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  • #15,081
  • Feb 9, 2016 4:31am Feb 9, 2016 4:31am
Quoting emonts
{quote} Hi, For the stoch 100 i made a small indicator to do some statistics. Take a clean chart and add stoch indi. Then add this indi. Just checking the 20 and 80 crosses on bar close values and drawing the vertical lines. Lime open trade , red close trade. The indi runs only once and gives over the calculated bars(parameter) the total pips, number of loss trades and number of win trades. Remarks/improvements are welcome. BR {file}
To me it works great only when there is a strong trending market.
Per aspera ad astra
  • #15,082
  • Feb 9, 2016 5:49am Feb 9, 2016 5:49am
Quoting jpadvisor
{quote} To me it works great only when there is a strong trending market.

Remembering that for a greater tendency effect with Stoch 100,
H1 above works best
running trials again.
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  • #15,083
  • Feb 9, 2016 11:25am Feb 9, 2016 11:25am
Quoting jpadvisor
{quote} Hi Marco, we could try To exit on Rsioma At The turn of D.S. that is faster To react.With Sto. 100 The exit could be At The turn of 21.This Way we could grab more pips.
This was back tested on H1 tf in a zone where there is no trend.
This system is a pip killer on trending movements,we already know that...
As a comparison between RSIOMA and 100 sto like you told,those entries and exits,we are more safe with the stos approach.
With RSIOMA/DS overall scenario gave us -61 loss,8 trades taken, 6 losers and 2 winners.
Entry was RSIOMA on 80/20 lv cross and exit was DS cross for opposite side.
Attached Image (click to enlarge)
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While with the stos only gave us -15 loss overall,5 trades taken,3 losers and 2 winners.
Entry was 100 sto entering on 80/20 lv and exit was 21 sto getting out of 80/20 lv.
While 100 sto remains above 80 lv and 21 sto below it,to not miss trades,we could enter when 21 goes back into 80 lv.
Attached Image (click to enlarge)
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For an EA to trade with the slope of 21 sto,we will have a lot of trades taken and in my opinion i don't think it will be reliable.
Work smarter,not harder
  • #15,084
  • Feb 9, 2016 12:20pm Feb 9, 2016 12:20pm
Quoting marcof91
{quote} This was back tested on H1 tf in a zone where there is no trend. This system is a pip killer on trending movements,we already know that... As a comparison between RSIOMA and 100 sto like you told,those entries and exits,we are more safe with the stos approach. With RSIOMA/DS overall scenario gave us -61 loss,8 trades taken, 6 losers and 2 winners. Entry was RSIOMA on 80/20 lv cross and exit was DS cross for opposite side. {image} While with the stos only gave us -15 loss overall,5 trades taken,3 losers and 2 winners. Entry was 100...
Nice work Marco.
I think we'd move to other parameters.
I think that Rsioma and Ds are best used only for detecting DS slingshots and we could try to do at least an alert for those when Ds crossing its signal line.
For Stochs we could try this: when 100 is over 50 line we enter only buy when 8 goes over 21 and exit when 8 turn under 21; when 100 is under 50 line we enter only sell when 8 goes under 21 and exit when 8 turn over it. What do you think?
As 100 on H1 is 21 on H4 and 8 on Daily this can be a good filter.
Should work also with no clear trend.
Per aspera ad astra
  • #15,085
  • Feb 9, 2016 12:44pm Feb 9, 2016 12:44pm
Quoting jpadvisor
{quote} Nice work Marco. I think we'd move to other parameters. I think that Rsioma and Ds are best used only for detecting DS slingshots and we could try to do at least an alert for those when Ds crossing its signal line. For Stochs we could try this: when 100 is over 50 line we enter only buy when 8 goes over 21 and exit when 8 turn under 21; when 100 is under 50 line we enter only sell when 8 goes under 21 and exit when 8 turn over it. What do you think? As 100 on H1 is 21 on H4 and 8 on Daily this can be a good filter. Should...
I like that approach,it's conservative.
Work smarter,not harder
  • #15,086
  • Feb 9, 2016 1:01pm Feb 9, 2016 1:01pm
Quoting marcof91
{quote} I like that approach,it's conservative.
@Emonts. Could you please modify your statistic indicator to test this new strategy? Tnks.
Per aspera ad astra
  • #15,087
  • Feb 9, 2016 3:00pm Feb 9, 2016 3:00pm
Quoting jpadvisor
{quote} @Emonts. Could you please modify your statistic indicator to test this new strategy? Tnks.
OK
It is not important how often you fall down, but how often you get up again
  • #15,088
  • Feb 9, 2016 4:01pm Feb 9, 2016 4:01pm
Quoting sniperdebt
{quote} JP, here my basic EWP + harmonic pattern( AB=CD completed) but i'll waiting sto 8,3,3 on daily reaction 1H : bbs + DS crossed {image}
WTI - X cross sell on Daily tf, DS sell forming
USDCAD slingshot on weekly tf still possible

will see how usdcad response, lastime oil below $28-$30 usdcad range 1.45xx-1.46xxx
  • #15,089
  • Feb 10, 2016 2:03am Feb 10, 2016 2:03am
CADJPY

- Another possible slingshot on weekly
- Should be this week or the next one where final wave IV finish on daily chart.
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  • #15,090
  • Feb 10, 2016 2:13am Feb 10, 2016 2:13am
Quoting jpadvisor
{quote} @Emonts. Could you please modify your statistic indicator to test this new strategy? Tnks.
Hi Jp and others,

Try this one.

BR

Attached File(s)
File Type: mq4 AA_Stoch_8_over_21_Sym.mq4   7 KB | 544 downloads
It is not important how often you fall down, but how often you get up again
  • #15,091
  • Feb 10, 2016 4:28am Feb 10, 2016 4:28am
Quoting emonts
{quote} Hi Jp and others, Try this one. BR {file}
This gives better results but still under 50% W/L.
Per aspera ad astra
  • #15,092
  • Feb 10, 2016 5:00am Feb 10, 2016 5:00am
Quoting jpadvisor
{quote} This gives better results but still under 50% W/L.
Yes,

Some pairs are Ok and some not.
The only item to discuss is that i close at bar ends, in reality i think an EA would close at crossing.
But spread will make the result worse.
Probably need some more filtering.
Anyway a quick and dirty way to have quickly result.

BR
It is not important how often you fall down, but how often you get up again
  • #15,093
  • Edited 7:05am Feb 10, 2016 6:01am | Edited 7:05am
Quoting emonts
{quote} Yes, Some pairs are Ok and some not. The only item to discuss is that i close at bar ends, in reality i think an EA would close at crossing. But spread will make the result worse. Probably need some more filtering. Anyway a quick and dirty way to have quickly result. BR
This way overall results are surely better.
Another filter could be ADX not fanning.
Or to exit trades when 8 Touch 100 level. This cuts some profits but also all losses.
Per aspera ad astra
  • #15,094
  • Feb 10, 2016 7:16am Feb 10, 2016 7:16am
Hii i have been reading this thread for quite a while and have found it to be a goldmine . iam a newbie trader and have decided to trade live using this wonderful system and i just wanted to thank every member who has contributed to this thread and especially alien for providing this elegant system.. so here my first ever live trade taken using this system
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..the reason which i took this trade was a ds trade on monthly weekly and daily tf. cross x on monthly and weekly. right now the trade is running at a loss because i entered too early ( 7 sto was topping on daily t.f). so if any can help with any thing i might have missed or should have done it will be greatly appreciated. iam still a bit confused about where my profit target should be, so any advice would be greatly appreciated
  • #15,095
  • Feb 10, 2016 7:16am Feb 10, 2016 7:16am
Hi, good work. The direction of the RSIOMA is good filter
  • #15,096
  • Edited 12:55pm Feb 10, 2016 12:21pm | Edited 12:55pm
Quoting shoen123
Hii i have been reading this thread for quite a while and have found it to be a goldmine . iam a newbie trader and have decided to trade live using this wonderful system and i just wanted to thank every member who has contributed to this thread and especially alien for providing this elegant system.. so here my first ever live trade taken using this system {image} {image}{image}{image}..the reason which i took this trade was a ds trade on monthly weekly and daily tf. cross x on monthly and weekly. right now the trade is running at a loss...
Hi Shoen,
You found a good setup on EA. A DS trade on Monthly, weekly and Daily.
At that point you have to pinpoint your entry. If you trade the Daily is right to find the entry on H4.
But on H4 everything was topping (Rsioma, Adx and 8 Stoc.) and a retracement was in the cards.
Best is always to enter on a pullback going down also to 15 or 5 M. chart to take the best point if you have a good setup on higher TF.
As far as for your TP it's very subjective but if you entered on Daily Alien suggests to stay in the trade untill ADX 89 and/or 144 turn down in that TF.
Cheers
Per aspera ad astra
  • #15,097
  • Edited 1:54pm Feb 10, 2016 1:42pm | Edited 1:54pm
Quoting emonts
{quote} Hi Jp and others, Try this one. BR {file}
Thanks emonts for what you are doing here. I have an idea which is very profitable. But the problem is the signals appear when you may not be watching the market. If you can code this setup in an EA or indicator it can bring you huge amounts of profit because I visually back tested this setup and its accuracy is more than 90%. I could only trade 4 of these setups and all of them gave me at least 2 times my stop and one gave me 8 times. the problem is to watch every pair in every time frame.
Here is the setup for M5 time frame:
1- H1 and H4 Rsiomas should be above 80
2- M15 Rsioma should be below 50 but not below 20
3- M5 Rsioma should go below the M15 Rsioma and cross it upward to the 50 line (usually in a sharp angle)

That's it. look at the charts an you will see that this signal's accuracy is near 100.

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another example in H1 time frame H4 is not below 50 but it is near it.

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  • #15,098
  • Feb 10, 2016 2:04pm Feb 10, 2016 2:04pm
Quoting ebitalebi
{quote} Thanks emonts for what you are doing here. I have an idea which is very profitable. But the problem is the signals appear when you may not be watching the market. If you can code this setup in an EA or indicator it can bring you huge amounts of profit because I visually back tested this setup and its accuracy is more than 90%. I could only trade 4 of these setups and all of them gave me at least 2 times my stop and one gave me 8 times. the problem is to watch every pair in every time frame. Here is the setup for M5 time frame: 1- H1 and...
More examples

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  • #15,099
  • Edited 4:14pm Feb 10, 2016 2:20pm | Edited 4:14pm
Quoting ebitalebi
{quote} More examples {image} {image} {image}
Hi,

I will have a look at it.
Will plan this in the coming weekend.

Edit:

Had a quick look and made an indi just drawing vertical lines at the setup bars.
Green up, red down.
Indi works for TF's: M5, M15 and H1.

Indi calls "RsiOma Light".

First impression it looks promising.


BR

Attached File(s)
File Type: mq4 AA_RsiOma_Ebi_Sym.mq4   9 KB | 482 downloads

Attached File(s)
File Type: mq4 RSIOMA Light.mq4   4 KB | 491 downloads
It is not important how often you fall down, but how often you get up again
  • #15,100
  • Feb 10, 2016 3:45pm Feb 10, 2016 3:45pm
Quoting ebitalebi
{quote} Thanks emonts for what you are doing here. I have an idea which is very profitable. But the problem is the signals appear when you may not be watching the market. If you can code this setup in an EA or indicator it can bring you huge amounts of profit because I visually back tested this setup and its accuracy is more than 90%. I could only trade 4 of these setups and all of them gave me at least 2 times my stop and one gave me 8 times. the problem is to watch every pair in every time frame. Here is the setup for M5 time frame: 1- H1 and...
Nice approach too...
One question: what would be the exit?
Adding the adx for exit or RSIOMA?
Work smarter,not harder
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