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  • #3,841
  • Oct 29, 2012 4:48pm Oct 29, 2012 4:48pm
Another successful EU trade
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Wherever PA Goes ~I Go
  • #3,842
  • Oct 29, 2012 4:55pm Oct 29, 2012 4:55pm
it was said here or somewhere, ''when you trading actions begin to seem mundane and boring, that's when you finally graduate to being a full-time trader'' [my interpretation]...were it not for my love of volatility I'd be there already, this boxbreakout surely takes the cake.
  • #3,843
  • Oct 29, 2012 7:49pm Oct 29, 2012 7:49pm
Just entered this EU breakout. Nice one, went 93 bars...we'll see what happens...
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Wherever PA Goes ~I Go
  • #3,844
  • Oct 29, 2012 11:58pm Oct 29, 2012 11:58pm
Quoting Mister_M
Just entered this EU breakout. Nice one, went 93 bars...we'll see what happens...
Yeah ! Turned a bit south for the moment but the way this thing recovers is really great. Spent a bit of time playing with 5m vs 15m this am. and on EU at least the 5 min gives better result at 955 and 66 %. I can't get the 15m quite up to that and is lower win % at 55. Really looking forward to this being able to run 24/5 and full forward testing. It should turn in some serious results as it is looking now.
  • #3,845
  • Oct 30, 2012 1:28am Oct 30, 2012 1:28am
Quoting AltosTrader
Yeah ! Turned a bit south for the moment but the way this thing recovers is really great. Spent a bit of time playing with 5m vs 15m this am. and on EU at least the 5 min gives better result at 955 and 66 %. I can't get the 15m quite up to that and is lower win % at 55. Really looking forward to this being able to run 24/5 and full forward testing. It should turn in some serious results as it is looking now.
You hit the nail on the head as far as my "tweaking" has gone!

I know I'm new to the group here, but I am blessed to have the time to have spent a few hundred hours with this over the last 2 weeks. I could not get the EU M15 near as profitable and as good a RR as the M5. So that's how I ended up using the M5.

My other M5 pair, the AJ are the only 2 pairs I'm trading this method with. I've only been posting EU charts because I don't want to encourage anyone using the AJ pair. It can bee wild! Just 20 minutes ago it spiked 80 points in one bar! If you're not aware of any BOJ announcements...hold on!

Nice to have chatted..Green Pips to you always!

MD
Wherever PA Goes ~I Go
  • #3,846
  • Oct 30, 2012 2:23am Oct 30, 2012 2:23am
Well, I have EJ and GJ around the 11 - 1200 mark at low 60's on 15m. Surprised myself not to have AJ there as it is a pair I often trade. Just put it on now and will have a play. See where I can get it too.
Cheers.
  • #3,847
  • Oct 30, 2012 2:26am Oct 30, 2012 2:26am
2 for 2 this week so far on the EU M5...
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Wherever PA Goes ~I Go
  • #3,848
  • Oct 30, 2012 2:35am Oct 30, 2012 2:35am
Quoting AltosTrader
Well, I have EJ and GJ around the 11 - 1200 mark at low 60's on 15m. Surprised myself not to have AJ there as it is a pair I often trade. Just put it on now and will have a play. See where I can get it too.
Cheers.
Very nice on the EJ and GJ!!!

I do not trade any correlated pairs. The risk is never warranted...IMHO.

Cheers

MD
Wherever PA Goes ~I Go
  • #3,849
  • Oct 30, 2012 2:47am Oct 30, 2012 2:47am
4 stop loss on the eur / usd at 15m. Took transaction rules. What did I do wrong?


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  • #3,850
  • Oct 30, 2012 3:08am Oct 30, 2012 3:08am
[quote=vadimxsx;6143632]4 stop loss on the eur / usd at 15m. Took transaction rules. What did I do wrong?


If I may...

There's a very good chance you did nothing wrong..that's the currency market.

What would help is to have seen your indi settings attached to your chart in order to view the percentages of each leg...

MHO..

MD
Wherever PA Goes ~I Go
  • #3,851
  • Oct 30, 2012 3:14am Oct 30, 2012 3:14am
Hi all,

I've added a line to the indicator so that MT4 platform will send me Push Notification on my iPhone instead (works on Android too). You'll need to install MT4 mobile platform on your mobile device to work.

Also, changed the message so that it includes the timeframe of the chart where the message is generated from
E.g. M5 GBPUSD...... or M15 GBPUSD......

Reason is becuz I trade on both M5 and M15 with different T/P and S/L settings so it becomes essential that I know which chart is showing me signal when I do not have access to my computer at home.

Cheers!
Attached File(s)
File Type: mq4 AuthorizedSSBODynamicBreakoutBoxFinalEdition(with push notification).mq4   42 KB | 872 downloads
  • #3,852
  • Oct 30, 2012 3:42am Oct 30, 2012 3:42am
Quoting Mister_M
2 for 2 this week so far on the EU M5...
That is nice. Last week I took this machine offline because I thought it had a graphics issue. Nvidea GTX 450. Should be quite good. This morning when tweaking I had a near identical display to yours bit look at this. Machine goes back to service people tomorrow - obvious graphics issue now. Before never quite so obvious. I'll transfer SSBO to a laptop.
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  • #3,853
  • Oct 30, 2012 3:53am Oct 30, 2012 3:53am
Quoting AltosTrader
That is nice. Last week I took this machine offline because I thought it had a graphics issue. Nvidea GTX 450. Should be quite good. This morning when tweaking I had a near identical display to yours bit look at this. Machine goes back to service people tomorrow - obvious graphics issue now. Before never quite so obvious. I'll transfer SSBO to a laptop.
I KNOW your pain!

I now have 2 laptops in front of me all day and a third (oldest) as a backup.

That chart looks very familiar

MM
Wherever PA Goes ~I Go
  • #3,854
  • Oct 30, 2012 3:57am Oct 30, 2012 3:57am
Quoting Mister_M
Very nice on the EJ and GJ!!!

I do not trade any correlated pairs. The risk is never warranted...IMHO.

Cheers

MD
It's a moot point I believe. There are methods of trading baskets of correlated pairs. SSBO I don't feel, at this time, would be very bothered by spiking and I believe the EA may have a capability to catch same.

Just for interest I have AJ at 1307 and 63.5 % on m15. Trouble is this is all looking backwards. Roll on the forward tests.

Maybe FXH could chip in an opinion on spikes and the JPY. He is the master of trading this. The CHF is the one I keep off of although UJ is currently not very good. At present though I am running this to become familiar with its relation to market action. It seems one could happily trade just two pairs and make a nice return with larger positions.
  • #3,855
  • Oct 30, 2012 4:15am Oct 30, 2012 4:15am
Quoting AltosTrader
It's a moot point I believe. There are methods of trading baskets of correlated pairs. SSBO I don't feel, at this time, would be very bothered by spiking and I believe the EA may have a capability to catch same.

Just for interest I have AJ at 1307 and 63.5 % on m15. Trouble is this is all looking backwards. Roll on the forward tests.

Maybe FXH could chip in an opinion on spikes and the JPY. He is the master of trading this. The CHF is the one I keep off of although UJ is currently not very good. At present though I am running this to become...
1 pair or 6 pairs...it shouldn't matter. Using due diligence money management (say) 3%, you're spreading that out between 1-6 pairs. The outcome is the same.

For me personally, I am taking 4% spread between the 2 pairs I mentioned. Again "for me"...a lot less stressful :-)

MM
Wherever PA Goes ~I Go
  • #3,856
  • Oct 30, 2012 4:37am Oct 30, 2012 4:37am
Quoting Mister_M
1 pair or 6 pairs...it shouldn't matter. Using due diligence money management (say) 3%, you're spreading that out between 1-6 pairs. The outcome is the same.

For me personally, I am taking 4% spread between the 2 pairs I mentioned. Again "for me"...a lot less stressful :-)

MM
Yes, I think that is wholly viable from what we have seen so far but another 6 months will reveal all we want to know I think.

I am lucky with computers. I have two PC's and five laptops. My twin daughters like to have the latest, "coolest" stuff so I get their cast offs. Presently 2 x Sony Viao's that I have taken off Vista and put in XP-Pro to utlise the twin cores. My own 2, trade when travel, original LG laptops, an older ASUS or ACER, it's in a cupboard - oh! and another smaller Sony Viao I have not commisioned. It's just the b**** nuisance of swapping things around. This is a win 7 64 bit machine with good spec but I would sooner have my XP PC except I need win 7 for another FX application. The XP machine NEVER gives trouble. Look at that SSBO display though, the box is completely misplaced - and yes, the numbers will be familiar :-) - when I see something working well I am happy to try it. Now I gotta move the SSBO Profile and install another MT4. Already running three on the laptop.
Cheers.
  • #3,857
  • Oct 30, 2012 6:12am Oct 30, 2012 6:12am
Hello XUX99. I was tweaking SSBO this morning and found a good setup by copying Mr_M's 5 min EU parameters. Everything looked fine and I tweaked further but settled on his settings. Later in the day he reported TP so I checked my chart and it had gone all to he**. I am attaching two pics where the only difference is in the MinBarsClosedOutsideBO. 0 and 1 respectively but the difference this makes seems to be disproportionate and despite I am sure I have the same settings as Mr_M the result is very different.

This may be correct and it is myself who is mistaken but could you please have a look and see what you think ?
Many thanks.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: SSBO Min Bars Zero.jpg Size: 152 KB
Click to Enlarge Name: SSBO Min Bars 1.jpg Size: 154 KB
  • #3,858
  • Oct 30, 2012 7:16am Oct 30, 2012 7:16am
Quoting AltosTrader
....I am attaching two pics where the only difference is in the MinBarsClosedOutsideBO. 0 and 1 respectively but the difference this makes seems to be disproportionate and despite I am sure I have the same settings as Mr_M the result is very different.

This may be correct and it is myself who is mistaken but could you please have a look and see what you think ?
Many thanks.
AT, we have already had this discussion. The indi Guide clearly states that even the tiniest changes to the settings will have a big impact on your charts. What you are pointing out here is a perfect example of what I mean.

Both myself and SWG123 have described how the indi 'does what it does'. I suggest you scroll back 40 pages or so and find those posts and study them until it all 'clicks'.
To improve is to change. To perfect, is to change often.
  • #3,859
  • Oct 30, 2012 7:37am Oct 30, 2012 7:37am
Quoting Jayf19
A picture is worth a thousand words, consider the attached example. (also note that the movements are fictitious just to illustrate what I mean)

Had I set the QTP to, say 60 for example... I know it's exaggerated but this is strictly for illustration purposes. The first box, which currently hits QTP at 15, the first trade of the set, has hit S/L at around 40 pips (pentagon on my illustration). Trade 2 (in pentagon as well) would have opened with a T/P set at 40 pips (equal to the previous S/L). Having the Trade Set still opened based on the...
AT; applying the same conceptual logic as described in my previous post, a single trade might be drastically changed from a single MinBO switch, which in turn ends up changing all the subsequent setups. I won't post an example, as I feel this explanation covers enough for you to "see" the rest.

(Picture is on page 249)
  • #3,860
  • Oct 30, 2012 8:34am Oct 30, 2012 8:34am
Into trade 3 on the EU...Let us see..
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Wherever PA Goes ~I Go
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