Lightning McQueen
Moderator
- Messages
- 4,983
- Likes
- 818
i thought you were into macd last you posted? you not like macd? you don't seem to have persevered with it for very long.
...and your title spelling
anyway, try looking at it on its own 1st, heres a link that's been posted before http://forex-strategies-revealed.com/trading-strategy-fullstochastic
when you have that set up and working, you can then set about looking into improving by adding in elements if you wish.
...and your title spelling
anyway, try looking at it on its own 1st, heres a link that's been posted before http://forex-strategies-revealed.com/trading-strategy-fullstochastic
when you have that set up and working, you can then set about looking into improving by adding in elements if you wish.
Last edited:
Sang Froid
Well-known member
- Messages
- 344
- Likes
- 60
Intraday swing?
You mean just intraday I guess. Stochastic cross is okay, have to be very very disciplined about exits though. Why don't you stick an sma 100 on an H1 chart and only look for shorts if below and longs if above using your stochastic cross. Also try setting your stoch to 14,3,3 for a more 'smoothed' line.
Like I say this is an okay strat but like everything... need to have serious discipline!
You mean just intraday I guess. Stochastic cross is okay, have to be very very disciplined about exits though. Why don't you stick an sma 100 on an H1 chart and only look for shorts if below and longs if above using your stochastic cross. Also try setting your stoch to 14,3,3 for a more 'smoothed' line.
Like I say this is an okay strat but like everything... need to have serious discipline!
Last edited:
B
Black Swan
For a while I used Macd/stoch/rsi.. Worked well for entries, there ain't nothing invented that'll tell you when to get out, not even psar which I use to move stop as trend develops not for much else.
I went back to the strat I mentioned and looked how it would have performed on a two hour time frame recently, worked very well back tested versus a couple of pairs, eur usd
eur jpy..
Setting for Macd standard, rsi 5, stoch 9 3 3....
Ad nauseum black swan musing; " all strats 'work' even random ronnie robots, what makes the difference between success and failure is a healthy trading psyche and your money management
wackypete2
Legendary member
- Messages
- 10,211
- Likes
- 2,058
I use the "Vendor Indicator" - When the vendor crosses up, I point and laugh.
Peter
Peter
wackypete2
Legendary member
- Messages
- 10,211
- Likes
- 2,058
wackypete2
Legendary member
- Messages
- 10,211
- Likes
- 2,058
I never liked stochastics myself. But a confirming indicator should not be another oscillator. Use a trend indicator to confirm. May times a simple ma such as 20,50, or 100 will do the job. The best way to find out what works best for YOU is just do some experimentation.
Peter
Peter
B
Black Swan
Remember like yesterday the eureka moment I had years back watching price smashing short through the 20 ma, then long, bless the enthusiastic innocence..
.like all of us I look at what price does around the 200, but I often wonder how easy I'd have made the job if I'd just stuck to a simple ma x over, position traded currencies and oil and metals, and nothing else...?Hi there,
Thanks for the reply, yes I found that the Stoc moves faster the MACD, I think that I would use the MACD for helping to hold onto positions.
I a new to all this, so I suppose am skipping around leaning about indicators ect..
QUOTE=Lightning McQueen;1624316]i thought you were into macd last you posted? you not like macd? you don't seem to have persevered with it for very long.
...and your title spelling
anyway, try looking at it on its own 1st, heres a link that's been posted before http://forex-strategies-revealed.com/trading-strategy-fullstochastic
when you have that set up and working, you can then set about looking into improving by adding in elements if you wish.[/QUOTE]
Thanks for the reply, yes I found that the Stoc moves faster the MACD, I think that I would use the MACD for helping to hold onto positions.
I a new to all this, so I suppose am skipping around leaning about indicators ect..
QUOTE=Lightning McQueen;1624316]i thought you were into macd last you posted? you not like macd? you don't seem to have persevered with it for very long.
...and your title spelling
anyway, try looking at it on its own 1st, heres a link that's been posted before http://forex-strategies-revealed.com/trading-strategy-fullstochastic
when you have that set up and working, you can then set about looking into improving by adding in elements if you wish.[/QUOTE]
Hi Black Swan,
Standard settings for MACD 12.26,9?
Yes 9,3,3 does look at lot smoother. And for the RSI it is 30/70 for over sold/bought?
Also there is an alert on SS that alerts if there is crossover before being confirmed bu the next time frame, which is handy.
Standard settings for MACD 12.26,9?
Yes 9,3,3 does look at lot smoother. And for the RSI it is 30/70 for over sold/bought?
Also there is an alert on SS that alerts if there is crossover before being confirmed bu the next time frame, which is handy.
Last edited:
Yes that is true, for intraday the FTSE 100, would a 10 profit loss, with 15 - 20 target be sensible money management?
In wider terms, what stop/win ratio would you think of for any intraday trading?
I do find that if I am in a position I am if in a loss I get out before the 10, and if winning out before the 20,
I guess more discipline is needed,
In wider terms, what stop/win ratio would you think of for any intraday trading?
I do find that if I am in a position I am if in a loss I get out before the 10, and if winning out before the 20,
I guess more discipline is needed,
Doomberg
Established member
- Messages
- 960
- Likes
- 75
I don't know tbh... all i know is that i just woke up naked with no memory, there is other peoples clothes dotted about my villa, but i have no idea
I may just walk in to the other rooms and say "hey everyone, shall i order a take away?"
Cos at the moment i have no other options really, i'd love to know what actually happened
Sang Froid
Well-known member
- Messages
- 344
- Likes
- 60
Have you tried walking yet? If it feels painful and you have a slight limp you might have been 'Lubbocked'
B
Black Swan
Yep it is, could let you into a secret re. a leading investment bank that actually recommends trading with it on those settings, too much of a shock for some of our regulars to realise/ accept that a huge IB would use indicators for trading...:
As for over bought/oversold with rsi yep typically those are the areas..but you may prefer to use them in a slighty wacky way..consider what price does when it reaches those areas on a 5 setting, on time frames of 2 hours above I used to have a bit of success just diving in taking 20 extra pips when price went over the oversold or overbought...sound crazy?
Gotta go, preparations for my Daughter's 18th party are mounting up
Sang Froid
Well-known member
- Messages
- 344
- Likes
- 60
Maybe it was you doing the 'intruding'
btw amongst the clothes you didn't find a blue watch and a pair of Next socks did you :whistling
