Extracted Thread (per thread starter's request)

Very good. Far superior to what i've seen everywhere. Thanks for sharing.

patience pays off!

What i found so incredible with this method is that a LOT of setups are profitable.

This is really exceptionnal and gives margin to stay profitable when things change.

forexhard, and all the stairsteppin followers

this is my very first post, and i have read the first 1700+ posts (the first 1000 twice!)and been following this thread and taking notes along my readings, as it looks promising. i feel that i understand the system and see that it is very flexible among currency pairs and ive even seen some posts early on where several members were trading spot gold xau/usd. however, i have not yet demo'd anything or put anything to test. i am thankful for the knowledge and lessons but i admit i must jump the gun a bit, curiosity is melting my brain faster than this thread is turning my eyes into toothpaste

i did a forum search for a keyword within this thread and found very few posts on it. however i do have a rather urgent question regarding this system. please note i am not asking for settings or anything, and please bear with me if this just sounds like total ass.

what are your guys' thoughts on using this system for futures contracts? active major currency contracts specifically, and eventually maybe use this with gold/silver contracts. i would like to gather opinions regarding futures, not fishing for theoreticals could this be successful but will it given that i spend hours on hours optimizing settings? this system may or may not operate on its own. yes i will be writing my own code on NinjaTrader and will be tweaking settings for the next forever long until it works. i have been reading that spot forex and futures forex do not trade the same. could that possibly translate to spot strategies do not work for futures instruments? thanks in advance



PS: also, i know there are more clues to optimize trading this way in the posts between 1800 and here at 4000, but i fell into several pages of mass flaming and testimonials. what additional significant little things (because its the little things that matter) can be learnt in the next 2000+ posts? (besides me learning to not ask stupid questions and get the ban hammer, because i will be back in full noob mode)

A descending channel is forming on GBPUSD... Down to 1.58 ?

A spike just took me out. The Starter Basket for this CZ (4 positions) has closed @ +29/+6/+6/+6=47p.

Am now waiting for one of 2 possible set-ups: Either a brand new CZ will form eventually, or, Price will retrace back in to the ExtCZ and stall for -N- bars (my default is 10), thereby opening a Reset Basket, giving me a 2nd bite at the apple.

Hi Fxh,

Just want to make sure I understand whats happening. If price goes back into the CZ and stays there for 10 bars, then goes out the bottom again it will be another entry?

Thanks

doji

I am getting PM's about the EA: Yes, the EA is referenced in my pics posted here. Yes, it is still being worked on (we are currently on v54 as you can see in my pics). No, it has not been released to the public yet.

As always, all coding updates will be posted on the 1st page as soon as they are ready.

Regardless, never forget that no indicator or EA can substitute naked trading with hand drawn boxes!

The EA is set up to recognize 2 types of trade baskets: Starter Basket and Reset Basket.

There is only ever just one SB. Up to 3 RB's are permitted, for a grand total of 4 baskets possible for each CZ.

All baskets open and close according to the same trade parameters. The only variable between the 2 types of baskets, is how many bars it takes to qualify the CZ, and how many positions each will have. For my RB's I am using 10 bars instead of the normal 35, but this is partly due to the fact that I am forward testing the EA. I'm not sure yet what my recommended RB bar settings will be, time will tell...

Note: All of these settings are optional and/or customizable. The SB is not required to have 4 positions, and the RB feature can be turned off.

I understand, thanks.

doji

mr.FHhard i have been here allthe time . am trying to trade this great system using ending orders........ but i see other members seem to be using the new expert advisor and i ask you please let me be able to use it also
thanks in advance. DB. please advise

quick question, I looked at your settings which are very similar to mine - so I had that feel good sense of getting it right until I saw that you had a stop loss of 2.4 pips - now how did you do that - and if that was your stop loss how did you not get stopped out? I am assuming that its a decimal placement and I learned from the college of hard knocks not to assume anything in the Forex. Can you clarify how you got a 2.4 stop loss?

it must be a decimal placement thing....some days i turn on my platform and there are 5 digits, others, it is 4 digits. My stop wasnt 2.4 I know that.
More probable is 24. I will have to watch that...I didn't notice it till you pointed it out.

thanks

Oh Crikey,

I have some serious catching up to do, I tihnk I last posted to the thread on something like page 150, looks like a couple of evenings of reading are ahead for me. Are we still posting charts? I got 2 real sweet trades on one of my favorite pairs (GBP/CHF) over the past few days for a couple of hundred pips. I'll post a chart when I remember how to do it.

There sure is but I think the main target is the highest % of Individual Trade Set wins for the Highest pips. This morning I have two results on GU which demonstrate exactly that.

I had considered pursuing maybe two setups on the same pair but am concluding it may be better to trade only the best optimised % vs pips on each single pair traded. None of these are Martingaled.

Sorry - Don't know why two of the same pics were inserted and can't see how to remove just one. I think that we may have to continually optimise going forward but we have yet to see what else FXH has up his sleeve.

This post is for those guys that are PMing me to release the EA already.

This pic shows the exact same chart I was using earlier today. I haven't done anything to it, and yet it just up and decided to re-boot on it's own, causing me to lose all the artifacts and parameters I had just been posting pictures of. I have no idea why this happened; this is definitely not part of the programming; this is a serious bug. The good news is that it didn't happen in the middle of my trade set. The even better news is that it didn't happen in the middle of YOUR trade set!

In truth, it's probably a tiny oversight in the code base that Xux can sort out in just a few minutes. But how you guys would have been in here screaming bloody murder if you had lost pips on it because I had released the EA too soon. Something to keep in mind before sending me that next "where is it/how come you haven't released it yet?" message.

Just wanted to share my EU M5 thus far this week, and some thoughts. I took the approach this week as several others have done, and am trading the first trade only. This approach and mindset simply fits me personally best. As you can see I am in the process of the 5th trade for the week with 3 TP's hit and 1 SL.

I mentioned in an earlier post that I thought that my biggest challenge with this method would be to overcome the "want" to think and anticipate where PA was going~~this has certainly been the case. I would be curious to hear from others how they tackled this. I am slooooowly learning to walk away from the screen and do something else.

Several weeks ago when I went live, never did I dream I would encounter such a great problem..banking pips every week but bored to death!

FXH~ I think I speak for many here..thank-you so much for opening our eyes, your patience, your commitment, and probably most of all your time.

Many pips to All

MM

EDIT: I apologize for the EMA's on my chart as it does not conform with FXH's teachings. I use them strictly for reference once I have entered a trade.

Hi,

This must be a great news to anyone who really admires this system. The SSBO core is absolutely profitable during breakout, but during choppy market like recent days, it may harm trades with SL on the other side of the box.

As I just registered at this forum, I cannot send mail to member, so is there a chance I can discuss with EA developing team about solutions to offset losses in cases of choppy market - note that I would like to partially offset possible losses, the sucessful SSBO core is never changed, it really works.

Thanks

Vincent

Hi Vincent, for me it looks like the market is more sleeping than choppy (but this is not objective, i admit). That is SSBO boxes must be adapted... to a smaller size, for sure. Take the picture of the GBPUSD and draw hand boxes : you can find good ones in this kind of market but they are very different from them two weeks ago for example.

So the idea of using the ADR for the box size is a good idea but the problem is that this happens only a week like now (and this is again, not the absolute truth) because i suspect traders waiting for next week EU speech about the greece insolvency. And this was anounced only on monday and the result will be announced during week-end or monday. So ADR from the past can't help us on that... I don't have a solution for that known limitation. This is the "news trading" parameter... What i do is i take profit as soon as i can because i really don't know if i can go up to my usual R:R ratio.

This morning i have a feeling that everybody is sleeping on GBPUSD... and feeling it will not really wake up before next week.

But SSBO can work, the difficulty is to adapt the parameters.

PS: Ok i see why the spikes now : lack of volatility and economic news.