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  • #6,761
  • Apr 26, 2013 9:52pm Apr 26, 2013 9:52pm
Quoting Armacom
Just something I discovered. If you trade GBP/USD and you don't know when to open your trading station, it's a good idea to check your charts around 8:00 - 8:30 AM GMT + 2:0. Often CZ are finished forming around this time and more important price often retraced back a little into the CZ without compromising the win ratio of the strategy. Entering the market with a few pips less to stop-loss at a same % of risked capital means a bigger R:R without touching your TP. Take a look around 8:00 - 8:30 if a new CZ formed take it at the break, don't...
Sorry Amracon, not to be rude or shoot down your idea, but the whole principle of SSBO is that it is not limited by time, sure some may often come up on certain currencies at certain times but that is not the real principle. Others trades a london breakout strategy etc... but pure SSBO is just to find the CZ at any time of day!

Cheers,

Ben
  • #6,762
  • Apr 26, 2013 9:55pm Apr 26, 2013 9:55pm
Quoting melodious
{quote} I wasn't asking for anything, just wanted to share what I found in case anyone was interested. Most of the charts posted here have been 15m charts. And yes I will be trading the next set up with these settings. Edit: I am sorry for offending you and polluting this thread, and wasting your time with my useless chart. I was excited about this system, and the powerful indicator. Thank you ForexHard and others for the countless hours you have put into this so that others may learn. For the record, I have spent the last week reading this thread...
Melodious,

If what you say is true, I understand where you are coming from. I also know where Sedona is coming from. Point is, post charts you are trading not imaginary stats then you will really engage us all in conversation. otherwise its like sitting down with a compound table spreadsheet and telling everyone "hey look! if I just did this I will be rich in 1 year!" nobody is going to get excited unless you're walking the walk.

Look forward to future posts and chart.

Ben
  • #6,763
  • Apr 26, 2013 9:56pm Apr 26, 2013 9:56pm
Quoting grimnokk
Ok here is a lessons learned. Since all of my charts so far have been on the winning side, here is a loser for me. And what i did wrong. {image} (http://s262.photobucket.com/user/yentes1/media/FX/06b79a7c-ad65-4f57-acf6-af9c8a197972.jpg.html) Looks good in the picture yes? Problem being, I use a trade manager to manage my trades for me once I manually enter the first "Breakout" trade. What went wrong here, is a decimal point error in my trade manager lot sizes that I set. So with this set of trades, it went to recovery trade 2 and would...
So system is good, user is bad? ha ha Keep it up and keep posting to this system.


Ben
  • #6,764
  • Apr 26, 2013 9:58pm Apr 26, 2013 9:58pm
Quoting fx_forever
Thanks to FX Hard, thanks to developpers of the indicator (i am using the 'old' one too). I am in profit (+36% since february) and feel comfortable for the future. Thanks to you guys !
Then get on board and share your insights about trading the system!

Cheers,

Ben
  • #6,765
  • Apr 27, 2013 1:21am Apr 27, 2013 1:21am
Quoting oztrader79
{quote} Sorry Amracon, not to be rude or shoot down your idea, but the whole principle of SSBO
No offense taken In your post Ben, we are here to help each other ! You are right about that, I'm not saying you shouldn't open your charts at others hours, or shouldn't take the trade if it's not at that time, just saying that if you have the possibility pop that chart open and take a look around that time .. more often than not it will be in your favor

It's right that FH said that the method wasn't time based so what I suggest is maybe out of line. Ignore what I said, just trying to improve my ignorance, it came up when I read my journal

Have a nice weekend !
Don’t ever let someone tell you that you can’t do something.
  • #6,766
  • Apr 27, 2013 6:09am Apr 27, 2013 6:09am
Quoting oztrader79
{quote} So system is good, user is bad? ha ha Keep it up and keep posting to this system. Ben
Yep Oz, that's what I'm saying. system works just fine. however the I D 1 0 T errors can really hurt.
  • #6,767
  • Apr 27, 2013 6:15am Apr 27, 2013 6:15am
Quoting oztrader79
{quote} Sorry Amracon, not to be rude or shoot down your idea, but the whole principle of SSBO is that it is not limited by time, sure some may often come up on certain currencies at certain times but that is not the real principle. Others trades a london breakout strategy etc... but pure SSBO is just to find the CZ at any time of day! Cheers, Ben
I used to think the same thing. I started noticing that a CZ would form around a certain time with my settings. However after watching the same pair for almost a month now, that's just not the case. So it may seem that way for a week or two, but I would be willing to bet that the CZ formation "time" will change if you keep watching it moving forward.
  • #6,768
  • Apr 27, 2013 11:51pm Apr 27, 2013 11:51pm
Quoting AltosTrader
Anybody know where I can get an equivelant of this small trade manager used on the Vantage platform. I want one that can be used on any MT4. {image}

Hi Altos,

This comes standard with any new IBFX MT4 install.
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #6,769
  • Apr 28, 2013 12:18am Apr 28, 2013 12:18am
Quoting oztrader79
{quote} Then get on board and share your insights about trading the system! Cheers, Ben
Hi Ben,

How to share anything more here ?

Forexhard is like 'in his house', like a bulldog hunting for anyone 'not in line with SSBO'. I use SSBO, so 'whatelse ?'. So many posts have been done here.

I wanted to say it REALLY worked for me (live account). Good news isn't it ?

What i can share is that when i use settings i see in charts posted here, i have very different results. It seems to be completly bound to the broker in use.

And i am using the 'old' indicator because :

- It helps comparing to manually drawing boxes
- As a SSBO follower i did my training period for 2 months and don't want to go back at the beginning with the new indicator.
- So i absolutly don't masterize the new indicator. Better stay with the old one knowing where i go and how it works. I strongly believe simplicity = robustness.

So i will probably post some account status of my live account in six months (but not before, it is useless).

Wish you a good day.
  • #6,770
  • Apr 28, 2013 12:26am Apr 28, 2013 12:26am
Quoting Armacom
{quote} No offense taken In your post Ben, we are here to help each other ! You are right about that, I'm not saying you shouldn't open your charts at others hours, or shouldn't take the trade if it's not at that time, just saying that if you have the possibility pop that chart open and take a look around that time .. more often than not it will be in your favor It's right that FH said that the method wasn't time based so what I suggest is maybe out of line. Ignore what I said, just trying to improve my ignorance, it came up when I read my journal...
You know what armacom ? This is not part of SSBO (but keep on going ).

Nice weekend to all.
  • #6,771
  • Apr 28, 2013 12:31am Apr 28, 2013 12:31am
Quoting TraderJoe
{quote} Hi Altos, This comes standard with any new IBFX MT4 install.
Yes, there are same or similar on many platforms but not on brokers that I want to use. Never mind, I have other options. There are quite a few trade managers right here on FF.
Cheers.
  • #6,772
  • Apr 28, 2013 2:24am Apr 28, 2013 2:24am
Quoting fx_forever
{quote} You know what armacom ? This is not part of SSBO (but keep on going ). Nice weekend to all.
Chill out fx_forever. What I said was not to shoot down any deviation of the method but just to say this is very secondary (as Grimnokk confirmed in the following post). Helpful advice can save people wasting time following dead ends e.g. "I thought CZ's formed at a certain time everyday but then I found over the months that in fact that was quite random."
  • #6,773
  • Apr 28, 2013 2:26am Apr 28, 2013 2:26am
Quoting fx_forever
{quote} Hi Ben, How to share anything more here ?
How? Post your charts, explain your trades. I was actually trying to be positive about your results but was gently asking you tell us more how you got there.


Ben
  • #6,774
  • Apr 28, 2013 3:17am Apr 28, 2013 3:17am
Thanks Fx-Forever for the encouraging words !

It's true Oz that what I've observed is only based on the 71 last CZ's ( from mid january ). If noted this results :

Formed around this time :
Yes : 35 Of which 14 gave a pip advantage
No : 36 Of which 20 gave a pip advantage

Like you said OZ, maybe just a momentary phenomenon, but I like to leave no stone unturned. It's by hard and meticulous work that people succeed. I take note of everything I observe, some lead to nothing, some lead to something. Those that lead to nothing are not a waste of time because than I knòw that I can abandon that idea and the thought won't haunt my mind anymore

Don't won't to deviate from the thread of cause trouble, so let's not go further into this
Don’t ever let someone tell you that you can’t do something.
  • #6,775
  • Apr 28, 2013 8:14am Apr 28, 2013 8:14am
Last week was the first time my patience and trust in the system was put to test to the max.
4 trades deep on the UJ before coming out a winner with a 2% gain +78 pips
3 trades deep on EU before coming out a winner with a 1.5% gain +65 pips

Probably one of the best feelings, sticking to your trading plan and watching it come to fruition
I used a little bit of martingale, I increase my TP after each loss and i have a max 4 trades per zone
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: uj 5.png Size: 157 KB
  • #6,776
  • Apr 28, 2013 5:54pm Apr 28, 2013 5:54pm
GU 5min forming nicely to start off the week
Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 187 KB
  • #6,777
  • Apr 29, 2013 3:31am Apr 29, 2013 3:31am
I have been secretly following this thread for a while now, and am quite impressed by this indicator. I read some time ago, that there could be some cosmetic issues with the entrypoints repainting, but that the CZ box's should remain and not repaint after they had formed. Is this a complete misunderstanding on my part?

I have noticed though, that when using settings with a low min boxLength, i have had several CZ box's repaint themselves even after a trade has been opened. You can see an example of this in the screenshots below. Is this an already known issue with the indicator or am i simply misunderstanding something?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 390 KB


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot5.png Size: 392 KB


I know how protective you are over this thread, but as a junior member i am not allowed to PM people yet. Let me know and i will delete this post if i'm completely off.

Kind regards to all
  • #6,778
  • Apr 29, 2013 4:56am Apr 29, 2013 4:56am
Quoting Zerrox
I have been secretly following this thread for a while now, and am quite impressed by this indicator. I read some time ago, that there could be some cosmetic issues with the entrypoints repainting, but that the CZ box's should remain and not repaint after they had formed. Is this a complete misunderstanding on my part? I have noticed though, that when using settings with a low min boxLength, i have had several CZ box's repaint themselves even after a trade has been opened. You can see an example of this in the screenshots below. Is this an already...
I have had the same thing happen to me twice now. Unfortunately I dont have any screen ccaptures to prove it. But it happened to me last night on Cable. I am interested in hearing what comes of this......
  • #6,779
  • Apr 29, 2013 5:33am Apr 29, 2013 5:33am
Quoting grimnokk
{quote} I have had the same thing happen to me twice now. Unfortunately I dont have any screen ccaptures to prove it. But it happened to me last night on Cable. I am interested in hearing what comes of this......
This issue has already been dealt with in the past. Learn to understand how certain functions of the indicator behave with MT4.
  • #6,780
  • Apr 29, 2013 6:11am Apr 29, 2013 6:11am
Quoting Jayf19
{quote} This issue has already been dealt with in the past. Learn to understand how certain functions of the indicator behave with MT4.
Here is what I have found.

Quoting forexhard
............ Second, if anyone (using the latest indi version) spots a CZ box repainting/resizing after a breakout trade arrow has popped up, then this is a bug which Xux needs to hear about. If this is what you guys were referring to a few pages back, then I apologize. I misunderstood. What I thought was being described was arrows that you would see one minute, and then a few minutes later they might be gone. If I didn't misunderstand, then this is still an issue with MT4. If it's a box repainting/resizing after a trade arrow has popped up, then...
Now in my case a breakout arrow was not triggered, so it appears that a new CZ could still form in a different spot. I did not have an issue of the "arrow" re-painting itself. It was the CZ box itself that re-painted.

http://i262.photobucket.com/albums/i...f0a2e9f57e.jpg (http://s262.photobucket.com/user/yentes1/media/FX/7849fd74-6b66-4dee-a6ab-fef0a2e9f57e.jpg.html)

The Bright blue box is where the original CZ formed. I put an arrow on a bar that started to breakout, but only made it 3.1 pips outside the CZ. Now my buffer line is 3.5 pips, so this did not trigger a breakout. But you can see that 2 hours later, price continued to consolidate. And in doing this a new CZ was formed around the longer bar that did not break the buffer line.

Maybe I am dense, but please help me understand. This was not an arrow re-paint which is an issue of MT4.
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