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Wormholes - stochastic mismatch system

  • #121
  • Nov 7, 2014 12:43am Nov 7, 2014 12:43am
Basically trade it around the news close positions within an hour before the news (call this tea time) ... Revisit trading again 15 mins after the news... Look for opportunity that correspond with the trend post news..simples
Peace & Pips
  • #122
  • Nov 7, 2014 12:43am Nov 7, 2014 12:43am
Quoting kprsa
{quote} My opinion: If you are observing a stoch difference on a current bar, this method will ensure that the current point is neither a minimum nor a maximum on a period of your stochastic (if it were, which is highly unlikely anyway, both stochast ic oscillators would likely agree and be 0/100), so the current market state is most likely not a strong trend. Therefore, prices get revisited with a high probability. As with many similar methods, be careful of expectation of a revisit in case of a strong trend/news event/etc. k
Great explanation indeed! So dissimilarity is just a difference in stoch reading, and this is the nature of stoch. And price revisits these levels because it's not trending (most of the time). So no secret glitch, no mispricing, no feed manipulation. But still, it seems to work. Not that I get it to work in the 1 min. Everytime I open a short a new level appears where price just left.
  • #123
  • Nov 7, 2014 1:32am Nov 7, 2014 1:32am
Quoting nixxx
{quote} Post more details about your trading please.
TWO methods in which this wormhole "idea" can be applied have already been posted on this 7-Page thread.

In FACT THREE Methods if you count kprsa's succinct explanation (expose actually) above. (Here: http://www.forexfactory.com/showthre...52#post7853052)

Regards,

Ty

NB:
Already up by 3.49% today (and am REALLY not trying). I think my advice would be for us to follow the link posted by MetaCoder on Post#1...and read a BUNCH of the pages on that thread [588 pages and counting...]
My job: I speculate and manage risk.
  • #124
  • Nov 7, 2014 1:35am Nov 7, 2014 1:35am
By the way...

Quote
As with many similar methods, be careful of expectation of a revisit in case of a strong trend/news event/etc.

Today is a fantastic day for trading wormholes. The next Red News is:

CAD Employment Change
CAD Unemployment Rate
USD Non-Farm Employment Change
USD Unemployment Rate

MANY hours away!

Regards,

Ty
My job: I speculate and manage risk.
  • #125
  • Nov 7, 2014 3:02am Nov 7, 2014 3:02am
Quoting TyLamai
{quote} TWO methods in which this wormhole "idea" can be applied have already been posted on this 7-Page thread. In FACT THREE Methods if you count kprsa's succinct explanation (expose actually) above. (Here: http://www.forexfactory.com/showthre...52#post7853052) Regards, Ty NB: Already up by 3.49% today (and am REALLY not trying). I think my advice would be for us to follow the link posted by MetaCoder on Post#1...and read a BUNCH...
Do you trade it on the 1 min? Away, back towards or both?
  • #126
  • Nov 7, 2014 3:13am Nov 7, 2014 3:13am
Quoting Anusragger
{quote} Do you trade it on the 1 min? Away, back towards or both?
M15 for now. Eyeballing the H1 which I will test very soon.

Am actually still testing ideas. Yet to decide.

Regards,

Ty
My job: I speculate and manage risk.
  • #127
  • Nov 7, 2014 3:53am Nov 7, 2014 3:53am
Quoting kprsa
Hi all, just to cut down on the secrecy a bit, I'd like to explain my understanding of the stoch difference indicator/ea. It appears that some people do not understand the indicator they're betting their money on, which is NOT a good idea. Trading is sufficiently difficult by itself, we don't need to turn these forums into IQ tests. Imagine you have A) stochastic with the period 10 on the M30 timeframe and B) stochastic with the period 5 on the H1 timeframe. Those two are "similar", i.e. the two will always be equivalent at the close of the higher...
kprsa, thanks for the explanation, it makes perfect sense. This means that you should be able to find these "wormholes" by only looking at the shorter timeframe, as it contains all the necessary information.
  • #128
  • Nov 7, 2014 5:17am Nov 7, 2014 5:17am
SUBSCRIBED!!
  • #129
  • Nov 7, 2014 5:38am Nov 7, 2014 5:38am
Here is my effort to detect the 15-30 min 400 period wormholes using the 15 min chart only. The one stochastic simply looks back one bar further, due to the cause of the effect as kindly described by kprsa. The line is zero about 95% of the time. I have not done any further testing, but I suspect a deeper mathematical process causing price to return, as hinted to by EURUSDD
Attached Image(s) (click to enlarge)
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  • #130
  • Nov 7, 2014 7:02am Nov 7, 2014 7:02am
Quoting Wanderer272
Here is my effort to detect the 15-30 min 400 period wormholes using the 15 min chart only. The one stochastic simply looks back one bar further, due to the cause of the effect as kindly described by kprsa. The line is zero about 95% of the time. I have not done any further testing, but I suspect a deeper mathematical process causing price to return, as hinted to by EURUSDD {image} {image}
could you please share your indi... thanx
There has never been a statue erected in honor of a critic
  • #131
  • Nov 7, 2014 10:03am Nov 7, 2014 10:03am
Quoting MetaCoder
{quote} Of course it isn't. That's just a name we are using for it here.
Thanks Metacoder for this great tool...! Tried it today on the five mins TF See the results...! Just posting it here.. becoz this could inspire someone...! Live account!

Thank you soo much.. for making the tool available for everyone. So nice of you...!
Attached Image (click to enlarge)
Click to Enlarge Name: similarity.jpg Size: 238 KB
  • #132
  • Nov 7, 2014 10:13am Nov 7, 2014 10:13am
Really interesting EA. But i'm not gonna use it until I unterstand how it work. Can you tell me which indicator is used in this EA, and the rule, please ???
  • #133
  • Nov 7, 2014 10:30am Nov 7, 2014 10:30am
Hi, I have a question please. I have downloaded the ea to my demo acc in the experts folder and placed on a 5m chart but I have a sad face in the corner. I am still getting the wormhole line with all the info saying how many points the price is away from the Wormhole. The price has retraced back to the Wormhole and the line is still there. Will the line disappear or is some thing wrong with my set up. Thanks
  • #134
  • Nov 7, 2014 10:44am Nov 7, 2014 10:44am
The EA does not place trades so the smiley/sad face does not matter. Sounds like it's working normally for you Jalby. Answer to your question will become apparent if you watch the EA for a while or if you read the thread.
Open to new approaches.
  • #135
  • Nov 7, 2014 10:51am Nov 7, 2014 10:51am
Thanks for the answer and ea Metacoder. I have placed my first trade and profitable as hit target. The Wormhole Line is still there but as you said, must watch and learn. I have read the whole thread a number of times and have gone through the thread with your first link. Great help thank you. Is it correct to use the 5min/15min ea on the 5min chart and the same for the other ea's meaning use the lower TF for each ea? Thanks
  • #136
  • Nov 7, 2014 10:53am Nov 7, 2014 10:53am
Nice, Jalby. I have no specific recommendation which timeframes to select for your trading. Some seem to be doing well with the shorter-timeframe versions. New wormholes come more frequently in the shorter timeframes. This could be desirable for your style of trading, or not.
Open to new approaches.
  • #137
  • Nov 7, 2014 10:56am Nov 7, 2014 10:56am
Quoting vinforex7
{quote} Thanks Metacoder for this great tool...! Tried it today on the five mins TF See the results...! Just posting it here.. becoz this could inspire someone...! Live account! Thank you soo much.. for making the tool available for everyone. So nice of you...! {image}
Great to see your live trading. I'm sure some of the other members will ask you about how you decide when to enter and exit. Seems to me it could be a simple mechanical set of tactics.
Open to new approaches.
  • #138
  • Nov 7, 2014 11:00am Nov 7, 2014 11:00am
Thank you for quick response. I will test it out and post the results. Thanks again for sharing.
  • #139
  • Nov 7, 2014 11:24am Nov 7, 2014 11:24am
Quoting sym
Hi all giving credit to MetaCoder and others... I made some modifications to his EA. Now you can choose from external parameters TF and stochastic value (one EA instead of many). I added a minimun stochastic divergence value as well, in order to trigger the EA only when this value is overtaken. Hope to have done well. Have a good day {file}
Dear MetaCoder & Sym.. Thank you for the beautiful indicator and kindly shared them with us.....
We coding illiterates jump after great works and want something more Is it possible to add an "send email" function to RevealWormhole indicator? I think it can help people who left Metatrader at home and go out during the day
  • #140
  • Nov 7, 2014 11:42am Nov 7, 2014 11:42am
Quoting vinforex7
{quote} Thanks Metacoder for this great tool...! Tried it today on the five mins TF See the results...! Just posting it here.. becoz this could inspire someone...! Live account! Thank you soo much.. for making the tool available for everyone. So nice of you...! {image}
Thanks metacoder for the tool.

@vinforex7, the best way you can further inspire someone is if you post the closed trades as you have done, and at the same time lets know if there are no trades running away from the WH line.

These are my closed trades but I have one -46 on the terminal which has not been revisited by price.

My short advise to us is that you should determine your SL and ensure it is always there, else you may be tempted to use big lot size and if price decides not to visit the WH then, the account is finished. And of course know your MM


kos
Attached Image (click to enlarge)
Click to Enlarge Name: wh.png Size: 41 KB
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