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EURJPY M15 system 80%+

  • #201
  • Feb 2, 2018 7:16pm Feb 2, 2018 7:16pm
Quoting Arturke
Very supporting this strategy. For me like as an example it coming back not like life (trading) rules but more like guidances to imagine where the target is, because most of the time price are moving where ever want, what ever want. Had open positions {image} Couple more {image} {image}
Nice, as you said it’s a quick, visual guide to set TP, SL parameters. Anyways this can be done and is not hard to do from any MT4 wether mobile or PC,
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  • #202
  • Feb 2, 2018 7:22pm Feb 2, 2018 7:22pm
Quoting yalgaar
{quote} Thanks for your message. You obviously followed some rule when concluding the winners to be 81% and what you used in the .pdf. That all that that I and some other members were interested to know. I would really appreciate if you could clarify some of the questions I asked in post before on Point # 3.
Oh, I did the back test using the same settings for the indicator as the one I shared in Post 1 that’s why it’s important you use the same template, also the price feed was on Tradersway broker (feed may vary from broker to broker) and I “took” each trade based on breakout of the box no matter what this box looked like, (even if it was less than 15 pips and more than 45 pips). Tp to Sl relationship of 1:1.
thats how I got those results over that specific period.
so
1. Use same settings as in template in post 1
2. Buy/sell all the breakouts(closing of CS out of zone)
3. Tp and Sl ratio of 1:1
4. Tradersway price feed
5. Dates from May12/2017 to Jan 12/2018
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  • #203
  • Feb 3, 2018 4:59am Feb 3, 2018 4:59am
hi guys very interesting i do trade almost the same but you guys are you taking the trade only with the trend that what i do more secure thanks anywhere
  • #204
  • Feb 3, 2018 8:05am Feb 3, 2018 8:05am
Quoting ellenbrook
hi guys very interesting i do trade almost the same but you guys are you taking the trade only with the trend that what i do more secure thanks anywhere
Thank you. Appreciate your reply.
  • #205
  • Feb 3, 2018 8:08am Feb 3, 2018 8:08am
Quoting lemercenaire
{quote} 1) The indicator is not working as expected. It is not drawing the BO zone to latest extreme all the time. Its inconsistent. If I remember correctly a lot of the early versions of this indi were buggy like this, one I had certainly was - one way to kick start it is to jump to a different tf and then back again and it resets itself properly.
I tried your suggestions but something still seems to be off. I am on the version and template that I believe is the latest from the Post # 1.
Here is the screenshot. I have set the parameter to use "Latest extreme" You will see it is not setting latest extreme for Jan 15. It is setting it properly for Jan 16 in the following screenshot.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 38 KB
  • #206
  • Feb 3, 2018 8:10am Feb 3, 2018 8:10am
The trade on Jan 15 will be a loser trade based on the current BO zone. But if the BO zone was correctly set i.e. "45 pips max to latest extreme" then this would be a winner trade.
  • #207
  • Feb 3, 2018 9:34am Feb 3, 2018 9:34am
FXMD

Seems like the indicator is designed to work this way. It is not drawing the BO zone like how we (atleast I) expect. It does not seem like its setting the zone to Latest extreme. I also saw your report. Even in there it is not setting it to latest extreme. Any idea how the indicator sets the zone? Look at the Jan 15 and Jan 16 zone that it has set to get an idea.
  • #208
  • Feb 3, 2018 9:39am Feb 3, 2018 9:39am
Quoting yalgaar
{quote} I tried your suggestions but something still seems to be off. I am on the version and template that I believe is the latest from the Post # 1. Here is the screenshot. I have set the parameter to use "Latest extreme" You will see it is not setting latest extreme for Jan 15. It is setting it properly for Jan 16 in the following screenshot. {image}
Mmmm...interesting. I guess it's something that's staring us in the face and we just can't see it.

Only thing I could suggest is to go to the old, original SSBO thread and download a variant from there and see if it works (also useful to see how this compares and all).

All the legwork and questions you'll get here will already have been covered there.
  • #209
  • Feb 3, 2018 9:46am Feb 3, 2018 9:46am
Quoting yalgaar
FXMD Seems like the indicator is designed to work this way. It is not drawing the BO zone like how we (atleast I) expect. It does not seem like its setting the zone to Latest extreme. I also saw your report. Even in there it is not setting it to latest extreme. Any idea how the indicator sets the zone? Look at the Jan 15 and Jan 16 zone that it has set to get an idea.
Also if you g**gle "ssbo dynamic breakout box indicator" you will find enough material to keep you occupied for a year, lol. Everything from indi downloads to YuToob videos.
  • #210
  • Feb 3, 2018 12:29pm Feb 3, 2018 12:29pm
Quoting yalgaar
{quote} I tried your suggestions but something still seems to be off. I am on the version and template that I believe is the latest from the Post # 1. Here is the screenshot. I have set the parameter to use "Latest extreme" You will see it is not setting latest extreme for Jan 15. It is setting it properly for Jan 16 in the following screenshot. {image}
Try this settings to see if it works better
Attached File(s)
File Type: rar breakout.rar   < 1 KB | 1,153 downloads


I also added the settings file for the indicator, I made a change in last extreme so you can see if its better to what youre looking for
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 48 KB
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  • #211
  • Feb 5, 2018 10:33am Feb 5, 2018 10:33am
Your screenshot and settings indicate that you have set latest extreme to "false" That is not what I am looking for!

What I am suggesting is that when we set the "Stickbox to latest extreme" to true....it is not doing it correctly....it is inconsistent. It is done correctly for most days but not setting it correctly for certain day. I provided you screenshots of both in some of my previous posts.

Thanks again for your help.
  • #212
  • Feb 5, 2018 2:19pm Feb 5, 2018 2:19pm
Quoting yalgaar
Your screenshot and settings indicate that you have set latest extreme to "false" That is not what I am looking for! What I am suggesting is that when we set the "Stickbox to latest extreme" to true....it is not doing it correctly....it is inconsistent. It is done correctly for most days but not setting it correctly for certain day. I provided you screenshots of both in some of my previous posts. Thanks again for your help.
Ok, sorry but I can help you any further with indicator work mechanism
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  • #213
  • Feb 5, 2018 2:42pm Feb 5, 2018 2:42pm
Quoting Fxmd
{quote} Ok, sorry but I can help you any further with indicator work mechanism
no problem. Thanks for all your help so far. I will figure out something.
  • #214
  • Feb 6, 2018 9:24am Feb 6, 2018 9:24am
It was a long read... cant wait to test it up.... Thank you FXMD
  • #215
  • Feb 6, 2018 2:41pm Feb 6, 2018 2:41pm
Hi FXmd

I have try apply your template and indicator for back testing. But yesterday I notice that the breakout happened 15 mins earlier than it should be ( see attached)

What I mean is I thought whatever candles that generate within the box will define the size of the box until the next candle post 4 hr from the market open that will trigger the breakout? In this case can you tell me when exactly the box be setup since the breakout has happened 15 earlier than I anticipated?
Attached Image
  • #216
  • Feb 6, 2018 3:49pm Feb 6, 2018 3:49pm
Quoting petewong052
Hi FXmd I have try apply your template and indicator for back testing. But yesterday I notice that the breakout happened 15 mins earlier than it should be ( see attached) What I mean is I thought whatever candles that generate within the box will define the size of the box until the next candle post 4 hr from the market open that will trigger the breakout? In this case can you tell me when exactly the box be setup since the breakout has happened 15 earlier than I anticipated? {image}
No I do not know what the issue is, but I suspect it’s related to indicator working mechanism of which I can not provide support. Try doing it manual mode.
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  • #217
  • Feb 6, 2018 4:39pm Feb 6, 2018 4:39pm
Quoting petewong052
Hi FXmd I have try apply your template and indicator for back testing. But yesterday I notice that the breakout happened 15 mins earlier than it should be ( see attached) What I mean is I thought whatever candles that generate within the box will define the size of the box until the next candle post 4 hr from the market open that will trigger the breakout? In this case can you tell me when exactly the box be setup since the breakout has happened 15 earlier than I anticipated? {image}
I have seen few inconsistencies myself with the indicator. I say lets use the indicator with a grain of salt or not use it at all!
But the strategy still is very interesting. I have spent good effort in understanding the indicator and what it does and realized it just cannot be relied on for real trading this system.
So I just stick to manually draw a rectangle everyday at 9:00pm EST (this cover 4 H1 candles, or 16 M16 candles) Just draw a rectangle from high to low. This is your BO zone. If the size of the zone is between 15 and 45 pips...you just use it. If more than 45....adjust it to 45 pips by moving it to the latest extreme. If less than 15, I just rather not trade.

I will be happy to help if any further questions.
  • #218
  • Feb 6, 2018 4:43pm Feb 6, 2018 4:43pm
hi i do watch very very closely but could you telle me do you trade with the trend or not cause even you have a signal some i wont take it
  • #219
  • Feb 6, 2018 4:57pm Feb 6, 2018 4:57pm
Quoting ellenbrook
hi i do watch very very closely but could you telle me do you trade with the trend or not cause even you have a signal some i wont take it
I am not sure if you were asking this to me in particular. But I do not trade this system in LIVE account yet. I do sometimes take a trade on DEMO but even that I am not doing it consistently.

I am still on research mode for this strategy. Due to inconsistencies about several things I have not been able to come up with my own set of rules to trade this. I plan to come up with such rules and I will be happy to post of anyone interested. Once I set those rules, I will visually check a good chunk of data (at least 1 year) and find out the positive expectancy....the winner:loser ratio. If I find this winners to be over 65% I sure will consider trading it on LIVE account.
  • #220
  • Feb 6, 2018 5:04pm Feb 6, 2018 5:04pm
hi
thanks i do trade only on live account but that system his fine but i wont trade some signal against the trade do have another system or very very happy with it but always try to improved thanks
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