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  • #1,181
  • Sep 9, 2011 5:53am Sep 9, 2011 5:53am
Forexhard & some seniors.

Can someone post the best settings for ATRperiod & ATRfactor for following pairs for us novices please ?? We are using M15 charts.

EURUSD
GBPUSD
USDCHF
EURCHF
AUDUSD
NZDUSD
USDCAD
EURGBP

Your experience and knowledge with forex trading is tremendous & your work and sharing is really appreciated.

This is just so us newbies do not get lost trying to change & tinker the settings and find different boxes that may be completely against the original system

I tried ATRperiod of 150 & factor 0.2 on EURUSD on my live ECN account and I got 21 boxes (3.0 per week), with each box approx 31pips in height. I also changed min bars closed outside to 1. I would need senior's blessings to approve if such settings are approved for live trading.

I still seem to be lost with the STOPLOSS, I did ask it earlier in the thread as well. What is recommended stoploss.

Thanks in advance for your help.



Quoting RoelsMajor
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...
If you want your dreams to come true, you better wake up !!!
  • #1,182
  • Sep 9, 2011 6:23am Sep 9, 2011 6:23am
Quoting sashadeol
Forexhard & some seniors.

Can someone post the best settings for ATRperiod & ATRfactor for following pairs for us novices please ?? We are using M15 charts.

I still seem to be lost with the STOPLOSS, I did ask it earlier in the thread as well. What is recommended stoploss.
Spoon feeding is not what this thread is about. FH has said over and over that he wants people to read the thread and find settings that work for themselves. The information you want regarding stoploss positioning is in the thread plain as day.
You are in a maze of twisty little passages, all alike.
  • #1,183
  • Sep 9, 2011 7:05am Sep 9, 2011 7:05am
Thanks Steve for your quick revert.

Although I did not mean to be spoon fed or bottle fed for that matter. All I asked for what settings work best for seniors, such that we newbies do not loose direction or give up hope. Nothing wrong or bad in asking. I have read the thread, followed it since long, have checked other breakout systems as well. I think Forexhard & Squalao are really good mentors and teachers.

By trying to shut up the newbies, I do not see what good a forum would be, why not make it a private thread then, where no newbie is permitted to ask or raise a concern? Just a thought, if you think this thread is exclusively for seniors.

By the way, Imran, I tested your settings on M5 charts as per your earlier thread, looked promising. Nice efforts and thanks for sharing.

Thanks again to Forexhard & Squalao, really nice work !! & no hard feelings stevegee58.

Quoting stevegee58
Spoon feeding is not what this thread is about. FH has said over and over that he wants people to read the thread and find settings that work for themselves. The information you want regarding stoploss positioning is in the thread plain as day.
If you want your dreams to come true, you better wake up !!!
  • #1,184
  • Sep 9, 2011 7:30am Sep 9, 2011 7:30am
Quoting stevegee58
Spoon feeding is not what this thread is about. FH has said over and over that he wants people to read the thread and find settings that work for themselves. The information you want regarding stoploss positioning is in the thread plain as day.
please keep your F%^&9ing seniority to your self,if u dont want to reply keep silent let other share the knowledge and grow.
Trade responsiblypatience is the key/Swing trader
  • #1,185
  • Sep 9, 2011 7:42am Sep 9, 2011 7:42am
Quoting Incrediblle
please keep your F%^&9ing seniority to your self,if u dont want to reply keep silent let other share the knowledge and grow.
I simply said what FH (the thread/system originator) would have said.
Feel free to cuss him out too if you'd like and feel free to continue posting to the copycat thread that FH said he didn't approve of.
You are in a maze of twisty little passages, all alike.
  • #1,186
  • Sep 9, 2011 7:54am Sep 9, 2011 7:54am
Quoting stevegee58
I simply said what FH (the thread/system originator) would have said.
Feel free to cuss him out too if you'd like and feel free to continue posting to the copycat thread that FH said he didn't approve of.


smdiu
Trade responsiblypatience is the key/Swing trader
  • #1,187
  • Sep 9, 2011 7:58am Sep 9, 2011 7:58am
Here is yet another version of the indi!

This one will show the CZ boxes stretching until the breakout occurs, so you you can now see immediately how long each CZ box gets;

I fixed the possible zero devide error when BoxBufferPips=0, which would disable/hide the indicator;

On the "cosmetic" side:
the signal arrows are now placed at the left of the entry candle, and point to the exact entry price;
they are configurable in colors and type of arrow thru new inputs Buy/SellSignalArrowCode/Color;
Note that i now plot them as objects rather than 2 "buffers", because that's the only way to use those arrow codes that points exactly to where you want them to point, and unfortunately, they cannot be different from the arrows that MT4 uses to plot the trades on the chart, so you may get confused when showing both...
use different colors, that's the best i can suggest!

BO and BOCont lines are now adjusted to where they should be starting/ending;


@FH: regarding your point 1b:

Quote
1b. Make it so that the CZ height is a maximum value, not a static one. The CZ should be allowed to be any height, so long as it never goes over the prescribed maximum. Many times the actual CZ height will become less than the prescibed maximum.
If we allow the CZ to be drawn with a smaller height/range, then it will most probably grow taller as more subsequent candles keep breaching the currently drawn box, until it grows to its maximum allowed range.
What happens if price breaks a "small" box+buffer, however the adjusted box range would still be smaller than its max ?
Would you take that breakout as a trading signal, or would you wait until the max range is reached ?...



Attached Image (click to enlarge)
Click to Enlarge Name: 2011-09-09_144438.gif Size: 14 KB



SQ
Attached File(s)
File Type: mq4 sqDynamicBreakoutBox.mq4   39 KB | 1,334 downloads
  • #1,188
  • Sep 9, 2011 8:16am Sep 9, 2011 8:16am
Thanks Squalou for your generousity. Great tool .

I found out that the TP levels are not shown in previous CZs even when the ShowTPLevelsOnLastBoxOnly is set to False. Infact it makes the boxes not to show at all!. Please check

Quoting squalou
Here is yet another version of the indi!
.......
as a trading signal,...
  • #1,189
  • Sep 9, 2011 8:27am Sep 9, 2011 8:27am
Quoting fosters
Thanks Squalou for your generousity. Great tool .

I found out that the TP levels are not shown in previous CZs even when the ShowTPLevelsOnLastBoxOnly is set to False. Infact it makes the boxes not to show at all!. Please check
I don't have that...
the zero divide error should be fixed, which was causing it.

Try reloading the indi (just ctrl-I > select sqDynamicBreakoutBox > Edit > OK > Close).


Sq
  • #1,190
  • Sep 9, 2011 8:30am Sep 9, 2011 8:30am
No 4 of the test Success!!
USD/CHF 2nd CZ's......looking 54 for 54......

http://i600.photobucket.com/albums/t...tessuccess.jpg
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #1,191
  • Sep 9, 2011 8:36am Sep 9, 2011 8:36am
Hi SQ, seventy year old traders need bigger arrows than that, very hard to see.
  • #1,192
  • Sep 9, 2011 8:47am Sep 9, 2011 8:47am
fixed. thanks.
Quoting squalou
I don't have that...
the zero divide error should be fixed, which was causing it.

Try reloading the indi (just ctrl-I > select sqDynamicBreakoutBox > Edit > OK > Close).


Sq
  • #1,193
  • Sep 9, 2011 9:41am Sep 9, 2011 9:41am
I do like SQ's New code I do not think I will go for the New New One.

FX Hard's Method keeps giving - 2 OK trades by this Method

GBP - Good Trade - CAD - Okey Dokey

Most times If I see good MO MO heading to the BO line - I take it at the line and do not wait for 2nd bar to close. Just depends.

Seems to work real well - If the PA was rejected at the other end of the box - immediately preceeding this BO.

These are the only things I saw this morning - Except a SR trade I took on EUR.

Thanks FX Hard and SQ - Everybody have a great Weekend
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 15 KB
Click to Enlarge Name: cad.gif Size: 14 KB
  • #1,194
  • Sep 9, 2011 10:07am Sep 9, 2011 10:07am
Quoting johnvr
Hi SQ, seventy year old traders need bigger arrows than that, very hard to see.

:nerd: ?

not so funny i know....

MT4 won't allow the "trading arrows" to plot any bigger...

2 solutions that i can see:

- select the "Bar chart" type of display instead of "Candlesticks" for your chart; this will highlight the arrows and make them easier to see;

- or, you can change the SignalArrowCode inputs from 2 to 241 (Buy) and 242 (Sell);
This will plot the same up and down arrows as in the previous version,
BUT the down arrow will not point to the entry price anymore, but rather a bit below it (in fact the "top" of the Down arrow is at the entry price value).
Use 233 and 234 to plot solid arrows;
You can actually choose any values from the "Wingdings" font;

Attached Image (click to enlarge)
Click to Enlarge Name: Wingdings.JPG Size: 73 KB


Sq
  • #1,195
  • Sep 9, 2011 10:16am Sep 9, 2011 10:16am
On a barr chart it is great and clear, can be seen from the space shuttle, Thanks.
  • #1,196
  • Sep 9, 2011 10:24am Sep 9, 2011 10:24am
Quoting forexhard
Squalou, unless I am missing something (always a possibility), the arrows are pointing to the wrong part of the trade/open candle. Seems to me they are pointing to the candle open instead of the close. Please advise.
FxH, in your picture, the arrow is on the open of the candle following the two consecutive closes above the buffer line. Isn't that exactly where it should be - close of second candle = open of third?

Edit: nevermind, I see you noted it now.
  • #1,197
  • Edited 10:43am Sep 9, 2011 10:30am | Edited 10:43am
Coffee...need more coffee...got no sleep last night...where's my coffeee...........

Squalou, great work. Love how you added the digbat library. Very cool!

The pic shows two issues. The red arrow is on the correct pip value, but is too far to the right... basically pointing to the 4th candle instead of the 3rd. And the green arrow is missing altogether.
Attached Image (click to enlarge)
Click to Enlarge Name: missing arrow.gif Size: 88 KB
To improve is to change. To perfect, is to change often.
  • #1,198
  • Sep 9, 2011 10:42am Sep 9, 2011 10:42am
@FH - thanks for sharing!

@ tcp23 - thanks for guidance, spent 1 hour to find optimum setting for each pair that I look at

@ sq - thanks for updated indy - question: now that I fine-tuned settings for each individual pair, what is most economical way to update new version of indy (without re-doing the whole shebang?

@sq - not pushing or anything, any news on EA release date?

Cheers
  • #1,199
  • Sep 9, 2011 11:04am Sep 9, 2011 11:04am
For some reason, this CZ box does not show up on our charts at M15.
When time frame changed to H1, it shows up. I have 3 other traders and using Oanda, FXCC, Finfx, HOtforex platforms, all of them do not show this CZ box on M15, but only on H1.


Quoting forexhard
Coffee...need more coffee...got no sleep last night...where's my coffeee...........

Squalou, great work. Love how you added the digbat library. Very cool!

The pic shows two issues. The red arrow is on the correct pip value, but is too far to the right... basically pointing to the 4th candle instead of the 3rd. And the green arrow is missing altogether.
If you want your dreams to come true, you better wake up !!!
  • #1,200
  • Sep 9, 2011 11:14am Sep 9, 2011 11:14am
Quoting mobthehop

@ tcp23 - thanks for guidance,
Please don't thank me. I was simply reminded of an important point by The Master, and thought I would publicly humiliate myself for not having made the adjustments sooner.
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