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  • #5,601
  • Feb 22, 2013 1:50pm Feb 22, 2013 1:50pm
Do you see what I see?

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Have a nice weekend.
  • #5,602
  • Feb 23, 2013 2:14am Feb 23, 2013 2:14am
A very good week.
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  • #5,603
  • Feb 23, 2013 5:23pm Feb 23, 2013 5:23pm
OK guys, how's it going with the indi? I've already spotted a bug, so I won't be too surprised if we get a couple more. With an instrument as complicated as this one, it's bound to happen. The good news is that the last dozen bugs I've noticed all have to do with cosmetics, nothing to do with the actual functions or calculations. I'm pretty sure we're past that point, Xux has made sure of that.

Anyway, speak up if you see anything you're not supposed to....
To improve is to change. To perfect, is to change often.
  • #5,604
  • Feb 24, 2013 2:52am Feb 24, 2013 2:52am
Haven't been on FF for a very long time. Was bored at work and checked in stumbled upon this thread and was just:
"wow this is pretty much how I trade just better defined than my own way"

Im trading pretty much exclusively breakouts or rather breakout retrace to congestion area and if PA shows a bounce then i pull the trigger. This method of finding the congetstion area is kick ass and will help me tremendously. I'm at page 50 now and as soon as I catch up I will create a little subaccount and trade this way exactly until i get a big enough sample set to see if i will do this exactly or use the method but with my old money management.

Awesome posts FH like your style the visual style of hunting congestion with a "predefined" box really helps and might help me branch out and keep up with more pairs than I do now manually checking and "hmmm, is this a congestion or..." that I use now.
The universe seems neither benign nor hostile, merely indifferent.
  • #5,605
  • Feb 24, 2013 12:49pm Feb 24, 2013 12:49pm
85.18% win rate on cable for me last week on ssbo - now that's not bad lol.
  • #5,606
  • Feb 24, 2013 2:08pm Feb 24, 2013 2:08pm
Quoting C345
85.18% win rate on cable for me last week on ssbo - now that's not bad lol.
If you don't mind, how about breaking that down for us a little more? You know, number of total trades, winners vs. losers, Longs vs. Shorts, worst DD, that kind of stuff...
To improve is to change. To perfect, is to change often.
  • #5,607
  • Feb 24, 2013 2:23pm Feb 24, 2013 2:23pm
Quoting forexhard
If you don't mind, how about breaking that down for us a little more? You know, number of total trades, winners vs. losers, Longs vs. Shorts, worst DD, that kind of stuff...
Ok took 27 trades on GU with 23 winners. Max draw down 2 trades. Trade mainly off the 1 hour tf. Normally only one trade a day but keep adding hence the 27. Hope this makes sense! Posted last weeks chart above somewhere.

Quite happy to pm you a statement if its of interest.
  • #5,608
  • Feb 24, 2013 2:27pm Feb 24, 2013 2:27pm
Quoting forexhard
OK guys, how's it going with the indi? I've already spotted a bug, so I won't be too surprised if we get a couple more. With an instrument as complicated as this one, it's bound to happen. The good news is that the last dozen bugs I've noticed all have to do with cosmetics, nothing to do with the actual functions or calculations. I'm pretty sure we're past that point, Xux has made sure of that.

Anyway, speak up if you see anything you're not supposed to....
I thought Breakout Long and Breakout Short means the first Breakout from a CZ box. If I have 4 CZs on a chart it should mean I have 4 Breakouts if I have MaxTradesPerSet=1. But the Info says Breakouts Long=5 and Breakout Short=6. Why 11 breakouts if I have only 4 boxes. Is it a bug or have I misunderstood something?
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  • #5,609
  • Edited 8:29pm Feb 24, 2013 5:03pm | Edited 8:29pm
Quoting Greger64
I thought Breakout Long and Breakout Short means the first Breakout from a CZ box. If I have 4 CZs on a chart it should mean I have 4 Breakouts if I have MaxTradesPerSet=1. But the Info says Breakouts Long=5 and Breakout Short=6. Why 11 breakouts if I have only 4 boxes. Is it a bug or have I misunderstood something?
There is some information that is not showing on the chart - I think there should have been a couple of long trades that didn't hit the take profit before the stop loss. I don't see the 11 breakouts on your information panel so I am confused with your analysis.
I make money anywhere in the world by taking orders
  • #5,610
  • Feb 24, 2013 8:20pm Feb 24, 2013 8:20pm
i dont know if its a bug for everyone, but for me the spread is always shown as 1p for every pair, all the time. I think this might affect the calculations of the new features also.
  • #5,611
  • Feb 24, 2013 8:21pm Feb 24, 2013 8:21pm
Quoting w42
i dont know if its a bug for everyone, but the spread is always 1p for every pair, all the time.
this has been covered already-
I make money anywhere in the world by taking orders
  • #5,612
  • Feb 25, 2013 1:36am Feb 25, 2013 1:36am
Quoting SedonaPipper
There is some information that is not showing on the chart - I think there should have been a couple of long trades that didn't hit the take profit before the stop loss. I don't see the 11 breakouts on your information panel so I am confused with your analysis.
Sorry for the confusion, it was my mistake. It should have been 6 breakouts (Breakouts Long=3 and Breakouts Short=3). But the problem still remains: how can there be 6 breakouts but only 4 CZs? (A breakout is a breakout even if it doesn't hit the take profit, I suppose).
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  • #5,613
  • Feb 25, 2013 1:43am Feb 25, 2013 1:43am
Breakouts are not taken into account for the current CZ, only for the past ones. We can't know the maximum distance of a breakout before the CZ ends and a new CZ is formed, therefore the statistics would be inaccurate.

Quoting Greger64
Sorry for the confusion, it was my mistake. It should have been 6 breakouts (Breakouts Long=3 and Breakouts Short=3). But the problem still remains: how can there be 6 breakouts but only 4 CZs? (A breakout is a breakout even if it doesn't hit the take profit, I suppose).
  • #5,614
  • Feb 25, 2013 2:47am Feb 25, 2013 2:47am
i cant possibly read all the post in this thread but have done for the first few pages (40 posts per page)

i know its a good system/way/methodology but i hope with these and all threads, we can list down its limitations, i give one example:

1. No.possibility of.letting the winners run.

trades are closed at risk:reward, 1:1 or 1:2.

close it when reached, no signs or indication to let it run. pls correct me if i am wrong.

i am also using this method to lookout for grossly wrong trade ive been in, regardless of what u teach. as long as you benefitted me tiny bit. i am grateful. and you should be happy FH hard.
bit . ly/fantestimonials
  • #5,615
  • Feb 25, 2013 3:35am Feb 25, 2013 3:35am
[quote=ForMeFact0ry;6470697]i cant possibly read all the post in this thread but have done for the first few pages (40 posts per page)

ForMeFactory, if you have no intention of reading all the posts in this thread, what do you really hope to get out of your trading of this method? There are no shortcuts - you need to read it all and make notes along the way, then read it again and update your notes, and keep updating them as each week passes. You need to forward test for at least a month or two - then you can answer your own questions having watched the method 'work' for you. Some friendly advice.......................and good luck on your journey.
  • #5,616
  • Feb 25, 2013 4:01am Feb 25, 2013 4:01am
Or, to put it in a nutshell, you can find the method in the first few posts of Forexhard.

The rest (trade management and money management) is up to you. The method is called Stairstep Breakouts for a reason. In the thread, you will find plenty of examples that there's no need to "let the winners run".
  • #5,617
  • Feb 25, 2013 5:06am Feb 25, 2013 5:06am
Hi,

I've spoted a bug
first screenshot was a current chart with live price feed,
the second screenshot is the same chart but with the indi reloaded.
So I presume that the indi doesn't refresh or something...
cheers!
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  • #5,618
  • Feb 25, 2013 5:25am Feb 25, 2013 5:25am
Seems everyone is getting hung up on a few minor bugs in what is becoming a complex piece of work which is being constantly updated free of charge. Take into account we are are working with MT4 which is far from perfect then realise what these guys have achieved in a relatively short space of time.

I go back to post 1 at least once every two weeks just to remind me what its all about. A simple breakout strategy that takes advantage of consolidation periods in the markets. You don't need the indicator it just makes life easier.

Keep it simple and you will make money I know I do. But you need patience and discipline - look at cable today I been sat here since 6.30 am waiting for a trade but none so far.

Good luck all and thanks again to FXH and his coders.
  • #5,619
  • Feb 25, 2013 6:44am Feb 25, 2013 6:44am
Quoting joancb
Hi,

I've spoted a bug
first screenshot was a current chart with live price feed,
the second screenshot is the same chart but with the indi reloaded.
So I presume that the indi doesn't refresh or something...
cheers!
I don't think this is a bug. As I've said before, the indi requires massive amounts of historical tick data from every chart it is attached to. Loading the data from the broker usually takes a few seconds. How long exactly depends on several factors, such as who your broker is, or how fast your internet connection is, to name just 2 out of a possible 10.

Every time I load up a new chart it loads to M15 by default. I count to 10. Then I hit M30, and count to 10 again. I do this all the way up to D1. Then finally, I hit M15 again, and stay. With my broker and my connection, this is enough. By then my M15 chart and indi dashboard are fully operational. YMMV.
To improve is to change. To perfect, is to change often.
  • #5,620
  • Feb 25, 2013 6:48am Feb 25, 2013 6:48am
Quoting C345
Seems everyone is getting hung up on a few minor bugs in what is becoming a complex piece of work which is being constantly updated free of charge. Take into account we are are working with MT4 which is far from perfect then realise what these guys have achieved in a relatively short space of time.

I go back to post 1 at least once every two weeks just to remind me what its all about. A simple breakout strategy that takes advantage of consolidation periods in the markets. You don't need the indicator it just makes life easier.

Keep it simple...
I agree with you, the strategy is everything and the indicator is a sophisticated tool. But RH explicitly asked us to report if we see some bugs or something strange with the new indicator.
RH:... speak up if you see anything you're not supposed to....
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