The indicator was coded by an user named "Alan", but I do not know his nickname (maybe bob or steve know?)Jemook wrote: Just wondering who coded the attached stochastic alert indicator? AEJ 10.6 STO Alert..
Jeremy,Jemook wrote:Hi guys,
Just wondering who coded the attached stochastic alert indicator? AEJ 10.6 STO Alert..
It works perfectly - I was wondering if the author would be able to make an EA version which instead of sending an alert triggers a trade and then removes itself? I've asked Steve to help me out with this (thanks Steve) but I figure if this code does exactly what we need it to do then it might be a simple conversion to make it execute a trade instead of sending an alert.
- Usage for a buy would be to drop the EA on the chart when above the user defined level (say 80) and then it would trigger when falling below 80 and then stop trading.
- Usage for a sell would be to drop the EA on the chart when below the user defined level (say 20) and then it would trigger when rising above 80 and then stop trading.
Also, is this indicator taking into consideration the 60, 240 MA's as per the filename?
Thanks!
J
Thanks Bob. One of the ways to filter this would be to wait for a close of the H4 bar before launching the trade. I believe Steve's EA has this functionality ie:nanningbob wrote:OK a problem with a STO EA is that the STO signal line can move above and below the signal line several times during a 4H bar. That is why we take a signal and then set the trade with more momentum than just the STO. Now I solve part of that problem by using a SMOOTHED so it is less likely to move around as much. But whoever does deal with STO EAs must have a filter placed to stop that from happening or you will be taking a bunch of losses before the move. So you need more than just the STO, you will need a filter.Jemook wrote:Hi guys,
Just wondering who coded the attached stochastic alert indicator? AEJ 10.6 STO Alert..
It works perfectly - I was wondering if the author would be able to make an EA version which instead of sending an alert triggers a trade and then removes itself? I've asked Steve to help me out with this (thanks Steve) but I figure if this code does exactly what we need it to do then it might be a simple conversion to make it execute a trade instead of sending an alert.
- Usage for a buy would be to drop the EA on the chart when above the user defined level (say 80) and then it would trigger when falling below 80 and then stop trading.
- Usage for a sell would be to drop the EA on the chart when below the user defined level (say 20) and then it would trigger when rising above 80 and then stop trading.
Also, is this indicator taking into consideration the 60, 240 MA's as per the filename?
Thanks!
J
Most of the JPY pairs continued going up.nanningbob wrote:I decided to look at all the jpy charts and I see a normal retracement. That is normal, pull back, sto7 goes back down below 20. Look for it to rise up again above the 20 and DP and set your pending orders. I dont see anything that would replace that. I quit using the 4H CSS as a change of direction for this very reason. JPY got as high as the 2nd highest on the 4H CSS last week and could make it again this week but it still is the weakest currency out there and when and if it goes back into its trend it will make for some nice trades.
Now if you are a counter trader and picked up these retracements, you certainly did a good job but for me getting people to just follow trend signals is hard enough without confusing the heck out of them with CT trades. I tried that at FF with three separate threads and I went nuts trying that. So except for the aud/jpy, with the aud being as weak as the jpy, we can see that nice retracements with jpy sells back into the UT are there. We can take some warning that some have hit the 60 MA which may mean this months move may not be that big. Anyway I have my aud/jpy, eur/jpy, gbp/jpy, cad/jpy, chf/jpy, nzd/jpy, and usd/jpy buys ready to go. Hits some quick gold and close up this Friday.
Rumors of a budget deal in Washington my give the USD a boost so keep an eye on that story. After 3 years of budget fighting they may have a 2 year deal. Hopefully its true and we can get back towork.
Your is the same as mine CSS which is the 24 pairs. Amount of pairs is up to you you can specialize in what you know or have a variety. You will want as many JPY pairs because that is a known quantity as far as fundamentals. Let me tell you what I dont tradeart wrote:hi guys a bit busy at this time of the year so not much time to participate, here is my daily css, its now 9.15 am, uk time looking at tims chart mine is showing different from tims, although theres about 4 hour difference, does my chart look correct? also bob i may decide to limit the ammount of pairs in the new year, what pairs would you suggest i use, cheers
I never like the Close of a bar because you may miss the whole move during a 4H candle. I have tried solving that with MAs by doing the equivalent on a lower time frame. For example a 15 on the 4H is a 60 on the hour or 240 on the 15M. I dont know if you get equivalents with STO doing that but that is a possible solution.Jemook wrote:Thanks Bob. One of the ways to filter this would be to wait for a close of the H4 bar before launching the trade. I believe Steve's EA has this functionality ie:nanningbob wrote:OK a problem with a STO EA is that the STO signal line can move above and below the signal line several times during a 4H bar. That is why we take a signal and then set the trade with more momentum than just the STO. Now I solve part of that problem by using a SMOOTHED so it is less likely to move around as much. But whoever does deal with STO EAs must have a filter placed to stop that from happening or you will be taking a bunch of losses before the move. So you need more than just the STO, you will need a filter.Jemook wrote:Hi guys,
Just wondering who coded the attached stochastic alert indicator? AEJ 10.6 STO Alert..
It works perfectly - I was wondering if the author would be able to make an EA version which instead of sending an alert triggers a trade and then removes itself? I've asked Steve to help me out with this (thanks Steve) but I figure if this code does exactly what we need it to do then it might be a simple conversion to make it execute a trade instead of sending an alert.
- Usage for a buy would be to drop the EA on the chart when above the user defined level (say 80) and then it would trigger when falling below 80 and then stop trading.
- Usage for a sell would be to drop the EA on the chart when below the user defined level (say 20) and then it would trigger when rising above 80 and then stop trading.
Also, is this indicator taking into consideration the 60, 240 MA's as per the filename?
Thanks!
J
A: Wait for move above/below STO level and trigger OR
B: Wait for a close of the H4 bar, then check if the STO has moved above/below the STO level before triggering trade
I am closing down the year which means when a currency profits or BE I close it out and am done. Unless its so obvious, like gbp/nzd, I will trade those. I had two sets of trades I did in November which I regret. The JPY had shown all year that at the end of the month it would strengthen so I took chf/jpy and nzd/jpy sells. As you can see I got my brains beat in. I cleared out the nzd/jpy the first week and chf/jpy the second week. So now I am sitting pretty. All my trades left are positive swap trades so I can sit on them all month and let the swaps build up in my account. So I am neither up nor down this point of the month.trucomallica wrote:Bob, how has been your trading with this system in december? are you still trying to get to BE on other trades or you think you will be able to trade as it were any other month to see how it behaves?
What does "EDSEL" means?
