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1min Tricolour

  • #21
  • Nov 14, 2011 10:51am Nov 14, 2011 10:51am
Mine also crashes. Tried two different MT4 providers.
  • #22
  • Nov 14, 2011 10:56am Nov 14, 2011 10:56am
Yes, that struck me as well! According to your rules is is a condition that price pulls back into the blue / green zone ... but in that example price exceeded that zone ...

In that context ... the same example in post 1 ... the 2 arrows showing "Fail 5 %" and "10 %" .. I cannot see any trades in that area or to what are the 2 arrows refering to ?

Thanks a lot!


Quoting ozziedave
Hi Paulus...

In your first post, first picture, the second trade (long entry) comes well below the blue/green zone. What makes you take the long trade here, the fact that the MAs are still in order for a long or the fact that the stochs are oversold?
  • #23
  • Nov 14, 2011 11:09am Nov 14, 2011 11:09am
As said i'm posting the EOD chart, from 08 'till 18 GMT+1.

Trending day, we have 6 trades, 4 positive and 2 negative, a virtual +30% increase.

Tomorrow i will start my forward test, see you!
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  • #24
  • Nov 14, 2011 11:34am Nov 14, 2011 11:34am
Quoting SteMag
As said i'm posting the EOD chart, from 08 'till 18 GMT+1.

Trending day, we have 6 trades, 4 positive and 2 negative, a virtual +30% increase.

Tomorrow i will start my forward test, see you!
Some of your losers I won on because I waited for the short stoch to cross back down over the 80 line as opposed to taking it while still in overbought territory.
Small disciplines repeated with consistency lead to great achievements.
  • #25
  • Nov 14, 2011 12:29pm Nov 14, 2011 12:29pm
Quoting Dortmunder
Yes, that struck me as well! According to your rules is is a condition that price pulls back into the blue / green zone ... but in that example price exceeded that zone ...

In that context ... the same example in post 1 ... the 2 arrows showing "Fail 5 %" and "10 %" .. I cannot see any trades in that area or to what are the 2 arrows refering to ?

Thanks a lot!
I just traded according the to the allignment of the three moving averages. As long as they were in proper order for a short or for a long, I just took trades in that direction, regardless of where the pullback came to.
Small disciplines repeated with consistency lead to great achievements.
  • #26
  • Nov 14, 2011 1:41pm Nov 14, 2011 1:41pm
Quoting redhouse
Paulus, in your description you list both stoc as low/high. In the attached charts the slow stoc is set at close/close.

Which is correct, please? Thanks......

Cl / Cl sorry p
  • #27
  • Nov 14, 2011 1:45pm Nov 14, 2011 1:45pm
Quoting SteMag
I don't know if this trading system will work out in real market environment, and i don't really like this trading style, nor the money management..

But meh, this stuff makes 100% sense.. kudos to you Paulus!!
I dump things in FF that are in my head and Ive had good results with if you use just 1 part or it gives an idea then you have gained from reading the post ..we have to shre ideas

The % method is good when trading across 2 or 3 pairs as the $/pip value is different

Ie make 30 pips on a $1/ pip and lose 15 pips on a $2 pip pair and your break even on the day

Risk 5% or 1% of bank on each and your in the black

Plus I see guys stating they take 100pips a day out of the market but thier account doesnt grow..when I see 10% gain on each winner and 5% loss on each loser I feel good ..
P
  • #28
  • Nov 14, 2011 1:51pm Nov 14, 2011 1:51pm
Quoting julai
Hi Paulus,

Could you post the mq4 file of the StochasticColor indy? My Mt4 crashes everytime I load the indicator.

Many thanks.

julai
here u go

P
Attached File(s)
File Type: mq4 StochasticColor.mq4   5 KB | 799 downloads
  • #29
  • Nov 14, 2011 1:53pm Nov 14, 2011 1:53pm
Thanks Paulus. Then that would make all the charts and results listed so far in this thread unrepresentative of your method.

I believe the template download uses close/close for the slow stoc. Suppose we should change that for accurate recults.
  • #30
  • Nov 14, 2011 1:53pm Nov 14, 2011 1:53pm
Quoting jmflukeiii
Some of your losers I won on because I waited for the short stoch to cross back down over the 80 line as opposed to taking it while still in overbought territory.
yes you can do this gets you in later but may give a better chance of winning due to the fact that the stoch is moving down past OB now and not just down ticking above 80 meaning possible upward movement still

What ever you feel comfortable with

P
  • #31
  • Nov 14, 2011 1:59pm Nov 14, 2011 1:59pm
set to show market open times in your own time zone

Cheers
Attached File(s)
File Type: ex4 Market_Open_Lines c.ex4   7 KB | 718 downloads
  • #32
  • Nov 14, 2011 5:00pm Nov 14, 2011 5:00pm
Hi Paulus !

Thanks for sharing your trading idea

By the way what settings do you recommend on the 5min charts ?

Regards

Bernhard
  • #33
  • Nov 14, 2011 11:48pm Nov 14, 2011 11:48pm
Quoting behof
Hi Paulus !

Thanks for sharing your trading idea

By the way what settings do you recommend on the 5min charts ?

Regards

Bernhard
I havnt looked at 5min with this..I do trade on the 5min with another system but use the 1min with this while waiting for signals on that

cheers

P
  • #34
  • Nov 15, 2011 1:18am Nov 15, 2011 1:18am
Quoting Paulus
I dump things in FF that are in my head and Ive had good results with if you use just 1 part or it gives an idea then you have gained from reading the post ..we have to shre ideas

The % method is good when trading across 2 or 3 pairs as the $/pip value is different

Ie make 30 pips on a $1/ pip and lose 15 pips on a $2 pip pair and your break even on the day

Risk 5% or 1% of bank on each and your in the black

Plus I see guys stating they take 100pips a day out of the market but thier account doesnt grow..when I see 10% gain on each winner...
Makes sense

Started my forward test on EU, GU, EJ, UC, however i will see if i'm able to follow all those pairs together on the 1min
  • #35
  • Nov 15, 2011 1:52am Nov 15, 2011 1:52am
A question Paulus, it's really important: how do you manage the spread?

1st trade stopped by spread.
  • #36
  • Nov 15, 2011 9:40am Nov 15, 2011 9:40am
Here is a EUR long trade I took for 8 pips. I know, not a big trade but I'm still learning too. On the first chart we can see the EUR has come down to a support level. The MAs are still in line for an up trade but look ready to cross to the downside. Now most of the time I would wait until the MAs are lined up with a bit more slope to the upside but in this case we have a nice rejection off the support area.

The stochs are in oversold land and we get a nice bullish candle.
Attached Image(s) (click to enlarge)
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  • #37
  • Nov 15, 2011 11:29am Nov 15, 2011 11:29am
Are you still using the 123 countertrend method on the M5 charts?
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #38
  • Dec 4, 2011 5:49am Dec 4, 2011 5:49am
Sorry been away for a while

I use spread betters dont forget so my calculation is quick when the trade is setting up

Some times I mis calculate and get 7% other times I get 11 or 12 % in the end it is approx 10%

Ive been having great success with this method

A couple of changes I made which helped

Taking the trade when the quicker Stoch comes up through 20 for a long and down 80 for a short

If you look at the example of 2 nice signals

the longer term was or had been green on this cycle
The ma's were correctly lined up
fast stoch went grey from green

And the days signals for Friday

If you got them all 35% ROC

P
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  • #39
  • Dec 4, 2011 7:46am Dec 4, 2011 7:46am
Quoting Paulus
Sorry been away for a while

I use spread betters dont forget so my calculation is quick when the trade is setting up

Some times I mis calculate and get 7% other times I get 11 or 12 % in the end it is approx 10%

Ive been having great success with this method

A couple of changes I made which helped

Taking the trade when the quicker Stoch comes up through 20 for a long and down 80 for a short

If you look at the example of 2 nice signals

the longer term was or had been green on this cycle
The ma's were correctly lined up
fast stoch...


for both the fast and slow stochs to be of the same colour at the o/b, o/s levels occurs only rarely. i only see about 3 entries on my chart where both were of the same colour. unless there is a fault with the stoch indi.

so how on earth you wait for them to be of the same colour before taking trades is beyond me. you will be wasting hours, just to gain a few pips. tbh, there are far better ways of making pips and on that too on the 1m.
  • #40
  • Dec 4, 2011 9:46am Dec 4, 2011 9:46am
Quoting whatfx

you will be wasting hours, just to gain a few pips. tbh, there are far better ways of making pips and on that too on the 1m.
Its not the ip count that interested me its the amount of % I gain

Each winning trade I get is 10% of my account balance each loser is 5% of my account balance

On 5 days if I gain 10% of each that a 50% gain on my account

the chart shows 35% ROC ..'Return on account'..so it you had 10k that's a gain on that day of £3,500

Your account will double every 2 weeks if you make 10% per day...for me thats 1 winning trade

If I take a trade and the SL is 5 pips my TP is going to be 10 pips...that just 10 pips to most but because of my money management that's 10% gain for me if I win ..........5% loss if I lose that's a risk reward of 2;1

So many traders trade and win 100 pips but what is the relation ship between that and their account

Dont think pips think risk reward and money management

I dont see what so difficult looking at a chart saying to your self long term stoch is way above the zero line so no trade setting up..lets chill and wait we then see the stoch hit 10 and the ma's line up and then we look for trade entry...why why why do people want to trade every few minutes

I trade the 5min using pivots and swing counts I can now also trade the 1min in a highly effective great risk to reward way

Guys that scalp 4 pips often see trade go 20 pips against them to me you may as well throw your money down the drain this business is all about patients, risk to reward and money management

On the 5min system in that thread I posted all my trades for quite a while and proved by using % not pips was the way to build account

p
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