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

[@algotradepro]

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

[@constantinmanea8248]

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]

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

[@CerberusFX]

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

[@algotradepro]

@@CerberusFX Thank you!

[@Dr3amwave]

Bravo, great informational video!

[@algotradepro]

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

[@moezshabirali7265]

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]

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

[@marekdabrowski5799]

Love your work

[@algotradepro]

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

[@marekdabrowski5799]

@@algotradepro the least I can do.

[@ShaggyOwolves]

Great work buddy

[@algotradepro]

Thank you so much for the kind words!

[@davidmira6224]

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

[@algotradepro]

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

[@tsallyt]

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

[@algotradepro]

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

[@sumaiyanawshard7896]

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

[@algotradepro]

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

[@TheHabibalby]

It's similar to SMI Ergodic Oscillator

[@algotradepro]

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

[@patrickduggan7687]

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]

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.

[@tharindasampath8227]

Great ❤

[@algotradepro]

Thanks for the positive feedback!

[@mishelrodrigo2974]

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

[@algotradepro]

That's awesome! Congratulations on completing the challenge!

[@huanak4052]

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]

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

[@songtarot2402]

😅😅

[@algotradepro]

👍

[@MJLeeee]

naive copy of NNFX channel lol

[@algotradepro]

I appreciate your feedback! Every creator has their own perspective, and I’m always looking to improve and bring something unique to the table.