Need TSTW sys..plz help

#2
Hi

What is tstw?
is there website link?
do you have a chart?

I am looking for trendfilter.
if you understand what it means then let me know.
you cant answer as it is not specific.
here it is how to be specific & clear-see below

I am looking for trend filtering-filtering 5 minute trend using 30 minutes trend.

anyways, I think this is what you mean
http://www.stochastic-macd.com/
TSTW means Trading systems that work

100% WINNING RATE GIVEN BY TSTW 24 TRADING SYSTEM
(may be he wanted to give 150% winning rate but seems afraid)

http://www.youtube.com/watch?v=WAOw32dNzlI
The system uses stoch-macd
afl is as follows
StochMACD=100*(MACD()-LLV(MACD(),14))/(HHV(MACD(),14)-LLV(MACD(),14));
Plot(StochMACD,"StochMACD",1,1);

Buy at the end of downtrend and Sell at the end of uptrend---is the principle used.
they use 3 min chart.

good luck
 
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mastermind007

Well-Known Member
#3
Hi

What is tstw?
is there website link?
do you have a chart?

I am looking for trendfilter.
if you understand what it means then let me know.
you cant answer as it is not specific.
here it is how to be specific & clear-see below

I am looking for trend filtering-filtering 5 minute trend using 30 minutes trend.

anyways, I think this is what you mean
http://www.stochastic-macd.com/
TSTW means Trading systems that work

..
Great Man!!! You are like encyclopedia of systems and of ideas ....
 
#4
hi
All traders start as NOMADS. There is no exception.

What I always look is
1)Is this poster looking for something worthwhile?
Even his question can begin a useful thinking in a new dimension or direction.
2)is this guy looking to contribute something or provide stimulus or is he here to discourage other good traders who are willing to do something?

contributing is nice
criticising or putting in negative feelings is exactly opposite.


For expertchartist
here is the code- it really works. test it.


HTML:
//modified code
//use blackbackground
setchartbkcolor(64);
//http://www.wisestocktrader.com/indicators/1635-stoch-macd+rsi-williams+trend-arrows.txt
//1635-stoch-MACD+RSI-williams+trend-arrows
_SECTION_BEGIN("STOCHRSI3");

_SECTION_BEGIN("StochMACD");
StochMACD=100*(MACD(12,20)-LLV(MACD(12,20),14))/(HHV(MACD(12,20),14)-LLV(MACD(12,20),14));
Plot(StochMACD,"StochMACD",colorBrightGreen,styleThick);
Plot(75,"",colorRed,styleLine);
//Plot(50,"",colorYellow,styleDashed);
Plot(25,"",colorRed,styleLine);

_SECTION_BEGIN("Trend arrow");
n= Param("No. of Bars",3,2,8,1);
TrendUp = cross(StochMACD,25);
TrendDn = cross(75, StochMACD);
TrendUp = ExRem(TrendUp,TrendDn);
TrendDn = ExRem(TrendDn,TrendUp);
PlotShapes(TrendUp*shapeUpArrow,colorWhite);
PlotShapes(TrendDn*shapeDownArrow,coloryellow);

//===========================================
//add this to see digital price on chart
_SECTION_BEGIN("Magnified Market Price");
//by Vidyasagar, vkunisetty@yahoo.com//
FS=Param("Font Size",30,11,100,1);
GfxSelectFont("Times New Roman", FS, 700, True );
GfxSetBkMode( colorWhite );
GfxSetTextColor( ParamColor("Color",colorGreen) );
Hor=Param("Horizontal Position",1050,1,1200,1);
Ver=Param("Vertical Position",1,1,830,1);
GfxTextOut(""+C, Hor , Ver );
YC=TimeFrameGetPrice("C",inDaily,-1);
DD=Prec(C-YC,2);
xx=Prec((DD/YC)*100,2);
GfxSelectFont("Times New Roman", 11, 700, True );
GfxSetBkMode( colorWhite );
GfxSetTextColor(ParamColor("Color",colorGreen) );
GfxTextOut(""+DD+" ("+xx+"%)", Hor , Ver+45 );
_SECTION_END();
//=============================================
 
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#5
Hi friends

Regarding the TSTW system
There are things like Double green signal, Tripple green signal etc still un known.
The system depends on stochastics and there seem to be 13 specific stochastic patterns (use stoch(8,3,3))

The signal may depend on
high timeframe harmony with lower timeframe
trendline support or break
stochmacd action

If something more comes on, I will post.
If anybody has hints please share
take a look at videos

http://www.youtube.com/watch?v=zNHMrvl3Eh8&feature=player_embedded
http://www.youtube.com/watch?v=fqrX_QqwHb8&feature=player_embedded#at=104
cheers
ford
 
#6
Hi friends

TSTW deals with price action,trendline,slow stochastics.

The slow stochastics is given priority 3 or LAST PRIORITY.
overbought or oversold simply doesnt mean anything if it is not supported by price and trendline.
most times stochastics oscillate between os & ob just to show conslidation.

price action and trendline-support or resistance is top priority.

ONCE YOU GET THIS KIND OF MATURITY, you can trade well.
1.watch this video
2.make notes of critical points
3.try it on your charts.test it

http://www.youtube.com/watch?v=J14sdSb3CtI

 
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#7
Hi friends

Here is something you need to understand
PLEASE WATCH THE YOUTUBE VIDEO-LINK GIVEN BELOW.

HAVE PATIENCE
UNDERSTAND
DO SOME TESTING-PRACTICE


Guidance rules
1 rule Trade price-trend as first priority
2 rule Trade stochastics indicator as second priority.
3.valid support or valid resistance-you need to check it


Action rules

sell rules
1.break of inclined uptrendline
2. break of valid horizontal support line
3.stochastics at overbought area crossing down from 80

once all three rules are satisfied you get 100% sell signal
FOR BUYING RULES ARE OPPOSITE
BUY rules
1.UPSIDEbreak of inclined DOWNtrendline
2. breakOUT of valid horizontal RESISTANCE line
3.stochastics at overSOLD area crossing UP from 20 OR 30

once all three rules are satisfied you get 100% BUY signal



[/B]
see chart attached.
As long as price is moving along uptrend inclined trendline,you cannot take any sell signals based on stochastics. JUST LEARN TO IGNORE SELL SIGNALS
but you can take oversold stochastics (20 )buy signals when price is at trendline base and begin upmove from base.



What To Do when The Stochastic Is Overbought? (Part 1)

http://www.youtube.com/watch?v=Cb5B7RlwqVE

What To Do when The Stochastic Is Overbought? (Part 2)

http://www.youtube.com/watch?v=bwjyGSGadjk
unless you see the videos at least 5 times you dont really get the basic principles right. take care
 
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#8
hi friends
here is a stochastics based trade chart ,of course first basis is trend of price.
I chose 30min chart.
oN THE CHART FIRST I DREW SUPPORT AND RESISTANCE LINES ON 30MIN CHART.
THEN CHANGED CHART TO 10MIN.trading timeframe.


Trading involves
1 setup 2 signal 3 entry 4 target 5 stoploss-exit



I thought stochastics is going to turn at 840 I placed BUY order.
IT GOT EXECUTED INSTANTLY OF COURSE JUST 10 SHARES.
problem is I could not wait till stochastics began really to turn. my emotion dominates my actions forces me to disobey rule 1
then price fell DOWN to 837.
MARKET TOLD ME- YOU MADE MISTAKE.

ACTUALLY STOCHASTIC CROSS OCCURRED AT 837
tHEN PRICE BEGAN MOVING UP
PRICE FELL TO 836.80
i SAW A NEW TEMPORARY SUPPORT LINE STARTED FORMING AT 836.60 AND BELOW MY 30MIN SUPPORT OF 838 IN AQUA COLOR.
WELL THAT IS HOW MARKET PLAYS.

How to avoid all this confusion?
1 wait till price breaks down trendline and moves up really--
priority1 FOLLOW PRICE-TRENDLINE ACTION
Though I knew this rule but in live trading I bypassed and did something else.
theory versus practice long gap exists
To this type of problem, make lot of practice without money test trades. get maturity.
I was testing.
I reported what happened exactly IN LIVE TRADE.
SO YOU CAN AVOID THE MISTAKE.
2 just wait till stoch crosses above 20 line.

 
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