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  • #7,621
  • Mar 7, 2016 11:02pm Mar 7, 2016 11:02pm
another save
  • #7,622
  • Mar 7, 2016 11:46pm Mar 7, 2016 11:46pm
Quoting ramzam
i am getting this warnings how to solve this any one please help.... just now i am started to read the thread 10 pages crossed.... till now 240 pages are yet to cross {image}
Hi ramzam:
I can fix the warnings.. From which post did u download that version? Was it this post:
http://www.forexfactory.com/showthre...84#post5787984

let me know and I'll get it fixed.
Our AWESOME IMAGINATION is the true holy grail!
  • #7,623
  • Mar 7, 2016 11:48pm Mar 7, 2016 11:48pm
Quoting BillYon
Updates to the indy and EA here http://penguintraders.com/forums/topic/stairstep-breakouts-indicator-and-ea/
Nevermind ramzam BillYon took care of it
Our AWESOME IMAGINATION is the true holy grail!
  • #7,624
  • Mar 23, 2016 3:39pm Mar 23, 2016 3:39pm
Does anyone have a version to share that will work with brokers that have suffix pairs? Eg. EURUSDi.

Thanks
K.I.S.S.
  • #7,625
  • Mar 29, 2016 3:28pm Mar 29, 2016 3:28pm
Hi Guys,

Hope everyone had a lovely easter break!

Been away from the forum for awhile been experimenting.
I have one last mind boggling question (anyone feel free to assist)

So I have been using the SSBO dynamic breakout box indicator for about two months now but what I want to know can we not trade the second or third trade of a set with the same Take Profit as the initial first breakout?

For example- a trade breaks out the box but hits stop, so doesnt hit our quickTP target, the second trade then is triggered when price goes outside the box again but this time it closes after making just the initial pips we lost back, obviously we double the lot size we lost on the first trade etc but do you advise to shoot for the quicktp target on the second trade too? or is it a gamble if the trade doesnt break 30 pips or x amount?

This way you would make so much more money.. Any suggestions and input would be much appreciated guys….
  • #7,626
  • Apr 5, 2016 8:59am Apr 5, 2016 8:59am
Hi all!
what kind settings on the h1 - h4 on GU for example?
  • #7,627
  • Apr 9, 2016 3:30pm Apr 9, 2016 3:30pm
Quoting Roni26
Hi Guys, Hope everyone had a lovely easter break! Been away from the forum for awhile been experimenting. I have one last mind boggling question (anyone feel free to assist) So I have been using the SSBO dynamic breakout box indicator for about two months now but what I want to know can we not trade the second or third trade of a set with the same Take Profit as the initial first breakout? For example- a trade breaks out the box but hits stop, so doesnt hit our quickTP target, the second trade then is triggered when price goes outside the box again...
who said you can't set your own TP or use your own MM on what you think works best. step away from the indi, its hurting you.
  • #7,628
  • May 18, 2016 2:10am May 18, 2016 2:10am
i read this thread.. please dont dump it..
  • #7,629
  • May 25, 2016 5:24am May 25, 2016 5:24am
Hi Guys,

Just to keep you informed from my extensive back testing on all timeframes- the H1 time frame has yielded the best results. This was backtested over 900 days which is about 2 and a half years.

The win ratio was 70% on all trades.

Now I’m not saying that this win ratio will be replicated through all the following years but the likely hood is high and compared to the M15 timeframe.

I know FXhard advocated the 15min time frame but my tests differ.

Roni
  • #7,630
  • May 25, 2016 5:31am May 25, 2016 5:31am
Thanks for sharing your findings, I'm start to learn DIBS method (Break out Hourly Inside bars ) and i see very interesting similarities. Take a look also
"Let us strive to be more parents of our destiny than children of our past"
  • #7,631
  • May 25, 2016 7:08pm May 25, 2016 7:08pm
Quoting Roni26
Hi Guys, Just to keep you informed from my extensive back testing on all timeframes- the H1 time frame has yielded the best results. This was backtested over 900 days which is about 2 and a half years. The win ratio was 70% on all trades. Now Im not saying that this win ratio will be replicated through all the following years but the likely hood is high and compared to the M15 timeframe. I know FXhard advocated the 15min time frame but my tests differ. Roni
Roni, thanks for adding to the thread. can you post your chart because right now we don't know what size cz or sl or tp you are using so the 70% win ratio doesnt mean anything to anyone. also if you were back testing with the indi, especially over 900 days, that means nothing. those results are extremely curved to the positive side for many reasons. forward testing on the indi is the ONLY thing that works.
  • #7,632
  • May 25, 2016 7:08pm May 25, 2016 7:08pm
AUDUSD 30 minute
Attached Image (click to enlarge)
Click to Enlarge Name: DaveM-0236.jpg Size: 52 KB
  • #7,633
  • May 25, 2016 7:20pm May 25, 2016 7:20pm
Quoting Blaiserboy
AUDUSD 30 minute {image}

That doesn't look like much of a consolidation zone.
  • #7,634
  • May 25, 2016 8:50pm May 25, 2016 8:50pm
Quoting Blaiserboy
AUDUSD 30 minute {image}
great find. 17 hours of M30 bars that are under 35 pips. i would call that a pretty decent cz. it just broke out too nice and strong.
  • #7,635
  • May 25, 2016 11:35pm May 25, 2016 11:35pm
I am just starting into this method, I thought that one might be worthwhile
  • #7,636
  • May 25, 2016 11:35pm May 25, 2016 11:35pm
Quoting oztrader79
{quote} That doesn't look like much of a consolidation zone.
well, it seemed to work
  • #7,637
  • May 26, 2016 3:06am May 26, 2016 3:06am
Quoting greentruck
{quote} Roni, thanks for adding to the thread. can you post your chart because right now we don't know what size cz or sl or tp you are using so the 70% win ratio doesnt mean anything to anyone. also if you were back testing with the indi, especially over 900 days, that means nothing. those results are extremely curved to the positive side for many reasons. forward testing on the indi is the ONLY thing that works.

Hi,

I will add a few charts later on today.

In regards to the 70% win ratio not ‘meaning anything’- could you please define how you reached that conclusion?

The indi is setup to pick up consolidation zones based on your inputs. I have studied the M15 charts to find the right settings but the best I could get was about 55-56%.

I only trade two breakouts from each set, that mean if a trade doesn’t hit profit the first time I will double my lot size for the second.

The second trade win ration on my H1 charts on some of the pairs- especially JPY’s is about 74%

This is over 900 days of previous back testing, I have specifically studied every consolidation zone in those 900 days.

Moreover the H1 consolidation zones consist of 5-6 bars, this translates into 20-22bars on a M15 chart so according to an M15 chart it will still be a valid CZ zone.

Therefore the 70% win ratio DOES mean something to me J

Happy trading!
  • #7,638
  • May 26, 2016 11:17am May 26, 2016 11:17am
Quoting Blaiserboy
{quote} well, it seemed to work
so far it broke out south then went back north to go 30 pips above the cz. so depending on your tp it might of been a win or it might still be in the trade. one thing for sure, it won't stay in that original range you drew a box around.
  • #7,639
  • May 26, 2016 11:31am May 26, 2016 11:31am
Quoting Roni26
{quote} Hi, I will add a few charts later on today. In regards to the 70% win ratio not meaning anything- could you please define how you reached that conclusion?

yes thats easy. i said it doesnt mean anything to us because you didnt post what inputs you selected in the indi. you just posted a win ratio. how do i know if your talking about trading one breakout per cz or a trade set? how do i know if you have a fixed SL or not? are you using the ema to trigger entries? reducing czs or fixed? what if your doing a 15 TP and a 30 SL? i have no idea what your doing so just posting "i got 70%" doesnt mean anything to anyone.

so your taking 6 hour czs and trading the breakout. what does it matter if the chart is set to m15 or h1? its both 6 hours isnt it? with m15 the indi is going to identify more czs than h1. the timeframe is not the market edge.

if you can run the indi on a vps, that will be the biggest benefit to you. run it for the next few months then get real results, you can watch the indi get losses and then if you reset the chart, just like magic those losses will become wins. thats why only forward testing is necessary.
  • #7,640
  • May 26, 2016 3:33pm May 26, 2016 3:33pm
Quoting greentruck
{quote} yes thats easy. i said it doesnt mean anything to us because you didnt post what inputs you selected in the indi. you just posted a win ratio. how do i know if your talking about trading one breakout per cz or a trade set? how do i know if you have a fixed SL or not? are you using the ema to trigger entries? reducing czs or fixed? what if your doing a 15 TP and a 30 SL? i have no idea what your doing so just posting "i got 70%" doesnt mean anything to anyone. so your taking 6 hour czs and trading the breakout. what does it matter if the...
Attached is a chart that has been my personal favorite so far- the CADJPY




Now to put your 21 questions to rest:

1. I use a standard tp of 25-30 pip depending on the curreny pair.
2. My enteries are triggered once a minimum of 1 bar is closed outside the buffer zone
3. The H1 chart has less CZ's yes but is more profitable than the M15 ( this is based on my backtesting ASWELL AS my personal trading experience) So charts do matter.

There were more failed trade sets on the M15 for me than the H1- This is just my personal thoughts from trading the indi so far.

What do you mean by vps...
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY H1.png Size: 37 KB
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