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Tools for forexhard's Stairstep Breakouts system

  • #161
  • Jul 29, 2011 6:58am Jul 29, 2011 6:58am
Quoting Bert505
Kodex
SL is part of the stuff.
You have to accept it...
Same as TP...

B
True....

whats your setting for UseSafetyFeature?
I have false set.
  • #162
  • Jul 29, 2011 7:45am Jul 29, 2011 7:45am
Quoting kodex750
True....

whats your setting for UseSafetyFeature?
I have false set.
As Steve H. said : false for now
Si les cons volaient, il ferait toujours nuit...
  • #163
  • Jul 29, 2011 12:06pm Jul 29, 2011 12:06pm
Quote
In the last SQ-DynBo Indi Squalou change the value of
AutoBoxRangeDailyATRfactor to 0.2 (was 0.25)

You must change this settings in the EA for better box
My 2C
B

I use.236 (which conveniently is a fib retracement value) as my ATR factor, but again everyone will be different of course.

Quote
Damn. Just did a manual trade...S/L hit
see chart

I'm just curious on what your settings are because I did not show a CZ a that point? You might need to adjust your settings to fine tune it to get a tighter CZ.
Attached Image (click to enlarge)
Click to Enlarge Name: entry and stop.jpg Size: 110 KB
  • #164
  • Edited 12:34pm Jul 29, 2011 12:22pm | Edited 12:34pm
Quoting mer071898
I use.236 (which conveniently is a fib retracement value) as my ATR factor, but again everyone will be different of course.
CZ.
Mer
Is it the AutoBoxRangeDailyATRfactor you are talking about ?
Not the Atr period for ATR TP

Right ?
Si les cons volaient, il ferait toujours nuit...
  • #165
  • Jul 29, 2011 12:35pm Jul 29, 2011 12:35pm
.236? Love Mer, love his magic fib numbers. I bet he cuts his steak using Pi values, LOL!
To improve is to change. To perfect, is to change often.
  • #166
  • Jul 29, 2011 5:14pm Jul 29, 2011 5:14pm
Quote
Mer
Is it the AutoBoxRangeDailyATRfactor you are talking about ?
Not the Atr period for ATR TP

Right ?
Yes, sorry, I thought you already assumed that.

Quote
.236? Love Mer, love his magic fib numbers. I bet he cuts his steak using Pi values, LOL!
mmmmmm, steak!!! Thanks, now I'm hungry.
  • #167
  • Jul 29, 2011 6:21pm Jul 29, 2011 6:21pm
Scott, did you receive my email addy? The one with the X's in it?
To improve is to change. To perfect, is to change often.
  • #168
  • Jul 29, 2011 6:36pm Jul 29, 2011 6:36pm
No sir, I haven't seen it in a message or my e-mail.
  • #169
  • Jul 29, 2011 6:56pm Jul 29, 2011 6:56pm
Yeah, no, I answered your one message a couple of days ago. Will try again now....
To improve is to change. To perfect, is to change often.
  • #170
  • Jul 30, 2011 4:59am Jul 30, 2011 4:59am
Quoting mer071898
I'm just curious on what your settings are because I did not show a CZ a that point? You might need to adjust your settings to fine tune it to get a tighter CZ.
Hi Mer.

Thats correct. sq indicator did not show a cz. But i did draw a box (manual trade). correct me if i'm wrong... but i'm still learning this method.

http://i51.tinypic.com/3raqo.gif
  • #171
  • Jul 30, 2011 6:25am Jul 30, 2011 6:25am
Kodex, You have too many CZ's showing on your chart. Try playing around with the settings until you get about half as many as you are getting now. Too many artifacts leads to confusion, as well as over trading. Contrary to so many other systems, my system is not "always in". There might be days between trades, as we sit back and wait for only the best CZ's to form.
To improve is to change. To perfect, is to change often.
  • #172
  • Jul 30, 2011 4:47pm Jul 30, 2011 4:47pm
WARNING

whereas this strategy looks very promising. i fear attaching arbitrary (or constant) values (i.e the 30pips box) to a very liquid(dynamic) market may not be consistent over the long run. Nevertheless, I strongly believe that the system is going to last because it is purely based on price action.

This IMO should cover both technical and fundamental principles.
  • #173
  • Jul 31, 2011 9:57am Jul 31, 2011 9:57am
Quoting Adewumi
WARNING

whereas this strategy looks very promising. i fear attaching arbitrary (or constant) values (i.e the 30pips box) to a very liquid(dynamic) market may not be consistent over the long run. Nevertheless, I strongly believe that the system is going to last because it is purely based on price action.

This IMO should cover both technical and fundamental principles.
Unfortunantly, as with most systems, you have to place some kind of arbitrary number to some variable. I find this system works well enough on EURUSD m15 with the 30 pip CZ. Without some c

Ultimately this system/indi looks to be a new take on the Alligator indicator. IE. if you drop and Alligator on your chart M15 chart with default settings.
Attached Image


You'll see that the "CZ" areas line up with the flat horizontal areas where all the lines combine. Both of these indicators work more or less the same and can be used to do the same thing. So why am I pointing this out? To show that there is "consistency" in the resuslts that are verifiable using other means.

Still waiting on the EA for this.
  • #174
  • Edited 12:30pm Jul 31, 2011 10:33am | Edited 12:30pm
This is my system, and it has NOTHING to do with the Alligator, or any other common indi for that matter.

EDIT: Zura, back in your post #132 on pg 10 you said it was wrong for guys to come in here and add unnecessary indicators to my system. And now you come in here and do exactly that.
To improve is to change. To perfect, is to change often.
  • #175
  • Jul 31, 2011 11:42am Jul 31, 2011 11:42am
Oooops ! When crocodiles mix things with alligators this go straigh into the marsh...
Si les cons volaient, il ferait toujours nuit...
  • #176
  • Jul 31, 2011 2:59pm Jul 31, 2011 2:59pm
Lots of irrelevant bollocks being talked here lately guys.

Ok, so you might think to yourselves, "Tough fella, just live with it."

Thing is, this is my thread and so I feel honour-bound to read posts here - and get highly irritated when these posts turn out to be bollocks that are not worth reading. I do have the occasional thread to try to keep up with along with coding the odd robot or two; this keeps me busy enough without having to read bollocks posted by dimwits.

This thread is about developing tools for trading fh's system. I do not care whether people think the system works or not - that is a separate issue. So, I have come up with a third thread rule, listed in post 1. Read it guys; I will apply it without further warning.

  • #177
  • Jul 31, 2011 4:24pm Jul 31, 2011 4:24pm
Mer,
Seems that yours 0.236 is just fine looking at : not too fast as 0.25 and not
too slow as 0.2
Will see this week how this work.
B
Si les cons volaient, il ferait toujours nuit...
  • #178
  • Jul 31, 2011 7:53pm Jul 31, 2011 7:53pm
Quoting Adewumi
WARNING

whereas this strategy looks very promising. i fear attaching arbitrary (or constant) values (i.e the 30pips box) to a very liquid(dynamic) market may not be consistent over the long run. Nevertheless, I strongly believe that the system is going to last because it is purely based on price action.

This IMO should cover both technical and fundamental principles.

I started all the off point discussion. i just felt like i should apologize for this post. it should not have been posted here. I try to be constructive technical improvements next time.
  • #179
  • Jul 31, 2011 9:14pm Jul 31, 2011 9:14pm
It is time for something constructive

I may be wrong. But there seems to have been some modifications to Fxhard's system. After testing this for a while, i went back to read Fxhard's first post in his thread.

I observed that he highlighted all the CZs within the session and not only at the at the beginning of the of the session as the present indicator seems to highlight.

take a look at the first attachment again. he picked the swing high of the consolidation and made it the top of the box (for uptrends b4 consolidation) and swinglows for the bottom of the box (for downtrends).

if my observation is right, it means that one should be able to get a 10-15pip breakout move from every CZ box drawn. this means more trades more pips and therefore a rapid account multiplier.


SO WHAT IS MY SUGGESTION?

The already awesome Sqdynamicbox indicator be modified to pick all consolidation zones within the session as originally shown by FXhard if the user decides he wants to trade that. (i.e an extern bool Variable)


THIS SUGGESTION SHOULD BE DISCARDED IF FXHARDS SAYS IT IS A MISINTERPRETATION OF HIS STRATEGY.
Attached Image
  • #180
  • Jul 31, 2011 9:45pm Jul 31, 2011 9:45pm
Quote
Mer,
Seems that yours 0.236 is just fine looking at : not too fast as 0.25 and not
too slow as 0.2
Will see this week how this work.
B

Thank you Bert. Remember, this is just an arbitrary number and not set in stone as I am only expressing my input regarding the parameters I'm testing at the moment. The one thing I noticed that Islander mentioned before is that if you look at the CZs that form before the Frankfurt and London opens, you can definitely see that false breakouts do occur right after the Frankfurt open. Now it doesn't happen every time, but it might help to filter out an entry if you wait to enter after the London open, just an observation.
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