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Dear good members of this forum,
I thank you all for your immense contribution to this forum which has
been a great source of education for people like me. My problem now
is how to harmonize the various appearances of stochastic on different
timeframes for example when stochastic 5, 3, 3 is moving out of line 20
on 4hrs TF suggesting a buy (long) same 5, 3, 3 stochastic on 1hr TF
may be coming out of line 80 suggesting a sell (short). Please, how do
we reconcile this. Somebody help me.
Best signal is allways in bigger TF from my experience, but you have to put bigger SL also. If you want a more reliable signal, wait for stochastic to align in both TF, not matter if that mean to enter a little late.
Just be cautious in your TP if stochastic in bigger TF is overbought/oversold at the moment when stoch in lower TF give you the signal in the same direction.
What is difference between fast and slow stoch in simple words, and how i need to customize my iStochastic lines in code below to test fast/slow one? As i am using just 5,3,3 ... is it fast/slow/default?
My target periods are M15 and M30 ... I made some EAs based on Stochastic M15 + ADX and they are so-so ... On Strategy tester I get 1000-2000 maximum per month with a lot of stop losses. I would like to make one EA where I will combine few periods stochastics:
And I am closing these positions if laStoK030 < 25 or laStoK030 > 75. But it seems something is wrong here as I lose ALL money in half month!?
Can somebody tell me:
1. Is this logic possible to be implemented and is it logical thinking? I think this should be almost 100% openings = earnings. It should be 100% sure that price will go UP if 15, 30 and 60 mins stochastic K is above d and rising? Or I am wrong?
2. Do you know for some EA like this which minimize SL
Also I wanted to make indicator which draw stoc K and stoc D for 15 and 30 mins ... hardcoded values - without considering what period is selected ... with 4 lines there ... maybe will be messy but at least will show me lines at once. Does this make sense at all?
I know you posted this long ago, but I
want to say thank you. I finally found this
indicator after trying sooooo many others
color stochastic x versions this is the only
one I have found that actually alerts
on the crosses like it should.
thank you!!
GF
Quote:
Originally Posted by banzai
I modified the MA crossing indicator so we can have a Stochastic crossing indicator. It has an alert too. It'll alert only once per crossing and not every bar. In addition, it has an e-mail alert. You can choose 10 different arrow styles:
Typical alert messages:
EURJPY (M30): Stoch (30,10,10) crosses UP
EURJPY (M15): Stoch (30,10,10) crosses DOWN