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  • #5,221
  • Feb 7, 2013 10:03pm Feb 7, 2013 10:03pm
I was fortunate enough to catch this one in the early morning while retracing back in the box, which gave my half the risk entry with 1.5 time profit

Lets see how it plays out...
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  • #5,222
  • Feb 8, 2013 3:29am Feb 8, 2013 3:29am
These “compounding calculations” sound more like the salesman who “introduced” me into forex. And the other guy I met who had a cutting-edge “1 percent a day” forex strategy. Reality check!
  • #5,223
  • Feb 8, 2013 3:30am Feb 8, 2013 3:30am
Caught the GBP today for +30.
Thanks FXH and XuX, the new indi looks great and I am looking forward to testing the EA.
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  • #5,224
  • Feb 8, 2013 3:46am Feb 8, 2013 3:46am
there's gat to be something coming up soon
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emotions when not properly managed acts as bariers
  • #5,225
  • Feb 8, 2013 4:56am Feb 8, 2013 4:56am
Quoting primefx
there's gat to be something coming up soon
Thank you for posting - I'm also watching this one now
  • #5,226
  • Feb 8, 2013 5:18am Feb 8, 2013 5:18am
Quoting Belmont
These “compounding calculations” sound more like the salesman who “introduced” me into forex. And the other guy I met who had a cutting-edge “1 percent a day” forex strategy. Reality check!
Go work it out yourself - I gave you a link.
  • #5,227
  • Feb 8, 2013 5:29am Feb 8, 2013 5:29am
Quoting manfredg
Caught the GBP today for +30.
Thanks FXH and XuX, the new indi looks great and I am looking forward to testing the EA.

Please, can you upload the new indi?
  • #5,228
  • Feb 8, 2013 5:49am Feb 8, 2013 5:49am
GBPUSD on H4 still delivering pips. Another closed out a few minutes ago.
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  • #5,229
  • Feb 8, 2013 5:57am Feb 8, 2013 5:57am
Quoting luisermers
Please, can you upload the new indi?
Would you expect your employer to pay you a years salary in exchange for nothing whatsoever. What would your employer's response be? once you have your answer, you also have mine and no doubt that of 99% of the people following this thread.
  • #5,230
  • Feb 8, 2013 7:49am Feb 8, 2013 7:49am
Quoting AltosTrader
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".
I fully understand the concept of compounding interests, I work with it every single day. I'm just saying that their are different approaches to using SSBO, and at the point where I'm at in my life, I know I can't invest as much time as I should be.

So I'm sticking to my guns while I learn to trade 100% by my plan and truly understand the system and the how new indie works and behaves.
  • #5,231
  • Feb 8, 2013 8:01am Feb 8, 2013 8:01am
Nice trade.
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  • #5,232
  • Feb 8, 2013 8:33am Feb 8, 2013 8:33am
Quoting primefx
there's gat to be something coming up soon
I assume you were riding this wave primefx. I traded this the old fashioned way no indi just manually drawing a box with 2:1 RR and took 45 pips from it. Theres something ever so satisfying about the naked method. Thats me done for the week, I'm spending the rest of the day on the new indi tweaking settings ready for next week.
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  • #5,233
  • Feb 8, 2013 9:14am Feb 8, 2013 9:14am
Altos

Here's a pic of the results I get from your EJ15 settings you first posted (I understand this was before our understanding of the MGale settings, nevertheless here's how I see it)

I compared both your settings and a more conservative approach; reducing the number of CZ (from 7.2 per week to 5.4 per week; which BTW I still consider too high for my taste). Both pictures show results without MGale (settings to 1:1). The results are MUCH more interesting, but again, for my taste, I don't like the R:R on these settings.



Slap some Anti-MGAle on that baby and your net pips grows up by an extra 600 pips and reduces your exposure even further. (Cheers to FXH for the anti-MGale feature)

EDIT : Sweet spot for Anti MGale being 0:0.75
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  • #5,234
  • Feb 8, 2013 11:09am Feb 8, 2013 11:09am
And finally after fiddling some more, here are some settings a consider more "traditional" and in-line with the SSBO core.

Less exposure overall (2.4 CZs a week); better R:R (QTP at 45 pips instead of 19), and less "risk" caused by MGale, as these settings use a standard AntiMGale (0:1) ratio.

PS: Thanks for introducing me to this new currency

PPS : Thanks again for adding the AntiMGale FXH and XUX, I'm starting to see it's potential and an alternative to my MGale settings.
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  • #5,235
  • Feb 8, 2013 11:54am Feb 8, 2013 11:54am
And last but not least, fine tuned to a 1.1 to 1.0 R:R (excluding spread, obviously), with a QTP set at 62.5. No bars required to close, so max S/L will always be 57 pips.

AntiMGale = 2.1k pips
NoMGale = 1.3k
1.5 MGale = 1.8k
2x MGale = 2.5k

A bit more exposure than the last one, but a better R:R overall. My two last posts are something that I would be much more willing to trade upon, rather than 7.2 CZ's a week...

My first one being my conservative settings: prioritize the initial breakout and either use a NoMGale approach or an AntiMGale
While my second (this post) would be the more aggressive one. With more exposure and a focus on the whole CZ, rather than the initial breakout.

Conclusion : We can use this indie with great success using the tools in the toolbox to suit our preferences, all the while not losing the core fundamentals of SSBO...

Edit: Needless to say those settings are fine tuned to 100 days back, I have yet to forward test this
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  • #5,236
  • Feb 8, 2013 12:03pm Feb 8, 2013 12:03pm
Jayf19 - Just a quick note to say that I really appreciate the slow, methodical, common sense approach you have displayed in your last few posts. I wish everyone here could get on board with the same philosophy, and steer clear of the grandiose. In the history of FF not one person has ever showed proof of turning 1K into 1 million in a year or less, but many have showed proof of turning 1K into 10K. As always, I tend to go with the proven odds not the imagined ones, and I of course recommend everyone here to do so as well.
To improve is to change. To perfect, is to change often.
  • #5,237
  • Feb 8, 2013 12:14pm Feb 8, 2013 12:14pm
Quoting forexhard
Jayf19 - Just a quick note to say that I really appreciate the slow, methodical, common sense approach you have displayed in your last few posts. I wish everyone here could get on board with the same philosophy, and steer clear of the grandiose. In the history of FF not one person has ever showed proof of turning 1K into 1 million in a year or less, but many have showed proof of turning 1K into 10K. As always, I tend to go with the proven odds not the imagined ones, and I of course recommend everyone here to do so as well.
Thanks, I was actually a bit concerned that my thought process might not be in the "right direction".

Learning something new is always fascinating and somewhat frightening..

I'm enjoying the new indie for sure, but I fear some are getting caught in the "look at my pips when I change X value" when ultimately they are using past history, overexposed per the core fundamentals of the system, topped with R:R that don't really stand a chance in any trading system, IMO.

I have to say that I am thankful that you decided to throw us the indie without any explanations, for me at least, it has forced me to take a step back and try to understand what's really happening if I change X and Y values, and how they are interrelated. And today I really got a hold of the MGale feature.
  • #5,238
  • Feb 8, 2013 1:08pm Feb 8, 2013 1:08pm
Quoting forexhard
Jayf19 - Just a quick note to say that I really appreciate the slow, methodical, common sense approach you have displayed in your last few posts. I wish everyone here could get on board with the same philosophy, and steer clear of the grandiose. In the history of FF not one person has ever showed proof of turning 1K into 1 million in a year or less, but many have showed proof of turning 1K into 10K. As always, I tend to go with the proven odds not the imagined ones, and I of course recommend everyone here to do so as well.
FXH
You forgot the ones who have turned $1000's in to $0.00 there are many many many of those lol
  • #5,239
  • Feb 8, 2013 1:15pm Feb 8, 2013 1:15pm
Quoting dryclean
FXH
You forgot the ones who have turned $1000's in to $0.00 there are many many many of those lol
Good point, but you know me, ever the optomist!
To improve is to change. To perfect, is to change often.
  • #5,240
  • Feb 8, 2013 2:51pm Feb 8, 2013 2:51pm
Hi all, I'm new to this thread. spent almost 2 1/2 hour reading the first 15 pages so far, plus the PDF's.
Will read from page 1 to 15 again Tomorrow morning, every single day the coming week whileI test this next week. really curious.
Thanks for the contributors. I'm pretty analytical and very straight forward. You won't see me posting that much as I try to post only usefull things that do contribute. Thanks FH and all the others.
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