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  • #6,001
  • Edited 7:15am Mar 21, 2013 3:41am | Edited 7:15am
Quoting dojirock
Your probably thinking...95 percent individual success rate would be better? look at this....
Think of 10 trades with a 90 pecent success rate(9 out of 10 winners) awesome right...No....give me a 60 percent success rate and I will be happier!
With a TP of 20 and a SL of 25 per say we would have 180 pips in wins (9*20)-25 pips in loss(1*25)=Net pips of 155 pips.

Now the 60 percent success rate...
Trade 1&2 wins...(2*20)=40 net pips...
Trade 3 loss.......(1*25)=15 net pips...
Trade 4 win.......(3*20)=75 net pips...
Trade 5 & 6 loss (1*25...
I understand your point but I would like to show how I look at it:
stoploss 25 pips, multiplier 2,5, 3 trades per set
In total you are risking 243,75 pips per set, so if you divide the 235 pips you won with that you would have won only 0.96 times the amount that you are risking.
without martingale and 90% win rate the 155 pips divided by 25 pips is 6,2.

The thing I'm trying to say is that personally I'm quite cautious when it comes to martingale and I always count the total pips that I'm risking and compare it to the profits.

So with the same pips per loss/profit i'll always take the 90% win rate over 60%
  • #6,002
  • Mar 21, 2013 3:42am Mar 21, 2013 3:42am
anyone in this? eurjpy, Im already out....
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  • #6,003
  • Mar 21, 2013 3:43am Mar 21, 2013 3:43am
I love eurgbp....
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  • #6,004
  • Mar 21, 2013 3:53am Mar 21, 2013 3:53am
My favorite EJ . . . and Cable

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  • #6,005
  • Mar 21, 2013 4:41am Mar 21, 2013 4:41am
I honestly think SSBO has saved my trading career...... its this like this diamond in the rough given to you for free, you can see how valuable it is, but you still need to do your own work to polish it up to extract its full value.

thanks fxhard.... and thanks everyone else for the insightful posts.



Ben
  • #6,006
  • Mar 21, 2013 4:57am Mar 21, 2013 4:57am
Quoting oztrader79
I honestly think SSBO has saved my trading career...... its this like this diamond in the rough given to you for free, you can see how valuable it is, but you still need to do your own work to polish it up to extract its full value.

thanks fxhard.... and thanks everyone else for the insightful posts.


Ben
Yeah, you're right Ben. Even manages to suit our GMT +10 also.

Do you, or does anyone else remember a post that illustrated the use of anti martingale actually proving better than martingaling ? I could have sworn it was in this thread but I cannot find the post. Memory says it was only about two weeks ago but I have been back much more than that and cannot find it. I begin to wonder if I read it in another thread/forum or if the post was deleted. I had mentally marked up to go back and study it but now ah jist plumb caint find it.
  • #6,007
  • Mar 21, 2013 5:11am Mar 21, 2013 5:11am
Quoting AltosTrader
Yeah, you're right Ben. Even manages to suit our GMT +10 also.

Do you, or does anyone else remember a post that illustrated the use of anti martingale actually proving better than martingaling ? I could have sworn it was in this thread but I cannot find the post. Memory says it was only about two weeks ago but I have been back much more than that and cannot find it. I begin to wonder if I read it in another thread/forum or if the post was deleted. I had mentally marked up to go back and study it but now ah jist plumb caint find it.
Yeah just type "anti" in the "search this forum" box on the left and its brings up the recent discussions about it.
  • #6,008
  • Mar 21, 2013 5:17am Mar 21, 2013 5:17am
I did that a few days ago - although I did use anti martingale so, yeah. I'll try anti by itself.

Well darn me days - I found it with just the anti. It was Jay on Feb 10. I wanted to digest what he said but, as I said, I lost the post. Now it is in my scrap book and I can try and work it thru'
Thanks.
  • #6,009
  • Mar 21, 2013 5:48am Mar 21, 2013 5:48am
Quoting Jayf19
By now, I think we all know how to identify the very best CZ and how to trade them; if not, we simply need to reread the thread as the subject matter is extensively covered.

FXH asked up to spill the beans lately, to show & tell our settings and how we make our pips. So, instead of just posting charts about entries and exits that I've been making the past couple of months, I'll start posting the sweet spots I find, along with my perspective as to how we can take advantage of them and what to watch out for.

I remember back in 2011 when Mer shared...

Hi Altos,

Is it the post that you looking for?

BR,

GP
  • #6,010
  • Mar 21, 2013 6:02am Mar 21, 2013 6:02am
Quoting oztrader79
I honestly think SSBO has saved my trading career...... its this like this diamond in the rough given to you for free, you can see how valuable it is, but you still need to do your own work to polish it up to extract its full value.

thanks fxhard.... and thanks everyone else for the insightful posts.



Ben
FXHARD AND XUX
and all traders

MUCHAS GRACIAS
  • #6,011
  • Mar 21, 2013 6:18am Mar 21, 2013 6:18am
Quoting dojirock
All you old timers of the thread probably know this....so I offer this to the noobs....
Thanks a lot for sharing this thoughts.
Luck is important in live, even if you don't believe in it.
  • #6,012
  • Mar 21, 2013 6:25am Mar 21, 2013 6:25am
Quoting AltosTrader
My favorite EJ . . . and Cable

Attachment Attachment
Altos

could you please put your EA

EA easy order settings

please
  • #6,013
  • Mar 21, 2013 6:30am Mar 21, 2013 6:30am
Quoting juancafactor
Altos

could you please put your EA

EA easy order settings

please
Hi - You will find it here http://www.forexfactory.com/showthread.php?t=281772 be sure to use sangmane's version dated November 2011. There are two similar EA's in that thread and the other one does not give you SL or TP.

gendop - Note above, I did find the post by Jay on Feb 10

Cheers.
  • #6,014
  • Mar 21, 2013 8:02am Mar 21, 2013 8:02am
Hey guys,
been practicing with for some time with manual boxing and now started using the indicator. Now there is a question i would like to ask, how you are able to place trades without missing them? because for me it's as if the best breakout happen when i'm asleep or away from the pc.

Thanks for your replies,
prekeivis
  • #6,015
  • Mar 21, 2013 8:26am Mar 21, 2013 8:26am
what is a common buy stop and sell stop pip range for the cz that has proven to work consecutively?


Appreciate it
  • #6,016
  • Mar 21, 2013 9:22am Mar 21, 2013 9:22am
Quoting prekeivis
Hey guys,
been practicing with for some time with manual boxing and now started using the indicator. Now there is a question i would like to ask, how you are able to place trades without missing them? because for me it's as if the best breakout happen when i'm asleep or away from the pc.

Thanks for your replies,
prekeivis
this is covered in the thread already - do what other traders won't do. Figure it out for you - there are several ways to do it: change time frame, set up alerts to your phone and sleep with it, change your settings so all min closes are 0, move your bed, move your computer, set your alarms to music and blast it all through the house, Learn to sleep less, change your belief about the best happening when you sleep, find settings that work when you are awake and can be near your computer. There are many more suggestions, the key is to find what works for you instead lamenting about missed opportunities. Regret is a powerful mental thought that keeps you trapped in the greener pasture syndrome. Regret ruins traders. Give this some thought and share what you come up with as a solution. Mine was to trade four hour charts with min bars closed, That way I can set everything up when the cz forms and go to sleep. Like last night - my NzdUsd trade actually hit my stop, re-entered and closed at my TP all while I slept and I put in the orders hours before I went to bed.
I make money anywhere in the world by taking orders
  • #6,017
  • Mar 21, 2013 9:24am Mar 21, 2013 9:24am
Quoting GreenOCean
what is a common buy stop and sell stop pip range for the cz that has proven to work consecutively?


Appreciate it
I haven't found one and I have tried. The market just won't cooperate with me.
I make money anywhere in the world by taking orders
  • #6,018
  • Mar 21, 2013 9:50am Mar 21, 2013 9:50am
Quoting SedonaPipper
I haven't found one and I have tried. The market just won't cooperate with me.
Maybe he should pm FXH answer could be amusing!
  • #6,019
  • Mar 21, 2013 12:11pm Mar 21, 2013 12:11pm
Quoting GreenOCean
what is a common buy stop and sell stop pip range for the cz that has proven to work consecutively?


Appreciate it
If only there was a recognised spelling for an Alan Partridge sigh
  • #6,020
  • Mar 21, 2013 12:24pm Mar 21, 2013 12:24pm
HxT, C345, AWOL & Doji, please check your PM's...
To improve is to change. To perfect, is to change often.
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