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Even if someone could refer me to a specific post or a rough indication of whereabouts in the thread it talks about other ways of taking profit other than martingaling when you lose a trade..?
I have listened to everything you have said thus far Billyon and FX hard- I am strictly trading naked, no indicators of any sort but am giving back my profit when i lose a trade and double lot on the next trade of that trade set.
ANy help would much be appreciated- I am not here to argue with you guys, you are great mentors and i apologise for anything i have said out of line.
Roni
Goes to show how successful you really are if you have time to come onto forums and talk shit.
SSBO post #7094 shows how I was trading exactly three years ago. Try to imagine what my trades are like today, after 3 years of compounded equity. Most retail traders will never see those types of numbers in their lifetime. Intelligent people will want to know how I am able to do these things. Those less intelligent will call names and sling mud in jealousy or fear. Which are you?
I just said I cannot find anywhere in the thread that is clearly states what we should do when a trade is lost, i have only known to martingale until the loss is made back.I wanted to know what other better ways are there to take profit.. nothing else.
This results in my profit being wiped quickly- are there any better ways to hold on to profit and trade??
Yes: Stop trading Forex and move on to something you actually have an aptitude for. Trading is not for everyone, as you have clearly shown. Time to move on.
You just couldnt help yourself could you.
I have read through the forum on SSBO several times and the only methods advocated are either just trading the first breakout of a consolidation zone or thereby doubling or martingale lot size on the second and thus fourth.
It may be your method by you sir are an absolute shit bag. Goes to show how successful you really are if you have time to come onto forums and talk shit.
Ciao :)
Hi guys,
I have no scrapped the indicator and have gone back to trading naked.
However, I am finding that my account is depreciating rapidly. As i understand, when you lose a trade you then double your lot size on the next etc.
I trade up to three times on a break out if i lose i then go on to the next breakout.
This results in my profit being wiped quickly- are there any better ways to hold on to profit and trade??
kind regards,
Amar
Also try taking all the indicators of your charts and switch to a 15min line chart to spot CZs AT YOUR DISCRETION CHOOSE THE BEST LOOKING FLAT CZS TO TRADE (FORMS A HORIZONTAL LEDGE ). Find the best looking ones for the past 100 days by hand and draw the breakout potential. Get an Average target pips and use that as you initial breakout. Try a sentiment filter of you choice or a combination to increase probability. (96 MA use in this example on 15 min cart this is not the filter in the indicator it’s just added to my charts) it’s basically a 24hr MA. 1440 minutes /15 min =96 min MA When things get choppy don’t trade.
Hi Billyon,
I will do just that tonight!- I will be doing this on the 1hour charts. Is it 24 SMA you use or a 96 period SMA?
Cheers,
Roni
Welcome to the same EURUSD chart that had backtesting results of more than 80% wins with the EMA 1 now to a mere 40% without the EMA.
See screenshot below- this is dreary.
I think I will go back to just trading naked if the back test results are not relevant…
I know if you lose a trade from a trade set your double lot size for the next one right? thats the only way ive been trading so far with mixed results
Hi Billyon,
As I mentioned with the EMA 1 disabled the back test results are actually horrendous.
what do you advise?
Hi- I understand.
However once the ema is disabled the manual backtesting settings are horrendous with trade set wins being 35-52% win.
How will i trade the same settings without understanding the if the indicator is giving me a correct signal or not?
As you said it is inaccurate and is only calculating historic EMA’s and not real time. Should i just trade the settings on the chart whenever a signal pops up with the breakout candle and EMA 1 or should i now start waiting for the EMA 1 to close past the breakout candle.. What do you advise?
Hi xux99,
That’s extremely upsetting and both frustrating to know that the back test results bear no significance. Most of my trades were entered with the confidence of he indicator and the ena 1 which produced amazing results on the backtest.
How do you suggest I now continue? Do you suggest I continue trading as I am but by disregarding the indicator and waiting for the ema to close above the breakout candle?
Also what other ways are there to trade this other than doubling your lot size when you lost a trade from a trade set, if any?
Sorry for so many questions- I really did think I was doing well until now :(
For a valid real time signal the real time EMA should exceed the close of the bar. In history there are no real time data therefore instead of real time EMA we use the closed candle EMA. This is obviously inaccurate and explains why the circled areas could have given valid real time entry signals but no historical ones.
Hi Xux99,
Thank you for your response it is most valued.
So does that mean the EMA 1 for confirmation along with min closed bar 1 outside the box has no significance and the back tested results are irrelevant?
I have attached a EURUSD chart to show what I mean- you have said that the EMA 1 needs to close above the min bar close in case of long and below the close of the breakout candle in case of short. Does the EMA have to close above the breakout candle or above the EMA for that bar?
The chart below shows a signal being permitted before the EMA has even closed above the first breakout candles EMA. Is this wrong or have i misread?
Kind regards,
Roni
I have attached an example below-
I have circled the areas where the candle bar closed outside the ssbo zone as per my entry rules and also where the EMA closed lower than the previous bars EMA but i did not get an entry signal?.
I just want you guys to look over the chart below as it has been setup the same way as my other pairs- does the EMA wait to close over the confirmation candle (outside the box) or does the signal occur when the candle breaks out closes outside box with the ema?
Also the results with the EMA 1 as confirmation are amazing- if you turn this off they drop significantly!
Any of you senior guys able to shed some light on this? especially XUX99..?
I just want to know whether I wait for thE second bars close outside the box to be greater than the 1st bars close outside the box or do I wait for the 1st bars close and the EMA to close higher than the close if long and lower close than the closed bar if short..?
Hi Billyon,
im using the EMA 1 for trade signal as the backrest results over 720 days have been extremely good.
Anyone else have another take on my question above?
Kind regards,
Roni
Hello to all fellow traders!its been awhile I hope you are all well.
Just like some of the senior guys like xux99 to shed some light onto something.
So I have filtered my ssbo trades to min closed bar 1 and ema 1 as confirmation. Do I need to wait for one bar to close outside the box AND the ema to proceed the close in the case of a ‘buy’ trade and vice Versa for ‘sell’?
Ive realised some entries signals are given directly after the one bar closes outside the box even if the EMA 1 does not close past the bar. i normally wait until the EMA closes past the the close of the break out candle which sometimes may be too late.
Any thoughts guys?
many thanks!
Roni
Right, spread and fees kill it, but you may be able to figure a higher timeframe solution. Especially with a sentiment filter.
Billyon and others,
Do you prefer the rossbot over the Dynamic SSBO indicator?- Accuracy better?
Roni
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.
Hi Simplex,
Thanks for your response.
The issue is the lag- I only trade off the H1 chart and using the MA period 1 I have founded exceptional backtest result wins, BUT I am not sure why alot of the times a bar will close outside the box but the trade would not get entered until the other side of of the box OR if a second breakout occurs on the trade set.
I am still struggling to understand why this happens other than ema repainting- could it be an indicator lag?
Hi Dagmar,
Thank you for your response.
Yes i selected display EMA – but nothing shows up. Maybe I have the old version of the SSBO?
I only trade off the H1 chart and using the MA period 1 I have founded exceptional backtest result wins, BUT I am not sure why alot of the times a bar will close outside the box but the trade would not get entered until the other side of of the box OR if a second breakout occurs on the trade set.
I am still struggling to understand why this happens other than ema repainting- could it be an indicator lag?
I am trying to establish that if MA 1 is the same as having no MA then why are my backtest reulsts showing extremely impressive numbers when puttin the MA to period 1?
Simplex- note taken.
It is just frustrating how when you come across an obstacle, instead of offering help, you are told to go back to basics, read the same thread over and over again without finding any answers.
NOW CAN SOMEONE PLEASE HELP:
All I need to know is why I cannot put the MA period 1 onto my platform because this is the ema I see the best backtested results on.
Secondly- when i put the MA period to 1 sometimes even if the bar breaks outside the consolidation box and closes as per my enter filters, the trade does not neccessarily get entered the first break, or it enters abit late into the breakout on the opposite side..Why does this occur? Its a good thing because most of these trades end up hittin SL on the first breakout.
Kind regards,
Roni
…..However, based on reading the thread over at FX factory twice…..
I don’t care how many times you’ve read the SSBO thread. If you didn’t perform the required steps (and you clearly haven’t), then you haven’t yet learned 10% of what you need in order to continue. Since you seem so unwilling to learn the right steps after many warnings, I now consider you to be a time waster and a troll. I will now ignore you and your idiotic posts, and I hope every one else here does the same.
Surprise surprise the ‘bitch’ comes out in you again. No wonder most followers of your thread have gotten sick of your arrogant attitude and have given up all together. Your so called method would have been nothing without Xux99’s indicator, it was a sore failure no matter how much you reiterated this to us by cherry picking your trades. The fact you have no patience for your students and your unethical approach to teaching people, or should i say, scolding people shows us all what a cowboy you really are.
Hello to all fellow traders!
