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  • #4,541
  • Dec 26, 2012 4:12pm Dec 26, 2012 4:12pm
Quoting Davit
Just don't over-leverage your account and remember its a turtle race.
By the way, i don't have the leverage problem as my money management is not based on pips but rather on amount : i always risk a known percent of my capital when i enter a trade, whatever the box size is (i use autosize too).

That is i adjust the VOLUME of the trade so that the pips of the stop loss multiplied by the pair value per pip is equal to my risked amount. In that process, i can have a leverage of 10, 100 or 1000 that doesn't change anything at all. If i change my stop loss it is always in favor of reducing it, never increasing it.

I found it really easier, safer (i never think about margin problems) and i can manage the same risked amount with different box sizes. I have no more correlation between the strategy and the pips (i risk 2% of my capital on 4 pairs). I am only aware of the percent of success of the strategy (information given by SSBO indicator). This gives a more statistical lookout.

You have all explanations on babypips.com (a very very good and free forex school website): every basics are there ! use and abuse !

Good luck to everyone.
  • #4,542
  • Dec 26, 2012 5:20pm Dec 26, 2012 5:20pm
fx_forever, this thread is NOT for general chit-chat. This thread is for dedicated SSBO participants ONLY. There are many threads here at the Factory where you can crosstalk about anything at all as you build up your post count, but this thread is NOT one of them. So far you have not posted a single chart, nor have you demostrated at all that you follow SSBO. Talking about SSBO is NOT participating. You must be willing to DEMONSTRATE that you have followed the instructions from post #1 as closely as possible.
To improve is to change. To perfect, is to change often.
  • #4,543
  • Dec 26, 2012 11:00pm Dec 26, 2012 11:00pm
Thanks for all the great work.
  • #4,544
  • Dec 27, 2012 12:35am Dec 27, 2012 12:35am
Trusting all who observe Christmas, are enjoying the Holiday Season!

Have not posted for a while as I have not had a reason to. Just thought I would post my AU, of the week before Christmas...who says there's no money to be made between mid Dec. and mid Jan. ?? (I did miss the first one)

Wishing everyone a Happy, Peaceful, and Prosperous New Year!!
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Wherever PA Goes ~I Go
  • #4,545
  • Edited 3:38am Dec 27, 2012 1:52am | Edited 3:38am
Quoting forexhard
fx_forever, this thread is NOT for general chit-chat. This thread is for dedicated SSBO participants ONLY. There are many threads here at the Factory where you can crosstalk about anything at all as you build up your post count, but this thread is NOT one of them. So far you have not posted a single chart, nor have you demostrated at all that you follow SSBO. Talking about SSBO is NOT participating. You must be willing to DEMONSTRATE that you have followed the instructions from post #1 as closely as possible.
You're right.

These are the first two ones i "missed" this week. In fact i didn't plan to start before 2013.

I must say that i will not use the QuickTakeProfit feature : my first profit target is always the zone size. If the zone size is 24 pips, the first level is 24 pips not always 30 pips as shown here.

No holiday for SSBO !
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  • #4,546
  • Dec 27, 2012 5:42am Dec 27, 2012 5:42am
This one speaks for itself.
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  • #4,547
  • Dec 27, 2012 6:05am Dec 27, 2012 6:05am
eurjpy
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  • #4,548
  • Edited 8:08am Dec 27, 2012 7:55am | Edited 8:08am
Quoting fx_forever
You're right.

These are the first two ones i "missed" this week. In fact i didn't plan to start before 2013.

I must say that i will not use the QuickTakeProfit feature : my first profit target is always the zone size. If the zone size is 24 pips, the first level is 24 pips not always 30 pips as shown here.

No holiday for SSBO !
This one is over also with success now... got it (thank you Mr Obama ?).
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  • #4,549
  • Dec 27, 2012 8:31am Dec 27, 2012 8:31am
Take profit hit, +29
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  • #4,550
  • Dec 27, 2012 8:35am Dec 27, 2012 8:35am
Quoting rtn
Take profit hit, +29
Do you guys never try to catch more pips in a move or close your trade at the fixed pips target (following SSBO 100%) ?
#### Follow me at @LioH_ on Twitter ... ####
  • #4,551
  • Dec 27, 2012 8:37am Dec 27, 2012 8:37am
Time for me to post chart - I entered short two days ago, then last night I saw another tight CZ right around my entry (blue box). I made the decision to play this one out - I waited for a entry on the new CZ which in this case was against my original trade, I closed out my original entry for a loss and entered the new cz, long, figured out my stop and QP based on the old CZ and went to bed. Still waiting to see how it unfolds.
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I make money anywhere in the world by taking orders
  • #4,552
  • Dec 27, 2012 8:57am Dec 27, 2012 8:57am
The amazing EURJPY pair does it again.
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  • #4,553
  • Dec 27, 2012 9:25am Dec 27, 2012 9:25am
Another +29
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  • #4,554
  • Dec 27, 2012 11:07am Dec 27, 2012 11:07am
Follow up to my earlier post - worked out in the end.
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I make money anywhere in the world by taking orders
  • #4,555
  • Dec 27, 2012 1:10pm Dec 27, 2012 1:10pm
Trend Is Your Friend
There Is No Volatility During December

SSBO, the slayer of bad trading cliches.
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To improve is to change. To perfect, is to change often.
  • #4,556
  • Dec 27, 2012 1:37pm Dec 27, 2012 1:37pm
Quoting forexhard
Trend Is Your Friend
There Is No Volatility During December

SSBO, the slayer of bad trading cliches.
you rock my friend!
  • #4,557
  • Dec 27, 2012 4:36pm Dec 27, 2012 4:36pm
went to L3, but closed with +29
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  • #4,558
  • Dec 27, 2012 10:50pm Dec 27, 2012 10:50pm
It'll be interesting to see if this one reaches TP1 before market close tomorrow...
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To improve is to change. To perfect, is to change often.
  • #4,559
  • Dec 27, 2012 11:50pm Dec 27, 2012 11:50pm
Hi Traders,

I am back with more questions regarding SSBO, I have read from the main thread and from the the thread "Tools for forexhard's Stairstep Breakouts system" and looked at a zillion charts that were posted with different settings etc.
Spent 3 days adjusting and re-adjusting the settings on the indicator, noting down results on different currency pairs and at this stage I feel I am totally confused. There are things I think I read somewhere but can't find anymore.
So I decided to come back for help... my main questions are:
- Do you use different settings for each currency pair? I found settings that produce wins on each of my pairs but after taking out the cost of the spread I was left with about 25% of the profit so had I used individual settings I would have made bigger wins.
-Is the above mentioned due to short term variance or due to the long term difference in volatility for different currency pairs?
-Are higher time frames easier to beat? I remember forexhard posting that 5min is also beatable and some other traders said that they get better results on the 30 min TF. Obviously the spread is a smaller % of the SL...
-Is spread an issue for you guys? I find that 1 pip spread is clearly profitable, 2 pip spread are still profitable but with a very thin profit margin and pairs with 3 pip spread are losers... of course if I tailor the settings I can produce winning results but obviously thats not the point.

PS: if anyone is interested I can post my results for different box sizes on the 5min TF

Hope that you are doing well.

Happy holidays!

-Alex
  • #4,560
  • Dec 28, 2012 12:07am Dec 28, 2012 12:07am
Quoting Forex_Fox
Hi Traders,

I am back with more questions regarding SSBO, I have read from the main thread and from the the thread "Tools for forexhard's Stairstep Breakouts system" and looked at a zillion charts that were posted with different settings etc.
Spent 3 days adjusting and re-adjusting the settings on the indicator, noting down results on different currency pairs and at this stage I feel I am totally confused. There are things I think I read somewhere but can't find anymore.
So I decided to come back for help... my main questions are:
[b]-...
Pairs behave differently so you need different settings for each pair. You need to spend at least 3 months forward testing to get to really know how a pair works and how it behaves on a break. I'm well into 5 months and I'm still learning new little things about each pair I trade, its an ongoing process. What Forexhard and many have suggested is to create a default template and then alter each parameter to get a higher win percentage. My broker gives me fixed spreads so my EU spread is 3 and NU is 5 and I'm still having a very high success rate with my pairs. You need to find your optimal settings with your spread accounted for then it shouldn't be a problem. From the sounds of it you still need to tinker with the setting.

Regarding time frames it comes down to preference and some pairs behave better on some time frames then others.

Most of what I have said in this post has already been stated by several other individuals within the last 50 pages or so. Suggest going back and re reading
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