Extracted Thread (per thread starter's request)

Sorry !

This is the "multi target" we don't have in the indicator.

Good trade !

Nope, what you see there is just good old fashioned naked trading. You don't see a smiley face up in the corner, do you? And no painted boxes or lines? I've always said that SSBO is a naked trading system at heart. If all the coding talk is distracting you from the proper aspect of becoming a proficient naked trader, then by all means stop everything and start again with the 1-week exercise on page #1.

That is what many of these self appointed gurus said.
And then we have the round numbers fantasy...

Price sliced right through 1.60 for an extra 45 pips
Too bad I placed my TP at 1.5988 - abt 50% of the move.

Note to self: listen to the chart, mute the gurus.

Thanks for the smartest system and great support thread

S

`

My box take profit stopped at 1.6... I don't listen to the chart when i follow SSBO.

Ok you're doing manual SSBO with no EA. But you are doing a lock in profit after your first target. Not explained in post 1 even manually...

I am not a guru but i will mute "myself".

Have a nice Week-end.

GBPAUD, after many hours of tweeking these are near perfect for me but I would prefer to have a tighter spread. Anyway, loving the new indi, struggling on a couple of pairs but I have enough (4 or 5) to make plenty of pips. Just need more time at my PC now to take better advantage.

Futres so bright I gotta wear shades.

Looking good, but this is only the starting point. There is still a lot of work just ahead: The idea now is to leave these settings go for the next 15 weeks (on M15) and keep a diary of how they fluctuate. Because even though it looks perfect now, what you really want to see is whether there is a downturn, and if so what the recorded low point ends up being. Don't be at all surprised if your 75 percentile drops to 60-65%. Which will be the more realistic result you will want to base your MM on.

But no matter what, do not touch these settings until the 15 weeks is over. If you keep changing your parameters every time it drops below 74%, then you will never have anything except untrustworthy curve-fit results.

But no matter what, do not touch these settings until the 15 weeks is over. If you keep changing your parameters every time it drops below 74%, then you will never have anything except untrustworthy curve-fit results.[/quote]


15 weeks!!! I am fighting this. My body is tingling with the fear of not being able to do this simple process. I know it is worth while to do so and yet I am afraid of failing or losing my test forward account. FH, I am making the commitment to not change my settings until March 8, 2013. Seems like a long, long time.

Anything I say now is an effort to create a back door to my commitment. Already my mind is creating scenerios, which are really based on my avoidance of losing thought process. The mental bane I work with everyday. It took me a long time to learn how insidiuos this thought process is and how it keeps me trapped when I fall prey to it. I know my weakness, that is an awareness to celebrate.

A moment of honesty, on the chart that I displayed a couple of days ago - I took the trade but I bailed out at a small profit instead of waiting for it to reach or not reach the quick profit. I fought with myself over the decision to do so and my avoidance of loss thought won out. So what I see as my real work is not the changing of my settings but honoring my settings and money managment criteria I have established. I am no longer afraid of the process because I now see the value in it. Its not the settings, its my mind that I need to monitor for 15 weeks. Now that is a real challenge.

Have an amazing weekend

Hi SedonaPipper,


You might want to take the xmas/new year period into your 15 week test scenario. As most traders are aware this time of year (DEC and JAN) are notoriously fickle and have fried many accounts.



FXH system takes advantage of the smart money moves, so I for one want them in the market when I’m trading. As a rough guide after the first two full weeks of Dec I’d be very careful until the fourth week of Jan (around the 21st). I’d hate to see a good test ruined by an avoidable market characteristic.



I’m looking forward to your test results. And seeing if you can last not just 15 weeks but maybe 21



And thanks to FXH for his dedication in explaining this system and maintaining this thread.


Many pips to all, cheers.

Why 15 – 21 weeks of not changing my settings has to be done for me to meet my goals.
Mark Douglas – Trading in the Zone.
I need to learn to adjust my attitudes and beliefs about trading in such a way that I can trade without the slightest bit of fear and at the same time keep a framework in place that does not allow me to become reckless. (Edited to personalize it).
Stairstep 101. Learn to trade without the slightest bit of fear because a framework is in place that does not allow one to become reckless.
There really is no more that I need to say on this journey. As Bilbo Baggins said “leaving your front door is a dangerous thing to do, you never know where the path will lead you” or words close to that effect.

So far you seem to only be focusing on half of the intended 15-week exercise, which is to go without revising your settings once you found your sweet spot for a particular chart. It could even be said that this is the easiest part, and by focusing on it alone you will basically be wasting your time.

No, the real focus of the excercise is your trading diary, and how detailed you care to make it. Because it can only come from hundreds of hours of patiently watching your charts, adding new observations and comments several times a day. Throughout this thread I have stressed the need for a diary. Some guys caught the hint early, and I can tell you that those are the guys that I never have to worry about. Do it right and 6 months from now you won't be reading Douglas's trading notes, you'll be reading your own.

No, the real focus of the excercise is your trading diary, and how detailed you care to make it.

Thank you for the feedback. I have been working on my trading journal and spread sheet since I began with your thread. It is asked of me on page one. I quoted douglas because I was taken by this quote and am understanding it in a new way. One of those aha moments that happens as one delves deeper into knowing oneself in relation to the market.

Many of my posts are rhetorical in nature. I generally only reply to posts or questions that have mass appeal. I use certain posts as a vehicle for making a point, or posting a reminder, etc., to a much wider audience than just that 1 person. This was one of those times. So it's not just "you" SedonaPipper I am reminding, but anyone else in the same basket. Especially anyone that hasn't yet started a diary.

I was playing about with different timeframes and came across the following observation when comparing the 15min to 1hour timeframes:



Very interesting these results. The one hour is using similar settings to the 15 minute (39 bars on the 15min = 9hours 45 mins & 10 bars on the 1 hour = 10 hours).

I was intrigued by my findings as clearly with a bit of effort and study, you can indeed replicate a setting for one timeframe and project it onto another with potentially better results.

Also what is fascinating is the use of auto reduce box size on the 1 hour. I do not use it on the 15 min as for me personally, my results and percentages using my settings are better without it. However, as I tweaked and fiddled with the 1 hour, I enabled auto reduce box size and voila.....similar trade figures, only better!

It looks like a "cleaner", "tighter" view from the 1 hour compared to the 15min (I know there is less noise the higher up you go).

Just thought I'd put this out there really. Fascinating stuff.

Edit
----



Forgot to add my findings for the 4 hour charts that may be of use to those who prefer even higher timeframes. All of the above use 150 days look back.

I'd love to see the EA on the 4 hour chart........some massive potential for extra pips there...just look at the long average! Nice!

Many of my posts are rhetorical in nature. I generally only reply to posts or questions that have mass appeal.


What more can I say - The journal is something I am still working on - do I hand write it so that the kinesthetic aspects of muscle movement work for me or do I type it in a word journal. I have tried both and seem to favor the word journal because its easier. With that I will do a hand written journal. Harder but I think the need for the kinesthetic aspects are more important in my development right now.

Have an amazing week.

Interesting Setup on GU

Anyone else like me in this ...GU adventure?

hi all, I was a new trader, and I've been meaning to read this and mengukutinya trend acc demo with me, now I have started to live acc,
how teachers think about my setup, please take guidance from you all, Greetings all.
thank you

I think that happens when you have the sunday candle before the Toyko open invoved in the box beginning.

It’s strange that you have 2 overlapping CZs all the way up. You’d took 30p short, then 2 CZs formed with the 2nd one breaking out, then again twice.



It’s like CZs are forming when you haven’t even hit TP. You have 6 CZs where you should have 3 of them.

I've just deleted a few of my recent posts guys as I realised that whilst you do need to leave your settings as is for as long as possible, I have done some extensive research into various settings and found mine to be inadequate for the type of trading I'm looking to do which is one trade only CZ's.

I was interested to find out that there are two ways of drastically increasing that trade 1 percentage (tested on GU only using 100 day look back).....and of course various brokers will throw up various results but I have found that:

1) You can go high. By that I mean ramp up your pip range and also your number of bars. Casing point:



2) You can go lower on the number of bars than you think and still keep a high first trade percentage!



I'm keen to learn more about the above through my own reading but I thought I'd post these up here, not as a gimme, but as a thought provoker.

Green pips guys, and many of them!!

Oh and perhaps I vital point here.....NONE OF THE ABOVE INVOLVES MARTINGALING! If you switched it on on my pc and enabled more trades then the settings would reduce drastically because I have tuned them in for the 1 shot trade style and nothing else....