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  • #4,221
  • Dec 13, 2012 5:09am Dec 13, 2012 5:09am
Just wanted to illustrate something I have learnt and follow up that previous post....

Its been said here in no uncertain terms not just to get blinkered by a high win ratio or net pip count if the r:r is poor.

Just had a quick play using different tf's and settings to show what I mean:

Bad r:r using 15 min EUR/JPY (note the high win ratio!)

Attached Image (click to enlarge)
Click to Enlarge Name: ej bad rr.jpg Size: 80 KB


Good r:r using 30 min EUR/JPY (note a lower win ratio, much lower, but why is the pip count slightly higher.....).

Attached Image (click to enlarge)
Click to Enlarge Name: ej good rr.jpg Size: 83 KB
  • #4,222
  • Dec 13, 2012 6:17am Dec 13, 2012 6:17am
Quoting jth
Hi johnbridgesfx,

I sent you my email about 20 hrs ago, but i haven't received your reply with the EA, I hope everything is OK.

Regards
JTH
Wow. Oops.

I am sorry that I took so long.

But I have a fulltime job (I am a Senior Programmer at a Bank). And it has been a sh1t of a week at work.

I have a family including two kids who desperately wanted me to take them Christmas shopping.

I have been doing my own trading and monitoring of my EAs.

I have been building a couple of EAs for other traders here.

But the good news is that I have received 14 requests for the SSBO EA and will send them asap.
  • #4,223
  • Dec 13, 2012 6:29am Dec 13, 2012 6:29am
Quoting johnbridgefx
Wow. Oops.

I am sorry that I took so long.

But I have a fulltime job (I am a Senior Programmer at a Bank). And it has been a sh1t of a week at work.

I have a family including two kids who desperately wanted me to take them Christmas shopping.

I have been doing my own trading and monitoring of my EAs.

I have been building a couple of EAs for other traders here.

But the good news is that I have received 14 requests for the SSBO EA and will send them asap.

Just found another three requests for the SSBO EA in the Spam box. Will send them now.
  • #4,224
  • Dec 13, 2012 6:39am Dec 13, 2012 6:39am
Quoting johnbridgefx
Hi bot4us,
I have built an EA incorporating the specs I have seen in the Indi and methods used here in this thread.
In the spirit of this thread I will send you (and anyone else who wants it) a free copy if you want it. It backtests well using certain parameters.
I have already built it and am using it successfully so if you want a copy (and some backtesting results for various parameters), then email me at ([email protected])

This thread has been very generous to my understanding so I am giving back...

If anyone else wants a copy of the SSBO EA that I have built then you can contact me at the above email address.

I have included some of the better backtesting results.

I have also optimised the best settings and parameters using two years of data.

It is free.

There is NO cost.

It can be used until such time as the official EA by forexhard is released.

John
  • #4,225
  • Dec 13, 2012 7:22am Dec 13, 2012 7:22am
Quoting johnbridgefx
Wow. Oops.

I am sorry that I took so long.

But I have a fulltime job (I am a Senior Programmer at a Bank). And it has been a sh1t of a week at work.

I have a family including two kids who desperately wanted me to take them Christmas shopping.

I have been doing my own trading and monitoring of my EAs.

I have been building a couple of EAs for other traders here.

But the good news is that I have received 14 requests for the SSBO EA and will send them asap.
Hi johnbridgesfx,

No no no no problem, when ever you are ready that will be fine. I didn't mean to sound a bit pushy.
Waiting for your ea with great anticipation.
Regards
JTH
  • #4,226
  • Dec 13, 2012 8:00am Dec 13, 2012 8:00am
Hello! I use this system in 15M frame but I really don't know how much pips you should take and what is the stop? Because many time you can take only 6 pips
  • #4,227
  • Dec 13, 2012 8:49am Dec 13, 2012 8:49am
Quoting johnbridgefx
If anyone else wants a copy of the SSBO EA that I have built then you can contact me at the above email address.

I have included some of the better backtesting results.

I have also optimised the best settings and parameters using two years of data.

It is free.

There is NO cost.

It can be used until such time as the official EA by forexhard is released.

John
Hi John,

I also submitted a request for your ea and still haven't received it. I would very much appreciate a copy until the official is out of testing.
my email address is iankn73atgmaildotcom

thank you
  • #4,228
  • Dec 13, 2012 11:01am Dec 13, 2012 11:01am
Quoting A.w.o.l
Just been playing around with similar settings and whilst I'm liking the win ratio on the first trade....I don't like the r:r. A 45 pip cz setting and 17 pip (for me 17 pip yielded more net pips and higher win ratio)...gives a terrible r:r and is something you may want to assess.

I made an active decision last night to switch off my PC because PA had moved too far from my new CZ's when they triggered across multiple pairs. Just be careful not to sacrifice a load of pips in the long run because the pair is currently trending well. Tighter settings...
Hi Awol,

Yes you are correct, sometimes its better to sacrifice a better looking back testing scenerio to get better r:r for more pips and lest trades. I must confess, I look for highest frequency of success only... SSBO gives me the opportunity to not watch the screen until im in a trade. Once in a trade I have another aspect of knowing when to get out and analyze at that time, I dont use the stops on SSBO, they are a emergency stop of sorts. I have been and will continue to try to incorporate that piece into the indicator which drastically improves the r:r, but for now I can only do it manually. I dont have stats, because im to busy trading it. When I get something solid, I will share it with you. But I do agree with you, as SSBO stands, its better to trade off some percents for better r:r

Hope this helped answer what you were thinking...
  • #4,229
  • Dec 13, 2012 11:35am Dec 13, 2012 11:35am
Quoting dojirock
Hi Awol,

Yes you are correct, sometimes its better to sacrifice a better looking back testing scenerio to get better r:r for more pips and lest trades. I must confess, I look for highest frequency of success only... SSBO gives me the opportunity to not watch the screen until im in a trade. Once in a trade I have another aspect of knowing when to get out and analyze at that time, I dont use the stops on SSBO, they are a emergency stop of sorts. I have been and will continue to try to incorporate that piece into the indicator which drastically...
As long as people make pips consistently that's the main thing of course. That's the beauty of SSBO....it can be traded in whatever style that suits the trader!

Just grabbed a few pips on the EUR/GBP....
  • #4,230
  • Dec 13, 2012 3:02pm Dec 13, 2012 3:02pm
Quoting ta2tips
Hi Forex Hard and friends

Today I traded my maiden trades as per this method....life is so easy, though I am only break even with 1 SL and 1 TP trades. First time in 2 years of trading life traded a position without stress! Thank you all.
How do you know when to close trade?
  • #4,231
  • Dec 13, 2012 3:05pm Dec 13, 2012 3:05pm
Quoting A.w.o.l
As long as people make pips consistently that's the main thing of course. That's the beauty of SSBO....it can be traded in whatever style that suits the trader!

Just grabbed a few pips on the EUR/GBP....
How do you know how much pips to take?
  • #4,232
  • Dec 13, 2012 3:29pm Dec 13, 2012 3:29pm
Goodbye Tal1983...
To improve is to change. To perfect, is to change often.
  • #4,233
  • Dec 13, 2012 9:48pm Dec 13, 2012 9:48pm
Quoting Tal1983
How do you know how much pips to take?
Are you serious?????
  • #4,234
  • Dec 13, 2012 11:09pm Dec 13, 2012 11:09pm
love EJ!
Attached Image (click to enlarge)
Click to Enlarge Name: dojiej.jpg Size: 95 KB
  • #4,235
  • Dec 13, 2012 11:41pm Dec 13, 2012 11:41pm
Quoting dojirock
love EJ!
Yeah ! and that 85 % win rate on first trade is very nice. I am currently a little below on win rate but a little above on pips. Sure is an interesting beast this. As Awol said there are a lot of options. Can't wait to cut a Martingale account loose. That could go thru' the roof - or not. :-)
  • #4,236
  • Dec 14, 2012 7:02am Dec 14, 2012 7:02am
Quoting A.w.o.l
Just been playing around with similar settings and whilst I'm liking the win ratio on the first trade....I don't like the r:r. A 45 pip cz setting and 17 pip (for me 17 pip yielded more net pips and higher win ratio)...gives a terrible r:r and is something you may want to assess.

I made an active decision last night to switch off my PC because PA had moved too far from my new CZ's when they triggered across multiple pairs. Just be careful not to sacrifice a load of pips in the long run because the pair is currently trending well. Tighter settings...
Its a difficult one because imho R:R is not a black and white concept. The key issue is that we dont KNOW what the reward will be. So although it may seem counter-intuitive to have R:R of say 2:1, if the historic (and thats the key word) results give a win rate of 80%, then even a "poor" R:R will yield many pips.

As I said, no easy answer and R:R is something that is really applicable to people personal trading styles and settings.
  • #4,237
  • Dec 14, 2012 11:25am Dec 14, 2012 11:25am
My experience this week
I did not change any of my settings. I entered and exited trades in a very robotic way only entering and exiting based on my settings. I spent more time entering trade stops and profits than I spent looking at price action. All told, I have spent more time writing this thread update than I did conducting my trading business. I used my phone a couple of times to enter a trade. I also spent a couple of hours working on my spreadsheet deciding what stats I need to keep track of. (Still a work in progress).
Stats
16 currency pairs
19 trades
15 Closed trade sets
12 QP winners
4 losers – Closed three of these trades before the fed announcements on Wednesday and now I am waiting for the next CZ. I have one active CZ that I am working waiting for the next entry opportunity.
10 hit my Quick Profit
2 trade set wins
Currently have 4 trades open.
Pips for the week: 316 (Not bad for a 3 hour work week.)
Goals for next week: Take every set up. I passed on a few setups because I did not want to open a new position on Wednesday before of the Fed meetings. Be very precise in my math around QP’s and Stop Losses. I need to build my confidence and precision builds that muscle faster than being sloppy in the placement of stops and profits. Work on my spreadsheet for tracking relevant trade information to become better at the decisions I do make. Begin the process of deciding what trade management to use if any. Continue reading the thread for the 2nd time. (Currently page 141)

have an amazing weekend.
I make money anywhere in the world by taking orders
  • #4,238
  • Dec 14, 2012 12:21pm Dec 14, 2012 12:21pm
CHFJPY Daily - These daily's are still my favorite setups as I only have to check my charts once a day. Also with this hit rate and loss sequence you can safely martingale this and make very good profit during the year. Long term this is an investment!
Attached Image (click to enlarge)
Click to Enlarge Name: SBBO_CHFJPY.png Size: 18 KB
  • #4,239
  • Dec 14, 2012 1:00pm Dec 14, 2012 1:00pm
Maybe I'm about to say something already detailed in previous posts, if so, forgive my old memory. I put the indicator SSBO in an EA to make assessments in B.Test, but I noticed that the size of a pre-BOX does not always go well and often produces unwanted loss.
I feel that the best use is to manually define the Box from time to time, based on our intuition and what the sequence of prices allow us. I'd like to know if the address of the EA that "forexhard" is writing follows these concepts
paolomat
  • #4,240
  • Dec 14, 2012 1:06pm Dec 14, 2012 1:06pm
Quoting ChuckFF
Sorry I don't have much time to contribute to the thread friends and hats off to FH.
I have a business to run and taking care of the wife's somewhat minor health problems and all.

I would like a favor from someone that has the johnbridgefx ea.
Could you send it to me at ([email protected])
?
I can see he is also very busy.
Thank you if you can, but if not at least I asked
Having been unlucky myself -- would you forward me a copy at [email protected]?

Thanks
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