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4H Box Breakout

  • #4,741
  • Oct 8, 2009 1:56pm Oct 8, 2009 1:56pm
And second.

The reason not many are around here is the fact this system has systematically lost since I have traded it for over a month now and FX traders are short term thinkers and have buggered off to the next get rich quick scheme.

the GOOD news is I have lost less every week thanks to Pharoah, Yen Wrenksi, Yonnie and others .

Why worry about Ace just because he started the thread doesn't mean he is the "man" this system has improved out of sight with the above people giving great input.

I am not a big contributor because I am learning I suppose, I do have some input but others have more relevant options.

I can't stand the fact everyone is trying to over improve the system KISS "keep it simple stupid" this system once in the trade it pretty much runs itself for the week apart from adjusting your SL that’s why the rest of the week is full of great banter.

And another factor is the world has changed even though it may look the same out your window things have happened they are even talking about pricing oil against three or four different currencies not just the US with that and other factors a lot of pairs are just ranging at the moment so get ready for some action BUT it may take awhile

just my two cents worth.
I do Good I feel GoodI do Bad I feel Bad
  • #4,742
  • Oct 8, 2009 1:58pm Oct 8, 2009 1:58pm
Quoting kellera6
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!
It is the candle that begins at 00:00 GMT. I have the EA set to move to BE @100 and I take one lot off the table @100. I then let the second lot run till it hits resistance or a reasonable amount of pips. This week the 2nd lot hit resistance at about 280 pips.

The original SL is set @ about 75% of the box.
  • #4,743
  • Oct 8, 2009 2:01pm Oct 8, 2009 2:01pm
THIRD
get the stick out of your arse

PS I think Pahraoh is Ace or Elivs not sure which


I love Fridays
I do Good I feel GoodI do Bad I feel Bad
  • #4,744
  • Oct 8, 2009 2:06pm Oct 8, 2009 2:06pm
Quoting Offshore
THIRD
get the stick out of your arse

PS I think Pahraoh is Ace or Elivs not sure which


I love Fridays
Nope lol, I've no clue who Ace is. I'm a canadian in Edmonton eh

How aboot dem der canadians eh.

Edit: Lol, I just noticed Ace is also from Canada
  • #4,745
  • Oct 8, 2009 2:48pm Oct 8, 2009 2:48pm
Quoting Pharoah
undergoing heavy testing by my team and I

You have a team?
  • #4,746
  • Oct 8, 2009 2:51pm Oct 8, 2009 2:51pm
Quoting wrenski
You have a team?
Yes
  • #4,747
  • Oct 8, 2009 2:52pm Oct 8, 2009 2:52pm
My results are purely on backtesting. Everytime I decided it was time to take the plunge with the system someone came up with a new idea so I would check that out first. But I will be diving in head first in a couple of weeks when I return from a sailing regatta. Someone mentioned that the results I wrote about were only for two months. If you delve further back you will see a post where I compared the 0400 candle with the 0000 and the 2000 one for two years. Over that period the 0400 was clearly ahead.
  • #4,748
  • Oct 8, 2009 3:00pm Oct 8, 2009 3:00pm
Another reason for the difference in results is because of the different SL I plotted.
  • #4,749
  • Oct 8, 2009 4:20pm Oct 8, 2009 4:20pm
Quoting bobha
My results are purely on backtesting. Everytime I decided it was time to take the plunge with the system someone came up with a new idea so I would check that out first. But I will be diving in head first in a couple of weeks when I return from a sailing regatta. Someone mentioned that the results I wrote about were only for two months. If you delve further back you will see a post where I compared the 0400 candle with the 0000 and the 2000 one for two years. Over that period the 0400 was clearly ahead.

I remember that post now, bobha. I need to look at that a little closer.
  • #4,750
  • Oct 8, 2009 4:44pm Oct 8, 2009 4:44pm
Quoting wrenski
It is the candle that begins at 00:00 GMT. I have the EA set to move to BE @100 and I take one lot off the table @100. I then let the second lot run till it hits resistance or a reasonable amount of pips. This week the 2nd lot hit resistance at about 280 pips.

The original SL is set @ about 75% of the box.
Perfect! So if I may ask, how has it been performing for you overall? So seem to be pretty happy about it!
  • #4,751
  • Oct 8, 2009 4:56pm Oct 8, 2009 4:56pm
Quoting kellera6
Perfect! So if I may ask, how has it been performing for you overall? So seem to be pretty happy about it!
This past week saw +100 and +290. The previous week I had my EA set to move to BE @ 50 and that is too close and i was stopped out at +1 and +1. Last month was a winner by a small margin.
  • #4,752
  • Oct 8, 2009 5:03pm Oct 8, 2009 5:03pm
Quoting Billyjoe
For me there is no wondering why Ace and others do not participate anymore to this tread.
For me, there's no wondering either. Ace left for his own reasons . . . all the others probably left because they got tired of losing with the original system.

Quoting Billyjoe
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'm not promising again to limit the humor. If you don't like it, just put me on your ignore list.

If you want to limit the talk strictly to Ace's system, you may very well be alone here on the thread. There's very few talking about the original system any more because it has flaws.

Rather than be the only one on the thread, here's my suggestion . . . just talk to yourself . . . it's faster than typing.
Greetings from Guanajuato, Mexico
  • #4,753
  • Edited 5:20pm Oct 8, 2009 5:09pm | Edited 5:20pm
Quoting Pharoah
Ace is gone, to be honest, don't think he's commin back, let the thread die, unless your yen and want to throw jokes around.
Pharoah . . . I'm not the only one who benefits from this thread, nor do I use it strictly to "throw jokes around".

Let's face it . . . you're on here a lot too because, among other reasons, it allows you to promote your new system and your new thread. I have nothing against that . . . let's just not get too self-righteous.

If you recall, I'm the one that suggested you let your own original thread die and start a new one for a variety of reasons. It looks to me like it's working out pretty well for you so far, and I'm glad to see it, but the jokes I "throw around" have nothing to do with this thread's continued existence. I don't seem to be the only one posting.
Greetings from Guanajuato, Mexico
  • #4,754
  • Oct 8, 2009 5:13pm Oct 8, 2009 5:13pm
Quoting Pharoah

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.
Unless you get abducted by same aliens who seemed to have Ace now




Unless you get abducted by same aliens who seemed to have Ace now
  • #4,755
  • Oct 8, 2009 5:38pm Oct 8, 2009 5:38pm
Quoting yen44x
Pharoah . . . I'm not the only one who benefits from this thread, nor do I use it strictly to "throw jokes around".

Let's face it . . . you're on here a lot too because, among other reasons, it allows you to promote your new system and your new thread. I have nothing against that . . . let's just not get too self-righteous.

If you recall, I'm the one that suggested you let your own original thread die and start a new one for a variety of reasons. It looks to me like it's working out pretty well for you so far, and I'm glad to see it, but the...
It wasn't a stab at you Yen, you know I value your input. And I'm not using it to "promote" my thread. This system happens to be the grandfather, so anything that is relevant there, is relevant here. I keep seeing people talk about "increase R:R" so I point them in the direction. I'm not self righteous, when you come across someone who obviously doesn't get what your saying (case in point here) you have to explain things...

Honestly, I don't feel as tho I'm any better than any of you, I learned alot of what I know from this place. If for whatever reason I'm coming off as "self righteous" then I apologize, and will restrict my posts.
  • #4,756
  • Oct 8, 2009 5:53pm Oct 8, 2009 5:53pm
Quoting Pharoah
It wasn't a stab at you Yen, you know I value your input. And I'm not using it to "promote" my thread. I'm not self righteous, when you come across someone who obviously doesn't get what your saying (case in point here) you have to explain things... Honestly, I don't feel as tho I'm any better than any of you, I learned alot of what I know from this place. If for whatever reason I'm coming off as "self righteous" then I apologize, and will restrict my posts.
Sorry Pharoah . . . I just had a rough day (d*#m burros) and my first reaction was . . . finally, here's one fight I finally managed to stay out of and yet both Billyjoe and Pharoah brought my name up.

I personally don't think there's anything wrong with it if you do choose to use this thread to promote your system and thread . . . you already know I like it or I wouldn't ask so many questions about it. I probably misinterpreted your remark about me using this thread for nothing more than jokes, and it seemed a bit over the top . . . thus the remark.

Don't restrict your posts . . . this thread is on life support anyway. Keep fighting the battle with Billyjoe, which I'm glad you were able to do since I was gone for the day.

So, let's just hug (in a manly sort of way of course), make up, and be friends again . . . whaddya say, eh?
Greetings from Guanajuato, Mexico
  • #4,757
  • Oct 8, 2009 5:56pm Oct 8, 2009 5:56pm
Quoting yen44x
Sorry Pharoah . . . I just had a rough day (d*#m burros) and my first reaction was . . . finally, here's one fight I finally managed to stay out of and yet both Billyjoe and Pharoah brought my name up.

I personally don't think there's anything wrong with it if you do choose to use this thread to promote your system and thread . . . you already know I like it or I wouldn't ask so many questions about it. I probably misinterpreted your remark about me using this thread for nothing more than jokes, and it seemed a bit over the top ....
Your apology came too late, Yen. On his thread he has signed off and will no longer post on FF.
  • #4,758
  • Oct 8, 2009 5:57pm Oct 8, 2009 5:57pm
Quoting yen44x
Sorry Pharoah . . . I just had a rough day (d*#m burros) and my first reaction was . . . finally, here's one fight I finally managed to stay out of and yet both Billyjoe and Pharoah brought my name up.

I personally don't think there's anything wrong with it if you do choose to use this thread to promote your system and thread . . . you already know I like it or I wouldn't ask so many questions about it. I probably misinterpreted your remark about me using this thread for nothing more than jokes, and it seemed a bit over the top ....
Never said we were not friends.. just kinda stick a little in the side, considering the amount of respect I have for you, and to have you think that of me...
  • #4,759
  • Oct 8, 2009 6:04pm Oct 8, 2009 6:04pm
Quoting Pharoah
Never said we were not friends.. just kinda stick a little in the side, considering the amount of respect I have for you, and to have you think that of me...
Pharoah . . . the mark of a friend is to say things that others won't. The comment struck me as self-righteous, so I said so. It doesn't mean that I'm automatically right in my assumption, and you have since explained what you really meant. I accept that as a friend.

I told you before my PM that I would be brutally honest with you on all occasions. In this occasion, I was speaking of one remark . . . I wasn't trying to describe your character or say that you are innately self-righteous.

I apologized previously . . . I apologize again. I hope you'll accept that as a friend. I sincerely hope you won't let it affect your contributions on either thread.
Greetings from Guanajuato, Mexico
  • #4,760
  • Oct 8, 2009 6:10pm Oct 8, 2009 6:10pm
Quoting yen44x
Pharoah . . . the mark of a friend is to say things that others won't. The comment struck me as self-righteous, so I said so. It doesn't mean that I'm automatically right in my assumption, and you have since explained what you really meant. I accept that as a friend.

I told you before my PM that I would be brutally honest with you on all occasions. In this occasion, I was speaking of one remark . . . I wasn't trying to describe your character or say that you are innately self-righteous.

I apologized previously . . . I apologize again....
I understand, and accept your apology. This however, does not change the fact that if you saw this, than others have as well... and this is not how I want to be seen.

This is the only way I can talk, I can't articulate my thoughts properly, while they remain perfectly vivid in my head. Because of this, it may seem arrogant or self-righteous, and in some cases, completely stupid and as a result of that, I am no longer going to post.

I'm sorry, but I have no reason to believe that I am not seen this way by others... and I didn't do everything I've done to be seen this way.

If I have to explain every one of my posts, and in some cases defend myself, then this becomes the line where it is no longer worth it.
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