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  • #1,161
  • Sep 8, 2011 8:45pm Sep 8, 2011 8:45pm
Quoting forexhard
OK, but why? Have the standard M15 (or M5) signals been so unreliable for you?
I won't say "unreliable". In my line of work (trading for a bank), I'm "paid" to scalp (use up my counterparty limits). Using M15 with wider CZs just doesn't get me "excited" enough.

I prefer M5 and to get the indic to hunt for CZ ranges in the teens instead of about 30 pips.

Like I said... could be just the way my mind works. I hope y'all don't mind me chiming in from time to time. Wouldn't want my M5 charts to cloud the discussion...
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #1,162
  • Sep 8, 2011 8:52pm Sep 8, 2011 8:52pm
Not at all, chime away!
To improve is to change. To perfect, is to change often.
  • #1,163
  • Sep 8, 2011 9:34pm Sep 8, 2011 9:34pm
Break again on USD/CHF
44 for 44.....

http://i600.photobucket.com/albums/t...r/CHFbreak.jpg
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #1,164
  • Sep 8, 2011 10:39pm Sep 8, 2011 10:39pm
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 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...

Hi Wamo,
Thanks a ton for this explanation and since FH has confirmed on this, I'm working on it since then to find the optimum boxes for pairs.....a question to you, is there a better way to identify the CZ's of different pairs or are you eyeballing first, I mean to say what is your initial approach..do you apply a standard template first and then start tweaking the numbers.....??....I'm getting a lil stuck here..
  • #1,165
  • Sep 9, 2011 12:27am Sep 9, 2011 12:27am
[quote=mahnooj;4940618]Hi Wamo,
Thanks a ton for this explanation and since FH has confirmed on this, I'm working on it since then to find the optimum boxes for pairs.....a question to you....QUOTE]

mahnooj, I'm going to ask Wamo not to answer your latest post. And I am going to ask you to start again with post #1, same as I did khizer. These are very basic questions which have already been answered many times throughout the thread. If you don't understand them by now, it is because you read too fast, or that you skipped some pages to arrive here. So please, no more posts until Sunday so that you have some time to start over.

FxH
To improve is to change. To perfect, is to change often.
  • #1,166
  • Sep 9, 2011 1:10am Sep 9, 2011 1:10am
short GC, lets see if SNB can avoid intervening for once. Overbought since the spike and deserves a retrace anyway. Moves are usually big on this pair.
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TRADE FOR SWAP
  • #1,167
  • Sep 9, 2011 1:15am Sep 9, 2011 1:15am
cgldsmth, if you set your ADR to 100 your boxes will be considerably tighter. Mine are only 40 pips tall. Yours are 56. Tighter boxes translates to a stronger breakout. That's already 16 pips in my favor that you don't have. Something to consider...
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To improve is to change. To perfect, is to change often.
  • #1,168
  • Edited 1:32am Sep 9, 2011 1:17am | Edited 1:32am
Quoting forexhard
cgldsmth, if you set you ADR to 100 your boxes will be considerably tighter. Mine are only 40 pips tall. Yours are 56. Tighter boxes translates to a stronger breakout. That's already 16 pips in myfavor that you don't have. Something to consider...
of course.

adjusted ADR and box now 43pips tall. let's see how this one goes. GBP shorts shaping up everywhere.
TRADE FOR SWAP
  • #1,169
  • Sep 9, 2011 1:20am Sep 9, 2011 1:20am
Interesting to wait where cable gonna break up/down (1.5980/1.5950) ..i think gonna happen soon,maybe at London open..Good Luck !!
  • #1,170
  • Sep 9, 2011 1:53am Sep 9, 2011 1:53am
Quoting mer071898
I have Oanda MT4 too and it still does the same thing. There still must be a bug because I noticed when I have my "ShowTPLevelsOnLastBoxOnly" set to true it shows up. Then if I set it back to false, it disappears. I like to have my previous TP levels there to see if there is any confluence going on with the previous or next days levels which can indicate strong support or resistance which may help me decide to close a trade early or let it ride.

you're right Scott, i have the same problem only when bufferpips=0 AND ShowTPLevelsOnLastBoxOnly false.
I get a "zero divide" error in the journal...
Will fix it!

These top-of-the-line precision clockworks are sooooooo touchy....

Sq
  • #1,171
  • Sep 9, 2011 2:27am Sep 9, 2011 2:27am
[quote=forexhard;4940804]
Quoting mahnooj
Hi Wamo,
Thanks a ton for this explanation and since FH has confirmed on this, I'm working on it since then to find the optimum boxes for pairs.....a question to you....QUOTE]

mahnooj, I'm going to ask Wamo not to answer your latest post. And I am going to ask you to start again with post #1, same as I did khizer. These are very basic questions which have already been answered many times throughout the thread. If you don't understand them by now, it is because you read too fast, or that you skipped some pages to arrive...
Ok, Forexhard,

I'll do that, and it's true I read a bit too fast thinking it's too easy and now I'm realizing it was a mistake, was also finding it a lil hard to let go of my favorite indicators, will start over with a clean chart with no other indicators.....will come back a few days later.. Thanks for ur guidance FH.
  • #1,172
  • Sep 9, 2011 2:40am Sep 9, 2011 2:40am
Losing 20 pips on long eur/gbp..(overall still a big win this week )..want to wait for cable but i prefer to stop trading when losing to avoid emotion got into play (revenge is dangerous emotion..)..Good Luck all ! see u nx week guys..
  • #1,173
  • Sep 9, 2011 3:06am Sep 9, 2011 3:06am
Quote
Mer071898

I have followed your thread on London BO v2 (great work there btw).

I was just wondering about TP targets for FH's system. Do you trade this system similar to your London BO system (multiple trades with diff targets based on fib)?

Classic case last night on EURJPY. Booked approx 30 pip profit which I'm happy with, but note price went 70 pips further. Got me thinking about the multiple trade process and taking profit at various fib levels.

Anyway - just interested on your TP strategy if you are happy to share...

Thanks
Right now, I am testing only as I want to determine an average amount of reversal that I'll run into. So far, it looks pretty good but the is still plenty of testing to go.

Quote
Scott,
Check to see if you have global variables that need deleted maybe.
Otherwise, yeah probably just a corrupted or poorly compiled indy.
Yeah taz, that's one of the first things I tried. I deleted and reloaded the indy and it still does the same damn thing, the boxes disappear when I have "BoxBufferPips" to 0 and "ShowTPLevelsOnLastBoxOnly" is set to false, can't figure it out so I still think it's a small bug in the code somewhere.

Quote
you're right Scott, i have the same problem only when bufferpips=0 AND ShowTPLevelsOnLastBoxOnly false.
I get a "zero divide" error in the journal...
Will fix it!

These top-of-the-line precision clockworks are sooooooo touchy....

Sq
Whew! I thought I was going crazy there! Will be looking for the fix.
  • #1,174
  • Sep 9, 2011 3:13am Sep 9, 2011 3:13am
Everyone: Khizer has just started a copycat thread after being asked to wait until Sunday to post any more in here. He couldn't wait that long I guess, so he started his own Stairstep thread. Bad idea.

I am asking all of my regular members to boycott that thread and to let it die quickly. There is nothing positive or original going on over there, and I have alread told Khizer that I will not be participating there either. The work he hopes to do, we are already doing, and better. This is my system, after all.

You are free to post there, of course. But if you do, then I expect you to stop posting in here with me. Pick a side: The Originator, or the Copycat.

No trash talking, either, please. Khizer is always welcome to return once he understands the system better. But he can't have it both ways, and neither can anyone else.

FxH
To improve is to change. To perfect, is to change often.
  • #1,175
  • Sep 9, 2011 3:20am Sep 9, 2011 3:20am
Quote
Losing 20 pips on long eur/gbp..(overall still a big win this week )..want to wait for cable but i prefer to stop trading when losing to avoid emotion got into play (revenge is dangerous emotion..)..Good Luck all ! see u nx week guys..
Just my opinion here but Eur/Gbp is not a very big trending pair so you are not going to get large CZs which can be a problem if you see spikes or if you even get a medium news event it will play havoc to your trading. I know a lot of people trade it because of the higher pip value you receive, but that shouldn't be the main reason to trade. If you are trading the pair successfully, then congrats and just tell me to shut the hell up.

Quote
Everyone: Khizer has just started a copycat thread after being asked to wait until Sunday to post any more in here. He couldn't wait that long I guess, so he started his own Stairstep thread. Bad idea.
Khizer who???? Oh, I'm sorry, I must have forgotten about him already.
  • #1,176
  • Sep 9, 2011 3:48am Sep 9, 2011 3:48am
@ Mer I think it's one of the problem for newbie like me who spend too much time in front of the screen..PATIENT + DISCIPLINE vs ITCHY FINGERS ..I only trade eur/usd & cable/usd ..but out of nowhere OP this eur/gbp which i never analyzed..lol..
@ FH : i'm quite surprised to see someone open thread based on other guy's system,without the owner permit or asking first..People should respect guys like FH who spend time to open thread based on their system & if the system not fit to our style then just leave (Not complain or mocking the system)..just my opinion..

Good Luck !
  • #1,177
  • Edited 4:02am Sep 9, 2011 3:48am | Edited 4:02am
DEMO
2 overlapping CZ's
No 3 of the test :
USD/CHF 1st CZ's today failed! (lost 44 pips)
No 4 of the test :
Got USD/CHF 2nd CZ's shortly after......looking 54 for 54......

http://i600.photobucket.com/albums/t...ZsonUSDCHF.jpg
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #1,178
  • Sep 9, 2011 4:04am Sep 9, 2011 4:04am
You know what? Before this system, I only traded AUDUSD, EURUSD, and cable mostly when I scalp... Now I'm finding myself looking at more pairs with more confidence, and less micro-management.

As for the copycat thread, my two cents is I'd just leave it alone. Natural selection will take care of the rest. Most people will know quality if they see it. They'll just know.

Quoting andri66
@ Mer I think it's one of the problem for newbie like me who spend too much time in front of the screen..PATIENT + DISCIPLINE vs ITCHY FINGERS ..I only trade eur/usd & cable/usd ..but out of nowhere OP this eur/gbp which i never analyzed..lol..
@ FH : i'm quite surprised to see someone open thread based on other guy's system,without the owner permit or asking first..People should respect guys like FH who spend time to open thread based on their system & if the system not fit to our style then just leave (Not complain or mocking the system)..just...
I'm not trying to convince anyone. I'm not in the "convincing" business.
  • #1,179
  • Edited 4:29am Sep 9, 2011 4:15am | Edited 4:29am
Quote
DEMO
2 overlapping CZ's
No 3 of the test :
USD/CHF 1st CZ's today failed! (lost 44 pips)
No 4 of the test :
Got USD/CHF 2nd CZ's shortly after......looking 54 for 54......
Roels, Usd/Chf is a weaker pair, so you want smaller CZ's on this pair. Mine is set to 26 bars and you should bump up your ADR period to 100. Even though my ADR factor is higher than yours (mines at .236), I still get a tighter box and you can obviously see the results as it would've went through 6 TP levels.
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  • #1,180
  • Edited 4:50am Sep 9, 2011 4:35am | Edited 4:50am
Quoting mer071898
Roels, Usd/Chf is a weaker pair, so you want smaller CZ's on this pair. Mine is set to 26 bars and you should bump up your ADR to 100. Even though my ADR factor is higher than yours (mines at .236), I still get a tighter box and you can obviously see the results as it would've went through 6 TP levels.
Thanks for the advise mer....
You have 3.3 per week at 28p.....i got 3.4 per week at 33p..... your box tighter than me.....

But i don't use trailing stop anymore on this system....i prefer looking for 1:1 R/R to set the only one TP as i realise this system could be 90% accurate for 30-50 pips TP per breakout as my observation so far....on the last two months on GU.....Not looking for many pips that we can reach but looking for taking history to my set that comfort me now to trade before take advance to another setting....

Note : Oh ya for my setting i have count (just on GU) there were 13 breakouts on (4W 9L) on July, 13 breakouts on August (12W 1L), and so far 5 breakouts on Sept (4W 1L)......
fooled by randomness in art
Meditation All Time Return: 8.9%
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