M TTT M

EURGBP

Closed out prior to TP.

+0.4%

Assessed as being unlikely to make any significant drive towards the lower TP level any time soon.

Therefore, the pending orders have also been closed out.

This completes TS Order 3-S7.

Basic trade summary will follow.

Then the last TS Order 3-S8 may be traded around or during London Open/session.

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

Summary of TS Order 3-S7 (the seventh setup)

7 trades opened
2 pending orders not triggered

Total setup risk was 9%.
Only 7 trades from 9 triggered and accounting for timing of open trades the realized risk was much lower than the 9% figure.

4 winners @ 3.8%, 4.0%, 3.9% and 0.4%.
3 losers @ -1%, -1% and -1%.

Net Cycle (Gain/Loss) = (3.8+ 4.0 + 3.9 + 0.4)% - (1.0 + 1.0 + 1.0)% = 12.1% - 3.0% = +9.1% (approx).

Another great cycle and the account balance now stands at $11 914.41.

+11.9% gain on the account which is certainly headed in the right direction.

Additional analytics will be presented at month end.

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

TS Order 3-S8

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

This cycle will be fired off in the Asian session but since its the last day of the week and trades are likely to run over the weekend the risk per trade has been reduced to 0.8%.

An alternative is to not trade the cycle today but wait until next week however, I have decided to run it in the hope that the results may generate commentary.

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

TS Order 3-S8 trades have now been placed during the first hour after Tokyo Open either at market or pending.

9 possible entries

Risk per Trade set at 0.8%

Total assumed risk is 7.2% across the account for this Order 3 setup.

If a full cycle loss were to occur the account would still show almost a 10% gain.

SL_$ per Trade = $95
Total assumed risk = 9 possible trades x $95 = $855.

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

NZDJPY

Entry was placed in error at the incorrect level.

Closed out within 2 minutes at BE ($0.00).

Pending Order at correct MML level has been placed and awaits being triggered into the market.

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

EURGBP

Loss trade

-0.8%

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

Current account situation at week end.

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

Hi Masterrmind,

I have spent few hours yesterday to read whole thread. I like the idea and the learning steps that you are providing.
What happend in this week? How did the 8th sewtup performed?
Are you still managing this thread?
If so, than I have here one question.
If you open an order at market price, that this order will not be on any octave, or the propability is very low hit exactly the octave line. Where is that SL and TP. From the open price 1:4 ratio or are the sl and tp than on exact octave lines?
Anyway I'm looking forward to hear from you about the analysis of which setup to take.
If you come back I may have other questions

Hi Alop,

I am currently on vacation throughout the Asian region.

The 8th setup is still running and you can check its progress via TE or myfxbook.

I plan to update all results when I return home about mid March.

It is likely that all current trades including pending orders may complete their journeys without interference or certainly allowed to run as long as a result is possible.

I will continue to manage the thread but only provide worded commentary meaning no screenshots until I return home.

Any order opened at market price must be as close as possible to an MML price line but the trader must ensure that both the SL and the TP based on the 4 to 1 Reward to Risk ratio does not create a breach of either the upper or lower MML extreme levels namely; +2/8 & -2/8 MMLs.

This means that no SL goes beyond either -2/8 or +2/8.

This means that no TP goes beyond either +2/8 or -2/8.

If a stop or TP would fall outside these extrenums of the MML Grid then pending orders must be applied so that any trade entry fits within the MML Grid at the time of entry.

An octave gap is the standard SL at a 1 to 1 ratio.
A trader may apply any octave gap ratio for the SL but best within the range of 1 to 2 otherwise the TP may be difficult to setup within the MML Grid since the TP is 4 times as long as any SL applied.

1 octave gap SL = 4 octave gap TP
1.5 octave gap SL = 6 octave gap TP
2 octave gap SL = 8 octave gap TP

TP = octave gap SL * Reward Risk Ratio.

Recall the MML Grid contains only 12 octaves and 13 MMLs.

So a setup applying 2 octaves as SL covers 10 octaves.
Entry level to SL plus Entry level to TP = 2 + 8 = 10 octaves.

Based on using a strict 4 to 1 Reward to Risk ratio it is elementary to determine max SL octaves that fit within a max of 12 that also satisfies the TP requirement.

If Reward to Risk ratio is fixed at 4 to 1 and an entry is made from an MML price line then the TP will align with another MML price line however, the SL may not.

If the octave SL ratio contains a decimal point other than .0 or .5 then TP level will not align with another MML price level.

Please perform some simple math calculations to verify this for yourself.

Imagine octave SL ratio set at 1.2
RRR = 4
Entry at MML price line

SL would be 1.2 octave gaps away from entry price
TP would be 1.2*4 being 4.8 octaves away from entry price.

In this case only the entry falls on an MML line the SL and the TP do not.

It is not critical that a TP or SL falls on an MML price line but rather if the setup is confined within the upper and lower boundaries of the MML Grid.

Please check some of my previous posts for examples.

It is possible that eventually I will code an MT5 EA for this strategy if participation is good.

Masterrmind......

I hope you’re having a great holiday. I am also watching and learning from you. You’re very detailed in your training which I love. Please consider mt4 ea I live in Canada and we are limited to what brokers we can use. Panda is my broker and they have no mt5.

Hi AngelicaMari,

Thank you for the kind comments.

An MT4 EA may also be coded at some future time.

ps. Holiday is fantastic and very much needed.

Masterrmind.......

Thank you for your replay. And I'm glad you are still here

I'll try to ask one question per post, so that you can answer it easer.

If you decide to open 9 pairs at certain moment, why do you bother to wait for the price to reach one octave line, since the tp and sl as you described can does not have to be exactly on one ocatve line.
I unserstand that for manula opening you cant do it immiatelly for 9 pairs, but with ea, you cound do it. Would you then still wait for the price to reach one line.
My assumption is that the current open price, tp and sl will fit into the mml grid.

In a triangular setup you take 2 pair one direction and one pair opposite direction. Your assumption about the pair orders were taken from myfxbook about correlation. But you also said that there can be taken other pair orders, depending on the traders choice.
What if I always calculate the best combination (your 8 setups) and a dynamic pair order depending on the price position in the grid.
Assume that 1. pair and 3. pair are close to +2/8 and a 2. pair close to -2/8.
Would a setup of SELL 1. and 3. pair and BUY 2. pair be valid?

If current price at time of intended entry is not at an MML line or within a few pips (discretionary part) then a pending order must be applied but make sure that such a trade setup is fully inside the MML Grid for SL and TP.

Same approach for manual or EA.

Just entry time would be 5 to 10 minutes different based on trader manual entry.

Entry must be made from an MML line.

Masterrmind.......

I have not fully outlined how I choose the 3 TS's (9 pairs).

Be careful about the current 9 pairs I am trading, there was very little thought involved in their choice.

Remember I am trading a demo account and showing the outcomes as they unfold but there is much much more to follow regarding triangulated choice.

The trader is ultimately responsible for the pair choice and also their direction and I have provided some ideas that can be used to make such a choice.

However, some traders may wish to start in a specific market session trading similarly paced pairs and therefore their TS Order 3 may be very different from another traders.

The direction of long or short is decided well before planned entry time into the market.

One of the 3 pairs should be in the opposite direction to the other 2 in a given TS.

The key criteria here is that every trade enteted has a setup that ensures both the SL and the TP remain within the confines of the MML Grid.

There are many ways to choose the pairs but some criteria is fixed in stone and should not be changed for example the RRR.

Masterrmind......

When you talk about TF, like M15. Since the MML Grid is created for TF H1, for what do we need to look exactly at M15 TF? Octave lines are same on every TF, since the MML grid is pinned to H1.

Different TFs applying the same MML settings may offer the same MML Grid for the same currency pair however, not always and indeed when I trade HTFs the parameters may vary.

The key MML parameters are P, MMP, and StepBack.

The M15 TF currently applies P=64 and MMP = 60 with StepBack = 0.

H1 may not apply the same settings.

I perform an indepth analysis over several pairs using a certain range of historical data and then narrow down the choice to a 'best fit' that suits most pairs for most of the time.

This process should be updated regularly and the settings modified if required but as you will find it is not a critical component.

I have found that over a yearly TF there is generally not a lot of difference.

To understand this in greater depth requires a full understanding of the relationship between trading ranges and the MML indicator calculations for fractal determination.

This is not really a requirement in this strategy but at an advanced level Im more than prepared to outline it is detail to those traders who are more inclined to dig deeper and enhance their knowledge.

However, the MT5 EA when coded would automatically do these updated calculations and make the necessary changes to the applicable parameters otherwise it would leave the settings alone.

Note that the strength of this strategy is in the RRR in combination with the trading ranges and the octaves generated in the MML Grid and the traders ability to make any small changes that seek to offset any loss factors.

Ultimately what we want is a higher strike rate as simple as that!

ps. The MML Grid is not necessarily created for H1.

Masterrmind..........

I understand, but since the current setup has MMP=60 it means H1.
So it means that I can watch for entry not only on M15, but on any TF. Current price or movement of the price is visible on every TF.

What I need to understand is how you determinate the direction and the time of entry.

Lets take this example above.
Is one valid setup to BUY EURGBP, GBPUSD and SELL EURUSD?
Since 1:4 ratio is taken into account and we are still inside the MML grid.

From the template for M15 with 64 and 60 change the period and check the MML price levels over multiple TFs.

The TS Order 3 that is currently being traded is an example using an almost random type approach.

9 pairs with 8 different scenarios as posted to the thread.

Choice of TS's was almost random like.
Choice of direction for each scenario was almost random like.

Technically, I am using the word random like when in fact it is not but what Im trying to say is that the direction order has had little thought process and simply a group of 8 combinations have been outlined to cover all possible options and then I have traded them in any ordering apart from the final few.

I have not yet outlined my approach to the choice of direction for each pair over a given TS.

This will be outlined in the next phase which is after the current setup has completed.

The pairs you show can be traded like that but note that EU and GU are heavily positively correlated most of the time but not always.

Having EU and GU traded in opposite directions might offset some risk but do some checking of the trades shown in this thread to see some intetesting results.

Trading all pair setups within the MML Grid is required since we honor the octaves at the time of trade entry.

If price breaks out above or below then an MML grid reset occurs and we do not want to be in a trade running unfavorably in this direction but rather undertake a reassessment for a new trade entry in the newly created MML Grid.

Time of entry is by trader choice when using a manual trading approach since the trader needs to be physically at the trading platform.

An EA approach is entirely different especially if the platform is open continuously.

However, we are not yet at that stage.

Im outlining bit by bit in easy to chew bites so traders can understand the basics of the strategy.

As time moves forward so too can the complexity but going highly complex in the MTTTM strategy may not be what all traders desire.

I have hinted towards the flow of information in Post 1 and elsewhere in the thread and so there is much yet to be told.

I appreciate your enthusiasm but direction and timing will be addressed later.

Masterrmind.......

I have decided to try M TTT M setup today.
I have used same pairs as you.
I opened at LO.
I looking for a direction, based on the position of the strongest pair, so that I ended up with this setup:

Lotsize does not matter, since it is a first attempt for a prove of concept.
I open only limit orders, with sl = 1.5 octaves and tp = 6 octaves.
Currently GC and AC have reached SL.

I had some error on EG, so I opened it later as supposed.
What is you opinion Masterrmind?