Disliked....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.
LarryIgnored
To improve is to change. To perfect, is to change often.
1 trade per pair per year 6 replies
multiple systems per pair/multiple pairs per system? 3 replies
Extracted Post (per poster's request) 0 replies
Trading 24 hours per day, 5 days per week 14 replies
Disliked....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.
LarryIgnored
DislikedYou 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...Ignored
DislikedNO, the indi does NOT have Martingaling hard coded! It can be turned off by switching BoxMartingale to False. And yes, the EA will have the same option. But NEITHER will have it hard coded, and Martingaling is NOT a recommended full time element of SSBO. I don't know how I can make it any clearer.
Subs, you have yet to post any charts or talk about your SSBO experiences in general. Please do so before you spend any more time talking about the EA or Martingaling. That goes for anyone else in the same boat. I'm already pissed off at having...Ignored
DislikedMartingaling is NOT a recommended full time element of SSBO. I don't know how I can make it any clearer.Ignored
DislikedIt sounds like you're planning on using it with alive acct. Not something I can condone, my friend. Better if you think of it as a video game to kill time with on demo, and leave your real acct as naked as possible.Ignored
Disliked....so in just one range sesion it went to the fifth (on more and my acc will be blown right now).Ignored
DislikedI totally agree with that, before this trade, my stats were telling me that with this configuration it never went trough the third trade (post5999456 (http://www.forexfactory.com/showthread.php?p=5999456#post5999456) )....so in just one range sesion it went to the fifth (on more and my acc will be blown right now).Ignored
DislikedI have a nice fat demo a/c that it can play on, I never trust an EA on live until it is bullet proof working as per specification.
You should release it and let us find the bugs in it if any are left.
LarryIgnored
DislikedTwo 5 M trades in the basket in EU, 15 M still in the works.
USDJPY set up for the night.
AttachmentIgnored
DislikedIn attached picture you can see CHF/JPY, it was optimized in such way that the 5th attempt had a 100% succes rate.Ignored
DislikedWinners again on the GU and AU, my two preferred pairs. I'm having so much success at the moment but I know I need to sort this martingaling situation as it can't last forever can it.
I spent ages fiddling with the gentle martingaling that Sue uses but whilst it reduces the amount risked, reducing the stops, the chances of getting stopped out increase obviously and we all know how price fluctuates. Also aiming for higher pips reduces the "window" further as your asking more from the market......as I always say though, it works for Sue and...Ignored
DislikedThe rule of thumb I have come to terms with, is that I am happy to see 2.5 CZ's on average per pair per time frame. So if I am running 4 pairs and 2 TF's per pair (which is normal for me), this is a starting ratio of 8. Now multiply 8 by 2.5 and you have exactly 20. So I am now only expecting, at the most, 20 tradeable CZ's per week with my usual settings.
So even if I lose 30% of my breakouts (never happens, but let's suppose...), that's six out of 20 trades going against me. With my usual SL of around 35 pips on average, this means I would have lost 210 pips that week. Out of roughly 700 possible. So I'm still ahead 490 pips -- and this would be for a week like I haven't seen in over 18 months.Ignored
DislikedGee 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.
LarryIgnored
DislikedHi A.W.O.L. I have been thinking on this quite a bit as well and I certainly appreciate the discussion. To use Martingale or not of course has a big impact on the chosen risk amount.Ignored