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  • #7,001
  • May 29, 2013 11:10am May 29, 2013 11:10am
Quoting forexhard
{quote}I would just rather see it all die off with as much respect and dignity as possible....

hey fxhard do you mind if I start a new learning thread based on this system - there are still people that play this system and who are legit about it...
  • #7,002
  • May 29, 2013 11:26am May 29, 2013 11:26am
Quoting fexitrade
{quote} hey fxhard do you mind if I start a new learning thread based on this system...
Please don't. Just learn it for yourself, and let the public postings die off.
To improve is to change. To perfect, is to change often.
  • #7,003
  • Jun 5, 2013 1:24pm Jun 5, 2013 1:24pm
Exactly one week ago I closed the thread to all postings to give things a break around here. Hopefully you guys have used that time wisely. I know you're still around, because we are still getting about 2000 hits per day, even though no one could post. Regardless, I have relaxed the posting restrictions back to where they were a week ago. If you are still in doubt as to what to do with SSBO, I only have this to say: 1) Go back and start again from Page One/Post #1 and do exactly what it says; 2) Keep a detailed trading diary for the next 100 days; and 3) When you finally start posting in here, be sure to include a chart pic with every message.
To improve is to change. To perfect, is to change often.
  • #7,004
  • Jun 6, 2013 1:10am Jun 6, 2013 1:10am
Quoting mmaker
how do you see that "2000 hits per day" info?....
That's how.

The month before I restricted posting, we were averaging about 4000 hits per day even though we were in the Recycle Bin. About 2000 after I did. The bottom line is that this thread gets LOTS of traffic no matter where it happens to be.
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To improve is to change. To perfect, is to change often.
  • #7,005
  • Jun 6, 2013 6:06am Jun 6, 2013 6:06am
Hello ForexHard,

I have a question, but first I'd like to say that I'm finally getting consistency in my trading thanks to your hard work on this system and indicator, thank you so much!

I've had great results from using the indicator on the regular currency pairs, however I'm unable to get it to show boxes for most of the indices, such as S&P (SP-JUN13), NSDQ(NSDQ-JUN13), WHEAT(WHEAT-JUL13), and SBEAN(SBEAN-JUL13).

DAX, SMI and FTSE seem to work, but S&P would be great to trade with using the indicator since it gives such great pip profit.

If anyone has any tips or solutions on how to make the indicator work for these indices, I'd greatly appreciate the help.

I know that you want this thread to conclude, and I respect your reasons, but I do hope that you can help as this information would greatly benefit my trading endeavors, and others would probably benefit as well. Please help if you can, thanks!
  • #7,006
  • Jun 6, 2013 10:14am Jun 6, 2013 10:14am
Quoting pipSurge
Hello ForexHard, I have a question, but first I'd like to say that I'm finally getting consistency in my trading thanks to your hard work on this system and indicator, thank you so much! I've had great results from using the indicator on the regular currency pairs, however I'm unable to get it to show boxes for most of the indices, such as S&P (SP-JUN13), NSDQ(NSDQ-JUN13), WHEAT(WHEAT-JUL13), and SBEAN(SBEAN-JUL13). DAX, SMI and FTSE seem to work, but S&P would be great to trade with using the indicator since it gives such great pip profit. If anyone...

Pipsurge it's all in the numbers 0000.00............0.00000
  • #7,007
  • Jun 6, 2013 12:52pm Jun 6, 2013 12:52pm
Thanks for the lifeline P-1 But could you (or someone) please be more specific? Does the indicator not support indices with two decimal points?

I took a quick survey of the indices I had written down, and noticed that the ones that do not work have two decimal points at the end of each price, whereas the other ones that do work have zero, one or 5 digits after the decimal point. For example:

Indices that don't work:
SP = 1646.70
NSDQ = 3002.10
WHEAT = 737.55

WORKING Indices:
SMI = 8054
DAX = 8526.0
AUDUSD = 1.20790


What mql4 function might help this problem go away so that it will work for the S&P, which is a two digit decimal index?

But most importantly, is there anything I can do short of modifying the code, since the mql4 file is not available?

Thanks,

-PipSurge
  • #7,008
  • Jun 6, 2013 2:03pm Jun 6, 2013 2:03pm
Quoting pipSurge
Thanks for the lifeline P-1 But could you (or someone) please be more specific? Does the indicator not support indices with two decimal points? I took a quick survey of the indices I had written down, and noticed that the ones that do not work have two decimal points at the end of each price, whereas the other ones that do work have zero, one or 5 digits after the decimal point. For example: Indices that don't work: SP = 1646.70 NSDQ = 3002.10 WHEAT = 737.55 WORKING Indices: SMI = 8054 DAX = 8526.0 AUDUSD = 1.20790 What mql4 function might help...


It's the units before the decimal point that counts. For the S&P try 8 and 950 for starters, I trade gold against the usd and it is 1416.xxx and I use 5 and 888 which yields 81.9% on the breakout with a TSWR of 97.2%. I assume you can take the heat, the draw downs get very large. One thing I will say I never run the indi back more then 20 days. I know the 20 days fly's in the face of what everyone thinks, but the markets are to dynamic for a 100 day average. I’ve been trading futures since the mid 70's and I can tell with no uncertainty that SSBO is the best piece of chocolate that I've ever eaten. It's a real tragedy that this thread shit the bed. I know where forexhard (my hat is off to him by the way) is coming from. There are very few people out there that have the ability to think (problem solve) which grates my ass to no end. It's amazing how long he put up with all the crap. The mediators here have it ass backwards, there leaving everyone here to wallow in all the shit and denying traders of quality and substance. But what would they know!
  • #7,009
  • Jun 6, 2013 2:26pm Jun 6, 2013 2:26pm
Quoting P-1
{quote} It's the units before the decimal point that counts. For the S&P try 8 and 950 for starters, I trade gold against the usd and it is 1416.xxx and I use 5 and 888 which yields 81.9% on the breakout with a TSWR of 97.2%. I assume you can take the heat, the draw downs get very large. One thing I will say I never run the indi back more then 20 days. I know the 20 days fly's in the face of what everyone thinks, but the markets are to dynamic for a 100 day average. I’ve been trading futures since the mid 70's and I can tell with no uncertainty...
Thanks so much for the response P-1, I think I'll be able to resolve the problem now with your advice. Just one more question: You had advised using 8 and 950 for S&P, and 5 and 888 for gold against the usd, but are these numbers in regards to a parameter that I have to fill in the indicator? I'm almost there, just need to know this bit of information before I take off and fiddle on my own

Yes, this thread should be one that lasts forever, like the Interactive Trading forum's top 10 (i.e., EURUSD thread). Traders to come would benefit so much from this. What a golden opportunity it has been to be able to find this, it's magnified my confidence 500%! I'm just trying to study this stuff as much as possible, so I might be able to pass it down through generations. This is as close to the Holy Grail as you'll get!

I'm just thankful that ForexHard requested it be moved to the Recycle Bin, instead of fully blown away in 30 days.

IMPORTANT TIP: People should really think of just saving some of this thread to their computers via webpages, in case it might be gone someday and we are left in the dust. There are a few free utilities online that will let you save whole webpages!

-PipSurge
  • #7,010
  • Jun 6, 2013 2:44pm Jun 6, 2013 2:44pm
All this talk about multiple pairs or indexes...

Just be careful about over-trading, guys. All you really ever need is just 1 or 2 reliable pairs, or time frames of the same pair, in order to achieve your goals.

Take this live pic, for example. I've got 265p locked in on G/U M15 already. One chart, one TF, and I still get 265p guaranteed. Can't I be satisfied with this? What more do I need?
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To improve is to change. To perfect, is to change often.
  • #7,011
  • Jun 6, 2013 2:54pm Jun 6, 2013 2:54pm
Quoting pipSurge
{quote} Thanks so much for the response P-1, I think I'll be able to resolve the problem now with your advice. Just one more question: You had advised using 8 and 950 for S&P, and 5 and 888 for gold against the usd, but are these numbers in regards to a parameter that I have to fill in the indicator? I'm almost there, just need to know this bit of information before I take off and fiddle on my own Yes, this thread should be one that lasts forever, like the Interactive Trading forum's top 10 (i.e., EURUSD thread). Traders to come would benefit...
I have not advised you at all. See the attached,.........start thinking.
This is the only advice I can give you HOGS GET SLAUGHTERED
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  • #7,012
  • Jun 6, 2013 3:20pm Jun 6, 2013 3:20pm
Quoting P-1
{quote} I have not advised you at all. See the attached,.........start thinking. This is the only advice I can give you HOGS GET SLAUGHTERED {image}
Whoo boy, I was hoping that I wasn't going to get such a smart-alek reply, but I guess my hopes were too high.


P-1, I was just trying to be nice and appreciative for the reply. Judging from your reply, I guess you weren't trying to be kind or helpful at all.

With that "Hogs gets slaughtered" line, I'm hoping that you're not calling me greedy. I'm just looking at alternatives, that's all. And I am thinking and analyzing, which is why I kindly asked for advice on what I found regarding the indices. You don't know what my overall plan is, or how I'm trading, so I don't appreciate that.

I would hope that everyone on this thread would be treated with respect. I try to keep to myself and not ask too many questions, because I am not trying to bother anyone with stuff that I can learn if I read the first 100 pages. I had searched for this topic in the Search option, and couldn't find anything, and I thought I was getting a friendly reply, but obviously I wasn't.

If anyone is offended by my reply (though I don't see how), I'm just a kind, friendly viewer of this thread who was just trying to get a little help. I do wish that it hadn't come to this, but people aren't so friendly all the time, be it online or offline.
  • #7,013
  • Jun 6, 2013 5:07pm Jun 6, 2013 5:07pm
Quoting pipSurge
{quote} Whoo boy, I was hoping that I wasn't going to get such a smart-alek reply, but I guess my hopes were too high. P-1, I was just trying to be nice and appreciative for the reply. Judging from your reply, I guess you weren't trying to be kind or helpful at all. With that "Hogs gets slaughtered" line, I'm hoping that you're not calling me greedy. I'm just looking at alternatives, that's all. And I am thinking and analyzing, which is why I kindly asked for advice on what I found regarding the indices. You don't know what my overall plan is,...
I did not mean to disrespect you, believe me, I am trying to help.

HOGS GET SLAUGHTERED isthe best piece of advice that was given to me 40 something years ago by my mentor who traded pork bellies.

You are among the very few people whorealize that volatility is your friend it's where the money is made. Most people are afraid of it, they won't trade the news etc. etc. staying away from the big movers. YOUhave the KEY indexes...gold etc. (xxxx.xx) even theeur/jpy-gbp/jpy (xxx.xxx) gives an incredible advantage over the others (x.xxxxx).
So go with it.
Everything you need is on the first page of this thread. The balance of it amount to opinions which collectivity have value if you can decipher the incredible amount of garbage fromthe cream. If I were you I would not even bother wasting your time reading it. Just keep reading the first page. The logic behind the system/indicator is incredibly good, Learn to use it.......no one can do it for you, nor give you the right advice on how to proceed.

P.S. Sorry but I do not have any smooth edges.
  • #7,014
  • Jun 6, 2013 5:15pm Jun 6, 2013 5:15pm
Quoting P-1
{quote} I did not mean to disrespect you, believe me, I am trying to help. HOGS GET SLAUGHTERED isthe best piece of advice that was given to me 40 something years ago by my mentor who traded pork bellies. You are among the very few people whorealize that volatility is your friend it's where the money is made. Most people are afraid of it, they won't trade the news etc. etc. staying away from the big movers. YOUhave the KEY indexes...gold etc. (xxxx.xx) even theeur/jpy-gbp/jpy (xxx.xxx) gives an incredible advantage over the others (x.xxxxx). So...
Hey P-1, Everything is Cloud-9 now, I got everything I needed from your reply with the picture attached. I just wanted the parameters. So I will go on and continue to build up my account. Volatility is definitely one of the keys needed to make the good money. I used to dodge the news everytime I traded until I found this method. And yes, it is important to filter and focus on the key points of SSBO.

So good luck to every one of us on using SSBO to make our financial dreams a reality.

-Pipsurge
  • #7,015
  • Jun 11, 2013 1:59am Jun 11, 2013 1:59am
...
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To improve is to change. To perfect, is to change often.
  • #7,016
  • Edited 6:10am Jun 14, 2013 6:02am | Edited 6:10am
Hi Guys.

We took the opportunity and implemented FH's stairstep indicator on the Algorithmic Trading Platform AlgoTrader (http://www.algotrader.ch) which is based on Complex Event Processing (CEP) using the CEP Engine Esper (http://esper.codehaus.org/). Using CEP it was actually very easy to implement the strategy. Compared to the existing MT4 based implementation by Xux99, which has done a great job by the way, this is alternative implementation approach reduces the amount of code lines needed quite a bit. I anyone is interested, I can paste the code here.

More information on the implementation of the stairstep indicator can be found in the AlgoTrader Documentation (http://www.algotrader.ch/doc/html_single/index.html#Box_Strategy)

We also implemented a small custom charting feature for the indicator which looks like this (of course not as sexy as the one from Xux99)

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The strategy can be back-tested using AlgoTrader and we are also trading it Live with the built-in interface to Interactive Brokers.

If anyone wants to have a look at the system, we have a running demo installation (with AlgoTrader, Interactive Brokers, Java, MySql & ActiveMQ). To have a look at the installation please visit AlgoTrader Demo Installation (http://www.algotrader.ch/algotrader/demo-installation/)

AlgoTrader is a Java based Algorithmic Trading Platform. Besides trading FX AlgoTrader can handle Options, Futures, Stocks & Commodities. There is also an Open Source Version available from Google Code (http://code.google.com/p/algo-trader/).
  • #7,017
  • Jun 14, 2013 3:13pm Jun 14, 2013 3:13pm
@afzhch-

Glad to see SSBO is something you see merit in. My only critique of your write-up [www.algotrader.ch/doc/html_single/index.html#Box_Strategy], is that it makes it sound as though Martingaling is a fixed part of the SSBO system, and that doubling your losses is expected every time there is one. But this is not true. Martingaling/recovery trading is only one of many possible ways to handle a loss, and it has always been left up to trader discretion as to how to handle it. Therefore, your article should either not mention Martingaling at all, or it should stipulate that it is only one possibility out of many.
To improve is to change. To perfect, is to change often.
  • #7,018
  • Jun 14, 2013 3:46pm Jun 14, 2013 3:46pm
@forexhard (http://www.forexfactory.com/forexhard) thanks very much for your feedback, it is very much appreciated. You are right about Martingaling only being one way of doing SSBO. I will update the description on our accordingly.
  • #7,019
  • Jun 20, 2013 2:54pm Jun 20, 2013 2:54pm
3rd CZ since my last post. All trade sets positive; 100% win rate.
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To improve is to change. To perfect, is to change often.
  • #7,020
  • Jun 26, 2013 1:29pm Jun 26, 2013 1:29pm
Add 4 more trade sets - G/U, E/U, E/J, G/J all hit yesterday...
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To improve is to change. To perfect, is to change often.
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