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I would like the EA filter to work a bit different or have this option.
Longs above / shorts below
Ex. 50 ema price closed above only tale breakouts long and vice versa for shorts.
Rather than or as addition to using it as a momentum filter as it seems currently.
Billyon,
Many thanks for your response!
What makes you say that this method will ‘eat you’?
It would be so profitable if we could use the same quickTP for the second, third, fourth trade of a set..
Does anyone do this? Or do they just keep the Quicktp number to the initial breakout only?
Billyon, Many thanks for your response! What makes you say that this method will ‘eat you’? It would be so profitable if we could use the same quickTP for the second, third, fourth trade of a set.. Does anyone do this? Or do they just keep the Quicktp number to the initial breakout only?
Once more I say: If you had followed my directions from the first post of the SSBO thread, then all of these questions would have already been answered. The very fact that you are asking them, is all the proof I need that you are taking short cuts and expecting to be spoon fed by actual SSBO traders that have done what you have not. In other words, I would bet anything that you have not 1) spent at least one week trading with hand drawn boxes, 2) traded forward for at least 100 trade sets with hand drawn boxes and small lot sizes, or 3) kept a detailed trading diary as you did these first two exercises. And until you actually take these steps, you should stop wasting everyone’s time with your noob questions. Your lack of preparation does not become everyone else’s problem, and it is not our responsibility to fix issues you can easily fix for yourself if you were to simply follow the directions given years back. And before you flame me again, remember that you are in here asking about my creation, not the other way around. The ONLY thing I want from you is the effort it takes for you to finally follow directions and get on track with the rest of us. If that’s too hard, then maybe trading isn’t the thing for you.
Billyon, Many thanks for your response! What makes you say that this method will ‘eat you’? It would be so profitable if we could use the same quickTP for the second, third, fourth trade of a set.. Does anyone do this? Or do they just keep the Quicktp number to the initial breakout only?
Once more I say: If you had followed my directions from the first post of the SSBO thread, then all of these questions would have already been answered. The very fact that you are asking them, is all the proof I need that you are taking short cuts and expecting to be spoon fed by actual SSBO traders that have done what you have not. In other words, I would bet anything that you have not 1) spent at least one week trading with hand drawn boxes, 2) traded forward for at least 100 trade sets with hand drawn boxes and small lot sizes, or 3) kept a detailed trading diary as you did these first two exercises. And until you actually take these steps, you should stop wasting everyone’s time with your noob questions. Your lack of preparation does not become everyone else’s problem, and it is not our responsibility to fix issues you can easily fix for yourself if you were to simply follow the directions given years back. And before you flame me again, remember that you are in here asking about my creation, not the other way around. The ONLY thing I want from you is the effort it takes for you to finally follow directions and get on track with the rest of us. If that’s too hard, then maybe trading isn’t the thing for you.
Can’t agree more..
This is Brother Forexhard solid creation, I’m following the idea and know the process since the beginning. This is already complete and logic system with strong base knowledge. So, what you need to do is only learning it and understanding it in correct way. If you have your own idea to modified the system then create your own system thread and don’t mix it with the original one since that could make confusions for the rest of the new readers and misleading them.
In general, this is one of the way on how to ‘spot and frame’ high probability areas when smart money consolidation / negotiation happened and how to deal with that smartly and safely. It’s similar with ‘squeezing’ and ‘exploding’ process in BB.
Happy Trading and Best Regards…
MTH
Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/Billyon, Many thanks for your response! What makes you say that this method will ‘eat you’? It would be so profitable if we could use the same quickTP for the second, third, fourth trade of a set.. Does anyone do this? Or do they just keep the Quicktp number to the initial breakout only?
Once more I say: If you had followed my directions from the first post of the SSBO thread, then all of these questions would have already been answered. The very fact that you are asking them, is all the proof I need that you are taking short cuts and expecting to be spoon fed by actual SSBO traders that have done what you have not. In other words, I would bet anything that you have not 1) spent at least one week trading with hand drawn boxes, 2) traded forward for at least 100 trade sets with hand drawn boxes and small lot sizes, or 3) kept a detailed trading diary as you did these first two exercises. And until you actually take these steps, you should stop wasting everyone’s time with your noob questions. Your lack of preparation does not become everyone else’s problem, and it is not our responsibility to fix issues you can easily fix for yourself if you were to simply follow the directions given years back. And before you flame me again, remember that you are in here asking about my creation, not the other way around. The ONLY thing I want from you is the effort it takes for you to finally follow directions and get on track with the rest of us. If that’s too hard, then maybe trading isn’t the thing for you.
Can I take a minute out to explain the concept of a forum to you because it seems like you have your trading grasped but lack the intelligence to define what a ‘forum’ is used for. A forum is a DISCUSSION BOARD where noobs and pro’s alike share their personal experiences with something, i.e the SBBO system. For your information I have read your SBBO system from the first page to the last twice and have not seen anything addressing my question above in relation to keeping the same quickTP for the second or third trade of a set. Nobody is asking for your two cents, I don’t care what you have done for the community, your attitude stinks so please get off your high horse and refrain from wasting your breath bashing people who are simply trying to experiment with the system and engage other traders in a similar way.
Have a nice day.
Billyon, Many thanks for your response! What makes you say that this method will ‘eat you’? It would be so profitable if we could use the same quickTP for the second, third, fourth trade of a set.. Does anyone do this? Or do they just keep the Quicktp number to the initial breakout only?
Once more I say: If you had followed my directions from the first post of the SSBO thread, then all of these questions would have already been answered. The very fact that you are asking them, is all the proof I need that you are taking short cuts and expecting to be spoon fed by actual SSBO traders that have done what you have not. In other words, I would bet anything that you have not 1) spent at least one week trading with hand drawn boxes, 2) traded forward for at least 100 trade sets with hand drawn boxes and small lot sizes, or 3) kept a detailed trading diary as you did these first two exercises. And until you actually take these steps, you should stop wasting everyone’s time with your noob questions. Your lack of preparation does not become everyone else’s problem, and it is not our responsibility to fix issues you can easily fix for yourself if you were to simply follow the directions given years back. And before you flame me again, remember that you are in here asking about my creation, not the other way around. The ONLY thing I want from you is the effort it takes for you to finally follow directions and get on track with the rest of us. If that’s too hard, then maybe trading isn’t the thing for you.
Can’t agree more.. This is Brother Forexhard solid creation, I’m following the idea and know the process since the beginning. This is already complete and logic system with strong base knowledge. So, what you need to do is only learning it and understanding it in correct way. If you have your own idea to modified the system then create your own system thread and don’t mix it with the original one since that could make confusions for the rest of the new readers and misleading them. In general, this is one of the way on how to ‘spot and frame’ high probability areas when smart money consolidation / negotiation happened and how to deal with that smartly and safely. It’s similar with ‘squeezing’ and ‘exploding’ process in BB. Happy Trading and Best Regards… MTH
I dont think you understand the concept of my previous post.
I dont think you understand the concept of my previous post.
Ok, then please forgive me because i’m noob as always..
Back to my fishing pond.. bye…
MTH
Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/Gents, seriously, this must be the bitchiest thread yet on Penguin …
Dear Roni, mate … I do get the guys getting a bit fed up with you basically asking the same question over and over again whilst dismissing or misunderstanding all the responses. I’ll give you an honest answer in two ticks …
Brother MTH and Master FH … you deserve my respect and I appreciate everything you’ve done for the community and cannot highlight enough how much that is helping me in my own personal efforts to ‘beat’ the market :)
But … lol … the thread for the ‘complete and logic system with strong base knowledge’ is over at FF. This thread here has been created by XUX for the SSBO indicator and Rossbot EA.
Master FH is clearly one of the teachers believing in ‘Suffer you must before you will profit’ or something like
<h2 class=”title” style=”font-weight: normal; margin: 0px 0px 4px; padding: 0px; font-size: 22px; line-height: 1.3; color: #555758; font-family: Arial, Helvetica, sans-serif;”>“If you end your training now — if you choose the quick and easy path as Vader did — you will become an agent of evil.”</h2>
Well, he may be right – personally I absolutely believe in shortcuts and always try to use accumulated knowledge and experiences shared by others before I make my own decisions … I wouldn’t be very efficient if I aimed to go through everything they’ve gone through first … if a shortcut works, then why the heck not use it? However, if it doesn’t …Anyway, Roni, here’s a shortcut (and hopefully an answer) for you … no system works with arbitrary numbers … and, IMHO, no system works if you trade it manually. I think the evidence backs me up on this (95% and all that … lol …). SSBO is brilliantly coded and a gem of an indicator for a system devised by Master FH that is still not really precise – if you go through his instructions, you’ll find that everyone draws their boxes differently … and therefore ends up with different results. The coders involved, and especially XUX, did a fantastic job trying to translate the whole idea into something that can be mathematically defined. Still doesn’t work perfectly, and trust me, if it was a perfect system with clearly defined and absolutely logic rules, then it would break purely for the fact that you wouldn’t get your orders fulfilled … millions of robots would do the same thing and bring along a crash from hell …
Here’s what I do, or did – it’s been a while since I used the method … if you input your numbers from SSOB into Rossbot and let it run, you’ll find that eventually it will mess up big time – basically it will consistently take trades in the exact wrong direction. So, I only used Rossbot for relatively short periods and then changed my settings – I run SSOB on one chart and Rossbot on another … When SSOB has optimised itself and I agree with the box size and length, I setup Rossbot accordingly and find that I get good results for maybe something like a day tops, depending on the TF I trade on. As soon as things are starting to go wrong, and they will … I will run SSOB again, draw my own boxes and then restart Rossbot.
Used to work very well, especially with big lotsizes (LOL), but eventually I came up with a system that doesn’t require me to input anything at all – I hate made up stop losses and take profits, I dislike the idea of selecting my own lotsizes and when to trade in which direction and I definitely do not think that a human being is capable of consistently successfully defining how long a consolidation zone has to last before it counts as such or where its high and low are located. It’s always easy to draw your box after the fact, but I think Rossbot proves that there is still too much interpretation required when you try to do this live – which is why it includes the two major money management options, martingale and/or larger targets after losses.
FH and Roni, don’t let anger into your hearts, that’s definitely the path to the dark side :), MTH, you’re fantastic and fun as always :)
Peace
Danny
Gents, seriously, this must be the bitchiest thread yet on Penguin … Dear Roni, mate … I do get the guys getting a bit fed up with you basically asking the same question over and over again whilst dismissing or misunderstanding all the responses. I’ll give you an honest answer in two ticks …
Brother MTH and Master FH … you deserve my respect and I appreciate everything you’ve done for the community and cannot highlight enough how much that is helping me in my own personal efforts to ‘beat’ the market :)
FH and Roni, don’t let anger into your hearts, that’s definitely the path to the dark side :), MTH, you’re fantastic and fun as always :) Peace Danny
Thank You….
as the penguins we are often dropped, but we are sure that we will always be up and running again..
Happy Trading and best regards
MTH
Intuition, Experiences and Common sense..
http://www.binaryoptionsedge.com/Gents, seriously, this must be the bitchiest thread yet on Penguin … Dear Roni, mate … I do get the guys getting a bit fed up with you basically asking the same question over and over again whilst dismissing or misunderstanding all the responses…. Peace Danny
Hello Danny, glad to hear you are getting something useful from SSBO.
Yes, I very much expect potential SSBO traders to stand on their own two feet. Mainly because it isn’t difficult to do. Roni is definitely not the first noob poster I have come across, and he won’t be the last. But, if he had simply taken the time to follow my instructions, then not only would he be standing on his own, but he would then be in a position to pass on the knowledge he EARNED to others as well. Unfortunately, as it stands now, he is just another lost statistic and a time suck on everyone he meets, and is no position to help anyone whatsoever. He says he has been with SSBO for at least 2 years, and yet he still comes into these forums with these types of questions and false expectations. So either he is a liar or broker mole, or a VERY bad trader. Either way it goes, he hasn’t earned my respect. If he (and others like him) would simply spend 10 weeks or so following the instructions from the SSBO OP (like you did???), then every single one of these basic questions would already be answered, plus dozens more. His self respect would be through the roof at that point, and his bank account would be in a much better place as well. Again, that’s giving him the benefit of the doubt that he’s in here actually trying to better himself and his understanding of SSBO in the first place. But the fact that he keeps coming back with the same 2 questions over and over, makes me question his motivations. What I’d really prefer, is that he go away for 3 months and follow my advice and instructions, and then come back in here with a success story of how he powered through his challenges, and was now ready to help others.
Gents, seriously, this must be the bitchiest thread yet on Penguin … Dear Roni, mate … I do get the guys getting a bit fed up with you basically asking the same question over and over again whilst dismissing or misunderstanding all the responses. I’ll give you an honest answer in two ticks … Brother MTH and Master FH … you deserve my respect and I appreciate everything you’ve done for the community and cannot highlight enough how much that is helping me in my own personal efforts to ‘beat’ the market :) FH and Roni, don’t let anger into your hearts, that’s definitely the path to the dark side :), MTH, you’re fantastic and fun as always :) Peace Danny
Thank You….
as the penguins we are often dropped, but we are sure that we will always be up and running again.. Happy Trading and best regards MTH
Too small StopLoss…
G.
Hello xux,
I get an error when testing the ea using the newest version. The older version was running well while testing, so what am I doing wrong???
2016.04.06 01:59:57.447 Rossbot EURUSD,H1: array out of range in ‘Rossbot.mq4’ (349,121)
I hope its not because i tried to use historical data from this website http://www.histdata.com/f-a-q/metatrader-how-to-import-from-csv/ ( its free stuff)Hope you can help….
Best regards Daggi
This reply has been reported for inappropriate content.
Hello xux,
I get an error when testing the ea using the newest version. The older version was running well while testing, so what am I doing wrong???
2016.04.06 01:59:57.447 Rossbot EURUSD,H1: array out of range in ‘Rossbot.mq4’ (349,121)</
I hope it
s not because i tried to use historical data from this website http://www.histdata.com/f-a-q/metatrader-how-to-import-from-csv/ ( its free stuff)Hope you can help….
Best regards Daggi
Well well well…
What a ride it was. I just finished reading the whole SSBO thread on FF (like I did to Killing Zone some time ago). All 382 pages and the first 8 posts once again.
Dear @forexhard, what an impressive effort…! What a contribution…!
All this time the SSBO thread existed in front of my eyes, yet only last Friday have I started reading it. What a misfortune…I must thank you on behalf of everyone like me (i.e. successful in other branches in life, unsuccessful/permanent learner in FX markets). What a lifesaver…
Also, I find your tone and style pretty much similar to GG53’s, which I don’t mind -even like at some points-. Perhaps it is a very wise thinking to place much importance in RESPECT and CONTRIBUTION.
On top of that, perhaps there are numerous lessons on how to be a successful trader given in SSBO thread. One of them I e-mailed yesterday to my wife is as follows: “..You will know you have “arrived” when trading becomes the most boring thing you do all day. If it’s exciting… if it gives you a rush of adrenaline… if you look forward to it like a new toy… if you brag about it to all your friends… YOU ARE DOING IT ALL WRONG.” How accurate a portrait…
Also there are wise suggestions on how to let go of one’s own ego to be successful trader, which reminded me of the saying of Robert W. Woodruff, a former Coca-Cola CEO: “There is no limit to what a man can do or where he can go if he doesn’t mind who gets the credit.“
Anyways, sorry to keep it this long, but I felt the need to thank you for all of this: the very idea itself and your self-motivated inputs.
I’m planning to make a compilation on your entries from SSBO thread when I get another spare time window (like I did to GG53’s entries in Killing Zone some time ago).
Best regards and look what I’ve done today (see the attachment please).
@xux99, I must repeat my comment in post #6198. The only thing to ask about the SSBO indicator maybe if there’s a way to get rid of repainting signals, apart from turning EMA filter off, in auto-optimization. Even then, do the signals become non-repainting?
Best regards and thank you all to make me put my hands on this MT4 platform once again!
Nothing has ever motivated me more than this...
The only thing to ask about the SSBO indicator maybe if there’s a way to get rid of repainting signals, apart from turning EMA filter off, in auto-optimization. Even then, do the signals become non-repainting?
The signals don’t repaint if EMA filter is disabled. Do you have any screenshots of repainting signals?
The only thing to ask about the SSBO indicator maybe if there’s a way to get rid of repainting signals, apart from turning EMA filter off, in auto-optimization. Even then, do the signals become non-repainting?
The signals don’t repaint if EMA filter is disabled. Do you have any screenshots of repainting signals?
I only have them when the EMA filter is on. So the answer to your question is no.
OK. now I’ll try to find my sweet spots with EMA filter off.
Thanks for the reply. Best regards…
Nothing has ever motivated me more than this...
Hello xux99! First thank you for sharing EA. I want to aks you to add a virtual SL/TP function to prevent cheating brockers who see SL make the price touch SL and go profit way. The best way I see it could be realised, is drawing horisontal lines at SL and TP levels(with different colours), then order should be closed by EA, not real SL/TP. Is it possible to add this feature?
The take profit and stop loss are hidden. Set VisibleTP and VisibleSL to a number greater than 1 so that brokers can’t see their real values.
Hello xux,
have got a little problem with ssbo indicator as follows and as you can see in the pic. Sometimes and in all timeframes it happens that consolidation zones don
t automatically reduze themselves. I cant see under which circumstances this is happening.. The EA doesnt do this..is working ok. Hope you have a solution for this as I cant see anything doing wrong with the settings. I overlayed the Rossbot with ssbo and usually get same good results, there are only differences when the indicator isnt reduzing the zones exactly . I use 14 Currency pairs adjusting them every 24 hours with settings of ssbo 20 days back and only letting the ea run from 11 oclock to midnight …works really well. :)By the way…is it possible to program the AutoOptimize function into the EA?? Would be very helpful, because then the EA could optimize itself!!!!
Thx for an answer
If TestAutoReduceCZ is set to blank or 0-1 then after the auto-optimization is finished it may have set AutoReduceCZ to false. Set TestAutoReduceCZ to 1 (true). For the EA the backtester is more accurate than the AutoOptimize function of the indicator; there is no meaning adding this feature to the EA.
thx for answering so quick… i changed it …now it`s working
i
ll try to explain what i meant by integrating the AutoOptimizeFunction into the ea and why i think it is useful. I only use 10 to 20 days look back with this function in ssbo and every morning to a certain time i modify the settings found by AutoOptimizeFunction. The numbers havent to be absolute precise ( fuzzy logic – don`t know the right translation..in german M. Voigt says: fachliche Unschärfe) Doing so I adjust (adapt ) always the last 10 to 20 (varies) days to the given volatility. What i mean is, I don´t need an absolutely precise backtesting but this feature from ssbo integrated into the ea to auto-adjust the settings every 24 hours to the volatility. Till now I do this manually…so would be very convenient to automate this. Setting the QuickTakeProfitType to CZMultiplier 1.0 it gives good results so far. Hope i made clear what i meant. :)By the way..is it right that you live in greece Athena? I think i have read this somewhere… if so I´d like to invite you to our house on Pilion near Volos to say thankyou for programming such a great EA :):)
Hi xux99,
Again thanks for the brilliant work. I have manged to set some good strategies but and tested a MM in excel to optimize results.
Is it possible to add a MM option in the EA, as follows:
Example:
1. Starting Balance or Available equity = 1000
2. Divide the *Balance/“X” (certain number lets say 150) and rounded up to *Zero= 7
3. That would mean the profit/loss for 1 pip on the next trade should be $7. That would suggest next trade on EURUSD should be with volume of 0.7 lots.
4. The “X” must be a constant, what I mean is Balance always divided by it (like excel lock cell with the $) and to be editable.
5. Then repeat for the next trade
IF that could be done, would be a great advantage to be tested in this way as a can see a big positive difference in this MM on solely using percentage of equity. Yes, I have tried to simulated it but the results did not match.
Will be waiting for an answer, thanks in advance for it.
P.S.
If further information for clarifying it is needed, just let me know.
Hi xux99, Again thanks for the brilliant work. I have manged to set some good strategies but and tested a MM in excel to optimize results. Is it possible to add a MM option in the EA, as follows: Example: 1. Starting Balance or Available equity = 1000 2. Divide the *Balance/“X” (certain number lets say 150) and rounded up to *Zero= 7 3. That would mean the profit/loss for 1 pip on the next trade should be $7. That would suggest next trade on EURUSD should be with volume of 0.7 lots. 4. The “X” must be a constant, what I mean is Balance always divided by it (like excel lock cell with the $) and to be editable. 5. Then repeat for the next trade IF that could be done, would be a great advantage to be tested in this way as a can see a big positive difference in this MM on solely using percentage of equity. Yes, I have tried to simulated it but the results did not match. Will be waiting for an answer, thanks in advance for it. P.S. If further information for clarifying it is needed, just let me know.
You won’t get into profit with a trade set using these types of MM formulas. Only about 30-35% of the gross number of trade sets hits QTP. The remaining 65-70% miss the first breakout trade of a set (QTP), and so to remain equity positive for the remainder of the set some form of equity recovery is required. In other words, more equity needs to be risked on the next trade, not less. In your example, it’s exactly the opposite: you are risking less after having suffered a loss. You will never reach profitability that way.
I have said it before MANY times: The key to SSBO is the size and shape of the CZ, and being patient enough to pass over the lesser CZs in the search for the best ones.
I have the data,
results from the EA straight no MM with 0.1 lot which comes as $1 per pip.
1. testing MM with 20% of equity Result= 22,000
2. testing the above mentioned way Result = 183,000
The “X” number is optimized at the end but it is still good for the whole period. Test it by your self, because these are the results I see. In theory you are right, except when the TP is less then the SL. (In my case the TP is 3 times less than the SL). Also what you will notice is that the “X” is 2 times smaller than the MAX DD possible.
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