me) is confirmation that the PA really does intend to go down.

While the stochastic is above 80, the PA can continue to go up.....have a look back on your charts and see what I mean.

Obviously the same applies to entering longs. Wait until the stochastic crosees the 20.....never enter while the stochastic is below 20, because it could stay there all day while the PA continues to drop.

Hope that helps.

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,303
  • Feb 8, 2011 1:54am Feb 8, 2011 1:54am
Quoting eelfranz
NeoRio,

Welcome back buddy from your trip.

I got a video player to record and saved it to my desktop. Unfortunately it won't load to the forum... humm... I'll keep working on it...
Thank you! Glad to be back.

If you have a video on your HD, that means you've figured out how to record from your screen, which is great! You have to now upload your video to a sharing site. I would recommend you open a youtube account (easy as pie to do)...then upload the video there. The upload process can take some time, depending on how big your video file is. Once the video is uploaded, you can share the link here in the forum and everyone can watch it.

Thanks,
Neo
Sentiment: Short on cash. Long on hope.
  • #3,304
  • Feb 8, 2011 2:16am Feb 8, 2011 2:16am
Quoting NeoRio
Thank you! Glad to be back.

If you have a video on your HD, that means you've figured out how to record from your screen, which is great! You have to now upload your video to a sharing site. I would recommend you open a youtube account (easy as pie to do)...then upload the video there. The upload process can take some time, depending on how big your video file is. Once the video is uploaded, you can share the link here in the forum and everyone can watch it.

Thanks,
Neo
BigE - I'm assuming you are on a Microsoft Windows PC

How to upload to youtube

http://www.google.com/support/youtub...n&answer=57924

The video has to be less than 2GB in size (right click on the video file, click on properties and the size of the file should be listed).

The file must be in one of the following file types:

 

  1. WebM files - Vp8 video codec and Vorbis Audio codecs
  2. .MPEG4, 3GPP and MOV files - Typically supporting h264, mpeg4 video codecs, and AAC audio codec
  3. .AVI - Many cameras output this format - typically the video codec is MJPEG and audio is PCM
  4. .MPEGPS - Typically supporting MPEG2 video codec and MP2 audio
  5. .WMV
  6. .FLV - Adobe-FLV1 video codec, MP3 audio

The easiest way to check the file type is to first of all turn off the annoying windows feature that hides the file types.

Right click on your "my computer" icon and select explore. Click on tools - folder options - click on the view tab - scroll down the list of advanced settings and make sure the "hide extensions for known file types" is unticked. Click on ok then find your video file, your video file should now have a filename like "videoname.avi" the .avi bit is the file type, hopefully it matches one of the file types listed above.

If it does match then follow the link above which should guide you though uploading it to youtube.

  • #3,305
  • Feb 8, 2011 3:05am Feb 8, 2011 3:05am
Quoting realjumper
For me.....I would never enter a short while the stochastic is still above 80. I would wait until it croesses the 80 line, which (to me) is confirmation that the PA really does intend to go down.

While the stochastic is above 80, the PA can continue to go up.....have a look back on your charts and see what I mean.

Obviously the same applies to entering longs. Wait until the stochastic crosees the 20.....never enter while the stochastic is below 20, because it could stay there all day while the PA continues to drop.

Hope that helps.

RJ
Hey Thx real Jumper. I noticed your a fellow Kiwi ! Im based in Christchurch.
Back to that trade, Your right maybe I should wait for a cross above/below the 20/80 lines.
I don't remember CH talking about that so much as the position on the clock being more important.
Also, Im trying to encompass basic S&R into my trading along side the use of the SS.
Question to you ? Do you use the 8,3,3, method in your trading?

Cheers

SR
  • #3,306
  • Feb 8, 2011 3:39am Feb 8, 2011 3:39am
Quoting Sjr
Hey Thx real Jumper. I noticed your a fellow Kiwi ! Im based in Christchurch.
Back to that trade, Your right maybe I should wait for a cross above/below the 20/80 lines.
I don't remember CH talking about that so much as the position on the clock being more important.
Also, Im trying to encompass basic S&R into my trading along side the use of the SS.
Question to you ? Do you use the 8,3,3, method in your trading?

Cheers

SR
I hope the earthquakes are settling down for you in Ch Ch. I'm in Manawatu...we get plenty of tremors in the 4-5 range.....kind of used it to now!

Not quite sure what you mean about the 8,3,3 'method', but I do have my stochastic set to 8,3,3.

For S&R, I just use daily pivots and known area's wher the PA has had trouble in the past either getting over, or under.

With the 5 method of this forum though, I am just using TDI and stochastics to see how I go with it. After a month of demo I'll compare the results with what I do on my own, and we shall see what we shall see!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,307
  • Feb 8, 2011 3:58am Feb 8, 2011 3:58am
Yeah the earth quakes have settled down somewhat, but still the occasional aftershock to keep us honest.
Thanks for your feedback.
I don't/cant use the TDI with the software I use, but figures the Stoch method should be a good starting place, combining good PA at S&R levels. Ive been at this thing (Trading) for some time now with mixed results.
To Be honest Im ready to knock it on the head once and for all, as I really believe that only 5% really make it to an extent that can be considered successful. (and its not thru a lack of serious commitment/trial and error, pain and suffering)

Anywhooo....time to start looking at the charts again to once again find the next opportunity.

Cheers

SR
  • #3,308
  • Feb 8, 2011 4:08am Feb 8, 2011 4:08am
Quoting Sjr
Yeah the earth quakes have settled down somewhat, but still the occasional aftershock to keep us honest.
Thanks for your feedback.
I don't/cant use the TDI with the software I use, but figures the Stoch method should be a good starting place, combining good PA at S&R levels. Ive been at this thing (Trading) for some time now with mixed results.
To Be honest Im ready to knock it on the head once and for all, as I really believe that only 5% really make it to an extent that can be considered successful. (and its not thru a lack of serious commitment/trial...
Not sure who your broker is, but I use FXCM Australia. I use their own trading station but their 'Marketscape' charts don't support TDI and other indy's.......so I have an MT4 demo account that I can use those indy's like TDI etc on. So the reality is that that I use FXCM to enter/exit trades, but I use MT4 demo accounts for charting!! It works great.

If you want to do that too, I'll be happy to post the indy's and template here for you.

Alternatively, I can put you onto the system that I use for live trading. It was developed by a great trader here.....his nick is 'acumen', his name is Mike. I can't post the system because it isn't mine to post, but I can put you in touch with him if you like.

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,309
  • Feb 8, 2011 4:25am Feb 8, 2011 4:25am
Thx RJ ! I guess what Im trying to do is find a system/method in which I can use something like the Stochastic method described here at the beginning of the thread to start really forging ahead with profitable trades. (Demo to start with of course)

Ive invested alot of time already with this software (track and trade from gecko). Its good but no one else uses it, and I cant configure the charts the way its taught here, like TDI. Having said that, is TDI really necessary to succeed ? or would the original Stoch method be worth pursuing? Im going to find out either way, as I know deep down there has to be a way to learn how to do this for real and be successful i.e make $ over the long term.

Thx again for your input, its good to know there are supportive people out there.

Cheers

SR
  • #3,310
  • Feb 8, 2011 4:36am Feb 8, 2011 4:36am
Quoting Sjr
Thx RJ ! I guess what Im trying to do is find a system/method in which I can use something like the Stochastic method described here at the beginning of the thread to start really forging ahead with profitable trades. (Demo to start with of course)

Ive invested alot of time already with this software (track and trade from gecko). Its good but no one else uses it, and I cant configure the charts the way its taught here, like TDI. Having said that, is TDI really necessary to succeed ? or would the original Stoch method be worth pursuing? Im going...
You're welcome SR....no problem. Stochastic would be my favourite indi.....if I could only choose to have one indi, stochastic would be the one I choose. Having said that, TDI seems to be a great indi, and when combined with stochastic, it should prove to be a very good package.....which is what I'm demoing for the rest of this month to see how it compares. I'm also running a demo of just TDI....nothing else.....not even candles. That will show whether TDI is as good as it seems.

I'm not familiar with track and trade from gecko, but I'll research it tomorrow. There are many MT4 based brokers 'out there' to choose from, you can just sign up for a demo and then use all the indy's that you see here.

Also, fwiw, acumens system is based around stochastics, and s/r levels.

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,311
  • Feb 8, 2011 4:57am Feb 8, 2011 4:57am
Quoting realjumper
You're welcome SR....no problem. Stochastic would be my favourite indi.....if I could only choose to have one indi, stochastic would be the one I choose. Having said that, TDI seems to be a great indi, and when combined with stochastic, it should prove to be a very good package.....which is what I'm demoing for the rest of this month to see how it compares. I'm also running a demo of just TDI....nothing else.....not even candles. That will show whether TDI is as good as it seems.

I'm not familiar with track and trade from gecko, but I'll research...
Hmm that sounds interesting acumens Stoch and S&R level of trading. Id be keen to investigate further.
Listen, Im keen to look at all new approaches, but in my travels around the forums etc, everyone has an opinion. I was looking at J16 group there for sometime, but they encourage just PA alone with NO Stoch's etc. Also, they encourage looking at higher time frames, dailies and weekly's. I cant afford those higher time frames etc, initial SL waaay to much.

Now reading this thread, it seems people are on to a good thing, and Ive always thought Stochastics were an excellent gauge of market sentiment.

i guess I just need to work thu them myself. Its all good in the end, I know eelfranz, is really passionate about seeing people succeed. He is a stand up guy !!
Ill keep following along with you and others along this journey...

cheers

SR

PS go Crusaders !! Pity about McCaw.
  • #3,312
  • Feb 8, 2011 5:05am Feb 8, 2011 5:05am
Quoting Sjr
Hmm that sounds interesting acumens Stoch and S&R level of trading. Id be keen to investigate further.
Listen, Im keen to look at all new approaches, but in my travels around the forums etc, everyone has an opinion. I was looking at J16 group there for sometime, but they encourage just PA alone with NO Stoch's etc. Also, they encourage looking at higher time frames, dailies and weekly's. I cant afford those higher time frames etc, initial SL waaay to much.

Now reading this thread, it seems people are on to a good thing, and Ive always thought...
Yep, I think this thread is a good thread, and this system is a good system. I think that most systems work, it's just a matter of finding one that suits you, and modifying to make it perfect for you. Once you find what works for you, stick with it!

Just fire off a PM to me if you want to know more about acumens method and we can take it form there.

McCaw will bounce back.....you can take that to the bank!!

RJ
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,313
  • Edited 6:25am Feb 8, 2011 5:06am | Edited 6:25am
Heres a classic example of what im looking at.
A PA pin Bar type drop with stoch agreement. Although it was short lived It still netted $24 on a mini acct, which isn't bad, but it reversed very quickly, probably blowing out any SL above the original Pin Bar. I guess this is where having a quick BE SL strategy comes into play ?

Anyone looking at this trade the same way i did , all comments welcome...
Cheers
SR
Attached Image (click to enlarge)
Click to Enlarge Name: EUR%2FUSD--60 Minute.jpg Size: 105 KB
  • #3,314
  • Feb 8, 2011 5:10am Feb 8, 2011 5:10am
Quoting Sjr
Heres a classic example of what im looking at.
A PA pin Bar type drop with stoch agreement. Although it was short lived It still netted $24 on a mini acct, which isn't bad, but it reversed very quickly, probably blowing out any SL above the original Pin Bar. I guess this is where having a quicj BE SL strategy comes into play ?

Anyone looking at this trade the same way i did , all comments welcome...
Cheers
SR
IMO that was a good entry man......you know what ruined that?.....a rate hike by the Chinese was announced and that bull candle was the reaction. No way that you, me, or anyone else could forsee that China would hike it's rates right then. It's just one of those unfortunate things.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,315
  • Feb 8, 2011 5:18am Feb 8, 2011 5:18am
OK that's cool, at least im not going crazy...LOL.

I think there's alot to this system overall, just learning how to figure it all out.

Question to ya, which time frame works best for you ? I know CH looks at the 15 min, on the London open, but I like to think the 1H or 4h can work just as well....

Cheers

SR
  • #3,316
  • Feb 8, 2011 5:36am Feb 8, 2011 5:36am
Quoting Sjr
OK that's cool, at least im not going crazy...LOL.

I think there's alot to this system overall, just learning how to figure it all out.

Question to ya, which time frame works best for you ? I know CH looks at the 15 min, on the London open, but I like to think the 1H or 4h can work just as well....

Cheers

SR
Generally speaking, I think the larger the time frame, the larger the stops have to be. I look at all time frames (up to the Daily) to make my 'plan', but I use the M30 to monitor my trades. I do flick to the M15 to try and find a good entry/exit, and I do use the M15 for trades when there isn't a strong trend in place.

So I think the short answer to your question is the M30 & M15
Doing what you like is Freedom. Liking what you do is Happiness.
  • #3,317
  • Feb 8, 2011 7:51am Feb 8, 2011 7:51am
Quoting qprfc
Hello big E
Keep up the great work on this thread,great week thus far using the simple but powerful 5 method ,over 550 pips scalping the eurusd on the 1 min chart.
Regards
Hi qprfc, sent you a PM but perhaps you can describe abit more about how you manage to capture the 550pips on 1min chart? Its very impressive.

1) What time did you trade the method?
2) What was your number of winners and losers like?
3) What stop loss method did you use?

Thanks for your time.
  • #3,318
  • Feb 8, 2011 9:53am Feb 8, 2011 9:53am
Well, since there has been so much talk about how awesome the TDI is, and particularly the green over red/yellow/50, it is about time we put it to the test.

It is easy to cherry pick examples and always pick an exit at the best possible point in the chart when you have the chart in front of you. A simple backtest should give a more objective assessment.

Example run giving a profit factor of 0.68
Period=2011-01-17 to 2011-01-29
Time=08:00-19:00
TF=M15
SL=20pips
TP=35pips
Lots=0.5

A quick test in the optimizer did give a couple of profitable (pf=1.16) settings over a short time period.

xTDI-EA: TDI green over red/yellow/50 EA.
Only for backtesting. Only coded for strategy tester.
NOTE! Requires that Traders_Dynamic_Index.mq4 is installed
Attached Image(s) (click to enlarge)
Click to Enlarge Name: M15-1.png Size: 38 KB
Click to Enlarge Name: M15-2.png Size: 33 KB
Attached File(s)
File Type: mq4 xTDI-EA.mq4   11 KB | 1,089 downloads
File Type: ex4 xTDI-EA.ex4   11 KB | 641 downloads
File Type: tpl xtdi-ea.tpl   2 KB | 668 downloads
  • #3,319
  • Feb 8, 2011 11:05am Feb 8, 2011 11:05am
Hi SJr, if I applied the rules correctly that are discussed in this thread, you should have never been thinking short for that trade. HA bars were just starting to close in the channel the bar after your referenced pin bar and RSI(TDI's Green Line) was over 50 so another sign no short, and price was not closing outside the bottom of the PAC(Price Action Channel - 5-SMA of the Lows) If anything, if you were in a long you would be exiting and waiting for the next signal or you were just plain waiting to enter as price was in the PAC for the 60min chart. The 60m 4am est candle may have been close but RSI was right at 50 I would think you'd want a little more confirmation.

Am I missing something that would have said go short?

If you want to mimic TDI on your platform other than MT4, I have seen code that has set RSI to GREEN and 13 with 50% marked. This way you have one element the other is a 7 SMA but not many platforms let you put an SMA on that window.

Also I don't use any of the B/d's listed by C-FX and the TDI stuff loaded and works fine on my IB MT4 demo.
  • #3,320
  • Feb 8, 2011 12:19pm Feb 8, 2011 12:19pm
BigE,

What SL are you using on the 5,15,1HR and 4HR charts these days?

Thanks

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