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Attachments: TDI and Stochastic strategy
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TDI and Stochastic strategy

  • #41
  • Jul 26, 2013 3:35pm Jul 26, 2013 3:35pm
Template please
  • #42
  • Jul 26, 2013 5:11pm Jul 26, 2013 5:11pm
Quoting EaglePip
{quote} Did you set Alert On to 'True'? Also check this:http://www.forexfactory.com/showthre...91#post5889791
I did not ;p
but I'll try that, and read the post, thanks for the heads up.
  • #43
  • Jul 26, 2013 5:16pm Jul 26, 2013 5:16pm
rkkgs, fx light, Albertdkpllh, tikku:

Sorry, but I am not posting any templates (at least not yet). I figure, after almost a dozen years in forex/stocks I finally found something that works, I have shared it with complete instructions, and if you guys cant follow them, what it tells me is you cant trade even if a system falls on your lap.....
  • #44
  • Jul 26, 2013 5:31pm Jul 26, 2013 5:31pm
Quoting Poppyyoz
Will this be the correct enter for short? {image}
Good job! It looks like you were able to follow the instructions. Since you are new to this system, I would recommend you start by only placing trades after the TDI moves above/below 68/32, then wait for Stoch to cross it(which technically didnt happen here, it almost moved above but didnt). Personally, I entered on the Stoch crossing over TDI right before the one you are looking at, only because I remember (and can see) that previously TDI had difficulty reaching that high and it may happen again, which it did. The only thing I should remind you is to wait for Stoch close below TDI. Where you have your red vertical line painted, it has not closed below.
  • #45
  • Jul 26, 2013 5:37pm Jul 26, 2013 5:37pm
Quoting ron2554
I had question aandaleb. I know, it would be silly to ask it, but I would do it anyways... You said that your broker does not allow you scalping. What if he would have, would that have altered your strategy? I mean I prefer shorter time range. If you would have altered your strategy, what would have been your move?
I am not interested in scalping at all, so when I read that my broker doesnt allow scalping, it was no problem for me anyways. I have noticed that this strategy does not work on higher timeframes. It does work on 5 minutes, but the entries have to be closer than 25 pips, the profit will be less, and there are times (somewhat often) where you get an entry signal and it just totally fails, badly. I dont recommend it, but if you insist, you will have to find a completely different way of using Stoch with TDI to make it successful. As far as I checked, I was not able to find one.
  • #46
  • Jul 26, 2013 5:41pm Jul 26, 2013 5:41pm
If anyone is thinking of trying this strategy, and you either dont have a broker yet, or want to be able to trade it live for cheap, I recommend FXGlory. They have a 50% deposit bonus (up to $2000, so you can get a maximum of $1000) in your account on top of your deposit. You cant withdrawal it until you reach a certain total trading volume (may take up to a year, or even more, depending), BUT YOU CAN USE IT TO TRADE IN THE MEANTIME!!! This basically means you can grow your money faster.


And no, I do not work for them, or have any affiliation with them other than being a client.
  • #47
  • Jul 26, 2013 5:46pm Jul 26, 2013 5:46pm
Quoting camvcvoo
This system qualifies for an EA, i think. Anyone?
I have thought of hiring a programmer to make an EA for this system aswell, but have not done so yet (I trained my girlfriend how/when to make trades when I am not home). There are also certain elements that I have left out so far in order to promote conversation and new ideas that may make the system better.
  • #48
  • Jul 26, 2013 6:44pm Jul 26, 2013 6:44pm
aandaleb ... hi, I'll put these TDI indicator I have, test them.
I hope you have some useful for your system.
greetings,
jvbs
Attached File(s)
File Type: mq4 TDI alerts advanced.mq4   81 KB | 1,543 downloads
File Type: mq4 TDI alerts.mq4   80 KB | 1,306 downloads
File Type: ex4 TDI Red Green_Stoch-Kino (1).ex4   5 KB | 1,805 downloads
File Type: mq4 TDI_TradeAnnouncer.mq4   16 KB | 1,484 downloads
File Type: mq4 TDI-With_Alerts.mq4   24 KB | 1,346 downloads
Work very hard until you get there (excuse my english)
  • #49
  • Edited Jul 27, 2013 2:36am Jul 26, 2013 7:58pm | Edited Jul 27, 2013 2:36am
Quoting aandaleb
{quote} Good job! It looks like you were able to follow the instructions. Since you are new to this system, I would recommend you start by only placing trades after the TDI moves above/below 68/32, then wait for Stoch to cross it(which technically didnt happen here, it almost moved above but didnt). Personally, I entered on the Stoch crossing over TDI right before the one you are looking at, only because I remember (and can see) that previously TDI had difficulty reaching that high and it may happen again, which it did. The only thing I should remind...
So you mean instead of a short at 9am based on the chart, it is better to place it 1 hour after or few hours before(maybe around 6am)? I didnt' really see carefully for the Stoch did cross the TDI or not. Based on that time, it seems that the stoch has almost touching it and cross it, but yes technically if i looked further into it, it doesn't. My bad. And luckily the price went down but there is one thing i still do not understand. Since i already have placed a short at there and it seems to be going down, where should i place my TP? Or TP is up to my preference? The price went down 45 pips before going up again. I missed that opportunity to make a profit.

Could you explain more on step 4?
  • #50
  • Jul 26, 2013 8:45pm Jul 26, 2013 8:45pm
Should i use fibonacci to calculate my TP? Although the high is above 61.8%,

http://charts.mql5.com/2/131/audusdp...orex-com-3.png
  • #51
  • Edited 11:52pm Jul 26, 2013 11:40pm | Edited 11:52pm
Hello aandaleb,


Thanks for sharing your strategy.

I will backtest this system, it looks very promising.

MY screenshot shows the trades that popped at my eyes in the first seconds after setting up the template.

Can you plz review and tell me if you would have taken the same trades or any other i am missing.

I saw 8 trades over 16 days

7- completed , with 2 that could have been stopped out ( the ones with the yellow stop loss) depending on the money management strategy.

1- that is currently in process.

Also about how many signal trades do you average per week?
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh1.png Size: 140 KB
Dragon Rider
  • #52
  • Jul 27, 2013 12:14am Jul 27, 2013 12:14am
Quoting jvbs
aandaleb ... hi, I'll put these TDI indicator I have, test them. I hope you have some useful for your system. greetings, jvbs {file} {file} {file} {file} {file}
Thanks for the attachments, I'm going to try EaglePip's alert again, and either way I'll take a look at yours aswell. Thanks again.
  • #53
  • Edited 1:01am Jul 27, 2013 12:21am | Edited 1:01am
Quoting barloc
Hello aandaleb, Thanks for sharing your strategy. I will backtest this system, it looks very promising. MY screenshot shows the trades that popped at my eyes in the first seconds after setting up the template. Can you plz review and tell me if you would have taken the same trades or any other i am missing. I saw 8 trades over 16 days 7- completed , with 2 that could have been stopped out ( the ones with the yellow stop loss) depending on the money management strategy. 1- that is currently in process. Also about how many signal trades do you average...
EXCELLENT!
You've got it buddy. You have followed my directions and your entries are perfect. Notice that if you did not get stopped out you would have profited on 8/8 trades (100%)? Not that I recommend that (I dont at all, because greed will bite you hard). But yeah, you seem to have gotten it down pat. I would only recommend for yourself that you turn the vertical lines for long entries green, this way you can get a heartbeat of the market easily by looking a little back ie. are there more greens than reds? If so, that means TDI is not able to reach 68, so the market is trending downwards, and you may consider taking a position on a Stoch crossover of TDI before it reaches 68, since it probably will not reach there(see the last 2 or 3 tops on your chart). I have 3 extra short entries that you do not have. One on July 2@ 02:00, July 10 @ 14:00, July 11 @ 10:00. To start, you may want to stick with trades where TDI crosses 32 or 68. Those 3 trades I have I only took because the TDI failed to reach 68 on previous tops (and the price drop was very significant). When this happens a couple of times in the same direction, it signals that it may continue to fail to reach it, therefore I initiate trades slightly lower. Also, I have another trade on July 9 @ Midnight, but that was closed out (break-even) because TDI double topped.
Great job!

P.S. How are you able to expand your chart to a starting date of July 1? I can either expand starting at July 8, which is not far enough for my liking, or to June 18, which is too far....If it has to do with my screen resolution, mine is set at 1440x900.

Also, I hope you stick around and share anything new you may learn that I/we have not noticed yet.
  • #54
  • Jul 27, 2013 2:33am Jul 27, 2013 2:33am
I can see that the barloc's settings for TDI And Stoch are a bit different from mine. He is using TDI overlaying Stoch hence the graph will be a little bit different. But does it matter?

Sorry please ignore this post. It is a bit different due to the zooming level.
  • #55
  • Jul 27, 2013 2:37am Jul 27, 2013 2:37am
Thx for the feedback!

I currently trade the original TDI cross method, I will for sure backtest and share my results.


My chart is set up at +2 zoom from the maximum expanded chart configuration, my resolution is 1920x 1080p though.

Have a good weekend!!
Dragon Rider
  • #56
  • Jul 27, 2013 2:59am Jul 27, 2013 2:59am
Quoting barloc
Thx for the feedback! I currently trade the original TDI cross method, I will for sure backtest and share my results. My chart is set up at +2 zoom from the maximum expanded chart configuration, my resolution is 1920x 1080p though. Have a good weekend!!
Resolution doesn't have any effect on how big or wide your graph looks like. It only says how fine/sharp your picture is. Let's say a jigsaw puzzle with 3x3 tiles with 100x100 tiles, but both are the same size. 3x3 tiles doesn't really looks nice, but 100x100 tiles looks better.
  • #57
  • Jul 27, 2013 3:04am Jul 27, 2013 3:04am
Quoting barloc
Hello aandaleb, Thanks for sharing your strategy. I will backtest this system, it looks very promising. MY screenshot shows the trades that popped at my eyes in the first seconds after setting up the template. Can you plz review and tell me if you would have taken the same trades or any other i am missing. I saw 8 trades over 16 days 7- completed , with 2 that could have been stopped out ( the ones with the yellow stop loss) depending on the money management strategy. 1- that is currently in process. Also about how many signal trades do you average...
To answer your last question, I think my average is about 7 trades/month. This month was very very good with 10 or 11.
I wish I had that kind of resolution on my laptop, mine is also zoomed out 2x.
  • #58
  • Edited 2:11pm Jul 27, 2013 6:45am | Edited 2:11pm
This strategy is already working very good for you, i don't mean to confuse anyone or change your rules but this is what i would change for my trade style.

I noticed you use Stochs 8,3,3 which mimic the TSL( one of the TDI deleted lines) of the TDI very closely.


Are you familiar with the MBL of the TDI.
A TDI cross over the MBL signals a change in the long term trend.

After trading the TDI for so long i cant trade without the MBL if im using the TDI, it is a filter for me.

I back tested for 2012 and i just felt the need to add it for added confirmation.

Since this system trades the extremes of the oscillators cycle,I traded the same way you did but with added confirmation of Stochs also crossing from overbought/sold the MBL.


Edit for screenshot-- A picture can speak a thousand words...

Notice the Grey box and how stochs was rejected, i would enter on the comfirmed cross of the MBL.




For example the most powerful moves will occur when the Stochs+TDI cross MBL at an overbought/sold area.


Trade rules would be

TDI at over bought

Stochs crosses the TDI

Enter when on the bar that that stochs crossed above/below the MBL, if the Slower TDI line crosses it too in the next bars it is a green trade.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh1 -2.png Size: 118 KB
Dragon Rider
  • #59
  • Jul 28, 2013 2:12am Jul 28, 2013 2:12am
Quoting Poppyyoz
{quote} So you mean instead of a short at 9am based on the chart, it is better to place it 1 hour after or few hours before(maybe around 6am)? I didnt' really see carefully for the Stoch did cross the TDI or not. Based on that time, it seems that the stoch has almost touching it and cross it, but yes technically if i looked further into it, it doesn't. My bad. And luckily the price went down but there is one thing i still do not understand. Since i already have placed a short at there and it seems to be going down, where should i place my...
Yes, you must only enter when stoch closes below TDI. Even if it closes on TDI, it is false and you may get screwed (and eventually will) the correct place to have entered was 1 hour later, when it closed below it. 6am as you mentioned is correct, that is what I did. I did not go for the one before 6am because it looked like it was still heading upwards, but when it leveled off, and since TDI failed to break 68 previously, the second one would be the correct one to enter on. As for not seeing the Stoch cross the TDI, that is pretty much the only thing you need to look for (and TDI above/below 68/32), so make sure you do look at that carefully in the future. Lastly, with this system, I would never consider selling any part of my position with less than 100 pips profit (now with my large account size I completely close everything at 100 pips profit, I dont worry about more, I just want a piece of the pie, not the whole thing). Step 4 seems pretty straight forward, when a trade has gone in my favour, doesnt matter if it is 20 pips or 90 pips, once TDI CLOSES on or past 50, I place a stop loss just past the last swing high/low.
  • #60
  • Jul 28, 2013 2:15am Jul 28, 2013 2:15am
Quoting Poppyyoz
Should i use fibonacci to calculate my TP? Although the high is above 61.8%, {image}
I have spent alot of time on Fib levels, and have determined that they are just not reliable enough for me. Sure it is better on some pairs than others, but I do not use Fib levels at all with this system, or any other trading methods I have used in at least the last 5 years.
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