Extracted Thread (per thread starter's request)

Thanks forex hard for this thread, started reading 2 weeks ago, finally got here .

I hope to pop in and post charts once in a while as am a part time trader and have a full time day job.

Once again, thanks FH, xuxu and squalor.

Actually, this only happens when you have such loose parameters as you did in that one pic. Tighter params means there is always several hours (or even days) between CZ's, which is preferred. Once your settings are giving back just 2 or 3 CZ's per week on average, this overlapping issue automatically goes away.

Yes, Xux has been a true blessing to the coding side of this thread. He literally took my personal list of indicator mods, which had been building up for almost a year, and did them all in less than a month. We are now working out the kinks on the indi final edition, and I expect to be able to post it to the OP in a week or so at the rate we are going. Then it's on to the EA.

It have stopped to works for me: 0 boxes. Why?

Please provide screenshot and settings. Otherwise, it's a tad difficult to assist.

default settiing :
http://img42.imageshack.us/img42/247...koutbox.th.gif (http://img42.imageshack.us/img42/2475/sqdynamicbreakoutbox.gif)

your right, very easy system almost as easy as mine lol. I have been telling people for ages the simplicity of keeping things simple but they'd rather fill the chart with lines and generally just name call leaders. Anyway i will have a bassh at trading this way. i am all for learning. Take care

This is my chart, same TF as yours:


And these are my settings as per your chart:


And I'm using v1.13 same as you.

Maybe you should re-download the original mq4 file into your indicator directory, re-compile in the Metaeditor, re-start MT4. and then delete the indicator from the chart and re-install the indicator.

Not necessarily.

Also, I've never tried to trade this particular pair due to high spread, but the indicator shows a magnificent setup: 100% win in Trade 2(!) of the trade sets and +549pips in 100 days by 2.0 CZ/week. Mindblowing.

BoxRange=30 and BoxBufferPips=5 as I had no success with tighter settings when experimenting, so I thought I just had to "trick" the 6p spread.

I have just completed a 12 month back test on GU with the following assumptions and results:

CZ Box 24p x 30b
TP 35p SL 26p

Only traded after 8.00 till about 18.00 my time (gmt +2)

Traded an old CZ if price closed inside ( like today)

After 3 losers stopped that day

After 3 losers next 2 trades double risk to recover 90% of the loss

Assumed long entries were at 5p above the cz for entry to allow for the spread

Assumed short entries 1p below the cz, and TP for a short had to be 5p lower than chart shows to allow for the spread

3 trade risk total was 15%

Account balance at start $1000

Account balance at end 12 months $2700

Trades remained the same risk throughout, although you would normally calculate it from your current balance each day,

It took me a few days between other things to do this, but is the only way to test a strategy.

I will post last 3 months, and 6 months performance a bit later

Larry

Some more stats on that back test.

6 month profit $970
3 month profit $637

12 months successful trades 6 months 3 months
trade 1 47 34 16
trade 2 41 27 12
trade 3 23 12 6
losers 20 13 6

Larry

You're not reading that chart correctly. You have to learn to imagine the CZ's forming one by one, as they do in real time.

In the case of those 3 CZ's you are pointing out as overlapping... the first one (3rd back from the front) formed... the a Sell broke out and hit TP... which closed that CZ from further activity until the next CZ forms. This same scenario happened 2 more times. But all current trades were closed before the next CZ in line popped up. Therefore, there wasn't any way for the indi to confuse how it calculates for pip averages, because there wasn't any conflicting data; all data from previous CZ's was collected and tabulated before the next CZ formed, or the next breakout occured -- which was the potential problem being discussed in the other posts. I never meant to imply that it related to how the boxes appeared, but rather how the math was done in relation to the boxes and subsequent breakouts.

Besides all that, congrats on learning your way around a complicated pair.

Wow Larry, that's a lot of work my friend! Don't know where you found the time with moving house and all.

So what's your final verdict then? Does turning 1000 into 2700 prove we have a market edge? Is an increase of over 150% per year enough to pique your interest?

You find time for what you need/want to do.

The verdict is you find a strategy that has potential, eg SSBO, you then find the way to make profit from it, by doing the back testing. Then you hope like hell the forward test does the same for you. You have to ask yourself, after losing 15% of your account, are you prepared to take the next 2 trades at double your risk in order to recover, do you trust your strategy enough?

Larry

What if those next 2 trades didn't pan out? What would account look like after 1 year? Also, what would it look like if you didn't double your risk after 3 losses?

Good questions. Follow Larry's lead and come back in a few days with the answers.

In fact they did not always, but I stuck to the double risk till I had my money back. it is amazing that this strategy has the potential to give you a really long run of successful trades, enough to claw back from the worst scenarios.

Like the boss says, go do your homework, tell us what you find works for you, or not.

Larry

This is how I trade:

1st attempt x1 lot
2nd attempt x1 lot
3rd attempt x2 lots

if the third attempt fails I say "NEXT!"

Thank you very much FH

I understand and thank you for the explanation!

Sorry to be a pain in the..., but I think I've found a glitch. Nothing serious though, but it confirms that we have to refresh the indicator every time we load a chart in MT4 (just open the indicator settings and close them).

It's the same chart basically. The market spiked up then went sideways. But now instead of the last 3 CZ's, there's only 1 CZ as a 60p winner.

What I think happened:

 

1. I set my Quick TP to 30p and the last one was a loser with -60p.
   
2. In Trade2, the indie now changed my initial Quick TP to 60p to recover the loss in Trade1.
   
3. But when I close MT4 and re-open the chart, the indie takes 60p as an initial Quick TP and re-paints the CZ's accordingly.

I refresh the indie, it goes back to normal (showing Quick TP = 60p after losing Trade1, but I repeat, the initial TP is set to 30p).

Hello everyone. I just found this thread today. I'm still working my way through it. Please allow me a few observations...

I love that FxH is such a hard ass on high functioning retards. I've logged thousands of hours of screen time. I've tweaked and tweaked and back-tested (sometimes manually on pieces of graph paper) different strategies. The initial comment about eyeball toothpaste and remembering names resonated with me. I think it's awesome that you don't answer easy questions from noobs who've spent 15 minutes on the thread.

I think it's equally awesome that you don't spoon feed TP's/SL's for the same reason. I'm such a math and computer geek that if you gave me the exact parameters you use to trade your indicator I would genuinely thank you and appreciate the heads up, then quietly go test and tweak those numbers to see if I could improve on them. There is absolutely no substitution for screen time. The more time you spend staring at your charts, the more things become obvious, and the less stupid questions you have. So, again thanks for not handing out the free fish. (And YES, there is such thing as a stupid question.)

Very few traders only trade 1 timeframe or 1 pair. Limiting this thread to M15 G/U just makes this so much simpler for everybody participating. Thank you so much for making that decision early on.

I've been a big fan of naked charts from the very beginning. I hate stochastics, MACD's, and all the rest of it. I hate it when people post their personal spaghetti charts that give me a headache. I started out trading only SnR. I'm a fan of Price Action. Is this trading method a brand new invention? No. But then, you never said it was. Inside Bar trading is practiced by a lot of very successful institutional traders. What's great about this is you came in and said "I have a method". "This is how I kick forex's ass". "If you want to learn this method, follow along". It makes me crazy to see the inevitable posts by other people on how you can improve your method. How you should tweak this and add that. Screw them. If you have a method that is this profitable, your comfortable with it, you love it and you make money with it, you shouldn't change a damn thing.

Your bedside manner is a little bristly. To the extent that it turns people OFF from this thread... thank you. I will look to you for advice and mentoring on the methodology you use to trade and if you hurt my feelings I'll grab a box of tissues and a tampax and go cry myself to sleep while drinking a merlot and watching Dr. Phil. But I won't lose sight of the fact that there is incredibly valuable information to be gleaned if I just do the legwork. I've worked in the computer business and I've worked construction. In construction, you show up on time, ready for work and you hustle. All day. Every day. If you don't you get yelled at or fired. Sometimes both. I don't see why this should be any different.

Anyways, I really appreciate you sharing your methodology with the group, and the no doubt countless hours you've spent moderating the thread and working on the indicator(s) and EA. I really appreciate the veteran posters who have really invested the time to learn the methodology and do their share in contributing to the community. Best of luck to all. Happy Hunting.

Ken