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Attachments: Pitbull Trader with Position Building
Exit Attachments

Pitbull Trader with Position Building

i meant " who cares " about the nature of the basket and the pairs, unless they are almost hedged ...

demo demo demo .
ok got you.
Hi Chips,

Excellent work. Thanks very much for your contribution . Currently USD/JPY is in uptrend. Do you think its time to swap buy and sell group?

I think we need to update the system according to current economic conditions.
HI

anyone trading with this system ?
i m having good results , 5 to 7 % weekly , i only add with same lot size to the best winning trade , and break even at 30 - 40 pips .

i close the most negative with the best 1or 2 positive and always keep the basket hedged, i mean 6 pairs continuosly opened .
I use only 6 pairs

buy eu
sell eg
sell gu
sell au
buy aj
sell uj

that helps me to better control the basket , and also because the spread fot these pairs is 2-3-4 pips , other pairs have 7-8-9 pips .

Let me know if you are doing fine ........
Quoting tarrini65
HI anyone trading with this system ? i m having good results , 5 to 7 % weekly , i only add with same lot size to the best winning trade , and break even at 30 - 40 pips . i close the most negative with the best 1or 2 positive and always keep the basket hedged, i mean 6 pairs continuosly opened . I use only 6 pairs buy eu sell eg sell gu sell au buy aj sell uj that helps me to better control the basket , and also because the spread fot these pairs is 2-3-4 pips , other pairs have 7-8-9 pips . Let me know if you are doing fine ........

Glad it's working for you tarrini. After you add to the best performing pair, what do you do if it turns against you before you can BE the trade. When do you decide to hedge it and with which pair?
Quoting tarrini65
HI anyone trading with this system ? i m having good results , 5 to 7 % weekly , i only add with same lot size to the best winning trade , and break even at 30 - 40 pips . i close the most negative with the best 1or 2 positive and always keep the basket hedged, i mean 6 pairs continuosly opened . I use only 6 pairs buy eu sell eg sell gu sell au buy aj sell uj that helps me to better control the basket , and also because the spread fot these pairs is 2-3-4 pips , other pairs have 7-8-9 pips . Let me know if you are doing fine ........
Yes, please Tarrini, could you explain exactly your entries and exits rules? I´m really interested.

Thank you very much.

Regards
Is there any"" advantage/statistical edge"" in "position building" over "sticking with initial entry"?
Quoting PiptheRipper
{quote} Glad it's working for you tarrini. After you add to the best performing pair, what do you do if it turns against you before you can BE the trade. When do you decide to hedge it and with which pair?
well, before adding i breakeven the best performing one , so in case it turns i have only the added one .
I add again to the best performimg pair , same rule .
There is a trick to avoid many breakeven close in choppy market , ( this causes drawdown to grow) .
If you look a the pitbull indicator you can understand the start of a trend when the anchor change position, i mean , when the most negative becomes the second most negative and the second become the worst that can be a sign of a trend starting or turning.
So you can decide to add positions following this rule , another trick is to let positions grow, and always close the most negative with the most positive(s), and replacing the missing trades in the basket .
I like also to know your point of view, i am sorry that this thread has stopped
Quoting tm9
Is there any"" advantage/statistical edge"" in "position building" over "sticking with initial entry"?

i focus mostly on the exit from a trade , because if a entry is wrong there will be another pair going in green , but the way to manage drawdown is to close the most negative , so there is an edge from exit , not on the entry
Quoting tarrini65
{quote} i focus mostly on the exit from a trade , because if a entry is wrong there will be another pair going in green , but the way to manage drawdown is to close the most negative , so there is an edge from exit , not on the entry

So u mean to say,"u diversify your portfolio with multiple pairs." Right?
I think ,,if the long term exit strategy is profitable then "position building on little timeframes" is GREAT!
Quoting tm9
{quote} So u mean to say,"u diversify your portfolio with multiple pairs." Right? I think ,,if the long term exit strategy is profitable then "position building on little timeframes" is GREAT!
well, the story is longer , just read the thread from the start ...:-)
Quoting tarrini65
{quote} well, before adding i breakeven the best performing one , so in case it turns i have only the added one . I add again to the best performimg pair , same rule . There is a trick to avoid many breakeven close in choppy market , ( this causes drawdown to grow) . If you look a the pitbull indicator you can understand the start of a trend when the anchor change position, i mean , when the most negative becomes the second most negative and the second become the worst that can be a sign of a trend starting or turning. So you can decide to add positions...
Thanx for the explanation. My issue was always adding too many pairs too quickly and ending up with a growing drawdown and eventually a mental breakdown. lol. I did like the idea of the method and do think it's possible to make a consistent return with it. I like your idea of closing negative pairs and BE trades. That will help with my problem of having too many trades on. I think I'll test it on my tester some time over the weekend and also demo it over the next few weeks.
I think I'll test it on my tester some time over the weekend and also demo it over the next few weeks.[/quote]that rings a bell...do you have a tester to simulate this multpair stategy ?
Quoting tarrini65
I think I'll test it on my tester some time over the weekend and also demo it over the next few weeks.
that rings a bell...do you have a tester to simulate this multpair stategy ?[/quote]Yes, I use forex tester for all my testing
please give me more details
Quoting tarrini65
please give me more details
http://www.forextester.com/

It's basically like a metatrader interface and you can trade the history with multiple pairs simultaneously.
Quoting tarrini65
HI anyone trading with this system ? i m having good results , 5 to 7 % weekly , i only add with same lot size to the best winning trade , and break even at 30 - 40 pips . i close the most negative with the best 1or 2 positive and always keep the basket hedged, i mean 6 pairs continuosly opened . I use only 6 pairs buy eu sell eg sell gu sell au buy aj sell uj that helps me to better control the basket , and also because the spread fot these pairs is 2-3-4 pips , other pairs have 7-8-9 pips . Let me know if you are doing fine ........
Hi
Could you clarify your basket. you wrote 2 BUYS and 4 SELLS? Correct? Thanks

EU BUY
AJ BUY

EG SELL
GU SELL
AU SELL
UJ SELL
yes, basically they are 2 currency rings , so it's a double 3 pairs hedging .
does not matter how many buys and sells , unless it's a hedge ...
how it is going courtneywild?

after a year of pitbull are you having good results?
Quoting tarrini65
yes, basically they are 2 currency rings , so it's a double 3 pairs hedging . does not matter how many buys and sells , unless it's a hedge ... how it is going courtneywild? after a year of pitbull are you having good results?
Been away from this for a good while just retuning to it now. So it'll be interesting to see how much I have retained!
Good to see your back Courtney

Shame the thread got trashed, but hey ho..

Interesting that several basket threads are floating around, some are looking for.... the fastest moving pair...

Not exactly pitbull, but the end result is the same, they also use hedged pairs etc and no stops,, funny how those threads dont get trashed , lol

Be good to get some action back on this thread and bounce some ideas, any news from chips??

M.
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