Pit bull trading strategy by brijon | Page 21 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

AUDUSD Trading Pit 425 replies

If previous bar=bull/bull then 2 replies

Pit Traders - How Do We Classify Their Trading Style? 6 replies

M Schwartz: Pit Bull ebook - How can I get it? 13 replies

Attachments: Pit bull trading strategy by brijon
Exit Attachments

Pit bull trading strategy by brijon

  • #401
  • Nov 15, 2011 6:12am Nov 15, 2011 6:12am
THE ONLY EMAILS I WILL ANSWER IS FROM PERSONAL FRIENDS OR ON MY BUDDYS LIST NO EXEMPTIONS OR TO JOIN MY SKYPE GROUPS

i get lots every day of emalils skype request iff you want attention
put the effort in there is no free lunches

post and share your results as the honest performerSs are doing on the

PIT BULL TRADER BACK SEAT DRIVERS WILL REMAIN BACK SEAT

FAR BACK FROM MY ATTENTION


rude disrespectful posters will be blocked , i have no time to waste on bludgers blood suckers and the thread destroyers

SO ITS EASY WORK SHARE BETWEEN EACH OTHER HONEST SINCERE TRADERS OR MOVE TO ANOTHER THREAD

THERE IS NO FREE LUNCH OR PLEADING WITH ME VIA EMAIL I WONT RESPOND

PUT THE WORK IN PRINTING MONEY IS EASY IF YOU CANT DO IT BY NOW
FORGET IT

drawdown control is just as easy just needs practice and TO THINK
IF YOU DONT PRACTICE YOU WONT LEARN

IT IS ALL IN HERE AND MY OTHER OLD THREADS

DRAWDOWN CONTROL IS AS EASY AS PRINTING MONEY

BUT YOU HAVE TO WORK ALL IS THERE IS IN IN MY VIDEOS AND THREADS

if you cant understand my threads or writting you have a problem not me

I SPENT THOUSANDS OF HOURS MAKING VIDEOS THREADS WITH INFORMATION

NOT TO REPEAT IT A THOUSAND TIMES OVER

THE TRADERS WHO UNDERSTAND IT HAVE FOLLOWED MY THREADS FOR YEARS THEY DID IT THE HARD WAY

AND DESERVE ALL THAT THEY GET

my attention full attention if they want full access to me they have it

emails skype full one one one attention

but the sucess full guys know who they are


there is no free lunches


from BRIAN
  • #402
  • Nov 15, 2011 6:26am Nov 15, 2011 6:26am
Hey guys,
First, i don't want to clutter the thread with talks about adding some fancy indicators to this nice strategy
but i am playing around with Hanover's Recent Strength indi at the moment and i think this could add an extra edge to this strategy.
What if we open our basket, let it soak a little bit till the the pairs are in position
and then look at Hanover's Recent Strength Indi. The strongest / weakest currency pair should be in the lowest position at that time in our basket.
Now in Hanover's Indi we look for a positive and a negative slope of the pair in the lowest slot. If the slope of the strong currency is going up and
the slope of the weak currency is falling we start taking our profits just like brian does and open new orders like brian does
until the slope directions of the two currencies of the traded pair change. When the slope directions change we simply leave the last opened trade
open to rebalance our basket. Now we wait for the next currency pair to move in the lowest position of our basket, check the slopes of
the currencies of that pair and start over. Rinse and repeat..
I have no idea if this leads to some improvement of brians strategy but i think this way we can see if there is an equilibrium change / or trend change
in the pair we are currently trading, and we are able to stop taking profits with that pair and change the traded pair,
before our trades start to increase the DD.
I am at work now, but will try this when i get home tonight. Will post some screenshots later.
What do you think ?
regards,
tex
  • #403
  • Nov 15, 2011 6:45am Nov 15, 2011 6:45am
Quoting moodybot
This mornings results

Couple of hours yesterday and today

I left the account to soak most of yesterday after a great mornings trading, late last night the dd reached a high level, was i bothered, no, why?

First of all, yep, its on demo..., but from previous experience with brians ideas I know the loss profit loss cycle will bring the dd back to a usable level.

It did, I also hedged the higher runaways to prevent further dd, this morning as always the cycle had reduced the dd and after a few trades I closed the basket in profit.

Ive decided...
M can you explain your TP and increase lots criteria. I´m heaving troubles with this issue so far.

Thank´s
Suba
  • #404
  • Nov 15, 2011 7:12am Nov 15, 2011 7:12am
Quoting indy360
Excellent results.

Can I ask, are you just taking one extra trade at 0.04 lots at a time and then not taking any more until you have closed that one for a profit as apposed to taking a 0.04 trade every time you see a 0.01 (initial trade) go into profit.

If this is the case then I am over trading the system by taking too many extra trades.

Thanks.
I have been doing a set it and forget type of trading
I set up the 10 pairs
wait an hour or 2 then the three at the bottom I place a .04 lot trade
wait an hour or so then close them out as well as the original .01 lot
then reopen the .01 lot.

Ex. Sell NJ EJ AJ are at the bottom. I open a sell .04 for each
wait for awhile, then close those out plus the .01 NJ EJ AJ then reopen .01 NJ EJ AJ

Hope that explains it
  • #405
  • Nov 15, 2011 7:23am Nov 15, 2011 7:23am
It Does, thanks very much.

I will give this a try. I have been opening the .04 lot when the .01 is in profit but i have been closing the .01 straight away. If there is another .01 in profit i have been doing the same with that trade as well.

I think i have also been too quick in closing the extra trades, sometimes just for a couple of pips.

I will update later
  • #406
  • Edited 8:45am Nov 15, 2011 7:32am | Edited 8:45am
I am up $245 (banked) using the smallest of lots (.01, .04 maybe an .05 and I've not taken one loss). Now, $245 doesn't sound like much, but keep in mind I can't use same currency pair hedging and am stymied by FIFO rules (I am US-based), but that is 3.5% in 2 days!!! I have left this running (non stop) and with DD my initial account equity is still preserved (not touched!). Brijon's right, one needs to practice. I believe the concept is SOUND. I started out a little upside down not realizing there was a major retracement on the USD pairs during Asian opening and did not change bias, so that accounts for the majority of my DD right now. But it was the very first time using this strategy. However, I feel good knowing I am still on the CORRECT side of the bias on these pairs and they will come back, in fact, they are now as I'm typing this. In the interim, I am capitalizing on money flows on the JPY pairs. It truly is a bit of a balancing act / art form. I have not yet had a chance to study Brijon's other threads, but they are que'd up and ready for study this entire weekend. And the best part of this? This strategy is sharpening my trading skills. I am becoming a better trader. Never thought I could monitor more than 1 or 2 pairs at the most successfully. I was a Yorkshire Terrier, I am now becomiing a PIT BULL!

Thank you Brijon, Dreamliner, and all who have put in excellent posts & time on this amazing strategy.
Attached Image (click to enlarge)
Click to Enlarge Name: open trades.gif Size: 92 KB
  • #407
  • Nov 15, 2011 7:44am Nov 15, 2011 7:44am
Here is a currency strength indi that might be helpful Blue is USD Red JPY
Attached Image (click to enlarge)
Click to Enlarge Name: bj.gif Size: 9 KB
Attached File(s)
File Type: mq4 MIndex_v1_1.mq4   2 KB | 459 downloads
  • #408
  • Nov 15, 2011 7:52am Nov 15, 2011 7:52am
Quoting dryclean
I have been doing a set it and forget type of trading
I set up the 10 pairs
wait an hour or 2 then the three at the bottom I place a .04 lot trade
wait an hour or so then close them out as well as the original .01 lot
then reopen the .01 lot.

Ex. Sell NJ EJ AJ are at the bottom. I open a sell .04 for each
wait for awhile, then close those out plus the .01 NJ EJ AJ then reopen .01 NJ EJ AJ

Hope that explains it
But if after you place your 0.04 trades and trend changes, will it not increase your DD to high?
  • #409
  • Nov 15, 2011 8:06am Nov 15, 2011 8:06am
Quoting kijkij
But if after you place your 0.04 trades and trend changes, will it not increase your DD to high?
I could but the whole reason I placed the trade was the pitbull indi( the 10 pairs) says that this was a good trade. I also take a look at the pair to see if it is going the correct way. JPY pairs have been weak since the market opened Sun night. Any sell on them will rain pips right now
Dollar has been climbing I have opened a few trades opposite the top of the ten. For example Buy NU is way down so I placed a sell on it.

Hey I have only started this Sunday. .... Doing ok but yea you can get killed if on the wrong side. That is where controlling DD counts. I am not an expert on that but learning
  • #410
  • Nov 15, 2011 8:10am Nov 15, 2011 8:10am
Bonjour ŕ tous,

Before all, a big "MERCI BEAUCOUP" to brijon !

I work hard in order to learn controlling my DD, I mean that I stay ONLY focused on the basics explained in the Dreamliner PDF2.

One more newbie question using strictly your method.

Because we are allowed to hedge with FXCM in Europe, can I set another type of currencies basket like this :

LONG : EURUSD-GBPUSD-USDCHF-USDJPY
SHORT EURUSD-GBPUSD-USDCHF-USDJPY

Am I right or did I miss something in my understanding of your method ?

Merci de votre attention

Angel
  • #411
  • Nov 15, 2011 8:31am Nov 15, 2011 8:31am
Quoting dryclean
Here is a currency strength indi that might be helpful Blue is USD Red JPY
THANK YOU, Dryclean...Excellent indi!
  • #412
  • Nov 15, 2011 8:33am Nov 15, 2011 8:33am
Quoting Mad.Hatter
I've never posted on this forum but this strategy has me intrigued to say the least. I'm going to try demoing it this week and see how it goes. So thank you everyone for your hard work and helping me understand how this system works.

I've added 2 attachments they are modified Trader101 hedging scripts. They will open all your hedge pairs according to Brians hedge pairs on the first page.

These files go into your metatrader experts/scripts folder

(ex: C:/program files (x86)/metatrader/experts/scripts)

[u][i][b]NOTE!!! DO NOT PUT THESE...

Hi Mad.Hater,

I am placing the scripts on the chart but nothing is going on.....are they working ? has anyone else used them successfully?

Thank you
  • #413
  • Nov 15, 2011 8:52am Nov 15, 2011 8:52am
Hey Ann,

I am aware that trend bias is key to managing drawdown.

You say

"However, I feel good knowing I am still on the CORRECT side of the bias on these pairs and they will come back, in fact, they are now as I'm typing this. In the interim, I am capitalizing on money flows on the JPY pairs. It truly is a bit of a balancing act / art form."

I notice from your screenshot that you have a heavy bias to the "buy" side. How do you navigate with the Pit Bull "indicator" to confirm that you are on the correct side of the bias?

You are spectacular!
Jon
  • #414
  • Nov 15, 2011 9:24am Nov 15, 2011 9:24am
What's the best course of action when one of your larger orders shoots to the top of the order book in heavy drawdown?

Wait for it to come back and continue normally ?
  • #415
  • Edited 10:06am Nov 15, 2011 9:38am | Edited 10:06am
Quoting 4xPIPAHOLIC
Hi Mad.Hater,

I am placing the scripts on the chart but nothing is going on.....are they working ? has anyone else used them successfully?

Thank you
Try this one, and place it in script folder. Also find attached Account Equity indicator, less cpu usage then the old version.
Attached File(s)
File Type: mq4 pitBullScript.mq4   2 KB | 453 downloads
File Type: mq4 Account Equity Analyzer v2.mq4   11 KB | 428 downloads
  • #416
  • Nov 15, 2011 10:18am Nov 15, 2011 10:18am
Quoting altoronto
Try this one, and place it in script folder. Also find attached Account Equity indicator, less cpu usage then the old version.
Thanks a lot altoronto !!! I will try it out.
  • #417
  • Nov 15, 2011 10:19am Nov 15, 2011 10:19am
Here is a script file that will open the 10 files

The nice thing is If you close out some .04 and some .01 pairs and run ptibull it will only open the missing .01 pairs
Attached File(s)
File Type: mq4 PitBull.mq4   5 KB | 556 downloads
  • #418
  • Nov 15, 2011 10:31am Nov 15, 2011 10:31am
Quoting dryclean
Here is a script file that will open the 10 files

The nice thing is If you close out some .04 and some .01 pairs and run ptibull it will only open the missing .01 pairs
Nice smart option! I like that!

Thanks dryclean!
  • #419
  • Nov 15, 2011 10:35am Nov 15, 2011 10:35am
Quoting dryclean
Here is a script file that will open the 10 files

The nice thing is If you close out some .04 and some .01 pairs and run ptibull it will only open the missing .01 pairs
Cool. Dryclean, as far as I remembered on one of the Brijon's old thread you posted EA which will open 6 pairs buy/sell and basically it's doing same thing. Only needs to change to open 0.4 lot size after initial 0.1, am I right?
  • #420
  • Edited 11:41am Nov 15, 2011 11:27am | Edited 11:41am
I've been playing with this method a little, and I want to throw something out there.

When things go as planned, it's all good. Take the bottom trade out, place a bigger one and then watch the money rolling in. The nice part is the smaller "hedge" trade pays for the spread of the bigger one. OK, so it's all good. Ah, I almost forgot. I think the way to go is to only have ONE bigger trade at a time. I could be wrong, somebody correct me.... The reason for that is because of the downside of that trade going into a draw down right away. We don't know that when we put in the trade, right? So if we continue to add bigger trades and we are hitting a trend change, then more trouble is coming....

So now we have 9 small trades and 1 larger one. The larger one can even shoot at the top as the biggest loser (in case our beloved pair just decided to retrace). I think that's fine AS LONG AS the grid is still split correctly (buys on one side, shorts on the other) and they support the direction of our larger trade.

So what do you do if things start to get messed up? Sells start mixing with buys and our trade sits there at the top? We hold it until the split on the grid doesn't support it anymore. When that happens, we close it at a loss, open a small trade the same direction in order to balance the "hedge", and then we go open the bottom one, which will be in the opposite direction now, and we start the process again.

Oh, when all is good we follow the take profit procedure that was presented by Biran.

I don't know.... Comments?

Edit: Just thinking. If we have to close the trade at a loss would it make sense to also close some trades that are in profit to soften the blow, and the re-open them to maintain the "hedge"?
0 traders viewing now