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  • #3,381
  • Sep 10, 2012 9:34am Sep 10, 2012 9:34am
Hey guys, here's a sneak peek at the EA. This pic is taken off the current live G/U M15. This example is based on a 5-part basket. Enjoy...
Attached Image (click to enlarge)
Click to Enlarge Name: ea algo.gif Size: 100 KB
To improve is to change. To perfect, is to change often.
  • #3,382
  • Sep 10, 2012 9:49am Sep 10, 2012 9:49am
Quoting forexhard
Hey guys, here's a sneak peek at the EA. This pic is taken off the current live G/U M15. This example is based on a 5-part basket. Enjoy...
Nice...Thanks so much to you and xux99 for sharing your impressive work with us.

Frank
  • #3,383
  • Sep 10, 2012 10:13am Sep 10, 2012 10:13am
Quoting forexhard
Hey guys, here's a sneak peek at the EA. This pic is taken off the current live G/U M15. This example is based on a 5-part basket. Enjoy...

Impressive, remember adding to trades, martingale, blah,blah etc etc doesn't work!!

Mind you its working from where im sitting.

Looks good.
  • #3,384
  • Sep 10, 2012 10:24am Sep 10, 2012 10:24am
Quoting forexhard
Hey guys, here's a sneak peek at the EA. This pic is taken off the current live G/U M15. This example is based on a 5-part basket. Enjoy...
Nice work

Just wondering if you will be incorporating a time filter (e.g. trade hour start 09:00 trade hour finish 22:00)
I suppose the answer will be yes
Thanks for your hard work
  • #3,385
  • Sep 10, 2012 10:26am Sep 10, 2012 10:26am
Quoting joancb
Anybody has completed a trade on EURUSD today?
I'm on the same trade, opened a short at 1.2781, set my QP to 31 so waiting to close at 1.2743 (accounting for spread)
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 1h start.gif Size: 55 KB
  • #3,386
  • Sep 10, 2012 10:34am Sep 10, 2012 10:34am
Quoting jamesfr
....Just wondering if you will be incorporating a time filter (e.g. trade hour start 09:00 trade hour finish 22:00)
I suppose the answer will be yes....
[In the voice of the knight at the end of the Indiana Jones Holy Grail movie:] "You suppose...correctly."
To improve is to change. To perfect, is to change often.
  • #3,387
  • Sep 10, 2012 11:09am Sep 10, 2012 11:09am
One year, 3300+ posts to get rid of weak time-based breakout systems from the past, now to introduce back again a time filter ?!
Meeeooow !!!
  • #3,388
  • Sep 10, 2012 11:17am Sep 10, 2012 11:17am
Quoting niepce
One year, 3300+ posts to get rid of weak time-based breakout systems from the past, now to introduce back again a time filter ?!
I suspect this one be one of many features which you can use or ignore
it will give more flexibility in testing
  • #3,389
  • Sep 10, 2012 11:36am Sep 10, 2012 11:36am
Quoting joancb
Anybody has completed a trade on EURUSD today?
Two 5 M trades in the basket in EU, 15 M still in the works.

USDJPY set up for the night.

Attached Image (click to enlarge)
Click to Enlarge Name: 20120910 uj 01.gif Size: 30 KB
  • #3,390
  • Sep 10, 2012 1:16pm Sep 10, 2012 1:16pm
Late last Friday night I was looking for a way to manage re-entries better due to "false breakouts". Googling for it somehow displayed the "Tools or forexhard's Stairstep Breakouts System" as a little tiny related link. Because I am a breakout trader, it was intriguing. Stairstep was even more so. I decided to click the link. It was like the blue pill or the red pill. Saw the "key" posts to this thread, decided I should start…

226 pages and a whole lot of wow later it's time to practice. This singlehandedly solves all of the issues I have been struggling to resolve over the last 6 years. Because I am have been fighting consolidation instead of working with it I had no trouble spotting the zones but it is quite a paradigm shift to go to "trade sets" instead of individual trades. Got a lot of work ahead of me yet though that new indi makes it a LOT easier to find set ups. My entries would be the same but I will be experimenting with the exits.

Thank you *all* for sharing. I am a just a *wee* bit giddy right now but I have to write code for work first.
  • #3,391
  • Sep 10, 2012 1:20pm Sep 10, 2012 1:20pm
Quoting Kissa
Two 5 M trades in the basket in EU, 15 M still in the works.

USDJPY set up for the night.

Attachment
Think I'll join you on that one but only if it breaks up ,that 78.00 level will be a hard nut to crack (each to their own)
  • #3,392
  • Sep 10, 2012 1:31pm Sep 10, 2012 1:31pm
I missed something? FH just to clarify...after leaving the cz and re-entering...then a 5 candle new consolidation...the ea will then reset to start a new trade upon breaking out of the current cz again?

If thats right..thats cool... I thought it killed the cz and started waiting for a new cz to form.

Thanks for all your hard work and sharing this concept with us all!

dojirock
  • #3,393
  • Sep 10, 2012 3:15pm Sep 10, 2012 3:15pm
Quoting jamesfr
Think I'll join you on that one but only if it breaks up ,that 78.00 level will be a hard nut to crack (each to their own)
Thanks to pointing that out I totally forgot to zoom out on this pair.

As you might have noticed I am totally new to Forex and.. well this is a learning prose's. Thanks to FH and the system i got my demo account fixed without blowing it, a fragile micro account set up and hopefully by the end of September (looking good) an ECN account funded from this micro.
  • #3,394
  • Sep 10, 2012 3:41pm Sep 10, 2012 3:41pm
Quoting forexhard
Hey guys, here's a sneak peek at the EA. This pic is taken off the current live G/U M15. This example is based on a 5-part basket. Enjoy...
forexhard,

All I can say is Wonderful! What a wonderful pip reaper!
  • #3,395
  • Sep 10, 2012 4:32pm Sep 10, 2012 4:32pm
I'll need an EA as work and family keep me busy almost 24/7 already. I'm happing to see one forming on G/A to let me try it out though.
Attached Image (click to enlarge)
Click to Enlarge Name: 20120910-1619.gif Size: 40 KB
  • #3,396
  • Sep 10, 2012 5:08pm Sep 10, 2012 5:08pm
Quoting niepce
One year, 3300+ posts to get rid of weak time-based breakout systems from the past, now to introduce back again a time filter ?!
Dude, slow down! No one is introducing a time filter anywhere into the base SSBO system. But yes, the EA will have a time restricting filter for anyone that needs it. And it won't do ANYTHING to alter the formation of the CZ's, or modify the trading algo in general. If it helps, just think of it as an On/Off switch for the robot, which is basically all it really is.
To improve is to change. To perfect, is to change often.
  • #3,397
  • Sep 10, 2012 5:27pm Sep 10, 2012 5:27pm
Quoting dojirock
I missed something? FH just to clarify...after leaving the cz and re-entering...then a 5 candle new consolidation...the ea will then reset to start a new trade upon breaking out of the current cz again?....
Almost. Look at the pick again. TP1 was hit. Meaning that 1 trade out of 5 went to full TP, and the remaining 4 stopped out at BE +2p each. If TP1 was 25p, then all together that trade basket just earned 33p. If price just flops around from there and doesn't do anything worth taking note of, then yes, we're going to stop working that CZ and wait for the next one to form. But in this example price continued up and settled back into the original CZ (which happens a lot), and from this point a savvy trader might be looking for a second chance to trade this same CZ all over again.

In that case, he would be able to pre-select exactly how many bars he feels would be a "proper" pause before the next breakout in the sequence. 5 bars? 10? More? Less? You get the idea. And if that filter is triggered, then the EA will prime that exact same CZ again for another breakout with another basket of trades.

Does it make sense now?
To improve is to change. To perfect, is to change often.
  • #3,398
  • Sep 10, 2012 10:47pm Sep 10, 2012 10:47pm
FH,

Yes, thank you for breakin that down for me. I see know looking at it what you mean. I like the way it rechecks the cz option. Thanks for the response.

dojirock
  • #3,399
  • Sep 10, 2012 11:22pm Sep 10, 2012 11:22pm
Quoting dojirock
....I see know looking at it what you mean. I like the way it rechecks the cz option. Thanks for the response....
You bet. It only helps if you know what it's capable of. A mystery EA doesn't help anyone.

Keep in mind, the above scenario is what every other system calls a false breakout, something to be afraid of -- but me, I just look at it as another type of trading opportunity. And if you go back a few pages I show what happens when price keeps going after the breakout, without retracing to the opposite side of the CZ, with the multiple TP levels. So every type of breakout is covered.

I'm hard at work tossing ideas to Xux, and he's busy turning them into something all you guys can use. It's going to be a little while yet, but it's looking real good so far, and I can promise you guys it will be worth the wait.
To improve is to change. To perfect, is to change often.
  • #3,400
  • Sep 10, 2012 11:38pm Sep 10, 2012 11:38pm
Quoting forexhard
Hey guys, here's a sneak peek at the EA. This pic is taken off the current live G/U M15. This example is based on a 5-part basket. Enjoy...
Gee I wish I had known to set my TP yesterday for 25 pips instead of the usual 35, so now I am on trade 5 in my set! GRRR

The real problem here is there was no news due out yesterday of consequence, so I really should have laughed the day off. At the end of the day, the BO is all about reaction by the market to news, even then the news may not move the market if it is as expected.

I will wait for this EA to make its appearance, but I have a suspicion that our criminal friends will find a way to kill it.

Larry
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