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  • #2,701
  • Jun 23, 2012 10:02pm Jun 23, 2012 10:02pm
t'm working with version 1.11. I just found the v.13 after an extensive reading on page 97 (post #1443). there is also an correction made to it by diffrent person (not sq) on page 100 (post #1498) that I am not sure it is a valid correction, is it FH?
  • #2,702
  • Jun 25, 2012 2:03am Jun 25, 2012 2:03am
There is a very nice setup on GU right now.

Only problem for the day is an almost total lack of economic news

Larry

PS has just BO short
  • #2,703
  • Jun 25, 2012 2:12am Jun 25, 2012 2:12am
Quoting pinoismo
t'm working with version 1.11. I just found the v.13 after an extensive reading on page 97 (post #1443). there is also an correction made to it by diffrent person (not sq) on page 100 (post #1498) that I am not sure it is a valid correction, is it FH?
The only one I am working with is v1.12.

Have no idea which one it is or where it is but if you want it here it is.
Attached File(s)
File Type: mq4 sqDynamicBreakoutBox v 1.12.mq4   39 KB | 1,434 downloads
  • #2,704
  • Jun 25, 2012 2:14am Jun 25, 2012 2:14am
Me too, Larry. I'm right there with you. A fresh CZ, and just 12p tall! Let's make some pips tonite!
Attached Image
To improve is to change. To perfect, is to change often.
  • #2,705
  • Jun 25, 2012 2:17am Jun 25, 2012 2:17am
And this is how my last E/U CZ looks like now.
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To improve is to change. To perfect, is to change often.
  • #2,706
  • Jun 25, 2012 2:35am Jun 25, 2012 2:35am
Quoting forexhard
And this is how my last E/U CZ looks like now.
I missed that BO, bit too early, i don't like it when it breaks long before London and no news either to except the latest Greek pronouncements from Germany
  • #2,707
  • Edited 2:37pm Jun 26, 2012 1:42pm | Edited 2:37pm
Here's a pic of my last 2 CZ's.

Never forget that in SSBO, the "BO" stands for breakout.
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To improve is to change. To perfect, is to change often.
  • #2,708
  • Jun 26, 2012 6:54pm Jun 26, 2012 6:54pm
Thank you again Mr. FxH. I am very happy because it seems I am seeing the same CZ's you are and I only go manual and draw boxes freehand. I really like this system. Thank you.
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  • #2,709
  • Jun 26, 2012 7:02pm Jun 26, 2012 7:02pm
Here's my most recent GBPCHF - easy 50+pip at hardly 6.5p drawdown. The box to the right is yet another nice CZ in the making. My setups also show boxes forming on UJ and GU - looks like there will be some breakouts today Good luck everyone!
Attached Image (click to enlarge)
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  • #2,710
  • Jun 26, 2012 10:51pm Jun 26, 2012 10:51pm
Quoting PeetP
Here's my most recent GBPCHF - easy 50+pip at hardly 6.5p drawdown. The box to the right is yet another nice CZ in the making. My setups also show boxes forming on UJ and GU - looks like there will be some breakouts today Good luck everyone!
Hi Peet

What is you experience with this pair, does it give good trades with a decent run when it does BO

Larry
  • #2,711
  • Jun 27, 2012 12:10am Jun 27, 2012 12:10am
This is going to be some kind of crazy week! I'm currently plotting confirmed CZ's on at least 7 pairs right now!
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To improve is to change. To perfect, is to change often.
  • #2,712
  • Jun 27, 2012 1:52am Jun 27, 2012 1:52am
Quoting forexhard
This is going to be some kind of crazy week! I'm currently plotting confirmed CZ's on at least 7 pairs right now!
Hi FXH

Do you trade them all if they are valid for your own rules, and how do you cope with a bad day for them all?

Larry
  • #2,713
  • Jun 27, 2012 2:37am Jun 27, 2012 2:37am
Hey Larry.

I never really trade positively correlated pairs. Since G/U M15 is my all-time favorite chart, it has become my default baseline against which all other pairs or TF's are compared. You don't need to spread your risk across multiple charts in order to be successful at this game. 50 pips played the right way on a single chart can earn as much as 300p spread across several. What I recommend is having maximum confidence in one chart only, and then occasionally step outside of it only when necessary. For me, that go-to chart is Cable M15. Everyone should have one.
To improve is to change. To perfect, is to change often.
  • #2,714
  • Jun 27, 2012 6:51am Jun 27, 2012 6:51am
Quoting LarryK
Hi Peet

What is you experience with this pair, does it give good trades with a decent run when it does BO

Larry

Larry,

I like GC the most of all pairs I tried, that's probably because I spend the most time optimising the strategy for it. Overall, yes, Id say it gives a decent run but sometimes reverses as well - like all the pairs. I do not worry about that too much as I try to trade the CZ upto 4 times (if 3 previous were all loss, or more if previous positions were closed in profit) applying different position sizes - which seems to be the very key area to focus on once you determine what constitutes a decent CZ... I am currently working on finding the "sweet spot" position sizes for each trade number taken from the CZ i.e. the preferable position size for trade#1 etc... tough work!

Once again, thanks Forexhard for sharing the system
  • #2,715
  • Jun 27, 2012 11:59am Jun 27, 2012 11:59am
Here are those same 7 charts a few hours later. And G/U has once again out-performed them all.
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Click to Enlarge Name: gu.gif Size: 75 KB
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To improve is to change. To perfect, is to change often.
  • #2,716
  • Jun 27, 2012 2:17pm Jun 27, 2012 2:17pm
Quoting forexhard
Here are those same 7 charts a few hours later. And G/U has once again out-performed them all.
Hi, forexhard. I just read your post on Trumpcard thread and decide to look yours.

Quoting LarryK
Hi FXH

Do you trade them all if they are valid for your own rules, and how do you cope with a bad day for them all?

Larry
Hi, Larry. I just read your indie and I think we could simplify something if you want to look at consolidation area. Look at my chart, I think you could understand what I am thinking at first sight.

Btw, just ignore the EA. It was me diggin to my old concept of free ride after reading Trumpcard idea.

PS: The last one is not qualified but we could apply some filter there.
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  • #2,717
  • Jun 28, 2012 2:13am Jun 28, 2012 2:13am
Quoting Passerby
Hi, forexhard. I just read your post on Trumpcard thread and decide to look yours.



Hi, Larry. I just read your indie and I think we could simplify something if you want to look at consolidation area. Look at my chart, I think you could understand what I am thinking at first sight.

Btw, just ignore the EA. It was me diggin to my old concept of free ride after reading Trumpcard idea.

PS: The last one is not qualified but we could apply some filter there.
My friends will tell you I am a bit thick.

I have no idea what your chart is supposed to tell me, you will have to explain, but just remember this is the SSBO thread, so keep it on subject.

Larry
  • #2,718
  • Jun 28, 2012 9:06am Jun 28, 2012 9:06am
I took two nice trades today (thanks Larry for pointing me towards GBPCHF).

GBPCHF: I opened up my charts this morning and price had re-entered an earlier CZ. Entered at the long break and took profits at 150% of the box size.

GBPUSD: Took a short entry after price closed back inside the CZ this afternoon, but got stopped out on the first trade (my SL was a couple of pips from the top of the box). I re-entered short around two hours later and took profit at the 150% box size (1.5519). I increased my % risk slightly on the second trade with a reduced stop loss. This payed back the initial loss and gave me about 70% of my original target.

Overall, +1.60% for the day. Well above my target :-)

It's really interesting to see the different ways this system is being traded. I love the way it makes you think hard and devise your own plan rather than just following someone else blindly. For me, it's been a huge lesson in money management for which I am very grateful. It's also extremely inspiring to see lots of people having success. Keep it up!

Sue
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  • #2,719
  • Edited 9:33am Jun 28, 2012 9:23am | Edited 9:33am
- If ATR hook down, the box will be drawn in the next bar.
- If ATR make new high the box canceled.
- The end of the box is determined when MA of ATR(yellow line) is hooking up.
- After the MA is hooked up break is imminent.

I found somehow this method is accurate to find consolidation area.

Can you please, specify the ATR and MA parameters and MA type?
I think there is something positive in your idea. Managed to check it on today EURGBP chart ATR 20 and SME 21 and it looks OK
  • #2,720
  • Jun 28, 2012 9:45am Jun 28, 2012 9:45am
Quoting Passerby
I must admit that I put the silver line in a wrong place, but the idea is simple. You want to recognize consolidation zone in your indicator and draw a box around it. From what I look from the code it search for a maximum and minimum value within some range(determined by daily atr), then set a certain value limit. I use the same logic to search for such zone in the past. Then I got this idea, it's simple I just use iATR. First price move one way and while it's moving it makes a new high/low and because of how ATR calculated it is natural that ATR...
I will let FXH decide if he thinks this is off topic, it seems to be OK.

I prefer to predefine the parameters of my CZ's, then trade accordingly, your boxes are all different sizes and breakouts on the chart shown rather going not far enough for me.

I like what I do better, thanks for showing and sharing.

Larry
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