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  • #4,961
  • Jan 25, 2013 9:12am Jan 25, 2013 9:12am
Quoting fx_forever
Jayf19, stay concentrated on the first trade only. Don't trade the other ones. Don't try the Martingale.

Do i think three rebounce trades are equivalent to three independant trades ? My answer is NO. I always see rebounce worse than direct independant trades. Check it for your parameters before continuing that way. So it takes more time to have the same number of trades.

Take your time : this is a TURTLE race.

Hope you will make more pips with that.
Thanks for your concern and recommendations. I will stick to my trade plan which has been profitable for my trading style. I have not touched my settings once since October and I have not been deceived yet. Even if I were to get hit 4 losses in a row using the Martingale, my account would not suffer much. Would I be angry or frustrated if such an event were to occur, absolutely not. I have my money management set to my taste, I have my trading plan set to my taste, and I have my trading journal guiding my every move.

Meanwhile, 3rd trade hit TP, boy was that nerve racking (heavy sarcasm).

Am I happy with the end result? Not any more than I would have been had it hit SL. Why? Because I traded according to plan.
  • #4,962
  • Jan 25, 2013 9:45am Jan 25, 2013 9:45am
Busy day today!

Some might think this is overtrading or controversial, but here it is : after making my pips on the 3rd trade of GU15, I'm in on the pullback entry on GU1.
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  • #4,963
  • Jan 25, 2013 12:08pm Jan 25, 2013 12:08pm
Quoting traderbynite
I made just a few revision to the code for anyone who wants to track their trades & ratio
So i made a few adjustments nothing to the code but just adding last 45 W or L data
Along with more description in the email notification as well as logging your data

Hopefully it helps

SSBO has changes my trading and life
I would point you to the exact post if my searching skills were up to par; unfortunately they are not. Anyhow, I would delete that post if I were you, unless you have received approval by either FXH or Xux99 about modifying the authorized indicator and posting it. FXH specifically asked to respect this request as to not overfill the thread with X amount of modded indi's. So far so good, and I would like to keep it as such.

Edit: Guess my skills aren't that sub-par : http://www.forexfactory.com/showthread.php?p=5557791&highlight=mod#post5557791

Quoting forexhard
Here are the basic rules:

~Only myself or fxspin are allowed to post the finished codes to the thread. This will prevent the thread from becoming overly crowded with unofficial versions that do not bear fxspin's seal of approval. So if you have a custom mod that you've made that you'd like to share with everyone, that great. Just send it to fxspin for him to verify and he'll take it from there.
  • #4,964
  • Jan 26, 2013 10:33am Jan 26, 2013 10:33am
I have been quiet lately - I was feeling guilty because my last post was me taking my frustration out on someone else. Their is no place for that in this thread. I will be more diligent with my posts making sure I am in a good frame of mind.

I had a tough couple of days this week. I was doing really well then had a couple of trades were I was being too aggressive with my money management. You know the end to that story. Ouch - a month of profits out the door. So I went back to my drawing board and have been really fine tuning my trade and money management parameters. Another one of my money management problems was being in too many trades, so I pared my pairs down to 5. I have stopped martingaling, and have finally figured out how to calculate my r-multiples when I do 2 or 3 trades on a cz.

There is more to the SSBO methodology than entries.

I know all of this has been covered in the thread - I learn best by doing and making mistakes and getting back up. I am back up with a new appreciation for SSBO and risk. I am pleased with myself because I haven't given up and instead have really looked deeper into what I am doing and why and what works and what doesn't. A trading friend of mine gave me one solid piece of advice - Trading is all about doing more of the things that work than the things that don't work. That's why I am willing to stick with SSBO for long a long enough period of time to learn what works and what doesn't. Thanks FH for encouraging me to do a 100 day forward test.
I make money anywhere in the world by taking orders
  • #4,965
  • Jan 26, 2013 8:30pm Jan 26, 2013 8:30pm
Quoting SedonaPipper
I have been quiet lately - I was feeling guilty because my last post was me taking my frustration out on someone else. Their is no place for that in this thread. I will be more diligent with my posts making sure I am in a good frame of mind.

I had a tough couple of days this week. I was doing really well then had a couple of trades were I was being too aggressive with my money management. You know the end to that story. Ouch - a month of profits out the door. So I went back to my drawing board and have been really fine tuning my trade and...
Nice to see you back SedonaPipper,

For me over the holidays was rough, kept trying to squeeze pips out of the market, but difficult. It seems we are about back to normal market conditions and some nice SSBO should be forming.... I still only use 1 trade sequences, just seems to work for me. Your realizing some great stuff, hang in there.

doji
  • #4,966
  • Jan 27, 2013 2:19pm Jan 27, 2013 2:19pm
Is the indicator working for MT5
  • #4,967
  • Jan 27, 2013 5:29pm Jan 27, 2013 5:29pm
Quoting traderbynite
Is the indicator working for MT5
Try it. ?
  • #4,968
  • Jan 27, 2013 6:27pm Jan 27, 2013 6:27pm
Quoting AltosTrader
Try it. ?
probably wont but there is a conversion tool for MT5 doesn't work 100% of the time
  • #4,969
  • Jan 27, 2013 11:14pm Jan 27, 2013 11:14pm
1st gbpusd this week.... -30
  • #4,970
  • Jan 28, 2013 12:38am Jan 28, 2013 12:38am
Quoting dojirock
1st gbpusd this week.... -30
How is that even possible? In what alternate SSBO universe would you have taken a Long position off of this box???
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To improve is to change. To perfect, is to change often.
  • #4,971
  • Jan 28, 2013 1:54am Jan 28, 2013 1:54am
Hi all.... and finally I managed to got this move, and counting.
GBP/USD & EUR/USD - M15 - 01/28/2013
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  • #4,972
  • Jan 28, 2013 2:27am Jan 28, 2013 2:27am
For me, last week was a complete disaster. Lost a set of 4, then the next trade went to trade 3 and I missed the 4th winning trade at market open (in the middle of the Asian session).

I have to go back to testing CZ's manually.

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  • #4,973
  • Jan 28, 2013 2:32am Jan 28, 2013 2:32am
Quoting forexhard
How is that even possible? In what alternate SSBO universe would you have taken a Long position off of this box???
Totally agree. Easy money last week and so far today.
  • #4,974
  • Jan 28, 2013 2:50am Jan 28, 2013 2:50am
Quoting Belmont
For me, last week was a complete disaster. Lost a set of 4, then the next trade went to trade 3 and I missed the 4th winning trade at market open (in the middle of the Asian session).

I have to go back to testing CZ's manually.
And if last week was great for you, then what? A professional trader doesn't base his actions on the results of one week. Not on a winning week, or on a losing week either. What happened last week has absolutely nothing to do with SSBO. It just happened to be a week of tightly ranging prices across several pairs. There are definitely reasons for it, but frankly those reasons don't matter enough to even waste time talking about. Ranges happen. Losing happens. Get used to it, then get over it, then get on with your trading. SSBO offers what I have found to be the very best edge in Forex that I have ever seen. But it (the edge) doesn't happen in just one week out of the year. SSBO offers this edge no matter happened last week, or what may happen next. Talking about a bad week makes no more sense than talking about a great one. "Last week I made 500 pips! I'm never changing my settings!", or, "Last week I lost 500 pips! I hate my settings and I'm changing everything before I make another trade!" Both comments are utter bullshit, and only an amateur thinks like this.

If you can't stand losing, then you are in the wrong business.
If you can't tolerate several losses in a row, you are in the wrong business.
If you don't have the patience to build up your edge over the course of several weeks, you are in the wrong business.
To improve is to change. To perfect, is to change often.
  • #4,975
  • Jan 28, 2013 3:23am Jan 28, 2013 3:23am
back to sleep.
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  • #4,976
  • Jan 28, 2013 3:49am Jan 28, 2013 3:49am
hello my ssboers ım watchıng eur usd jpy usd and cable....

jpy usd has not made a cz yet where ıt wıll consolıdate after last weeks hıgh wıll be ınterestıng

eur usds ıs sımılar as ıt has broken resıstance ltros dıdnt fuck up there seems to be a cz decent already formed - ı mıssed ıts break though hopefully anotherone wıll

form ıf resıstance turns support

cables stıll goıng down but check out the recurrıng pattern ın the chart below may ınterest some people ıt forms a cz goes up then goes much further down contınuıng the trend....
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  • #4,977
  • Edited 7:12am Jan 28, 2013 6:47am | Edited 7:12am
Quoting forexhard
Both comments are utter bullshit, and only an amateur thinks like this.

If you can't stand losing, then you are in the wrong business.
If you can't tolerate several losses in a row, you are in the wrong business.
If you don't have the patience to build up your edge over the course of several weeks, you are in the wrong business.

am i in boot camp again?

e/u +20 so far this week...

starting on the second, daunting, read through of the thread. already found some goodies i missed the first time:

-like everyone else it seems, i edited my settings for max pips... then realized through rereading that that was retarded when i hadnt edited for maximum winning %.

here's my question though, how far should you be willing to lower QTF (after other settings) to raise trade/individual wins while staying above 1:1 ? if i drop down to 20p QTF, my win% jumps up 5-10%, but my 1:1 suffers.
  • #4,978
  • Jan 28, 2013 8:18am Jan 28, 2013 8:18am
Quoting w42
am i in boot camp again?

e/u +20 so far this week...

starting on the second, daunting, read through of the thread. already found some goodies i missed the first time:

-like everyone else it seems, i edited my settings for max pips... then realized through rereading that that was retarded when i hadnt edited for maximum winning %.

here's my question though, how far should you be willing to lower QTF (after other settings) to raise trade/individual wins while staying above 1:1 ? if i drop down to 20p QTF, my win% jumps...
Preference, attitude towards risk; no one but yourself can answer that question.

Some might be comfortable with a .85:1 while others won't touch anything under 1.5:1.

It ultimately boils down to your trade plan, how you manage your money, and what's your personal preference.
  • #4,979
  • Jan 28, 2013 8:29am Jan 28, 2013 8:29am
So it's been about a month that I've had my moment of illumination and decided to follow my trade plan. Here's where I stand at a month later.

I haven't touched my settings once on the only pair I trade (since October, for that matter), GU15, although I did add GU1H to my list. During the course of the month, a total of 6CZ have formedon GU15 and 1 on the 1H (starting mid-Jan). Of those 7 CZ, I have been in 4 of them (some misses were intentional as I am in busy season at work; can't monitor trades when I'm at clients...).

Anyhow, I've had a great 1st month so far. I am up 2.41 % in my account, which is slightly under my target for the month. Nonetheless, I'm very satisfied for these results considering it's January, market has been hectic during a good portion of the month, and I was unable to monitor trades for a good 6 days.

I have identified a potential "entry" criteria slightly different from what is taught, but since I have no more than 30 days of forward testing, I will not share that idea until I am confident it is worth sharing and discussing. I am simply writing this for future reference.
  • #4,980
  • Edited 11:17am Jan 28, 2013 9:45am | Edited 11:17am
I will retract my question....
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