Stairstep Breakouts indicator and EA

[sucker]

@Billyon

“First things first- many of you are not trading consolidations! Sucker, those are luck trades. Where is your logic?” Are you clairvoyant ??

“DID YOU NOT READ IN THE THREAD THAT YOU SHOULD DO A 100 DAY ANALYSIS TO DERIVE AVERAGE BREAKOUT RANGE?”   No, my analysis goes beyond 365 days. In three TFs

Can it be that you’re doing is not about facts but about polemic ??
You understand what you are talking ??? With me everything is fine.

If you the same of you can say there is nothing more to talk about between us.

• This reply was modified 9 years, 10 months ago by sucker.

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[Dave Smith]

Hi Billyon,

 

With all due respect I understand where you are coming from. I mean no discredit to FXH’s hard work as well as xux99’s coding.

I just really want to know what recovery trade 1- 5 are for, from what I understand you double your initial lot size each time to make the first trade back.

Is this correct? Because logically I see no other explanation for it.

Thanks,

Dave

[Billyon]

You have the perfect name

SUCKER!

KEEP FOOLING YOURSELF AND YOUR PROGRESS WILL BE NAUGHT!!!

 

THE BLUEPRINT WAS ALREADY LAID…

[Billyon]

It’s called martingaling (double down) and it is only an option. You need a large account to survive this approach.

Nowhere is doubling required that is optional as well as adjustable.

leave the indicator alone and use the EA instead for testing.

Stick with the single trade approach before jumping on the martingale train

each pairs has its own attitude which changes periodically. This is why a 100 day analysis is recommended so that you can adjust your target price along the way. Analyzing average targets from 365 days ago is just retarded. even monthly has it’s benefit.

Remember you are trading consolidation breaks not range breaks

 

[Dave Smith]

 

Hi Billyon,

Thank you for your prompt response. You say martingale is only an option? however I do not see any other option advocated.

So after a breakout trade, recovery trades are then opened to recover the loss if the first breakout did not hit am i right?

What are the other options you speak of besides the single trade approach which has a very low hit rate.

I am currently trading this strategy on the 1 hour charts with an EMA 1 and a one bar close for filters using only two recovery trades after initial breakout. Win ratio is about 97% throughout all trade sets for the last 720 days.

Keen to hear your thoughts- Or anyone elses for that matter.

Kind regards,

Dave

[Billyon]

You are fooling yourself with that 97% figure. Test the setting for 3 months as is and make a decision to go live or not afterwards. Make notes along the way.  You are wrong that Martingale is the only option advocated. Read the thread!

Understand each setting in the EA is because of the SSBO forum itself. So if the EA has options to enable or disable martingale, that shows you it was discussed at great lengths in the thread. So much so that the idea made it into the EA.

The EA has trade management settings. Have you worked with them?

NOBODY IS GOING TO SHARE THEIR WINNING SETUP. NOBODY CARES IF YOU WIN OR LOOSE. YOU OWE IT TO YOURSELF TO UNDERSTAND WHAT YOU ARE DOING AND WHY!

 

[Dave Smith]

 

Many thanks again for your response- I am using the SSBO indicator, i think you are referring to Rossbot when you say settings as the martingale on and off option is not available.

I will look into the thread to see exactly what else is advocated other than the martingale to breakout trades, as fxhard created the system and him himself uses this style I concur.

Also, the lesser ‘recovery’ trades you have the easier it will be to stay in the game and not be martingaled to death so therefore high trade set win ratio is paramount which can only be identified with the use of good settings.

[sucker]

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@xux99

Hello xux99, today I downloaded version 1.9. With the default variables and Martingale = 2 I stated AutoOptimize in TF15. The pips are incomprehensible to me. See image. With my standard variables pips number is displayed correctly.
At the present time does Auto Optimize with the new version better.

• This reply was modified 9 years, 9 months ago by sucker.

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[xux99]

The value shown at the close of a trade is not pips but profit, therefore in case of martingale it is increased.

[Dave Smith]

Hi Guys,

 

Ok i got the EMA 1 part just read through the thread- but I cannot find anywhere in the thread where something other than Martingale is advocated.

It only talks about taking a single trade on each trade set and then moving on to the next one whether you win or lose.

With the recovery trades how is it possible to do anything other than increase lot size to make previous lot back? I see no other logical solution for trading the czs with the ema

 

Anyone??  :)

[Dagmar]

what do you care about Martingale…it is only one tiny part of this system and not at all important….  you can take several trades on each set without using MG  increasing  your profit too…

you can even play with less than 1  ( 0.95 ) for MG setups….   try rossbot  in m15, H1  timeframes and with a reasonable MoneyManagement…that is far more important as this MG…when using MG dont take a factor more than 1.3  and use only up to 3  trades per set...not more..... think about maths and youll see what i mean…

daggi

[Dagmar]

….and there is no connection between ema and MG and czs     ..... you dont need an ema to trade czs….not at all…. it is even better to trade without emas…

[Dagmar]

@ xux      can you please tell me what is  new in version 1.09  and  what does   ReverseLogic : true/false    mean ????  be so kind and explain it simplified !!!

thx a lot  and have a nice time :)  daggi

[xux99]

The new version has many code improvements.  ReverseLogic allows trading the retracements to the opposite side of a CZ which is the take profit target. All elements of the trading logic have the opposite function, even martingale results in lot increase after the take profit is hit. One can optimize two instances of the indicator, one with ReverseLogic disabled and one with ReverseLogic enabled. Each instance will have different optimized parameters and in theory the first will profit in trading conditions with many breakouts whereas the other in trading conditions with prolonged ranges. Trading both simultaneously would reduce drawdown.

[Dave Smith]

Dagmar wrote:

what do you care about Martingale…it is only one tiny part of this system and not at all important…. you can take several trades on each set without using MG increasing your profit too… you can even play with less than 1 ( 0.95 ) for MG setups…. try rossbot in m15, H1 timeframes and with a reasonable MoneyManagement…that is far more important as this MG…when using MG dont take a factor more than 1.3 and use only up to 3 trades per set...not more..... think about maths and youll see what i mean… daggi

 

Hi, can you please explain what you mean when you say ‘you can take several trades on each trade set without using martingale’???

I want to know on the left hand side of the ema it says recovery trade 1-4… these are doubled up every time of a loss… during the last few pages on the thread this is the practice used in increasing profit, right or wrong?

 

If wrong please explain what other methods are available other than martingale because I am struggling to find them…

[Dave Smith]

Hi Guys- still searching for answers. The thread is unclear and does not address anything else apart from the martingale strategy or increasing lot sizes on the loss of a trade from a trade set.

 

What is the main concept behind gaining on trades for the SSBO if it is not the martingale strategy at all???

PLEASE HELP.

[Roni26]

I am also having trouble finding the core rules of managing the trade if it goes against you.

It does not state anywhere clear enough in the thread on whether you should martingale and double lot on a loss or only trade one trade of a trade set and move on if trade lost.

 

[Dagmar]

@dave

Hi, can you please explain what you mean when you say ‘you can take several trades on each trade set without using martingale’???

MaxTradeSetReversals:  what ever you like, best is 1-3 not more..depends on settings . Set Martingale to : no Martingale…  and the Lotsize remains the same

I want to know on the left hand side of the ema it says recovery trade 1-4… these are doubled up every time of a loss…

 you can change Martingale either to Percentage or Multiplication

Multiplication: use only 1.0 to 1.3   and only 1-3 recovery trades    >if you are not experienced enough!!  otherwise  your account will crash quickly!!

and again: you dont need Martingale for trading CZs… a good MM is best to be profitable

…..during the last few pages on the thread this is the practice used in increasing profit, right or wrong?

strange , don`t know what you mean…  read   forexhards  thread again , everything you are asking here is written down there

 

 

 

[Dagmar]

What is the main concept behind gaining on trades for the SSBO if it is not the martingale strategy at all???

 

Dave !!!   To put questions like this is not understandable. did you ever read   FHs thread completely???? ssbo is NOT  a martingale  strategy….that is only an option for professional traders…

In fact there are LOTS of setups WITHOUT Martingale that work….just learn and try

[Dagmar]

@roni

I am also having trouble finding the core rules of managing the trade if it goes against you.

Are you a beginner???  Ever heard of risk management?  You plan your trade with TP and SL  and a logic  CRV  , click on ok and let the trade run either in profit or loss. ssbo is only there to support your trading ideas not to be the holy grail….. My advise:  when you made your trade decision , don`t touch the running trade anymore .

core rules to manage trades :   scaling in or out,  pyramidizing , trailing, fixed stopploss, takeprofit   etc.    it is up to you…nobody can help you at this point!!!

 

 

[Billyon]

XUX99

 

Any way to implement a dynamic Trailing stop into the EA?

Dynamic as explained in this video. The 4th stop type

[xux99]

I may consider adding dynamic trailing stop to a future Rossbot version.

[simplex]

I may consider adding dynamic trailing stop to a future Rossbot version.

@xux99: I recommend the PDF document that is published here: http://www.forexfactory.com/showthread.php?t=411923

It covers the probabilistic aspects of trailing stops, partial TP, moving SL to BE, and more in great clarity.

s.

A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)

[Zvezdolet]

HI xux99,

The EA is working properly on standard time frames, but is it possible to make the EA work on Renko chart ?

I use EA  renkolivecharts_pimped_v4_13 to generate it. If I may assume since it is needed to open a offline chart the Rossbot gets confused ?

 

Pleeeease !!!!    

attaching the renko EA and screenshot

• This reply was modified 9 years, 9 months ago by Zvezdolet.

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[xux99]

I have no experience with renko therefore I have no plans to support it.

[Author]

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