Extracted Thread (per thread starter's request) | Page 256 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

1 trade per pair per year 6 replies

multiple systems per pair/multiple pairs per system? 3 replies

Extracted Post (per poster's request) 0 replies

Trading 24 hours per day, 5 days per week 14 replies

Attachments: Extracted Thread (per thread starter's request)
Exit Attachments

Extracted Thread (per thread starter's request)

  • #5,101
  • Feb 2, 2013 7:59am Feb 2, 2013 7:59am
Settings I've been using since Oct-Nov:

30bars*23
Buffer 2.5
Min bars closed 2
EMA Filter set to true (a bit reluctant to use, even if it gets me better results since I have no clue what it actually does)
Martingale set to 1 (don't know what changing it does)
Lot multiplier at 2
Max trade sets 6
QTP 24
Attached Image
  • #5,102
  • Feb 2, 2013 8:04am Feb 2, 2013 8:04am
Quoting peppermint
Mock at your own peril. No winning strategy is based on martingale money management. You are deluding yourself. I haven't read where Forexhard recommends martingale money management.
Not mocking, you could have made a better first contribution than a mere "uh-oh". How do you expect me to pay attention to your warnings of the enlightened if you can't even show me that my approach is misleading?
  • #5,103
  • Feb 2, 2013 8:32am Feb 2, 2013 8:32am
Quoting Jayf19
Settings I've been using since Oct-Nov:

30bars*23
Buffer 2.5
Min bars closed 2
EMA Filter set to true (a bit reluctant to use, even if it gets me better results since I have no clue what it actually does)
Martingale set to 1 (don't know what changing it does)
Lot multiplier at 2
Max trade sets 6
QTP 24
Before someone goes bananas on the lot multiplier; you can set it back to 1 and it wont make a dent in the results (besides net pips, obviously)
  • #5,104
  • Edited 10:39am Feb 2, 2013 9:38am | Edited 10:39am
new SSBO with ema increased performance and high accuracy ,this is one of my tuning but very hard to follow trade by this setting
thanks for this thread and hard work for this tool
Attached Image
  • #5,105
  • Feb 2, 2013 10:52am Feb 2, 2013 10:52am
One of my settings - I wish I had taken advantage of Fridays move but I was playing around with the new indicator and got in late and out early - did take 50 out of the move though. I base my criteria for my settings on number of consecutive losses, ideal is 2 or less. I have found using r-multiple's, that the 3rd trade on a martingale setting is just bad news. Sure the indicator may say 100% success on the third trade but the market will do what it will do and that one time it goes to the 3rd stop is a killer. These are adjustments to my thinking as I have been doing my forward test - my focus is changing dramatically from where I was just a month ago.

I know this setting shows 4 consecutive losses but I like the time of day this usually moves.

I am working on taking a portion of my trade off at my QP and moving my stop loss to BE and letting the balance run. I am also working on a way to stack trades before my QP is hit.

I have been having a blast with the new indicator - thanks so much for all your hard work FH and xux. This is fantastic.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzdfeb2.JPG Size: 107 KB
I make money anywhere in the world by taking orders
  • #5,106
  • Feb 2, 2013 1:32pm Feb 2, 2013 1:32pm
Quoting Belmont
No prob.

Does anybody have any idea how the EMA_filter setting works? I thought the indi would simply filter positions by selling short below the MA, and buying long above it, but it's not the case. Also, EMA_filter seems to ignore MinBarsClosedOutside. I get phenomenal results, though.

(I know, I shouldn't ask as SSBO is a naked trading system. When I go live, I swear I'll take my clothes off.)
This is what I have observed so far - the signal comes on when the ema crosses the buffer - something to be aware of - the signal will show up at the buffer though price could be further away than the signal, which means the pip totals could be off. Remember, I have only watched the indicator for a day so I could be seeing my perception instead of what it actually does. What I a leaning towards is because it is a naked system, I still have to watch price action first and not rely on the signal - I might just use it as a confirmation more than an entry. Something to work on.

I have found that is does take into account min bars closed which has caused me to go back into my settings and test that variable. Another variable I have tested is the auto reduce on box size (true or false), I find I am using both. I have played around with other settings just to get a feel and a better understanding of what I can work on to meet my goal of fewest consecutive losses. For the most part I have had to change very little and I find it worth my time to do the work of finding the sweet spot again.
I make money anywhere in the world by taking orders
  • #5,107
  • Edited 5:32pm Feb 2, 2013 3:22pm | Edited 5:32pm
I've been using these settings for a while on the old indicator. Not too many trades and they can drag on but I like the odds.

http://i220.photobucket.com/albums/d...ps031d95d4.gif
  • #5,108
  • Feb 2, 2013 4:53pm Feb 2, 2013 4:53pm
I personally would be reluctant to use the EMA settings, preferring instead to stick more "purely" to SSBO system. CZ's can form above or below MA's and then break out crossing the MA, then forming another CZ before breaking out again in either direction.

MA's are useful for trend following systems, but my understanding the SSBO system is that it is not a trend following system. I know some may feel it gives you an additional edge but as I said, CZ's form above and below MA's and break out either way.


The only way I would use MA's is more in managing a trade I am in and determining potential take profit areas.


Cheers,

Ben
  • #5,109
  • Feb 2, 2013 5:40pm Feb 2, 2013 5:40pm
Quoting SedonaPipper
This is what I have observed so far - the signal comes on when the ema crosses the buffer - something to be aware of - the signal will show up at the buffer though price could be further away than the signal, which means the pip totals could be off.
That's not how I'm seeing it behave, although I'm still clueless and can't provide any reasonable answer.
  • #5,110
  • Feb 2, 2013 11:07pm Feb 2, 2013 11:07pm
Quoting fxglider
This might be a pritty stupid question, but did you try and open a new chart instead of adding it to the same chart the previous indicator was on. Alternatively install a fresh version of Oanda, but change the "path" in Program Files by adding Rev1 at the back. This will give you a fresh installation in a new directory with no link whatsoever to the previous install.
fxglider,

Thank you for trying to help. Yes I did attempt new charts instead of adding to the same chart the previous indicator was on. Without fanfare, I was finally able to make the SSBO indicator work. The process required implementing FXH's instructions PLUS removing ALL of the charts (even those without the indicator attached) off the Oanda MT4 platform, thus leaving NO open charts.

I hope this may help anyone else experiencing this problem with Oanda's MT4 platform.

FXH and XUX, You guys are terrific! Thank you for your efforts and dedication to helping make us profitable traders!
  • #5,111
  • Feb 3, 2013 12:21am Feb 3, 2013 12:21am
eurusd 60min
Attached Image (click to enlarge)
Click to Enlarge Name: eu60min.gif Size: 29 KB
  • #5,112
  • Feb 3, 2013 1:57am Feb 3, 2013 1:57am
Guys, use your common sense! I see too many of you guys setting your Days Back at an unrealistic number. Your Days Back should be set to a value that can also be used for forward testing. So if you do not intend to run a live forward test for 400 or 500 days, then it should not be used for back testing either.
To improve is to change. To perfect, is to change often.
  • #5,113
  • Edited 12:51pm Feb 3, 2013 4:17am | Edited 12:51pm
Quoting bmpearsall
I personally would be reluctant to use the EMA settings, preferring instead to stick more "purely" to SSBO system. CZ's can form above or below MA's and then break out crossing the MA, then forming another CZ before breaking out again in either direction.

MA's are useful for trend following systems, but my understanding the SSBO system is that it is not a trend following system. I know some may feel it gives you an additional edge but as I said, CZ's form above and below MA's and break out either way.


The only way I would use MA's is...
Hi Ben, hi All,

What i've seen for me is that as the CZ can form at anytime, i don't use EMA filtering but the profit (QuickTakeProfit) can be adjusted according to the main trend. For my 1:1 risk reward setup, i adjust it to :

- 1:1,1 when i am in the trend direction
- 1:0,9 when i am in the opposite direction

On a long term basis, this gives a better percentage of success.

What i have seen too is that the second trade success seems much better when it is in the direction of the main trend, (anyway i take only the first trade of a CZ). I use only one M5 closed bar.

And, again, what i have seen is that using martingale is always worse for my money management / only one trade setup.

Hope it can help.
  • #5,114
  • Feb 3, 2013 4:23am Feb 3, 2013 4:23am
Quoting bmpearsall
I personally would be reluctant to use the EMA settings, preferring instead to stick more "purely" to SSBO system. CZ's can form above or below MA's and then break out crossing the MA, then forming another CZ before breaking out again in either direction.

MA's are useful for trend following systems, but my understanding the SSBO system is that it is not a trend following system. I know some may feel it gives you an additional edge but as I said, CZ's form above and below MA's and break out either way.


The only way I would use MA's...
I did not mean to confuse priorities, and do not suggest anybody do so. A breakout is still No.1.

I thought the MA (EMA or SMA) would act as an additional filter to consider taking a position. Btw. to base anything consistent on moving averages, I'd need to examine 2 of them as a minimum.

I suspect that the EMA_filter is made for unbelievers to prove them that their favourite MA100 & MA200 are a waste of time.
  • #5,115
  • Feb 3, 2013 7:46am Feb 3, 2013 7:46am
Like the new indi FXH well done. Been playing around today it can become addictive.
Attached Image (click to enlarge)
Click to Enlarge Name: cable4.gif Size: 22 KB
  • #5,116
  • Feb 3, 2013 11:10am Feb 3, 2013 11:10am
I have noticed that a setting I had for GU 15min chart was 75-80% win range with 100 days back but if I put in 14 days or 30 days it was a loser <50% and neg pips. So be sure to test the short term too!

Quoting forexhard
Guys, use your common sense! I see too many of you guys setting your Days Back at an unrealistic number. Your Days Back should be set to a value that can also be used for forward testing. So if you do not intend to run a live forward test for 400 or 500 days, then it should not be used for back testing either.
  • #5,117
  • Feb 3, 2013 11:25am Feb 3, 2013 11:25am
Backtesting should only be used to determine whether a particular strategy has a viable edge. It's a simple Yes or No question, no finesse required. But you should never use backtested data going forward. That's what the live 100-day forward test is for; this is where we build our preferences; this is where we refine our actual entries and exits and other trading details -- LOTS of finesse required! Going immediately to live trading from a backtest with no plan to refine your details as you go is a fools errand.
To improve is to change. To perfect, is to change often.
  • #5,118
  • Feb 3, 2013 3:38pm Feb 3, 2013 3:38pm
I just want to share one more thing about backtesting - consecutive loss, yes its important but please do yourself a favor and when you find your perfect settings, go all way back and make a note of every trade (loss or win). You may find out that although your cons loss is ie. 4 there is something else. You may find out that your 4 cons losses are followed by just one win and then another 4 losses and another win and 3 losses etc. So by doing that you will know what to expect in the future.
Regards
A.
  • #5,119
  • Feb 3, 2013 7:28pm Feb 3, 2013 7:28pm
GBPUSD pauses after a breakout for 150 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_3feb_1.jpg Size: 96 KB
  • #5,120
  • Feb 4, 2013 3:50am Feb 4, 2013 3:50am
I was looking how exactly that EMA filter works and I noticed this:
Attached Image (click to enlarge)
Click to Enlarge Name: ssbo.jpg Size: 58 KB

The signal came while the price was at the red dotted line, yet the results were calculated from the green dotted line.
So in reality the profit would have been 11 pips - the spread, instead of the 26 that goes into the dashboard results.

So keep that in mind if you plan to use the EMA filter...
2 traders viewing now