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  • #661
  • Aug 21, 2011 6:10pm Aug 21, 2011 6:10pm
Quoting forexhard
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...
I have kept the default settings for the EA which were the default settings for the Indi.
  • #662
  • Aug 21, 2011 6:46pm Aug 21, 2011 6:46pm
With all due respect, Trip, that doesn't speak to the problem. Those default settings were set by a software engineer that's helping behind the scenes, not by me or anyone else who is trading this system. I have never said to use those settings. Squalou is an amazing person, and I can't wait to see the finished EA either, but he was just guessing when he did that. An educated guess, but just a guess all the same. What I have said, repeatedly, is for every trader to experiment and find their own sweet spots. I have also said that there shouldn't be more than 50 past boxes in the on-chart display. On mine I see much less, like around 30 in most cases. The attached pic says 39. No matter what, I always try to keep this number below 50. Below 40 is even better.

So make your own experiments and keep track of your own settings, keep the past box number to 50 or less when ever possible, and pick only the best pairs and time frames, and don't expect to see more than 20 great CZ's per week.
Attached Image
To improve is to change. To perfect, is to change often.
  • #663
  • Aug 21, 2011 7:26pm Aug 21, 2011 7:26pm
Well, I've finished reading through the thread (including the entertainment sections!). A lot of questions have been answered. When I made my last post I had not yet reached the point where the SL discussion took off. That's probably why no one responded to it, which is fine.

I like this tool! It removes a lot of subjectivity from trade entries, which I anticipate will help me a lot. I am practicing making my own CZs manually to get an intuitive understanding of being able to see them forming, then I will use SQ's indi to speed things up - thanks SQ, nice work!

I also plan to practice in the tester, and to examine historical charts and try to record some statistics. Anything I find which may be useful to the community I will gladly share here.

Mega pips to all!
Luck occurs when preparation meets with opportunity.
  • #664
  • Aug 21, 2011 8:06pm Aug 21, 2011 8:06pm
past boxes that show on the indicator is dependent on how far back your history on the chart for each pair goes. How far back is yours setup for chart history FH?
At 2.5 cz's per week or so, and your indy shows 39 past boxes, so your chart history only shows 16 weeks of data i'd guess? Just confirming

Am doing my own research on cz and trade style with this, if I come up with anything special I'll let u know.
  • #665
  • Aug 21, 2011 8:13pm Aug 21, 2011 8:13pm
Quoting forexhard
With all due respect, Trip, that doesn't speak to the problem. Those default settings were set by a software engineer that's helping behind the scenes, not by me or anyone else who is trading this system. I have never said to use those settings. Squalou is an amazing person, and I can't wait to see the finished EA either, but he was just guessing when he did that. An educated guess, but just a guess all the same. What I have said, repeatedly, is for every trader to experiment and find their own sweet spots. I have also said that there...
What are you indi settings exactly?
  • #666
  • Aug 21, 2011 8:26pm Aug 21, 2011 8:26pm
Quoting triptizine
What are you indi settings exactly?
That's the question. It's been asked many times by now, but never answered. Because it depends on the pair and the TF and the trader's personal preferences. So I still can't answer it, because I am not you. This is precisely the part where your own personal experience comes into play. And that can only happen after a couple of weeks of experimentation with the settings based on the many different possible combinations of pairs & TF's, which only you can do.
To improve is to change. To perfect, is to change often.
  • #667
  • Aug 21, 2011 8:39pm Aug 21, 2011 8:39pm
FH, you and other have mentioned that you see "X" number of boxes created by SQ's indicator using different combinations of settings. Over what time period are you talking about? The previous week, year, YTD? I am also assuming that this time period is set with the DaysBack setting in the indi. Is this correct?

Sorry, I must have missed this in the thread, I've looked all over for it. Thanks.
Luck occurs when preparation meets with opportunity.
  • #668
  • Aug 21, 2011 9:00pm Aug 21, 2011 9:00pm
Quoting AlienFrog
FH, you and other have mentioned that you see "X" number of boxes created by SQ's indicator using different combinations of settings. Over what time period are you talking about? The previous week, year, YTD? I am also assuming that this time period is set with the DaysBack setting in the indi. Is this correct?

Sorry, I must have missed this in the thread, I've looked all over for it. Thanks.
I've already said. Default is 30. Usually I set mine for 75. And in the last pic I posted it is set at 100. But that's not the key. The key is the number of back boxes. So I make adjustments until I find my preferred sweet spot -- which is exactly what I have been telling you guys over and over. I do it too. Geez guys, I'm doing everything except reaching through your screens to push the buttons for you. Is it really not clear by now what I mean?
To improve is to change. To perfect, is to change often.
  • #669
  • Aug 22, 2011 1:49am Aug 22, 2011 1:49am
If this e/u second candle stays outside to the down, im in.

Good luck Steve
  • #670
  • Aug 22, 2011 1:59am Aug 22, 2011 1:59am
Hey Steve, did you try to post a chart just now?
To improve is to change. To perfect, is to change often.
  • #671
  • Edited 2:37am Aug 22, 2011 2:21am | Edited 2:37am
No I didnt enter. I was waiting for a retrace bit closer back to the box and boom, shot straight back in. So watching and will post chart when im in.

Good luck forex. Here is what i was looking at
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  • #672
  • Aug 22, 2011 3:28am Aug 22, 2011 3:28am
E/U price went to the top of the price box to the pip. now coming back down.

theres seems to be pips available trading the high and low of price box as well until the breakout occurs.

just an observation, not saying do it.

Steve
  • #673
  • Aug 22, 2011 4:43am Aug 22, 2011 4:43am
Quoting forexhard
I've already said. Default is 30. Usually I set mine for 75. And in the last pic I posted it is set at 100. But that's not the key. The key is the number of back boxes. So I make adjustments until I find my preferred sweet spot -- which is exactly what I have been telling you guys over and over. I do it too. Geez guys, I'm doing everything except reaching through your screens to push the buttons for you. Is it really not clear by now what I mean?
FH, thanks for your reply. Yes, I had already seen ADR set to 100 in the last pic you posted. That setting, according to the instructions, controls the range (or height) of the boxes. I can appreciate your frustration at such a question, but that was not what I asked you about.

I mentioned the "DaysBack" setting in my question. This setting does not appear in your pic, or your answer. If you change this setting, the number of boxes changes. Apparently the ADR setting to 30, as you stated in your reply, is not the only parameter that affects the number of boxes displayed.

Let me ask in simpler terms to make it easier for you to understand me: What is your "DaysBack" set to while you are adjusting your ADR to achieve your optimal number of boxes?

Thanks!
Luck occurs when preparation meets with opportunity.
  • #674
  • Edited 10:17am Aug 22, 2011 6:53am | Edited 10:17am
Stairsteps....
I like it, like it!
Thanks, FH! ;-)

P.S. ignore the other buy positions on G/U, there are from other signals...middle one is Stairsteps:-)
And, btw, I set a pending order at the box extremity AFTER price has already tested it, waiting for a retrace back (almost 100% happening), that's my entry style. ;-)
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I don't say
  • #675
  • Aug 22, 2011 9:57am Aug 22, 2011 9:57am
Quoting brisvagus
E/U price went to the top of the price box to the pip. now coming back down.

theres seems to be pips available trading the high and low of price box as well until the breakout occurs.

just an observation, not saying do it.

Steve

Retracements back into the box after a breakout also look like an interesting pattern.
  • #676
  • Aug 22, 2011 10:12am Aug 22, 2011 10:12am
Let the pips flow!
Failed to score a higher high...there are more than 3 pairs with same pattern, 123 reversal...G/U is a second order, as I forgot to move 1st order TP from a H4 trendline :-)
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I don't say
  • #677
  • Aug 22, 2011 10:19am Aug 22, 2011 10:19am
Quoting AlienFrog
....Yes, I had already seen ADR set to 100 in the last pic you posted....Let me ask in simpler terms to make it easier for you to understand me: What is your "DaysBack" set to while you are adjusting your ADR to achieve your optimal number of boxes?
You have the answer already. The ATR range (not ADR) is the day back setting.

Here's how (I believe) it works: The indi looks back X number of days to find a big over-all range number. For 100 days, let's say this number becomes 12, 287, which is the same as saying that over the last 100 days the daily range averaged 123 pips per day. For 30 or 75 days, this big number won't be so big, of course. So far nothing has been done to identify the box size, though. This is where the 2nd setting come in. The 2nd setting, the 'ATR factor' divides the big number to come up with a box size. It will be the new smaller number that combines with the static number of bars (eg 22) to then locate your CZ's.

The default setting is 30. But I have found that a larger number gives better results. That's why you have seen me set it for 75 and 100. Tweaking the factoring value will also change the number and the quality of the CZ's the indi finds. When I say "find your own sweet spots" this is exactly what I am referring to. There is no universal formula here, no "one size fits all" answer; every trader must do this homework himself or it won't get done.
To improve is to change. To perfect, is to change often.
  • #678
  • Aug 22, 2011 10:37am Aug 22, 2011 10:37am
To be honest, I'm not relying on the indi at all, I only visually spot them...that's for not blaming Steve, if a trade goes bad, hahahaha!
But, seriously, I fell more confortable searching them myself. I mean, it's not such a big thing to see that price has stalled into a certain zone for more than 25 candles(sometimes), even the zone has 25/30/40 pips range, doesn't matter, it's a CZ!
I don't say
  • #679
  • Aug 22, 2011 10:52am Aug 22, 2011 10:52am
This is from yesterday's G/U M15.

The first 3 breakouts (red circles) did not qualify.

Entered Long at the 1st green arrow, which went into very mild and expected DD of approx 25 pips (blue box) before finding it's direction. Closed at 2nd arrow for 38 pips.

This is an absolutely typical breakout scenario.
Attached Image (click to enlarge)
Click to Enlarge Name: cz.gif Size: 99 KB
To improve is to change. To perfect, is to change often.
  • #680
  • Aug 22, 2011 8:09pm Aug 22, 2011 8:09pm
Quoting forexhard
You have the answer already. The ATR range (not ADR) is the day back setting....
Thanks. You are right, I did know all that already. I also knew that the indi actually uses ATR, but since it is shown as "ADR" in the pic you referenced, and in the indi itself (see pic below), I wanted to call it by the name you used in the pic you referenced, so as not to add confusion.

I appreciate your detailed explanation. But apparently you don't know that the indicator actually has a setting which is named "DaysBack." It has nothing to do with ATR settings. It is an actual setting in the indicator that you can edit.

I'll explain how it works. Let's say, for example, you want to examine a pair's history over the previous 90 days. You set DaysBack to 90. If you then scroll back you will see no boxes drawn prior to 90 days before today's date.

That's all there is to it. It simply decides how many days of past history you want to apply the settings to and potentially draw a box. It has no effect on the height or width of the boxes drawn by the indi. It's a very simple setting with a very simple purpose.

The first pic below is a screenshot of it, to better illustrate it for you. A picture is worth a thousand words, right? I've even circled the "DaysBack" setting so it stands out.

All - I'm not sure FH understands my question. I certainly don't want to frustrate him further. Maybe someone else can help.

My question is simply this: I would appreciate anyone telling me what they have their DaysBack value set to while they tweak the ADR (or ATR) values to search for optimum box size. The reason I would like to know is because there have been discussions between FH and others about "how many boxes" seem to be optimum as they tinker with the ADR (or ATR) settings. But they never state "over what time period." Is it a week? A month? YTD?

All I am looking for is what number is entered in this setting. Not because I'm lazy - I don't need you to reach through my monitor and push buttons for me. I am well aware that I need to experiment myself to find the best combination that works for me personally. But when you discuss the "number of boxes" you get with certain pip range settings, it is meaningless outside the context of the time period in which those boxes are displayed.

Thanks, and mega pips to all!
AF
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Luck occurs when preparation meets with opportunity.
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