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  • #1,121
  • Sep 8, 2011 5:56am Sep 8, 2011 5:56am
Khizer, please take a good look at this picture. Notice that the CZ has 2 parts. Not all of it is called the CZ. This should clear up most of your issues. We must all be speaking the same language to be understood.
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To improve is to change. To perfect, is to change often.
  • #1,122
  • Edited 6:19am Sep 8, 2011 6:00am | Edited 6:19am
Second demo succeed....

Actually if did not use the EA Lock Profit I could gain Reward Risk 2:1.....the breakout exceed 100 pips....1st target 42 pips locked after 47 pips profit but 5 pips buffer on trailing stop did not help the quick fluctuation of the prices....
so the second target 84 pips is out of the table on this condition....

http://i600.photobucket.com/albums/t...uaberhasil.jpg

http://i600.photobucket.com/albums/t...ajor/cache.jpg

http://i600.photobucket.com/albums/t...or/another.jpg
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #1,123
  • Sep 8, 2011 6:01am Sep 8, 2011 6:01am
Quoting Bary
I think my question was overlooked as I posted it the same time as SQ released the updated indi.
Question: What is the best way to find the best setting for a particular pair.
Are we supposed to look at the results box to optimize the settings. The higher the total buy/sell pips are the better?

I know FxD said we want less than 40 boxes in 100 days, also no more than a 30 pip range for the CZ. But you also said the box length should be at least 24 and the ADR 100/.2 If I use those settings I end up with very few CZ’s and then my chart...
You will want to get breakouts with more pips per breakout .. so the rule is quality over quantity, so try to get higher avg buy/sell pips. Cos u can have settings that rake in high total pips for the duration (default set at 100) with a ton of boxes plastered on your chart, but the avg buy/sell pips are low, i would rather have settings that get me at least 80-100 pips per breakout and just aim for 50% of that, so around 40-50 pips conservatively. Even better , just aim for 20 pips, its close to like 80-90% achievable.
You gotta know when to hold 'em, know when to fold 'em ...
  • #1,124
  • Sep 8, 2011 6:02am Sep 8, 2011 6:02am
Wow been waiting for this New York breakout of the last box!

My target was 27 pips ..

Thanks Squal - great signal

ECFOREX
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I Love Pips - Lots of Pips
  • #1,125
  • Sep 8, 2011 6:06am Sep 8, 2011 6:06am
Quoting Bary
I think my question was overlooked as I posted it the same time as SQ released the updated indi.
Question: What is the best way to find the best setting for a particular pair.
Are we supposed to look at the results box to optimize the settings. The higher the total buy/sell pips are the better?

I know FxD said we want less than 40 boxes in 100 days, also no more than a 30 pip range for the CZ. But you also said the box length should be at least 24 and the ADR 100/.2 If I use those settings I end up with very few CZ’s and then my chart...
Bary,

I'm no senior when it comes to trading this system, but I will tell you what I did. I have noted FxH's comments about not having too many CZs, so I decided that I wanted an average of two CZs per week, for each pair that I am monitoring. I also noted FxH's comments that CZs should never be taller than 30 pips. With these two notes, I customized the settings for each pair I trade like so:

With everything else using the default settings, I set the DaysBack and AutoBoxRangeDailyATRPeriod to 100, as suggested by FxH. I then adjusted the AutoBoxRangeDailyATRFactor until my CZs were averaging 30pips tall, without any larger than 30 pips. I then adjusted BoxLength until I got an average of 2 Boxes per week (shown on the indicator's display panel).

I cannot confirm that what I did was correct. I can only say that now I have fewer boxes (averaging 2 per week) and they are all 30 pips or slightly under.
  • #1,126
  • Sep 8, 2011 6:09am Sep 8, 2011 6:09am
Quoting squalou
Yes, valid entry as per the 2-consecutive-candles-close rule;

Re-entries are up to you.
You may want to take the 2nd, 3rd, etc signals, as you wish.

There are enough CZ boxes around the pairs to just take the 1st one and then wait for tomorrow...

Although we can see that many times the CZ gets re-tested, and give some additional good trades.

Sq
Nice catch Squalou....
This is the picture of the signal in different time but still in one CZ's and extension.....
(But i prefer the signal comes from 30M to be valid on 15M....)
It would give some addition of pips....

http://i600.photobucket.com/albums/t...hreeSignal.jpg

Warning : Use at your own risk!
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #1,127
  • Sep 8, 2011 6:14am Sep 8, 2011 6:14am
This system users has different sl, even forexhard place sl at 25pips.
but my mm allow me to place sl far away from any one expectations (because of why i placed sl out side of box means at buffer line)


Quoting sashadeol
What was your Stop loss? 20 pips ? or other side of the CZ box ?

Can any senior help define what should be the stop loss when using this system? Thanks.
Trade what you see, Not what you think.
  • #1,128
  • Sep 8, 2011 6:15am Sep 8, 2011 6:15am
Thx Wamo and Nitrate for responding. I will give that a try and back test abit.
Barry
  • #1,129
  • Sep 8, 2011 6:15am Sep 8, 2011 6:15am
Quoting Wamo
Bary,

I'm no senior when it comes to trading this system, but I will tell you what I did. I have noted FxH's comments about not having too many CZs, so I decided that I wanted an average of two CZs per week, for each pair that I am monitoring. I also noted FxH's comments that CZs should never be taller than 30 pips. With these two notes, I....
Wamo, this post proves 2 things: I was wrong for ever doubting you, and that my instructions up to this point have been crystal clear to anyone willing to slow down and take the time to read what I have written.

The information is already here people. You just have to go and find it like Wamo did. If it's worth trusting your life savings to, it's worth the time it takes to dig it up and not expect me, Scott, or Squalou to hand it to you on a silver platter. Do your due dilligence!!! The thread isn't that long. You can read it in a weekend. It's not fair to me or Squalou if you enter at this point and expect to be spoon fed -- but most of all, it's not fair to YOU. You're only cheating yourself in the long run.
To improve is to change. To perfect, is to change often.
  • #1,130
  • Sep 8, 2011 6:20am Sep 8, 2011 6:20am
thats nice to see your positive results, I think during news not good to trade.


Quoting RoelsMajor
Second demo succeed....

Actually if did not use the EA Lock Profit I could gain Reward Risk 2:1.....the breakout exceed 100 pips....1st target 42 pips locked after 47 pips profit but 5 pips buffer on trailing stop did not help the quick fluctuation of the prices....
so the second target 84 pips is out of the table on this condition....

http://i600.photobucket.com/albums/t...uaberhasil.jpg

http://i600.photobucket.com/albums/t...ajor/cache.jpg

http://i600.photobucket.com/albums/t...or/another.jpg...
Trade what you see, Not what you think.
  • #1,131
  • Sep 8, 2011 6:21am Sep 8, 2011 6:21am
Noted! Thank you


Quoting forexhard
Khizer, please take a good look at this picture. Notice that the CZ has 2 parts. Not all of it is called the CZ. This should clear up most of your issues. We must all be speaking the same language to be understood.
Trade what you see, Not what you think.
  • #1,132
  • Sep 8, 2011 6:33am Sep 8, 2011 6:33am
Simple this, thank you Squalou and FH for updated indicator.
  • #1,133
  • Sep 8, 2011 6:37am Sep 8, 2011 6:37am
I am becoming worried at all of the impulse trading I am seeing over the last couple of days. Over-trading is for losers. Don't be one.
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To improve is to change. To perfect, is to change often.
  • #1,134
  • Sep 8, 2011 7:00am Sep 8, 2011 7:00am
Quoting mahnooj
Hi, my first post here, would be grateful if some of the more experienced students of this method could clarify. while comparing FH's example chart with mine I found the last white candle(marked with the arrow) closed just below the bufferline making this a valid entry for me and would have lost this trade but FH's chart has saved him the trade. not getting where I'm going wrong........sorry posting this a bit late as I'm just catching up with this incredible method.
Not to take away or discredit from what Roels Major said about the feed but that's not exactly what forexhard meant when he said he was safe from a trade in that picture

Because he didnt see two consecutive closes below the buffer line (in this case two consecutive downward or red candles) he didnt execute a trade.

Wait for two consecutive of the same "color" or "direction" outside the buffer line and then look to execute.

Hope this helps you
Anderson
  • #1,135
  • Sep 8, 2011 7:05am Sep 8, 2011 7:05am
Quoting AndersonAlex
....Wait for two consecutive of the same "color" or "direction" outside the buffer line and then look to execute.
Anderson
Sorry Anderson, but candle color is not part of this system. I only count the candle close, not the color. Candles could all the the same color as far as I'm concerned. All I'm looking for is a confirmed momentum/sentiment beyond the buffer line.
To improve is to change. To perfect, is to change often.
  • #1,136
  • Sep 8, 2011 7:10am Sep 8, 2011 7:10am
Quoting forexhard
Sorry Anderson, but candle color is not part of this system. I only count the candle close, not the color. Candles could all the the same color as far as I'm concerned. All I'm looking for is a confirmed momentum/sentiment beyond the buffer line.
Yeah.. I was kinda ansy about saying color for just the reason of people making candles the same color...which IMO is crazy. I just tried to simplify it based on that specific picture for him as he seemed a little confused.


Anderson
  • #1,137
  • Sep 8, 2011 7:17am Sep 8, 2011 7:17am
got your point!
you mean 1 trade in one CZ in first brake, as you indicate in green!


Quoting forexhard
I am becoming worried at all of the impulse trading I am seeing over the last couple of days. Over-trading is for losers. Don't be one.
Trade what you see, Not what you think.
  • #1,138
  • Sep 8, 2011 7:24am Sep 8, 2011 7:24am
Quoting forexhard
All I'm looking for is a confirmed momentum/sentiment beyond the buffer line.
Yesterday I entered a trade on what I believed to be what you are referring to above.

Trade; Sold after second close below the 5973 buffer line.
Though it wasn't my ideal two consecutive closes it IMO was a confirmed momentum beyond the buffer line

It was a profitbale trade but was it inline with the method?

Anderson
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  • #1,139
  • Sep 8, 2011 7:25am Sep 8, 2011 7:25am
Khizer, at this point I am recommending that you go back to post #1 and start again. You seem to be in too much of a hurry, and you are getting too much of the basic stuff wrong. You are not in the same place as the rest of us, but that is not our fault. So please, do me this favor. Take the rest of the week off from trading and read. Just shut down your trading platform, and forget you even have a Squalou indicator, and start the thread over. Trust me, on Sunday you will feel like a new man!

OK? No more posts from you until Sunday. See you then...
To improve is to change. To perfect, is to change often.
  • #1,140
  • Sep 8, 2011 7:45am Sep 8, 2011 7:45am
Quoting AndersonAlex
Yeah.. I was kinda ansy about saying color for just the reason of people making candles the same color...which IMO is crazy. I just tried to simplify it based on that specific picture for him as he seemed a little confused.


Anderson
Thanks Anderson, for the time taken to clarify.... I must say the charts you are posting are truly helpful, since you are manually doing these boxes it helps me to replicate the same and learn..
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