Extracted Thread (per thread starter's request)

Looking at the screenshot, it seems the SL is set at the opposite side of the CZ - see the first trade marked on the last CZ, the one marked "-26 pips".

Barbossa

hi

eu trade yesterday

Exactly. Good eyes, and good catch!

Everyone, try to become familiar with the various lines of the indi corner info graph. Especially the lines for Trade Set Wins/Losses, and Net Pips. This will be how we find our sweet spots from now on.

Notes on pic. Remember, these net values are for just 1 pair and 1 time frame.

Hi,

Anybody care to share the new revised custom indicator link.

Regards,
Bedayan.

Here's the link all you new guys are asking about:

http://www.forexfactory.com/showthread.php?p=5811021#post5811021

Revised indicator link is not available in the above post.I am using V1.12 indicator.Can you please share latest revised indicator link.

hi

read the post again,this indicator is far enough.

Hi Bedayan

Patience is one of the most important things here in breakouts and especially on ForexHard's thread. If you want to learn here something (and in forex in general as I see it) you have to get a lot of patience. ForexHard (and may be more guys involved in this indi development and coding) tests this indi for usability and bugs and when they'll feel the indi is good enough they'll release it for us.
If you'll try to make it by yourself it will take you much much more patience, effort, a lot of knowledge, money and time. So you have only to be patience to get here this wonderfull tool. And when You understand and appreciate this You can thank ForexHard and his crew very very much as I and we all do.

Moshe

[quote=bedayan;5865118]Revised indicator link is not available in the above post.I am using V1.12 indicator.Can you please share latest revised indicator link.[/quote

FXH
Cruis`in for a bruis`in
LOL

My earlier posts about the revised indi were simply meant to get you guys thinking about how different it is from the current one, that's all. It's got quite a few improved features, and some of them I was able to point out/describe visually in advance. Just in case there's been any confusion, the indi hasn't been released yet. The only people who have it right now are myself and FxSpin. There's no secret list of recipients. When it is finally ready it will be released publicly in these pages for anyone to use.

New week starts. Good luck to all. jm

Out with 30 pips. Thank you ForexHard. Thank you, thank you, thank you!! Hey all you skim readers. If I can do this with no indi and hand drawn boxes, so can you. There is only one catch. Ya gotta read the WHOLE thread and do your homework. This is so good its scary! Good luck. jm

This is my last Cable CZ from last week. Price has already made one revenge arc through the center of it, so now I'm wondering if there will be another? Just something fun to watch while I'm waiting for my next solid setup...

EDIT 9 hrs later: Nope, not this time. Kept on going down for another 95p.

Not such a boring week after all. Copycat thread #8 just got under way:

http://www.forexfactory.com/showthread.php?t=375120

fxh fxh fxh.... fxh!

You are a _bit_ cynic.... His method is slightly different.
His zones are not exactly defined like your CZ.

I'm not bothered so much any more by the fact that we've been copied so many times. None of them lasted longer than 3 or 4 weeks and we're still as strong as ever.

But post #19 wayyyy back on page 2 is where I talk about inside bars, for what it's worth. So no, I really don't see a single unique idea in the OP's presentation. He's just using different words to copy what I've been saying for over a year.

The only mechanical difference in what he is saying, is that he uses just 12 M15 bars to determine his CZ, whereas SSBO uses 24 as the default minimum value. So he could have the exact same experience by simply adjusting his SSBO indi defaults to 12 bars instead of 24.

This is all coming from a guy that has spent the last couple of weeks reading about SSBO and even participating in the thread, for which I am grateful. But it seems that as a trader he is not ready to exercise patience in waiting for the very best CZ's to form, so he is looking for a way to rationalize getting in much faster than I recommend. Which is fine. I have no problem with him wanting to tailor a breakout system to his own risk factors, for his own private use. But I think it shows really poor taste for him to take my personal teaching tools and open his own thread with them.

dvarrin, as a favor to you I have attached a pic of what your settings (M15X12barsX30p) would have done over the last 100 days, compared to SSBO default values (M15X24barsX30p). One shows negative net pips, and one shows positive net pips. I hope you can see now what happens when you lose patience and jump in too early.

hi

cool down!i think after you showing the results to copycats(billy).so in my opinion you are a discovere of breakout system,because i have seen many breakout in past 2 years.

Hi Forexhard,

As you still accept me to ask some questions about your trading system and related to your reply on my thread, please find below my actual standing and questions.

If I could understand everything well, we choose the parameters so that we have about 2 to 3 boxes per week. then we use a buffer level on each side of the box, and we open a trade on the second successive bar closing outside the buffer level. We should open only one trade per box. When we open a trade, we set the SL to the other side of the channel and we target profit level so that we have a risk/reward ratio of 1:1.

Given that, let's say we take my settings with a 40 bars length and a 30 pips height. I don't understand how it is possible that for me, when I backtest the trades, I'm getting about as many winners as losers, while the indicator is showing more than 600 pips in profit.

So when do we open a trade and how do we manage them to make all those pips? I mean my way to trade the boxes is not the same as the way the indicator computes them, so what is the difference?

For example you could pick some of those boxes that gave a losing trade for me and show me where I should have entered the trade or if I should have entered the trade.