stevehopwoodforex.com • Multi_Stoch_Rsi_Trader

Author:

snailfx [ Tue Dec 04, 2012 4:57 pm ]

Post subject:

Re: Multi_Stoch_Rsi_Trader

Hi everyone.
I haven't had any succes with Multi_Stoch_RSI on M15 TF so I started to play with stochastic indicator to see how it could be used as a trigger and results were unexpected (maybe only for me as beginner

).
Having a very limited coding skills I modified an Ilan EA kernel . I used a Stochastic (15,6,7) which is not so choppy as 7,2,2 on lower TF. The logic for buy signal is :
Sto_main(shif 1) < Sto_signal(shift 1) - diff && Sto_main(shift 0) >= Sto_signal (shift 0), and for sell:
Sto_main(shif 1) > Sto_signal(shift 1) + diff && Sto_main(shift 0) <= Sto_signal (shift 0).
diff is the minimum accepted difference between main and signal before cross trying to catch sudden moves. diff = 5 gave best results.
On M5 TF, the results after 18 days (on a demo account) are promising (if it isn't an exception).
I had to close some trades manually because EA did not set TP. Max. trades was set to 4 and there were 6 trades exceeding first step.
Total number of pips 747 . Max. drawdown pips -506.
Total number of trades 93
Number of winning trades 81

Andrew maybe you could use something like that as trigger on a lower TF.

PS. I hope you understand my english.

PS1: I don't want to interfere with current topic so please don't comment this EA. It was created for testing purposes only.

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Author:	matt_32 [ Fri Nov 23, 2012 10:26 am ]
Post subject:	Re: Multi_Stoch_Rsi_Trader
jeremysprite wrote:Multi Stoch has been very quiet lately, one trade 3 days ago on USDCAD and one trade yesterday on AUDNZD - are other people having the same quiet activity? I'm wondering if I switched something off that I shouldn't have... Same here . I think its the market that causes this . Today mine opened a EURNZD position, other than that it has been a very slow week Matt

Author:	spotdespot [ Fri Nov 23, 2012 5:22 pm ]
Post subject:	Re: Multi_Stoch_Rsi_Trader
I had trades guys:

Author:	theforexedge [ Fri Nov 23, 2012 7:06 pm ]
Post subject:	Re: Multi_Stoch_Rsi_Trader
spotdespot wrote:I had trades guys: Spotdespot What settings are you using? as I got one trade today GBPUSD, it would be great to compare your setfile if that's cool? JP

Author:	jeremysprite [ Fri Nov 23, 2012 7:16 pm ]
Post subject:	Re: Multi_Stoch_Rsi_Trader
Yeah I picked up that GBPUSD trade as well (stopped out at -40), and that USDCAD one finally made some ground?

Author:	spotdespot [ Fri Nov 23, 2012 10:01 pm ]
Post subject:	Re: Multi_Stoch_Rsi_Trader
theforexedge wrote: spotdespot wrote:I had trades guys: Spotdespot What settings are you using? as I got one trade today GBPUSD, it would be great to compare your setfile if that's cool? JP Yes of course - I don't remember changing that much but have a look at the attached set file and check what might be different. Cheers, Dave.

Author:	jeremysprite [ Wed Nov 28, 2012 8:31 pm ]
Post subject:	Re: Multi_Stoch_Rsi_Trader
Hey Andy, how are things coming along with revised version? or was 1.06 the latest update (i'm still on 1.03) had a reeeeal slow last week but last 2 days I've picked up a huge amount of trades. I've also adjusted my jumping stops, going for 20p breakeven (instead of 50) and jump the stop every 30 pips (instead of 50) Just not getting the movement needed for a 50 pip breakeven point, only pairs moving that much are JPYs

Author:	MrLong [ Thu Nov 29, 2012 9:44 am ]
Post subject:	Re: Multi_Stoch_Rsi_Trader
jeremysprite wrote:Hey Andy, how are things coming along with revised version? or was 1.06 the latest update (i'm still on 1.03) had a reeeeal slow last week but last 2 days I've picked up a huge amount of trades. I've also adjusted my jumping stops, going for 20p breakeven (instead of 50) and jump the stop every 30 pips (instead of 50) Just not getting the movement needed for a 50 pip breakeven point, only pairs moving that much are JPYs Hi, I'm just tidying a few bit up then I'll upload. Thanks Andy

Author:	phil_trade [ Tue Dec 04, 2012 5:09 pm ]
Post subject:	Re: Multi_Stoch_Rsi_Trader
snailfx wrote:Hi everyone. I haven't had any succes with Multi_Stoch_RSI on M15 TF so I started to play with stochastic indicator to see how it could be used as a trigger and results were unexpected (maybe only for me as beginner ). Having a very limited coding skills I modified an Ilan EA kernel . I used a Stochastic (15,6,7) which is not so choppy as 7,2,2 on lower TF. The logic for buy signal is : Sto_main(shif 1) < Sto_signal(shift 1) - diff && Sto_main(shift 0) >= Sto_signal (shift 0), and for sell: Sto_main(shif 1) > Sto_signal(shift 1) + diff && Sto_main(shift 0) <= Sto_signal (shift 0). diff is the minimum accepted difference between main and signal before cross trying to catch sudden moves. diff = 5 gave best results. On M5 TF, the results after 18 days (on a demo account) are promising (if it isn't an exception). I had to close some trades manually because EA did not set TP. Max. trades was set to 4 and there were 6 trades exceeding first step. Total number of pips 747 . Max. drawdown pips -506. Total number of trades 93 Number of winning trades 81 Andrew maybe you could use something like that as trigger on a lower TF. PS. I hope you understand my english. Could you publish your EA please ?

Author:	jeremysprite [ Tue Dec 04, 2012 6:59 pm ]
Post subject:	Re: Multi_Stoch_Rsi_Trader
Hi Snail, some great looking results there, do I read the report right that it says average loss is 0.3 pips and average win 0.2 pips? Seems like a very small gain per trade, I'd think that slippage (on a live account) would eat that up? Looking at the individual trades statement it looks like most trades are making between 10-20 pips though? Thanks for posting!

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