I have a question concerning the original Daz strategy. One of his entry rules states that:
"At the precise entry point ... on the Stochastic Oscillator window, the fast stoch (blue line) has already crossed or is crossing the slow stoch (red dotted line) and hooking up/down ..."
For those that have traded with this approach, and maybe discussed the issue, does this mean that the Stoch cross and hook:
1. Must have occurred at the close of the Confirmation Bar, and must also be evident at the moment of entry, which would be near the 5ma, which could be some way from the Confirmation Bar close.
2. Needn't have occurred at the close of the Confirmation candle but must be evident at the moment of entry, near the 5ma, which could be some way from the Confirmation Bar close.
If the answer is (1) then the Stoch cross would show up after the trade was over, and also in backtests; but if the answer is (2), then the Stoch could 'uncross' again prior to the entry bar closing.
I'm posting this in both 'Daz' threads ...
"At the precise entry point ... on the Stochastic Oscillator window, the fast stoch (blue line) has already crossed or is crossing the slow stoch (red dotted line) and hooking up/down ..."
For those that have traded with this approach, and maybe discussed the issue, does this mean that the Stoch cross and hook:
1. Must have occurred at the close of the Confirmation Bar, and must also be evident at the moment of entry, which would be near the 5ma, which could be some way from the Confirmation Bar close.
2. Needn't have occurred at the close of the Confirmation candle but must be evident at the moment of entry, near the 5ma, which could be some way from the Confirmation Bar close.
If the answer is (1) then the Stoch cross would show up after the trade was over, and also in backtests; but if the answer is (2), then the Stoch could 'uncross' again prior to the entry bar closing.
I'm posting this in both 'Daz' threads ...
All flesh is as grass