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  • #3,201
  • Aug 29, 2012 2:25am Aug 29, 2012 2:25am
this system is very good, it is almost the same one i use and it is so simple. Infact far too simple for a lot of trders to comprehend they need to talk the talk , set your trigger and bang . Take care . i will do some some trades and post them.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,202
  • Aug 29, 2012 4:44am Aug 29, 2012 4:44am
Quoting joancb
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
Thanks for posting this...an interesting "tradeology"..is that even a word?

I'm still at loggerheads with myself trying to figure out what MM system to use. Again I stress that I understand that the numbers shown by the indicator are not an absolute, but more of a guide...

The thing is, having stepped back and thought about it....you at least have to base a method on something and my settings for the past 100 days on GU for instance have not yielded a trade 4 yet.

Yep, setting days back to 150 does reveal (on my settings) one occurrence where PA went to a trade 4 BO. 78 trades in total...only a single trade 4...

That's a 1.28% chance if you forward tested (yes yes...almost impossible you'd get the same results, but this is theory) that you'd get a trade 4..

Looking at the EU I've got trade 4 at 4.05% chance of being hit.

Again past is not an indication of future but its something to look at and consider. The beauty of SSBO is that whilst you may get stopped out on say the third trade....another pair that you haven't traded might be at its third trade....this means "in theory" (as that is all we can do when using past data) you'll have a much higher probability trade to enter on and thus negate another pair's losses should you choose to trade it aggressively.

This is not in any way a concrete theorem, nor is it meant to be taken as some sort of way of trading SSBO, its just something I thought might be worth mentioning.
  • #3,203
  • Edited 5:52am Aug 29, 2012 5:38am | Edited 5:52am
First i would really really like to thank ForexHard and 'Veterans' for sharing their knowledge and indicators. A lot of work behind that...

I would like to be sure about successive consolidation zones (CZ) :

1- Look for a consolidation zone: if the last X bars of the signal is in our box then this is a CZ.
2- Wait for a break upper or lower bound. Take a trade in the same direction that the bound break. Wait indefinitly if no break.
3- When the trade has stopped (win or loss), check for a new CZ.

In that manner, we only have one CS at a time and we will not enter a new CZ before the previous trade has closed.

Is it correct ?

Another question because i don't find the answer in the posts :

- If the X bars before actual time are all in the box, the range of max - min will always be lower than my full box width.
- So if i want to use my full box size, how to place it precisely ?

Example :
- Box height = 20 pips.
- At 08:00, the last 20 bars makes 22 pips-> not a CZ
- At 08:15, the last 20 bars makes 16 pips -> so this is a CZ but how to place my 20 pips rectangle around these bars ?



My personnal feelings about the method :

- Stick to the original form of the method (box height and length).
- Add other things if you like (buffer pips, reversal...) but very very slowly and one item by one item to be sure it really enhances the overall strategy. This is not really proven from my point of view.
- Do not use martingale at all or master it very very very well.

Wish gains to All (still learning for me) !

HappyForex


PS : Sorry for my english, this is not my mother tongue...
  • #3,204
  • Edited 6:32am Aug 29, 2012 6:19am | Edited 6:32am
Back when the new indicator was initially posted I spent some time optimizing the parameters to give an excellent pip count on EU (my post 3081). Since then I've been monitoring this pair closely and it has performed exeptionally well, in fact the 100-day pip count has gone from 600 to 680. This is without martingaling, so these trades can be taken with full 3% or 5% risk which gives a nice return. I'm using a 20-pip TP and SL.

And yes, we must not forget the spread. The indicator doesn't take the spread into consideration, so a few more trades will be lost because of that, but I don't see it happening that often.

Because I used a five-minute timeframe there are many, many boxes and trades being fired off left and right, all times of the day and night, which makes it impossible to trade manually.

I've never trusted EAs in the past, but I think in this case it could perform very nicely. Then our main job would be to closely monitor the pairs to make sure they're maintaining a nice profit margin, and making adjustments here and there to the parameters to keep them performing optimally.

So FXHard, I'm seeing lots of pips flying by, so am looking forward to the EA's release.

Thanks again for your hard work and sharing of these great tools!

Below is a chart with my parameters.

Attached Image (click to enlarge)
Click to Enlarge Name: chart-2.gif Size: 27 KB
"Be the change that you wish to see in the world." --Gandhi
  • #3,205
  • Aug 29, 2012 7:19am Aug 29, 2012 7:19am
Quoting Wally1953
Back when the new indicator was initially posted I spent some time optimizing the parameters to give an excellent pip count on EU (my post 3081). Since then I've been monitoring this pair closely and it has performed exeptionally well, in fact the 100-day pip count has gone from 600 to 680. This is without martingaling, so these trades can be taken with full 3% or 5% risk which gives a nice return. I'm using a 20-pip TP and SL.

And yes, we must not forget the spread. The indicator doesn't take the spread into consideration, so a few more trades...
Massively impressed by this. I've got 57% successful trade 1's using your settings and 813 net pips WITHOUT martingale.

Loving the smaller pip range and thus smaller stops. This is a genuinely interesting take on SSBO. Well done.

Did you test with other pairs on the 5 min? Even just focusing on EU, with compounding would present a great alternative to those who don't feel martingale suits them.
  • #3,206
  • Aug 29, 2012 8:00am Aug 29, 2012 8:00am
Quoting A.w.o.l
Massively impressed by this. I've got 57% successful trade 1's using your settings and 813 net pips WITHOUT martingale.

Loving the smaller pip range and thus smaller stops. This is a genuinely interesting take on SSBO. Well done.

Did you test with other pairs on the 5 min? Even just focusing on EU, with compounding would present a great alternative to those who don't feel martingale suits them.
Hi Awol...

I'm glad you like!

I did check out quite a few other pairs and EU performed the best, which is great cause it's got the smallest spread too. Maybe someday that will change, so that's why we need to keep monitoring other pairs too just in case EU stops performing nicely and another pair may do better.
"Be the change that you wish to see in the world." --Gandhi
  • #3,207
  • Aug 29, 2012 8:42am Aug 29, 2012 8:42am
I am currently using a very similar setup :

- EURUSD only.
- Timeframe : 70 Ticks offline chart. This way, I get rid of the time factor completely. Volume defined box lengths.
- SSBO Boxlen : 24
- SSBO Boxrange : 5
- SSBO Boxbuffer : 1
- SSBO QuickTakeProfit : 14
- SSBO SL : 10
- SSBO Everything else to "False" except "_auto_reduce_box_size"

Entering on the bar close at the buffer.

Using MTPM for trade mgmt :
- ManageThisPairOnly : true
- HiddenStopLoss : true/13
- HiddentTakeProfit : true/10

This gives a deadly accurate scalping setup. Is indeed an application of one of Bob Volman's breakout setups.

EDIT : only trade the first breakout. No re entries, and no martingales.
Attached Image(s) (click to enlarge)
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Meeeooow !!!
  • #3,208
  • Edited 9:38am Aug 29, 2012 9:00am | Edited 9:38am
Don't know if anyone else is had this but something is amiss here. The one large candle seems to have confused the indicator or something as the indicator has issued a sell signal at the wrong side of the CZ and what should be a subsequent stop out is counted as a win!

That coupled with the fact that the original trade was still running when the large candle opened and stopped out upon its close is even more strange.

Any ideas?

Attached Image (click to enlarge)
Click to Enlarge Name: error3.jpg Size: 108 KB


EDIT
----

Just changed the buffer pip value from 2 to 3 and its cleaned that error up. Its a temporary fix and I'll revert back to the 2 pip buffer once I've traded this CZ.
  • #3,209
  • Aug 29, 2012 10:01am Aug 29, 2012 10:01am
i have been trading usa oil on 1 min and 3 min using similar method as in here and its been very successful. i must admit it isnt for the faint hearted lol and the spread isnt good. e/u been very good
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,210
  • Aug 29, 2012 11:45am Aug 29, 2012 11:45am
[ATTACH]
Attached Image
[/ATTACH]

one of the many trades i did today using similar method. the bars are Heiken ashi. No1 was entry at 9546 and No2 was exit at 9558 for 12 pips.
Attached Image (click to enlarge)
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SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #3,211
  • Aug 29, 2012 12:45pm Aug 29, 2012 12:45pm
NIce trading guys,

Now were going somewhere...I too am exploring the tick charts and having great success.....

5 min on the time based charts is working well also.
ForexHard has given the idea and nertured it to where we are today. Its the tweeking and consistancy that will make one successful.

Keep it up...think out side the box... no pun intended!

dojirock
  • #3,212
  • Aug 29, 2012 2:16pm Aug 29, 2012 2:16pm
Quoting A.w.o.l
Don't know if anyone else is had this but something is amiss here. The one large candle seems to have confused the indicator or something as the indicator has issued a sell signal at the wrong side of the CZ and what should be a subsequent stop out is counted as a win!

That coupled with the fact that the original trade was still running when the large candle opened and stopped out upon its close is even more strange.

Any ideas?

Attachment

EDIT
----

Just changed the buffer pip value from 2 to 3 and its cleaned that...
It would be more correct if it tried to make a couple trades here. Technically since price could have moved back an forth an infinite number of times there is no way to know what happened. Especially when you are using a lot progression. There is also a similar error in the way gaps are handled. (see GU 30X30 settings on Mar 21st). Even if it doesn't trade the breakout it should still count the false break down before the gap.

These are the difficulties of evaluating a realtime strategy with just bar analysis. Most of these issues are solvable though and it does make for very nice analysis to be able to run and trust the indicator rather than run a full EA back test for everything you want.

It seems that most people here view the spread as having an unknown effect on the percentages. I guess this is may be why the spread is not included in the results. While this could be true, depending on how you trade it, another way to view it is that all these trades could take place exactly as the arrows specify and the spread + slippage estimates are just a cost associated with each trade. This messes with the RR a bit but does give very good approximation of true testable results.

The current indicator does not include the spread in the pips and also only includes winning trades in the avg per trade. If you fix both of these stats you can actually make a back test right from the chart with very little discrepancy in estimated performance.
  • #3,213
  • Aug 29, 2012 3:22pm Aug 29, 2012 3:22pm
ok
with this strategy 15 times in the row...isnt poosible too loos..ok
Soo what is the point?
It is scary!
  • #3,214
  • Aug 29, 2012 3:52pm Aug 29, 2012 3:52pm
AWOL, Xux just messaged me to say that he located your bug and fixed it already.

Everyone, the next version is almost ready to post again. This next version is called the Final Edition. It will have quite a few new and improved features, not to mention several bug fixes like the one AWOL just discovered.

Unless you've been personally involved in a coding project you really can't understand just how much time and effort it takes to get a job like this to the finish line. Figure it takes at least 150 man hours for a basic job, and then double that for anything more intricate, like an EA and indi combo, like we have going on in here. That's time away from your wife and kids, your hobbies, and your own trading time. And that's exactly what Xux99 is doing for us SSBO traders. So come on guys, and start piling on the gratitude where ever you can. It's never too late (or too early) to show your appreciation to the guy that's giving up 300 hours of his life for a bunch of strangers.

Send him flowers & chocolate, send PM's, state your feelings openly right here -- I don't care what you do, just do it!
To improve is to change. To perfect, is to change often.
  • #3,215
  • Aug 29, 2012 5:31pm Aug 29, 2012 5:31pm
Thank you very much to both of you!
  • #3,216
  • Aug 29, 2012 6:36pm Aug 29, 2012 6:36pm
Xux99 and FH: Please accept my thanks. FH is right...to work so hard on a difficult task for people you've never met shows how generous you are.

Frank
  • #3,217
  • Aug 29, 2012 7:30pm Aug 29, 2012 7:30pm
What indicator are you using to generate your tick charts? Thanks.


Quoting niepce
I am currently using a very similar setup :

- EURUSD only.
- Timeframe : 70 Ticks offline chart. This way, I get rid of the time factor completely. Volume defined box lengths.
- SSBO Boxlen : 24
- SSBO Boxrange : 5
- SSBO Boxbuffer : 1
- SSBO QuickTakeProfit : 14
- SSBO SL : 10
- SSBO Everything else to "False" except "_auto_reduce_box_size"

Entering on the bar close at the buffer.

Using MTPM for trade mgmt :
- ManageThisPairOnly : true
- HiddenStopLoss : true/13
- HiddentTakeProfit : true/10

This gives a [u][i]deadly...
  • #3,218
  • Aug 29, 2012 7:50pm Aug 29, 2012 7:50pm
Xux99...

You are very, very, much appreciated. Thanks so much for your sacrifice of time and all your hard work.


"Be the change that you wish to see in the world." --Gandhi
  • #3,219
  • Aug 29, 2012 8:16pm Aug 29, 2012 8:16pm
First post on this thread.
This system is great!! Thank you so much for sharing it with all of us.
And thank you for all the time and effort you are putting in to make the EA.
You guys are awesome!
  • #3,220
  • Aug 29, 2012 8:21pm Aug 29, 2012 8:21pm
And I - as one of many would also like to express my appreciation to Xux99 for his devotion and hard work. Fxh is right on the money when he speaks of difficulties encountered in coding a 'perfect' EA or Indicator, and the time and effort Xux is putting into it will be used by many - me included!
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