ChrisMoody

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
https://dl.dropboxusercontent.com/u/77187122/TradingView%20Posts/JakeBernstein%20Stochastic%20Pop.pdf
Remove from Favorite Scripts Add to Favorite Scripts
//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)
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.
Reply
Dear sir,
Can you give the download link for indicator.
Please
Reply
KannaDasan KannaDasan
@KannaDasan,

Please
+1 Reply
enielsen PRO KannaDasan
@KannaDasan,

DId anyone manage to get the rules ? The link won't open. Please PM me with link if anyone has them. Thank you.
Reply
Like this indicator, downloaded rules from scribe d , How do i get info on method 3 to increase winning percent to greater than 72%
+1 Reply
hello , i cannot open rules link, its giving Error.
Reply
You guys rock. I have just started using some of your indicators and trying to do trades using them. They are extremely useful and a good learning experience for me. Thanks for all your contributions.
Reply
Hey Guys...Let's take any discussion regarding the Trading System to this thread.

2 Stochastic POP Trading Systems From Jake Bernstein


2 Stochastic POP Trading Systems From Jake Bernstein
Reply
Hi, When will we be able see the strategy 3?
Reply
BIG thank you - Chris!!
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Support Priority Support Report Issue Ideas Published Followers Following Private Messages Chat Sign Out