Extracted Thread (per thread starter's request) | Page 173 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Attachments: Extracted Thread (per thread starter's request)
Exit Attachments

Extracted Thread (per thread starter's request)

  • #3,441
  • Sep 13, 2012 1:05am Sep 13, 2012 1:05am
although I'm still looking for my settings on this pair
Attached Image (click to enlarge)
Click to Enlarge Name: ej-20120912-2302.gif Size: 54 KB
  • #3,442
  • Sep 13, 2012 2:39am Sep 13, 2012 2:39am
Quoting forexhard
Subs, I'm still waiting for you to make a post that doesn't include the subject of Martingaling or lot size recovery. You seem almost fixated on the subject even after repeated warnings, and this is troubling to me.

So again, please stop. I'd really like to see a dozen posts from you that only focus on naked trading and no mention of lot recovery.

I really hope I'm getting through to you...
Hey FXH, just a quick one regarding the Upcoming EA. I've been having my success with a semi martingale approach to SSBO. When I first started participating in the thread Sue was kind enough to share her MM strategy, which I've adopted and it works for me.

So I was wondering if we'll be able to amend lot sizes or the amount of lots on within a trade set (after the 1st trade)?

Hope this makes sense. Just wondering

Thanks as always

Casey
I never know what's gonna happen, so how can I be wrong?
  • #3,443
  • Sep 13, 2012 4:19am Sep 13, 2012 4:19am
Quoting subs
which looks like it may reverse at least once before it does its thing
Which it did and closed at the TP.
Attached Image (click to enlarge)
Click to Enlarge Name: ga-20120913-0218.gif Size: 48 KB
  • #3,444
  • Edited 4:22am Sep 13, 2012 4:22am | Edited 4:22am
Quoting subs
although I'm still looking for my settings on this pair
And it is now in the running after 83 bars.
Attached Image (click to enlarge)
Click to Enlarge Name: ej-20120913-0221.gif Size: 55 KB
  • #3,445
  • Sep 13, 2012 4:44am Sep 13, 2012 4:44am
Quoting caseypin
Hey FXH, just a quick one regarding the Upcoming EA. I've been having my success with a semi martingale approach to SSBO. When I first started participating in the thread Sue was kind enough to share her MM strategy, which I've adopted and it works for me.

So I was wondering if we'll be able to amend lot sizes or the amount of lots on within a trade set (after the 1st trade)?

Hope this makes sense. Just wondering

Thanks as always

Casey
If you get a chance, would you mind sharing your version of this please? I had a long look at trying to implement it myself. I found that doubling the profit factor whilst reducing stops ended up giving me something like a 1:5/6 R/R ratio? I.e. 10 pip stop loss and shooting for a TP of 65 or so.

Below is an example for my A/U trading setup using Sue's semi martingale...(just to show I'm not asking for a handout and actually have had a go!)

Trade SL TP Stake Profit Factor
1 28 29 0.7 0.7
2 25 40.0 0.9 1.4
3 20 51.0 1.1 2.8
4 16 66.0 1.4 5.6
  • #3,446
  • Sep 13, 2012 5:00am Sep 13, 2012 5:00am
Quoting A.w.o.l
If you get a chance, would you mind sharing your version of this please? I had a long look at trying to implement it myself. I found that doubling the profit factor whilst reducing stops ended up giving me something like a 1:5/6 R/R ratio? I.e. 10 pip stop loss and shooting for a TP of 65 or so.

Below is an example for my A/U trading setup using Sue's semi martingale...(just to show I'm not asking for a handout and actually have had a go!)
Hey AWOL, no worries. I'll be honest it's not hard and fast rules. Especially if your CZ box has the auto reduce option on. As this means the RR ration can be better. So I have a calculator at the ready

But basically I do this as my risk appetite (and capital) are fairly low.

First trade - whatever you choose

Second trade - Increase lot size to suit your own style (personally about 30%) At this point I keep the stop loss and TP the same.

Third trade - At this point some discretion comes into it. If at all possible I prefer to keep the SL and TP the same (as this is how my indi has worked out previous results so makes sense)
But I will examine the chart and If I find a realistic point of S or R (possibly fib level) where I can aim my TP, and therefore reduce the amount I have to increase the lot size.

And by the fourth trade I am looking to BE. Just to be safe and not greedy.

All that said when I sit and watch the charts with SSBO indi, you may as well just martingale it, as it always works
I never know what's gonna happen, so how can I be wrong?
  • #3,447
  • Sep 13, 2012 5:32am Sep 13, 2012 5:32am
Quoting caseypin
Hey AWOL, no worries. I'll be honest it's not hard and fast rules. Especially if your CZ box has the auto reduce option on. As this means the RR ration can be better. So I have a calculator at the ready

But basically I do this as my risk appetite (and capital) are fairly low.

First trade - whatever you choose

Second trade - Increase lot size to suit your own style (personally about 30%) At this point I keep the stop loss and TP the same.

Third trade - At this point some discretion comes into it. If at all possible I prefer to keep the SL...
Interesting CP interesting......

The way I configure my pairs means that currently my stats show no more than 4 trade sets on each pair.....basically at the moment, there hasn't been a fifth trade.

I had a play around yesterday and seem to have found a good base setup for several pairs (GU,AU,EU,UCAD,AJ,EJ,GJ).

Firstly I will never have more than one trade active. Obviously.

Secondly, it comes down to trusting in the edge that the system provides......its realistic (not probable of course, we can't predict) to say that the chances of a fifth reversal using my settings which don't show a fifth trade or fourth reversal..........are slim...

It will happen at some point of course, but in the long term, you'll make back that loss so long as your settings are as tight as they can be.

Which brings me onto my next point......when that fifth reversal does happen, in terms of settings adjustment......what do you do?

The way I implement my settings is to fiddle with everything until there are no 5th and 6th trades showing......I then play around with the TP until I get the biggest pip total without getting a 5th and 6th trade.....

Part of the learning curve to finding the sweet spot is knowing that literally everything affects everything on the indicator and which is why you get such interesting settings for different pairs. Of course using an ATR indicator like I do gives you an idea that when the ATR is low you need to be shooting for lower pips and small pip range CZ's....

We've discussed the Martingale issue to death I know, and FH is getting tired of it which I can appreciate. Currently I'm trusting my settings to Martingale 4 trades and no more. That coupled with hopping into markets that have reversed a couple/three times already having completed my original trade might increase my profit....
  • #3,448
  • Edited 8:47am Sep 13, 2012 8:06am | Edited 8:47am
EJ finally broke out and successfully hit QP this morning (Eastern time) now moved SL to BE

GU also broke out to the long side this morning so i entered a trade but now it is currently breaking to the other side. the way I trade the BO is that I leave a little extra room on the other side of the CZ buffer line so that i wont get stopped out by spikes and give more confidence to the BO. Its worked so far in the past. Does anyone else do this or are all stops placed at the other end of the CZ? I know by doing this i will miss the next BO but it seems to be working thus far

Update 946am est
GU stopped out now placed limit order for a short
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd 1h start.gif Size: 60 KB
Click to Enlarge Name: gu.gif Size: 57 KB
  • #3,449
  • Sep 13, 2012 8:32am Sep 13, 2012 8:32am
Quoting nickp89
EJ finally broke out and successfully hit QP this morning (Eastern time) now moved SL to BE
Nice pips on the EJ

--

USDJPY struck home once more. Risk Reward Ratio on this one is terrible but what the heck.
Attached Image (click to enlarge)
Click to Enlarge Name: 20120913 uj 02.gif Size: 24 KB
  • #3,450
  • Sep 13, 2012 8:52am Sep 13, 2012 8:52am
Quoting nickp89
EJ finally broke out and successfully hit QP this morning (Eastern time) now moved SL to BE

GU also broke out to the long side this morning so i entered a trade but now it is currently breaking to the other side. the way I trade the BO is that I leave a little extra room on the other side of the CZ buffer line so that i wont get stopped out by spikes and give more confidence to the BO. Its worked so far in the past. Does anyone else do this or are all stops placed at the other end of the CZ? I know by doing this i will miss the next BO but it...
Unlike most people on here I would imagine.....I don't use MT4....instead I use ETX capital...

This gives me a headache in the way that I have to transfer what I see on my MT4 demo account to my actual real life account. Its no biggie but does mean my stops are bigger as the spread is bigger on ETX.

The benefit is that they have trade through charts which means placing trades and pending orders are easy....

This relates to your question because despite the pip difference and more complicated implementation, I still have had great results using the CZ for stop loss.....it means everything is more mechanical to me (in my opinion, I'm sure many will disagree) and keeps things simple and less confusing.

Also when record keeping.....you all should be doing this!.......it keeps results as stable as possible and makes it easier to digest when looking back. That and as and when settings need to be adjusted it provides a solid platform to compare past and present.

Just my opinion, I'm a novice, but it works for me...if it works for you...why change it?
  • #3,451
  • Sep 13, 2012 8:58am Sep 13, 2012 8:58am
did anyone did some research yet?

here's today's oil chart, I missed it though, due to being stupid for not being on comp. and didn't put a pre-order.

Attached Image (click to enlarge)
Click to Enlarge Name: 13-sep_6-49.gif Size: 69 KB
  • #3,452
  • Sep 13, 2012 10:00am Sep 13, 2012 10:00am
Quoting ghpk
did anyone did some research yet?

here's today's oil chart, I missed it though, due to being stupid for not being on comp. and didn't put a pre-order.

Attachment

I've got my oil chart up but wasn't on the comp when it broke. Just getting my legs so didn't have a pre order set. Also just showed a break on the footsie. Looks like the cz's may work across all markets.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: oil.jpg Size: 88 KB
Click to Enlarge Name: footsie.jpg Size: 147 KB
  • #3,453
  • Sep 13, 2012 10:15am Sep 13, 2012 10:15am
Quoting subs
Which went straight to TP
I got that one too... so "clear" as the market is strongly trending up.

For any EA : separate opening orders and setting TP/SL please.

OrderSend (...) wih TP/SL = 0
then OrderModify ( ... ) with desired values

This ways it should work with all bokers.

Many Many thanks guys...
  • #3,454
  • Sep 13, 2012 12:50pm Sep 13, 2012 12:50pm
Quoting A.w.o.l
....We've discussed the Martingale issue to death I know, and FH is getting tired of it which I can appreciate....
Well if you know it, then why don't you stop? (<--Rhetorical question.)

There are dozens of possible tools at our disposal, some are less risky to use, and some are more, and I think it's wrong to ignore any of them; I think all of them should be given some attention some of the time, including so-called tabboo subjects like Martingaling. But there always needs to be a balance, and once the tipping of the scales becomes too obvious, it's time to reevaluate priorities and get things back on track. So work with me guys: tabboos are fun to talk about, but they shouldn't drive the thread. SSBO is still a naked trading system, and always will be, even with custom indis and EA's. If you lose sight of that, then you lose sight of what makes the system special, and you can expect your trading to suffer as a result.
To improve is to change. To perfect, is to change often.
  • #3,455
  • Sep 13, 2012 2:03pm Sep 13, 2012 2:03pm
Quoting subs
Which it did and closed at the TP.

Hey Subs

Why didnt you enter a short trade on the G/U once it broke the bottom of the CZ zone at 9:30 this morning? Two albeit weak candles broke outside the bottom CZ zone. It would have been S/L so it was a wise decision because the price reversed as you indicated. But how did you come that conclusion?

Thanks In Advance

Mo
  • #3,456
  • Sep 13, 2012 3:01pm Sep 13, 2012 3:01pm
Quoting MoMo87
Hey Subs

Why didnt you enter a short trade on the G/U once it broke the bottom of the CZ zone at 9:30 this morning? Two albeit weak candles broke outside the bottom CZ zone. It would have been S/L so it was a wise decision because the price reversed as you indicated. But how did you come that conclusion?

Thanks In Advance

Mo
Hi Mo,

Can you post a chart? I'm not sure which time zone you or your brker us either so I'm not sure which bars you mean. As for why it reversed? It was just a guess based on what I saw.
  • #3,457
  • Sep 13, 2012 3:59pm Sep 13, 2012 3:59pm
Quoting spyderman
I've got my oil chart up but wasn't on the comp when it broke. Just getting my legs so didn't have a pre order set. Also just showed a break on the footsie. Looks like the cz's may work across all markets.
Glad to see I have some company here.
FH stated I was the 3rd to talk on this, You should be either one of earlier two or the 4th to show it works.
I am on pg 72 and still to find mention of oil in past.

Together we oil lovers can refine and prove the worth of this excellent method.

Thanks forexhard.
  • #3,458
  • Edited 4:08pm Sep 13, 2012 4:03pm | Edited 4:08pm
The Final Edition Guide says for "Box Ranges: Maximum height in pips...". So decreasing this parameter should only decrease the number of CZs found, right?

Altering only this parameter from 20 to 19 to 18 gives 50, 23, 43 CZs as seen in the screenshots.

This is on EU M15. Am I missing something, or may that be a bug?

Thanks,
DKC

edit: for other values <18 or >20 it works as expected: less pips --> less CZs, more pips --> more CZs. It is just with 19 and some decimals around.
Attached Image
  • #3,459
  • Sep 13, 2012 4:08pm Sep 13, 2012 4:08pm
Quoting subs
Well the settings did. I'm going to have to do something simple to automate this!
Got stopped out since I don't go to 6 trades. Waiting for a new one to form.
Attached Image (click to enlarge)
Click to Enlarge Name: gu-20120913-1404.gif Size: 45 KB
  • #3,460
  • Sep 13, 2012 4:49pm Sep 13, 2012 4:49pm
Quoting dropkick-cat
The Final Edition Guide says for "Box Ranges: Maximum height in pips...". So decreasing this parameter should only decrease the number of CZs found, right?

Altering only this parameter from 20 to 19 to 18 gives 50, 23, 43 CZs as seen in the screenshots.

This is on EU M15. Am I missing something, or may that be a bug?

Thanks,
DKC

edit: for other values <18 or >20 it works as expected: less pips --> less CZs, more pips --> more CZs. It is just with 19 and some decimals around.


Could you please post your entire setting string I am interested in duplicating it.
TF
pairs
Candles out
Buffers
QTP
SL
SL OR
ETC the whole lot every setting.

Generally reducing the range does decrease the weekly trades but you might have hit some interesting numbers there.
3 traders viewing now