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  • #41
  • Mar 23, 2011 9:53am Mar 23, 2011 9:53am
Wow..

These divergence signals from OsMA are very powerfull in combination with Stochastics!

Thanks to pmullin!
Life is great!!
  • #42
  • Mar 23, 2011 10:14am Mar 23, 2011 10:14am
Sorry, I didnt read all on the pmullin thread..

I'm reading about the alerter rigth now!

You are a hero..
Life is great!!
  • #43
  • Mar 23, 2011 1:40pm Mar 23, 2011 1:40pm
Perhaps the integration of flexible conditions for running all kinds of scenario's isnt that difficult after all to implement in the Stochastics Multi line Alerter!

I think I've pritty much got the picture of how the flow of input and calculation behind it could be written down. I have been looking at the coding in your Alerter and it looks much like visual basic, not sure(long time ago I studied visual studio)..

Here it comes:

//Enter values for selected TF's Stochastics for LONG and SHORT Alert.
Inputs:
Repeat following procedure for 1/5/15/30/60/240/(1440?)minute Stochastic Lines:
-------------------------------
Include Stoch1: True/False
Stoch1_Timeframe: 1(Minute)
Variables:
-Long Trades:
MinEntryLevel_Long: Value
MaxEntryLevel_Long: Value
-Short Trades:
MinEntryLevel_Short: Value
MaxEntryLevel_Short: Value
---------------------------------

Formula: Calculate direction from all selected Stochastics from previous procedure. If all lines from stochastics same direction: evaluate the values from previous procedure. If all is TRUE: give Alert.

//Compare individual lines from stochastics.
Note: Compare Stochastics1(min) with Stochastics5(min)
Comparison: TRUE/FALSE
//Standard = FALSE(situation is TRUE if both declining or rising)
//If set to TRUE: evaluate following:
Stochastics1 > Stochastics5: TRUE/FALSE(if FALSE Stochastics1 < Stochastics5!!)

Note: Compare Stochastics1(min) with Stochastics15(min)
Comparison: TRUE/FALSE
//Standard = FALSE(situation is TRUE if both declining or rising)
//If set to TRUE: evaluate following:
Stochastics1 > Stochastics15: TRUE/FALSE(if FALSE Stochastics1 < Stochastics15!!)

Note: Compare Stochastics5(min) with Stochastics15(min)
Comparison: TRUE/FALSE
//Standard = FALSE(situation is TRUE if both declining or rising)
//If set to TRUE: evaluate following:
Stochastics5 > Stochastics15: TRUE/FALSE(if FALSE Stochastics5 < Stochastics15!!)
----------------------------------
You can repeat this proces for the Stochastics30, Stochstics60 etc..

Probably you have to do this procedue of comparison of the lines for SHORT Alerts and for LONG Alerts seperately!!
It will be some very lengthy string of Input Fields but in theory it should work! This way you can very flexible create your own search criteria quite easely(I didnt say writing was easy.. http://www.forexfactory.com/images/s...im/whew%21.gif)..

What do you think of the flow so far?
Life is great!!
  • #44
  • Mar 23, 2011 1:56pm Mar 23, 2011 1:56pm
Quoting despichtt
But if we could make this flexible, we can make scanners of all sort of scenario's; someting like the holy grale for Stochastics.
I realize its very difficult to implement flexible formulas for calculations. If you think its very hard to implement please tell me: I will probably pay for some programmer!
As I said before: I'm surely not the best programmer and I'm not too familiar with MT4 either. As I suggested before you might consider hiring a real professional MT4 programmer.

But despite this limitations I did on my past customary trading system really very complex stuffs. And I have developed my own approach of developing whole trading systems over quite a number of year. (No intention of doing this on MT4 though).

Anyway: I think we might get a nice helpful indicator together.

But one thing I can promise already: we can make scanners of all sort of scenario's; someting like the holy grale for Stochastics.

this will not work

If you read through some of my older stuff on my journals and Spud's thread you will see that I did scan a lot of pairs all forward testing on real data (sometimes 20+ accounts at once).

Some did / do work quite well, some did not work - but none is or was without it's own fault too.

Maybe one thing to mention is that my stochs systems where only Stochastic based (a bit of Price action too).

Implementing some other things like trend scanner or such might improved also upon it.

Anyway to make it short:

Personally I intend to make a flexible indicator but not an automated full system.
I intend to use only MA and Stochastic combinations a bit of Price action (like where to close in the other Alerter)

Baseline is: to have a nice support/help for manual trading and not an automatized one.

I hope this helps you to decide if you want to hire someone which is a perfectly good decision too
__Thanks__ MJ
  • #45
  • Mar 23, 2011 2:03pm Mar 23, 2011 2:03pm
Quoting despichtt

What do you think of the flow so far?
Well, probably we will need something more complex

Anyway I have some ideas about it: I did today a little bit related to it.


My advice is: do not but to much emphasis on it: there is no easy way out of the trading process.

And believe me: only because some stuff and rules are more complex does not mean you get better entries or exists. Sometimes the plain simple stuff is not bad after all

(But some things can make life easier like a simple flexible alerter
__Thanks__ MJ
  • #46
  • Mar 23, 2011 2:22pm Mar 23, 2011 2:22pm
Quoting M_j

But one thing I can promise already: we can make scanners of all sort of scenario's; someting like the holy grale for Stochastics.
Maybe one thing to mention is that my stochs systems where only Stochastic based (a bit of Price action too).
We should always look to improve here and take a good look first before entering the market! I think the OsMA implementation and ofcourse some of the rope theary could be very helpfull. I dont trade all strong situations as well; often spooked out by something..
Implementing some other things like trend scanner or such might improved also upon it.

Personally I intend to make a flexible indicator but not an automated full system.
I would never trade an automated system! I like the thrill of being in a trade as wel..
I intend to use only MA and Stochastic combinations a bit of Price action (like where to close in the other Alerter)
I also only use EMA criteria!

Baseline is: to have a nice support/help for manual trading and not an automatized one.
I fully agree!!

I hope this helps you to decide if you want to hire someone which is a perfectly good decision too
I think it would be great if you could implement something I wrote in the previous post! To add even more would be amazing but like you said: don't make it too complex. Would be great fun to share all settings afterwards as well!
Realy looking forward!

Please share your other ideas with me; I love to hear all..
Life is great!!
  • #47
  • Mar 23, 2011 2:37pm Mar 23, 2011 2:37pm
Quoting despichtt

Please share your other ideas with me; I love to hear all..
Well, I posted on the other thread some simple but probably useful stuff related to the alerter.

Yep, many ideas: but no time to share I need to work on the alerter
__Thanks__ MJ
  • #48
  • Mar 23, 2011 2:53pm Mar 23, 2011 2:53pm
Quoting M_j
Well, I posted on the other thread some simple but probably useful stuff related to the alerter.

Yep, many ideas: but no time to share I need to work on the alerter
Strangly, I never thougth about the option on scanning the markets fot complex MTF Stochastics criterea since I met you! It realy openes my mind..

It would be great to close your eyes for a while as well(especialy in the morning..) and simply wiat for the bell to ring on your most favorable situations!

I think you should seriously explore the effect of the value of the OsMA indicator as well; its very supportive!

Still have to read the other thread; I'm switching rigth now.

You are doing a major job MJ!!
Life is great!!
  • #49
  • Mar 24, 2011 7:40am Mar 24, 2011 7:40am
Quoting M_j
BTW I played for the MACD with different wsettings but found the one from H4 MACD thread most useful: Spud had also one test thread with the color MACD

http://www.forexfactory.com/showthread.php?t=130020
I've been reading this thread, now understand the value of the (100,1,3) line as its very close to pricemovement. I will employ from now on! I will study the Elestic theory some more with integration of the (100,1,3)..
Life is great!!
  • #50
  • Edited 9:16am Mar 24, 2011 9:00am | Edited 9:16am
I quite like to work with the (100,1,3). but if you compare it on a 5M with maybe a higher 14.1.3 I guess it is similar to the 14,1,3 on a H1 or so.

If I remember correctly (long time ago I read the thread) Spud mentions somewhere in a small side-note that he did trade quite a lot the Elastic.

As I said - one may also not put to much emphasis on elastic is mostly it is a full fledged turn on a lower TF.
__Thanks__ MJ
  • #51
  • Edited 10:33am Mar 24, 2011 10:05am | Edited 10:33am
Quoting M_j
I quite like to work with the (100,1,3). but if you compare it on a 5M with maybe a higher 14.1.3 I guess it is similar to the 14,1,3 on a H1 or so.

If I remember correctly (long time ago I read the thread) Spud mentions somewhere in a small side-note that he did trade quite a lot the Elastic.

As I said - one may also not put to much emphasis on elastic is mostly it is a full fledged turn on a lower TF.
What I dont understand is these settings: He uses (100,3,3) but I dont see the slow line at all?

When I do this settings on my own existing templates I get 2 lines(Like you would expect)..

The indicators he uses are the same as the indicators that I'm using so far as I can see!?

Confusing..
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  • #52
  • Mar 24, 2011 11:08am Mar 24, 2011 11:08am
As I much as I know he Spud always disabled the Color for the D&% line (also what I usually do. in that case it was not really plotted)

just imagine his original rope with the 6,3,3 up to 24,3,3 with all the D% lines too

Well, just what I understood.

Different than the what boxingislife did for trend in bringin sexy back - stochastics http://www.forexfactory.com/showthread.php?t=13321 (still worthy to take a look at)
__Thanks__ MJ
  • #53
  • Edited 12:25pm Mar 24, 2011 11:43am | Edited 12:25pm
Quoting M_j
As I much as I know he Spud always disabled the Color for the D&% line (also what I usually do. in that case it was not really plotted)

just imagine his original rope with the 6,3,3 up to 24,3,3 with all the D% lines too

Well, just what I understood.

Different than the what boxingislife did for trend in bringin sexy back - stochastics http://www.forexfactory.com/showthread.php?t=13321 (still worthy to take a look at)
I downloaded his template to be absolutely sure. The inputs I read were (14,3,3) and (100,3,3). Still I see only 1 line.
I did exactly the same settings on the same indicator but still get 2 lines(as I expected it to draw 2 with this settings)..
Very strange but not that important at all..
I just change the (100,3,3) for the (100,1,3) and get the same result!

Very intresting stuff I'm reading on this Sonic Setup; not finished yet..

You are rigth about the (100,1,3): it mimics much of the H1 as well(also reflecting price)! Nice to see how the fast lines behave like a 1min stochastics line as well..
Life is great!!
  • #54
  • Mar 24, 2011 12:48pm Mar 24, 2011 12:48pm
if I remember correctly the Sonic Setup was some continuation of the Rope (but he changed the settings to 6,1,1/7,1,1 and so on.
__Thanks__ MJ
  • #55
  • Mar 24, 2011 4:56pm Mar 24, 2011 4:56pm
Quoting M_j
if I remember correctly the Sonic Setup was some continuation of the Rope (but he changed the settings to 6,1,1/7,1,1 and so on.
Just read your very first post on the Spud thread! Nice..

Been studying all day on this Sonic thing..
Very strong performance from the Spudman!
Now I understand much more from this Elastic trading you were showing and these settings.
Looks to be a very nice instrument!

Have you been trading like this much in the past?
Life is great!!
  • #56
  • Mar 24, 2011 5:31pm Mar 24, 2011 5:31pm
In the very beginning I disregarded elastic completely: a number of reasons:

Spud did not so much emphasis it. And I always felt it was a weaker case. A bit like you..

and I also started to build some test programs around spuds ideas and did not want to overcomplicate it for a start.

Later on I included it: but especially when I started to overlay multiple Stochs in one window elastic became more visual.
(mostly same TF because id di not like the existing 'MTF stoch indicator not paiting till the active bar candle.)

I did start a good bit reading on the bring back sexy stochastic thread and some other internet sites (I think they call it slingshot system) http://www.trading-naked.com/Slingshot.htm

Anyway mainly through watching the charts in a MTF enviroment I got more interested.

Additionally adding the MACD for some time also helps like the 0 line bounces and watching the MultiStochs.



But don't get me wrong: I would not but too high emphasis on Elastic as if they where the absolute answer. I also do mostly not do the very low elastic settings like on the sling shot side. Also I pointed it out already in a post before: and elastic on 1 timeframe is most of the time a full stoch move on a other - so it's difficult to say what one does trade finally
__Thanks__ MJ
  • #57
  • Mar 24, 2011 5:55pm Mar 24, 2011 5:55pm
Quoting M_j
In the very beginning I disregarded elastic completely: a number of reasons:

Anyway mainly through watching the charts in a MTF enviroment I got more interested.

But don't get me wrong: I would not but too high emphasis on Elastic as if they where the absolute answer. I also do mostly not do the very low elastic settings like on the sling shot side. Also I pointed it out already in a post before: and elastic on 1 timeframe is most of the time a full stoch move on a other - so it's difficult to say what one does trade finally
Later on I included it: but especially when I started to overlay multiple Stochs in one window elastic became more visual.
I think this change from (6,1,3) to (6,1,1) makes a lot of scence because you get an even clearer picture of the siuation.

I did start a good bit reading on the bring back sexy stochastic thread and some other internet sites
I still have the thread open but I'm so tired from all Sonic stuff I can only handle looking at pictures rigth now!

Nice to see your communications with the illusive Spudman himsef!!

Additionally adding the MACD for some time also helps like the 0 line bounces and watching the MultiStochs.

I read the (short)thread on the MACD(not very convincing to me this 4bar reversal theory but didnt check much on it) but didnt read any in the Predictive MTF thread; did I miss it or still to come?

Its a shame he never took a look at the OsMA; would have been great!

Spud did not so much emphasis it. And I always felt it was a weaker case. A bit like you.. and I also started to build some test programs around spuds ideas and did not want to overcomplicate it for a start.

I still dont know how it ended; very curious but waaaay too tired...
Life is great!!
  • #58
  • Mar 25, 2011 4:11am Mar 25, 2011 4:11am
red response MJ

Later on I included it: but especially when I started to overlay multiple Stochs in one window elastic became more visual.
I think this change from (6,1,3) to (6,1,1) makes a lot of scence because you get an even clearer picture of the siuation.

in my point of view: yes and no. I played also with using a middle slowing of 2.

Personally I do not believe one gets always a clearer picture because it is at times not smooth enough.

But each one as advantage too.

If you look at the beginning of this thread you will see I included a 'small subset of the rope with x,1,1)

Stoch1: 10,1,1 One of the Blue Rope Part
Stoch2: 20,1,1 One of the Red Rope Part


Nice to see your communications with the illusive Spudman himsef!!

I was a bit lucky: because he was away for about 1 year and when I started checking out this forum he had just come back.

Additionally adding the MACD for some time also helps like the 0 line bounces and watching the MultiStochs.

I read the (short)thread on the MACD(not very convincing to me this 4bar reversal theory but didnt check much on it) but didnt read any in the Predictive MTF thread; did I miss it or still to come?

Way back I just skipped through Spud's MACD -(but never got too much interested either) but I meant the H4 MACD thread.


Its a shame he never took a look at the OsMA; would have been great!

Well,at the moment I'm considering seriously to remove the MACD completely.
__Thanks__ MJ
  • #59
  • Mar 25, 2011 6:38am Mar 25, 2011 6:38am
You wrote somewhere: Spud did quite some Elastic trading on this Sonic Rope settings.

What exacty do you mean by this Elastic trading? Do you mean trading big gaps between the (100,3,3) and the (14,3,3) or some situations where lets say (14,3,3) is above (100,3,3) and yet the fast lines(blue lines like (6,1,1)) have crossed below the (100,3,3) and crossing up again?

This story on confirming InnerBar doesnt look very strong to me(when rope crosses(100,3,3) or (14,3,3) in overbought/sold situations. If I looked back on the charts its too much of grabbing water to me. I also installed some indicator: InsideBar.ex4. but it didnt make a strong case for conformation as well(I attached)..

I don't understand his defenition of an 'Over Market' eather; can you explain this to me?
Attached File(s)
File Type: ex4 InsideBar.ex4   3 KB | 210 downloads
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  • #60
  • Mar 25, 2011 9:03am Mar 25, 2011 9:03am
You wrote somewhere: Spud did quite some Elastic trading on this Sonic Rope settings.

If remember correct (at that's a long time ago) I asked Spud something like what he prefers to trade (not exactly sure any more the wording) and he mentioned the Elastic on a sidenote. But I do not bother to look for this post.

What exacty do you mean by this Elastic trading?

in short: the principle that a smaller Stoch will return to a bigger one if there is no trend change.

As quite a number of people got confused by the way Spud shared the same principle in many different ways ( I actually liked it a lot) so it also goes here.

'Bringing back sexy stoch' (in one of his writings Spud actually refereed to that thread) is based on such principal as well as the slingshot page i posted.

In Spuds later teaching it was the Stoch 100 at the opposite side of the 14 and the 14 returning back to the 100.

I did not follow any of that 3 mentioned sources by letter.

Maybe when I resume some trading and i come across a nice example I post some pics.


I guess you will still have to do a lot of reading if you want to follow some of this things.

For instance Spud had posted a view other stoch related threads before the

'Spud's Predictive MTF Stochastics'. go to his profile and take a look: here the direct link: Spud's Predictive MTF Stochastics




This story on confirming InnerBar doesnt look very strong to me(when rope crosses(100,3,3) or (14,3,3) in overbought/sold situations. If I looked back on the charts its too much of grabbing water to me. I also installed some indicator: InsideBar.ex4. but it didnt make a strong case for conformation as well(I attached)..

I don't understand his defenition of an 'Over Market' eather; can you explain this to me?

I don't remember the part of the InnerBar - probably because I did not care.

I'm not exactly sure what was the discussion points but if you want to read up more on it in general: I did later once play around and open a thread but did not follow it through: http://www.forexfactory.com/showthread.php?t=152419

Read up on Master Candles, IB Candles


More recently I did get again a bit thinking about it because of an other helpful thread I started partially reading: http://www.forexfactory.com/showthread.php?t=11854

Golfer does more price action stuff.
__Thanks__ MJ
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