Weighted Escalator - a weighted stoch system
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Thread: Weighted Escalator - a weighted stoch system

  1. #1
    UPDATED Having an actual Indior

    I've come up with a slightly modified interpretation of This'Escalator into Pips' Strategy.

    My Template and original indior are slightly modified versions of the template / indiors https://www.forexsoutheast.asia/fore...iscussion.html

    The new indior is a small graph with a the current score.

    I call it the'Weighted Escalator'

    inside this template, you will find a total of 8 bars. The first 4 are the M15, M30, H1 and H4 stoch's with a 5,3,3 setting. The second group of 4 will be M15, M30, H1 and H4 stoch's with a 14,3,3 setting.

    I read this chart by giving the H4 chart the most weight in my calculations (because it's the trend) than the H1 that's still weighted more than the M30, then the M15. You add and subtract the scores of each chart to have a total for this bar. You buy when the pub total goes over 3. When it goes below -3, you market.

    The grading is done like this:

    M15 charts:
    SpringGreen = 1
    LimeGreen = 0
    FireBrick = 0
    IndianRed = -1

    M30 Charts:
    SpringGreen = 2
    LimeGreem = 0
    FireBrick = 0
    IndianRed = -2

    H1 Charts:
    SpringGreen = 2
    LimeGreen = 1
    FireBrick = -1
    IndianRed = -2

    H4 Charts:
    SpringGreen = 4
    LimeGreen = 2
    FireBrick = -2
    IndianRed = -4


    Total up the score for each bar. The score can be graphed much like a moving average, but I just use my fingers to find out what the score is. I really do plot the scores on a graph paper for analysis.

    WHEN TO BUY:
    Buy when the grading goes from a negative amount, past the zero, then strikes the 3 or longer. Example, the score goes -8, -5, -9, -1, 0, 1, 2, -1, 0, 2, 3 [BUY]

    WHEN TO SHORT:
    Buy when the scoring goes from a positive amount, past the zero, then strikes the -3 or less. Example, the score goes 13, 4, 5, 12, 5, 6, 0, -2, -1, -2, 1, 2, -5 [SHORT]

    WHEN TO CLOSE
    ===============
    Upon Buying or Selling, I open 4 positions (lot size of your choice) with a stop loss if you want. I close each in the following:

    1st. Take profit at 10 pips
    2nd. Trailing Stop of 15 pips
    3rd. That is my'other' lot. Close when you enjoy, I close after the 1st and 2nd have shut and it hit's or crosses the 3 moving the'wrong' way (I recently decided that is is my favorite out)
    4th. Close as soon as the score hit's or moves 0
    ================

    So far, I have completed this charting on a few past months and it is proven profitable for me. Looking at the chart below, you read the symbols like so:
    a favorable number is the amount that is not full of, a negative number is the one that's full of. Additionally the reds are adverse.


    I have attached my modified template and indior.
    https://www.forexsoutheast.asia/atta...6291675948.mq4
    https://www.forexsoutheast.asia/atta...4349597155.tpl


    https://www.forexsoutheast.asia/atta...1464571590.mq4

    https://www.forexsoutheast.asia/atta...2090205832.mq4

  2. #2
    I've always liked banzai's stoch indi, however this is a very interesting approach to utilize it.

  3. #3
    Agreed. Repainting is a issue with stochs. However, the timescale allows for much'give' from the system. You're also correct that it's rather tedious to do that by hand

  4. #4
    Frosty,

    Nice to see that you are testing the Spudfyre MTF (in your own variation).

    You appear to be having great outcomes.

    I demonion traded Spudfyre MTF for a month or two some time ago and it had been working great for a little while, but for some reason I have where I couldn't make profits anymore.

    I still think it's a great idea; wait until there's a longer term trend based, then enter when the lower, and following lower timeframe indiors are headed in the the same direction.

    Theoretically, you must always have the highest likelihood of a winning transaction that way. However, to me personally it stands out for some reason.

    If you might find an indior that makes it much easier for you to compute your entries and exits to your system here you may have an extremely profitable system.

    Please keep us posted.

    PD

  5. #5
    Quote Originally Posted by ;
    Frosty,

    Nice to see that you're analyzing the Spudfyre MTF (on your own variant ).

    You appear to be having great outcomes.

    I demo traded Spudfyre MTF for a month or two a while ago and it was working great for a while, but then for some reason I have where I couldn't make profits anymore.

    I think it's a great concept; wait till there's a longer term trend established, then input when the lower, and following lower timeframe indiors are headed in the the same direction.

    Theoretically, you should always have the highest probability of a winning trade that way. However, to me personally it fizzled out for some reason.

    If you could get an indior which makes it much easier for you to calculate your entries and exits to your system here you might have an extremely profitable system.

    Please keep us posted.

    PD
    Do you believe it would help the MTF stoch method if you were able to differentiate if price is ranging . trending? Which appears to be the toughest part for me.

  6. #6
    That is kind of what I expect to have accomplished with the weighted system. After the score is in the negative, the trend is down. After the score is in the positive, the trend is upward. All of the other hills and valleys are ranging patterns. It could still require some tinkering with the weights, but it appears to work well so far. If you draw a line on the chart from the time that the score entered negative territory and retained online going down until the score hit 0, then you'd observe that it follows the trend. The same goes for positive scores.

    The slopes and mountains (the range) matter less for the system as we are primarily concerned with the score (trend) being positive or negative.

    EDIT- If you wished to find the much longer trend (such as the daily trend, weekly, monthly, so forth) you'd add them into the mix and give them a more appropriate weight.

  7. #7
    I upgraded using a modified variant of this indior and also a template for ease of use. This makes finding the score a LOT easier for me personally. I am still not advanced enough to have this post the score or a chart. That will take more work

  8. #8
    I have submitted a much better perspective of the chart and how to use it. I have also nailed down my'other' lot. I have discovered that for me, closing the lot following the score strikes or crosses 3 at the'wrong' direction (ie, headed toward the 0) works out nicely. In the chart posted, there's a 97 pip gain. Examine the template and indior, take your chart offline for a few minutes and randomly scroll to a stage in the history (or examine live charts) and see if it doesn't work for you.

  9. #9
    I've always liked Spud's work. Nice to find a edition that is different.

    Thanks

  10. #10
    Interesting function. So in the pic, the most recent pub has a score of 13? I believe I am confused on how you're scoring, since the color examples you give in article #1 don't match up with the colours I am watching here, so I believe I am doing it wrong.

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