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#5,821
Mar 6, 2013 5:07pm Mar 6, 2013 5:07pm

forexhard
| Commercial User | Joined May 2011 | 1,754 Posts

Quoting arieg

Disliked

"This system will work for any pair on any TF", this a quote from the first post in the thread... i think it depends in the timeframe you're looking at, doesnt it? my TP for this trade is 80 pips, and i think its ok for h1 timeframe with 60 pips consolidation.
just to clarify, i dont mean to argue with you, i think that your way of trading is great, and i appreciate your work in this thread! i just want to understant why 150 pips is not realistic in this situation? its only 2.5 the box size in this case, and from what i have seen after folowing...

Ignored

I'm not saying that 150 pips never happens. Of course it does. But compared to 30-50p trades, what's the ratio? And how many trades breakout for 30 or 40 pips, only to reverse back to the CZ? There are MANY trend threads here at FF to participate in. SSBO isn't one of them. In here, we are snipers. Which is something between a scalper and a trend follower. But it fits very well with the CZ trading which I teach in here.

To improve is to change. To perfect, is to change often.

#5,822
Mar 7, 2013 3:41am Mar 7, 2013 3:41am

fexitrade
| Joined Apr 2012 | Status: Trader | 211 Posts

waters seems good today

- eur usd big break over the 1.3 zone

- cable beginnings of a possible cz

- aud usd just broke up

- usd jpy forming a lovely cz - in picture

- usd chf just broke a lovely cz - other picture

- usd cad ehhh nothing too exciting

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#5,823
Mar 7, 2013 3:58am Mar 7, 2013 3:58am

C345
| Joined Mar 2011 | Status: Trader | 305 Posts

Quoting fexitrade

Disliked

waters seems good today

- eur usd big break over the 1.3 zone

- cable beginnings of a possible cz

- aud usd just broke up

- usd jpy forming a lovely cz - in picture

- usd chf just broke a lovely cz - other picture

- usd cad ehhh nothing too exciting

Ignored

Be careful on cable some big news out at midday

#5,824
Mar 7, 2013 4:42am Mar 7, 2013 4:42am

arieg
| Joined Mar 2013 | Status: Trader | 6 Posts

nice cz box on EUR/AUD M15

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#5,825
Mar 7, 2013 5:02am Mar 7, 2013 5:02am

arieg
| Joined Mar 2013 | Status: Trader | 6 Posts

Quoting forexhard

Disliked

I'm not saying that 150 pips never happens. Of course it does. But compared to 30-50p trades, what's the ratio? And how many trades breakout for 30 or 40 pips, only to reverse back to the CZ? There are MANY trend threads here at FF to participate in. SSBO isn't one of them. In here, we are snipers. Which is something between a scalper and a trend follower. But it fits very well with the CZ trading which I teach in here.

Ignored

thank you for the answer. I think that my way of trading is much like the way you teach here (I was inspired alot by this thread), the only difference is that i use S&R lines for managing, and to find the CZ boxes... i still have some rules of maximum box size in pips (for each pair, each timeframe), and minimum length. so you'll see (again, in my opinion) that my charts are usually validin this thread

#5,826
Mar 7, 2013 6:34am Mar 7, 2013 6:34am

juancafactor
| Joined Feb 2013 | Status: Trader | 38 Posts

last trade gbpusd

i cant do it very fast trade on 1 minute

the indi make the trade but only one EA can run it

thanks Xue and forex Hard

i m very happy for the indi thanks a lot

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#5,827
Mar 7, 2013 7:03am Mar 7, 2013 7:03am

C345
| Joined Mar 2011 | Status: Trader | 305 Posts

Amazing what a bit of news can do - or no news in this case lol

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#5,828
Mar 7, 2013 8:11am Mar 7, 2013 8:11am

fexitrade
| Joined Apr 2012 | Status: Trader | 211 Posts

well its been a good day going to have to wrap it up soon but i have made a %6 increase in my account today incredible stuff really here are the details

eur usd - TP 40+ because it hit a previous top cz (first pic)

gbp usd - SL -20 got in late after the initial jump looking at it now i shoulda stayed in damn

usd jpy - TP 40+ another good runner

usd chf - TP 30+ looked like it would pull back early but it didnt

aud usd - -4 still open i have to go soon so i might just cop a small loss

usd cad - still ranging - what do you think of the box guys?

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#5,829
Mar 7, 2013 8:43am Mar 7, 2013 8:43am

arieg
| Joined Mar 2013 | Status: Trader | 6 Posts

Quoting fexitrade

Disliked

well its been a good day going to have to wrap it up soon but i have made a %6 increase in my account today incredible stuff really here are the details

eur usd - TP 40+ because it hit a previous top cz (first pic)

gbp usd - SL -20 got in late after the initial jump looking at it now i shoulda stayed in damn

usd jpy - TP 40+ another good runner

usd chf - TP 30+ looked like it would pull back early but it didnt

aud usd - -4 still open i have to go soon so i might just cop a small loss

usd cad - still ranging - what do you think...

Ignored

the usd/cad just broke your box for short ... and in my opinion the box is too high for usd/cad m15.. but in the hourly chart it seems OK (23 hours). I think that 16-17 pips box for this pair and timeframe is better

#5,830
Mar 7, 2013 9:10am Mar 7, 2013 9:10am

Jon Reed
| Joined Jan 2007 | Status: Raspberry Lemonade Blast | 114 Posts

Was the mql file for the "updated" final edition indi [p.371] ever released? I wanted to add some stuff that I had added to the original final edition but I've browsed through twice and still can't find the mql file, maybe it was never released?

#5,831
Mar 7, 2013 9:32am Mar 7, 2013 9:32am

forexhard
| Commercial User | Joined May 2011 | 1,754 Posts

Quoting Jon Reed

Disliked

Was the mql file for the "updated" final edition indi [p.371] ever released? I wanted to add some stuff that I had added to the original final edition but I've browsed through twice and still can't find the mql file, maybe it was never released?

Ignored

It was never released. Send any ideas for improvements, or notices of bugs, etc., in a PM to Xux99.

To improve is to change. To perfect, is to change often.

#5,832
Mar 7, 2013 10:48am Mar 7, 2013 10:48am

Jayf19
| Joined Feb 2012 | Status: Trader | 219 Posts

Hey FXH I was wondering if you we're still exploring the Multiple exit strategy as you were in the early days of development of the EA, such as you posted back in September (post 3258, page 218)? I really enjoyed that idea and would like seeing an eventual "Multiple TPs hit" on the dashboard (if that is at all possible given the limitations of MT4)

#5,833
Mar 7, 2013 1:07pm Mar 7, 2013 1:07pm

fexitrade
| Joined Apr 2012 | Status: Trader | 211 Posts

Quoting Jayf19

Disliked

Hey FXH I was wondering if you we're still exploring the Multiple exit strategy as you were in the early days of development of the EA, such as you posted back in September (post 3258, page 218)? I really enjoyed that idea and would like seeing an eventual "Multiple TPs hit" on the dashboard (if that is at all possible given the limitations of MT4)

Ignored

Thıs ıs quıet ınterestıng actually ı have have gradual TP system (albeıt sımplıstıc)

maybe ıf there are any statıstıcs specıalısts ın the thread an analysıs could be done to see how often certaın levels are reached on common paırs

just a thought...

after a whıle ıll start usıng my data but ı havent been tradıng thıs system long enough to draw any conclusıons from the data

#5,834
Mar 7, 2013 1:52pm Mar 7, 2013 1:52pm

forexhard
| Commercial User | Joined May 2011 | 1,754 Posts

Quoting Jayf19

Disliked

Hey FXH I was wondering if you we're still exploring the Multiple exit strategy as you were in the early days of development of the EA, such as you posted back in September (post 3258, page 218)? I really enjoyed that idea and would like seeing an eventual "Multiple TPs hit" on the dashboard (if that is at all possible given the limitations of MT4)

Ignored

Yes, the EA allows for multiple position trade baskets. Those pics you mention showed the EA in action.

The indicator dashboard does not display multiple positions, because it's purpose is to help you find the breakout sweet spot, or the optimized QTP.

To improve is to change. To perfect, is to change often.

#5,835
Mar 7, 2013 4:18pm Mar 7, 2013 4:18pm

hxtrader
| Joined Aug 2011 | Status: Trader | 199 Posts

Quoting fexitrade

Disliked

Thıs ıs quıet ınterestıng actually ı have have gradual TP system (albeıt sımplıstıc)

maybe ıf there are any statıstıcs specıalısts ın the thread an analysıs could be done to see how often certaın levels are reached on common paırs

just a thought...

after a whıle ıll start usıng my data but ı havent been tradıng thıs system long enough to draw any conclusıons from the data

Ignored

Fexi, I was toying with this idea several weeks ago. I dont think it's possible to pin it down exactly without an awful lot of work but you can get an approximation simply be adjusting your QTP. Keep all the other settings the same to keep the initial sweet spot your happy with, then just add pips to the QTP and make a note of the 1st win percentages.

For example, I have a sweet spot which gives me near 70% wins on GBPUSD M15 with a QTP of 31 pips, the same size cx, bars closed etc... but with 60 pips hits 46% of the time. You can continue to do this for various QTP's but be aware that when you do this it will be breaking out of different boxes now because some of the original boxes would not form while in a trade. This is why it's only an approximation you could only refine this by forward testing. It should work better on a higher time frame with less cz's per week as you will then be losing less of the original cz's for the lower QTP.

It needs more thought process about other variables I think so dont rely on it (e.g. how often it would reverse to the cz then re-reverse in the original breakout direction taking out you SL which you had moved to BE on hitting 1st QTP). However, the market will only let you have your share of the pips, I know it's tempting to try and get maximum pips on every trade but down that path lies the potential to get ones fingers burned. Also if your closing say a third your position at your QTP which gives you 70% then what your doing is losing 2/3rds of your pips 30% of the time and this will seriously affect your pip count.

As for me I've decided I'm happy at present just having my single target, it works well with SSBO. I do occassionaly trade multiple TP levels (maybe once every 2 or 3 weeks) but on these occasions it isn't just SSBO strategy being although it is still the primary indicator.

#5,836
Mar 7, 2013 9:30pm Mar 7, 2013 9:30pm