Extracted Thread (per thread starter's request)

Sorry, the RecalculateZeroBar part is leftover from an older PDF. My bad.

As for the NetPips, the indicator is much more selective now about what qualifies as a legitimate pip earning trade, and also has a much tighter algo when comparing wins to losses. So naturally, that figure will be different, probably smaller than before. Which should lead to more confidence in your settings, not less.

No problem. I thought the last indicator followed your rules pretty well. What is the difference between these two indicators when it comes to the trade qualification? Thanks.

I would also like to add my thanks to all those involved with getting this indi to its present state, may your efforts be rewarded.

Let us stay focused on the cz, let us keep the parameters nice and tight, fewer trades more successful trades and good money management, those will be the road to profits, maybe not mega but hopefully not losses.

Larry

hi everyone, i hope you are all making pips. I personally have had a bad day, nothing to do with this threads trading way ( i trade 2 ways) . This normally happens 2 times per week. anyway have a good day keep talking.

FXHard
Thanks for putting the Fibs back

ps GO MITT

the best way to trade the indicator to me

1 mt4 alpari uk
2 only only test on live account

i put a pending orders when the cz start

no martingale

tp 37
st 30
box buffer=1

I think it is important to have valid statistics (accurate) and reliable (enough data) for this reason the test performed from december 1, 2011 is 275 days


net pips=1120 on 9 months


I only need to work one or two hours every 24 hours

I hope this contribution will be useful for all

Good post Juan- I totally agree with what you say. Demo accounts are useful to get to know the platform but trading live (imo) is the only real way to test a system/strategy.

And thanks to FXH and all involved for the updated indi and all the hard work that has been put into this project.

NY isn't even open, and I'm already done for the day. Nice finish to the week. Time to grab a book and head to the pool to work on my tan.

Second pic shows 6 CZ's over the last 2 weeks, exactly on average. Out of those 6 examples, 3 of them had recovery trades, the largest of which was 4 (1+3). The other 3 breakouts (50%) went straight to my QuickTP.

Forexhard, I don't know if you saw my last post, but I'd like to understand the difference between the last two indicators, since you said that the newest one is more selective. Thanks again. Here was my question:

Hi FXH and All.
Have just completed reading this thread and am excited about an indicator which allows for optimising. In just a few minutes I was able to adjust a "calculated" loss of several hundred pips into an equal winning position with just a few tweaks. The results mentioned in a few places are also very attractive and so for a while I will concentrate on this SSBO method until I am fully competent.

Sure, I will be posting pics and comments. This would seem to be as close to a "perfect" system as one can get. As Arnie said, "I'll be back".

Thanks FXH and all contributors. Really well done.
AltosT

Juanito Test


i like more the eurusd


the spread is smaller tot 1.8

live account have a real test i found differences between live and demo account

eurusd
alpary uk
live account

pending trade
1 or 2 hours a day to work

tp =31
st=30

boxleght=19
boxrange=21.8
box buffer=2
min bar close=0
max trade per box=2

box martingale =false



days =275

from 1 december 2011 (real data) and complete

net pips=1236 for 9 moths

also its very important the consecutive losses

i have losses=6

6x30=180 pips consecutive i can live

for example your capital =1000

1236/9=137 pips / moth

13.7% average

and losses are 180 pips 2 times on 9 moths

i have 8 moths win only 1 moth lost=-81


thanks to all

Juanito Test

is anyone else having this problem with the text window only shows up scrambled on the euro all other pairs are showing up fine.

Firstly congrats to all the people involved in making this final installment of the indicator such a fantastic piece of kit.

Huge thanks and a big pat on the back!

The improved accuracy of the indicator has definitely increased my confidence in SSBO. Another encouraging thing for me personally was there wasn't a drastic difference in my results when implementing old settings to the new indicator.

I did read that the quick take profit should be at least 35 in the PDF. My settings are quite tight in that I shoot for 24 pips on the first breakout but as my pip range is limited to 23, I usually get around 1:1 on the first breakout in any case. I did have a look at FXH's settings but I feel more comfortable having only 4 reversals not the 5.

Down to personal preference of course and indeed, everyone has their own style.

Green pips to all!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Well done. Onwards and upwards folks!

kodflakes

It appears as though you are running both versions of the indicator. The older "2.1" and the "Final Edition". The text from both are being displayed on top of each other.

He might be right. If that's the case, just change the 'statscorner' value to 1 and one of them is going to show on the right side. That way you can compare both of them side to side.

If someone is having issues with letters and numbers being double and un readable, here is what solved the issue for me.

I uninstalled the old indie from my charts and closed some of the charts before I closed MT4 to compile the new indie.

Started the MT4 opened new charts and loaded my background template and the old info box with box size and trade sets popped up with them without the new indie being loaded yet as it has a different name, opened the template with note pad and did a control F and found object_name=SSBOEURUSD15 33 15 24infoBox2012.08.17 23:00 and object_name=SSBOEURUSD15 33 15 24MaxTradesPerSet etc. so apparently it had stored part of the old indies data in a .tpl file and that’s why I had over write issues before.

Anyway creating a new template solved the issue for me, I went to the extreme and created one for every pair and TF I use for custom settings.

Sorry for the long winded explanation, still learning terms and stuff.

Hope this helps.

Thanks Kissa,

I had that problem to, I kept looking at the code to determine if something was wrong....

I saved a new template...fixed for me too

dojirock

Since the indicator has reached the Final Edition stages, it's time to start prepping you guys on the EA.

Before I begin, I want to make sure to credit Mer for being the inspiration for this jumping stop algo, which I have named the 'N-Ladder'.

The idea is to create a basket of several trades all opening at the same time, but closing individually at pre-set TP levels -- i.e., 25 pips apart as shown in the attached pic. If the basket has 5 trades, then there will be 5 separate TP levels. If 3, then 3, and so on -- your choice.

At the start of the sequence the default SL is the opposite side of the CZ. But once the trades have moved into profit then all 5 trades have their own individual SL as well. Then, as price continues to move into profit, more trades close further and further away from the CZ, each one closing with more pips than the last. And finally, if price moves 125 pips without any meaningful retracement along the way, the last of the 5 trades will have closed with +125p. By spacing out the winning TP levels this way, it means that once a single trade has closed in profit that the remaining 4 trades are already floating in profit as well, and will all close in profit, even if price reverses back into the CZ. In other words, no matter how many trades you start with, once the first one has closed in profit (eg, 25p), then ALL of the remaining trades will close in profit as well, even if price retraces back to the CZ; the remaining open trades will close IN PROFIT at the N-Ladder jumping stop before that point.

Take a look at the pic now. Starting with the upper edge of the CZ we have the Buffer Line (2p), the Spread (2p), and the N (2p):

The Buffer is where the basket of trades opens;
Then Spread is added to the Buffer (guaranteeing the basket will Break Even);
Then the N value is added to the Spread (guaranteeing the basket some profit).
There is now a conditional jumping stop of 4 pips above where the trade basket opened.
The condition? Price must move at least 25p from the Open so that 1 of the 5 trades can close at full TP. After that, the remaining 4 trades are guaranteed to close in profit at 2p each, for a minmum total of 33p for the basket (the N value X 4 trades, plus 25p).

The above scenario is what most traders would call a "false breakout".

Under perfect conditions, the 5 trades would have closed like so:

#1, +25p
#2, +50p
#3, +75p
#4, +100p
#5, +125p
Total: 375p

Under less perfect conditions, price will retrace and hit one of the jumping stops. Regardless, once 1 trade has reached TP, then all 5 trades will close in some form of profit, guaranteed.

The above is just a basic example. Just about every one of the inputs shown here (except Spread) will be customizable, leaving a hundred thousand possible variations. As always, Martingaling is mentioned only as an optional feature.

To Larry and the other guys that have been repeatedly asking about why the indi doesn't consider the Spread, now you know what I meant when I said the EA would. Between the Spread/BE and the extra -N- value there is never a question as to profitability. Once price crosses the 1st TP mark, the rest of the basket is pure gravy.

Let me know if any part of my instructions are confusing and I will try to clear them up. But please save your general EA questions until it's been released.

Big thanks for all the work done to Forexhard, xux99 and everyone involved with this!

And it doesn't guarantee success, but what a great starting platform to work from!

Awesome, looks very promising ! Thanks for all the work