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  • #121
  • Dec 20, 2017 6:09am Dec 20, 2017 6:09am
Quoting braintheboss
{quote} I think is not much relevant what TS you will use. Anyway in your TE you dont open all TS pairs at same time ( you use pending orders ) but in your last posts you talked about open all pairs in one TS at same time. Personally I like more not open all pairs at same time but I think you should limit how long a pending trade is waiting because you have GBPAUD 2 days without open creating an unbalanced TS and breaking the main rule about TS need always 3 pairs working
Assume time of entry is planned to be +10 GMT

All orders should be placed (not necessarily triggered) within 15 minutes of GMT+10 from 1st to last entry or as close as humanly possible.

This means that at market orders will hit the market first and be recorded at similar times.

Pending orders will trigger in the market at some later time.

However, the pending orders will also be placed in the initial stages but may not trigger in the market at the same time.

This is perfectly ok and completely as expected.

Pending order cancellation is at the discretion of the trader unless someone can show me that a closure within a certain time offers a benefit.

However, if the trader is ok with cancelling the order after say 1 hour or 4 hours or 1 day then that is ok ... it is their choice !

You are correct about an unbalanced TS of which GA is a member.
Attached Image

However, had I placed an at market trade on GA the result would have been a quick -1% but that's playing with hindsight of course and at the time of planned entry no-one was to know.

I'm allowing some degree of flexibility to the approach at this stage unless it is seen to be clearly negative to results.

Risk management I am not flexible whatsoever.

Trader has the choice to apply only at market orders, only pending orders, or a combination as dictated too by where price sits within the MML Grid.

Each approach has its advantages and also disadvantages.

So I leave it to the trader to make the choice, as it should be in this case.

Masterrmind..............
Master your Mind then Master your Trades
  • #122
  • Dec 20, 2017 6:12am Dec 20, 2017 6:12am
The TS Order 3 has now been in action for a few days so I plan to close out the 2 trades currently running and cancel the GA pending order.

My decision is based on time in trades, net gain so far and potential for further gain from the remaining trades.

Masterrmind...........
Master your Mind then Master your Trades
  • #123
  • Dec 20, 2017 6:14am Dec 20, 2017 6:14am
Quoting Masterrmind
The TS Order 3 has now been in action for a few days so I plan to close out the 2 trades currently running and cancel the GA pending order. My decision is based on time in trades, net gain so far and potential for further gain from the remaining trades. Masterrmind...........
GA pending order is the first one to be deleted.

Masterrmind............
Master your Mind then Master your Trades
  • #124
  • Dec 20, 2017 6:20am Dec 20, 2017 6:20am
AUDCAD

Closed out prior to TP

+0.9%
Attached Image (click to enlarge)
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Masterrmind............
Master your Mind then Master your Trades
  • #125
  • Dec 20, 2017 6:23am Dec 20, 2017 6:23am
GBPCAD

Closed out prior to TP

+1.0%
Attached Image (click to enlarge)
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Masterrmind.............
Master your Mind then Master your Trades
  • #126
  • Dec 20, 2017 6:36am Dec 20, 2017 6:36am
Now that all trades are closed out including the pending order lets see how we did.

Trade Analysis coming up in the next post.

Masterrmind.............
Master your Mind then Master your Trades
  • #127
  • Dec 20, 2017 6:57am Dec 20, 2017 6:57am
Triangulated Set Order 3 -Scenario #1

Scenario 1 (S1)
TS 1 = AUDNZD + AUDJPY = NZDJPY
TS 2 = EURUSD + GBPUSD = EURGBP
TS 3 = AUDCAD + GBPCAD = GBPAUD

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The first TS Order 3-S1 (as above) made a gain of +11.01% and DD of 2.99%.

Won 5/8 trades (1 pending order not triggered) which represents a strike rate of 62%.

2 trades were closed out net positive prior to TP level being hit.

Masterrmind.............
Master your Mind then Master your Trades
  • #128
  • Dec 20, 2017 7:29am Dec 20, 2017 7:29am
Quoting Masterrmind
{quote} Assume time of entry is planned to be +10 GMT All orders should be placed (not necessarily triggered) within 15 minutes of GMT+10 from 1st to last entry or as close as humanly possible. This means that at market orders will hit the market first and be recorded at similar times. Pending orders will trigger in the market at some later time. However, the pending orders will also be placed in the initial stages but may not trigger in the market at the same time. This is perfectly ok and completely as expected. Pending order cancellation is at...
hi mastermind can you give us the setup for mml 1hr .
i need the inputs for the 1hr tf of mml indi.
tnx
  • #129
  • Dec 20, 2017 7:43am Dec 20, 2017 7:43am
Quoting Masterrmind
Triangulated Set Order 3 -Scenario #1 Scenario 1 (S1) TS 1 = AUDNZD + AUDJPY = NZDJPY TS 2 = EURUSD + GBPUSD = EURGBP TS 3 = AUDCAD + GBPCAD = GBPAUD {image} {image} {image} {image} {image} The first TS Order 3-S1 (as above) made a gain of +11.01% and DD of 2.99%. Won 5/8 trades (1 pending order not triggered) which represents a strike rate of 62%. 2 trades were closed out net positive prior to TP level being hit. Masterrmind.............
Well my friend it looks like 2018 is going to be very interesting to say the least.
  • #130
  • Dec 20, 2017 7:54am Dec 20, 2017 7:54am
Quoting Masterrmind
{quote} Some good points raised here. Yes I'm very big on MM and so I know that part of the method is rock solid. A trader is very likely to have some success even if they trade an almost random approach choosing weird types of TS setups in the MTTTM. I have managed to keep a few key principles very solid. The Money management. The chances of being net profitable by only having very few winning trades is a high probability. Spreading the risk over several trades. Assigning the risk per trade (fixed for the duration of that TS cycle of trades). So...
This is my first post here and I must say I really missed out on answering the puzzles put out by you MM as I just started reading the thread and am not yet through. I will also mention that this method seems tedious in calculating lot sizes, stop losses etc to the general public since a lot of people don't fancy math related topics including ME (pls don't call us LAZY) so I think an indicator to just automate the process would be good as earlier mentioned in the thread.
Now on to the above quoted questions:
Weaknesses:
1. High possibility of one or two pairs in a TS not triggering
Effects --- In a TS Order 1 that means only one pair is active which nullifies the idea and worse if this trade goes to loss thus ruining the idea. Even if it were a win we can't call it a TS trade anymore and can't be included in performance data.
(Using TS orders in place could worsen the problem as it does not guarantee that all sets will be fully engaged. So the more the better doesn't hold here neither does the less the better too).
--- Huge Time lag before a TS gets fully engaged in the market (that is, a pair gets triggered but the remaining two are left pending for hours on end) which might in turn reduce largely the prospects of winning or vice versa as prevailing market conditions could have changed.
2. Randomness in picking the order of pairs to trade (Although we are just in the basic testing phase to prove the methods viability)
Effects --- Although very low likelihood of all three trades losing, the possibility still exists and as traders we want to reduce the possibiilty of loses to the barest minimum. (This affects mainly the TS Order1).

How to choose pairs in a TS that are more likely to lead to profitable trades:
1. Correlation: Inverse Correlation, Direct Correlation
2. Pairs that are already in the Extreme MML Zones after using Correlation to initially choose.
Time frame to trade, M15, H1, H4, D1:

All Time Frames can be traded profitably even M1 depending on MML setiings, SL and TP goals.
My choices/ suggestions though are:
M15 with H1 or H4 MML settings
H1 with H4 MML settings
H4 with D1 MML settings
D1 with W1 MML settings.

Successful techniques that can be applied over the longer term to strengthen the method:
1. Restriction to only to only the bottom and top four MML levels using the H1 MML settings as usual: The idea behind this sugesstion is that since the MML lines depict our own S&R, I think we should trade only the stronger set of S&R. This will not significantly reduce the number of trades since we have over 28, 56 pairs including Metals.
2. Use H4 MML settings on the M15 charts to give stronger levels. Sometimes H1 and H4 extreme levels do align and it will be to our advantage also.
3. Only take trades that are already at our predefined levels - No pending orders to remove the weaknesses mentioned above. (We can always wait to see all levels reached).
Etc, etc, etc. Wao, its really really exhausting to type. I doff my hat to you MM for your postings. I wonder how you do it.
regards All,
Rapzy
Would love to continue reading the thread from where I stopped but am tired.
  • #131
  • Dec 20, 2017 7:56am Dec 20, 2017 7:56am
Quoting OAPDave
{quote} Well my friend it looks like 2018 is going to be very interesting to say the least.
Yes my friend , indeed it might be.

This is my 'intraday' type approach to the MML.

However, the MTTTM method draws on minimizing the risk, forcing reward to risk and spreading the risk over several pairs.

A novel approach in my opinion but very effective.

Lets see what 2018 brings for the MTTTM.

With xmas just around the corner I'm not sure that another TS setup is the best idea (might have to wait until early 2018 ... hmmm).

ps. D1 Quad-MML will also start off again in early 2018.

Masterrmind..............
Master your Mind then Master your Trades
  • #132
  • Dec 20, 2017 8:02am Dec 20, 2017 8:02am
Quoting hibra68
{quote} hi mastermind can you give us the setup for mml 1hr . i need the inputs for the 1hr tf of mml indi. tnx

All in good time but at this stage the focus should be purely on the M15 template.

Traders need to convince me they can outline TS setups in advance of the fact and follow the trades through to completion.

Very much like the way I have done.

Practice makes perfect ... or in FX retail trading hopefully it makes you just that little bit more consistent.

Masterrmind...........
Master your Mind then Master your Trades
  • #133
  • Dec 20, 2017 8:25am Dec 20, 2017 8:25am
Quoting RapzyFX
{quote} This is my first post here and I must say I really missed out on answering the puzzles put out by you MM as I just started reading the thread and am not yet through. I will also mention that this method seems tedious in calculating lot sizes, stop losses etc to the general public since a lot of people don't fancy math related topics including ME (pls don't call us LAZY) so I think an indicator to just automate the process would be good as earlier mentioned in the thread. Now on to the above quoted questions: Weaknesses: 1. High possibility...
All traders should be able to determine the correct lot sizes in a manual approach otherwise they do not understand enough about risk in trading.

In any case an indicator is being coded in the background and once completed it will be uploaded to the thread for the lazy traders.

Pending orders do have the potentially negative effect of not providing the risk offset for which they were designed in a triangulated setup.

However, until I see some very convincing evidence that this pending order approach is detrimental to performance then they will remain.

TS Order 1 setups should only be traded in very small accounts in my opinion so that smaller accounts can build up equity without creating too many margin issues. Then once the account is large enough, look at trading TS Order 3 as that is the bread winner.

In terms of correlation a trade needs to realize that 2 different pairs do not retain identical correlation patterns over time, indeed they tend to oscillate, this occurs across many different time frames.


" All Time Frames can be traded profitably even M1 depending on MML setiings, SL and TP goals.
My choices/ suggestions though are:
M15 with H1 or H4 MML settings
H1 with H4 MML settings
H4 with D1 MML settings
D1 with W1 MML settings. "

Would you care to elaborate further on this information, what are the settings for H1, H4, D1 and W1 ?

The S&R comments you made regarding H1 and H4 are interesting but why not ust jump straight to a monthly for the S&R.

I'd tend to leave this to the trader too.

With my approach to the MTTTM Strategy I am more concerned with trading within the ranges of the MML Grid (M15 at this stage) by applying strict risk management.

When the time comes to trade the higher TFs (with their own settings) a similar risk management approach will be applied... 4 to 1 solid as a rock.

Thank you for your comments.

Masterrmind.............
Master your Mind then Master your Trades
  • #134
  • Dec 20, 2017 8:33am Dec 20, 2017 8:33am
Quoting AndyU
I'm not sure about pending orders (which may not trigger and void TS). Maybe it would be better to just enter at market all pairs at the same time. MML probably is useful only for seeing overextended pairs that might reverse, other good methods to find overextension would be to use e.g pivots or oscillators on HTF. What are your thoughts about this Masterrmind?
Pending orders at this stage will be left to the traders discretion.

Nothing wrong with gaining additional information from HTFs.

Anything to do with lagging oscillators is banned from this thread (I will update Post 1 to reflect this).

The MTTTM template should be traded as is posted with no additional indicators added unless they are informative.

MAs, MACD, RSI and that horrible stochastics must not be posted here.

The MTTTM Method trades within the boundaries of the MML Grid as created by the appropriate template for the applicable TF.

That is to say, an M15 template to trade on an M15 chart.

Other tpls for other TFs in due course.

Masterrmind............
Master your Mind then Master your Trades
  • #135
  • Dec 20, 2017 8:34am Dec 20, 2017 8:34am
Quoting hibra68
{quote} I think this is basically random trading. so if you have almost 0 chance of losing all 27 trades you also have 0 chance of winning all 27. Which means if you lose 6 trades in a row you could win 6 in a row. there is no edge. The best thing about this system is 4 to 1 rr. I used mm lines for direction and 4 to 1 rr tp and it worked better than random ts.
I think you are very wrong on this but I also understand your thinking which I believe is as a result of this testing phase where we just pick pairs to trade randomly but its still not completely random. There is a process even in this testing phase. Read post one again. The first thing you should note is that you must have two same Base?Quote currencies in any pair. This alone puts you to work in deciding which to pick and eliminates a huge percentage of randomness at least in choosing pairs. Other elements of randomness would be totally gone when we go live.

I wanted to add this as a flaw when I posted about the possible weaknesses in the method but cancelled it because it is NOT a system weakness so to say but a traders responsibility towards due diligence. Selecting pairs more intelligently.
Trading in general when not planned out becomes random which is seen as gambling. There is a very thin line between trading and gambling as there is also in other spheres of life. Add randomness to anything and it becomes a gamble but THIS is NOT.
Also if you understand this MTTM concept well you will know that you can't lose Three trades in a Row talk Less of Six even in this seemingly random looking testing phase.
Cheers.
  • #136
  • Dec 20, 2017 8:42am Dec 20, 2017 8:42am
Masterrmind, when you're going to trade new TS?
  • #137
  • Dec 20, 2017 8:56am Dec 20, 2017 8:56am
Quoting AndyU
Masterrmind, when you're going to trade new TS?
Considering that xmas is very nearby I was almost going to put it off until a few weeks inside January.

However, if you or someone else posts a number from 2 to 8 then I'll trade one tomorrow (although its not going to be that nice if the market dries up)

The number 2 to 8 simply is a reference number to the 8 scenarios I posted regarding the current TS Order 3 I have been trading.

I will say though that the trades will most likely all be closed out good or bad no later than Friday.

Masterrmind..............
Master your Mind then Master your Trades
  • #138
  • Dec 20, 2017 9:00am Dec 20, 2017 9:00am
Anyway I'm off to rest.

Have a wonderful day traders.

Good trading,

Masterrmind..............
Master your Mind then Master your Trades
  • #139
  • Dec 20, 2017 9:01am Dec 20, 2017 9:01am
Quoting Masterrmind
{quote} Considering that xmas is very nearby I was almost going to put it off until a few weeks inside January. However, if you or someone else posts a number from 2 to 8 then I'll trade one tomorrow (although its not going to be that nice if the market dries up) The number 2 to 8 simply is a reference number to the 8 scenarios I posted regarding the current TS Order 3 I have been trading. I will say though that the trades will most likely all be closed out good or bad no later than Friday. Masterrmind..............
5th scenario
  • #140
  • Dec 20, 2017 9:07am Dec 20, 2017 9:07am
Quoting Masterrmind
{quote} All traders should be able to determine the correct lot sizes in a manual approach otherwise they do not understand enough about risk in trading. In any case an indicator is being coded in the background and once completed it will be uploaded to the thread for the lazy traders. Pending orders do have the potentially negative effect of not providing the risk offset for which they were designed in a triangulated setup. However, until I see some very convincing evidence that this pending order approach is detrimental to performance then they...
I was referring to the quiz on lot sizes and sl you posted where only one person attempted and not that traders won't like to make those calculations to trade. If you must trade this then calculating lot sizes and sl is a must ofcourse.
What I meant concerning MML settings for H1,H4 etc was:
Normal H1 settings - P=64, MMP=60 but this should be used in the M15 TF; Normal H4 settings - MMP = 240 but applied to M15 or H1 TF
I think this will draw the HTF lines on the lower TF which will give stronger rejection areas.

I think using MN1 MML lines as S&R will be too wide.
All these and previous posts are just thoughts.
Cheers.
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