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  • #6,781
  • Apr 29, 2013 5:00pm Apr 29, 2013 5:00pm
Quoting grimnokk
{quote} Here is what I have found. {quote} 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. {image} (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,...
Hello
Your arrowed bar does not cross the buffer line and so no trade is opened (no indi trade arrow shown). Time moves on your CZ box criteria are met again (28 bars x 26 pips) and so a new CZ box is drawn (this is fine because there has not been a trade opened on the previous CZ), which includes your arrowed bar (within the CZ. The CZ box moves down a little bit to include this arrowed bar). Eventually, you have a bullish breakout (crossed the buffer) out a trade is entered and the CZ box is now static.
It looks to me like everything is working correct.
Cheers

Paul
  • #6,782
  • Apr 30, 2013 12:12am Apr 30, 2013 12:12am
Quoting batemap
{quote} Hello Your arrowed bar does not cross the buffer line and so no trade is opened (no indi trade arrow shown). Time moves on your CZ box criteria are met again (28 bars x 26 pips) and so a new CZ box is drawn (this is fine because there has not been a trade opened on the previous CZ), which includes your arrowed bar (within the CZ. The CZ box moves down a little bit to include this arrowed bar). Eventually, you have a bullish breakout (crossed the buffer) out a trade is entered and the CZ box is now static. It looks to me like everything is...
If you look at my screenshots a bit earlier you will see that this is not what is happening. In my screenshots a trade has been opened, but the CZ box is still getting repainted as you can see in screenshot 2.
  • #6,783
  • Apr 30, 2013 12:15am Apr 30, 2013 12:15am
Quoting Zerrox
{quote} If you look at my screenshots a bit earlier you will see that this is not what is happening. In my screenshots a trade has been opened, but the CZ box is still getting repainted as you can see in screenshot 2.
Hi Zerrox

My comments were directed at grimnokk's post, which is below yours. I'm sorry, but I have not looked at your post in detail.

Cheers

Paul
  • #6,784
  • Apr 30, 2013 1:26am Apr 30, 2013 1:26am
Quoting Zerrox
{quote} If you look at my screenshots a bit earlier you will see that this is not what is happening. In my screenshots a trade has been opened, but the CZ box is still getting repainted as you can see in screenshot 2.
Zerrox,

the same answer applies. If an order has not been opened, the CZ will continue to be repainted if it fits within your settings (e.g. 30 pips x 30 bars). Once an order is opened it remains fixed.



Ben
  • #6,785
  • Apr 30, 2013 1:44am Apr 30, 2013 1:44am
Quoting oztrader79
{quote} Zerrox, the same answer applies. If an order has not been opened, the CZ will continue to be repainted if it fits within your settings (e.g. 30 pips x 30 bars). Once an order is opened it remains fixed. Ben
If you look below the 'p' in "22.2 pips" in screenshot 1 you will see a red arrow, indicating that a short position has actually been opened. My guess would be that the arrow must have disapeared again due to the next bar is going up. It would then seem that a position is not open and the CZ can repaint. Problem is I actually opened that position when it appeared. I therefor begin to doubt if the results shown in the panel would actually have been that good, had it been running 'live' over the same period. And if not, then trying to optimize through the panel results would be useless.

Anyway i guess the problem can be averted with a bit more conservative settings. As i said i have primarily had this problem when using EMA filter as well as small box settings.

Kind regards
  • #6,786
  • Apr 30, 2013 1:59am Apr 30, 2013 1:59am
Quoting Zerrox
{quote} If you look below the 'p' in "22.2 pips" in screenshot 1 you will see a red arrow, indicating that a short position has actually been opened. My guess would be that the arrow must have disapeared again due to the next bar is going up. It would then seem that a position is not open and the CZ can repaint. Problem is I actually opened that position when it appeared. I therefor begin to doubt if the results shown in the panel would actually have been that good, had it been running 'live' over the same period. And if not, then trying to optimize...
Apologies I didn't notice the arrow, perhaps a fresh install on the indi? I have never had that problem using various versions of the indi.

Ben
  • #6,787
  • Apr 30, 2013 2:46am Apr 30, 2013 2:46am
Quoting Zerrox
{quote} If you look below the 'p' in "22.2 pips" in screenshot 1 you will see a red arrow, indicating that a short position has actually been opened. My guess would be that the arrow must have disapeared again due to the next bar is going up. It would then seem that a position is not open and the CZ can repaint. Problem is I actually opened that position when it appeared. I therefor begin to doubt if the results shown in the panel would actually have been that good, had it been running 'live' over the same period. And if not, then trying to optimize...
The box can indeed move and cover the breakout candle even after the arrow has shown up if the breakout candle is within the limits, it happens less if you use autoreduce and some buffer zone.
I personally would like that the boxes wouldn't move at all after the criteria have been met, although I have no idea is it even possible The EMA filter will obviously repaint if you set the applied price to close.
  • #6,788
  • Apr 30, 2013 3:11am Apr 30, 2013 3:11am
Quoting profitpips
{quote} The box can indeed move and cover the breakout candle even after the arrow has shown up if the breakout candle is within the limits, it happens less if you use autoreduce and some buffer zone. I personally would like that the boxes wouldn't move at all after the criteria have been met, although I have no idea is it even possible The EMA filter will obviously repaint if you set the applied price to close.
Just set "AutoReduce" to false inside the indi and it will not change size.
  • #6,789
  • Apr 30, 2013 4:29am Apr 30, 2013 4:29am
Quoting AltosTrader
{quote} Just set "AutoReduce" to false inside the indi and it will not change size.
Yes I know that but my "wish" was that the box wouldn't move around anymore once it has formed...
  • #6,790
  • Apr 30, 2013 7:08am Apr 30, 2013 7:08am
Quoting profitpips
{quote} Yes I know that but my "wish" was that the box wouldn't move around anymore once it has formed...
Are you turning off your charts and then turning them back on?
I make money anywhere in the world by taking orders
  • #6,791
  • Apr 30, 2013 10:48am Apr 30, 2013 10:48am
Quoting SedonaPipper
{quote} Are you turning off your charts and then turning them back on?
If I doubt that the box will move/repaint, then yes, I will refresh the chart and see where it will stick. But like I said with right settings you can elimanate that pretty well. Unfortunately, me being quite cautious with my trading, I'm yet to find settings with autoreduce on that I'm confident with. Sure I could set the autoreduce off and leave the chart alone, but that would undermine the history results so I don't want to do that. But nevertheless if there's nothing to be done with the "stability" off the full sized boxes, Ok, the indicator is still an amazing tool and I will keep working with it.
  • #6,792
  • Apr 30, 2013 3:12pm Apr 30, 2013 3:12pm
Okay please see the 2 pictures below. Is there any reason that in the first pic the USD/JPY did not signal a buy for the second order? Is there some setting I am missing? I have a max of 2 to 5 trades per set, so when the first sell closed, it should have opened a buy, correct? Am I missing something? I did not do anything where I put only set sells and do not take any buys so I don not see what the problem here is. Luckily I didn't make this trade this is just the history.

For the second pic, same thing NXD/JPY had a sell, it lost. Not it should have another signal for another sell, correct? Max trades per set is 2 to 5. I just loaded the chart today, but still it should send an arrow, because it is a sell again, correct? THe last bar went past the buffer, so it should signal a sell. Anyone know what I am missing?

Thought this would make for a good discussion. Thanks.
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Faith ends where worry begins, and worry ends where faith begins.
  • #6,793
  • Apr 30, 2013 4:02pm Apr 30, 2013 4:02pm
Quoting forexvegan
Okay please see the 2 pictures below. Is there any reason that in the first pic the USD/JPY did not signal a buy for the second order? Is there some setting I am missing? I have a max of 2 to 5 trades per set, so when the first sell closed, it should have opened a buy, correct? Am I missing something? I did not do anything where I put only set sells and do not take any buys so I don not see what the problem here is. Luckily I didn't make this trade this is just the history. For the second pic, same thing NXD/JPY had a sell, it lost. Not it should...
Have you got "initial direction of breakout" set to false?
  • #6,794
  • Apr 30, 2013 4:10pm Apr 30, 2013 4:10pm
Forexvegan, you have to show your settings - you sent us an incomplete picture and are asking for clarification. There is a reason for keeping your settings on your chart when you post one on this thread. We can better help you without a lot of back and forth. If this is already covered in the thread well guess what - we will ask you to look it up so you can find the answer for yourself.
I make money anywhere in the world by taking orders
  • #6,795
  • Apr 30, 2013 4:16pm Apr 30, 2013 4:16pm
Quoting forexvegan
Okay please see the 2 pictures below. Is there any reason that in the first pic the USD/JPY did not signal a buy for the second order? Is there some setting I am missing? I have a max of 2 to 5 trades per set, so when the first sell closed, it should have opened a buy, correct? Am I missing something? I did not do anything where I put only set sells and do not take any buys so I don not see what the problem here is. Luckily I didn't make this trade this is just the history. For the second pic, same thing NXD/JPY had a sell, it lost. Not it should...
Oh yes, there is a reason, but as OZ and Sedona said, you are hiding it. We cannot see your settings and so cannot tell you the reason.
  • #6,796
  • May 1, 2013 12:35am May 1, 2013 12:35am
Waiting for the breakout on EU, orders in place, let's see what happens
You guys trading with bank holiday in Europe ?
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Don’t ever let someone tell you that you can’t do something.
  • #6,797
  • May 1, 2013 12:45am May 1, 2013 12:45am
Quoting Armacom
Waiting for the breakout on EU, orders in place, let's see what happens You guys trading with bank holiday in Europe ? {image}
London is still opened i think.

But i would not trade today :

- Major european banks closed (lack of volatility)
- AND tomorrow ECB announcement on rate cut or not, MAJOR news, making market unusual, without enough volatility
- AND my experience with SSBO is only 2 training months + 2 live months. I don't have experience with past bank holidays.

Maybe i am totally wrong but i have to learn.

I have nearly the same consolidation zone but will only watch for today.
  • #6,798
  • Edited 5:43am May 1, 2013 4:15am | Edited 5:43am
I had the same fears, but on the other hand FH never said anything about banking holidays ( a least I don't recall ) so I took a leap of faith ...
My GU trade closed quickly at +28 pips profit and after some price stalling on EU ( and doubts about market liquidity/volatility ) I closed it at +10 pips. I see now that it would have gone to QTP ... Would have, could have, should have ... Seems markets are still tradable !

Still in a UJ trade, missed QTP for 1 pip, a little bit frustrating because it's so nice outside and have to monitor

Had not a lot of time this morning so coldn't set up a basket of trades, just went for 1 trade per pair and 1 TP level.

Happy trading

EDIT : UJ TP reached, enough for todat BBQ time
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Don’t ever let someone tell you that you can’t do something.
  • #6,799
  • May 1, 2013 3:38pm May 1, 2013 3:38pm
Quoting fx_forever
{quote} London is still opened i think. But i would not trade today : - Major european banks closed (lack of volatility) - AND tomorrow ECB announcement on rate cut or not, MAJOR news, making market unusual, without enough volatility - AND my experience with SSBO is only 2 training months + 2 live months. I don't have experience with past bank holidays. Maybe i am totally wrong but i have to learn. I have nearly the same consolidation zone but will only watch for today.
This comes back to the whole issue that this system is not news based or public holiday based or time based. Read back through the thread and many reported good results in mid December when there was low volume.

For everybody: TRADE THE CZ, everything else is just noise. As fxhard has said repeatedly, its so simple its hard.

That's what's great about this strategy, unlike others it is very simple and gives clear entry and exit signals (once you have set the indi to your liking).


Ben
  • #6,800
  • May 1, 2013 4:11pm May 1, 2013 4:11pm
Okay I got it, many thanks. Curious what size lots does everyone trade? I know everyone MM is different, just wondering. I trade 0.50 cents per lot for every $1,000. You think this is good or too much. Any suggestions?
Faith ends where worry begins, and worry ends where faith begins.
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