STOP using the Stochastic! Try THIS Indicator Instead (2024)

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  • Опубликовано: 4 окт 2024

Комментарии • 32

  • @algotradepro
    @algotradepro  5 месяцев назад

    📊Check The Indicator’s Ranking Sheet: docs.google.com/spreadsheets/d/1WcvrG8KLyYqXXveyEIlfYljtOLg7WySOwrv_lVya5hE/edit?usp=sharing

  • @constantinmanea8248
    @constantinmanea8248 5 месяцев назад +5

    i stopped the video after I found the name of the indicator, checked the code and this one uses something that I thought that I was the first and only one with this idea... well nope and this implementation is quite interesting. This one has potential. And now I will continue to watch your video :)

    • @algotradepro
      @algotradepro  5 месяцев назад

      The indicator world is full of surprises, isn't it? Glad you found this implementation intriguing!

    • @CerberusFX
      @CerberusFX 5 месяцев назад +1

      Really good, thanks. I have some interesting indicators, too.

    • @algotradepro
      @algotradepro  5 месяцев назад

      @@CerberusFX Thank you!

  • @sumaiyanawshard7896
    @sumaiyanawshard7896 5 месяцев назад +1

    I'm scalping using Bollinger bands, stochastics, and RSI in my The5ers prop challenge.

    • @algotradepro
      @algotradepro  5 месяцев назад

      Cool strategy, man! Good luck with your scalping in the prop challenge.

  • @tsallyt
    @tsallyt 5 месяцев назад +1

    In order to trade in my The5ers prop challenge, I'm applying the master pattern indicator.

    • @algotradepro
      @algotradepro  5 месяцев назад

      That's a great strategy! Best of luck with your trading!

  • @Dr3amwave
    @Dr3amwave 5 месяцев назад +1

    Bravo, great informational video!

    • @algotradepro
      @algotradepro  5 месяцев назад

      Thanks a ton for the support, glad you liked it!

  • @mishelrodrigo2974
    @mishelrodrigo2974 5 месяцев назад +1

    I completed the The5ers prop challenge using MACD and S&R.

    • @algotradepro
      @algotradepro  5 месяцев назад

      That's awesome! Congratulations on completing the challenge!

  • @patrickduggan7687
    @patrickduggan7687 5 месяцев назад +1

    I’m confused. If it’s approximately a 52% win rate then how did you get such high profitability with a 1 to 1 Risk to Reward Ratio?

    • @algotradepro
      @algotradepro  5 месяцев назад

      Hello and thank you for your question.
      The confusion might stem from the fact that our profitability isn't solely determined by the win rate and risk-to-reward ratio. While our theoretical risk-to-reward ratio may be 1:1, in practice, our actual results can vary due to factors such as our exit criteria.
      Our exit criteria can impact our average loss, meaning that it might not always be exactly 1%. Additionally, it's important to consider that our results are based on thousands of trades, which helps to smooth out individual variations and provide a clearer picture of overall profitability.
      If you have any further questions or need clarification, please feel free to ask.

  • @ShaggyOwolves
    @ShaggyOwolves 5 месяцев назад +1

    Great work buddy

    • @algotradepro
      @algotradepro  5 месяцев назад

      Thank you so much for the kind words!

  • @TheHabibalby
    @TheHabibalby 5 месяцев назад +1

    It's similar to SMI Ergodic Oscillator

    • @algotradepro
      @algotradepro  5 месяцев назад +1

      That's great to hear! It's always interesting to find similarities between different tools and indicators.

  • @davidmira6224
    @davidmira6224 5 месяцев назад +1

    Good. But i can't find this indicator...download link please. Thank you

    • @algotradepro
      @algotradepro  5 месяцев назад

      Hey there! Here you have it: www.tradingview.com/script/iiszAM79-Doda-Stochastic/

  • @marekdabrowski5799
    @marekdabrowski5799 5 месяцев назад +1

    Love your work

    • @algotradepro
      @algotradepro  5 месяцев назад +1

      Your support means the world to me, thank you for watching!

    • @marekdabrowski5799
      @marekdabrowski5799 5 месяцев назад +1

      @@algotradepro the least I can do.

  • @moezshabirali7265
    @moezshabirali7265 5 месяцев назад +1

    You mentioned it can be further tweaked with volumes, will that be available in your bot and the settings for it? To. Minimise drawdown?

    • @algotradepro
      @algotradepro  5 месяцев назад

      Yup, we're on it! Adding volume tweaks to the bot settings to cut down on drawdown. Stay tuned!

  • @huanak4052
    @huanak4052 5 месяцев назад +1

    this one is bad, the signal for peak and bottom come too late. if you want more accurate then change the input value to change to 3 10 3

    • @algotradepro
      @algotradepro  5 месяцев назад

      Hey, thanks for the tip! I'll tweak the input values and see if we can get those signals on time.

  • @tharindasampath8227
    @tharindasampath8227 5 месяцев назад +1

    Great ❤

    • @algotradepro
      @algotradepro  5 месяцев назад

      Thanks for the positive feedback!

  • @songtarot2402
    @songtarot2402 5 месяцев назад +1

    😅😅