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Genesis - continuation

  • #321
  • May 29, 2014 10:07pm May 29, 2014 10:07pm
have also thought about using stoc 30,30,3
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  • #322
  • May 30, 2014 3:54pm May 30, 2014 3:54pm
Another positive day for me. It was not your perfect genesis set-up but I entered and made 20pips anyway. EURUSD really favoured me today. I wonder why you all prefer 60EMA. For me the 50SMA or 50EMA works just fine. Maybe you all know something I don't. Enjoy the weekend all
  • #323
  • May 30, 2014 11:42pm May 30, 2014 11:42pm
Quoting Moonie
{quote} You're right crobbins, when you hover over the indicator, it says "Period H1 Stoch". When I go to the indicator settings, it has "timeframe = 30mins" {image}
Thats because you have the "Next Higher Auto" set to true which will then set the indicator at the next higher timeframe to what is in the "timeframe" setting, if you set the timeframe to 0 then it will show the m30 on your chart.
  • #324
  • May 31, 2014 3:46am May 31, 2014 3:46am
Quoting lastingwell
{quote}Thats because you have the "Next Higher Auto" set to true which will then set the indicator at the next higher timeframe to what is in the "timeframe" setting, if you set the timeframe to 0 then it will show the m30 on your chart.
Thanks lastingwell, crobbins has kindly explained this setting to me and it turns out I have been using the 60 minute stochastic after all. Therefore I have amended and re-published the strategy below.

--------------
a) I trade using a M15 chart
b) I use a 60EMA
c) I use a standard 15 min Stochastic with the settings - 30-10-10
d) I use the #mtf_stochastic v2.1 on 60 min with the settings 10-10-3
e) I use the usual GMTS Matrix and the ASC Trend indicators
f) The GMTS alerts me when there is a full set of blue squares or red squares
g) I now look for a cross of both the 15min and 60min stochs, these should be at or near either the 20 or 80 level. They don't have to cross at the exact same time, within 5 bars is about the limit
h) This part is important - the 60min stochs should both be heading down for shorts and up for longs. If they cross and one is going down and the other is going up, I don't take the trade, wait for it to curl up or down
i) As usual, I don't trade towards the DP or the 60EMA
j) I exit when the 60min stoch crosses again. This doesn't always get the best exit, but is usually quite reliable.
k) As usual, be aware of support/resistance levels, round numbers, fib levels and economic announcements.

Good luck and happy trading.
  • #325
  • May 31, 2014 9:10am May 31, 2014 9:10am
Hi Moonie,

can you post a template?

Thanks in advance!
  • #326
  • Jun 1, 2014 10:49am Jun 1, 2014 10:49am
Quoting san1111
Hi Moonie, can you post a template? Thanks in advance!
Hi san1111,

No problem, indicators in zip file and template attached below. I have removed the ASC Trend indicator as I find I don't tend to use it anymore.

Happy trading

Moonie.

Attached File(s)
File Type: zip genesis.zip   34 KB | 1,079 downloads

Attached File(s)
File Type: tpl genesis_m15.tpl   105 KB | 634 downloads
  • #327
  • Jun 1, 2014 2:12pm Jun 1, 2014 2:12pm
Quoting Moonie
{quote} Hi san1111, No problem, indicators in zip file and template attached below. I have removed the ASC Trend indicator as I find I don't tend to use it anymore. Happy trading Moonie. {file} {file}
Thank you!
  • #328
  • Jun 2, 2014 5:50am Jun 2, 2014 5:50am
Because of my time schedule at the moment, I have gone back to trading the m5 because there are far more opportunities in a day to get a good trade, so I've gone back to genesis. I traded from my broker's open last night looking mainly at GA, GJ, EJ, EN, GU and EA. The only difference between my charts and the original charts are the S/R levels - I am using a supply/demand indicator set at H1, I use synergy bars instead of HA's because they were already on my chart, and Xaphod's mtf stoch indicator and I am up over 200 pips today. I'll post the charts later on when I finish.
  • #329
  • Jun 2, 2014 6:05am Jun 2, 2014 6:05am
Quoting lastingwell
Because of my time schedule at the moment, I have gone back to trading the m5 because there are far more opportunities in a day to get a good trade, so I've gone back to genesis. I traded from my broker's open last night looking mainly at GA, GJ, EJ, EN, GU and EA. The only difference between my charts and the original charts are the S/R levels - I am using a supply/demand indicator set at H1, I use synergy bars instead of HA's because they were already on my chart, and Xaphod's mtf stoch indicator and I am up over 200 pips today. I'll post the...


That's a pretty good day!!! I am looking forward to seeing your trades. Work has meant I haven't traded for a few days but I will post charts for any trades I get tomorrow morning.
  • #330
  • Jun 2, 2014 8:36am Jun 2, 2014 8:36am
Quoting captainforex
{quote} That's a pretty good day!!! I am looking forward to seeing your trades. Work has meant I haven't traded for a few days but I will post charts for any trades I get tomorrow morning.
These are the trades I took overnight and today.

I only take the trade if its preferably coming off of supply or demand and very importantly the 2 stochs must be coming up or down together, as closely as possible at the time of the signal (vertical line). If they are a good distance apart I don't take the trade.
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  • #331
  • Jun 2, 2014 8:59am Jun 2, 2014 8:59am
Quoting lastingwell
{quote}These are the trades I took overnight and today. I only take the trade if its preferably coming off of supply or demand and very importantly the 2 stochs must be coming up or down together, as closely as possible at the time of the signal (vertical line). If they are a good distance apart I don't take the trade. {image} {image} {image} {image} {image}
Hey Lasting what indi do you use for the supply and demand levels?

thanks
Enter Signature
  • #332
  • Jun 2, 2014 9:05am Jun 2, 2014 9:05am
I like the clean look lasting can you post a tpl?

Tx.
  • #333
  • Jun 2, 2014 9:15am Jun 2, 2014 9:15am
lastingwell when do you exit?
  • #334
  • Jun 2, 2014 9:47am Jun 2, 2014 9:47am
I'm not at my computer at the moment but will post the indies and template when i get back later on. I'll also go through the trades in more detail.
  • #335
  • Jun 2, 2014 1:04pm Jun 2, 2014 1:04pm
I've attached the indicators and template that I've been using, you also need all the indicators for the gmts matrix if you don't already have them.
Attached File(s)
File Type: tpl m5.tpl   9 KB | 719 downloads
File Type: ex4 CandleTime THV.ex4   3 KB | 609 downloads
File Type: ex4 FREE_ATM_Support_Resistance_I.ex4   28 KB | 707 downloads
File Type: mq4 GMTS-Matrix.mq4   21 KB | 727 downloads
File Type: ex4 LFL-ATRprojections.ex4   6 KB | 624 downloads
File Type: mq4 Stoch-MTF.mq4   13 KB | 670 downloads
File Type: ex4 Synergy_APB.ex4   4 KB | 582 downloads
  • #336
  • Jun 2, 2014 1:18pm Jun 2, 2014 1:18pm
Quoting jinakado
lastingwell when do you exit?
I try to hang on for 50 pips tp, unless I see the opposite signal that I would actually think about taking, not just the matrix changing colour.

In the trades above, on the first 2 charts, there were no signals in the opposite direction I would have taken so I moved to BE +1 when price had passed a decent level and then waited for it to hit tp.

On the 3rd chart - EA, I exited because price had tried 3 times to get below the support and failed, then started to turn up again so exited with 25 pips.

On the 4th chart - EN, I exited the first trade for the same reasons as the previous chart, the second trade I exited because price had reached the 80% of ATR and started to come back quite strongly and that was where resistance was earlier so it looked to be a false break above it.

On the 5th chart - GJ, price missed my take profit by 0.3 of a pip and had reached 100% of ATR so I exited as it came back.
  • #337
  • Jun 2, 2014 5:18pm Jun 2, 2014 5:18pm
Hi Lasingwell
That's very encourging watching what you've posted. pls keep posting your trades and share some of your cues to find good set ups.
cos we watch almost the same chart. but some people finds good set up easily but some doesn't including me!!!
many thanks
  • #338
  • Jun 3, 2014 12:31am Jun 3, 2014 12:31am
Quoting lastingwell
{quote}I try to hang on for 50 pips tp, unless I see the opposite signal that I would actually think about taking, not just the matrix changing colour. In the trades above, on the first 2 charts, there were no signals in the opposite direction I would have taken so I moved to BE +1 when price had passed a decent level and then waited for it to hit tp. On the 3rd chart - EA, I exited because price had tried 3 times to get below the support and failed, then started to turn up again so exited with 25 pips. On the 4th chart - EN, I exited the first...
where do you place your stops? swing high/low?
wish you more nice trades

thank you.
  • #339
  • Jun 3, 2014 3:15am Jun 3, 2014 3:15am
Good morning. A bit of a frustrating morning for me with some sub optimal exits. Profit is profit and I did end up with +10. Anyway, 2 trades taken. An EJ and GJ:
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  • #340
  • Jun 3, 2014 5:32am Jun 3, 2014 5:32am
Quoting lastingwell
{quote}These are the trades I took overnight and today. I only take the trade if its preferably coming off of supply or demand and very importantly the 2 stochs must be coming up or down together, as closely as possible at the time of the signal (vertical line). If they are a good distance apart I don't take the trade. {image} {image} {image} {image} {image}

Hi lastingwell, many thanks for kindly posting your strategy and example trades, this looks like a superb system. Just one quick question for now; do you have a rule that the Stochastics must cross from under/over the 50 line or the 80/20 line depending on long or short?

I have noticed a nice clean move on the EA today. Is this a good example of a trade you would take? I do notice, the Stochastics are quite wide apart when the matrix signals. I am waiting to see if it bounces off the demand level where it is now and for the Stochastics to turn around.

Cheers

Moonie

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