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  • #3,941
  • Nov 8, 2012 12:43pm Nov 8, 2012 12:43pm
Hi FxH,

Hope you are keeping well.. Not sure if you recall but we spoke on skype a couple of weeks ago (I'm in London). I've been trading your SSBO manually when I'm able to and I must say it rocks!

I'm now using the 'push' notification now to try and help me trade this when I'm out and about but the one thing I'm missing is the stop loss figure. I've been modifying the code as best I can but I don't know which variable holds the SL figure. So far I've used the following variables with no success:

1) highBOcont
2) StopLoss
3) trade_SL

Do you have any idea which variable I can add to the code? I've copied the code segment just below for ease of reference.

void send_trading_signal(int type, double price)
{s1=StringConcatenate(WindowExpertName(),":",StringSubstr(Symbol(),0,6)," ",op_str[type]," Signal","; StopLoss = ",DoubleToStr(StopLoss,Digits),");
if (SignalMail) {SendMail(s1,StringConcatenate(StringSubstr(Symbol(),0,6),":",op_str[type]," @ ",DoubleToStr(price,Digits)));}
if (SignalAlert) {SendNotification(s1);}
if (SignalPrint) {Print(s1);}
}

Perhaps Xux99 may be able to help..?

I hope you don't mind my asking?

Kind regards,
Steve.
  • #3,942
  • Nov 8, 2012 12:46pm Nov 8, 2012 12:46pm
Apologies, forgot to mention that I need the Quick Take Profit figure as well..

Thank you in advance.

Kind regards,
Steve.
  • #3,943
  • Nov 8, 2012 7:37pm Nov 8, 2012 7:37pm
I have similiar story to that of AWOL, i started using martingale with this system and for about a month i could do no wrong made around 25% in the month, with stats showing that i won around 65% of the time and about 4 consecutive loses on each pair I was content that i could handle a losing streak of 4 trades. But then BAM it happened every trade i got into would be a loser and soon lost all the profit i had made from my account. Now I decided to re read the thread again and am starting to see that i got too caught up with the martingale because the system alone is amazing and working and i can vouche for that. So now I am doing the same thing as AWOL and making sure that all my trade 3's close out with 100% and to be honest im feeling alot more confident and relaxed now that I am not using martingale. Also didnt realize how much of a difference changing the buffer and minbar closed outside would be, changed most of my win percents from 55% to around 74% - changing the buffer size is one of the major points i found out while re reading the thread, I still have the tight and long zone but now since i increased my buffer and minbar closed (and not just simply entereing on a one bar close and a retest, what i was doing before) im eliminating alot of the so called "false breakouts"

So here's example of the UJ on M5 I took today around 11am EST closed out with a nice profit and another zone is forming. Starting to be a whole lot more fun again!
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  • #3,944
  • Nov 8, 2012 8:04pm Nov 8, 2012 8:04pm
Quoting nickp89
I have similiar story to that of AWOL, i started using martingale with this system and for about a month i could do no wrong made around 25% in the month, with stats showing that i won around 65% of the time and about 4 consecutive loses on each pair I was content that i could handle a losing streak of 4 trades. But then BAM it happened every trade i got into would be a loser and soon lost all the profit i had made from my account. Now I decided to re read the thread again and am starting to see that i got too caught up with the martingale because...
Just curious to know what your Trade Management strategy is after a loss on Trade1 if you're not martingaling. Take the loss and wait for the next CZ? Re-enter at Trade2 with the same lot size in hopes to BE?

Thank-you in advance.

MM
Wherever PA Goes ~I Go
  • #3,945
  • Nov 8, 2012 8:25pm Nov 8, 2012 8:25pm
I have been doing the same thing - after spending some fruitful time this week, I too was counting on the martingale and thanks to awol's confirmation that I was indeed heading in the right direction I spent the day widening my buffers, adding bars and increasing the bars closed. My avoidance of loss mentality was driving my pursuit of the best settings with a back door of using the martingale if things didn't work out on the first trade. I have now worked it out so I am on the 70% to 80% win on the first trade. I only see the value of taking what I call a number 2 (Italy) trade or a number 3 (Hawaii) trade if I open my charts and price is giving me the opportunity for a new position on a cz that I have not traded. I know it will be tempting to take that second trade while in the heat of the market - my goal for the next week is to stop myself from doing so.
I make money anywhere in the world by taking orders
  • #3,946
  • Nov 8, 2012 8:44pm Nov 8, 2012 8:44pm
As OP let me step in here and say how much I appreciate the thoughtful and professional attitudes I see being displayed around here lately. No need to name names, you guys know who you are. It's very gratifying for me to see you guys work your way through a troubling issue by digging out the answers from right here in the thread. It's all right there in black and white, but it's easy to miss an important detail (or three, or 10) the first time through.

Great job guys, keep it going...
To improve is to change. To perfect, is to change often.
  • #3,947
  • Nov 8, 2012 9:05pm Nov 8, 2012 9:05pm
Sorry this has taken so long but i just want to say thank you FXHard, Squalo, XU99 and everyone else in the thread for all their work

@Mister_M
yeah you got it, I simply enter again on trade 2 with same lot size, after my profits being blown out by my semi martingale approach im more content with BE and waiting for the next zone to bank more pips. Greed and not wanting to lose a trade is the major reason I found was behind my reasoning for using semi martingale. But, I learned that you have to overcome the greed and accept and analyze your losses so that you can improve your zones.

Remember too that if you compound 1% daily it adds up pretty quick and your risking the same amount
  • #3,948
  • Nov 8, 2012 9:42pm Nov 8, 2012 9:42pm
Hats off to you FXH for starting this thread! A real good group of traders here.

doji
  • #3,949
  • Nov 8, 2012 11:46pm Nov 8, 2012 11:46pm
Quoting dojirock
Hats off to you FXH for starting this thread! A real good group of traders here.

doji
HA! Starting a thread is easy, anyone can do it, just look around! LOL
To improve is to change. To perfect, is to change often.
  • #3,950
  • Nov 9, 2012 4:37am Nov 9, 2012 4:37am
We were due a third trade on GU and now we're likely to have it today as trade 2 stopped out earlier. As luck would have it I happened to be asleep when the trade 2 signalled so fortunately I get to enter trade 3 effectively as trade 2.

We have to go back all the way to September 4th to find a 3 trade CZ using my settings.....not bad is it?

Lets see where PA takes us today. Hopefully, we'll see the GU now take a solid direction. I have 60 odd pips to capture at a lower compounded stake so its time to sit back, relax and let the market do its thing.

I wonder if we'll now see a mini revenge arc south?.....
  • #3,951
  • Nov 9, 2012 4:51am Nov 9, 2012 4:51am
I just entered short on GU
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  • #3,952
  • Edited 6:32am Nov 9, 2012 6:07am | Edited 6:32am
Quoting nickp89
Sorry this has taken so long but i just want to say thank you FXHard, Squalo, XU99 and everyone else in the thread for all their work

@Mister_M
yeah you got it, I simply enter again on trade 2 with same lot size, after my profits being blown out by my semi martingale approach im more content with BE and waiting for the next zone to bank more pips. Greed and not wanting to lose a trade is the major reason I found was behind my reasoning for using semi martingale. But, I learned that you have to overcome the greed and accept and analyze your losses...

Hi all, nice day for trading : the market moves !

My 2 cents about the money management (you can call it martingale or not, this is a money management style).

Recap all your trades and now recalculate the profit / loss you would have with :

1rst trade = X percent of capital
2nd trade = X * 0.75 percent of capital
3thr trade = X * 0.75 * 0.75 percent of capital

etc...

When the "unwanted but will surely arrive" "BAM" fires, let's say for example at trade 4, you would have risked :

1th = X percent
2nd = X * (1 + 0.75) percent
3rd = X * (1 + 0.75 + 0.5) percent

So at least you would have lost X * 2.25.

This is sometimes called "anti-martingale" but i prefer saying "a geometric recovery factor of 0.75".

That is, ONLY 2.25 GOOD TRADES LATER you would have recovered all loss: good as you PROTECT YOUR CAPITAL.

With a factor of 2, you would have lost X * (1 + 2 + 4) = X * 7 : you need 7 good trades to recover.

You can now tune this idea with a "geometric fibonacci recovery factor", etc...
  • #3,953
  • Edited 7:28am Nov 9, 2012 6:41am | Edited 7:28am
Quoting lt_forex
Hi all, nice day for trading : the market moves !

My 2 cents about the money management (you can call it martingale or not, this is a money management style).

Recap all your trades and now recalculate the profit / loss you would have with :

1rst trade = X percent of capital
2nd trade = X * 0.75 percent of capital
3thr trade = X * 0.75 * 0.75 percent of capital

etc...

When the "unwanted but will surely arrive" "BAM" fires, let's say for example at trade 4, you would have risked :

1th = X percent
2nd = X * (1 + 0.75) percent
3rd =...
Ok now on GBPUSD this happened : i lost the first trade and recovered 75% of the lost with the second trade.

I am VERY VERY happy. Success in money management is :

- Increase your gains
- Reduce your losses - I did a reduction of 75%...

It's now over for me: WISH YOU A GOOD WEEKEND !!!
  • #3,954
  • Nov 9, 2012 6:42am Nov 9, 2012 6:42am
Well the arc is now complete....fingers crossed for a dive into the dark depths!

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  • #3,955
  • Nov 9, 2012 6:58am Nov 9, 2012 6:58am
Quoting A.w.o.l
Well the arc is now complete....fingers crossed for a dive into the dark depths!

Attachment
Hi,

This is typically the situation where i would decrease my "exposure" to risk (1, 0.75, 0.56, 0.42, ...)

I cross my fingers too

Wish you a good success !!!
  • #3,956
  • Nov 9, 2012 8:28am Nov 9, 2012 8:28am
Quoting lt_forex
Hi,

This is typically the situation where i would decrease my "exposure" to risk (1, 0.75, 0.56, 0.42, ...)

I cross my fingers too

Wish you a good success !!!
I've just found compunding up when winning, down after a losing trade keeps things simple. With a high percentage win ratio you reclaim losses in no time, keep your balance in tact and, for me personally so this isn't a generalisation its just what "I'M" comfortable with, reduces stress caused by martingaling. That's my experience not the rule. There are plenty of people here who utilize martingaling effectively. The discussion about it is for all to see and read about.

PA edging toward my TP. Few news releases that'll hopefully take us down there. I'm off for a much needed haircut......
  • #3,957
  • Nov 9, 2012 10:00am Nov 9, 2012 10:00am
Wow, what a pretty sight. It won't mean much to you guys necessarily, but as the OP it stands for one of the most important decisions I've ever made, both as a trading mentor and as a person. Thanks to everyone that's participated in SSBO over the last 16 months! I truly hope it has changed your lives for the better. See you all at our 2 year anniversary...
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To improve is to change. To perfect, is to change often.
  • #3,958
  • Edited 11:55am Nov 9, 2012 11:10am | Edited 11:55am
Quoting lt_forex
Hi all, nice day for trading : the market moves !

My 2 cents about the money management (you can call it martingale or not, this is a money management style).

Recap all your trades and now recalculate the profit / loss you would have with :

1rst trade = X percent of capital
2nd trade = X * 0.75 percent of capital
3thr trade = X * 0.75 * 0.75 percent of capital

etc...

When the "unwanted but will surely arrive" "BAM" fires, let's say for example at trade 4, you would have risked :

1th = X percent
2nd = X * (1 + 0.75)...

Thats interesting never thought of using martingale like that before but for now im going to keep it simple for right now so that i could tweak the settings a little bit more to find the sweet spots. Your post actually got me thinking about new possible targets after consecutive losses. When price breaks and returns to our zone without hitting our TP its because the market still has not decided which direction it wants to go as of yet. So that means the subsequent breakout is going to be stronger and thus a higher TP might be called for. Right now after one loss the indicator takes that loss and sets it as your QP. After two losses its still looking to recoup only the first loss and not taking into account the second. So this could be a possible new target (or maybe someone has already said it - only on page 100 of re-reading)

Trade 1
Original QP 25
Loss #1 - 20

Trade 2
Same QP 25
Loss #2 -20

Trade 3
New QP = (20+20)*X

Currently for X im testing out a factor of 0.7 and its holding most of its validity. So you recoup 70% of your loss in pips
  • #3,959
  • Nov 9, 2012 11:16am Nov 9, 2012 11:16am
Another TP on EU 5M +41
I used the new TP based on what I posted above (31+28)*.7 = 41
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  • #3,960
  • Nov 9, 2012 11:23am Nov 9, 2012 11:23am
Quoting forexhard
Wow, what a pretty sight. It won't mean much to you guys necessarily, but as the OP it stands for one of the most important decisions I've ever made, both as a trading mentor and as a person. Thanks to everyone that's participated in SSBO over the last 16 months! I truly hope it has changed your lives for the better. See you all at our 2 year anniversary...
Not bad is it? Not bad at all....

Congrats mate, pat on the back and an alcoholic beverage for you sir!
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