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Quoting forexhard
Jay, I don't know what you are talking about!
FH, is this your No SL or Different SL strategy?
Jay...i made pips today but i'm still missing out on when to enter the trade for certain

below shows how my trade went..from the red line..
Attached Image (click to enlarge)
Click to Enlarge Name: my trade for today.gif Size: 22 KB
Quoting fx_cash
Jay...i made pips today but i'm still missing out on when to enter the trade for certain

below shows how my trade went..from the red line..
Good.

Now get rid of the yellow lines, the blue lines, and the red lines.

Resize your box to 30x30.

By now you should have candles and a box on your chart, that's it.

Spend 1 good week moving that box around and watch the behavior of the currency (stick to a single pair if you really want to understand the behavior; take many pairs if you simply want to understand what constitutes good CZ)
Quoting hxtrader
It is H4, by the way it's set to 90 days and Iv'e trade the last three. I was hitting a few losses a week back when I got some overlapping cz's....
The thing is, four H4 bars equals just 16 M15 bars. Is your M15 chart set to just 16 bars? If not, why not? If not, why do you expect human nature to be so different from one TF to the next? What is there about trader sentiment on H4 that is so much more powerful than M15 that would encourage you to rely on so much less of it?

Every one of the problems/issues you just described can be traced back to your CZ's having so few bars. If you are thinking of the bars as just a random shape on your charts this is an easy trap to fall in to. For me, they are a symbol of trader sentiment, and my goal is to highlight only the very best zones where the Big Dogs are taking a break, thereby creating a certifiable pause in the market that I can take advantage of. Without this extended pause the SSBO system falls apart. It's so much more than simply 'a pause is starting to form'. I'm looking for a specific type of pause to form; I want the pause to have a specific nature. Which is why, regardless of the TF, my default CZ filter is so much shorter, and longer, than almost everyone else's here.
To improve is to change. To perfect, is to change often.
jay, thanks for that but in ur opinion, how many candles should make a nice cz....i'll say 20 and above...wat bout u
XuX and FXH cheers to both and all the hard work will play with the new toy
DC
OMFG

THANKS YOU!!!!
A thrill just went up my leg - Thank you both for your hard work and commitment.
I make money anywhere in the world by taking orders
Quoting forexhard
OK guys, it's finally here! After 8 months of non-stop work by Xux99 and myself, I am proud to offer the next version of our Authorized Indicator. We've gone over it from top to bottom, more than once. It's as reliable and as bug-free as we can make it. Even so, be sure to let us know if you see anything suspicious.

The only new feature is the EMA filter. Default value is "5". If set to "True" this filter will act in combination with the other entry filters.

I strongly suggest that you first delete any older versions of it from...
Many thanks. Epic doesn't begin to tell the story!

Both of you deserve all the credit in the world. Well done, congrats and we all appreciate your selfless and neverending hard work. Your a credit to both your professions.
For old timers like myself, who are wiser than to just jump in with questions right off the bat......I look forward to the updated manual if indeed that is on the horizon.

But first, let us bask in the glory of all that is FXH and XUX!
Absolutely AWESOME!!! Thanks to FxH and XuX
Quoting fx_cash
jay, thanks for that but in ur opinion, how many candles should make a nice cz....i'll say 20 and above...wat bout u

from your own manual testing, as required on the first page, what did you find worked best? from the numerous charts posted what were they set to? forexhard says on the first page here is not here to spoon feed you. You need to be confident in your own settings, but of course so many charts have been posted you have the foundations laid down for you/


Cheers,

Ben
Yes thanks to fxh and xux for all the hard work put into this indi and making it freely available.
OK guys, it's finally here! After 8 months of non-stop work by Xux99 and myself, I am proud to offer the next version of our Authorized Indicator. We've gone over it from top to bottom, more than once. It's as reliable and as bug-free as we can make it. Even so, be sure to let us know if you see anything suspicious.

The only new feature is the EMA filter. Default value is "5". If set to "True" this filter will act in combination with the other entry filters.

I strongly suggest that you first delete any older versions of it from your system and then do a re-start before downloading.

Only the .exe version is being posted at this time.

And please, to everyone that downloads the Indi, take another minute to shoot Xux a PM to say how much you appreciate him. He's been with us now for almost a whole year, working diligently for all of you guys behind the scenes, never once complaining at all the mods I've requested on behalf of the members of this thread, asking for nothing in return. Xux99 is literally the most patient and professional coder I have ever worked with, and that's saying a lot! We have been VERY lucky to have him on board!

FxH

(Xux's profile page: http://www.forexfactory.com/xux99)

EDIT: Xux says to ignore the last file from the previous page and use this one instead. Again, make a complete delete & re-start before downloading (recommended when exchanging files with the same name).
Attached File(s)
File Type: ex4 AuthorizedSSBODynamicBreakoutBoxFinalEdition.ex4   95 KB | 1,253 downloads
To improve is to change. To perfect, is to change often.
First many thanks for this great work to Forexhard and Xux,

as I am new to this forum, I started to read the thread from the very first page. I think it will take me some days or weeks for the complete reading of this thread, but I will do it. Yes I love to do it...
In the meantime I wish you all the best. I will come back later...

Again, many thanks.

Best regards from munich germany,
Forex Lion
Quoting forexhard
The thing is, four H4 bars equals just 16 M15 bars. Is your M15 chart set to just 16 bars? If not, why not? If not, why do you expect human nature to be so different from one TF to the next? What is there about trader sentiment on H4 that is so much more powerful than M15 that would encourage you to rely on so much less of it?

Every one of the problems/issues you just described can be traced back to your CZ's having so few bars. If you are thinking of the bars as just a random shape on your charts this is an easy trap to fall in to. For me, they...
Hi FXH,
theres 64 M15 bars in 4x4hrs, for the time being I'm trading one break per cz so the 1st trade percentage is a major factor. On my M15 my TP is 70 pips so I can relax the % a bit because the R:R (depending on how far price has moved after 4 closed bars) is almost always between 2-3:1 (however on the H4 its more or less 1:1 but boosted by an 84% 1st trade win ratio).

I've got M15 settings which are tighter and longer which will work well with the ea under development but trading manually I miss to many of the 2nd and 3rd trades to take advantage.
Wow, FXH, Xux you two are awesome. It must have been fate as my mother was due to visit this weekend after I had said I had nothing planned but she had to cancel today. Just as well as it looks like I have a lot of stuff to do and I can't wait.
Quoting hxtrader
Hi FXH,
theres 64 M15 bars in 4x4hrs, for the time being I'm....
You're right. I was confusing it with H1. My bad. Carry on, nothing to see here...
To improve is to change. To perfect, is to change often.
Do yourself a favor and stay here and don't pollute your mind with other systems and bad habits. Not that others are no good but 99% of them lose. You have a winner here... Just my 2 pips

Quoting Forex Lion
First many thanks for this great work to Forexhard and Xux,

as I am new to this forum, I started to read the thread from the very first page. I think it will take me some days or weeks for the complete reading of this thread, but I will do it. Yes I love to do it...
In the meantime I wish you all the best. I will come back later...

Again, many thanks.

Best regards from munich germany,
Forex Lion
Xux & Forexhard,

Nice job on the updated indicator. Thank you for this method. I appreciate all the hours and hard work you put into this.


dojirock
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