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Multiple Time Frame Stochastic trading using 1min charts

  • #2,421
  • May 26, 2014 8:57am May 26, 2014 8:57am
Quoting maxs2002
Hi, Clive! if I use 5 and 15 TF what CCI period can I use? 14 and 42? or other Thanks
Hi maxs2002

If you like using the 14 period on your base chart then just times it by the timeframe you want above it. EG 14 x 5 = 70.

But to be honest I find it works best when you maintain an approx ratio of 15 to 1 between the time frames so I recommend as follows for each timeframe:

trading 1 min use 15 min as master (14 and 210)
trading 5 min use 1hr as master (14 and 168)
trading 15 min use 4hr as master (14 and 224)
trading 1hr use daily as master (14 and 336)
trading 4hr use weekly as master ( 14 and 504)
trading daily use monthly as master (14 and 350)

Its not an exact science but the logic behind it is that the momentum runs on say a daily chart are a down trend on the hrly chart so if daily pair falling off the page then sell the pullbacks(-100 CCI signals) on the hrly chart.

The single most important thing though is that you identify a strong trend before trading any pair as you will find momentum indicators are fairly accurate in a strong trending pair. eg top of the top 8 trenders indy.

Then look at hrly chart and sell the pullbacks against the trend.Of course all trends come to an end at sometime so you are almost guaranteed a loser at the end but stop taking the hrly cci's when daily CCI crosses down from the -100 level as trend is weakening.

Its all about momentum for me, look at attached chart shows EURAUD as top of the daily trenders so sell every 100cci signal thats over 100 and either a double top or Lower High. Use HA candle colour change as confirmation for entry.

Anyway will shortly start my own thread on this system as starting to hog Roois thread and thats simply bad etiquette so will be moving on soon. Apologies Rooi.
Attached Image (click to enlarge)
Click to Enlarge Name: daily and hourly trend relationship.png Size: 90 KB
Feel the Fear and do it anyway!!!
  • #2,422
  • May 26, 2014 9:24am May 26, 2014 9:24am
Quoting iTrade4u
{quote} Hi, I hope you are well today, I want to know that How is the result with M5 chart with CCI(15) and CCI(168)? {image}
Listen guys this is seriously the last post I am going to answer here, even though Rooi has said he is happy for me to post here , its just getting too embarrassing so will start my own thread asap about this system.

I think what you are asking me is it the right ratio for 5 min (14cci) to use the 1 hour (168) and the answer is yes but EURJPY is not trending strongly on the hrly chart so the signals are weak and this is when people say "Indicators don't work" and I agree with them on a quiet day like today nothing works as theres on one here to buy or sell and start something trending.

My advice to you today is to give it a miss as nothing is going to go anywhere today. Have a nice day off like the rest of the world and enjoy yourself. LOL.
Feel the Fear and do it anyway!!!
  • #2,423
  • May 26, 2014 9:33am May 26, 2014 9:33am
Quoting clivepackham
{quote} Listen guys this is seriously the last post I am going to answer here, even though Rooi has said he is happy for me to post here , its just getting too embarrassing so will start my own thread asap about this system. I think what you are asking me is it the right ratio for 5 min (14cci) to use the 1 hour (168) and the answer is yes but EURJPY is not trending strongly on the hrly chart so the signals are weak and this is when people say "Indicators don't work" and I agree with them on a quiet day like today nothing works as theres on one...
  • #2,424
  • May 26, 2014 9:50pm May 26, 2014 9:50pm
Quoting iTrade4u
{quote} Buddy, which broker you use? In my FXCM account I couldn't add SL very near. Thanks
I have Interactive Brokers and Dukascopy Bank

cheers
  • #2,425
  • May 26, 2014 9:58pm May 26, 2014 9:58pm
Quoting punisher
{quote} I have Interactive Brokers and Dukascopy Bank cheers
Thank you
  • #2,426
  • May 27, 2014 12:55am May 27, 2014 12:55am
Morning all
We miss 100% of the shots we don't take
  • #2,427
  • May 27, 2014 1:09am May 27, 2014 1:09am
Morning Rooi
I will be in and out this week, managed to take +27 on GJ shortly after TO
Lets see what happens here
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #2,428
  • May 27, 2014 1:21am May 27, 2014 1:21am
Quoting anthm
Morning Rooi I will be in and out this week, managed to take +27 on GJ shortly after TO Lets see what happens here
Morning Anthm

Nicely done
We miss 100% of the shots we don't take
  • #2,429
  • May 27, 2014 1:25am May 27, 2014 1:25am
good morning Rooi and all !!

I will make a holiday, hope see you after again.

and wish you all tons of pips :-)

cheers
  • #2,430
  • May 27, 2014 1:34am May 27, 2014 1:34am
+13
Attached Image (click to enlarge)
Click to Enlarge Name: 27 05 2014 T1.png Size: 21 KB
We miss 100% of the shots we don't take
  • #2,431
  • May 27, 2014 1:36am May 27, 2014 1:36am
Quoting punisher
good morning Rooi and all !! I will make a holiday, hope see you after again. and wish you all tons of pips :-) cheers
Enjoy

See you tomorrow
We miss 100% of the shots we don't take
  • #2,432
  • May 27, 2014 1:46am May 27, 2014 1:46am
Good Morning all!

2 trades +1

Missed EJ 2nd signal went in on the 3rd but my SL was too tight and got stopped out should have fought back as price went way beyond my projection (next BRN).
Took EU instead and recovered my loss.
Looks like the late Asian session can be profitable at times.
So much work piled up plan to go live next week with a new ECN account.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: _2014-05-27_07-30-17_EJ.png Size: 89 KB
Click to Enlarge Name: _2014-05-27_07-35-25_EU.png Size: 90 KB
Let it turn and find your entry.
  • #2,433
  • May 27, 2014 1:50am May 27, 2014 1:50am
Intrepid I also got on the EJ

Nice one ROOI, seems we all thinking alike

+27.8 for me, that along with 27 this morning, two trades two wins just wish it was always that easy.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 44 KB
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #2,434
  • May 27, 2014 1:51am May 27, 2014 1:51am
Quoting Intrepidpips
Good Morning all! 2 trades +1 Missed EJ 2nd signal went in on the 3rd but my SL was too tight and got stopped out should have fought back as price went way beyond my projection (next BRN). Took EU instead and recovered my loss. Looks like the late Asian session can be profitable at times. So much work piled up plan to go live next week with a new ECN account. {image} {image}

Nice trading and who is the ECN account with if you dont mind me asking?
We miss 100% of the shots we don't take
  • #2,435
  • May 27, 2014 1:55am May 27, 2014 1:55am
Quoting anthm
Intrepid I also got on the EJ Nice one ROOI, seems we all thinking alike +27.8 for me, that along with 27 this morning, two trades two wins just wish it was always that easy. {image}
Very nicely done.

Was a good trade setup that we all recognized so that's positive

Glad to see you finding some time to trade again.

Lets see if Strada will be around and if he traded EJ or GU
We miss 100% of the shots we don't take
  • #2,436
  • May 27, 2014 2:02am May 27, 2014 2:02am
Quoting Rooi
{quote} Very nicely done. Was a good trade setup that we all recognized so that's positive Glad to see you finding some time to trade again. Lets see if Strada will be around and if he traded EJ or GU
Yes Rooi
he will have his head down , I am a bit like you always looking forward to his posts and results.
I shutting down for a bit so I not tempted to enter again and risk my 55ish profit for the day.
Cheers anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #2,437
  • May 27, 2014 2:22am May 27, 2014 2:22am
Quoting Rooi
{quote} Nice trading and who is the ECN account with if you dont mind me asking?
That would be Excel markets I'm currently using their Demo, you suggested IC Markets but they don't take clients from 9ja but when I have enough funds will switch to LMAX.

Great trading Anthm, some days the markets just rain pips during the Asian session you are wise to keep your 55 pips.
Let it turn and find your entry.
  • #2,438
  • Edited 3:44am May 27, 2014 3:30am | Edited 3:44am
Quoting Intrepidpips
Good Morning all! 2 trades +1 Missed EJ 2nd signal went in on the 3rd but my SL was too tight and got stopped out should have fought back as price went way beyond my projection (next BRN). Took EU instead and recovered my loss. Looks like the late Asian session can be profitable at times. So much work piled up plan to go live next week with a new ECN account. {image} {image}
hi,

could you tell me what mas are you using?
ad could you share your stochastick?

many thanks


edit: stock found!
  • #2,439
  • May 27, 2014 4:05am May 27, 2014 4:05am
Quoting Intrepidpips
{quote} That would be Excel markets I'm currently using their Demo, you suggested IC Markets but they don't take clients from 9ja but when I have enough funds will switch to LMAX. Great trading Anthm, some days the markets just rain pips during the Asian session you are wise to keep your 55 pips.
Yes Intrepid I find Asian session fickle, Normally there is good profit to be had on Mondays Tokyo Open with GJ, it basically mirrors UJ, for some reason I prefer GJ.
Yesterday (Monday) was an exception, I took 3 trades in the hour and a half preceding the TO and finished 4.7 pips down and closed off. This morning it moved nicer, some days it stays in a very very tight range awaiting the Europe awakening.

On the Broker issue I personally much prefer ECN brokers , commissions are expensive to offset the tighter spreads but for me the fills are far more reliable. The bigger the lot size traded makes it more economical on ECN to the point that it will far outweigh even the tightest fixed spread of a dealing desk broker. That's Just my take, spreads and commissions are a big concern with 1 minute trading. Comments on this welcome.
Cheers Anthm
When you're in the land of HOPE, you're done, get out of there, WALK AWAY
  • #2,440
  • May 27, 2014 4:07am May 27, 2014 4:07am
Quoting dnabrasil
{quote} hi, could you tell me what mas are you using? ad could you share your stochastick? many thanks edit: stock found!
I am at the moment trying out which is better of the 2 MAs either 210 or 480 I think I want to see which is giving me a better curve coming in to FO, I think I should really do a thorough back test and (may you too) then decide.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: _2014-05-27_09-55-50_MA_SETTINGS.png Size: 135 KB
Click to Enlarge Name: _2014-05-27_09-55-50_MA_SETTINGS I.png Size: 76 KB
Attached File(s)
File Type: mq4 MA histo nmc.mq4   7 KB | 414 downloads
Let it turn and find your entry.
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