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  • #4,061
  • Edited 3:24pm Nov 20, 2012 12:42pm | Edited 3:24pm
Quoting hxtrader
Morning folks.

So I've been in 'catch up' mode reading through the thread since my last regular involvement and I'm very glad I did. Firstly, I've expressed my gratitude previously for the original indi but wow, what a change so more thanks to everyone involved in the coding and project leading etc... what you've done with it is amazing. Secondly I thought I would post a pic I've got settings now on two pair and this is for GBPUSD.

In all honesty I'm not used to such loose settings (30 pips x 30 bars) but the stats look terrific. In particualr...
Great but take care the market has changed its face since then...

Thanksgiving in two days. Really no volatility. I will not trade this week anymore.
  • #4,062
  • Nov 20, 2012 4:09pm Nov 20, 2012 4:09pm
Been tinkering with the settings of the indicator. And, as FXH might have said, "remember kids, it's only an indicator". And once again, I'll say, it's a great piece of code when I read it; that must have taken some real time.

Anyway, Renko charts, as someone mentioned earlier... Ensure that you have 'Show wicks' set to True. Otherwise you might get remarkably good results that are not quite true. If the variable is set to False, then the offline chart prints a Renko bar of the defined pips, e.g. 10 pips. Price may have moved higher or lower (e.g. 19 pips) than the price range (of 10 pips) before that bar printed, so a stop may have been taken out or, thinking about it further, a target reached. Try it if you're not sure and look at the candles and results.

Second, I changed the DaysBack value to 300 and 600 and 1200 and 1500. Found a decent settings of 564 pips for the GU 15 mins for 100 days and results went up and down as I increased the value. Also, at around Feb 2011, the pattern did not appear on the chart. By editing the indicator and then clicking on Ok, it would display a few further days before no further pattern and a profit of 21,474,836,455,345. Repeat, and you can go back a few further days and repeat... Point is, while 100 days displays a healthy profit, 200 days pips may be lower and 600 just a few more. So, is 100 fair representation? Anyone encountered similar and I'm wondering if the pips value are accurate as you churn through older data, or is it subject to some funny logic that produces the wacko pips count?
  • #4,063
  • Nov 20, 2012 5:32pm Nov 20, 2012 5:32pm
Quoting fxtradera
Been tinkering with the settings of the indicator. And, as FXH might have said, "remember kids, it's only an indicator". And once again, I'll say, it's a great piece of code when I read it; that must have taken some real time.

Anyway, Renko charts, as someone mentioned earlier... Ensure that you have 'Show wicks' set to True. Otherwise you might get remarkably good results that are not quite true. If the variable is set to False, then the offline chart prints a Renko bar of the defined pips, e.g. 10 pips. Price may have moved higher or lower...
Two pages back you will see I got a similar crazy result and there are a few comments following that may explain it. Also see post 3039 from FXH regarding box size that should clarify why the different results. Seems to me the "rearward glance" is a good place to start from but you should then look to further optimize going forward.
Cheers.
  • #4,064
  • Nov 20, 2012 9:03pm Nov 20, 2012 9:03pm
Quoting AltosTrader
Two pages back you will see I got a similar crazy result and there are a few comments following that may explain it. Also see post 3039 from FXH regarding box size that should clarify why the different results. Seems to me the "rearward glance" is a good place to start from but you should then look to further optimize going forward.
Cheers.
Thanks, AT. Seems to suggest that any time you modify your existing indicator settings on a chart, like today or tomorrow, the indicator reloads and invalidates all the previous results you had? And, going forward, don't change anything on a live chart to reload?

I'd like to understand this well, if it makes sense, as I want to know exactly what is a valid test and what I might do to an existing chart collecting data that might invalidate that one as well. Am I over-analyzing or sweating the small stuff here?
  • #4,065
  • Nov 20, 2012 9:59pm Nov 20, 2012 9:59pm
Quoting AltosTrader
Two pages back you will see I got a similar crazy result and there are a few comments following that may explain it. Also see post 3039 from FXH regarding box size that should clarify why the different results. Seems to me the "rearward glance" is a good place to start from but you should then look to further optimize going forward.
Cheers.
Just thought I would add my 2 cents on the subject.

As I'm now into my 6th week live exclusively with what FXH has shown us, I believe that forward results, by far, outweigh back testing. The last 3 weeks I "tweak" the settings at the beginning of each week based on a 60 day look back.

I think many of us have been around long enough to have learned the hard way that EA's fail because they are primarily coded to fit into a "one size fits all". We all know that PA never operates from a mold.

Like several others here I trade the first trade only and I consistently keep that percentage over 75. It has proven to work very well for me personally.

MM
Wherever PA Goes ~I Go
  • #4,066
  • Nov 20, 2012 10:11pm Nov 20, 2012 10:11pm
Gentlemen,
Your concerns with optimising the indicator go even further. Apparently MT4 will use the current spread provided by your broker as the basis for all your backtesting. That is why at various times you will get different results even using the same settings. The difference is most noticible when using the same settings for different brokers. May I suggest you get to a point where you feel comfortable with the results; R:R, total pips, consecutive losses, win ratio etc, and trade it. There is a level of faith required in everything we do and using an indicator; albeit SSBO, falls into that realm. Does it really make that much of a diffence if you get 30 more pips over a 30, 100 or 200 day setting? To be confident in the system and the eventual results must surely be the goal we are aiming for.
  • #4,067
  • Nov 20, 2012 10:19pm Nov 20, 2012 10:19pm
Quoting fxtradera
Thanks, AT. Seems to suggest that any time you modify your existing indicator settings on a chart, like today or tomorrow, the indicator reloads and invalidates all the previous results you had? And, going forward, don't change anything on a live chart to reload?....
This will now be at least my third comment on this point, and about the 6th time generally speaking since other members who "get it" have talked about it too:

Days Back creates a static box or window of time (e.g., 100 days, or 14.4 weeks) that floats in a flexible data stream. Since the box never changes size, the number of bars it can hold also never changes. So with every incoming bar of new data, the oldest bar falls out the back. Are you with me so far? Good. Because here comes the part that some of you guys just aren't "getting": What if the last M15 bar was part of a trade set? Since trade sets are calculated as a whole balanced item made up of smaller parts all working together... and a key component was just deleted, thereby causing the oldest trade set in the DB box to become imbalanced... so then, what should happen to the various tallies in the diagnostic display? What happens when a previously whole trade set is suddenly missing the bars containing certain key data, but from more than 14 weeks ago?

What I am describing might cause the display to change from "55 Wins/40 Losses" to "40 Wins/55 Losses", or from +1200p to +788p, literally from one bar to the next. Once you fully understand this phenomenon you will know that it has NOTHING to do with SSBO per se. It's simply a quirk in how the tabulation side of the indi reacts to the data stream, nothing more. And it is also why I have many times suggested that no one take any action with the indi without first running it for 100 days straight, so that you can witness all the variations as they happen in real time. In other words, as far as you're concerned all the data in the DB box will actually be foward data from your perspective.
To improve is to change. To perfect, is to change often.
  • #4,068
  • Edited 4:12am Nov 21, 2012 3:08am | Edited 4:12am
Quoting forexhard
This will now be at least my third comment on this point, and about the 6th time generally speaking since other members who "get it" have talked about it too:

Days Back creates a static box or window of time (e.g., 100 days, or 14.4 weeks) that floats in a flexible data stream. Since the box never changes size, the number of bars it can hold also never changes. So with every incoming bar of new data, the oldest bar falls out the back. Are you with me so far? Good. Because here comes the part that some of you guys...
ANOTHER NUGGET OF INFORMATION FOR THE FRESHER MEMBERS!! NOTE IT DOWN AND REMEMBER IT!!

The markets are doing there own thing more than usual of late. Do not get disheartened guys. Keep your first trade percentage high and your number of closed trades low and you'll reap the rewards.

Good luck!
  • #4,069
  • Nov 21, 2012 7:03am Nov 21, 2012 7:03am
Hi everybody,
i want just share my last trade: after one and half day, finally i got my profit in GU, 30 pips.
Good trade everybody
Frank
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gpb 48.png Size: 24 KB
Click to Enlarge Name: gpb 49.png Size: 26 KB
  • #4,070
  • Nov 21, 2012 8:05pm Nov 21, 2012 8:05pm
Quoting forexhard
This will now be at least my third comment on this point, and about the 6th time generally speaking since other members who "get it" have talked about it too:

Days Back creates a static box or window of time (e.g., 100 days, or 14.4 weeks) that floats in a flexible data stream. Since the box never changes size, the number of bars it can hold also never changes. So with every incoming bar of new data, the oldest bar falls out the back. Are you with me so far? Good. Because here comes the part that some of you guys...
Thanks for the patience and further explanation, FXH. You live it and breathe it. It clicked; got it now.
  • #4,071
  • Nov 21, 2012 11:57pm Nov 21, 2012 11:57pm
Less than 20p. It'll be interesting to see if QTP is hit before market close, or whether this will still be open on Monday...
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 123 KB
To improve is to change. To perfect, is to change often.
  • #4,072
  • Nov 22, 2012 3:43am Nov 22, 2012 3:43am
G'day,

Been reading and reading and reading and a bit of looking at charts and loading indi's, finding the approach very soothing, looking for CZs is nice. Have a couple of trades on demo with U/J, looking at other pairs and waiting. From the couple of days of looking/reading the system fits my brain. Was trading prior just with Support/Resistance and waiting on BO.

Thanks FH and SQ for you enlightenment.

Cheers
Graeme
  • #4,073
  • Nov 22, 2012 3:49am Nov 22, 2012 3:49am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-cz-12-11-22--01.jpg Size: 99 KB


66.6p profit. I actually lost 35 first, then doubled up for 70 as I was confident enough. Why?

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-cz-12-11-22-revenge.jpg Size: 62 KB


Sweet harmony!
  • #4,074
  • Nov 22, 2012 10:44am Nov 22, 2012 10:44am
Quoting dojirock
For all the noobs out there...... How much is enough.....$100, $1000, $5000 to open an account?

How about pips, 20 a day? 40 per day?

Did you know with $100 opening balance, and a plan could be a $1,000,000 in less than 3 years?

Here is a spread sheet that a friend gave me to help keep the focus. Trading is about a plan, consistancy and patience.

dojirock
Interesting calculation spread sheet shared by dojirock.
I have done this kind of calculation for my own when I started trading 4 years ago.
But in Forex, a lots of facts are too good to be true.
What is true is that trading is about plan, patience and able to execute the trade with discipline!
_________________
My challenges to make consistent profits - http://www.101forexcurrencytrading.com/
Attached File(s)
File Type: xlsx Freedom Chart.xlsx   29 KB | 764 downloads
  • #4,075
  • Nov 22, 2012 1:23pm Nov 22, 2012 1:23pm
I committed myself to post a chart this week. Only had one trade that met my criteria. Because it is a holiday for the US I closed out at the quick profit and will come back next week.

http://www.forexfactory.com/attachme...1&d=1353611961
I make money anywhere in the world by taking orders
  • #4,076
  • Nov 22, 2012 1:40pm Nov 22, 2012 1:40pm
Quoting SedonaPipper
I committed myself to post a chart this week. Only had one trade that met my criteria. Because it is a holiday for the US I closed out at the quick profit and will come back next week.

http://www.forexfactory.com/attachme...1&d=1353611961
Wise man...

I didn't do that this week and now i am very very close to full loss where i could have almost all the profit...

The week is not over but as the end of the week is usually a pullback, i have a huge probability to lose !

Maybe this time it is for me to cross the fingers :nerd:!

Let's stick to the plan...
  • #4,077
  • Nov 22, 2012 7:10pm Nov 22, 2012 7:10pm
Quoting aeron_1025
Interesting calculation spread sheet shared by dojirock.
I have done this kind of calculation for my own when I started trading 4 years ago.
But in Forex, a lots of facts are too good to be true.
What is true is that trading is about plan, patience and able to execute the trade with discipline!
_________________
My challenges to make consistent profits - http://www.101forexcurrencytrading.com/
Hey that looks familiar....lol.... I started that in february! It was the beginning of my success and motivated me to be disciplined. You must have found that over at KR on my thread.

It does work, and doesnt take a lot of pips to see the results.
  • #4,078
  • Nov 23, 2012 8:08am Nov 23, 2012 8:08am
Quoting dojirock
Hey that looks familiar....lol.... I started that in february! It was the beginning of my success and motivated me to be disciplined. You must have found that over at KR on my thread.

It does work, and doesnt take a lot of pips to see the results.
Hi dojirock,

LOL! thanks for your kind sharing with us and credit to you for the spread sheet
Additional things I do is to journal down my trading in my blog and keep them 100% transparent to the site visitors
With this, I believe I have no reason not to be discipline or follow strictly my trading plan in order to succeed in trading !
_________________
My challenges to make consistent profits - http://www.101forexcurrencytrading.com/
  • #4,079
  • Nov 23, 2012 10:14am Nov 23, 2012 10:14am
Quoting lt_forex
It will move to the next stairstep...

1.59150 is a big resistance. This was the "floor" of last week.

It can go up again to 1.6000 (previous week) or down to 1.58300.

Next floor: 1.6000. Everyone gets off...

Wish everybody a nice week-end.
  • #4,080
  • Nov 23, 2012 11:51am Nov 23, 2012 11:51am
Quoting lt_forex
....1.6000. Everyone gets off....
Not everyone. 1.6000 is now my SL floor with 50p locked in.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 107 KB
To improve is to change. To perfect, is to change often.
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