Wormholes - stochastic mismatch system | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Real Ticks Discarded, Price Mismatch, Minutes Bars Absent 0 replies

Data window information and Journal data mismatch 5 replies

Pepperstone Historical Data Mismatch 1 reply

Stochastic divergence indicator with stochastic cross? 0 replies

Daily Stochastic Oscillator System 171 replies

Attachments: Wormholes - stochastic mismatch system
Exit Attachments

Wormholes - stochastic mismatch system

  • #21
  • Nov 3, 2014 11:16am Nov 3, 2014 11:16am
Happy to share, hope it is found useful or at least interesting.
Open to new approaches.
  • #22
  • Nov 3, 2014 11:17am Nov 3, 2014 11:17am
Thank you Metacoder. You are generous with your time and talents.
cheers
hannele
  • #23
  • Nov 3, 2014 11:21am Nov 3, 2014 11:21am
Quoting MAM.Trader
the wromhole is the cause of stoch works between 0-100 price has no upper/lower limit the wormholes actually the diverenge between price and stoch while its period 300 you see those rare GL {quote}
I hope to have time soon to gain insight such as yours from my own observations. It should be useful to compare notes when more have us have a deeper understanding.
Open to new approaches.
  • #24
  • Nov 3, 2014 11:31am Nov 3, 2014 11:31am
no insight
stoch is a math result coming from price itself
when period > 50
in this case ~300
before stoch heading to zeroline to create difference between price 300 bars creates big distance
so price strecthed enough to reratce relatively at the same time with stoch

this gves traders oportunity to trade against PA. means reverse trade

most of the time it works
as usual sometimes fails

this has nothing different then trading stoch 5
this gives rare signal when price strecthed more that more ready to retrace

GL

Quoting MetaCoder
{quote} I hope to have time soon to gain insight such as yours from my own observations. It should be useful to compare notes when more have us have a deeper understanding.
My Best Trade is Next Trade!
  • #25
  • Nov 3, 2014 11:34am Nov 3, 2014 11:34am
the main problem is
when price preparing to take off
it range long hours.
those long hours stoch 300 fills its buffer and starts give signals before take off

and this creates the big fails

while trader has big trust on system those hunts badly

Quoting MAM.Trader
no insight stoch is a math result coming from price itself when period > 50 in this case ~300 before stoch heading to zeroline to create difference between price 300 bars creates big distance so price strecthed enough to reratce relatively at the same time with stoch this gves traders oportunity to trade against PA. means reverse trade most of the time it works as usual sometimes fails this has nothing different then trading stoch 5 this gives rare signal when price strecthed more that more ready to retrace GL {quote}
My Best Trade is Next Trade!
  • #26
  • Nov 3, 2014 11:35am Nov 3, 2014 11:35am
so you better combine the signals with ATR
means range
this will filter many bad signals

Quoting MAM.Trader
the main problem is when price preparing to take off it range long hours. those long hours stoch 300 fills its buffer and starts give signals before take off and this creates the big fails while trader has big trust on system those hunts badly {quote}
My Best Trade is Next Trade!
  • #27
  • Nov 3, 2014 11:39am Nov 3, 2014 11:39am
Thanks MetaCoder

really a nice share

Dilz
  • #28
  • Nov 3, 2014 11:41am Nov 3, 2014 11:41am
Quoting MAM.Trader
no insight...
Oh yes you do too have insight, I say!
Open to new approaches.
  • #29
  • Nov 3, 2014 2:47pm Nov 3, 2014 2:47pm
Nice Indis/EA/Strat! Been manually trading it by eye (M5 - waiting for distance to be +50 or -50 then entering) for the past few hours and was pretty impressed overall.

I'm curious - occasionally after distance was 100 or greater the horizontal line was re-drawn, what's the trigger for this?
Attached Image (click to enlarge)
Click to Enlarge Name: WZyuhOL.png Size: 153 KB
  • #30
  • Nov 3, 2014 3:03pm Nov 3, 2014 3:03pm
Quoting Forex2k10
I'm curious - occasionally after distance was 100 or greater the horizontal line was re-drawn, what's the trigger for this?
The trigger is whenever the stochastic values across the two timeframes being compared do not match.

Sometimes you'll see a single mismatch, with similarity running for a long time. Other times you'll see tick after tick of mismatches until things finally settle into similarity. Other times you'll see mismatches happening every few minutes.

Typically the market action doesn't stray much farther than 100 points from the last price mark (when the last mismatch occurred) before a new mismatch is detected. I've seen up to around 200 points before a new mismatch was seen. Keep in mind I've only sat and watched for a total of a couple of hours over the last two weeks or so; just reporting what I've observed so far.
Open to new approaches.
  • #31
  • Nov 3, 2014 3:05pm Nov 3, 2014 3:05pm
Quoting MetaCoder
{quote} The trigger is whenever the stochastic values across the two timeframes being compared do not match. Sometimes you'll see a single mismatch, with similarity running for a long time. Other times you'll see tick after tick of mismatches until things finally settle into similarity. Other times you'll see mismatches happening every few minutes. Typically the market action doesn't stray much farther than 100 points from the last price mark (when the last mismatch occurred) before a new mismatch is detected. I've seen up to around 200 points before...
ahhh ok - that makes more sense. Thanks
  • #32
  • Nov 3, 2014 4:21pm Nov 3, 2014 4:21pm
Quoting Forex2k10
Nice Indis/EA/Strat! Been manually trading it by eye (M5 - waiting for distance to be +50 or -50 then entering) for the past few hours and was pretty impressed overall. I'm curious - occasionally after distance was 100 or greater the horizontal line was re-drawn, what's the trigger for this? {image}
Looks good!
Open to new approaches.
  • #33
  • Nov 3, 2014 4:54pm Nov 3, 2014 4:54pm
Quoting Forex2k10
{quote} ahhh ok - that makes more sense. Thanks
hai meta coder thank you for this work.....

hai Forex2k10,
by seeing your statement your using lmax, are you trading with them directly or any other broker offers eurusd.lmx, because i decided to move out of dukascopy....
  • #34
  • Nov 3, 2014 7:24pm Nov 3, 2014 7:24pm
Quoting MetaCoder
Giving tons of credit to Eurusdd and other contributors to the Similarity thread. Based on comparisons of stochastic values across timeframes within one currency pair, the EAs mark the latest wormhole detected. I am defining a wormhole as a price level where a stochastic mismatch was detected. Those price levels tend to act as magnets. I won't venture to say that the market action always returns to the wormhole price levels, but it seems it often does. My own demo trading is nothing special; I claim no extraordinary insight or tricks. I have just...

Excellent work!

Something you can also do is compare the Stoch to ZigZag. I have done a bit of work with this in the past. If you get the settings right, ZigZags and Stoch should match and be very "similar". There should be a ZigZag end-point when Stoch is at 0/100 etc. When there isn't, you got yourself a dissimilarity, one of those rare events that EURUSDD always talks about

I shall give this a try when I have more time and update later!
Focus, Patience, Determination & Order in chaos
  • #35
  • Nov 3, 2014 8:24pm Nov 3, 2014 8:24pm
Well done MetaCoder ,will be very useful I'm sure, subscribed
Regards Oridpeter
  • #36
  • Nov 3, 2014 8:50pm Nov 3, 2014 8:50pm
FANTASTIC!

I'm on board. Thanks MetaCoder
  • #37
  • Nov 3, 2014 10:01pm Nov 3, 2014 10:01pm
Quoting MetaCoder
{quote} Blank means a dissimilarity has not been detected yet; it's been all similarity so far. The EA prints text that says, "No Mismatch Yet". EA draws a red horizontal line when a wormhole is seen.
OK,I see.
thx
  • #38
  • Nov 3, 2014 10:09pm Nov 3, 2014 10:09pm
Quoting MetaCoder
Giving tons of credit to Eurusdd and other contributors to the Similarity thread. Based on comparisons of stochastic values across timeframes within one currency pair, the EAs mark the latest wormhole detected. I am defining a wormhole as a price level where a stochastic mismatch was detected. Those price levels tend to act as magnets. I won't venture to say that the market action always returns to the wormhole price levels, but it seems it often does. My own demo trading is nothing special; I claim no extraordinary insight or tricks. I have just...
perfect
  • #39
  • Nov 4, 2014 12:18am Nov 4, 2014 12:18am
Great,

I will try.

Green pips to you
Bottomless wonders spring from simple rules, which are repeated without end
  • #40
  • Nov 4, 2014 1:22am Nov 4, 2014 1:22am
Hi, nice indicators but can you modify it to see also past wormholes? I mean, when I attach the indi it shows wormholes that will appear and not past wormholes. I would see past wormholes only to do some backtest.

Alex
0 traders viewing now