Dave Smith replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 9 months ago
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.
Dave Smith replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 9 months ago
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,…[Read more]
Dave Smith replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 9 months ago
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…[Read more]
Dave Smith replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 10 months ago
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…[Read more]
Dave Smith replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 10 months ago
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…[Read more]
Dave Smith replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 10 months ago
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…[Read more]
Dave Smith replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 10 months ago
Also guys with the indicator do you advocate martingaling or doubling lot size?
So i have a breakout trade, then break out trade 1, 2 , 3 and finally 4.
I know fxhard also trades this way but is doubling the lot size advised on each loss?
Dave Smith replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 10 months ago
I have attached the picture of the losing trade to the message above.
So far from forward testing the naked SSBO system (not indicator) the results have not been so great.
Dave Smith replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 10 months ago
Hi guys,
another two losses for the beginning of the week for me. Struggling to see how this naked ssbo trading system is claimed to have such high success rate. Just breaking even in the last few weeks😅
Couple questions.. How would you guys have handled the attached trade, or was the loss inevitable?
Dave Smith replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 10 months ago
Billyon,
I apolgise profuself- But after reading the entire thread I cant point out succinctly where the thread talks about pricing and the static 30pip default. Either I am blind or ive managed to skip over it. lol
Anyone care to shed some light?
Dave Smith replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 10 months ago
Billyon,
I apolgise profuself- But after threading the entire thread I cant point out succinctly where the thread talks about pricing and the static 30pip default.
Anyone care to shead some light?
Dave Smith replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 10 months ago
HELLO TO ALL,
Am i glad i found this thread, After some success with the naked ssbo system (without indicator) I have a question for you guys out there who have been trading this also.
When we take any trade on providing the break out occurs and at least 2 bars are closed outside the consolidtin box does the TP remain static at 30pips for all…[Read more]
Dave Smith became a registered member 9 years, 10 months ago