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  • #2,681
  • Jun 20, 2012 9:57am Jun 20, 2012 9:57am
Quoting PeetP
Hello everyone

First of all, a big big thank you to forexhard for sharing the system, mer for providing valuable insights, squalou for developing the tool, fxspin for working on enhancements as well as to everyone else involved with the thread, sharing ideas and keeping it going for so long.

I have been a silent follower of the method for a few months now, and having recently finished all my reading and compiling documentation I decided to speak up.

From my experience it's an excellent system, I particularly like how it gets rid of...
You look like you know what you are doing, so I expect you should trade this system very successfully.

For me I prefer to limit myself to the GU and EU, enough volume and potential high probability trades to make 20% a month if you are sensible about your money management

Larry
  • #2,682
  • Jun 20, 2012 10:27am Jun 20, 2012 10:27am
Quoting LarryK
You look like you know what you are doing, so I expect you should trade this system very successfully.

For me I prefer to limit myself to the GU and EU, enough volume and potential high probability trades to make 20% a month if you are sensible about your money management

Larry
Larry, could you share the mm you use with this method please???


Thanks in advance
  • #2,683
  • Jun 20, 2012 11:36am Jun 20, 2012 11:36am
Quoting LarryK
You look like you know what you are doing, so I expect you should trade this system very successfully.

For me I prefer to limit myself to the GU and EU, enough volume and potential high probability trades to make 20% a month if you are sensible about your money management

Larry
Thanks Larry, sorry to hear you had to part with you beetle - looked ace on the picture!

As far as GU and EU go - I do not trade them as much as Id like precsely due to my MM, as their CZs tend to be wider than i.e. UJ (13-14pip) or GC (<=20pip) which translates to SL being further away and so potential SL hit bringing larger loss. I understand same applies to TP being further away and hence potential gains being greater but for me (trader with ~1y experience) staying in the game and steadily building a trading fund is more important than elevating gains. Also, back testing of the pairs gave me about 65% and 67% of profitable trades (notice trades, not CZs) for EU and GU respectively, while I get numbers alike 73-75% for GC and UJ, but then I did not spend as much time on adopting the system to EU and GU as I did on i.e. UJ.

Either way, congratulations on your GU trade! Ive been busy at work and did not manage to follow the charts at all.. pitty, leaving home this morning I had CZs on GU GC and swinging move from yeasterday on UJ as far as I remember, all of which seem to have moved nicely!
  • #2,684
  • Jun 20, 2012 12:16pm Jun 20, 2012 12:16pm
Both charts show Cable M15. I'm happy not to have any trades live right now, as well as being impressed at how even these spike candles respect the far side of the extended CZ.

Folks, don't feel bad for Larry's bug going missing. I have a feeling he's using his Stairstep proceeds to move up to something nicer. Like maybe a Super Beetle!
Attached Image (click to enlarge)
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Attached Image
To improve is to change. To perfect, is to change often.
  • #2,685
  • Jun 20, 2012 12:22pm Jun 20, 2012 12:22pm
Quoting PeetP
Thanks Larry, sorry to hear you had to part with you beetle - looked ace on the picture!

As far as GU and EU go - I do not trade them as much as Id like precsely due to my MM, as their CZs tend to be wider than i.e. UJ (13-14pip) or GC (<=20pip) which translates to SL being further away and so potential SL hit bringing larger loss. I understand same applies to TP being further away and hence potential gains being greater but for me (trader with ~1y experience) staying in the game and steadily building a trading fund is more important than elevating...
I don't know how you calculate your lot size, if you are on a MT4 platform it is quite easy, % you are prepared to lose on a trade divided by the no of pips of your stop ( adjust for non usd pairs) and you can trade any pair as long as the resultant lot size is greater than your criminal's minimum.

My trade management EA looks after my trades as long as I know the buy and sell levels that I am prepared to trade, I don't have to be at my computer, but the computer must be running.

Larry
  • #2,686
  • Jun 20, 2012 12:23pm Jun 20, 2012 12:23pm
Quoting PeetP
Hello everyone

First of all, a big big thank you to forexhard for sharing the system, mer for providing valuable insights, squalou for developing the tool, fxspin for working on enhancements as well as to everyone else involved with the thread, sharing ideas and keeping it going for so long....
Welcome to SSBO Peet! (And many thanks to you Larry for stepping in.)

Peet, what strikes me most about your post is that you are still using a hand made set of boxes from Page #1 and the custom indi together. If anyone else is doing the same, I don't recall who they are. You might just be the first to mention doing it that way. That intrigues me.

I look forward to seeing more of your pics.
To improve is to change. To perfect, is to change often.
  • #2,687
  • Jun 20, 2012 12:51pm Jun 20, 2012 12:51pm
Quoting forexhard
Welcome to SSBO Peet! (And many thanks to you Larry for stepping in.)

Peet, what strikes me most about your post is that you are still using a hand made set of boxes from Page #1 and the custom indi together. If anyone else is doing the same, I don't recall who they are. You might just be the first to mention doing it that way. That intrigues me.

I look forward to seeing more of your pics.
Just came home and reviewed today's action: seems like we had a pretty profitable day - hope it went well for you all Speaking of hand drawn and indi-based boxes: here's a decent example of a box I placed this morning and why I find using both useful: UJ from today. The hand drawn box is slightly wider to spot CZs marginally too wide to be detected by indi. Worked quite well this time, and could be taken from either box with the hand drawn box providing a sooner entry signal (this depends entirely on what you define as an entry signal).
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  • #2,688
  • Jun 20, 2012 10:36pm Jun 20, 2012 10:36pm
And G/U has returned to the CZ right on cue...
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To improve is to change. To perfect, is to change often.
  • #2,689
  • Jun 21, 2012 6:12am Jun 21, 2012 6:12am
Hello,

I'm trying this system...

My trade yesterday
EURJPY +95.6pips
EURUSD -41.7pips
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  • #2,690
  • Jun 21, 2012 8:30am Jun 21, 2012 8:30am
Quoting Taiyakixz
Hello,

I'm trying this system...

My trade yesterday
EURJPY +95.6pips
EURUSD -41.7pips
Welcome to SSBO.

Right away I can tell you that your CZ settings are too loose. You need to adjust your settings, as described in the thread already, so that you only get back 2 to 3 CZ's per week over the last 100 days. Your settings now are showing twice that many. And you will have more bad trade sets as a result.
To improve is to change. To perfect, is to change often.
  • #2,691
  • Jun 21, 2012 1:37pm Jun 21, 2012 1:37pm
Both pics show the same chart. I live for these types of patterns. Two CZ's forming on the same levels, 3 days apart, and strong breakouts from each one. The top levels of the 2 CZ's missed each other by less than 5 pips even though they were formed 55 hours apart.
Attached Image(s) (click to enlarge)
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To improve is to change. To perfect, is to change often.
  • #2,692
  • Jun 21, 2012 8:37pm Jun 21, 2012 8:37pm
Quoting forexhard
Welcome to SSBO.

Right away I can tell you that your CZ settings are too loose. You need to adjust your settings, as described in the thread already, so that you only get back 2 to 3 CZ's per week over the last 100 days. Your settings now are showing twice that many. And you will have more bad trade sets as a result.
Thank you for your advice. I will adjust my settings....

EURUSD -38.1pips
I missed the next trade....
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  • #2,693
  • Jun 22, 2012 1:27am Jun 22, 2012 1:27am
What exactly does "TP_is_pips_above" and "SL"? What is the pips?
  • #2,694
  • Jun 22, 2012 1:30am Jun 22, 2012 1:30am
Attached Image
  • #2,695
  • Jun 22, 2012 2:47am Jun 22, 2012 2:47am
Quoting jako2
Attachment
The indi simulates trades, the SL is Stop Loss level in relation to the entry position, expressed either as pip count or factor of box size, or as the author of the indi said:

Quoting squalou

- added "SL" input (default=1.000);
this is a factor of the Box size, or a fixed-pips amount if greater than "TP_is_pips_above";
The SL is converted to a pip count, then applied to the trade open price;
There is no option to set the SL at the opposite CZ Box;
TP_is_pips_above is pip value defining how far from entry is the TP level.

Re. what are pips, have a read of this:
http://fxtrade.oanda.com/learn/intro-to-currency-trading/conventions/pips

Hope that helps.
  • #2,696
  • Jun 22, 2012 3:23am Jun 22, 2012 3:23am
My new settings.....
Attached Image(s) (click to enlarge)
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  • #2,697
  • Jun 22, 2012 3:33am Jun 22, 2012 3:33am
Many thanks PeetP
  • #2,698
  • Jun 22, 2012 5:48pm Jun 22, 2012 5:48pm
Quoting Taiyakixz
My new settings.....
Good job. Looks much better than before. Try to copy these results onto every M15 chart you test with, so that you never average more than 3 CZ's per week over 100 days back.
To improve is to change. To perfect, is to change often.
  • #2,699
  • Jun 23, 2012 5:36pm Jun 23, 2012 5:36pm
Thank you so much FH for the awesome job you have done with this system. I have been readind this thread for 4 days now and at the same time keeping up with new post. I have not taken any trades yet based on this system.But after backtesting it I got amasing results(between 70% and 95% win ratio, depending on the pair.) I will post if I do take live trade. I have a question though: is the indi thatTaiyakixz (http://www.forexfactory.com/taiyakixz) has on his post the last updating version? I am on page 80 and so far the last indi is different from what he has on his post (#2696.) I downloaded mine from post #1.
  • #2,700
  • Jun 23, 2012 9:01pm Jun 23, 2012 9:01pm
Quoting pinoismo
Thank you so much FH for the awesome job you have done with this system. I have been readind this thread for 4 days now and at the same time keeping up with new post. I have not taken any trades yet based on this system.But after backtesting it I got amasing results(between 70% and 95% win ratio, depending on the pair.) I will post if I do take live trade. I have a question though: is the indi thatTaiyakixz (http://www.forexfactory.com/taiyakixz) has on his post the last updating version? I am on page 80 and so far the last indi is...
I downloaded the indi from page #1. The version is v1.11.
v1.13 is uploaded on another page. What is your indi's version?
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