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Attachments: On My Way To The Top
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On My Way To The Top

  • #81
  • Mar 14, 2011 6:22am Mar 14, 2011 6:22am
Yes, I also found the 100,3 a very useful Stochastic. Spud did a good job with it.
__Thanks__ MJ
  • #82
  • Mar 14, 2011 6:46am Mar 14, 2011 6:46am
Yes and I must thank you for your post the other day in here that made me remember how much I loved using the 100,3 and how useful it can be...I went through a period where I would use it all the time but that was with a different type of method I put together but basically the same concept...so thanks mj...

Paul
No man is free who is not a master of himself. -P.M.-
  • #83
  • Mar 14, 2011 7:29am Mar 14, 2011 7:29am
BTW: I did a very simple alerter for you. just have to let it run a bit to see roughly if it's ok - the real testing you will have to do yourself. (I'm not the best programmer and especially I do not have much MT4 experience - just that you know)

Anyway what I do with my own alerts - you can see from the picture below: all my Pairs in one window and each one with my alerter.

So it's easier to keep track of a big number of Pairs.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot.png Size: 119 KB
__Thanks__ MJ
  • #84
  • Mar 14, 2011 7:50am Mar 14, 2011 7:50am
Perfect thats exactly what I wanted it for so that I could keep tabs on a number of pairs at a time and than once I get the alert just go and see if the situation is ideal for an entry or what needs to happen before entering...should help save some time since I know exactly what I'm looking for...I really appreciate that and of course I dont mind doing the major testing myself...

Thanks

Paul
No man is free who is not a master of himself. -P.M.-
  • #85
  • Mar 14, 2011 8:53am Mar 14, 2011 8:53am
hi pmullin86,

I do not have much time to test. So, I just upload it here and you can play around with it - hope it does what you need.


BTW: I decided to not use the arrow but plot it as bars in the indicator window.

just some points:
1. No past directions are plotted.
2. Alert should only be at the first common direction bar.
3. Option: ConsiderOverBoughtSold: if true it should only alert when all 3 stochs are between the overbought/oversold area and have a common direction.
4. I use as default color Red for UP and Blue for Down - but you can change that
5.SoundFileName:you can change the soundfile.. a soundfile with such name must be in the 'sounds' folder.
Attached Image
Attached File(s)
File Type: ex4 MultiStochDirectionAlert_mj_v.1.02.ex4   7 KB | 360 downloads
File Type: mq4 MultiStochDirectionAlert_mj_v.1.02.mq4   8 KB | 567 downloads
__Thanks__ MJ
  • #86
  • Mar 14, 2011 9:10am Mar 14, 2011 9:10am
Alright perfect this should be all I need..and nothing more...I am going to use this throughout the week testing it and I will get back with you and let you know what I think...Simple is best so this should absolutely do the trick for me...

thanks again


Paul
No man is free who is not a master of himself. -P.M.-
  • #87
  • Mar 14, 2011 1:52pm Mar 14, 2011 1:52pm
Hello M_J and thank you for your indicator. I however have a small problem with it: I coorectly have the alerts but the bars are not displayed on my screen. Could anyone help me ?

Thanks !
  • #88
  • Mar 14, 2011 4:06pm Mar 14, 2011 4:06pm
I have dificulties composing all colors sometimes..
New setup with the rope separately; quite a bit of work to do if you like to change the color on the rope figure
Attached Image (click to enlarge)
Click to Enlarge Name: 210211 c.jpg Size: 248 KB
Life is great!!
  • #89
  • Mar 14, 2011 4:31pm Mar 14, 2011 4:31pm
I'm loosing it
Attached Image (click to enlarge)
Click to Enlarge Name: 210211 c.jpg Size: 98 KB
Life is great!!
  • #90
  • Mar 14, 2011 4:42pm Mar 14, 2011 4:42pm
Quoting Koopa
Hello M_J and thank you for your indicator. I however have a small problem with it: I coorectly have the alerts but the bars are not displayed on my screen. Could anyone help me ?

Thanks !

Not sure: there are 2 things.

1. You only see the bars if the chart timeframe is smaller or the same as the lowest stoch settings.

e.g. if the 3 stoch timeframes are M5,M15,M30

your chart must be M1 or M5 otherwise you won't see any bars.

And also you do not get any bars for past data:
__Thanks__ MJ
  • #91
  • Mar 14, 2011 4:44pm Mar 14, 2011 4:44pm
Quoting despichtt
I have dificulties composing all colors sometimes..
New setup with the rope separately; quite a bit of work to do if you like to change the color on the rope figure
I usually edit such things from a template in a text editor with replace.
__Thanks__ MJ
  • #92
  • Edited 5:18pm Mar 14, 2011 4:54pm | Edited 5:18pm
Hey mark,

Why are you losing it.? Or what do you mean?
No man is free who is not a master of himself. -P.M.-
  • #93
  • Edited 7:17pm Mar 14, 2011 5:17pm | Edited 7:17pm
I mentioned earlier about how if we get a long signal on the higher time frames when we take a signal on the lower time frame we can actually hold onto the position according to that longer term with a perfect example being the eur usd trade on Friday I referenced to and now that position would be about 240 pips up which isn't bad at all I don't think and we can see the buying pressure with the gap up on the Sunday open of about 50 pips.

Paul
No man is free who is not a master of himself. -P.M.-
  • #94
  • Mar 15, 2011 2:55am Mar 15, 2011 2:55am
Quoting pmullin86
Hey mark,

Why are you losing it.? Or what do you mean?
Look at the different colors on the rope in the three screen setup!

Acid my friend, I told you before..
Life is great!!
  • #95
  • Mar 15, 2011 3:05am Mar 15, 2011 3:05am
Great case for a short, looking at the rope and strong setup from all Stochastics TF's!
Attached Image (click to enlarge)
Click to Enlarge Name: 210211 c.jpg Size: 248 KB
Life is great!!
  • #96
  • Mar 15, 2011 3:08am Mar 15, 2011 3:08am
Even stronger case for the GBP!
Attached Image (click to enlarge)
Click to Enlarge Name: 210211 c.jpg Size: 243 KB
Life is great!!
  • #97
  • Edited 4:19am Mar 15, 2011 3:23am | Edited 4:19am
As with most strategies, and Spud's is no difference it is quite easily to spot nice setup on past data:
But the real difficulty is on live active candles and that is the only one which really counts.

I'm sure all of you experience this also by trying to follow any setups.

I played quite a bit with the rope: and still like it and find it useful - but the fact is even with a lot of screen time: live candles are very different than past data.
__Thanks__ MJ
  • #98
  • Mar 15, 2011 3:45am Mar 15, 2011 3:45am
Quoting M_j
As with most strategies, and Spud's is no difference it is quite easily to spot nice setup on past data:
But the real difficulty is on live active candles and that is the only one which really counts.

I'm sure all of you experience this also by trying to follow any setups.

I played quite a bit with the rope: and still like it and find it useful - but the fact is even with a lot of screen time: life candles are very different than past data.
Thats very true; life watching isnt that clear at once always!

If you are watching backwards you have to add some 5minutes to make sure you saw much of the same picture real time.
The rope can speed things up I'm discovering though!
I often take a candle that closes above the EMA(6) or some engulfing to validate some trade..
Life is great!!
  • #99
  • Mar 15, 2011 4:22am Mar 15, 2011 4:22am
What criteria do you guys use to decide a pairs spread is too expensive?
__Thanks__ MJ
  • #100
  • Mar 15, 2011 4:24am Mar 15, 2011 4:24am
I took the 0500ET south on the EUR.
I like to see the 15min coming down from overbougth inline the H4 very much; took profit on the 1.3877 resistance level.
More to come probably but I dont care; I only need one good move for the day to make a good living..
Attached Image (click to enlarge)
Click to Enlarge Name: 210211 c.jpg Size: 248 KB
Life is great!!
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