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Brijons advanced traders multi-currency strategies

  • #641
  • Jul 27, 2011 6:21am Jul 27, 2011 6:21am
Thank you brijon, I will be looking forward to the next video,
Profit terol, I love the blue line, but the drawdown looks huge?
Bulls are stupid Animals!especially when Im short!
  • #642
  • Jul 27, 2011 7:27am Jul 27, 2011 7:27am
Hi,
yes dd is 55% max, you should take care of the macro trend also.
I'm modifing my EA to open trades according to the current macro moving average (14 days or something). Anyway, even with other pairs the profitable trades are >95-100% (with audusd is 100% for example).
We dont have to forget that during 2000-now period we had one of the major economic problem in history. If your strategy survives during these kind of periods, you are almost crack-proof

Obviously, a human woudlnt use a strategy built for "normal days" during an economic collapse. As i remember, also Brian during the 2007 crack in his old thread about water level suggested not to trade his strategy .

I'll post more backtest with other pairs later.

Quoting roughtrader
Thank you brijon, I will be looking forward to the next video,
Profit terol, I love the blue line, but the drawdown looks huge?
  • #643
  • Jul 27, 2011 9:03am Jul 27, 2011 9:03am
although i realy dont believe in bk test andfwd testing as mt4 is perticular history is not acurate especialy in demo accounts it sumarizes the results
whitout taking into account the monthly fib trend and finer points to analizing the market at the time

but in essence it does have a very very high hit rate as you mentioned

as per your previous memo i only look at the dd and ajust when time permits my life is not bound by trading times more by times i have free

i dont use stop losses in any trading only trend bias which i will dicuss in videos later

trend bias corelation trading and limit orders play a major part of my trading

with buisness management of dd control using sales ratios to dd

i have done some videos on that in my advanced multi currency trading thread

perhaps next week time permiting ill do a follow on to corelation trading video with trading bias use of single currency trading

thank you for your great post

GOD BLESS FROM Brian
  • #644
  • Edited 10:47am Jul 27, 2011 10:23am | Edited 10:47am
Thank you for your answer Brian.

Ive modified my EA to trade according to daily trend. I open both buy and sell positions.

again i got 100% win rate on AUDUSD. (116 trades from 2000 to now, only 1 in loss due to negative rollover)

DD has been limited to 10% with this additional check.

My test settings are the same of the previous test, i've just added an additional check on MACD,STR and EMA (taken from Signal_Bars_v3_Daily indicator) on D1. All the three has to be green or red before opening a trade (thats why i got only 116 trades in a 11 years long period, i wanted to be extremly sure that my trades were correct ).

ill test other pairs later

thank you bye



Quoting brijon
although i realy dont believe in bk test andfwd testing as mt4 is perticular history is not acurate especialy in demo accounts it sumarizes the results
whitout taking into account the monthly fib trend and finer points to analizing the market at the time

but in essence it does have a very very high hit rate as you mentioned

as per your previous memo i only look at the dd and ajust when time permits my life is not bound by trading times more by times i have free

i dont use stop losses in any trading only trend bias which i will dicuss in...
Attached Image (click to enlarge)
Click to Enlarge Name: TesterGraph.jpg Size: 70 KB
  • #645
  • Jul 27, 2011 10:45am Jul 27, 2011 10:45am
Japan is buying usdollars up to support yen

so usgoverment may be saved with japans help

usd jpy to strenghten if this is true

from brian
  • #646
  • Jul 28, 2011 1:15am Jul 28, 2011 1:15am
Quoting moodybot
Ryan

Open up EURJPY 15 min

Add from custom indicators "basket core5"
Add again basket core5 and change period multiplier to 4
Add again basket core 5 and change period multiplier to 8

You should now have 3 basket core 5 indicators in the indicator list.

Now add combo brian from custom indicators.
Now add combo brian again and change period multiplier to 4
Now add combo brian again and change period multiplier to 8

Now add from custom indicator T101_indypricehistory_v3-dnk

Now go to file, open offline and double click on basket H1 and then...
Moodybot,

Thank you for your great instructions. I have a question. This process only activated the 30min and 1hr basket charts. I added the 4hr and 8hr but these charts do not move. The key must be in the multiplier number. Can you give a brief instruction on how to activate the 4hr and 8hr. Thanks in advance for your efforts.

World Freedom
God Bless
  • #647
  • Jul 28, 2011 1:46am Jul 28, 2011 1:46am
Quoting brijon
http://www.youtube.com/watch?v=xV7BLchDrMY
Brian,

I just wanted to say thanks for all the great information you share. This video is perfect and right on.

God Bless
World Freedom
  • #648
  • Jul 28, 2011 2:51am Jul 28, 2011 2:51am
Quoting Profit_terol
Thank you for your answer Brian.

Ive modified my EA to trade according to daily trend. I open both buy and sell positions.

again i got 100% win rate on AUDUSD. (116 trades from 2000 to now, only 1 in loss due to negative rollover)

DD has been limited to 10% with this additional check.

My test settings are the same of the previous test, i've just added an additional check on MACD,STR and EMA (taken from Signal_Bars_v3_Daily indicator) on D1. All the three has to be green or red before opening a trade (thats why i got only 116 trades in a 11 years...

Good stuff Profit, any chance will you be sharing your EA to the group? Thanks.
Don't stop believing
  • #649
  • Jul 28, 2011 2:59am Jul 28, 2011 2:59am
2 is 15 minutes so thats the mutiply for other time frames
Quoting worldfreedom
Brian,

I just wanted to say thanks for all the great information you share. This video is perfect and right on.

God Bless
World Freedom
  • #650
  • Jul 28, 2011 7:27am Jul 28, 2011 7:27am
Quoting Profit_terol
Thank you for your answer Brian.

Ive modified my EA to trade according to daily trend. I open both buy and sell positions.

again i got 100% win rate on AUDUSD. (116 trades from 2000 to now, only 1 in loss due to negative rollover)

DD has been limited to 10% with this additional check.

My test settings are the same of the previous test, i've just added an additional check on MACD,STR and EMA (taken from Signal_Bars_v3_Daily indicator) on D1. All the three has to be green or red before opening a trade (thats why i got only 116 trades in a 11 years...
I agree with brijon not to use stop losses,
but I don't want to start a fight over it,
I let everyone trade the way they wan't and if they are happy with that
who am I to argue with them?
anyway here is my view on stoplosses.
I don't know if you use them in your EA but it doesn't look like it,
it might seem dangerous but the fact is, every time you are stopped out, the blue line jumps down,
if it have been jumping down a few times which it normally do, will result in a downtrend,
and that is the oposit from what you want, after a few times you need a HUGE win just to brake even,
from all the backtesting I have done the stoploss allways does this,
and thats why I don't use them,
I agree backtesting is not a good way to get real result but atleast we can get an idea on the way it will be heading,
I doubt that an EA that totally fails in backtest will have any chanse of being successful in the real market though.
I think hedging is superior to using stoplosses,
that way a looser and be turned into a winner later on by keeping it in the basket, if you are not totally against the idea,
maybe this is something you can test in your EA,
they say 95% of all the traders are loosers and mostly everyone is trading the same way,
everywhere we are joining seminars and they teach using the same thing,
hmm, whats the problem whit that I wonder?
this is just some of my personal ideas and there is more than one way to trade but I hope this can give you and others some ideas.
and maybe help your EA,
anyway I respect traders that use stoplosses and are being profitable,
I wish you the best of luck,
Bulls are stupid Animals!especially when Im short!
  • #651
  • Jul 28, 2011 8:56am Jul 28, 2011 8:56am
I also think hedge il better than stop loss, this is especially true when you are gaining from rollover simply leaving your trade open.

i had a position in huge dd few weeks ago, i managed it opening another trade so that the result was a pair that was in its lowest low zone.

the two pairs compensated each other (and dd was limited in this way), i closed both in profit some days later.

you cannot simulate it in metatrader since the tester works only with one pair at once. Anyway, i think EA are useful only to test whatifs in backtests not for live trading.



Quoting roughtrader
I agree with brijon not to use stop losses,
but I don't want to start a fight over it,
I let everyone trade the way they wan't and if they are happy with that
who am I to argue with them?
anyway here is my view on stoplosses.
I don't know if you use them in your EA but it doesn't look like it,
it might seem dangerous but the fact is, every time you are stopped out, the blue line jumps down,
if it have been jumping down a few times which it normally do, will result in a downtrend,
and that is the oposit from what you want, after a few times you...
  • #652
  • Jul 28, 2011 9:08am Jul 28, 2011 9:08am
this video is designed to help you start scalping using foundation for anchores same currency hedging for an indicater also bases for using the 14 idenifying entry points ect its first of a series i will do

hope you like this as ideas for trading precise entry points ect

FROM Brian
ps to big for utube use raid for download

https://rapidshare.com/files/1244308768/BUILDING_A_FOUNDATION_FOR_TRADING_SCALPING_TREND_BIAS_AND_MULTI_CURRENCY_TRADING.avi
  • #653
  • Jul 28, 2011 10:19am Jul 28, 2011 10:19am
http://tinypic.com/player.php?v=2u464ag&s=7
  • #654
  • Jul 28, 2011 10:26am Jul 28, 2011 10:26am
as per above video for you to trial
Attached File(s)
File Type: zip indicaters template (2).zip   197 KB | 444 downloads
  • #655
  • Jul 28, 2011 11:06am Jul 28, 2011 11:06am
Hi Brian

Excellent video, yet another string to the bow.

I have just about doubled a $5000 demo account since june 1st, scalping 3mw and setting limit orders at 0.10 - its the first time I can honestly say that I feel confident in what I am doing in the 18 months that I have been practising. Scalping with the 3mw especially during the London opening has been ridiculously easy, again on demo but have to start somewhere.

Many thanks

M.
  • #656
  • Jul 28, 2011 11:55am Jul 28, 2011 11:55am
I like your video very much brijon and I will be waiting for the next one,
I have one question about the hedge you had on in the video,

I wonder why you chose to hedge the THREE 1 with THREE 4 and not THREE 2,3 and 5?
do you have a choice between the THREEs there so you can put on the one group that have the most minus in the hedge indicator?
or do you allways hedge THREE 1 with THREE 4?

I also wonder about the anqor pairs,
if you have a trade on and they suddenly shift positon with eachother, do we close the trade here?
sorry for the noob questions but I really wan't to learn this.

thanks, please continue explaining
it's very apprechiated
Bulls are stupid Animals!especially when Im short!
  • #657
  • Jul 29, 2011 12:53am Jul 29, 2011 12:53am
corelations and anchores brijons method explanation

here is the three hedge usuing correlation and anchore
here are some examples for you to think about anchores and corelations
tie ins
you can make your own this is an example


eur usd
gbp usd three 1
eurgbp anchore 1
eur jpy three 4
gbp jpy
usdjpy anchore 2

ANSWER SEE FILE BELOW I MADE IN WORD A LOT CLEARER FOR YOU

see how the anchores are tying in each group

Quoting roughtrader
i like your video very much brijon and i will be waiting for the next one,
i have one question about the hedge you had on in the video,

i wonder why you chose to hedge the three 1 with three 4 and not three 2,3 and 5?
Do you have a choice between the threes there so you can put on the one group that have the most minus in the hedge indicator?
Or do you allways hedge three 1 with three 4?

I also wonder about the anqor pairs,
if you have a trade on and they suddenly shift positon with eachother, do we close the trade here?
Sorry for the noob...
Attached File(s)
File Type: zip CORRELATION ANANCHORES BRIJON METHOD.zip   < 1 KB | 485 downloads
  • #658
  • Jul 29, 2011 1:47am Jul 29, 2011 1:47am
http://www.youtube.com/watch?v=LCohxnhVKe8
  • #659
  • Jul 29, 2011 1:56am Jul 29, 2011 1:56am
http://www.youtube.com/watch?v=GFx_ANVScu8
  • #660
  • Jul 29, 2011 4:25am Jul 29, 2011 4:25am
HI all --

I have a SIX PAIR hedge on at present... it's been running for 25 hours and has yet to be in profit (nearest to B/E so far is -40pips)... I went LONG in USD basket and SHORT in JPY basket. If I went the other way I would have been +200pips at one point.

So, is there a way to identify which way to take the trade at entry? eg. which pair basket to go long or short on?

I guess if I got another ZERO+3 entry signal on the dashboard I could take the reverse trades (Short,Long if my first baskets were Long,Short) which would hedge my hedge and hold the drawdown at its current level.

Does anyone have any tips on this?

Many thanks
R
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