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Stochastic and AC in different dimensions - thay scaled differently; any new AC peak will resat (move) AC zero line (by default - AC autoscaled)
so - to match AC zero and Stoch level 50 (no way zero, off course) - you have to resat AC max/min each chart screen on each TF on each currency...
4example - put RSI and MACD in one window, scroll back and force and look how they "rob" against each other - cross been here, slight market move or your mouse move - and cross gone to other place...
Ah.. I see.. so what actually OzFx meant to say is: Go Short when Red AC is below zero (crosses the zero line from top to bottom) and Stot is below 50, and vice versa?
I am a newbie with strategies (though I'm good in programming ), I have a very newbie question regarding the Stochastic indicator.
As you've pointed out above, go short when AC is below zero and Stot is also below zero.
My question is that the Stot value in the chart is always positive and never goes under zero. Do you actually mean that the zero is not the Stot value itself but actually referring to both Stot lines crossing the zero AC line?
I also see an upper limit (80) and a lower limit (20). Can it also mean that "below zero" means the Stot value is below the lower limit line?
Thanks
Hi Azmel,
I meant to say enter when Stot crosses 0 line of AC.
Thanks for the clarification, OzFx. The reason why I asked is that I've downloaded the EA from Forex Factory and find that it doesn't do a short.
When digesting the code, I found out that the author has put something like if Stot<0, go short - thus the no-trade as the Stot value never goes below zero.
fxbs' explanation is much clearer if one's intention is to write the EA.
I am currently re-writing OzFx's EA from scratch with the money management feature as per his original methodology. I am forward-testing it now for bugs. Once it is certified as working, I will post it here.
Thanks for the clarification, OzFx. The reason why I asked is that I've downloaded the EA from Forex Factory and find that it doesn't do a short.
When digesting the code, I found out that the author has put something like if Stot<0, go short - thus the no-trade as the Stot value never goes below zero.
fxbs' explanation is much clearer if one's intention is to write the EA.
I am currently re-writing OzFx's EA from scratch with the money management feature as per his original methodology. I am forward-testing it now for bugs. Once it is certified as working, I will post it here.
Hi Azmel,
Looking forward to your EA. I also post daily signal on my blog which I trade manually. Perhaps you can look at them as well for better understanding.
Quick reminder for people having issues with receiving daily signal alerts, please add admin@ozfx.com.au into you contact list. Check you spam folder just in case as well.
), I have a very newbie question regarding the Stochastic indicator.
Linear Mode
