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On My Way To The Top

  • #881
  • Oct 29, 2011 2:41pm Oct 29, 2011 2:41pm
BTW: if you consider adding to some extra charts the MACD: the best results I found working for me was with setting:

FastEMAPeriod = 5
SlowEMAPeriod = 13
SignalSMAPeriod = 9

Spud used similar values for his: Spud's Lab Accident http://www.forexfactory.com/showthread.php?t=130020
(though that thread never got me much convinced)

And here a good thread about MACD: http://www.forexfactory.com/showthread.php?t=14630
worth to look at some parts of it as it fit's nicely into what we do with the stochastic.

If I remember correctly he also uses the settings above.
__Thanks__ MJ
  • #882
  • Oct 29, 2011 3:26pm Oct 29, 2011 3:26pm
Quoting pmullin86
just made an astounding discovery (by accident fooling with mtf moving averages since MJ has stirred up some thoughts and ideas of mine)...not claiming it hasn't been discovered by anyone else but I just discovered on my own so its all that matters to me...but it seems very interesting how closely the 15 50 sma follows price on the 4 hour price almost like a 4 hour trend line and how the 50 sma on the 5 minute chart does the same for the 1 hour....so I assume it would be the same effect for the 50 sma on the hour for the daily....wow....I love moving...
Interesting. Have to check this out. You know I have been thinking a kind of similar with longer stochs. I have been experimenting with 14, 75 & 100 stochs in M5 chart and I think it creates somewhat similar effects if I understood what you meant. Also interesting to check out how 75 & 100 behave with MA 50. When they go into same direction and when they are not. A good thing with these long stochs is that you can see their "result" instantly so you dont have to wait and see what it turns out to be like with mtf stoch. Just an observation. Hope you dont mind me posting it here.
  • #883
  • Oct 29, 2011 3:36pm Oct 29, 2011 3:36pm
Quoting Whistlepips
Interesting. Have to check this out. You know I have been thinking a kind of similar with longer stochs. I have been experimenting with 100 stochs in M5 chart.
The 100,3 Stoch was added by Spud ( if you know is thread) and I did use it a lot - still like it - it's a bit similar to the M15 MTF Stoch 14,3 but still different.

I definitely recommend it.
__Thanks__ MJ
  • #884
  • Oct 29, 2011 3:37pm Oct 29, 2011 3:37pm
Quoting Whistlepips
Interesting. Have to check this out. You know I have been thinking a kind of similar with longer stochs. I have been experimenting with 14, 75 & 100 stochs in M5 chart and I think it creates somewhat similar effects if I understood what you meant. Also interesting to check out how 75 & 100 behave with MA 50. When they go into same direction and when they are not. A good thing with these long stochs is that you can see their "result" instantly so you dont have to wait and see what it turns out to be like with mtf stoch. Just an observation. Hope...
No worries
spud did something similar with stochs as he would use the 5,3,3 in conjunction with the 14,3,3 as the price line and the 100,3,3 as the origin line or something like that in which it would all work together to be indicative of where price may want to go...or the general direction...
No man is free who is not a master of himself. -P.M.-
  • #885
  • Oct 29, 2011 3:38pm Oct 29, 2011 3:38pm
lol you beat me to it mj
No man is free who is not a master of himself. -P.M.-
  • #886
  • Oct 29, 2011 3:44pm Oct 29, 2011 3:44pm
Quoting pmullin86
No worries
spud did something similar with stochs as he would use the 5,3,3 in conjunction with the 14,3,3 as the price line and the 100,3,3 as the origin line or something like that in which it would all work together to be indicative of where price may want to go...or the general direction...
Yea. I think that I got the idea from spuds thread. Great stuff. The thing that got my attention was the fact that these longer stochs sometimes seem to go in line with MAs and sometimes not. I have to check this out more thoroughly.

Thanks mj also for the point.
  • #887
  • Oct 30, 2011 5:19am Oct 30, 2011 5:19am
Something I did experiment with for a while was to replace some of the Stochs with lower version but a 5 slowing instead of a 3.

e.g. the 14,3 I had replaced with a 10,5

It seemed a bit smoother at that time but if I recall correctly it was still close enough.

When I'm back to active testing/trading I might check something like that out again.



I also trade for a while a system using normal chart Stochs:

10,1,1,
20,1,1

100,3,1
20,3,1
10,5,1 (here I was still using the 10,5 instead of the 14,3)

I combined that with other stuff don't know now exactly and a number of helper charts with other time frames and Ropes ect...

I used it mainly for two things:

1. Elastic Trend Continuation trades
2. Trend change riding the 100,3 from overbought to oversold /and Os to Ob

Also something I notice in similar setups was often strong trends where more easily spotted for instance when the 20,3 overlay the 100,3 nearly perfectly.

bit like Spud's tight rope


e.g pic 1.gif below between the 2 black Vlines

See how the DarkTurquise 20,3 covers the 100,3 DarkViolete
over a 100 pip move

Shame it did not always work like that


e.g pic 2.gif nice order easily to spot

60-70pip move


e.g pic 3.gif trend change riding the 100,3 from os to ob


e.g pic 4.gif 20,3 overlays 100,3 perfectly ca. 100 pips move.
See how the DarkTurquise 20,3 covers the 100,3 DarkViolete
over a 100 pip move



e.g pic 5.gif 10,4 elastic to 100,3
BTW: there where other setups I liked more - just can't find one fast.


Anyway, don't want to spoil the thread

IMPORTANT: this was easy stuff as I selected it from past data (to make the point what I tried to trade using this Sto setup)so the outcome was clear before hand.
We all know that 'real' trading does not always (better often not) work like this



Just to give some other ideas - there are many different ways to do these things if one wants to experiment.


I have to say in that time I did not use the MTF-indicators ( I used different charts instead ) because I never like the fact they did not point till the active chart bar)



When I'm back to trading I will have to see what I will do.
At the moment I still think I will add the 100,3 as an important Sto
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__Thanks__ MJ
  • #888
  • Oct 30, 2011 6:31am Oct 30, 2011 6:31am
Thanks man. That 5 smoothens things up nicely. I have had similar thoughts with longer stochs. They seem to create a rope of a kind. Always nice to see what others have done already.
  • #889
  • Oct 30, 2011 7:01am Oct 30, 2011 7:01am
Quoting Whistlepips
Thanks man. That 5 smoothens things up nicely. .
Yes - but it all has a cost The delay becomes longer with more smoothing so they lag also more.

That's why I changed it down to 10 kperiod to be still similar as the 14,3 if I remember correctly.


It is also interesting and worth noting that Spud changed his rope settings later on (version 2 of the Rope) to slowing 1 instead of 3. Not so smooth but shows other things too.

I guess one can never have all of it together, just experience with a lot and settle for the stuff which seem to give Dollar results

Not so much the exceptionally short term returns which are counting ( I had them too - doubling the account in a relatively short time which is really nice) but I would go always after things which seem to give a relative stable result even if the return is not so outstanding.

I still hope when I'm back to active trading: that my new insight I gained by programming my new indi collection will further increase my return.

Especially I hope it will help me to avoid some of those wrong entries I experienced from time and time with purely Stochatic indicator trading.

I traded them manually and fully automatized - but I guss once I settled in SouthAmerica I will rely more on Alerters - maybe also start again fully automated trading.
__Thanks__ MJ
  • #890
  • Oct 30, 2011 7:15am Oct 30, 2011 7:15am
Quoting M_j
Yes - but it all has a cost The delay becomes longer with more smoothing so they lag also more.

That's why I changed it down to 10 kperiod to be still similar as the 14,3 if I remember correctly.


It is also interesting and worth noting that Spud changed his rope settings later on (version 2 of the Rope) to slowing 1 instead of 3. Not so smooth but shows other things too.

I guess one can never have all of it together, just experience with a lot and settle for the stuff which seem to give Dollar results

Not...
Yes a steady gain would be something to be aimed at.
  • #891
  • Oct 30, 2011 10:18am Oct 30, 2011 10:18am
you guys might be interested in http://www.forexfactory.com/showthre...35#post5084535

if you want to play around a bit:

First post of my indi thread: TUTORIAL TEMPLATE FOR Alerter Pmullin86 System.zip
__Thanks__ MJ
  • #892
  • Oct 30, 2011 10:40am Oct 30, 2011 10:40am
I thought I post at least one nice entry:

good R:R if one sets SL at last low.


Combine Alerter should report such - hopefully

ENTRY is at candle open time
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__Thanks__ MJ
  • #893
  • Oct 30, 2011 10:53am Oct 30, 2011 10:53am
Hi pmullin86,

you remember I mentioned some post back I thought maybe the Ma touch price should be slightly modified.

Now I found with the new template a pic what I meant. see below.

The yellow area should MAYBE also trigger combined signals - at least the one where the price is between MA1 an MA3

Not sure - this was only what I meant when I posted that then.



Quoting M_j
For the MA there is something more I wanted to say: when I restarted some coding a couple of days ago I thought maybe the way we have the MATouch Price might not be the best for the alerter.

Maybe it would be better to have it that the price must be between the MA boundary - I guess that would give some more signals in the same quality.
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__Thanks__ MJ
  • #894
  • Oct 30, 2011 11:40am Oct 30, 2011 11:40am
Yes, I remmeber the post and knew what you meant but wasn't sure if it was possible to code an alert to capture something like that...as that set up does happen often enough to where an alert for that situation would be very helpful if possible...
No man is free who is not a master of himself. -P.M.-
  • #895
  • Oct 30, 2011 12:03pm Oct 30, 2011 12:03pm
Quoting pmullin86
but wasn't sure if it was possible to code an alert to capture something like that...
Somehow it surely can be done: but I also did not think it through.
Maybe it's bit tricky not sure yet.

The trouble like in the posted picture is that otherwise many (maybe good) opportunities are passed - or like in the picture late (or too late) Alerted.

I have to admit the pic is not the best as the MA order was up but it seems nearly flat for an extended period.


Anyway, I think one will still have to play around with the current test template/indi so to see if until now the single Alerts are more or less ok.

From what I just quickly saw, probably slight changes to the 'rules' might be of advantage as the open bar value based indi work slightly different than the 'normal ones'.

If this works out well, I might give it afterwards a chance to change the Ma touch Price to use a zone between two defined MA

Anyway: I hope in your own interest you try to play around a bit with the template/indi I posted.

I believe the single VAlerts can be of great importance to give ideas how to optimize the system (of course - this is not 'exactly what you trade because of the new indi and also the way the MTF-Stoch are not using 'closed Bars' but the Current MTF bar.

I guess I wait a bot for the combined alerter - till you feel comfortable with how the single once work - no point otherwise to combine them

MUCH SUCCESS to your trading (just 2 month and you go full time?)

MJ
__Thanks__ MJ
  • #896
  • Edited 12:43am Oct 31, 2011 12:31am | Edited 12:43am
bought this pair since wednesday but woke up this morning to this...cant ask for anything more...


thanks azumi lol...almost a 20% trade
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No man is free who is not a master of himself. -P.M.-
  • #897
  • Oct 31, 2011 3:41am Oct 31, 2011 3:41am
Quoting pmullin86
bought this pair since wednesday but woke up this morning to this...cant ask for anything more...


thanks azumi lol...almost a 20% trade
Well, I guess you can sleep the rest of the week

Just thought the other night, that the new version of the MTF-STO Alerter (with added suggestions from pmullin86) could be quite nicely be used to 'partially' Alert for Spud's MTF The Escalator to Pips Strategy

http://www.forexfactory.com/showthre...83#post5086583
__Thanks__ MJ
  • #898
  • Edited 5:46am Oct 31, 2011 5:33am | Edited 5:46am
Nice one with the tutorial template


important: because it is open bar value based indis: I can correctly assume that the entry can be made at the opening of that bar and not like with normal STO at the close (actually opening of next bar)

Anyway, I saw this now by hindsight but still a nice catch for an alerter


Some other thoughts: if one would use for both MTF Sto D1,H1 real direction: set Ob101, Os -1 it might be also easier to stop a potential time when to get out.

I did yesterday a little chart starring and some theory idea

1. As long as the MTF-STO Alerter is blue (if set to real direction like above mentioned) - it should be 'quite save' (not the lowest of them is H1 so there could be still fast spikes and turn arounds.) but still - here it would have forked nicely - till the H1 Ured) would turn the direction up.

2. once in a trade: as long as the chart sto is in opposite color - there should also be not too much danger - as it is below the 50 line.

If one puts the two above together:

In this sell case:

 

  1. MTF-STOk alert blue
  2. ALopSTOkEntryLevelCHK red (opposite color)

we should be quite save: not 100% but maybe something to watch at least in theory.

Attached Image (click to enlarge)
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__Thanks__ MJ
  • #899
  • Oct 31, 2011 5:46am Oct 31, 2011 5:46am
I did some small test and here below is a pic where I adjusted the setting a bit like what I experimented yesterday night.


Now check what I meant above (actually my Mtf-Sto Alerter settings are a bit different: I use for D1,H1 both the same:
Ob = 90, Os=10 and both consider the Ob as UP - unlike what you do and Os as Down)


But you see as long as the MTF-STO is BLUE AND the Chart Sto (last alert) is opposite red - it would be quite save.

Just an idea to play around. Don't take this as a rule
Attached Image (click to enlarge)
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__Thanks__ MJ
  • #900
  • Oct 31, 2011 6:13am Oct 31, 2011 6:13am
Did the new BarTouch Ma Zone idea indi: a first version. seems ok at first look - but will still need some real check for correctness


see: http://www.forexfactory.com/showthre...60#post5086760.Theoretically I guess it will be more helpful than the previous single MA touch price one: giving a number of more Alerts (hopefully correct ones) when it is integrated in the combined Alerter - but one will see.
__Thanks__ MJ
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