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  • #7,641
  • May 27, 2016 2:31am May 27, 2016 2:31am
Quoting Roni26
{quote} 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...
Totally Agree Roni26 and i was recomended think about DIBS method how complement to this strategy.
"Let us strive to be more parents of our destiny than children of our past"
  • #7,642
  • May 27, 2016 3:15am May 27, 2016 3:15am
Quoting kaltrax
{quote} Totally Agree Roni26 and i was recomended think about DIBS method how complement to this strategy.

Hi Kaltrax,

I am glad we are on the same page- nice to see someone seeing the same side of the coin to me! Happy trading!
  • #7,643
  • Edited 5:26am May 31, 2016 5:07am | Edited 5:26am
Hey guys,

Its been 9 months for me trading live on the 1hour charts with the SSBO indi- I left my job 3 months ago and havent looked backed since.

All I will say guys is that you need a sufficient amount to make an income off the fx market- My initial investment was $8,000- my balance now stands at just below $20k.

Anything is possible- find a strategy, back test it, forward test it and make it work for you.

Anyone making a living off of this like me too?

Wanna hear your success stories!!

Roni
  • #7,644
  • Jun 1, 2016 7:24am Jun 1, 2016 7:24am
I assume no one is making a proper monthly income from trading this?

Any takers?
  • #7,645
  • Jun 2, 2016 8:53am Jun 2, 2016 8:53am
Hi,

Good day! Hope someone could help me. Does anyone have the mq4 version of the SSBO indicator attached in post #5371? http://www.forexfactory.com/showthread.php?p=6446921#post6446921. I think that would be the most recent version and i would like to create an EA base on it. Thank you in advance!
  • #7,646
  • Jun 2, 2016 9:27am Jun 2, 2016 9:27am
Quoting drixgatsby
Hi, Good day! Hope someone could help me. Does anyone have the mq4 version of the SSBO indicator attached in post #5371? http://www.forexfactory.com/showthread.php?p=6446921#post6446921. I think that would be the most recent version and i would like to create an EA base on it. Thank you in advance!

this is the latest verison... have it and if u create ea... pass it here
Attached File(s)
File Type: ex4 AuthorizedSSBODynamicBreakoutBoxFinalEdition v2.2(new box alert).ex4   141 KB | 1,216 downloads
File Type: mq4 AuthorizedSSBODynamicBreakoutBoxFinalEdition v2.2(new box alert).mq4   41 KB | 1,863 downloads
Success is a Journey Not a Destination....... kind regards ramzam
  • #7,647
  • Jun 2, 2016 9:30am Jun 2, 2016 9:30am
Quoting Roni26
Hey guys, Its been 9 months for me trading live on the 1hour charts with the SSBO indi- I left my job 3 months ago and havent looked backed since. All I will say guys is that you need a sufficient amount to make an income off the fx market- My initial investment was $8,000- my balance now stands at just below $20k. Anything is possible. Roni
Absolutely awesome, Roni26!!

Which version of the SSBO indi are you using?

As someone that might want to try this with smaller initial capital, could you reveal your maximum drawdown and maximum loss?

Averaging less than $1500/month, it seems a bit premature to have left your job. But hey, it you can live off that income, go for it!!

How were you able to trade while you were working?

How many hours are you typically in front of the screen trading per day?

Thanks in advance for your feedback. And thanks for posting a real success story.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #7,648
  • Jun 2, 2016 9:32am Jun 2, 2016 9:32am
Thank you ramzam. Unfortunately this is not the latest version. If you would check the indicator posted in #5371 the parameters are not the same with yours. I noticed that the version in #5371 is more accurate and does not need to be refreshed periodically. Cause the indicator you provided lags if you do not refresh your charts regularly. Hopefully someone could share us a copy. Thank you!
  • #7,649
  • Jun 2, 2016 10:13am Jun 2, 2016 10:13am
Quoting DrDave
{quote} Absolutely awesome, Roni26!! Which version of the SSBO indi are you using? As someone that might want to try this with smaller initial capital, could you reveal your maximum drawdown and maximum loss? Averaging less than $1500/month, it seems a bit premature to have left your job. But hey, it you can live off that income, go for it!! How were you able to trade while you were working? How many hours are you typically in front of the screen trading per day? Thanks in advance for your feedback. And thanks for posting a real success story. DrDave...

Hi Dave,

Thanks for your message.

My months vary- so one month I may make $2000 and another month I make considerably more or less depending on how confident I feel about a certain tradeset.

I only have one recovery trade and after that I move on to the next trade set that develops on each currency.

Before leaving my job to trade I was trading in the evening for short periods of time and analysing the markets on the weekend to see what trades I would have taken based on the indi and my settings. I work on the weekends at a call centre which adds another small income stream for me on a monthly basis.

I trade the 1Hour charts as I believe they have a lot less ‘noise’ associated with them, meaning although the 15m chart brings up great consolidation zones it can also whipsaw for 4-5 different times before a generic TP (lets say for arguments sake) 25pips is met.

I use an exponential average of period 1 which is within the newest version of the Indi anyway..

Looking forward to hearing your live trading results and which time frames you trade too! Come on guys lets bring this thread back to life!

Cheers,
Roni
  • #7,650
  • Jun 2, 2016 10:29am Jun 2, 2016 10:29am
Roni, regarding recovery trades are you increasing lots after a loss (i.e. martingaling)?
You are in a maze of twisty little passages, all alike.
  • #7,651
  • Jun 2, 2016 10:31am Jun 2, 2016 10:31am
Quoting stevegee58
Roni, regarding recovery trades are you increasing lots after a loss (i.e. martingaling)?
Steve,

I am indeed, but only up to the first recovery trade after an initial loss of the first breakout of a trade set.
  • #7,652
  • Jun 2, 2016 11:43am Jun 2, 2016 11:43am
Quoting drixgatsby
Thank you ramzam. Unfortunately this is not the latest version. If you would check the indicator posted in #5371 the parameters are not the same with yours. I noticed that the version in #5371 is more accurate and does not need to be refreshed periodically. Cause the indicator you provided lags if you do not refresh your charts regularly. Hopefully someone could share us a copy. Thank you!
ramzam:
I believe that the source you are looking for is on the 1st page. I have not checked to see if the inputs are the same or if the structure but it does have the same name.

I created an EA that would trade this approach a couple of years ago. If you are interested let me know and I'll send u the source. What I did was add a couple of buffers to the SSBO indicator. Then in my EA I just read the buffers and use their results to create the buy/sell logic. The new buffers recorded the levels of the the Box Lines and the Buffer lines. I also added an input that would allow the EA to turn off the drawing of all the boxes except the one that it was currently working on. That cut down some of the resource use for when the EA was working.

Let me know,
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #7,653
  • Jun 2, 2016 2:00pm Jun 2, 2016 2:00pm
Quoting xmess7
{quote} ramzam: I believe that the source you are looking for is on the 1st page. I have not checked to see if the inputs are the same or if the structure but it does have the same name. I created an EA that would trade this approach a couple of years ago. If you are interested let me know and I'll send u the source. What I did was add a couple of buffers to the SSBO indicator. Then in my EA I just read the buffers and use their results to create the buy/sell logic. The new buffers recorded the levels of the the Box Lines and the Buffer lines. I...

http://penguintraders.com/members/forexhard/
Solutions ONLY!!!
  • #7,654
  • Jun 2, 2016 2:00pm Jun 2, 2016 2:00pm
http://penguintraders.com/forums/topic/stairstep-breakouts-indicator-and-ea/
Solutions ONLY!!!
  • #7,655
  • Jun 3, 2016 6:58pm Jun 3, 2016 6:58pm
Quoting Roni26
I assume no one is making a proper monthly income from trading this? Any takers?
Did you happen to read the posts.....? Seems you ,missed a couple.
  • #7,656
  • Jun 3, 2016 8:07pm Jun 3, 2016 8:07pm
Quoting BillYon
http://penguintraders.com/forums/topic/stairstep-breakouts-indicator-and-ea/
Thank you so much BillYon!!!! I already checked the forum and would read all the thread for SSBO. Thank you!!!

More green pips to you buddy!

- drixgatsby
  • #7,657
  • Jun 14, 2016 6:34am Jun 14, 2016 6:34am
Quoting Roni26
{quote} 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...
thanks for posting a chart and sharing, now we have something to talk about. i too have found that chart to be a good ssbo chart. its great to see someone adding something to this thread thats on topic. i see that you have the indi set back to 900 something days. ssbo isnt really a system that can be back tested, especially when using the ema to filter the entries, you have to forward test it. most traders just use the indi as a tool to get a grasp of whats going on in the past few months just as a tool for research. you already know this but i say that for anyone else reading this thread.

vps stands for virtual private server. its what we all use to keep our mt4s running at all times. fyi, every time you start mt4 the indi will reset and the wins and losses will reset. losses that were there will suddenly disappear when the indi resets.

as far as trading H1 over m15, the indi will find less H1 czs than M15 just because the nature of the chart having less bars on H1. if the cz is x pips tall and the time is the same, a cz on the h1 and m15 is the same cz. the difference you are noticing is the the entires are filtered differently on m15 than on the h1, if the indi is setup using the exact same entry filters. all of these semantics don't matter as long as you understand you are trading a breakout of a cz and have your own plan ready to go that you stick to.

what i like about the chart that you posted is that the czs arent painted all on top of themselves. you do realize that your 8000 can turn into 1 million in 4 years with those type of results you posted about right? i am very excited for you. i hope you aren't spending any of those results so the account can grow.
  • #7,658
  • Jul 4, 2016 10:54am Jul 4, 2016 10:54am
People still trading breakouts after the massive upset with UK leaving the EU?? haha

Very volatile markets and big spreads- be careful.
  • #7,659
  • Jul 10, 2016 8:06am Jul 10, 2016 8:06am
Hi Guys-

I am now using another trade platform on my phone and when i add on the EMA it shows it on the chart but how do we determine which breakout to take because with the SSBO file it automatically configures the EMA depending on which value we put in for the period. But with the current platform im using the EMA is shown on the chart but how does this determine which breakout to take? with the SSBO on the chart i had enabled it automatically detected and cherry picked.

How does the EMA reflect which brreakout to take on other platforms that we cannot download the SSBO tool to, because I use a phone app. Can anyone explain this?

Any takers?
  • #7,660
  • Jul 11, 2016 2:51pm Jul 11, 2016 2:51pm
Quoting Roni26
Hi Guys- I am now using another trade platform on my phone and when i add on the EMA it shows it on the chart but how do we determine which breakout to take because with the SSBO file it automatically configures the EMA depending on which value we put in for the period. But with the current platform im using the EMA is shown on the chart but how does this determine which breakout to take? with the SSBO on the chart i had enabled it automatically detected and cherry picked. How does the EMA reflect which brreakout to take on other platforms that...
if you want to filter your entries by using the EMA, then wait for the EMA to exit the CZ and then enter the breakout there, just like how the SSBO INDI does it. this seems so obvious i am guessing that you are asking about something else?
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