Dax Beater
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Yes sure,,,,,,did you get my new e mail address?
Hi Keith,
Nice pic and great results - but I don't see any stochs on the chart - also what settings are you using? And if you wouldn't mind, what's your entry ?
Sorry to be pain mate but its something that interests me... I trade the ES used to love the stochs but could never get them (or my entry) as optimal as I'd have liked.
Cheers Mark : )
Nice pic and great results - but I don't see any stochs on the chart - also what settings are you using? And if you wouldn't mind, what's your entry ?
Sorry to be pain mate but its something that interests me... I trade the ES used to love the stochs but could never get them (or my entry) as optimal as I'd have liked.
Cheers Mark : )
Dax Beater
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Mark,
You dont actually need the Stocs on the chart as long as you have the system running on it.
Settings? On which? The Dax or the Dow?
Funny enough if you are refering to the Mini s&p I have never found anything in 7 years that works on that market as good as what I have on the others.
Proberbly better to email me Mark.
Keith
You dont actually need the Stocs on the chart as long as you have the system running on it.
Settings? On which? The Dax or the Dow?
Funny enough if you are refering to the Mini s&p I have never found anything in 7 years that works on that market as good as what I have on the others.
Proberbly better to email me Mark.
Keith
Dax Beater
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Guys.....3 posts up I said.........did you get my NEW email address? And you all posted to the OLD address........! No wonder you havent got a reply!
New email addy as [email protected]
New email addy as [email protected]
Dax Beater
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Just for Mark I I did a bit of work on the Mini S&P. This was run this over the Mini S&P for 5 days with one contract per trade.
See what you think,
Comments please.
Regards
Keith
See what you think,
Comments please.
Regards
Keith
Looks very impressive, Keith.
It would seem Stochastics-based systems may in fact work in ES...
What about over a longer period?
By the way - have you done any work with ADX/ DMI?
I was looking at it last night for possible uses in conjunction with other indicators and it could be useful for avoiding false reversal divergence signals during trending periods...
I spoke to a US stock trader once who used it profitably but never looked into it further. I think it's worth some investigation for the Futures.
It would seem Stochastics-based systems may in fact work in ES...
What about over a longer period?
By the way - have you done any work with ADX/ DMI?
I was looking at it last night for possible uses in conjunction with other indicators and it could be useful for avoiding false reversal divergence signals during trending periods...
I spoke to a US stock trader once who used it profitably but never looked into it further. I think it's worth some investigation for the Futures.
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Dax Beater
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Thanks Mark,
but the reason I asked for comments was that as I had said to you before, I have never manged to find anything that worked on the SP, if there are other traders out there that can better those numbers I would be pleased to hear about them.
I didnt post them up to be cocky about them! Because I dont know if they are good or not! lol
By the way those numbers were with commisions paid.
Regards
Keith
but the reason I asked for comments was that as I had said to you before, I have never manged to find anything that worked on the SP, if there are other traders out there that can better those numbers I would be pleased to hear about them.
I didnt post them up to be cocky about them! Because I dont know if they are good or not! lol
By the way those numbers were with commisions paid.
Regards
Keith
hi xgcsmith
Well the settings come down to what sort of time frame you wish to use, how you wish to use the stochastic (ie crossover, divergence etc) and the no of trades you are trying to generate.
There are no general settings as such, but 14,3,3 tends to be a bog standard setting that online historical charts may adopt.
A word of warning though.......I'd advise you to incorporate price action into your strategy and not relay on the stochastic alone to signal entry as you'll end up getting whipped about.
In addition, don't try and optimise the settings. You're better off sticking to one or two settings and learning it's quirks with price action.
Having said that, for me it's the only indicator I've found to be of any use!
Cheers
C
Well the settings come down to what sort of time frame you wish to use, how you wish to use the stochastic (ie crossover, divergence etc) and the no of trades you are trying to generate.
There are no general settings as such, but 14,3,3 tends to be a bog standard setting that online historical charts may adopt.
A word of warning though.......I'd advise you to incorporate price action into your strategy and not relay on the stochastic alone to signal entry as you'll end up getting whipped about.
In addition, don't try and optimise the settings. You're better off sticking to one or two settings and learning it's quirks with price action.
Having said that, for me it's the only indicator I've found to be of any use!
Cheers
C
Hi Neil, hope you're well.
Well the answer is both, depending on how you use them.
If you look at Madasafish's post on this thread, you can use multiple time frames to depict the longer term trend along with the short. I use a similar system, so for trend following I look at direction of the short term within the long for bounces etc. For this I pay no attention to % just direction.
For tops and bottoms, when both lines are at the top or bottom of %range then very likely to determine tops and bottoms for the short term. This can be greatly improved upon with the use of candlesticks (hammers, topping tails, hanging man etc).
Hope this helps
Cheers
Chris
Well the answer is both, depending on how you use them.
If you look at Madasafish's post on this thread, you can use multiple time frames to depict the longer term trend along with the short. I use a similar system, so for trend following I look at direction of the short term within the long for bounces etc. For this I pay no attention to % just direction.
For tops and bottoms, when both lines are at the top or bottom of %range then very likely to determine tops and bottoms for the short term. This can be greatly improved upon with the use of candlesticks (hammers, topping tails, hanging man etc).
Hope this helps
Cheers
Chris
-oo0(GoldTrader)
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Lane's Stochastics
Lane’s Stochastics indicates entry signals based on reactions of professional traders on the close.
_ The correct Lane configuration is to use 5 periods for %K.
_ Plot it with a 3 period exponential moving average of %K for %D
_ Plot it with a 3 period exponential moving average of %D for SlowD
_ Show all three lines over price.
Lane’s Stochastics is a leading indicator best used as an entry signal. Interpretation depends on %D strength compared to Price. Extreme levels reflect professional traders reactions to expected changes in trends.
Originally developed on intraday charts with the above parameters. Works great in all time frames.
Lane’s Stochastics indicates entry signals based on reactions of professional traders on the close.
_ The correct Lane configuration is to use 5 periods for %K.
_ Plot it with a 3 period exponential moving average of %K for %D
_ Plot it with a 3 period exponential moving average of %D for SlowD
_ Show all three lines over price.
Lane’s Stochastics is a leading indicator best used as an entry signal. Interpretation depends on %D strength compared to Price. Extreme levels reflect professional traders reactions to expected changes in trends.
Originally developed on intraday charts with the above parameters. Works great in all time frames.
cd173 said:
