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  • #7,681
  • Aug 16, 2016 7:12pm Aug 16, 2016 7:12pm
Quoting Roni26
OK guys i have managed to take a screenshot of what i mean. This example is of the AUDUSD trade, the blue line is the 1 day EMA ive added in manually to show you where the candlesticks break out. You can see the first break happens including the EMA but the ssbo indicator does not enter- why? it then breaks out for the second time and the entry is gained- this has happened on a few pairs and I am wondering why. Someone care to explain? ROni {image}
something is not right there. i have never seen that with any version of the indi even from the first versions. it looks like the break out happens one candle too soon. i would get another version. have you tried the one on the first post of this thread? also wasnt it you that said you had a 100% plus roi over the past 8 months, whatever you were doing, just keep doing it. are you trying to change things up?
  • #7,682
  • Aug 18, 2016 2:14pm Aug 18, 2016 2:14pm
EA PARAMETERS AND MEANING...

Build the consolidation zone

BoxBuffer: Margin above and below a consolidation zone, beyond which an entry is triggered.
BoxBufferType: Type of BoxBuffer. It can be pips, multiplier of ATR, multiplier of CZ height or multiplier of stop loss value.
BoxLength: Minimum number of bars for a valid consolidation zone.
BoxRange: Maximum height for a valid consolidation zone.
BoxRangeType: Type of BoxRange.
AutoReduceCZ: A consolidation zone is narrowed within its highest and lowest points. False means BoxRange defines its height.
TimeFrame: The timeframe used for calculating the consolidation zones.

Entry and exit conditions

MaxEntryDistance: Entry distance from breakout level should not exceed the defined value. 0 disables this option.
MaxEntryDistanceType: Type of MaxEntryDistance.
AnchorCandle: We set an anchor at the open price of the current candle. The first breakout trade should open above it for longs or below it for shorts.
AnchorCandleTF: The timeframe of anchor candle.
InitialBreakoutDirectionOnly: All trades of a consolidation zone should have the same direction as the first one.
LongTrades: Long trades are allowed.
ShortTrades: Short trades are allowed.
MinBarsClosedOutside: 0 means an entry signal is valid when price exceeds the buffer zone, a value of 1 or greater defines the number of bars that should close beyond the buffer lines for a valid entry.
EMAFilter: An entry is valid when real time moving average also reaches the level of the entry signal.
ReverseSignals: Direction of entry signals is reversed.

Build the trading grid

MaxTradeSetReversals: Maximum allowed trades of a trade set.
ResetBoxSize: After a trade set is completed, if the defined number of bars lies within the extended consolidation zone, a new trade set is allowed to occur.
BreakoutBypass: Number of breakout signals omitted before the breakout that triggers a trade.
FIBSasPriceTarget: Take profit is defined by the nearest fibonacci level.
FIB_TP: Fibonacci sequence ratios used to calculate the respective levels.

Trade settings

MagicNumber: Magic number of the trade. If more than one chart of the same pair is opened the magic numbers should be different. Different pairs can have the same magic number.
TradeComment: Comment of the trade as shown at the Metatrader terminal.
TradesPerSession: Maximum number of trades that can be opened during each trading session. It includes open and closed trades. If there are no trading sessions, it refers to the whole day. 0 disables this option.
QuickTakeProfit: Take profit of the first trade of a trade sequence. If ReverseSignals is true and QuickTakeProfit is 0, then the opposite border of the consolidation zone is used as take profit.
QuickTakeProfitType: Type of QuickTakeProfit.
ModifyTakeProfit: After the first trade of a tradeset the take profit value is modified so that it is no less than the greatest stop loss value among all trades of this tradeset.
StopLossOverride: The stop loss value in pips. If ReverseSignals is false and StopLossOverride is 0, then the opposite border of the consolidation zone is used as stop loss.
StopLossOverrideType: Type of StopLossOverride.
BreakEvenTrigger: The stop loss moves to the entry price after price is in profit for the defined value.
BreakEvenTriggerType: Type of break even trigger.
LockProfit: The stop loss moves to the entry price plus the defined value after price reaches BreakEvenTrigger level.
LockProfitType: Type of LockProfit.
TrailingStart: Trailing stop is activated when price goes above the entry price for longs or below the entry price for shorts, for the defined value.
TrailingStartType: Type of TrailingStart.
TrailingStop: Value of trailing stop loss. Stop loss is continuously modified so that its distance from current price is always the defined value. 0 disables this option.
TrailingStopType: Type of trailing stop loss.
TrailingStep: The trailing stop loss is modified when price exceeds the level at which the previous trailing stop modification occurred, for the defined value.
TrailingStepType: Type of TrailingStep.
CloseProfitableAfterMinutes: At the defined minutes after its opening, a profitable trade is closed.
CloseLosingAfterMinutes: At the defined minutes after its opening, an unprofitable trade is closed.
Slippage: Maximum allowed slippage of trades.
MaxSpread: No trades are opened when spread is greater than the defined pips. 0 disables this option.
VisibleTP: Take profit visible to brokers used in case of disconnection. It is a multiplier of hidden take profit value.
VisibleSL: Stop loss visible to brokers used in case of disconnection. It is a multiplier of hidden stop loss value.
SendEmail: Disabled means no email, TradeOpening means an email is sent only when a trade is opened, TradeClosing means an email is sent only when a trade is closed, TradeOpeningOrClosing means an email is sent in both cases.
SendNotifications: Disabled means no push notification, TradeOpening means a notification is sent only when a trade is opened, TradeClosing means a notification is sent only when a trade is closed, TradeOpeningOrClosing means a notification is sent in both cases.
Alerts: Disabled means no alerts, TradeOpening means alerts only when a trade is opened, TradeClosing means alerts only when a trade is closed, TradeOpeningOrClosing means alerts in both cases.
AlertSound: Play the defined sound file with an alert. The sound file should be placed in the sounds directory of Metatrader. Set it to blank for no sound.
ScreenShots: Screenshots are saved in the files folder at the opening and closing of a trade. Disabled means no screenshots, TradeOpening means a screen shot is saved only when a trade is opened, TradeClosing means a screen shot is saved only when a trade is closed, TradeOpeningOrClosing means a screen shot is saved in both cases.
LongColour: Arrow colour of long trades.
ShortColour: Arrow colour of short trades.
LabelFontColour: Colour of the labels that show information of the expert advisor.

Trading hours settings

All hour based settings are in hhmmhhmm format and refer to GMT. The first four digits define the start time and the last four digits the end time. Up to three trading sessions can be used. Set it to “00002400” to trade all day.

AutoGMTOffset: Difference between server time and GMT, defined automatically by the EA. It can’t be used during backtests.
ManualGMTOffset: Difference between server time and GMT, defined manually.
DSTOffset: If ManualGMTOffset is used, Daylight Saving Time correction is automatically applied according to the European Union rules.
TradingSession1: Trading hours restrictions for the first trading session.
TradingSession2: Trading hours restrictions for the second trading session.
TradingSession3: Trading hours restrictions for the third trading session.
MondayOpenHour: For each week, new trades are only opened after this hour of Monday. It is in hhmm format. Set it to blank to disable this option.
FridayCloseHour: Hour of Friday when all trades are closed and no new ones are opened to avoid the weekend gap. It is in hhmm format. Set it to blank to disable this option.
FridayCloseTrades: At FridayCloseHour open trades are closed. None means no trades are closed, ProfitableTrades means only profitable trades are closed, LosingTrades means only losing trades are closed, AllTrades means all trades are closed.
DailyCloseHour: Hour of each day when all trades are closed and no new ones are opened till the next day. It is in hhmm format. Set it to blank to disable this option.
DailyCloseTrades: At DailyCloseHour open trades are closed. None means no trades are closed, ProfitableTrades means only profitable trades are closed, LosingTrades means only losing trades are closed, AllTrades means all trades are closed.
TradingDays: Comma separated days of the week that allow trading.
NewsFilter: No new trades are opened during news period.
MinutesBeforeNews: The NewsFilter is active for the defined number of minutes before news.
MinutesAfterNews: The NewsFilter is active for the defined number of minutes after news.

Money management settings

Lots: The lot size if money management is not used.
MoneyManagement: True means that the lot size is defined by the money management.
EquityPercent: Lot size is a percent of account equity. 0 disables this option.
StopLossRisk: Percent of account balance to risk for each trade, if it hits stop loss. 0 disables this option. Only one of EquityPercent or StopLossRisk can be used.
CZResetMartingale: Martingale sequence resets when a new CZ is formed.
Martingale: Percentage means a LotMultiplier percentage is added to the lot size after a loss, Multiplication means the lot size is multiplied by LotMultiplier after a loss. Martingale is activated only after the initial lots of a trade are closed at loss because of stop loss.
StartMartingaleAfterSL: The martingale sequence starts after the defined number of consecutive unprofitable closed trades.
LotMultiplier: Lot size increase factor in case of Martingale.
MaxMartingaleSequence: The maximum number of consecutive martingaled trades.

You can press the Wipe Clean button to erase all past CZs so the EA trades as it has just been attached to chart. Before installing this expert advisor, access the menu Tools → Options → Expert Advisors and make sure that “Allow DLL imports” is enabled.
Solutions ONLY!!!
  • #7,683
  • Aug 19, 2016 5:49am Aug 19, 2016 5:49am
Quoting greentruck
{quote} something is not right there. i have never seen that with any version of the indi even from the first versions. it looks like the break out happens one candle too soon. i would get another version. have you tried the one on the first post of this thread? also wasnt it you that said you had a 100% plus roi over the past 8 months, whatever you were doing, just keep doing it. are you trying to change things up?

Hi Greentruck,

Thankyou for your response my friend.

I am using the same version of xux99's website. This happens on alot of the pairs where the candle closes outside the box but it doesnt enter until the second breakout. Need to find a reason for this.

Yes my average trade set win ratio for the last 5 months has been 98%. So not bad at all.

Roni
  • #7,684
  • Sep 11, 2016 7:59am Sep 11, 2016 7:59am
Rossbot mixed with TZ Recurrent theory
Attached Image (click to enlarge)
Click to Enlarge Name: ross tz2.png Size: 97 KB
Solutions ONLY!!!
  • #7,685
  • Sep 11, 2016 8:01am Sep 11, 2016 8:01am
Attached Image (click to enlarge)
Click to Enlarge Name: ross 4 hour.jpg Size: 247 KB
Solutions ONLY!!!
  • #7,686
  • Sep 11, 2016 11:20am Sep 11, 2016 11:20am
TZ concept mixed with Rossbot EA for SSBO thread.



TZ RECURRENT THEORY: -H = 7200 MINUTES +H= INFINITY(you can experiment with a max time exit)
ROSSBOT TRIGGER- BREAKOUT HIGH OR LOW OF 7200 MINUTE BAR + 50 PIP BUFFER WITH 10 PIP REVERSED TARGET
TRADE - 10 PIP COUNTER TREND
INITIAL RISK MM- 5% possible loss = blowup



Many Ideas will come to mind as of how the use this

latest rossbot SSBO EA here:

http://penguintraders.com/forums/topic/stairstep-breakouts-indicator-and-ea/
Attached Image (click to enlarge)
Click to Enlarge Name: StrategyTester tz ross.gif Size: 8 KB
Solutions ONLY!!!
  • #7,687
  • Sep 11, 2016 11:26am Sep 11, 2016 11:26am
A study in high frequency trades using Rossbot.
You may get some ideas about trade management to play with.
does not work for obvious reasons as is.

Attached Image (click to enlarge)
Click to Enlarge Name: monarch.jpg Size: 189 KB
Solutions ONLY!!!
  • #7,688
  • Sep 16, 2016 9:01am Sep 16, 2016 9:01am
Hello good fellas..I have been following this thread for quite a while now and have been testing the and the net pips look quite good on the statiscal dashboard..I have tried to enable the alert feature in the SSO dynamic box but the alert doesnt seem to work..Can anyone help me to get the alert to function..Maybe i didnt input in the right setting but apparently i dont know..Thank you.Initially the was 00 in the alert area and i changed it to true but doesnt seem to work.
Attached Image (click to enlarge)
Click to Enlarge Name: BOX ALERT.png Size: 201 KB
Goal of a successful trader is to make the best trades. Money is secondary
  • #7,689
  • Sep 27, 2016 2:23am Sep 27, 2016 2:23am
Any of the older posters still running with this? I am studying the thread with interest. Would like to hear from some of the more experienced guys.
  • #7,690
  • Sep 27, 2016 8:33am Sep 27, 2016 8:33am
I'm studying ssbo for few months, im not profitable yet but I see big potential in this strategy.
Look at eurusd or chfusd - last 4 day 4 setups(it is a lot with ssbo - we should get 3 on 1 week) all on profit if u execute it correct.

It is not easy, u must read all thread few times to catch it all.
RR is 1:1 or 1:1,5 - a lot of "traders" say wtf.

Enter the trade is hardest - sometimes u wait for 2 candle buffer rule, sometimes price go so quick there's no time for this.

The most important thing here is that price will sooner or later go out of the box. The direction is no matter. You just wait where the price go out of the box and take, a ride in same direction.
It so easy, it so hard.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 282 KB
  • #7,691
  • Sep 27, 2016 4:35pm Sep 27, 2016 4:35pm
Quoting sjps
Any of the older posters still running with this? I am studying the thread with interest. Would like to hear from some of the more experienced guys.

What do you want to hear?
Solutions ONLY!!!
  • #7,692
  • Sep 27, 2016 4:41pm Sep 27, 2016 4:41pm
Quoting Nes
I'm studying ssbo for few months, im not profitable yet but I see big potential in this strategy. Look at eurusd or chfusd - last 4 day 4 setups(it is a lot with ssbo - we should get 3 on 1 week) all on profit if u execute it correct. It is not easy, u must read all thread few times to catch it all. RR is 1:1 or 1:1,5 - a lot of "traders" say wtf. Enter the trade is hardest - sometimes u wait for 2 candle buffer rule, sometimes price go so quick there's no time for this. The most important thing here is that price will sooner or later go out of...
It's all laid out on the first page.

Wait for the market to consolidate (doing nothing)

Enter on the break in the direction of trend.

TP 100 day breakout average as defined in the indicator or by hand.
Solutions ONLY!!!
  • #7,693
  • Sep 28, 2016 1:00am Sep 28, 2016 1:00am
Quoting BillYon
{quote} It's all laid out on the first page. Wait for the market to consolidate (doing nothing) Enter on the break in the direction of trend. TP 100 day breakout average as defined in the indicator or by hand.
Hi. LOL. This is repeated quite often in this thread, and for good reason. No, I am not asking about the methodology. I have learned one thing reading through this thread: it is all there. Just keep reading.

My question is basically if there is still people actively trading this. I am spending many hours reading, and rereading this. I am willing to put in the hours needed, but I just want to confirm that this method has not fallen flat. So if some of the older traders could just give me a thumbs up if they are still trading this it would really serve as motivation to take the time and master this.

Thanks.
  • #7,694
  • Sep 28, 2016 11:48pm Sep 28, 2016 11:48pm
Quoting sjps
{quote} Hi. LOL. This is repeated quite often in this thread, and for good reason. No, I am not asking about the methodology. I have learned one thing reading through this thread: it is all there. Just keep reading. My question is basically if there is still people actively trading this. I am spending many hours reading, and rereading this. I am willing to put in the hours needed, but I just want to confirm that this method has not fallen flat. So if some of the older traders could just give me a thumbs up if they are still trading this it would...


Yes many still trading.

The thread continues here with the latest updates to the EA and indicator: http://penguintraders.com/forums/topic/stairstep-breakouts-indicator-and-ea/page/14/#post-13190
Solutions ONLY!!!
  • #7,695
  • Sep 28, 2016 11:55pm Sep 28, 2016 11:55pm
Quoting BillYon
{quote} Yes many still trading. The thread continues here with the latest updates to the EA and indicator: http://penguintraders.com/forums/topic/stairstep-breakouts-indicator-and-ea/page/14/#post-13190
Thanks BillYong, that was what I wanted to hear.
  • #7,696
  • Oct 4, 2016 11:39am Oct 4, 2016 11:39am
Quoting BillYon
{quote} It's all laid out on the first page. Wait for the market to consolidate (doing nothing) Enter on the break in the direction of trend. TP 100 day breakout average as defined in the indicator or by hand.
Sorry man but I can't agree. As FH write many time - trend is no matter. We don't predict direction. We just play the breakout without any bias.
  • #7,697
  • Oct 4, 2016 6:18pm Oct 4, 2016 6:18pm
Quoting Nes
{quote} Sorry man but I can't agree. As FH write many time - trend is no matter. We don't predict direction. We just play the breakout without any bias.

Every breakout has a bias. The box is your line in the sand for trend direction. Breakout top (uptrend) makes you take a long trade does it not? Bottom break (downtrend) trigger shorts does it not? You have a target prediction in the direction of the first breakout do you not???

The indicator helps you with setting probability of hitting targets in the set does it not?

Sounds like predicting to me!

DO YOU STILL DISAGREE???

IS EVERTHING ON PAGE 1? INSTRUCTIONS, INDICATOR, EA AND METHOD?

IT'S SO EASY THAT IT'S HARD!!!


PEACE
Solutions ONLY!!!
  • #7,698
  • Oct 5, 2016 5:15am Oct 5, 2016 5:15am
Quoting BillYon
{quote} Every breakout has a bias. The box is your line in the sand for trend direction. Breakout top (uptrend) makes you take a long trade does it not? Bottom break (downtrend) trigger shorts does it not? You have a target prediction in the direction of the first breakout do you not??? The indicator helps you with setting probability of hitting targets in the set does it not? Sounds like predicting to me! DO YOU STILL DISAGREE??? IS EVERTHING ON PAGE 1? INSTRUCTIONS, INDICATOR, EA AND METHOD?...
Thanks man. I agree. But I still think that until the breakout happened, no bias we should have.

PEACE
Attached Image
  • #7,699
  • Oct 5, 2016 5:40am Oct 5, 2016 5:40am
Quoting BillYon
{quote} Every breakout has a bias. The box is your line in the sand for trend direction. Breakout top (uptrend) makes you take a long trade does it not? Bottom break (downtrend) trigger shorts does it not? You have a target prediction in the direction of the first breakout do you not??? The indicator helps you with setting probability of hitting targets in the set does it not? Sounds like predicting to me! DO YOU STILL DISAGREE??? IS EVERTHING ON PAGE 1? INSTRUCTIONS, INDICATOR, EA AND METHOD?...

You are very helpful, could You please answer my few questions?
I drew box by hand, don't use indi yet, so I don't know the statistic. I want to end reading thread second time and then use indi.
Do You profitable with this strategy? What pair is Your favorite for ssbo? There is low volatility now so You probably don't use more RR then 1:1 or maybe You trail Your SL? I look at e/u, u/c, g/u and there is lot of box(I know to take only best) but low RR cos of low volatility - low ADR.

I know that I should work at my point of view with ssbo, but I want to know the direction. Some mental energy when someone tell You: "It can be done"
  • #7,700
  • Oct 5, 2016 11:21am Oct 5, 2016 11:21am
Quoting Nes
{quote} You are very helpful, could You please answer my few questions? I drew box by hand, don't use indi yet, so I don't know the statistic. I want to end reading thread second time and then use indi. Do You profitable with this strategy? What pair is Your favorite for ssbo? There is low volatility now so You probably don't use more RR then 1:1 or maybe You trail Your SL? I look at e/u, u/c, g/u and there is lot of box(I know to take only best) but low RR cos of low volatility - low ADR. I know that I should work at my point of view with ssbo,...
It works as explained. It's an entry trigger

Even when using the indi you must select the best looking CZs as it's does not discriminate concerning what fits into the box. If you read again just read FXHs post this time.

Trade management is a must!
Money management is a MUST! NOT A GET RICK QUICK. IT'S MORE OF A STAY RICH CONCEPT

STOP FILTERING AND USE TRADE MANAGEMENT INSTEAD. FILTERING IS HOLY GRAIL HUNTING.



USE THE EA FOR TESTING

THE INDI ONLY CONSIDERS BID price so results are misleading. THE INDI DOES HELP VISUALIZE THE CONCEPT

USE ON THE RECOMMENDED PAIRS. SPREAD MATTERS.

Biggest issuE I see in youR boxes is that they are not consolidations. (wait until the market is doing NOTHING)
Solutions ONLY!!!
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