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Stochastic secrets

  • #441
  • Apr 1, 2013 8:51am Apr 1, 2013 8:51am
http://www.forexfactory.com/showthread.php?t=389386


heres the thread, unfortunately lots of the information and the authors findings have been edited out,i think a commercial interest. but the kit is still there.
  • #442
  • Apr 1, 2013 11:00am Apr 1, 2013 11:00am
thanks, looks very exotic for me

have you already tried this indicator?
  • #443
  • Edited 12:58pm Apr 1, 2013 12:05pm | Edited 12:58pm
i believe there really is a secret to stochastics - being a momentum indicator/oscillator it has the benefit of divergence and, more importantly, convergence.
It is recognition of the areas of divergence and convergence that is necessary to reap the benefits of the indicator.
I'm not a coder so can't help but what I will do is to post this illustration with my secret rules - in the hope that some very good coder can make a signal based on a confirmed convergence point.
Happy to answer coders PM's.
Thanks.
George
Ps - this is the stochastics indicator illustrated - but as in all divergence 'finders' it has flaws when looking for convergence.
Attached File(s)
File Type: pdf Secret of stochastics.pdf   58 KB | 3,174 downloads
File Type: mq4 Stochastic Divergence.mq4   16 KB | 1,420 downloads
  • #444
  • Apr 1, 2013 1:40pm Apr 1, 2013 1:40pm
It's just an indicator guys. It lags. There's no secret to it, it takes old price action and draws a nice line with it. Dump it and you'll be on the right track.
  • #445
  • Apr 1, 2013 1:55pm Apr 1, 2013 1:55pm
Quoting pemann
thanks, looks very exotic for me have you already tried this indicator?

my method of trading does not require indicators but having said that i have been working on a system for some time based on a 15 min fractual break out using the 1 minute chart and the z donkey for entry.it certainly holds merit thus far,

but getting back to this indi,ive used it for scalping and after some time observing its behavioral pattern have used it more to observe price reaction at certain levels.keeping the terminology simple s/r levels,s/r is not static its a floating level,this indi is extremely precise at capturing its position as it adjusts to market orders,its very good for scalping from these levels or holding positions whilst price remains positive z score,the 0 line adjusting to present circumstances.

todays move in cable around 40 pips or so was a good example of using this indie combined with a decent fractal indi on a higher t/f

the first image shows 15 minute chaRT using a fractal b/o indi,

the second chart shows the 1 min entry from donkey it captured every pip

third chart shows scalp entry and scalp entryt 5 mins ago

i think im taking this thread off topic so good trading
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  • #446
  • Apr 1, 2013 2:12pm Apr 1, 2013 2:12pm
I agree partly with Kanzler, but it is also true that many are using this indicator and trading upon it, you can use it as projection how the others gonna trade, moreover it can be useful on multi timeframe, i.e if D1 is oversold, there is a very high probability that on lower timeframe bears win, you should go short

just check this long trend out, bold red is D1 STO, simple red H4, yellow, H1, blue M15

until D1 STO indicates long and H1 or H4 goes up at the same time, there is more probable that long will continue than short
besides this if 2 waves are moving at once, breakout is possibly coming, M15 STO below 20 might give you good entry signal

however also true that it gives you only too late signal, but might help giving you 51%-49% advice which direction to choose

please let me know your thoughts on this
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  • #447
  • Apr 1, 2013 2:16pm Apr 1, 2013 2:16pm
Quoting pemann
I agree partly with Kanzler, but it is also true that many are using this indicator and trading upon it, you can use it as projection how the others gonna trade, moreover it can be useful on multi timeframe, i.e if D1 is oversold, there is a very high probability that on lower timeframe bears win, you should go short just check this long trend out, bold red is D1 STO, simple red H4, yellow, H1, blue M15 until D1 STO indicates long and H1 or H4 goes up at the same time, there is more probable that long will continue than short besides this if 2 waves...
The mass psychology argument is a valid one. But like others, including fibonacci and especially "big round numbers", there are some major issues you have to contend with. In particular, where should you place your stop? It's not clear where to do so with those kinds of strategies. If you're using stochastics to form your larger time frame bias, I guess that's not something I can argue with but I definitely wouldn't depend on a tool like this for my entries or exits.
  • #448
  • Apr 1, 2013 2:27pm Apr 1, 2013 2:27pm
STO is only 1 part of my trading strategy, besides this I'm using pivot points, fractals, channels and MAs

my point was that STO could support your decision on higher TF more like the other woodoo exotic indicators - at least until I'm not finding a more proper one - but you shouldn't rely on that one only that's true

SL goes to S/R levels or dinamic MA 180

regarding entries and exists this is not the most powerful stuff that's true, actually I haven't find the right tool for that yet
  • #449
  • Jul 30, 2013 12:51pm Jul 30, 2013 12:51pm
Quoting eelfranz
Good Morning all... Another example of my stochastic trading. Broker is FXDD for all time frames. At 17:30 on the chart (5 min.).. 7:30 a.m. my time PST: Stoch (25,2,3) is at the top of it's channel. Stoch (5,3,3) indicates a sell. Go short signal. Lines cross down. At 19:00 Stoch (25,2,3) is at the bottom of it's channel. Stoch signals close trade on (5,3,3 Stoch). Lines cross up. Profit 68 Pip's. I stay on the side line when Stoch 25,2,3 moves in a congested range. Just as important as these signals... is interpreting what your seeing and a personal...

I wonder if eelfranz traded this strategy when he was writing the Easy Trading System? In the Easy Trading system he talked about trading a 5 and 15 minute TF but quit because he relized the brokers won most of those so he went to 1h, 4h and D1 Tf's. Just curious.
When I Buy Price Short, When I Sell Price Goes Long.
  • #450
  • Jul 10, 2014 9:13am Jul 10, 2014 9:13am
Hi.

I have a question.
Why the # MTF Stochastic indicator 2.0 is seen as bad when I put it to other time frames? At the moment of M15.
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  • #451
  • Apr 3, 2016 6:45am Apr 3, 2016 6:45am
Can any body advise how to set up the Stoch Indicator with multiple Stochs in just one indicator window?
  • #452
  • Apr 3, 2016 2:03pm Apr 3, 2016 2:03pm
Choose first the stoch from custom indicators.
From mt4 platform, on top left of window click " view" then choose "navigator window"
See the indicator Folder?
Find your stochastic indicator. Click it and keep your finger pressed on the left mouse button.
Drag it on to ( over ) the window where you had your first stoch which was already opened.
  • #453
  • Apr 3, 2016 2:16pm Apr 3, 2016 2:16pm
Stock and RSI is good for spotting divergence
Mostly what I look for.Rest is matter of watching PA
Most OB and OS levels look good after the effect but in real life conditions obviously price can push lot higher or lower

Real secret is trading Divs
watch TMS30 Likica do over and over successfully
In trading, you have to be defensive and aggressive at the same time
  • #454
  • Edited 4:39pm Apr 3, 2016 3:33pm | Edited 4:39pm
Quoting highway
Choose first the stoch from custom indicators. From mt4 platform, on top left of window click " view" then choose "navigator window" See the indicator Folder? Find your stochastic indicator. Click it and keep your finger pressed on the left mouse button. Drag it on to ( over ) the window where you had your first stoch which was already opened.
Thanks for your help. Please advise further how to change the input value of the dragged over indicator. Its value is defaulted to 5 3 3. Happy trading!

Quoting Davit
Stock and RSI is good for spotting divergence Mostly what I look for.Rest is matter of watching PA Most OB and OS levels look good after the effect but in real life conditions obviously price can push lot higher or lower Real secret is trading Divs watch TMS30 Likica do over and over successfully
Hi Davit. I am a admirer of both you and Likica. Already followed you two on her thread TMS for M30 charts for a long time. Happy trading!
  • #455
  • Apr 4, 2016 7:57am Apr 4, 2016 7:57am
Quoting BigBird
Can anybody advise how to set up the Stoch Indicator with multiple Stochs in just one indicator window?
Bigbird, and others, I'm not trying to take anything away from this thread, just suggesting you may be interested in an old thread here in FFcheck out spud's stochastic theary thread, http://www.forexfactory.com/showthre...39#post8369939

And these two indicators. Multiple stochs made into a single indicator. Just place them into the same window one on top of the other. I'm running windows 10 no problems with that nor this current version of MT. I use them but rely more on rsi at this time, especially to spot Likica's divergences. The picture shows those two indicators on chart

Cheers fellas
Attached Image (click to enlarge)
Click to Enlarge Name: spuds_rope.png Size: 26 KB
Attached File(s)
File Type: mq4 Stoch- LTFS.mq4   5 KB | 773 downloads
File Type: mq4 Stoch-HTFS.mq4   5 KB | 761 downloads
"You know what needs to be addressed , completely completely reverse that".
  • #456
  • Apr 4, 2016 8:48am Apr 4, 2016 8:48am
Quoting Kmw
{quote} Bigbird, and others, I'm not trying to take anything away from this thread, just suggesting you may be interested in an old thread here in FFcheck out spud's stochastic theary thread, http://www.forexfactory.com/showthre...39#post8369939 And these two indicators. Multiple stochs made into a single indicator. Just place them into the same window one on top of the other. I'm running windows 10 no problems with that nor this current version of MT. I use them but rely more on rsi at this time, especially to spot Likica's...
Very interesting thread. Without doubt this thread could help me to understand the stochastic theory better. Thank you very much kmw. Have a nice trading day ahead.
  • #457
  • Sep 16, 2016 6:46pm Sep 16, 2016 6:46pm
I really like trading using Pending Orders and this week I used the Stochastic on the D1 time frame and so far found it great especially after getting most of my losses back. When the Stoch is over bought I place a pending order 20 or so pips below the closed candle and my stop 10 or so pips above.
When it looks like it's about to change close your trade I like closing at 50 pips or you could let it run.
  • #458
  • Nov 21, 2016 2:56pm Nov 21, 2016 2:56pm
Why is this thread dead??? nobody uses stoch?
  • #459
  • Mar 5, 2017 11:29pm Mar 5, 2017 11:29pm
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  • #460
  • Mar 6, 2017 1:21pm Mar 6, 2017 1:21pm
Attached File(s)
File Type: ex4 CPrice.ex4   3 KB | 535 downloads
Attached File(s)
File Type: ex4 RCI_3Line_v130.ex4   10 KB | 665 downloads
Attached File(s)
File Type: tpl whateveridon- La plantilla .tpl   5 KB | 514 downloads
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