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4H Box Breakout

  • #4,721
  • Oct 8, 2009 10:19am Oct 8, 2009 10:19am
As I mentionned before, please do not put your ego into this.

This will bring a disussion between you and me.

It won't be good for this thread.


Regards,
Billyjoe
  • #4,722
  • Oct 8, 2009 10:29am Oct 8, 2009 10:29am
Quoting Billyjoe
Really I am still sorry about your answer...

Nothing is done, even if people talked about RSI, MA, , which I never use...

I am not negative because of the jokes, in fact I am realizing that if jokes took place here it was because no interests of others (sorry Yen !)

Whatever, I am trying to give interest back for this thread which was very good before.


Billyjoe
I agree with you on this. however, all I'm stating is that there is a reason the thread isn't popular anymore... and it doesn't really matter what is done... Ace is gone... first sign of system failure when the original poster stops visiting...

Much discussion has gone into what you're stating here.. ALOT...

A applaud your determination, and if you really want to try to fire up life back in to this thread, by all means do so. But 10 chances to 1, whatever your going to discuss, has already been discussed. That's all I'm saying... what your seeking, has already been done. If you can't grasp that concept.. I'm sorry... there's not much I can do for you.
  • #4,723
  • Oct 8, 2009 10:32am Oct 8, 2009 10:32am
Quoting Billyjoe
As I mentionned before, please do not put your ego into this.

This will bring a disussion between you and me.

It won't be good for this thread.


Regards,
Billyjoe
I'm not putting my ego into this... fact is fact man... ego is for people who "think their all that" I don't think I'm all that, I'm human, and am subject to flaws like everyone else, but I do know I have a system that works, and it's the grandchild of this system. If you can't learn to let go... there's nothing anyone can do for you.
  • #4,724
  • Oct 8, 2009 10:37am Oct 8, 2009 10:37am
An answer to everybody,

if you can manage a secure way to bring your stop loss at half of the box (for example) it would double your R/R, what if this stop loss is 1/4 of the box, even 1/8 !?

This is a much bigger improvement of the Ace's system than choose another candle or another take profit.

Get a much lower stop loss increase much more the R/R than spend your time time to choose a better "entry"(especially when weeks are looser, this is messing around the original system which is very good)

So guys, if you want spare your knowledge about it in this thread please do it, if you are talking about another BO, please do it in another thread.

I think this is fair, no ?


Billyjoe
  • #4,725
  • Oct 8, 2009 10:43am Oct 8, 2009 10:43am
Quoting Pharoah
I'm not putting my ego into this... fact is fact man... ego is for people who "think their all that" I don't think I'm all that, I'm human, and am subject to flaws like everyone else, but I do know I have a system that works, and it's the grandchild of this system. If you can't learn to let go... there's nothing anyone can do for you.

Ok man,

so what I am saying is that you are missing the point to get the good "system/entry" because the most important is the R/R which can only be improved by a tighter stop loss ( like Ace's new system)

regards,
Billyjoe
  • #4,726
  • Oct 8, 2009 10:43am Oct 8, 2009 10:43am
Quoting Billyjoe
An answer to everybody,

if you can manage a secure way to bring your stop loss at half of the box (for example) it would double your R/R, what if this stop loss is 1/4 of the box, even 1/8 !?

This is a much bigger improvement of the Ace's system than choose another candle or another take profit.

Get a much lower stop loss increase much more the R/R...
If you want to completely limit the improvement options sure...

Anyway, I've said my piece... and I'm just gonna leave it at that... Bill, I wish you all the best luck.
  • #4,727
  • Oct 8, 2009 10:53am Oct 8, 2009 10:53am
Quoting wrenski
Yes, the second candle does close at 11:00 PM central.
Wrenski, I saw you mention in an earlier thread, that you were using different candles for your entry point? Would you mind letting me know which candles GMT time those might be and attach your EA settings? I have been back testing but not with good results

thanks!
  • #4,728
  • Oct 8, 2009 10:59am Oct 8, 2009 10:59am
Thank you Pharoah,

I did speak about that before, but without any reply (ANY), I was thinking that most of the partcipants (sorry, not sure this word is english) would not give a shit about.

The thing was to think about Ace's new system, which give us a huge R/R, which could get us a huge profit even after several weeks in loss ( 1:20 R/R)

I was very suprised that no one had interest about it, even an idea...

Wich is the most important thing, not only for Ace's system but for trading in general.


Billyjoe
  • #4,729
  • Oct 8, 2009 11:08am Oct 8, 2009 11:08am
Quoting Billyjoe
Thank you Pharoah,

I did speak about that before, but without any reply (ANY), I was thinking that most of the partcipants (sorry, not sure this word is english) would not give a shit about.

The thing was to think about Ace's new system, which give us a huge R/R, which could get us a huge profit even after several weeks in loss ( 1:20 R/R)

I was very suprised that no one had interest about it, even an idea...

Wich is the most important thing, not only for Ace's system but for trading in general.


Billyjoe
Exactly, it makes me wonder exactly what these "New improvements" are considering since Ace had announced that he had this new version, than got abducted by aliens and never to been seen from again...

Alot of discussion has gone on about what the possible improvements to the system are, none of us really know and can only guess. By removing the option to alter BO is removing alot of the systems modification potential.

I would like to note one thing... my recent tests show me that it does in fact matter how large the box is, and where it is positioned. The larger the box, the less likely you are to score a winning trade... the box size in my tests (turned a $10,000 account into a $100,000 account in 3 years) would shock and completely surprise all of you. This information will be revealed when I can get a fully functioning EA based on my system.
  • #4,730
  • Oct 8, 2009 11:17am Oct 8, 2009 11:17am
Quoting Pharoah
Exactly, it makes me wonder exactly what these "New improvements" are considering since Ace had announced that he had this new version, than got abducted by aliens and never to been seen from again...

Alot of discussion has gone on about what the possible improvements to the system are, none of us really know and can only guess. By removing the option to alter BO is removing alot of the systems modification potential.

I would like to note one thing... my recent tests show me that it does in fact matter how large the box is, and where it is...

Ok, this seems interesting.

But I think that the large box (with all the respect I have for you) means a better win ratio but is not as safe and profitable as a huge R/R.

Anyway, this contest is interesting.

Billyjoe
  • #4,731
  • Oct 8, 2009 11:24am Oct 8, 2009 11:24am
Quoting Pharoah
Exactly, it makes me wonder exactly what these "New improvements" are considering since Ace had announced that he had this new version, than got abducted by aliens and never to been seen from again...

Alot of discussion has gone on about what the possible improvements to the system are, none of us really know and can only guess. By removing the option to alter BO is removing alot of the systems modification potential.

I would like to note one thing... my recent tests show me that it does in fact matter how large the box is, and where it is...

I think that you, as other, would be very interested on new Ace's system, why ?

Why is simple, because it would give you a huge R/R such as 1:10/20 even 30, right ?

Because everyone here know how it would be very profitable, right ?

It means that for a R/R 1:10 we can loose 9/10 and still be in profit, right ?

So what if it is 1:20 or 1:30 ?

This is the perfect set up because even newbie could not loose money (or almost), right ?

So why spend the time to found a new BO ?

This thread have to focus only in one thing (weekly target, BO) the stop loss.


Regards,
Billyjoe
  • #4,732
  • Oct 8, 2009 11:36am Oct 8, 2009 11:36am
Quoting Billyjoe
I think that you, as other, would be very interested on new Ace's system, why ?

Why is simple, because it would give you a huge R/R such as 1:10/20 even 30, right ?

Because everyone here know how it would be very profitable, right ?

It means that for a R/R 1:10 we can loose 9/10 and still be in profit, right ?

So what if it is 1:20 or 1:30 ?

This is the perfect set up because even newbie could not loose money (or almost), right ?

So why spend the time to found a new BO ?

This thread have to focus only in one thing (weekly target, BO)...
I'm more interested to know why Ace said he had a new system, that was better.. then disappeared off the face of the planet before any real results other than "Is believed to improve R:R drastically" were made public.

Another thing I'd like to know, is why are you seeking this new "high R:R" when my system has already improved the R:R to somewhere around 1:10 or better. This is not my Ego talking here, it's a fact.. I just don't understand why you would want to re-invent the wheel when the re-invented wheel it's already available and produces the results you desire?
  • #4,733
  • Oct 8, 2009 11:38am Oct 8, 2009 11:38am
Quoting Billyjoe
I think that you, as other, would be very interested on new Ace's system, why ?

Why is simple, because it would give you a huge R/R such as 1:10/20 even 30, right ?

Because everyone here know how it would be very profitable, right ?

It means that for a R/R 1:10 we can loose 9/10 and still be in profit, right ?

So what if it is 1:20 or 1:30 ?

This is the perfect set up because even newbie could not loose money (or almost), right ?

So why spend the time to found a new BO ?

This thread have to focus only in one thing (weekly target, BO)...
I'm more interested to know why Ace said he had a new system, that was better.. then disappeared off the face of the planet before any real results other than "Is believed to improve R:R drastically"

Another thing I'd like to know, is why are you seeking this new "high R:R" when my system has already improved the R:R to somewhere around 1:10 or better. This is not my Ego talking here, it's a fact.. I just don't understand why you would want to re-invent the wheel when the re-invented wheel it's already available and produces the results you desire. In some cases, my system gives a 1:50+ R:R ratio...
  • #4,734
  • Oct 8, 2009 11:43am Oct 8, 2009 11:43am
Quoting Pharoah
I'm more interested to know why Ace said he had a new system, that was better.. then disappeared off the face of the planet before any real results other than "Is believed to improve R:R drastically"

Another thing I'd like to know, is why are you seeking this new "high R:R" when my system has already improved the R:R to somewhere around 1:10 or better. This is not my Ego talking here, it's a fact.. I just don't understand why you would want to re-invent the wheel when the re-invented wheel it's already available and produces the results you...

I really followed the thread but it seems I missed some posts, sorry.

In which posts did you mention a profit of 10/15 x risk ?


Regards,
Billyjoe
  • #4,735
  • Oct 8, 2009 11:45am Oct 8, 2009 11:45am
Quoting Billyjoe
I really followed the thread but it seems I missed some posts, sorry.

In which posts did you mention a profit of 10/15 x risk ?


Regards,
Billyjoe
It's not found in here, it's found in "4H Banker Buster" thread, which is my modification of this system. Check out some of my latest results (found on the last 2 pages) I think you'll be VERY impressed. I must note, the system is currently undergoing heavy testing by my team and I, and we are working diligently to produce the absolute best results. All details will be posted on the original page in full when they are ready to be made available.
  • #4,736
  • Oct 8, 2009 11:56am Oct 8, 2009 11:56am
Quoting Pharoah
It's not found in here, it's found in "4H Banker Buster" thread, which is my modification of this system. Check out some of my latest results (found on the last 2 pages) I think you'll be VERY impressed. I must note, the system is currently undergoing heavy testing by my team and I, and we are working diligently to produce the absolute best results. All details will be posted on the original page in full when they are ready to be made available.

OK.

I will have a check later (I opened it but did not read all).

In this case it would have been good to post it here, the only thing needed in Ace's system is a better R/R.

No matter, I will have a look.

Good luck Pharoa and thanks for many peoples to take the time to explain your thought. (I am not this guy )


Regards Pharoa,
Billyjoe

PS : still sorry for my english as I am not sure everybody understood...
  • #4,737
  • Oct 8, 2009 11:59am Oct 8, 2009 11:59am
Quoting Billyjoe
OK.

I will have a check later (I opened it but did not read all).

In this case it would have been good to post it here, the only thing needed in Ace's system is a better R/R.

No matter, I will have a look.

Good luck Pharoa and thanks for many peoples to take the time to explain your thought. (I am not this guy )


Regards Pharoa,
Billyjoe

PS : still sorry for my english as I am not sure everybody understood...
The reason I did not post it here (I did post the link when I made it) is because it would get lost in the pages like my SmartStop almost did... This thread is too full of suggestions now, some proven to be not beneficial, some proven to be beneficial. I started my own thread because nobody has to wade through everything, I keep my original post updated with the best results and how to get them (which will start happening when the EA is doing what it's supposed to).

As far as your english is concerned... I've no problem understanding what you say, sometimes I have to read it two or three times.. but I always manage to get the jist of what your saying/asking.
  • #4,738
  • Oct 8, 2009 12:19pm Oct 8, 2009 12:19pm
Quoting Pharoah
The reason I did not post it here (I did post the link when I made it) is because it would get lost in the pages like my SmartStop almost did... This thread is too full of suggestions now, some proven to be not beneficial, some proven to be beneficial. I started my own thread because nobody has to wade through everything, I keep my original post updated with the best results and how to get them (which will start happening when the EA is doing what it's supposed to).

As far as your english is concerned... I've no problem understanding what you...

Hi Pharoah,

thanks,

I am sorry but I didn't see on your thread the R/R 1:15, I have checked as you told me the last 2 pages.

I do not want to give you wrong, tomorrow I will read the entire thread.

regards,
Billyjoe
  • #4,739
  • Oct 8, 2009 12:32pm Oct 8, 2009 12:32pm
Quoting Billyjoe
Hi Pharoah,

thanks,

I am sorry but I didn't see on your thread the R/R 1:15, I have checked as you told me the last 2 pages.

I do not want to give you wrong, tomorrow I will read the entire thread.

regards,
Billyjoe
That's because I didn't state it was a 1:10+ system... I'm not about to draw people in with a "R:R" rating, I let the results speak for themselves, the results found in the backtesting suggest so. These results are found on the last 2 pages. Starting Date, End Date, Starting Deposit, Profit, DrawDown, My entire test is there. Most system developers will tell you the maximum R:R (case in point here, how ofted does 1:4 actually happen... like, 30% of the time which actually makes this system more like a 1:3), I will not do this, because the maximum R:R for my system can go as high as 1:300, and can drop as low as 1:3, it all depends on the market movements. This holds true for any system.

Over a 3 year timeframe, the EA ended with a balance of $98,000 from $10,000.

In 2007, the original system would have been eaten up, 2008 was a good year, and 2009 was a fantastic year.

We have turned 2007 into a VERY profitable year at $30,000 in the first year, the second year, 2008, not so much, due to bugs currently in the EA but still broke even (will be fixed soon, so expect some larger results) and then in 2009, made $50,000+. Compare that with the best results you can find for the original system.

Not to mention, last week when the original system would have lost lots, my system turned an approx 300 pip profit.
  • #4,740
  • Oct 8, 2009 1:46pm Oct 8, 2009 1:46pm
Quoting Billyjoe
Hi Guys,

this is a forum which everyone can explain his meaning, so do not be angry about mine...

For me there is no wondering why Ace and others do not participate anymore to this tread.

This tread is now full of joke (even if the joke of Yen are pretty good) and/or have nothing to do with the Ace's system.

Those discussions have to be in another tread.

I am really sorry that nobody followed my post wich was to guess Ace's new system.

So guys, set up a trade of the first/second/third candle have no meaning, each could work at a certain...
OK first of all pardon?
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