I am a newbie with strategies (though I'm good in programming ), I have a very newbie question regarding the Stochastic indicator.
As you've pointed out above, go short when AC is below zero and Stot is also below zero.
My question is that the Stot value in the chart is always positive and never goes under zero. Do you actually mean that the zero is not the Stot value itself but actually referring to both Stot lines crossing the zero AC line?
I also see an upper limit (80) and a lower limit (20). Can it also mean that "below zero" means the Stot value is below the lower limit line?
I meant to say enter when Stot crosses 0 line of AC.
Hope this makes it clear.
Thanks for the clarification, OzFx. The reason why I asked is that I've downloaded the EA from Forex Factory and find that it doesn't do a short.
When digesting the code, I found out that the author has put something like if Stot<0, go short - thus the no-trade as the Stot value never goes below zero.
fxbs' explanation is much clearer if one's intention is to write the EA.
I am currently re-writing OzFx's EA from scratch with the money management feature as per his original methodology. I am forward-testing it now for bugs. Once it is certified as working, I will post it here.
Looking forward to your EA. I also post daily signal on my blog which I trade manually. Perhaps you can look at them as well for better understanding.
Quick reminder for people having issues with receiving daily signal alerts, please add firstname.lastname@example.org into you contact list. Check you spam folder just in case as well.
Stoch cross ACC zero - ???
should be a different criteria
same picture in backtest:
Fxbs...My friend...I think you forgot to apply the strategy on DAILY chart.
well, shifts a bit less
4EA you have to have rules for AC and Stoh separatelly (as if they in two separate windows)
Not sure about that. There are already some EAs out there that are doing just fine
EA Please or a link to one !!!!
Thanks for your great system.
Is there a link to an EA or do you have one ? Can you post the link or the EA itself ?