Stochastic Oscillator, the beginning - page 16
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Below you'll find a chart example of the stochastic settings I use. The first chart is the way I use the settings, the second is the same, but with every stochastic split from the rest.
The basic setting is 8-3-3 (i.e. slow stochastic). As mystified points out, settings like 5-3-3 or 14-3-3 (or 13-3-3) have all their own qualities and possibilities. Personally, I'm most comfortable with 8-3-3 and have developped a whole range of strategies with and around it.
I combine the 8-3-3 stochastic with 3 multiples of it, similarly to using a MTF (Multiple Time Frame) version (if you multiply the basic setting by 2, then for a 30m chart, you get more or less exactly the levels of a 1 hour chart).
These various stochastics I then stack all together in one window, and combine them with other indicators, like CCI, MACD, RSI, DeMarker, etc... There's a whole lot of great signals that you can take from these, and I worked out numerous strategies which I'm trading or forward testing at the moment (too many, and too versatile to mention here - I'll just point out that it's not a matter of simply acting on one standard type of oversold-/bought situation, there's many variations of it, depending on the levels of the various different stochastics and other indicators).
One of the things I found is that the best levels to go by should be fibonacci levels. Interestingly, I recently saw another poster on this forum use these on his charts, the only difference being that I also use the 16.18/83.82 level, for maximum oversold/-bought levels.
Explore and enjoy!thanks, that was very helpful
i have a question though, how do you use the slow sto 208,78,78 ?
Hi guys..
i newbie in forex trading, i need your help to build a simple EA for me.
Can someone help me? i really appreciate if someone can help me.
my setting simple EA:-
TF M5
Stochastic (5.3.3)
TP 10PIPS
LOTS 0.1
enter position buy when line stoch cross at level 80
enter positon sell when line stoch cross at level 20
*sorry for my english
thanks.whatever your trading style, you have to have stoploss
many newbies blow their account for not having one
here, i hope this brings some light to your tunnel
MT4 Programming Service
i'm not affiliated ...
OnChart_Stochastic_Channel_(FL_MTF) from Mladen: Fibo Levels; MultiTimeFrame
this is way too cool
One more stochastic
Yet another stochastic oscillator - Stochastic triple
thanks, mladen
you're an absolute treasure to tsd.
regards,
blur
thanks, mladen you're an absolute treasure to tsd.
Agreed 100%
FerruFx
cool, Mladen!
why and what behind this f-la?
(A+2A+3A)/3
2. that's it - i'm going kvadriple on everything (like macd, etc etc)
It is simple
It is simple : which one looks more "readable"?
Funny how some systems can be reduced to one line
Hope this helped
regards
mladen
cool, Mladen!
why and what behind this f-la?
(A+2A+3A)/3
2. that's it - i'm going kvadriple on everything (like macd, etc etc)sweet thing
pict: sto 5,3,3 and stotriple 5,3 + Ma10
that's what i mean: what is this formula?, and how come it works so good
sorry i was just kidding about kvadriple and screwing lines