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Old 12-09-2005, 11:34 AM
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I may say that I am using classical Stochastic now with the settings 14, 5, 5 on H1 timeframe and it helps to filter the signals and to good exit as well.
I am moving the S/L by T/S of course as usual but to close the order according to Stochastic is much more profitable.

So, everything is with no changes: Trading on H1 with M15 confirmation. But i use Demark (default settings) and Stochastic (as described above).

Also I discovered that sometimes we have good correlation between BT system and the price. But sometimes not very good. It means that I use confirmation on m15 timeframe but sometimes not for whole 1 hour.

So, it was very strict rule:

if the signal appears on H1 on bar opened and bar was closed with the signal as well I look on m15 to confirm: it should be no red color on m15 during the open-close bar on H1 (1 hours) if buy signal on H1, and no blue color on m15 if sell.

Sometimes the correlation between BT indicators and the price is not so strong so I confirm on M15 not during 1 hour. 45 min may be enough in case if we use Stochastic with 14, 5, 5 settings.

It was just my estimation because I am still testing this system.
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