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Quoting bot4us
and every time I see an opportunity based on the Expert Advisor CZ zones the trade ends up going in the wrong direction and typically the ones that move in the correct direction I miss.
Not to sound sarcastic, but if you keep noticing your trades ending up in wrong direction systematically, maybe you can start to trade the other way round.

Which, I think you will actually not do, because you do not have the statistical backing of "always end up", which is most likely going to be a sampling of 10 trades you have done yourself?

My honest opinion? Keep your head down, grind out more trades (like what FH said, 100 CZ) and then come back again instead of whinning about how the trades are going against you "most of the time".

Again, not trying to troll you or flame you, but I do believe all traders will benefit if they stick to a proper trading system (as proven by so many users here) and see it through for about 1Q or 1HY at least.

Cheers
Quoting nickp89
From your picture it looks like your TP was already hit, once your TP is hit the indy will start looking for new zones and won't give any signals on the old zone which had already hit TP. Once TP has been hit its up to you to decide how to trade the subsequent BO's from that zone
right. I understand.

thanks
Catching the G/U wave. It took all week, but there she goes...
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Quoting Powell86
My honest opinion? Keep your head down, grind out more trades (like what FH said, 100 CZ) and then come back again instead of whinning about how the trades are going against you "most of the time".

Again, not trying to troll you or flame you, but I do believe all traders will benefit if they stick to a proper trading system (as proven by so many users here) and see it through for about 1Q or 1HY at least.

Cheers

I was merely venting my frustration at not being able to monitor all possible CZ's and that was the reason I was looking forward to the auto EA when it becomes available.

I agree, that we should stick to a "proper trading system" once we find a system within our own comfort zone, and this system seems to fit
my trading needs with its powerful simplicity. As you have mentioned the more and more CZ's that I trade then hopefully the confidence will grow with it.

Thanks and have a good weekend all.
I started the week off with a commitment to not change my settings. I was doing well until I read FH’s post on risking more than I was gaining on a trade. Now I had taken that into account on my daily trade set-ups what changed for me was what would happen when I left my mini account and began trading in my full lot account. I realized while walking on the beach that I would not be able to emotionally handle the large drawdowns that would happen when price went against me. My fear of loss would make me so tense and anxious that I would be a bear to live with until the trade set worked itself out. And this emotional state could last for days. I am not ready for that experience yet.

So I went back to the drawing board with a new awareness. Once again I tackled my basic problem – how to trade within the framework of my lifestyle or change my lifestyle. Not wanting to change my lifestyle but instead wanting to enhance it I put the metatrader app on my phone. First joy was seeing that the indicator is not available on the phone so I have to see set-ups based on hand drawn box’s. Loved it. The work on hand drawn cz’s showed up in a way I wasn’t expecting it to. This doesn’t mean all my trading will be on my phone just that I now have a mobile way of monitoring, entering and exiting trades when I am not in my office.

I then reevaluated time frames – and settled on the 4 hour time frame because it fits into my lifestyle.

I am quite pleased with the results. The Stop Losses are emotionally acceptable at full lots, (doesn’t mean I am happy with them just that I can live through the emotional aspects of the potential drawdowns). I get enough setups in a week to have an opportunity to grow my account significantly; my trade sets are no more than 3 and individual trades are above 50%. My money management is to plan on 4 trades per set risking no more than 3% of my account per trade set. To give myself time on trades so I can plan for them, min bars outside the CZ are 2. This gives me 8 hours to plan for a trade during the day or sleep. I know that once in awhile I am going to have to wake-up at an ungodly hour. I can live with that.

From this point I will not change my settings (yeah we’ve heard that before) and learn the next lesson, how to identify the very best CZ’s.

This is going to be the fun part.

After a couple of trades, I now am beginning to understand FH's byline - its so easy its hard. What's hard for me is letting the trades be and not thinking about them. Even on a NFP day.
Have an amazing day
Quoting SedonaPipper

I then reevaluated time frames – and settled on the 4 hour time frame because it fits into my lifestyle.

This gives me 8 hours to plan for a trade during the day or sleep. I know that once in awhile I am going to have to wake-up at an ungodly hour. I can live with that.
Sedona --

If you live in the Sedona/Oak Creek Cyn area, lucky you! Great spot. The Red Rocks would be among my most favored scenery on earth.

Anyway, you really got me to thinking about my situation. Trading on the H4. Actually, that is my normal tf, but I did not see it as necessarily applicable to SSBO. Obviously, M15 is greatly preferred by most SSBO traders, and it clearly works.

However, the GU drop overnight (US WEST), which everyone was waiting for, including me, was totally missed since I am hand drawing CZ's, as I should now, and running no EA. The entry and exit look great on FXH's image, but I saw it way too late with a PST sleep cycle.

Soooo, I am really thinking at your H4 trading today. Thanks for the inspiration, and every success as you go forward with H4.

Forest
Quoting Forest-Sea
Sedona --

If you live in the Sedona/Oak Creek Cyn area, lucky you! Great spot. The Red Rocks would be among my most favored scenery on earth.

Anyway, you really got me to thinking about my situation. Trading on the H4. Actually, that is my normal tf, but I did not see it as necessarily applicable to SSBO. Obviously, M15 is greatly preferred by most SSBO traders, and it clearly works.

However, the GU drop overnight (US WEST), which everyone was waiting for, including me, was totally missed since I am hand drawing CZ's, as I should now,...
I used to live in Sedona and still have a property there. Some of my favorite memories are snowy days and thunderheads above the red rocks. I now live on the beach in San Diego. So walking on the beach is part of my lifestyle. Walk on the beach or sit in front of a computer - tough choice but I am choosing the beach with a cell phone and an app on it. I was talking with a trader friend of mine this morning at brunch and we came to the conclusion; there is more than one way to trade. I got to enjoy the GU trade that I entered yesterday. Even in the face of NFP. I can't ask much more than to not have fear entering a trade the day before NFP.

I am looking forward to learning the best cz's with my 4H settings. 4H now I am part of an agricultural community. I wonder where my goats are!
Have an amazing day
Quoting keiichi2
Anyone know why there was no down signal in the chart I posted?
Also have had a few issues with alerts lately.
Anyone experiencing these issues?

Attachment 1094962
Hi there keiichi,

Looking at the pic you have posted there seems to be a winning trade made already on that CZ, it's difficult to confirm this as the trade (on the far left of the pic) is somewhat obscured by the stats box. The system dictates that once a winning trade is made on a CZ then no further trades will be made until the next CZ forms. I hope this answers your question.

Regards

HXT
As we all spend time deciding what settings we want to use I thought I would throw something out. Are you trying for maximum pips or highest winning percentage? There are advantages to either one. I have shown examples of both. One gives far fewer pips but the win rate is 10% higher. However you might feel more comfortable using more lots when it does trade. The other one earns about 3 times as many pips, but the drawdown is likely to be much higher with a lower win rate. (PS--I made these PICs on the weekend so the spread shows much higher than it would be)

Thoughts?
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I go for the highest winning percentage because I get a higher take profit goal and I can always re-trade a CZ as your higher percentage chart shows. It may have 2 less trades but clearly one would be able to easily re-trade one of the cz's based on the principals taught in this thread. - This way I am in a higher probability trade with more options as the market unfolds. My two cents worth.
Have an amazing day
Quoting Dewey McG
As we all spend time deciding what settings we want to use I thought I would throw something out. Are you trying for maximum pips or highest winning percentage? There are advantages to either one. I have shown examples of both. One gives far fewer pips but the win rate is 10% higher. However you might feel more comfortable using more lots when it does trade. The other one earns about 3 times as many pips, but the drawdown is likely to be much higher with a lower win rate. (PS--I made these PICs on the weekend so the spread shows much higher than...
Hi. A few pages back I outlined my approach. I seed an account and trade it safely, in this case, Highest % win, little lower pips. When my seed capital has grown 100 % I withdraw it and return to bank and now my personal funds or "bank account" are safe and I can trade with no risk to initial capital. With SSBO I now would establish a second account and repeat the above until I can return my seed capital to bank or elsewhere. You could run the seed up in the first account for even lower risk. Now I will look at maximising using Martingale on this second account. Let the first run safe and second for max gain. If you lose the lot in the second account it does not matter a damn because none of your personal funds were left in the account. On the other hand, SSBO shows a very high liklihood of winning with Martingale and in that account I would go for maximum pips.

This might scare some but remember, you have withdrawn your own capital so your savings or initial capital are safely back in your bank.
This week is off to a nice start already...
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Dear ALL

I am interested in this system but I want to use this system in Gold. However, I don't know the optimize setting for Gold trading.
If anyone has experience, please share the profitable setting.

Thx you so much
Quoting forexhard
OK Everyone, just in time for the holidays, the moment you have all been waiting for: Xux99 has just about completed work on the new Indi and EA, and I am looking for some SSBO experts to help with the final run of tests before they are released to the general public.


EDIT: The deadline for contacting me is December 16th, or 2 weeks from today. After that I'll go with who ever has volunteered.
Forexhard,
I am a new member here but I have extensive programming skills. I would be keen to give your new Indie and EA a thorough testing.
I would be keen to compare and test it against an EA that I have built using the specs I have seen in the Indi and methods used here in this thread.
I know that I left it to close to the deadline date of December 16 but I have been having fun with my version of the EA
Quoting bot4us
I was merely venting my frustration at not being able to monitor all possible CZ's and that was the reason I was looking forward to the auto EA when it becomes available.

I agree, that we should stick to a "proper trading system" once we find a system within our own comfort zone, and this system seems to fit
my trading needs with its powerful simplicity. As you have mentioned the more and more CZ's that I trade then hopefully the confidence will grow with it.

Thanks and have a good weekend all.
Hi bot4us,
I have built an EA incorporating the specs I have seen in the Indi and methods used here in this thread.
In the spirit of this thread I will send you (and anyone else who wants it) a free copy if you want it. It backtests well using certain parameters.
I have already built it and am using it successfully so if you want a copy (and some backtesting results for various parameters), then email me at johnbridgefx@gmail.com

This thread has been very generous to my understanding so I am giving back to the thread the benefit of my particular expertise. There is NO cost at all involved. Just email me and I will shoot it back to you
  • Filp
    Joined Dec 2012
Good Morning everyone, I wonder if there's still room for one more here. I have been reading almost all posts published earlier for me to learn how the program works expert.
I hope to discover something that brings added value to the forum.

Wed like to know which version should I do dowload and markets in which it works best because I tested that found on the first page and found that the G / U works but the AUD / USD works in reverse.
Parabens knowledge sharing, something that does not happen in Portugal since most seem to forums home guard who knows the secrets to themselves.

sorry but only with the English is that the translator can communicate
EURTRY
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TRADE FOR SWAP
A weekend of birthday drinking and strangely i get the hangover now!...

A welcome rest bite then that both trades hit TP today. I'm off to sulk and whinge like a little pathetic puppy.....green pips to all!

Attachment 1096818

Attachment 1096819
Quoting A.w.o.l
A weekend of birthday drinking and strangely i get the hangover now!...

A welcome rest bite then that both trades hit TP today. I'm off to sulk and whinge like a little pathetic puppy.....green pips to all!

Attachment 1096818

Attachment 1096819
Good pips!
I been trading this for some time now and it works if you let it. Good start to the week.
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