Extracted Thread (per thread starter's request)

7 TP SL set to zero which comes in around 15

Should've typed SLOverRide=0 (default)

I have seen it vary from 15.5 to 17

I have been tweeking things so I may have miss quoted the number but currently 16.5

That's fine. Just bear in mind that one day your 1 candle will close 16p away from the Buffer and then your SL will be double. The trade off is that hopefully the 16p move will signify price momentum and your SL won't be hit as price continues to move in your favor. But one day, just when you least expect it...

Originally Posted by dryclean http://www.forexfactory.com/images/buttons/viewpost.gif (http://www.forexfactory.com/showthread.php?p=5994881#post5994881)
184 pips this week trading part time

Thanks FXHard and all involved on this great thread

Majority has been on EU 5 min 16x16 setting 1 pip buffer 1 bar close
7 TP SL set to zero which comes in around 15
1 trade per CZ 74% wins according to the indi but actual was 81%

Have a great week end!


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Hummm... putted that on a chart M5 EURUSD 16 pips x 16 M15 bars and the result is 0 for last week...

Do you have a trade list or screenshoot to compare ?
Maybe you can explain ?

With TP = 16 or 7, result is the almost the same...

Thanks.

Rahan, check your time frame.

Hi,

timeframe = M5, but bars = 16 on M15.
Seems to be ok ?

Thanks

Rahan, your screenshots are of an M15 chart. Switch to M5 and that should do it. I've just checked those settings and they are accurate.

You wanted to say the opposite ? My screenshots are M5 - look up left: EURUSD M5) and i should switch to timeframe M15 ?

If i do, yes the result is far better (86% for past 6 days) but as said FXH, the risk has grown because when going out, the SL is the zone + the outgoing bar while the QuickTakeProfit remains 7 pips here.

Net pips has grown anyway for this past week.

Attached the M15 chart.

EU 5Min
ps. disregard spread that is close of the week end

Sorry, Rahan you are corect. I just looked at the indicator and assumed it was on a M15 chart. You have it displayed on an M5 chart but the indicator shows M15. Don't know how you did that but when i switch charts the indicator should change TF also I think. Did you alter the Box Time Frame. Mine is always 0.

Ok, everything is 5MN (chart + 16 bars of M5).

I don't have exactly the same levels for the last box and the stats for 100 days back bars are not so good as yours.

Thanks for sharing it hepls understand that we can have different results because we probably don't have exactly the same bar values. So we don't need to go further here.

For the box time frame : you can set 0 to have the same timeframe for box and chart but if you enter, for example "M15", the time of the box will always be M15 * number of bars, whatever the chart timeframe is.

Thanks.

For me to get all the data, I zoom out on the chart and scroll as far back as my chart will let me. Then reload the indicator. This way the boxes appear the full 100 days back. I do this each time I load to a new chart. Maybe this will also help.

FIRST

The major problem i am facing now is to have reliable past data... quick test in the past showed me :

- Since 20 august 2012, this strategy works very well (I was doing 100% in one week... ok but only one week !!!).

- But in 2011 it doesn't seem to work very good.

I took data from ForexTester, 1M data, but it is not accurate enough (we need data without more than 1 pip between two values to be almost accurate).

Sometimes in one minute data you have a 5 pips move. If you have a breakout during that 1M bar, the trade is taken as the closed price. It can be up to 4 pips aways from reality... and the TP is also then wrong. Maybe i only need an interpolator to be sure to have at least one point every pip ? But where to find it ?

So if somebody has data for EURUSD / GBPUSD and is willing to share... It will be VERY useful and i will post the results with that.


SECOND

One thing in the indicator i don't understand is the spread. Remind that we are looking at the BID bars (the only one we have in MT4):

- it looks natural for me to consider the lower buffer line break as the point where the trade will be filled, because it is the market bid price that we see on the screen.

- it looks not natural for me to consider the upper buffer line break as the point where the trade is filled. As we are looking for the bid bar, the ask price should be a little higher (the spread should be added).

So it is not a problem in itself but i try to go in the details.

That would mean the indicator is not trading exactly the same BUY and SELL orders. SELL ones are bound to the zone, BUY ones are a little bit inside the buffer zone: minus the spread in order to be filled exactly at bufferzone limit.

This makes a slight Reward Ratio different for the two directions.

Good or bad ? Really don't know. If the market does like that, we must follow the market...

This can make a difference with high spreads during the night and/or with low zone height.

The road for a robust EA is not so easy...

Works great for available data.

For M15, i have almost 9 months past data. I would have preferred at least 1 year to see the cycles in the year.

Thanks !

I did it so i can share it.

Market lookout EURUSD and GBPUSD since 2004.

Past data is nice but meaningless. Yes, it is better to back test and see nice numbers then bad but in the real work PA is what counts. So don't go too crazy. Also alot depends on your criminal - demo or live acct.

The main thing is I like EU and i am use to it.


Bring up a chart and look. It runs in pretty predicable 20 pip patterns and swings. Look at the grey lines.

Well thats - that do what you are comfortable with

Hi guys, thought i would share my vision.

A.w.o.l started a discussion ( Post #3300 ) about entering after the first break-out. Like FH stated, you must have full confidence in your enter and exit strategy. That being said, i often enter only on the second our third attempt of (big-enough-to-hit-tp) break-out.

The difference is that I don't really wait for this to happen ... The advantage of the indicator is that you can monitor and optimize rather easely a lot of pairs
I optimize until I have a 100% succes on the fourth attempt. ( Or less ofcourse )
A lot of pairs are more or less correlated, but there are allmost always trading opportunities. So when I look to enter a trade and I have 1 possibility I will enter this trade even if it's the first attempt. But when I have 2 or 3 possibilities I will take the one that has to most failed attempts. If 2 possibilities have an equal amount of failed attempts I take the one closest to SL. Entering when price has retraced in CZ reduces eventual pip loss and maximizes pip profit.
I use martingale and 0.5% of account balance at risk for my first entering.

Just my 2 cents

Just to let everyone know that Xux99 and I have been hard at work this past week working on the EA. Don't know when it might be ready, but it's going to be worth waiting for, regardless. One really cool feature is that it will combine the indi and the EA together, so only the one piece of software will be needed per chart.

I hope you guys have been PM'ing Xux with your thanks and support, he sure deserves it!

So if imitation is the sincerest form of flattery, we are on a roll! What's this make now, copycat thread #9 or #10, I've lost count? And it turns out that I'm just a thief and a liar, and I don't trade live, I cherry pick all my examples, and none of you guys are making pips, either. Who knew? Oh, and any moment now I'm going to start charging for my services because the indi Guide carries a disclaimer, never mind that the thread is already 14 months old.

The last copycat lasted about 9 days. Any takers on how long this idiot will last? Might as well have a little fun with it, so call it out guys, what's your pick? A week? 10 days? 17? 100? I'm offering a special prize to the guy that comes closest (you can play too, Sue), but you have to make your prediction by noon Tuesday here in writing.

Huge merit in this approach, very nice work.

But you lost when me you started asking for vouchers for revealing 'secrets'.

Be well.