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  • #4,341
  • Dec 18, 2012 10:27am Dec 18, 2012 10:27am
E/j comes thru again!...

I love the pushnotification....I got the alert as I was driving to work, Put in my stop, TP and entered... Now Im at work and it just signaled a good trade. Doesn't get easier than this.

Thanks fxh
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  • #4,342
  • Dec 18, 2012 10:51am Dec 18, 2012 10:51am
new CZ's on EURUSD and EURJPY
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  • #4,343
  • Dec 18, 2012 10:53am Dec 18, 2012 10:53am
Quoting dojirock
E/j comes thru again!...

I love the pushnotification....I got the alert as I was driving to work, Put in my stop, TP and entered... Now Im at work and it just signaled a good trade. Doesn't get easier than this.

Thanks fxh
loool
Hopefully, you are not a scalper
Meeeooow !!!
  • #4,344
  • Dec 18, 2012 11:04am Dec 18, 2012 11:04am
Quoting A.w.o.l
Yeah no worries, wasn't having a go or anything. In my experience with SSBO, I have found letting the trades play out result in more winners than losers. Like you said, everyone is different.

I have trained myself to be robotic in my trading nowadays. Once I execute a trade, that's it. I trust my groundwork in finding the settings and then what happens happens.

Its extremely liberating and allows me to move on to the next trade and/or continue my daily routine. But this is personal preference after all and in no way a definitive black and...
Me too! I have been back and forth with using either fixed TP or trying to let a trade ride and scale out. I decided that for my OWN personal trading style and lifestyle, I find fixed TP much more relaxing. I put the trade on and then I get an alert sometime later telling me it either won or lost. Simple and as smooth as that!

No more trying to nurse trades...works for me!!
  • #4,345
  • Dec 18, 2012 12:07pm Dec 18, 2012 12:07pm
Quoting niepce
loool
Hopefully, you are not a scalper
ha..I am a scalper.....90 percent of my trades are 30 pips or less!
  • #4,346
  • Dec 18, 2012 12:08pm Dec 18, 2012 12:08pm
Hi,
Sorry if this is a basic question (I have read the entire thread - which took 8 hours! - and searched the thread, but with no success. I have also read the PDF....
Anyhow, on the EA on my EURUSD 15min, are the following lines of text:
Longs=16=Avg 57.5p
Shorts=14=Avg 40.5p
Closed trade 1=19, Wins = 57.9%
Closed trade 2=7, Wins = 71.4%
Closed trade 3=2, Wins = 0%
Closed trade 4 =2, Wins = 100%

My question is this: what does the 19 indicate in "Close trade 1=19, Wins=57.9%"? Does it mean that if you looked for 19 pips profit then it would have been hit 57.9% of the time? And if so, how is the 19 calculated?

Best regards and thankyou in advance.
  • #4,347
  • Dec 18, 2012 12:21pm Dec 18, 2012 12:21pm
Quoting NoviceMan
Hi,
Sorry if this is a basic question (I have read the entire thread - which took 8 hours! - and searched the thread, but with no success. I have also read the PDF....
Anyhow, on the EA on my EURUSD 15min, are the following lines of text:
Longs=16=Avg 57.5p
Shorts=14=Avg 40.5p
Closed trade 1=19, Wins = 57.9%
Closed trade 2=7, Wins = 71.4%
Closed trade 3=2, Wins = 0%
Closed trade 4 =2, Wins = 100%

My question is this: what does the 19 indicate in "Close trade 1=19, Wins=57.9%"? Does it mean that if you looked for 19 pips profit then...
1)Add the longs and shorts together...

2)Now add the closed trades together...

3)See the connection between 1) and 2)

4)Do the percentages become clearer?
  • #4,348
  • Dec 18, 2012 12:28pm Dec 18, 2012 12:28pm
Thankyou AWOL, much appreciated, I understand that part of it now, I always seem to miss the obvious (:

So.... now my question is: what does "Close trade 1", "Close Trade 2", ...4, indicate?
  • #4,349
  • Dec 18, 2012 12:33pm Dec 18, 2012 12:33pm
USD/CAD is looking nice
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  • #4,350
  • Dec 18, 2012 12:39pm Dec 18, 2012 12:39pm
Quoting NoviceMan
Thankyou AWOL, much appreciated, I understand that part of it now, I always seem to miss the obvious (:

So.... now my question is: what does "Close trade 1", "Close Trade 2", ...4, indicate?
MaxBreakoutTrades is what you are looking at. Set it to 1 and you will only see 1 trade per CZ. With it set to 2 it would take 2 trades per CZ etc...
  • #4,351
  • Dec 18, 2012 12:57pm Dec 18, 2012 12:57pm
Quoting sundwnr
USD/CAD is looking nice
Hi sundwnr,

Can you please explain why you would trade a setup with 42.9% Wins and 6 Losses in a row.

Thanks,
  • #4,352
  • Dec 18, 2012 12:59pm Dec 18, 2012 12:59pm
USDCAD setting up
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  • #4,353
  • Dec 18, 2012 1:05pm Dec 18, 2012 1:05pm
Thankyou sundwnr, much appreciated (:
  • #4,354
  • Dec 18, 2012 1:35pm Dec 18, 2012 1:35pm
Quoting fxglider
Hi sundwnr,

Can you please explain why you would trade a setup with 42.9% Wins and 6 Losses in a row.

Thanks,
Guys, look at all the work fxhard had done. Look at the SSBO indicator as an "edge finder" use it to find and edge, give you and edge, use the numbers to see that "edge". None of us know or care if the market goes up or down or how long it takes to do it with this fantastic "edge tool". Nor can we know! By experimenting with different size boxes, it tells you the higher probability settings for the "edge" success. Personally the above stats would not be enough for my style of "edge" that I am comfortable with. I must have at least a 5o percent, success rate on 1st trades, profitable in pips, and a 1:1 R:R with my method of stoploss. Did you know you can lose 70 percent of the time and still be profitable with a 2:1 R:R? SSBO is a incredible "edge" tool that even beginners can use. If you constantly close trades early, or dont use stops, or overleverage, then the problem is YOU! Determine what ever your problems (be honest with yourself) are and make the change. Nothing will change if you dont make a change. Sometimes I see the same traders making the same mistake over and over again. It makes me feel like they like to lose. Crazy eh? You need to believe, no belief, you will never be successful. If you still look at the chart when it signals and are saying "No, its going to high for too long, or its already gone against me..." and are still not profitable, you havent given SSBO a chance (no pun intended fx) Start with a .01 lot size if you doubt it.....surely you can afford that? Give it a chance and it will prove you wrong with amazing results if you just use the tool to sharpen the "edge" that you have been given.
  • #4,355
  • Dec 18, 2012 1:43pm Dec 18, 2012 1:43pm
Quoting fxglider
Hi sundwnr,

Can you please explain why you would trade a setup with 42.9% Wins and 6 Losses in a row.

Thanks,
Personally I don't pay alot of attention to the win loss percentage of the indicator. I can tweek the numbers down to the pip to get a 70% or better win rate (lord knows I have spent enough hours doing that) on past trades but that is not how I use the indicator. To be honest my personal experience is that tweeking it so much and trying to find perfection in a past market isn't how I feel comfortable since one small increase in buffer size or closed bars etc.. can take the same size CZ and make it look however I want it to. I use it to help me see the consolidation zones and to pick and choose the best setups to me. I scale out with a small TP usually 10-15 pips lock in 50% then take 25% at 30-50 pips and let the rest ride, this way I lock in and move SL to breakeven rather quickly and still have a chance for a nice runner. It is just how I feel comfortable trading. The indicators only purpose for me is to help see the consolidation zones.
  • #4,356
  • Dec 18, 2012 1:59pm Dec 18, 2012 1:59pm
Quoting sundwnr
Personally I don't pay alot of attention to the win loss percentage of the indicator. I can tweek the numbers down to the pip to get a 70% or better win rate (lord knows I have spent enough hours doing that) on past trades but that is not how I use the indicator. To be honest my personal experience is that tweeking it so much and trying to find perfection in a past market isn't how I feel comfortable since one small increase in buffer size or closed bars etc.. can take the same size CZ and make it look however I want it to. I use it to help me...
Well said, and thats the main reason its very important to learn how to draw these zones manually. Once you learn to "see" the CZ's the indicator is a great weapon to add to your trading arsenal.
  • #4,357
  • Dec 18, 2012 2:37pm Dec 18, 2012 2:37pm
Even a 1 min chart CZ can work. Set and forget......
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  • #4,358
  • Dec 18, 2012 4:27pm Dec 18, 2012 4:27pm
Quoting Goodgame42
Already read that's why Idon't understand why there is a difference between our charts.

You can have the exact same settings as someone else and get quite different results, especially on lower time frames. Different feeds and different spreads will all have an impact-that is another reason why it is best to spend some time and tweak some settings on your own computer and broker.
  • #4,359
  • Dec 18, 2012 4:29pm Dec 18, 2012 4:29pm
Quoting jbosco
I am fortunate to across this thread and have been following it for some time. Indeed, a very robust concept based on sound market structure. Have been trading with manually drawn cz. I am thankful to FXH and XXue and others for their selfless contributions. Here are the potential czs in the offing.
I am grateful to FXH's strict emphasis on the importance of mastering the ability to identify the best CZs manually. I quote:

"Do not ask yourself if there is a possible trade. Instead, ask yourself if there is a confirmed strong consolidation in your future. The trades will come. We know this. We don't have to guess. We are 100% positive the trade WILL COME... after a time of strong consolidation. So find the perfect consolidation and your trades are guaranteed.
Since you are following my system I know that you know how to look back on your charts and pick out CZ's with the small artifact. So when you have some free time, open up some charts and map out 40 or 50 past CZ's. Be very selective. Pick out only the best ones. It's a back test, so you can cherry pick as much as you want. (And don't tell anybody, but this will also teach you how to better select CZ's during live trade too, but let's keep this between the two of us, OK?) So anyway, you've got 50 past CZ's picked out and each one is highlighted with a regulation-sized artifact. Leave them in place, bring up the large artifact now, and start moving it from small to small, and pay special attention to how price reacts to it.

As you stop at each small, ask yourself the same 3 questions:

1. How far does price move away from this point (in pips) before showing signs of reversal?
2. Does price retrace all the way back to the large artifact?
3. If yes, within how many M15 bars?

Make an actual diary of this test. Make extensive notes. Take several screen shots as well. Then show us what you've learned. This should be highly educational."
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  • #4,360
  • Dec 18, 2012 4:30pm Dec 18, 2012 4:30pm
Quoting dojirock
Even a 1 min chart CZ can work. Set and forget......
Depends your spread of course. My cable spread is between 2 & 4 pips ...
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