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  • #3,001
  • Aug 10, 2012 12:44pm Aug 10, 2012 12:44pm
I switch to only GU EU & UCAD
Less confusion

Quoting sue23
Nice trading DryClean.

Only one trade for me today on Cable (short from this morning). It broke out and hit take profit (30 pips) in a few minutes. Closed the terminal and off to enjoy the sunshine.

I caught four of the CZs on Cable since Monday and they were all hassle-free trades. +4.1% for the account this week, which is way over my target. The Stairstep breakouts are returning approximately three times the profit of my long term trend-following systems, and with smaller draw-down. The bulk of my capital is still in my trend-following accounts,...
  • #3,002
  • Aug 10, 2012 4:42pm Aug 10, 2012 4:42pm
OK Everyone, the secret I have been hinting at for the last few days is out, and you can read about it in the OP, paragraph #9. Have fun, and let's see those pics!
To improve is to change. To perfect, is to change often.
  • #3,003
  • Aug 10, 2012 4:49pm Aug 10, 2012 4:49pm
Quoting forexhard
OK Everyone, the secret I have been hinting at for the last few days is out, and you can read about it in the OP, paragraph #9. Have fun, and let's see those pics!
This method reminds me of the "Darvas Box" approach to trading -support etc/
Keep up the good work fh
every Saint has a past. Every Sinner has a Future
  • #3,004
  • Aug 10, 2012 4:55pm Aug 10, 2012 4:55pm
Quoting forexhard
OK Everyone, the secret I have been hinting at for the last few days is out, and you can read about it in the OP, paragraph #9. Have fun, and let's see those pics!

Thanks FH

XuX99, Its a work of art.

M.
  • #3,005
  • Aug 10, 2012 5:24pm Aug 10, 2012 5:24pm
Quoting forexhard
OK Everyone, the secret I have been hinting at for the last few days is out, and you can read about it in the OP, paragraph #9. Have fun, and let's see those pics!
Thanks FXH, my wife's really pleased. I'm gonna be spending the rest of my Friday night in front of my PC tinkering.

Seriously though, thanks loads to you and Xux99. Great work again.
I never know what's gonna happen, so how can I be wrong?
  • #3,006
  • Aug 10, 2012 6:34pm Aug 10, 2012 6:34pm
Quoting forexhard
OK Everyone, the secret I have been hinting at for the last few days is out, and you can read about it in the OP, paragraph #9. Have fun, and let's see those pics!
Strange, my MT4 isn't able to compile the new indie, anyone else having problems with it?
  • #3,007
  • Aug 10, 2012 7:10pm Aug 10, 2012 7:10pm
Quoting sidefx
Strange, my MT4 isn't able to compile the new indie, anyone else having problems with it?
Did you accidentally add it to your EA folder? This is an indi, don't forget.
To improve is to change. To perfect, is to change often.
  • #3,008
  • Aug 10, 2012 7:21pm Aug 10, 2012 7:21pm
Quoting forexhard
Did you accidentally add it to your EA folder? This is an indi, don't forget.
No, it's in the right folder. Looking at the code, it seems to be incomplete. I've reloaded it and same errors occur.
  • #3,009
  • Aug 10, 2012 7:21pm Aug 10, 2012 7:21pm
Quoting forexhard
OK Everyone, the secret I have been hinting at for the last few days is out, and you can read about it in the OP, paragraph #9. Have fun, and let's see those pics!
Thank you !!!
  • #3,010
  • Aug 10, 2012 7:43pm Aug 10, 2012 7:43pm
Don't know what else to tell you. I've never had any issues with it loading up over the last few weeks I've been testing it, and it seems like the other guys here are doing OK as well.

Incomplete how exactly?
To improve is to change. To perfect, is to change often.
  • #3,011
  • Aug 10, 2012 8:00pm Aug 10, 2012 8:00pm
See here, it compiles just fine in my editor, with zero errors or warnings.
Attached Image (click to enlarge)
Click to Enlarge Name: compile.png Size: 241 KB
To improve is to change. To perfect, is to change often.
  • #3,012
  • Aug 10, 2012 10:03pm Aug 10, 2012 10:03pm
Thanks forexhard! Cant wait to try it out

dojirock
  • #3,013
  • Edited 10:12am Aug 11, 2012 12:08am | Edited 10:12am
So with the new indicator, it's important to remember that it now has the ability to shrink the height of the CZ's for us. The bar count never remained static, and now the CZ height does not either. Both are now programmed to become "better" prior to the initial trade open of the next trade set, as PA dictates. So as the next CZ forms, it's possible that by the time it's ready it could be a few pips less than your default height setting (and/or a few bars more than...) -- keeping us in line with the idea that the longer the CZ, and the shorter the CZ, the better we like it.

By default the indi is set for a trade set of 6 trades (1+5), meaning the original breakout plus up to 5 reversals. What I recommend, is that you use this feature to help tweak your settings into a safe range. For example, tweak your settings until no trade shows past #4, leaving the spots for #5 and #6 empty. You will notice very quickly that very minor changes to the buffer line, the CZ height, the CZ bar count, or the Quick Take Profit setting(s), etc., will make big changes to the results you get back. So get yourself into a trading zone equal to your appetite for risk (how many reversals you can handle should you choose to Martingale), and from then on it's all about MM (deciding what your starter lot size should be prior to repetitive Martingaling until each trade set is complete). The rest of the settings and display features are self-explanatory.

If you don't like Martingaling, it's possible to turn this off inside the inputs: use_martingale = False.

And be sure to thank Xux99 for his time and efforts here, and with the EA coming soon.
To improve is to change. To perfect, is to change often.
  • #3,014
  • Aug 11, 2012 12:16am Aug 11, 2012 12:16am
Great work Forexhard and Xux99!!
  • #3,015
  • Aug 11, 2012 12:45am Aug 11, 2012 12:45am
Forexhard, i have loaded your new indicator... can u please tell me what is trade set trades and how do we identify them ?

How can we filter losing trades since most pairs I put the indicator on it gives final results in negative pips..... would appreciate your help... i am new to this forum.....

thanks.
  • #3,016
  • Aug 11, 2012 2:45am Aug 11, 2012 2:45am
Quoting sidefx
No, it's in the right folder. Looking at the code, it seems to be incomplete. I've reloaded it and same errors occur.
What build version of MT4 are you using?
  • #3,017
  • Aug 11, 2012 4:02am Aug 11, 2012 4:02am
Forexhard, you are a good man!
Thanks for giving so much of your time and knowledge so freely. It will come back to you tenfold!
Big thanks to Xux99 also!
B.


Quoting forexhard
OK Everyone, the secret I have been hinting at for the last few days is out, and you can read about it in the OP, paragraph #9. Have fun, and let's see those pics!
  • #3,018
  • Aug 11, 2012 5:15am Aug 11, 2012 5:15am
Superb...just superb.....all those BS systems, stupid indicators, hours upon hours of pointless screen time....

This is the real deal....if you guys don't set up a donation page or something it'll be a travesty because you've unlocked the markets for traders like me with the will to succeed but who have time and time again been lost at sea with no direction.

I'm still reading through the thread and currently playing with my SUPERIOR NEW INDICATOR (feels so good to say that well done guys). For anyone who thinks it might be a boring, daunting task....seriously its like reading a novel....full of twists and turns and the odd banter between the King of Kings FH and the noob trollers who get there **ses handed to them.

This thread is slowly changing my life for the better. I see people thanking the work you guys do and how little you ask in return save to read the thread and be sensible with postings. Hats off to you. You are the real stars of the show.

I await FH's trading autobiography with anticipation (yes you should write it....would love to know more about your story...and no not in the hope of a book full of instructions of how to trade effectively...that's not you and what makes you such a brilliant brilliant inspiration!)

All hail SSBO!!!!! And the fantastic new indicator that he and Xux99 have produced. Unbelievable!
  • #3,019
  • Aug 11, 2012 6:03am Aug 11, 2012 6:03am
Quoting forexhard
So with the new indicator, it's important to remember that it now has the ability to shrink the height of the CZ's for us. The bar count remains static, but the CZ height does not. So as the next CZ forms, it's possible that by the time it's ready, it could be a few pips less than your default height setting -- keeping us in line with the idea that the longer the CZ, and the shorter the CZ, the better we like it.

By default the indi is set for a trade set of 6 trades (1+5), meaning the original breakout plus up to 5 reversals. What I recommend,...
Thanks for this improved indi - will try it out next week - so far I was successful already with the last one! thanks
  • #3,020
  • Edited 6:44am Aug 11, 2012 6:33am | Edited 6:44am
I love this! The speed at which you can unearth information about a market you didn't know before is amazing! Who'd have thought (no doubt this has been mentioned and I'm yet to read it) that the USD/CAD has an 80% win rate shooting for 15 pips!

I've got 3 pairs so far with the recommended 4 trades in a set with 5 and 6 at 0 and averaging an individual win rate of 75%+ and that's only 30 mins of initial tweaking....who knows what is possible after hours of fine combing.

YES YES YES!

EDIT
-----

Interesting point is now raised that do we really have to go for 1:1 risk reward.......with a win rate of 75+ it seems the system is solid enough to trade successfully shooting for 20 pips (from what I have seen so far....).

The beauty of the indicator is that it allows people to home in on their own take on the method i.e. for example one pair has a 64% win rate on the first breakout on 44 trades but on the second breakout its up to 81% on 16 trades......fascinating stuff.
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