Multi Stoch - expanding upon 'Spud's Stochastic Thread Theory'

Yes the "D AV" is not used in the strategy at all as it is lagging...the programmer added it in on his own without asking, which is why I mentioned in my post that I ignore it and just utilise the K AV for the line it produces for now, and add my own D% line in by adding in a standard Stochastic overlaid in the same window.

Regarding CPU overload, I have never personally had an issue, but to assist others it may be an idea that I add in a "maxbars" feature. I will check with the programmer and see whether he has already added this in. This would most likely solve people's problems. I assume then that you could apply this to a number of pairs with 2 or 3 time frames at once, at the very least. Myself, I like to concentrate on ONLY one pair at a time as I find any distraction that takes away my focus unwelcome. But if you find the need to trade multiple pairs, I don't see why a maxbars feature wouldn't solve your issue.

Regarding the "value" of the lone indicator, the dark blue one, (I presume you mean that one?) it is the fastest moving stoch at 6/3/3, represented as "Value 8" in the data window (LTFS), and provides a clear visual display when there is a change in momentum occurring. When this starts to unravel from a rope, it is a sign of a rope losing its' momentum...if this starts to cross through and above / below all other stochs, then is signifies a change in momentum...it leads the pack in terms of what is happening in the short-term, but cannot be relied upon on its' own for an entry alert, as the longer-term stochs offer another part of the story also.

Thanks for the confirmation/explanation about the D Line. The lone stoch indicator, I believe he's using an orange arrow to point out the one I'm talking about. I'm not sure why he left it on there.

Oh i understand now, sorry i wasn't answering your question. Yes I am unsure why that is showing, perhaps gazpacho can let me know.Â

To be honest though i feel this is getting a little out of hand at the minute. I do feel people's frustration at not having access to an indicator and as such i am trying to offer interim solutions, but i will admit it is getting a little untidy.

My only hope is that i have something concrete to offer you guys in the coming week. Then we can all relax and start focusing on the job of earning pips rather than trying to set up our screens correctly...

it was in template in this post (gold colored one) (14 3 3 exponential high/low main:gold signal:none)
thats why i added it (just changed colour > orange one)

Sorry for the distraction! I have killed that rabbit and won't be going down that hole/path again.

My post is not aimed at any one person...i am just frustrated that I can't give you all what I have promised. Really hoping for an update over the weekend. This piecemeal approach is not ideal...

Ok I get it now. That is the 14 period. People who have read Spuds thread and his .pdf file will know that he likes the 14 a lot. I have kept his colourings and thicknesses to try and maintain at least some of what he was setting out to do. He doesn't explain why he likes this line so much, only that it just works. He calls it the Base Stochastic and relies on it a lot, particularly when it forms a "Wall" or a "Rope".

I have already recommended people read his thread and .pdf file, and have included links to both at the start of this thread here. There is much to learn from Spud!

Sorry for late reply. No worries, please take your time. Thanks and good luck with your thread

Hello thread, long time no chat...my apologies. I have been trying my hardest to get this indicator finished and released. I forget the number of contact attempts I had made to my programmer over this past week which went ignored. Frustration has turned to anger and I finally let loose on him yesterday, and then magically I received it.

And then I tested it.

And it is an absolute shambles.

He has worked extremely hard, no doubt - there are over 1200 lines of code, and he endured a computer malfunction after a blackout that saw him lose most of the data he had written, along with most everything else on his computer, which he then needed to rebuild / reinstall from scratch.

But I am too frustrated and have lost all patience and as such I have chosen to find somebody else to take on the project.

Until I have something concrete to offer you, there is simply nothing else I can offer here other than answering your questions and providing screen-shots of setups as I see them happening.

I am feeling the impatience in here grow and at least one person has unsubscribed from the thread, which I understand completely. All I ask for is your continued patience until I am able to offer you what you came here for. From my own personal trading results using this strategy, your patience will be rewarded.

I hope to be able to provide you all some better news very soon

Hi Kirkleaforex, after describing what your programmer does, I got the slight feeling that he just copy pasted things together and was not able to manage to get it done (computer broke). I know how programmers tick. Hope you find a more knowledgeable one. Also think about those who office their service for free if you release the code to the public and they are personally interested in this indicator. Best, Patrick

with all respect to thread starter............I got annoyed by those multicolored indicator threads

Hehe fair enough, thanks for the honesty!

It is these threads which tell me the story of what price is doing, allowing me to stay in trades for a greater return rather than exiting too early. They may appear annoying, but they are the backbone of the strategy.

The indicator will offer you the option of turning these off so that only the K AV line and the D line are visible, with optional FAST K AV and SLOW K AV lines available also. Additionally the 19 Stoch lines can be coloured differently if people so choose. So no matter what your taste is in this indicator, I hope to have you covered!

I have interest from a coder here on FF who has offered to assist, so I will update you soon on how quickly we can get this out to you guys.

To be realist, This page ( forexfactory.com ) is over-rated!.

Is not your responsibility on the other people and the type of information that you publish.

If that was working for you......stick to it........never mind my word......my apology......I am just one of those indicators haters.........."The dispute does not spoil the intimacy"

Quality work is worth waiting for! Meanwhile I'm trying to extract signals from the available template, it's still not so easy to trade it live even though I keep reading the strat again and again as well as being a MTF Stoch trader, but of course it's easier for Kirk as it's his own observations and he has been testing it for six month. So I'm sticking to my own MTF stoch for live trading while observing and comparing with Kirk's strat.

I think if I'm able to extract signals without alerts then it will be a piece of cake once the indicator is released.

Here is a sell signal i've observed on USDJPY while trading it, it was easier for me to see my own signals on the pair so i switched to Kirk's template and tried to mark the entries based on what is explained in this thread.

on M15 there was an alert marked by the dark orange vertical line then an entry signal marked in lime color.

on M5 you can see both lines from M15, I think there should be a signal on M5 1 or 2 candles after M15's signal, however I didn't mark it as price was already at the lower edge of the BB and K AV in an extreme zone. So M5's signal is marked at 12:40 in lime and my TP at DS1, it's about 15 pips.

The interesting which I didn't observe cuz I've made the screenshot then had a break from trading, but as you can see on the second screenshot M15 was forming a rope and on M5 two candles after my exit there is a buy signal.

My vertical lines might not be so accurate and if so I hope Kirk would correct me regarding any of the above.

Thanks and cheers,

Regarding placement of your vertical lines, yes I do think there has been an error there. Let's look at the steps involved in identifying this SELL trade setup on the M5 and the M15.

STEP 1 - M5 setup

As I see it, because there was no Alerts 1 or 2, (i.e. K AV and D were already below the overbought zone), we skip to the next alert (Alert 3), and wait for a crossover of K AV below the D signal line, which happened at around 0925hrs (on my chart anyway). Place a DARKORANGE vertical line here.

I would then check the higher time frame as we are now close to a possible entry on the M5.

STEP 2 - check higher TF for SETUP ALERT/s

We are looking for a SELL SETUP alert on the M15, either Alert 1, 2 or 3, which gives us confluent conditions for an entry from the M5.

At 0930hrs on the M15 all of the stoch lines were below the overbought zone also, so there has been no setup alerts as yet on this time frame. So we have no clear entry signal suggesting there is a sell on the way.

However at 1000hrs we have a SETUP Alert (Alert 3) when K AV crosses beneath the D signal line, and therefore at the new candle open this confirms SELL conditions and we move back to the M5 to check for an entry.

STEP 3 - WAIT FOR ENTRY ON M5

At 1015hrs on the M5 there is another alert (Alert 3) and so we place another DARKORANGE vertical line here.

As we are already in a confirmed sell setup (Alert 3) on the M15, we are clear to enter as soon as there is an ENTRY ALERT (alert 4) on the M5, and this comes at the close of the candle at 1025hrs. K AV has crossed below the 50 line, FAST K AV has not breached the oversold zone, price is below the BBCL and the BBCL itself is now falling.

Entry is therefore at 1030hrs. It is a great entry, there is immediate profit with zero drawdown, and we target the DS1 which is around 20 pips before spread.

But price doesn't reach the DS1...hmmmmm...

It is easy to reflect on these charts and say what you might have done in hindsight, however I would have most likely taken my profit at the close of that 3rd candle which broke below the BB outer band and nearly hit the TP.

I only say this as price would need considerable volatility to continue pushing down through an outer BB when it is just above a Pivot Point (and not just the DS1, but a short distance above the Weekly Pivot also!) This isn't to say it doesn't happen; I just prefer to bank pips when I have them and not risk losing them when there is increased risk, as there was in this instance.

All in all, that could have been a nice 13 pip trade, and then we have a great BUY setup on BOTH the M15 and the M5 pretty soon afterward as price bounces off the PP. There was an M15 rope and the M15 stochs are leaving the oversold zone. Targetting the Daily Open here would have netted close to 30 pips before spread.

Two great trade examples using only one currency pair, all in the space of a few hours.

Thanks for the trade example Dreamwalker - it is great practice for everyone to see how these MTF setups can produce a nice result.

Thanks Kirk, overall I got it right specifically on the M15. The trade you're talking about, I've mentioned that I skipped it because it was at the lower BBL, however the other sell entry I mentioned came at 12:40 on the M5, I consider it a Re-Entry sell. so could you please confirm if correct?

As per my understanding the Re-Entries signals should fire whether you're in a trade or not, right?

G'day there!

Yes, re-entries will fire regardless; they are independent of the normal setup /entry alerts.

Your trade for that 1240entry would have been fine, as long as re-entry criteria were met at the close of the 1235hrs candle.

So, if price was below the BBCL, the BBCL was starting to fall, and there was a valid cross of K AV below the D signal line, this would have been a decent re-entry trade.

It took its sweet time to get to the PP, about an hour, but with no drawdown you would be happy with PIPs in the bank and more confident in spotting your MTF seups and entries for future trades. Nice one!

Here is another sell entry on Gold M15 with M30 bias, the screenshots are self explanatory:

First Screenshot:
M30: an alert 3 (dark orange) >>> M15: alert 3 (DarkOrange) then a sell signal (Red) and TP at the PP.

Second Screenshot:
The end result while typing this post, a 220 pips (1 pip = $1 per standard lot) don't get confused!

and price is still dropping

Edit: Note that I didn't wait for candle close I've sold with the M15 signal, yeah trigger happy