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  • #641
  • Aug 20, 2011 3:29pm Aug 20, 2011 3:29pm
Quoting forexhard
You're missing the point entirely. I don't give a rats if the thread thrives, at least not according to your interpretation of what that means. What really matters is how my system and my teaching changes lives. That's all I care about. And this is not measured by how many posts are left in here, but by the quality of them. I have guys posting just once or twice in 6 weeks, but they are thanking me for teaching them how to bank hundreds of pips per week for the first time in their trading career. So what means more, the number of their posts, or...
And you're missing my point. Friendly threads generate participation which usually attracts more members. Those people generally use the system and talk to others about it which attracts even more people. Thus raising the possibility of changing lives. I don't think an increased number of posts necessarily equates to poor quality. You've already had a troll in here and a thread thief. So sparseness also doesn't equate to quality either (or integrity it seems). I've discussed this far more than I wanted to. But I'll tell you that I did so because I think there's a bit of genius in this approach and I'd hate to see the thread die. That being said you own the thread and I'll shut up.
  • #642
  • Aug 20, 2011 4:11pm Aug 20, 2011 4:11pm
If you say you want a thread that's active and sharing, then do the same. Asking AA what his settings are because he just posted that he's making good money doesn't count. I'd rather that you emulate AA (and me), and this is all my last couple of posts have been saying to you. Which is to say, do your own homework, stop looking for shortcuts, and go and find your own sweet spots according to my system instead of expecting someone to feed them to you by hand.

And if you are really into sharing like you say, then I hope once you locate these settings you'll come rushing back to tell everyone.
To improve is to change. To perfect, is to change often.
  • #643
  • Aug 20, 2011 5:05pm Aug 20, 2011 5:05pm
Quoting forexhard
If you say you want a thread that's active and sharing, then do the same. Asking AA what his settings are because he just posted that he's making good money doesn't count. I'd rather that you emulate AA (and me), and this is all my last couple of posts have been saying to you. Which is to say, do your own homework, stop looking for shortcuts, and go and find your own sweet spots according to my system instead of expecting someone to feed them to you by hand.

And if you are really into sharing like you say, then I hope once you locate these settings...
I never asked AA what his settings were. I asked what pairs he was trading and if he was trading the London session only. How is that a "sweet spot"? I do believe another person asked AA about pairs as well. Lol. No I'll just retire into the background with the rest of the lurkers. If I see an atmosphere open to sharing in the future then I'll be happy to. But I don't expect it.
  • #644
  • Aug 20, 2011 5:15pm Aug 20, 2011 5:15pm
Quoting stevegee58
AndersonAlex, of the 6-8 pairs you've been trading did you find some better than others? Also, are you using a fixed CZ size for each pair or are you using the variable sizing?
Yeah personally these are my faves:
EUR/USD-30pip box
USD/CAD-30pip box
EUR/GBP-20pip box
AUD/USD-30pip box
GBP/USD-20pip box
SGD/JPY-still kinda sketchy.. 20-30pip
I know that's only 6 but the others are still being tested and they really only become relevant when my faves have a "dry period" or I missed the last breakout.



Anderson
It's a Stairstep Party
  • #645
  • Aug 20, 2011 5:34pm Aug 20, 2011 5:34pm
Thanks.

I found that the "auto range box" setting wasn't all that useful (at least for me). I'm sensing that empirically finding a *fixed* box size for each pair of interest is the way to go.
You are in a maze of twisty little passages, all alike.
  • #646
  • Aug 20, 2011 5:48pm Aug 20, 2011 5:48pm
Quoting nubchai
I never asked AA what his settings were. I asked what pairs he was trading and if he was trading the London session only. How is that a "sweet spot"? I do believe another person asked AA about pairs as well. Lol. No I'll just retire into the background with the rest of the lurkers. If I see an atmosphere open to sharing in the future then I'll be happy to. But I don't expect it.
It's not that serious we are all here to make money. (Unless forex.com is lurking somewhere in the shadows tryna take it from me.)

Nah I don't trade the London session only. I work during 12-8am EST in the city as a home health aide. So i bring my computer with me and while the people I take care of are asleep I'm trading between 2:00-4:30am (EST).
By the time I get home I'm already up.. So I trade(watch for breakout) from 9-12 noon (EST) hit the gym with my roomie, come home and sleep until about 9pm... wake up for the Aussie/Tokyo session and do it all over again.

Until I perfect this strategy and move to Trinidad and Tobago that's my day.

Oh yeah don't argue with the Bawse!! LOL, never met the man but I'm sure you guys are older than me so it's like being talked down to for adults or whatever BUT FXH is just one of those hard teachers that prizes themselves on sticking it to u with every post. Don't let it drive ya away. I wanna see some charts next week NUBCHAI!!

That's a challenge!(oh no he didn't).


Enjoy your weekend everyone and be safe.
Anderson
It's a Stairstep Party
  • #647
  • Aug 20, 2011 6:02pm Aug 20, 2011 6:02pm
Quoting stevegee58
Thanks.

I found that the "auto range box" setting wasn't all that useful (at least for me). I'm sensing that empirically finding a *fixed* box size for each pair of interest is the way to go.
I don't use the indicator actually. I actually only trade with S/R lines and using the previous CZ boxes as a reference. A little of my previous knowledge of Price Action seeps in when the price looks a little "iffy" after that first close outside the box but no indicators or EA for me.

I found out thru a friend you can email people your MT4 charts and templates with all your CZ box settings and buffer zone info. It worked for him so he could see first hand the simplicity of the strategy. (Some people are more visual i guess). IF it's cool with ya FXH I'd email it to you first for your approval and then if you give it the green light I'd post it as an attachment in the thread for all to reference and stuff.

Anderson
  • #648
  • Aug 20, 2011 6:14pm Aug 20, 2011 6:14pm
I'm trying real hard not to get into a shouting match today, but the quickest way to piss me off is to tell me that this thread is not about sharing and helping. Because if it's not, then what the fuck have I been doing for the past 6 weeks?

The rules around here are simple: Read the thread from the beginning, and don't ask for help that you're not willing to provide yourself. The quickest way to piss me off is to ignore these 2 simple rules. The quickest way to get on my good side is to post your own comments and charts first, then ask for advise. Around here we don't give out fish, we teach how to. Follow my example and you'll become a much better trader. Lame excuses (Oh, that Forexhard is such a meanie! He actually expects me to do my own homework and post charts!) and BS will only kill your next account that much faster.

I'm not here to win friends or to kiss ass, or to have mine kissed. I'm here to share (some of) what I know about trading breakouts. Love me or leave me, but stop telling me how to run my thread.
To improve is to change. To perfect, is to change often.
  • #649
  • Aug 20, 2011 9:39pm Aug 20, 2011 9:39pm
Quoting AndersonAlex
....In the words of a 22yr old kid from NYC "F$#k the haters man" keep doing your thing. Todays sell off(EU) was very profitable to my account and most of all my logic. I am unlearning to predict and now learning to step back and be patient. I love your method and I appreciate your sternness* with us noobs.


Anderson Alexander
Here's a message from AA from about 15 days ago. It seemed like a good time to bring it back to the top. Screw the haters, sternmess is appreciated, and thanks for the money. What more could a thread starter ask for?
To improve is to change. To perfect, is to change often.
  • #650
  • Edited 4:25am Aug 21, 2011 4:12am | Edited 4:25am
Quoting Wave Trader
kknotty - I am new to MT4 - 3 days - It took me a couple of hours to get the information on how to and download SQUALOU's indi

As FXhard said it is on his #1 post and I used the most recent versions, the last 2 in the list. This gives what you see on my chart that I posted.

I am such a newbie to MT4 -- I am not messing with nothing, for now.
I am using my eSignal Charts for SR lines and they are my "Fillter"

Good Luck and Happy Hunting to All

Not same, Wave Trader. It was the same one I downloaded. But mine doesnt show the ADR value like yours. See the arrow, that's what I mean. Mine only has autoboxrangedailyATR, not ADR. And I downloaded it from the first page. ForexHard, kindly come to the rescue...
Attached Image (click to enlarge)
Click to Enlarge Name: Wave JPEG.jpg Size: 85 KB
A missed Money is better than a lost Money
  • #651
  • Aug 21, 2011 6:46am Aug 21, 2011 6:46am
Subscribed. Agree totally with your approach. Spoon feeding is for babies.
Audentes Fortuna Juvat
  • #652
  • Aug 21, 2011 8:17am Aug 21, 2011 8:17am
Ok. Now I get it. I had to change the autoboxrange from False to True to get the ADR setting in the boxrange. Its ok now, WaveTrader and ForexHard. Thanks for ur directives and instructions.
A missed Money is better than a lost Money
  • #653
  • Aug 21, 2011 8:43am Aug 21, 2011 8:43am
Below are my results for last week.. Using Steve's EA and always setting the following.

SL: 20pips, TP: 45 Pips, Trailing after 21pips.

Pair, % Win, Total Trades..
eurchfm 64.29% 14
eurgbpm 60.00% 5
eurjpym 30.00% 10
eurusdm 28.57% 7
gbpchfm 70.59% 17
gbpjpym 25.00% 16
gbpusdm 28.57% 7
nzdusdm 75.00% 4
usdcadm 50.00% 4
usdchfm 30.00% 10
usdjpym 40.00% 5
  • #654
  • Aug 21, 2011 10:26am Aug 21, 2011 10:26am
Nice job Trip! Way to go!

Those numbers add up to 115. Are you saying you won 115 pips for the week, or that you traded 115 CZ's. I think you are saying CZ's but I just want to make sure.

Also, in the future you only need to write G/U or E/U, etc. The "m" at the end of each symbol is exclusive to your broker, and every broker can be different. So for simplicity sake, just leave it off.

Finally, what are your box size settings for these pairs? How many bars wide, how many pips tall, and what TF are your using? You can post them here, or you can PM me your results. You pick.

But great going man! You and Anderson should think about starting a trading club!
To improve is to change. To perfect, is to change often.
  • #655
  • Aug 21, 2011 10:34am Aug 21, 2011 10:34am
Quoting kknotty
Ok. Now I get it. I had to change the autoboxrange from False to True to get the ADR setting in the boxrange. Its ok now, WaveTrader and ForexHard. Thanks for ur directives and instructions.
Yup, just like I said in post #628. I don't use this setting too much, but when I do I set it for 75/.2. The idea is to have it pulling data from further back (75 units instead of the default 30). Drawing from more pips/bars gives a better result IMO.
To improve is to change. To perfect, is to change often.
  • #656
  • Aug 21, 2011 10:45am Aug 21, 2011 10:45am
Quoting AndersonAlex
It's not that serious we are all here to make money. (Unless forex.com is lurking somewhere in the shadows tryna take it from me.)

Nah I don't trade the London session only. I work during 12-8am EST in the city as a home health aide. So i bring my computer with me and while the people I take care of are asleep I'm trading between 2:00-4:30am (EST).
By the time I get home I'm already up.. So I trade(watch for breakout) from 9-12 noon (EST) hit the gym with my roomie, come home and sleep until about 9pm... wake up for the Aussie/Tokyo session and...

Thanks AA. I appreciate your answer. Nah fxhard won't drive me away I just disagree with his people skills. But it's his thread.

Have a GREAT day
  • #657
  • Aug 21, 2011 10:46am Aug 21, 2011 10:46am
Quoting Nijee
Subscribed. Agree totally with your approach. Spoon feeding is for babies.
Welcome aboard, Nijee. Please jump in with charts when you feel ready to share.
To improve is to change. To perfect, is to change often.
  • #658
  • Aug 21, 2011 3:37pm Aug 21, 2011 3:37pm
Quoting forexhard
Welcome aboard, Nijee. Please jump in with charts when you feel ready to share.
Yes, that is my intention. However my priority for the next two weeks -HOLIDAYS . Like all newbies, I have done the system flip/flop but keep coming back to breakout trading. For me it makes the most intuitive sense.
Audentes Fortuna Juvat
  • #659
  • Aug 21, 2011 4:59pm Aug 21, 2011 4:59pm
Quoting forexhard
Nice job Trip! Way to go!

Those numbers add up to 115. Are you saying you won 115 pips for the week, or that you traded 115 CZ's. I think you are saying CZ's but I just want to make sure.

Also, in the future you only need to write G/U or E/U, etc. The "m" at the end of each symbol is exclusive to your broker, and every broker can be different. So for simplicity sake, just leave it off.

Finally, what are your box size settings for these pairs? How many bars wide, how many pips tall, and what TF are your using? You can post them here,...
Straight off my spreadsheet, but yes, they were winners, not PIPS.

53% winners, and just broke even on PIPS gained, so the results are not as good as one would think.

SL/TP and Trailing Stops are the biggest problem I face.
  • #660
  • Aug 21, 2011 5:43pm Aug 21, 2011 5:43pm
Quoting triptizine
Straight off my spreadsheet, but yes, they were winners, not PIPS.

53% winners, and just broke even on PIPS gained, so the results are not as good as one would think.

SL/TP and Trailing Stops are the biggest problem I face.
Well, my first instinct, without even looking at your settings, is to guess that your settings are too loose, and are therefore giving you too many CZ's to consider trading with. And this is causing you to over-trade. Which to me is the #1 reason you are having less than stellar results.

By comparison, I have an over-all long term (yearly) win ratio of 95% or better. Some weeks/months I have no losses at all. This is because I am selecting only the very best CZ's to trade from. Which means I am never seeing 115 boxes per week, no matter how many pairs I trade. The rule of thumb I have come to terms with, is that I am happy to see 2.5 CZ's on average per pair per time frame. So if I am running 4 pairs and 2 TF's per pair (which is normal for me), this is a starting ratio of 8. Now multiply 8 by 2.5 and you have exactly 20. So I am now only expecting, at the most, 20 tradeable CZ's per week with my usual settings.

So even if I lose 30% of my breakouts (never happens, but let's suppose...), that's six out of 20 trades going against me. With my usual SL of around 35 pips on average, this means I would have lost 210 pips that week. Out of roughly 700 possible. So I'm still ahead 490 pips -- and this would be for a week like I haven't seen in over 18 months.

This is the difference between a long distance sniping (one shot, one kill) approach, and hunting with a scatter gun.
To improve is to change. To perfect, is to change often.
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