If you have read my previous postings regarding MTF Stochastics, you are probably aware of the 80/20 lines on a stochastic chart. These lines are much more than simple low and high indicators. What is really interesting about Stochastics, is when they reach the extremes, the 10% to 0% and 90%-100% areas.
My current work is modifying the Stochastics indicator and formula to develop an integrated time chart formula based on the basic Stochastic factors. In that development were some simple gems found to hopefully add to your pips.
I originally used the stochastic formula in a program to make my trades, but using the Stochastic 14,1,1 Simple settings on the STochastic indicator will also work.
As always I trade this using the close of the candle. I do this to simplify the trade process. As you have probably experienced many systems have very "fuzzy" entry and exit points which makes the trade very difficult to execute consistently. My hope in this and upcoming entries will be to provide on/off switches for the trades. This can lead to less gains, but certainly will lead to less losses.
My current work is modifying the Stochastics indicator and formula to develop an integrated time chart formula based on the basic Stochastic factors. In that development were some simple gems found to hopefully add to your pips.
I originally used the stochastic formula in a program to make my trades, but using the Stochastic 14,1,1 Simple settings on the STochastic indicator will also work.
As always I trade this using the close of the candle. I do this to simplify the trade process. As you have probably experienced many systems have very "fuzzy" entry and exit points which makes the trade very difficult to execute consistently. My hope in this and upcoming entries will be to provide on/off switches for the trades. This can lead to less gains, but certainly will lead to less losses.