Yesterday Jake Bernstein authorized me to post his updated results with the Stochastic Pop Trading System he developed many years ago.
You can take a look at the Original System with Updated Settings at tradingview.com/v/ubxXu7fY/ This indicator is a different set of rules Jake mentioned in the PDF he allowed me to post.
Today we’re releasing the version described in the PDF that uses the StochK values of 55, 50, and 45. The rules are discussed in the PDF but here is a simple breakdown:
Enter Long when StochK is below 50 and Crosses Above 55
Exit Long on Cross Below 55
Enter Short when StochK is Above 50 and crosses Below 45
Exit Short on Cross Above 45
Two Important Items to understand about this method:
To code the rules Precisely we need a function that will be available when Strategy Capabilities are released on TradingView.
There is one of Jakes Profit Maximizing Strategies that needs to be integrated with this code…which again we need the Strategy based Function that will be coming soon.
To Compare this system to the Stochastic Pop Method 1 System shown yesterday at tradingview.com/v/ubxXu7fY/ I used the same Symbol and dates for you to compare…but remember to give this Method 2 System a Fair Look/Evaluation…we need the Soon To Be Released…TradingView Strategy Capabilities.
BackTesting Results Example: EUR-USD Daily Chart Since 01/01/2005
Strategy 1 – Stochastic Pop Method 2 System: Go Long When Stochasticis below 50 and Crosses Above 55. Go Short When Stochastic is above 50 and Crosses Below 45. Exit Long/Short When Stochastic has a Reverse Cross of Entry Value.
-Ability to Color Candles (CheckBox In Inputs Tab) Green = Long Trade Blue = No Trade Red = Short Trade
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 TradingView.com’s community how to create Trading Systems and how to Optimize the correct way.
HI Chris, great indicatator as ussual:)
Could you please recomend another indicator which wil be with this one?
Thanks in advance
DaFlyingDuchman
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@sibirak, hi I recommend you to use the BBWP - Bollinger Band Width Percentile with this one.
Eugene-Tooms
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Beginner question...but how do you implement a script to automate with a pair of your choice. Are these indicators just for reference?
mrxdaviepoo
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Hi Chris,
I was wondering what the parameters were for the stochastic pop method 1 & 2. Also i am wondering if i can get a copy of the pdf that you had previously posted. Thank you in advance and thank you for everything that you do!!
thomas.gigure
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Came up with a really good strategy. Use a 90 day moving average as your trend (price is above, only go long, vice versa). Buy when you get the stochastic pop (stochastic %K crosses above 55). Use the super super trend indicator here on tradingview (can't remember who coded it) as your stop loss. When price crosses below the super super trend line, close your position. Works really really well. You can also screen for stocks on stockfetcher.com with this criteria. Let me know if anybody needs help with this method.
krunalbarot
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@Thomas.gigure, can u please share a chart to understand this a bit more clearly ?
thanks
thomas.gigure
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@krunalbarot, I changed it up a tiny bit. You use stochastics (70,3,3) as the trend instead of the 90 day moving average. Above 50 bullish, below 50 bearish. I'll post a chart in one sec
Could you please recomend another indicator which wil be with this one?
Thanks in advance