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TDI and Stochastic strategy

  • #61
  • Jul 28, 2013 2:23am Jul 28, 2013 2:23am
"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.[/quote]"

Hi Aandaleb
thanks for sharing.
Question: how do you manage your trades on the 1 H chart ovenight?...that would be my problem...money s good but sleep is necesary...thanks in advance..
  • #62
  • Jul 28, 2013 2:25am Jul 28, 2013 2:25am
Quoting Poppyyoz
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.
You are right, he does have Stoch overlaying TDI, while I have the opposite. After comparing them, I have noticed that both our TDI's seem identical, but his Stoch settings are different, as I believe he mentions a few posts above. Good catch! There is at least one signal on July 17, where mine triggered slightly before his. Although, technically, since mine triggered before his, I was able to get a better price just before the peak, where as his happened at the first peak then price went down ;p
  • #63
  • Jul 28, 2013 2:29am Jul 28, 2013 2:29am
Quoting Poppyyoz
{quote} 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.
Sorry, but it seems you are incorrect about this. I changed my resolution and was able to get his level of zoom, which I was not able to get with my previous resolution.
  • #64
  • Jul 28, 2013 2:32am Jul 28, 2013 2:32am
Quoting barloc
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....
Thank you for the info, very much appreciated, but I am slightly drunk now and in no position to finish reading it, far too complicated right now ;p
I'll read it again next time i'm online :]
  • #65
  • Edited 2:57am Jul 28, 2013 2:36am | Edited 2:57am
Quoting cuchuflito
"Hi Aandaleb thanks for sharing. Question: how do you manage your trades on the 1 H chart ovenight?...that would be my problem...money s good but sleep is necesary...thanks in advance..
Very good question. What I do if I am in a trade is set my alarm close at the beginning of the hour and use my tablet to see the screen of my computer to see where TDI is. Since TDI moves sooooo slowly, I set is for more hours then what I would think it would be. Note, I have not once woke up and modified a trade, every time I wake up and check, TDI is not there yet, and I could have slept nicely all along :[
I'm actually really glad you brought this up, because I was looking for a TDI alert indicator to let me know when to trade, thanks to you I just realized that I should be using the 50 line when I am in a trade aswell!
  • #66
  • Jul 28, 2013 7:12am Jul 28, 2013 7:12am

Wow, this looks promising! I have set up my platform with this yesterday and I would love to try it out when the market opens.

I have a question though:


Quoting aandaleb
Remove the fast moving line of TDI (turn it black so you cant see it), so only the red line remains (I changed the colour to green because it stands out better).


So, your current green line used to be the red line right?


Argue for your limitations, and sure enough, they're yours. Richard Bach
  • #67
  • Jul 28, 2013 9:39am Jul 28, 2013 9:39am
This is really nice use of an indicator Aandaleb...I have read through the thread and I am wondering if there are certain times you like to place orders ? You know...like higher volume hours, or, does it not really matter to you?

thx,
Bryan
  • #68
  • Jul 28, 2013 11:02am Jul 28, 2013 11:02am
Quoting aandaleb
{quote} 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.
Hi aandaleb,

I am reading your posts, and let see how it goes,,, didnt start yet.
Regarding the screen size, get an 21" external monitor and expand it in addition to your laptop.. then will have what you want.

Take care
Helee
  • #69
  • Jul 28, 2013 11:24am Jul 28, 2013 11:24am
Hi aandaleb,

Can you explain better this please, "P.S. Whenever I mentioned double top above, I meant on TDI, not price" an image with some commenst will be nice , if is not much to ask, thx
Helee
  • #70
  • Jul 28, 2013 2:15pm Jul 28, 2013 2:15pm
Hi Members,

I attach below two demo 1hr charts of FxGlory and FxPro. Note the difference in prices and indicators! This is before this week's opening.

Roy
Attached Image(s) (click to enlarge)
Click to Enlarge Name: fxglory audusdh1.png Size: 63 KB
Click to Enlarge Name: fxpro audusdh1.png Size: 64 KB
  • #71
  • Jul 28, 2013 2:37pm Jul 28, 2013 2:37pm
aandaleb thanks for posting the system. can it be used on 4hr or daily charts?

many thanks
  • #72
  • Jul 28, 2013 3:19pm Jul 28, 2013 3:19pm
TDI by itself doesnt have fixed higher limit or lower limit. Stoch has a fixed higher and lower limit. Zooming in and out (changing the number of bars to display) could also affect the comparative values of TDI versus stoch.
  • #73
  • Jul 28, 2013 8:48pm Jul 28, 2013 8:48pm
Thanks for sharing your system Aandaleb
So you used AUDUSD for the whole 6 months?
Whats the initial SL you place, just in case the market suddenly jumps?
And if news is approaching you just dont enter? what if your in a trade already and news is approaching?
Don't worry about hiring we will make the EA for you free
  • #74
  • Jul 28, 2013 9:08pm Jul 28, 2013 9:08pm
Christinaa the stop loss is set once the TDI has crossed or touched the 50 level ( above the recent highs) if it has not touched or crossed the 50 level you keep on adding postions every 25 pips. I have back tested the strategy and seems to be doing well for the AUDUSD pair.
  • #75
  • Jul 28, 2013 10:48pm Jul 28, 2013 10:48pm
Quoting aandaleb
{quote} Very good question. What I do if I am in a trade is set my alarm close at the beginning of the hour and use my tablet to see the screen of my computer to see where TDI is. Since TDI moves sooooo slowly, I set is for more hours then what I would think it would be. Note, I have not once woke up and modified a trade, every time I wake up and check, TDI is not there yet, and I could have slept nicely all along :[ I'm actually really glad you brought this up, because I was looking for a TDI alert indicator to let me know when to trade, thanks...
++++++++++++++++++++++++++++++++


Hi Aandy. Just so happens this might work. Although I found it in an EA folder. Please have go at it let me us know how it worked out for you.
Darryl


Attached File(s)
File Type: mq4 TDI alerts advanced.mq4   81 KB | 1,225 downloads
  • #76
  • Jul 28, 2013 11:16pm Jul 28, 2013 11:16pm
Aandaleb, what are the indicators that you use on your tablet? I have mt4 platform in my andriod phone but does not have TDI in it. Nor i could download and insert any custom indicator. I rarely use my computer to log in to mt4 as most of the time i am out for work.
  • #77
  • Edited 1:54am Jul 29, 2013 1:14am | Edited 1:54am
Quoting pipsel
Wow, this looks promising! I have set up my platform with this yesterday and I would love to try it out when the market opens. I have a question though: {quote} So, your current green line used to be the red line right?
Yup.

As for the lines, no..green line I go long, red line I go short. 100 pips profit. Thats all. I used to hold my trade until the next signal, sometimes it did not happen. Now I just want my 100 pips. Not 101, not 99, just 100
  • #78
  • Jul 29, 2013 1:16am Jul 29, 2013 1:16am
Quoting bryn077
This is really nice use of an indicator Aandaleb...I have read through the thread and I am wondering if there are certain times you like to place orders ? You know...like higher volume hours, or, does it not really matter to you? thx, Bryan
I do not look at volume for this strategy at all, although I am currently working on 2 other strategies that are very promising, and one of them has to do with volume.
  • #79
  • Jul 29, 2013 1:19am Jul 29, 2013 1:19am
Quoting Helee
{quote} Hi aandaleb, I am reading your posts, and let see how it goes,,, didnt start yet. Regarding the screen size, get an 21" external monitor and expand it in addition to your laptop.. then will have what you want. Take care Helee
I have 2x21" monitors on home desktop, but I dont like being stuck there for trading, I like sitting on my recliner with my laptop and watch tv at the same time ;p
  • #80
  • Jul 29, 2013 1:22am Jul 29, 2013 1:22am
Quoting Helee
Hi aandaleb, Can you explain better this please, "P.S. Whenever I mentioned double top above, I meant on TDI, not price" an image with some commenst will be nice , if is not much to ask, thx Helee
I'm drunk again tonight so maybe I can give you an example tomorrow, but basically, if TDI does a double top (see recent history, it happened this month and last month), or if it goes above the high that you entered, look to exit at break-even, you will definitely get your price.
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