CM Stochastic POP Method 1 - Jake Bernstein_V1
A good friend ucsgears recently published a Stochastic Pop Indicator designed by Jake Bernstein with a modified version he found.
I spoke to Jake this morning and asked if he had any updates to his Stochastic POP Trading Method. Attached is a PDF Jake published a while back (Please read for basic rules, which also Includes a New Method). I will release the Additional Method Tomorrow.
Jake asked me to share that he has Updated this Method Recently. Now across all symbols he has found the Stochastic Values of 60 and 30 to be the most profitable. NOTE - This can be Significantly Optimized for certain Symbols/Markets.
Jake Bernstein will be a contributor on TradingView when Backtesting/Strategies are released. Jake is one of the Top Trading System Developers in the world with 45+ years experience and he is going to teach how to create Trading Systems and how to Optimize the correct way.
Below are a few Strategy Results....Soon You Will Be Able To Find Results Like This Yourself on TradingView.com
BackTesting Results Example: EUR-USD Daily Chart Since 01/01/2005
Strategy 1:
Go Long When Stochastic Crosses Above 60. Go Short When Stochastic Crosses Below 30. Exit Long/Short When Stochastic has a Reverse Cross of Entry Value.
Results:
Total Trades = 164
Profit = 50, 126 Pips
Win% = 38.4%
Profit Factor = 1.35
Avg Trade = 306 Pips Profit
***Most Consecutive Wins = 3 ... Most Consecutive Losses = 6
Strategy 2:
Rules - Proprietary Optimization Jake Will Teach. Only Added 1 Additional Exit Rule.
Results:
Total Trades = 164
Profit = 62, 876 Pips!!!
Win% = 38.4%
Profit Factor = 1.44
Avg Trade = 383 Pips Profit
***Most Consecutive Wins = 3 ... Most Consecutive Losses = 6
Strategy 3:
Rules - Proprietary Optimization Jake Will Teach. Only added 1 Additional Exit Rule.
Results:
Winning Percent Increases to 72.6%!!!, Same Amount of Trades.
***Most Consecutive Wins = 21 ...Most Consecutive Losses = 4
Indicator Includes:
-Ability to Color Candles (CheckBox In Inputs Tab)
Green = Long Trade
Blue = No Trade
Red = Short Trade
-Color Coded Stochastic Line based on being Above/Below or In Between Entry Lines.
Link To Jakes PDF with Rules
dl.dropboxuserconten...n Stochastic Pop.pdf
I spoke to Jake this morning and asked if he had any updates to his Stochastic POP Trading Method. Attached is a PDF Jake published a while back (Please read for basic rules, which also Includes a New Method). I will release the Additional Method Tomorrow.
Jake asked me to share that he has Updated this Method Recently. Now across all symbols he has found the Stochastic Values of 60 and 30 to be the most profitable. NOTE - This can be Significantly Optimized for certain Symbols/Markets.
Jake Bernstein will be a contributor on TradingView when Backtesting/Strategies are released. Jake is one of the Top Trading System Developers in the world with 45+ years experience and he is going to teach how to create Trading Systems and how to Optimize the correct way.
Below are a few Strategy Results....Soon You Will Be Able To Find Results Like This Yourself on TradingView.com
BackTesting Results Example: EUR-USD Daily Chart Since 01/01/2005
Strategy 1:
Go Long When Stochastic Crosses Above 60. Go Short When Stochastic Crosses Below 30. Exit Long/Short When Stochastic has a Reverse Cross of Entry Value.
Results:
Total Trades = 164
Profit = 50, 126 Pips
Win% = 38.4%
Profit Factor = 1.35
Avg Trade = 306 Pips Profit
***Most Consecutive Wins = 3 ... Most Consecutive Losses = 6
Strategy 2:
Rules - Proprietary Optimization Jake Will Teach. Only Added 1 Additional Exit Rule.
Results:
Total Trades = 164
Profit = 62, 876 Pips!!!
Win% = 38.4%
Profit Factor = 1.44
Avg Trade = 383 Pips Profit
***Most Consecutive Wins = 3 ... Most Consecutive Losses = 6
Strategy 3:
Rules - Proprietary Optimization Jake Will Teach. Only added 1 Additional Exit Rule.
Results:
Winning Percent Increases to 72.6%!!!, Same Amount of Trades.
***Most Consecutive Wins = 21 ...Most Consecutive Losses = 4
Indicator Includes:
-Ability to Color Candles (CheckBox In Inputs Tab)
Green = Long Trade
Blue = No Trade
Red = Short Trade
-Color Coded Stochastic Line based on being Above/Below or In Between Entry Lines.
Link To Jakes PDF with Rules
dl.dropboxuserconten...n Stochastic Pop.pdf
Coming Soon: www.ChrisMoodyTrading.com
//Created by ChrisMoody on 3-13-2015 //Original Creator is Jake Bernstein from www.Trade-Futures.com study(title="_CM_Stochastic POP Method 1_V1", shorttitle="CM_Stochastic POP Method 1_V1") length = input(14, minval=1, title="Stochastic Length - Default 14") smoothK = input(5, minval=1, title="Smooth K - Default 5") ul = input(60, minval=50, title="Buy Entry/Exit Line") ll = input(30, maxval=50, title="Sell Entry/Exit Line") st = input(false, title="Change Barcolor To Show Long, Short, or No Trades") //Stochastic Calculation k = sma(stoch(close, high, low, length), smoothK) //Upper and Lower Entry Lines uline = ul lline = ll //Bar Color Definitions Long() => st and k >= uline ? 1 : 0 Short() => st and k <= lline ? 1 : 0 NoTrade() => st and (k > lline and k < uline) ? 1 : 0 //Color Definition for Stochastic Line col = k >= uline ? green : k <= lline ? red : blue //Stochastic Plots plot(k, title="Stochastic", style=line, linewidth=4, color=col) p1 = plot(uline, title="Upper Line", style=line, linewidth=4, color=green) p2 = plot(100, title="100 Line", color=white) fill(p1, p2, title="Long Trade Fill Color", color=green, transp=90) p3 = plot(lline, title="Lower Line", style=line, linewidth=4, color=red) p4 = plot(0, title="0 Line", color=white) fill(p1, p3, title="No Trade Fill Color", color=blue, transp=90) fill(p3, p4, title="Short Trade Fill Color", color=red, transp=90) //Bar Color Plots barcolor(Long() ? green : na) barcolor(NoTrade() ? blue : na) barcolor(Short() ? red : na)
