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  • #3,921
  • Nov 7, 2012 2:27am Nov 7, 2012 2:27am
Yes, sir.

After the "choppy" market of yesterday, I set up a limit order before going to sleep. It fired where indicated and hit my TP in the early morning.

(Who is a president to affect markets, eh? Sh|tty br0kers like 0anda affect the markets with their 10× spread around news events...)
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  • #3,922
  • Nov 7, 2012 2:33am Nov 7, 2012 2:33am
Quoting sanmiguell
Sorry guys can someone explains me better the martingale box option? In the "final edition guide" in the first chart i see 2 consecutive losses -24 and -24, then 1 in profit +24. But the count is -24, -48, +96. But i think the real gain is -24...Or not?
martingale sequence:

lets say start lot 0.1:

24 x 0.1 loss = -24
24 x 0.2 loss = -48
24 x 0.4 win = +96

total pips = -24
total dollar = +24

this is the strength and the danger of martingale

Thomas
  • #3,923
  • Nov 7, 2012 2:41am Nov 7, 2012 2:41am
Quoting tutsola
martingale sequence:

lets say start lot 0.1:

24 x 0.1 loss = -24
24 x 0.2 loss = -48
24 x 0.4 win = +96

total pips = -24
total dollar = +24

this is the strength and the danger of martingale

Thomas
Thanks Thomas! I thought it was not a money martibgale but pips martingale...
  • #3,924
  • Nov 7, 2012 7:39am Nov 7, 2012 7:39am
Having looked at various combinations and methods with this system, I decided to cut down on markets used and tried to increase the first trade win percentage whilst NOT using martingale as I personally don't feel comfortable with it.

This is what I have come up with. With only one trade 3, and seven trade 2's, there's only one instance where you wouldn't have claimed back what you lost.

Coupled with a compounding method, 643 odd pips over 100 days is fantastic return, without using martingaling.

Plus your only dealing with one market.

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  • #3,925
  • Nov 7, 2012 9:01am Nov 7, 2012 9:01am
It is a good day doing SSBO
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  • #3,926
  • Nov 7, 2012 9:31am Nov 7, 2012 9:31am
This is what I have come up with. With only one trade 3, and seven trade 2's, there's only one instance where you wouldn't have claimed back what you lost.

Coupled with a compounding method, 643 odd pips over 100 days is fantastic return, without using martingaling.

Plus your only dealing with one market.

This is almost true but remember that if you take only 1 breakout per CZ, the next CZ will not be exactly at the same place than if you had taken 3 trades per the first CZ. So maybe the result can be changed. This is a recurrent question here.

Change MaxBreakoutPerCZ parameter to 1, 2 and 3 and

- See that he number of CZ changes.
- See that the percentage Win / Lost changes too.
  • #3,927
  • Nov 7, 2012 10:41am Nov 7, 2012 10:41am
Quoting A.w.o.l
Having looked at various combinations and methods with this system, I decided to cut down on markets used and tried to increase the first trade win percentage whilst NOT using martingale as I personally don't feel comfortable with it.

This is what I have come up with. With only one trade 3, and seven trade 2's, there's only one instance where you wouldn't have claimed back what you lost.

Coupled with a compounding method, 643 odd pips over 100 days is fantastic return, without using martingaling.

Plus your only dealing with one market.

Attachment ...
Thank you for your post, Awol. I think I was able to reach something similar.

Many thanks FXH, Xux99 and all the contributing traders for this wonderful system and great tools.
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  • #3,928
  • Edited 11:16am Nov 7, 2012 10:43am | Edited 11:16am
This makes 14 consecutive TP trades on GU.
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  • #3,929
  • Nov 7, 2012 11:24am Nov 7, 2012 11:24am
Quoting lt_forex
This is what I have come up with. With only one trade 3, and seven trade 2's, there's only one instance where you wouldn't have claimed back what you lost.

Coupled with a compounding method, 643 odd pips over 100 days is fantastic return, without using martingaling.

Plus your only dealing with one market.

This is almost true but remember that if you take only 1 breakout per CZ, the next CZ will not be exactly at the same place than if you had taken 3 trades per the first CZ. So maybe the result can be changed....
For me, changing maxbreakoutpercz has no effect as my settings are geared towards and show 3 trades max anyway. I have 6 max trades showing so that I can root out any rogue 4th trades etc which gives a tighter CZ, better win rate and higher first trade complete ratio.
  • #3,930
  • Nov 7, 2012 12:23pm Nov 7, 2012 12:23pm
Quoting A.w.o.l
For me, changing maxbreakoutpercz has no effect as my settings are geared towards and show 3 trades max anyway. I have 6 max trades showing so that I can root out any rogue 4th trades etc which gives a tighter CZ, better win rate and higher first trade complete ratio.
Now you're getting it! It's a great feeling, finally seeing the daylight poking through the clouds!

Everyone, read AWOL's message again. He's not setting up his diagnostics for 6 bounces because that's what he expects will happen, but because it will help him avoid the extra unwanted trades. It's a simple yet very powerful adjustment in perspective. My entire trading style (and by extension, this thread) is based on this principle of expecting the worst but hoping for the best.

Nice job, AWOL.
To improve is to change. To perfect, is to change often.
  • #3,931
  • Nov 7, 2012 5:02pm Nov 7, 2012 5:02pm
Quoting forexhard
Now you're getting it! It's a great feeling, finally seeing the daylight poking through the clouds!

Everyone, read AWOL's message again. He's not setting up his diagnostics for 6 bounces because that's what he expects will happen, but because it will help him avoid the extra unwanted trades. It's a simple yet very powerful adjustment in perspective. My entire trading style (and by extension, this thread) is based on this principle of expecting the worst but hoping for the best.

Nice job, AWOL.
Thanks dude, there's been some good posts from me and some less spectacular ones I'll admit but the rocky road is finally smoothing out. Another truth I will admit here and now is that I didn't get my money management side of things set up correctly.

My previous settings showed on one market a maximum of 4 trades over the previous 3 months...I was making money martingaling etc and then bam.....one day the inevitable happened....a fourth trade failed and I didn't care to lose more. My own fault. My own mistake. My own failing. I didn't set myself up to succeed, instead all the hours I'd put in to find sweetspots had been for nothing because I hadn't done all my homework!

However....a strange thing occured. My reaction wasn't that of despair or distrust of the system.....it was actually the realisation that I was in tune with the system in terms of finding sweet spots but that I personally had too many markets trying to squeeze too many pips with a money management system that "I" wasn't comfortable with.

I'm grateful that the above happened. Why? Because I now know that I don't need to strain and scrimp for every last pip that I can. I can instead concentrate on one market. Compound up when I win or down when I lose and over time, that 80%+ edge will tell its own story. Will the markets go beyond 3 trades? Ever likely....do I care..... no.......am I prepared....I think so.

Its not just understanding how the system works....its understanding why it works. Are you happy with 640 pips over a 3 month period which equates to a fantastical amount using simple compounding up....or twice as many pips martingaling?

They say all you need is 10 pips a day.....well, you do the maths.

Good luck guys....keep searching for your comfort zone with this system and you will find it. Of that there is no doubt. Remember....slow and steady wins the race.....tight range.....many bars = solid settings....

Also, please please please take a look at the interactive trading threads......"i'm long because x hasn't broken y's line of resistance and x and y indicators haven't crossed over yet" BLA BLA BLA......

Conversely guys: "We have a box that we trade breakouts from....no headaches, no guessing, no misinterpretation....simplicity pure and simple!"

Much love everybody...life is good!
  • #3,932
  • Nov 7, 2012 9:48pm Nov 7, 2012 9:48pm
Not too many traders get to a point where you are awol. When it finally happens, it brings a smile to me. Good to see a few come this far and have a chance at making it. fxhard, no pun intended...


  • #3,933
  • Nov 8, 2012 4:20am Nov 8, 2012 4:20am
sGU for fun
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TRADE FOR SWAP
  • #3,934
  • Nov 8, 2012 4:21am Nov 8, 2012 4:21am
BTW the alert to iphone is too cool for school, tx
TRADE FOR SWAP
  • #3,935
  • Nov 8, 2012 6:41am Nov 8, 2012 6:41am
Here we go on GU.....this is where most would quake in their boots and panic and run and sweat.....but not us.....no....

Lets see where price takes us over the next few hours....

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Boom chaka waaah waah!
  • #3,936
  • Nov 8, 2012 6:51am Nov 8, 2012 6:51am
Incidently guys for anyone looking at my charts the ONLY other indicator I use if you can call it that is the ATR projection for the day....doesn't effect the system whatsoever but does give me a rough idea of the GU's ATR for the day.....

I mainly used it to help me zoom in on likely QTP settings. I reiterate, its not essential, its not important but it "may" help some get a rough idea of the characteristics of their chosen currency.

Also just because price bounced off the yellow line in my screenshot for today doesn't mean ATR projections are hard and fast holy grails. I can't stress enough that the system should be kept to its bare minimum.

I hope this post is acceptable. If not, say the word and its gone with my apologies. I just found ATR projections useful as a guide.
  • #3,937
  • Nov 8, 2012 7:20am Nov 8, 2012 7:20am
I got out in time!
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  • #3,938
  • Nov 8, 2012 8:16am Nov 8, 2012 8:16am
Quoting lt_forex
Great, go it too... almost same settings / same results.

As long as the market has volatility, this system will work very great.

15 consecutive good trades with GBP/USD... even with particular timed-events like the US elections... "what else ?"

The market actually don't know where to go: one day up and back to the CZ, today down and back to the CZ... with SSBO you don't have to care. The only thing we have to care is that the market moves enough.

But ATR like other indicators can only predict the PAST...

BILLION THANKS !!!!!!!!!!!!!!!!...
Absolutely 100% agree and I said I used ATR projection to help me zoom in on my current settings but like we say time and time and time again....past performance is not an indicator of future success......

Today is an excellent example and test of the mechanics of SSBO.

The market goes crazy....however the box doesn't.....its in exactly the same place giving you exactly the same reference point.

Enjoy your day guys......keep the faith!
  • #3,939
  • Nov 8, 2012 11:20am Nov 8, 2012 11:20am
Sorry guys another question. In the indicator i see 4 voices:
close trade 1=....%win
close trade 2=....%win
close trade 3=....%win
close trade 4=....%win

Since i get better result on 3 and 4, what does it means?

Thanks
  • #3,940
  • Nov 8, 2012 12:13pm Nov 8, 2012 12:13pm
Quoting sanmiguell
Sorry guys another question....Since i get better result on 3 and 4, what does it means?....
It means that you should go to page 215 and slowly read the next 48 pages until your questions are answered. The answers are there, you just need to go look for them.
To improve is to change. To perfect, is to change often.
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