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  • #5,201
  • Feb 7, 2013 4:37am Feb 7, 2013 4:37am
Quoting AltosTrader
And on GU - FXH - you did say "let's see those pictures"
lol I think your 63 pips are actually just 6 pips for most of us....
  • #5,202
  • Feb 7, 2013 4:48am Feb 7, 2013 4:48am
Quoting ed1705
lol I think your 63 pips are actually just 6 pips for most of us....
The post just before me from primefx took 60 also - mine is actually 21 x 3. The indicator is catching me up again
  • #5,203
  • Feb 7, 2013 5:14am Feb 7, 2013 5:14am
and again on EU but this one not optimised yet. Still a nice few pips tho.
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  • #5,204
  • Feb 7, 2013 5:33am Feb 7, 2013 5:33am
Quoting SedonaPipper
Now you are taking a tool out of your tool box, wouldn't it be better to learn how to use the frigin thing? Even if you never use it, the knowledge is worth the effort. My opinion.
ed and sedona. i am trying to understand what the martingale and lotmultiplier options do as well. I think it works like this:

if put the martingale at 1. It works as you would expect. If you put the lotmultiplier at 2. it will double (200%)with each trade.
for example. you start with lotsize 1. then second order will be lotsize 2. third lotsize will be 4. etc etc.

and if you put it at 0.8. it will take 80% of your previous order.
for example you start with lotsize 1. then second order will be lotsize 0.8. third order will be 0.64 etc etc (this will be the anti-martingale)

So basically when you put martingale option 1. the number you put at the lotmultiplier will be the percentage of previous order.

So if you want to do anti-martingale. you should put martingale at 1 and at lotmultiplier a number less then 1.


if you put martingale at 0. then the number at lotmultiplier will add that amount to your lotsize with every new order.
for example if martingale is 0 and lotmultiplier is 0.8.
then you start with lotsize 1. the second lotsize will be 1.8. the third lotsize 2.6 etc etc

and if you put martingale at 0 and lotsize is 2.0
then you start with lotsize 1. the second lotsize will be 3. the third lotsize 5 etc etc.


This is how it seems to work. If I am wrong I am sure someone will correct me. But be carefull with these numbers, because it will make a huge impact. I can add some pictures as well, if that will make the explaining more easy.
  • #5,205
  • Feb 7, 2013 8:10am Feb 7, 2013 8:10am
Quoting AltosTrader
JUST TO ANNOY THE GUY WHO IS HASSLING ME WITH PM'S HERE IS EJ WITH 101 P WIN. FXH, would you rather I did not post these big numbers from this monster ?
IMO whatever floats your boat is fine; that being said, I will never overexpose myself to the markets. As has been mentioned before, we need to snipe down our trades, not run blindly to them. I lose interest whenever I see a trade get past the 3rd recovery, that is too much exposure for my taste and for my account; even though that means big pips by the 5th or 6th trade. I prefer fixing my sweet spots to show higher than 70 % individual trades (if possible) with all trades resolving before the 4th recovery trade; and that normally translates into 2-3 CZ's a week.

I always compare the 100 day, and 365 day,just to give me a bit more confidence.

I use martingale on my settings.

Do I plan on making a million by the end of the year, heck no. My targets are 30 % return a year on a single currency. And I only trade a single currency.

But that's just me. I love how this indicator can be taken to whole new levels of MM, but people need to be aware of the foundation of this trading system and somewhat stick to it. And that is still how I perceive SSBO, the same way it was on Post 1; snipe the best CZ first and foremost.
  • #5,206
  • Feb 7, 2013 8:45am Feb 7, 2013 8:45am
So if you want to do anti-martingale. you should put martingale at 1 and at lotmultiplier a number less then 1.


if you put martingale at 0. then the number at lotmultiplier will add that amount to your lotsize with every new order.
for example if martingale is 0 and lotmultiplier is 0.8.
then you start with lotsize 1. the second lotsize will be 1.8. the third lotsize 2.6 etc etc


What is so hard to understand - FH says it in his post Martingale Input. This is not an On/Off switch. It is always doing something: If set to "0" you are anti-Martingaling.

martingale set at 0 lots decrease in size ie 1,.7,.5 etc... with each succeeding trade - set at 1 lots add lot multiplier 2,4,8 etc with each succeeding trade. Both set at 1 nothing happens.
I make money anywhere in the world by taking orders
  • #5,207
  • Feb 7, 2013 9:26am Feb 7, 2013 9:26am
Hmm I'm also getting signals coming in long after the candle opened, AKA too late to jump in; I'm almost sure that it has to do with the EMA filter, but I have yet to understand what is going on.
  • #5,208
  • Feb 7, 2013 9:54am Feb 7, 2013 9:54am
And there is Recovery Trade 1 closing with a bang!
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  • #5,209
  • Feb 7, 2013 9:55am Feb 7, 2013 9:55am
Quoting SedonaPipper
So if you want to do anti-martingale. you should put martingale at 1 and at lotmultiplier a number less then 1.


if you put martingale at 0. then the number at lotmultiplier will add that amount to your lotsize with every new order.
for example if martingale is 0 and lotmultiplier is 0.8.
then you start with lotsize 1. the second lotsize will be 1.8. the third lotsize 2.6 etc etc


What is so hard to understand - FH says it in his post Martingale Input. This is not an On/Off switch. It is always doing something: If set to "0" you...

Yes I didnt understand FH post about that very well. That is why I am not 100% sure what I said is correct. But I tried the 2 functions and this is what it is seems to be doing. So I am pretty sure what I said is correct. I am only not sure how to interpret HF explanation. but if I made a mistake. I hope someone correct me.
  • #5,210
  • Feb 7, 2013 10:02am Feb 7, 2013 10:02am
Why not backtest 3 years data?

This is only my opinion and maybe someone disagree, but what is the point optimizing your box on data 3 or even 2 years ago if market conditions change on a daily, weekly and monthly basis. I would recon good results based on 3 to 6 month's data will be good enough to take to your live account after being verified by forward testing. This is the way I'm going about my live account anyway.

Cheers!
  • #5,211
  • Feb 7, 2013 10:58am Feb 7, 2013 10:58am
Quoting Jayf19
Hmm I'm also getting signals coming in long after the candle opened, AKA too late to jump in; I'm almost sure that it has to do with the EMA filter, but I have yet to understand what is going on.
If I were you I would disable the EMA future, because the original SSBO system does not need any filters. I do appreciate the added futures FH and the guys put in, but I'm sticking to the plain and simple CZ breakout - no matter what the trend or what the news.
  • #5,212
  • Feb 7, 2013 11:12am Feb 7, 2013 11:12am
Regarding the confusion with the anti-Mart feature: Only the EA can calculate the lot sizes that go into the anti-Mart feature. So really, there no sense wasting your time with it at this point.

However, when it works it goes like this: It takes your default Starter Lot size and your default TP/SL into consideration, and projects forward by your Trade Set Reversals -- and then that combined total becomes your new Starter Lot for that trade set. So instead of opening with .10 and working bigger as with Martingaling, it might start with something like 2.75 lots for the breakout trade, and then shrink a little (e.g., 10%) with each re-entry. This is anti-Martingaling.
To improve is to change. To perfect, is to change often.
  • #5,213
  • Feb 7, 2013 11:19am Feb 7, 2013 11:19am
What I woke up to. Absolutely gorgeous.
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To improve is to change. To perfect, is to change often.
  • #5,214
  • Feb 7, 2013 11:39am Feb 7, 2013 11:39am
Quoting fxglider
If I were you I would disable the EMA future, because the original SSBO system does not need any filters. I do appreciate the added futures FH and the guys put in, but I'm sticking to the plain and simple CZ breakout - no matter what the trend or what the news.
Not using it yet, just trying to understand it.
  • #5,215
  • Feb 7, 2013 11:42am Feb 7, 2013 11:42am
Quoting fxglider
If I were you I would disable the EMA future, because the original SSBO system does not need any filters. I do appreciate the added futures FH and the guys put in, but I'm sticking to the plain and simple CZ breakout - no matter what the trend or what the news.
Also as FXH stated, it's not used as a trend indication; it has been implemented to filter entries "in combination with the other entry filters".
  • #5,216
  • Feb 7, 2013 12:00pm Feb 7, 2013 12:00pm
Caught this nice move down on EUR/GBP
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  • #5,217
  • Edited 7:19pm Feb 7, 2013 7:09pm | Edited 7:19pm
There is some controversy as to whether Einstein actually said this or not but for me it does not matter. It works. Period.

“Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”


― Albert Einstein (http://www.goodreads.com/author/show/9810.Albert_Einstein)

It seems to me, and maybe I am wrong (but I don't think so) that many do not appreciate the power in the above statement so let's look at a couple of examples using an online interest calculator. I think many in here would agree that 20 pips a week is achievable. No matter whether you have a 100, a 1000, a 10,000 or more $ account the % is always true. If you traded 0.1 lots from a 1000 $ account and AVERAGED 20 pips daily, I don't think that's a big ask with SSBO, 20 pips daily is 2 % / day and 10% / week then according to http://ncalculators.com/interest/weekly-interest-calculator.htm your return if you compounded faithfully would be 141042.93 $ per 52 weeks. If you were more aggressive and could achieve 50 pips / day or 5% then your return according the calculator would be 109,475,442.53 $. Obviously it will not be exact because you may make 20 % one week and 30% the next but I rest my case. Somewhere between those figures would be acceptable to anyone.

Now I am not going to propose we all try for 109 M$ but the point should be surely clear. Compounding is the greatest tool you can use.

Why would any of you settle for 20 % / year in light of above ? Go play with the calculator but be sure to use compound, not simple interest.

If you won't believe me then have a look at FXH post 4401 0n page 294. Now I think he was simply trying to make a point BUT were 40 % / week achievable - and I doubt it - the compounded return would in fact be $39,687,874,829.94 Not bad for SSBO.

To achieve this you just keep trading the same %, not the same $ amount - I know that will frighten some - it can be scary.

I am also with another group where we ran up nominal 100 % profit in one month without ANY compounding. Unfortunately we haven't seen how to keep that going yet and maybe we hit on a perfect time for the method but these things ARE possible.

A Warning - Very few brokers will let you keep your money so extra due diligence on that one please. Use a dozen different ones and a trade copier and a dozen other means and once you are making money, diversify and if you can, get rid of income tax, it RUINS compounding.

FXH's byline is perfect : If you want something you've never had, then you've got to do something you've never done.
  • #5,218
  • Feb 7, 2013 7:41pm Feb 7, 2013 7:41pm
I'm with you on this one Altos... I have a cycle MM method that I use and even at 20 pips a day, which is simple, the equity grows quickly. The indicator I use calculates my MM cycle which I have set at one week. All profits roll back into my lot size for that cycle. It doesnt become equity until the end of that cycle. So I end up getting 30-80 percent returns risking 5-10 percent. When you have good weeks, like last week, I netted 1040 pips.....well, you can imagine. When people don't believe, it wont happen, its a subconscious emotional block. If you don't believe you can make 20 pips a day, it wont happen.... It can happen and it can be proved very easily if you do the math. You can still be a successful trader even if you lose 70 percent of your trades, you just have to have the right money management. I traded for a week, as a exercise, required by my mentor, flip a coin. Heads you go long and Tails you go short. The stop was 40 and the tp was 80. No exceptions...... it works.....its when we start to think we know what the market is going to do we alter the outcome of our success.

dojirock


Quoting AltosTrader
There is some controversy as to whether Einstein actually said this or not but for me it does not matter. It works. Period.

“Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it.”


― Albert Einstein (http://www.goodreads.com/author/show/9810.Albert_Einstein)

It seems to me, and maybe I am wrong (but I don't think so) that many do not appreciate the power in the above statement so let's look at a couple of examples...
  • #5,219
  • Edited 10:54pm Feb 7, 2013 8:02pm | Edited 10:54pm
Hi doji . . . . yeah, I cannot believe the level of expectation of some "traders ?" I am a member of FXAW and this question was posed there by the forum "owner". Responses ranged from a few hundred dollars a week, which is rather ill defined, to one guy well ahead of me and from what he said I believe him. Forex is just a way of bringing in the cash, then get it invested in one of a dozen ways, passive high dividend returns are nice and keep piling it on in different areas and countries. Forex is King though in terms of trading.

I don't have any calculators for position size, I just use % of balance. That is in the bank, so's to speak. 1040 pips is nice. I think we did ~4500 for Jan but it was on demo. EA trials only - hands off completely.

Well, I hope some of our forum members do actually try that on line calculator. Might wake them up a bit.

Keep it up buddy. Nice.
  • #5,220
  • Feb 7, 2013 8:10pm Feb 7, 2013 8:10pm
Well, I'm off to the Dominican Republic with my boys for 10 days. Wish you all well. Have a great couple of weeks!
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