M TTT M

Yes it makes good sense to match up the bars with the weekly.

Other alternatives on different TF's are also likely to be possible.

Masterrmind............

I will be trading the next Scenario in the TS Order 3 setup tomorrow.

Keep a watch on the thread as this setup may be traded at any time.

Remember I have traded only 2 Scenarios of the TS Order 3 and there are 8 in total so I have 5 more to complete after this next one finishes.

Triangulated Set Order 3 Scenarios (combinations)

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

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

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

Scenario 4
TS 1 = AUDNZD + AUDJPY = NZDJPY
TS 2 = EURUSD + GBPUSD = EURGBP
TS 3 = AUDCAD + GBPCAD = GBPAUD

Scenario 5 (traded)
TS 1 = AUDNZD + AUDJPY = NZDJPY
TS 2 = EURUSD + GBPUSD = EURGBP
TS 3 = AUDCAD + GBPCAD = GBPAUD

Scenario 6
TS 1 = AUDNZD + AUDJPY = NZDJPY
TS 2 = EURUSD + GBPUSD = EURGBP
TS 3 = AUDCAD + GBPCAD = GBPAUD

Scenario 7
TS 1 = AUDNZD + AUDJPY = NZDJPY
TS 2 = EURUSD + GBPUSD = EURGBP
TS 3 = AUDCAD + GBPCAD = GBPAUD

Scenario 8
TS 1 = AUDNZD + AUDJPY = NZDJPY
TS 2 = EURUSD + GBPUSD = EURGBP
TS 3 = AUDCAD + GBPCAD = GBPAUD

Masterrmind...........

TS Order 3 (M15 TF)

Please refer to Post #222 for the Scenario numbering sequence.
Completed Scenarios so far are Scenario 1 and Scenario 5.

Third TS cycle to be traded will be as follows:

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

Basic steps:

1. Open all the pairs in MT4 on an M15 TF Chart;
2. Apply the M15 template to all pairs to be traded in the TS Order setup (TS Order 1,3,5,7 etc);
3. Make sure the MML Settings (top left of screen) show P=64, MMP=60 and StepBack=0 (if not modify them);
4. Open up the settings of the Lot_Size-MTTTM indicator and enter the Octave Gap as shown in the MML settings;
5. Enter your choice of values for the Variables "Multiplier (of the Octave Gap)" and "RiskPerTrade (%)";

6. Change the settings of the other Variables as per your liking then click 'Ok' and then 'close' the indicators window;
7. Double check the printed information at top center of chart for SL, multiplier, %Risk, Lots and $ to ensure it is correct;

8. Now repeat Steps 1 though 7 for all other pairs or instruments to be traded.

The Lot_Size-MTTTM indicator has an expiry date at the end of this month (if thread participation is ok the expiry will be extended).
A template or indicator refresh will cause an alert window to pop up, simply close it to remove the alert (alerts will occur for all charts).

Masterrmind............

If your planned setup gives the following warning message:

"Lot Size less than Broker allowed .... CHECK YOUR SETTINGS!"

Then you need to re-check your settings (OctaveGap, Multiplier (of the Ocatve Gap) and RiskPerTrade (%) ).

The RiskPerTrade (%) = 0.01 creates the warning since the broker does not offer a small enough lot size (min is 0.01 lots) to meet the conditions.
The required lot size that does meet the conditions in the indicator settings is clearly less than 0.01 lots.

Never rely on indicators, always do a quick check yourself to make sure it all makes sense and that no errors are present.

Indicator is a simple tool, the trader needs to make the final call!

ps. if you find bugs in the indicator let me know and I'll fix them as soon as I have the free time.

Masterrmind............

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

Now go through and mark on each chart either SHORT or LONG.

AUDNZD

AUDJPY

NZDJPY


Similarly for all the other trades in the setup.

This is so that you do not inadvertently enter a pair in a direction opposite to your plan.

Other methods can be applied at your own discretion.

Masterrmind..........

All 9 entries will be made as @market or pending orders (in the case where price is not close to an MML line or other reason such as criteria not met).

For this TS Order 3 the planned entry time will be within 1 hour of London Open.

The next post will show the entries in the trading terminal.

Before entries are made into the market make sure you re-check all the octave gaps of all the planned trades in case they have changed.

I have just changed 3 octave gaps in the Lot_Size-MTTTM indicator settings because the octaves have been reset.

Once trades have been entered let them run, and if the octaves change after entry time then do not be concerned ... let trades run.

Masterrmind...........

Here are the 9 entries for TS Order 3 (S-2)

Check for any mistakes such as incorrect lot sizes applied, incorrect entry direction etc and fix it.

Check that all trades have hard stops applied and TPs are set at 4 to 1.

Masterrmind............

Pending orders can be Buy or Sell stops or limit orders.

The EURGBP entry is a good example showing a Sell Limit order.

Notice how a 4 to 1 would have exceeded the lower extreme MML level at -2/8 MML.

So the correct entry in this case is to place a Sell Limit at the next octave up the chart so that TP coincides with -2/8 MML.

In this method we trade within the confines (boundaries) of the MML Grid and not outside it!

Masterrmind...........

GBPAUD

Loss trade

-1.2%

Masterrmind...........

NZDJPY

Loss trade

-1%

Masterrmind...........

EURGBP

Loss trade

-1.0%

Masterrmind...........

AUDCAD

Loss trade

-1.1%

Masterrmind...........

GBPUSD

Loss trade

-1.0%

Masterrmind...........

GBPCAD

Loss trade

-1.1%

Masterrmind...........

6 losses in a row so far!

3 trades to go, 1 running and 2 pending.

Analysis should be used to find repeating reasons for losses (study the losers very closely and look for repeating events).
On a live account these type setups would want to be minimized wouldn't you think ?

ps. Start looking for common factors in these losing demo test trades and post what you see as reasons for the possible losses!

pps. I'm not going to give you the answers straight away ...

Masterrmind.............

I'm not going to give you the answers straight away ...

Just Octave = 0.003125 on a 15 minutes chart

Envelope 256 Time Unit amplitude is 2 x 0.003125 = 0.0625

Chart does not show a perfect Sinewave - but illustrates the idea

in this case Price Action follows more or less a Sinewave

this explains and shows visually why SRL (Support and Resistance Line) (4/8) properties are Major Support and Resistance / Center of Gravity (within the parameters)

In the first part of the chart you can find better to have an halved scaling where the present (6/8) SRL in red has also the property of being the new (4/8) SRL Center of Gravity within the halved parameters

That is the Sinewave which explains the Halving / Doubling of parameters methodology

As soon as you have determined the "correct" Octave (which fits to you) you just have to halve or double to stay tuned with the Price Action

When you are at the beginning of a new halved or doubled Octave my recommendation is to use both charts, the previous one and the new one because you are in a phase of transition

Exactly...the octaves have plenty to do with it.

Next step is to decide ...

1. How many smaller octave setups fail ? Is it a problem or is it just a small percentage that fail?
2. Is there any relationship between the failing trades having a similar octave gap?
3. So a small octave means what in terms of potential trade outcome ?
4. Is there any advantage to be gained by only trading octaves over a certain distance?
5. Does the trade entry timing play a role ? Notice how I said well in advance that I was going to start the cycle within 1 hour of London Open.
(a) Was this a wise move do you think ?
(b) What usually happens in the Frankfurt session on a very regular basis ?
(c) a small octave means a small stop if 1 to 1 is applied so it means higher chance of the trade getting whipped out of the market for a loss.


The market moves at different rates most of the time in different sessions.
Then there is the over lap in sessions to consider such as Asian-London and London-NY cross-over.

How best to minimize the chances of losing trades.
Recall that all a trader needs to do in this system is to win 2 out of 9 trades provided the 2 hit a 4 to 1 TP.
Certainly in this method we seek a minimum of 2 full TP winners from 9 (in a TS Order 3 having 9 trades) but surely we want more winners.

The idea here is then, not to make the perfect entry and obtain a 100% strike rate.
Rather to be seeking out ways to put the odds on our side by at least getting rid of the known losing type setups.

As these demo trades unfold please consider the rates of success between different speed pairs, octave gaps and their ADR's.

The MTTTM Strategy might appear simple at first but there is plenty under the hood for those traders seeking potentially higher strike rates.

It is my hope that by the time all of the scenarios have been traded (5 more to go) that certain repeating factors common among losing trades stands out as very obvious.

The idea should be to learn from these demo setups before going live otherwise you won't have a clue.

Good trading,

Masterrmind............

a lot of good questions asked by Mastermind

then a lot of research and of work !

one key factor to progress is to use post mortem analysis of trades

where I have failed, why , what should I have done ?

it is very traditional but not bad IMHO

it gives you at least an idea of Speed and Acceleration of the Trend and you can follow the variations within the parameters used ( 8 or 12 Octaves Gap)