M TTT M

NZDJPY

Loss trade

-0.8%

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

AUDCAD

Winning trade

+3.1%

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

GBPUSD

Winning trade

+3.1%

Masterrmind..........

AUDJPY

Winning trade

+3.2%

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

Please be aware that the charts posted above may show different MML Grids to the ones active at time of trade entry.

This is due to the updating nature and the internal calculations of the MML Octaves.

At the time of trade closure some of the gain % and loss % figures may show differently between on chart indicator and say myfxbook analytics, this is due to the fact that trades are posted much later when the account balance may be different from when myfxbook considers the calculation.

Therefore small variations are possible and easily explained.

I could have left these final trades out and not bothered to post them however, I prefer completeness and so they were posted.

Next post will provide a summary of the TS Order 3-S8 trades.

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

Masterrmind why I do not have levels. indie downloaded from post number 1

Summary of TS Order 3-S8 (the eigth setup)

8 trades opened
1 pending order not triggered

Total setup risk was 7.2%.
8 trades from 9 triggered and accounting for timing of open trades the realized risk was much lower than the 7.2% figure.

4 winners @ 3.1%, 3.1%, 3.1% and 3.2%.
4 losers @ -0.8%, -0.8%, -0.9 and -0.8%.

Net Cycle (Gain/Loss) = (3.1+ 3.1 + 3.1 + 3.2)% - (0.8 + 0.8 + 0.9 + 0.8)% = 12.5% - 3.3% = +9.2% (approx).

Another great cycle and the account balance now stands at $13 001.86.

+30.0% gain on the account.

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

It was a very good break away from my trading desk.

Thank you.

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

You will need to apply the template in Post 1 as it contains all the other necessary indicators for this MTTTM strategy.

Be sure to place tpl files in the template folder, indicators in the indicator folder and be sure to delete out the
older version Lot_Size-MTTTM indicator and replace it with the current version.

Then save this as a new template (using the same or a different name as you wish).

The indicator list should then look like the following:

Any issues let me know and I'll walk you through the entire process (if necessary).

At the beginning of each month there will only need to be 1 indicator replaced and that is the Lot_Size-MTTTM indicator because I have it hard coded to expire at month end.

It can be obtained from Post 1 just after month end!

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

Thank you. everything is set correctly.

Masterrmind Question: why do not you use the script to open the trade. Simultaneously, a script that will open two currency pairs in the buy for example and the third currency pair in the sell. with the ability to specify currency pairs by choice and lot

MTTTM Strategy Analysis (after completing 8 scenarios of TS Order 3)

Summary of important trading analytics after 8 scenarios each containing 9 preferred entries.

Several pending orders not triggered will reduce this figure whilst a few trader error entries may add a few trades.

TRADE SUMMARY

WINNERS VERSUS LOSERS

RISK OF RUIN

DURATION

MAE vs TRADE OUTCOME (in pips)

Current Account Status

Drawdown

TE Analytics

List of Key Observations in the Data

1. A shift from 1 octave to 1.5 octaves for the SL's remains a good strategy move at this stage and will remain in force
2. Worst performing pairs are GBPAUD @ -5.3% loss and AUDJPY @ -3.8% loss however, both pairs are only about 1 win away from DD recovery so I do not see this as necessarily critical although further analysis is warranted if they continue to be traded (explained later);
3. Win/Loss sequence best shown in the following chart

Note: The red circles results were not included in the win/loss sequence due to both their minimal magnitude and being applied in error.

Although the bar chart shows 2 losing sequences of 10 losses it should be noted that a maximum of 8 losses in any single TS Order setup occurred.

Clearly a key dynamic part of the trader is to continually search for possible avenues of reducing losses and maximizing winners.

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

Stage 1 has now been completed applying the following TS sets in various directions.


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

Recall that the plan for the testing and learnings shown in Post 1 is as follows:

The Plan for the MTTTM Strategy

1. Start off with trading demo examples of 8 scenarios of M15 TF TS Order 3 setups on an 'almost random' type approach;
[transparent trading approach before the fact, discuss trades, discuss ways to improve strike rate]

2. Trade (on demo) a specially designed TS Order 3 on the M15 TF with several traded setups;
[transparent trading approach before the fact, discuss trades, discuss ways to improve strike rate]

3. Trade (on demo) higher time frame TS Order 3's (and higher TS Order examples)
[transparent trading approach before the fact, discuss trades, discuss ways to improve strike rate]

4. Trade (on live) carefully designed TS Order 3's (and others).
[transparent trading approach before the fact, discuss trades (before, during and after), discuss techniques that attempt to improve the strike rate]

Stage 1 is now complete so we can move on to Stage 2 which is as follows:

2. Trade (on demo) a specially designed TS Order 3 on the M15 TF with several traded setups;
[transparent trading approach before the fact, discuss trades, discuss ways to improve strike rate]

The following posts will briefly outline the next TS Order 3 to be traded.

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

The primary reason is so that traders get to work through trading setups and examples in a manual only type approach and gain from the experience.

I plan to code (in MT5) the entire trading strategy for MTTTM including all necessary indicators, scripts and an Expert Advisor and any other plug-ins.

Very few traders have caught onto the power of this system and how only a very few positive trades can lead to respectable gains with reasonable DD.

A key understanding is the relationship between the Reward to Risk ratio and how the trade setups fit within the applicable MML Grid octaves.

Notice how the test accounts have been using 1% risk per trade (on 2 occasions 0.8% risk per trade was applied) over a possible 9 trades and yet the maximum DD is recorded as 13.7% (TE) and 15.09% (myfxbook) for a +30% gain in Equity.

On a live account risk per trade of 0.5% might be more appropriate but I will leave this decision to the trader.

There are multiple levels of competency in this trading strategy.

Stage 1 only covered the basic competencies.

Stage 2, 3 and 4 lead into more advanced levels of understanding.

The highest level is unlikely to be shown here due to its highly sophisticated analytical approach (it uses MATLAB and Python code).

The good news though is that a trader only needs the basic competencies to do very well and the higher levels are not really necessary in any case.

Although a full understanding allows for timely modifications and an expected improvement in results over the longer term.

MT4

You are welcome to develop a script for placing trades as a testing means if you wish.

The script needs to get all required trading account data, get user input settings data and the relevant MML Grid settings (P, MMP and StepBack).

Then determine the correct Lot size, Entry price, SL price and TP price such that all price levels remain within the domain of the applicable MML Grid.

So the upper +2/8 MML and lower -2/8 MML price extremes must be checked to ensure MML Grid criteria is always met at trade entry time.

Information provided as a basic guide only.

If you need further information please let me know however, I will not be providing a full automated version of this strategy if participation remains low even though I know several traders already applying the method with good results.

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

Stage 2 - Setting up the next TS Order 3

1. Make key observations from Stage 1 in terms of the most profitable pairs that were traded during the test phase;

2. Design a new TS Order 3 based on the information from relevant pairs in Point 1 only if the expectation is to achieve a higher overall strike rate;
Top 4 net gainers are then to be listed (others are rejected)

a. EURUSD :

b. AUDCAD :

c. GBPUSD :

d. GBPCAD :

3. Finalize the TS Order 3 by checking correlations and eliminate any unwanted pair(s) in the new TS sets using 'valid' reasoning;


4. Determine key trading parameters (MML Grid settings, RRR, Octave SL ratio, Risk per Trade etc)

MML settings of P=64, MMP=60 and StepBack = 0 will continue to be applied
RRR remains fixed at 4 to 1
Octave Gap Ratio (SL) will remain at 1.5 to 1 (but will continue to be monitored)
Risk per Trade will remain at a default 1% (but will continue to be monitored)

5. Choose a time for planned setup into the market and execute it applying at market or pending order(s) as required such that criteria is satisfied;

London Open through to NY + 1 hour (unless otherwise stated)

6. Check all entries, make any adjustments if needed and monitor the setup; and

7. Close out trades prior to TP using high level trader discretion (understanding that trades should run on more so than cut short).

Next post will show the choice of TS Order 3 to be traded in Stage 2 of the MTTTM Strategy and entry into the market shall follow!

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

Stage 2 TS Order 3 will be as follows:

TS1: EURUSD + GBPUSD = EURGBP
TS2: AUDCAD + EURCAD = EURAUD
TS3: GBPCAD + CADCHF = GBPCHF

Base to Counter as the TS stands now is as follows:

AUD - 1 base + 1 counter
CAD - 1 base + 3 counter
CHF - 0 base + 2 counter
EUR - 4 base + 0 counter
GBP - 3 base + 1 counter
USD - 0 base + 2 counter

Check: 9 base + 9 counter = 9 pairs!

As the TS stands currency overweight may need to be considered.

The CAD related pairs can tend to be wild at times so trade outcome moving forward will be closely monitored and if necessary some of these pairs may be removed and others inserted although triangulation will also be maintained which means that a new TS set (just the 3 pairs) may need to be sought in some cases.

If this situation arises I will explain the basics behind any modifications and what it entails.

Next post will show the direction of each pair!

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

Pair Direction by trader choice (considering correlations, currency weighting and MML Grid Chart structure)

TS Order 3-S1

TS1: EURUSD + GBPUSD = EURGBP
TS2: AUDCAD + EURCAD = EURAUD
TS3: GBPCAD + CADCHF = GBPCHF

Although the factors listed above have been considered in the direction chosen for each pair it is not always possible to have all pairs in the preferred direction due to having to satisfy the triangulation requirement.

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

Next Steps ...

Open all charts in M15 TF for the pairs listed above in the order TS1 ... TS2 and TS3

Apply the template to all 9 charts ( in a TS Order 3 setup)

Change the settings of each chart so that the MML Grid octave gap matches exactly (otherwise your trading values will be wrong) and input multiplier, Risk per trade and the RRR (set=4).

The top 4 variables are the key ones.

Based on pair direction type long or short on each of the 9 charts so that trade entry direction errors are minimzed in manual mode!

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

TS Order 3-S1 now active

Trade setups for all pairs active (either at market or as pending orders).

Check all entries, stops, TPs and lot sizes to ensure criteria is met.

In this setup SL = 1.5*Octave Gap
TP = 4*SL
Risk per Trade = 1% (TP=4%)

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

AUDCAD

Incorrect trade entry (wrong lot size applied due to an increase in the OctaveGap size at time of entry).

Managed to close it out at $0.00 meaning no damage done.

Immediately entered the correct lot size for the updated Octave Gap.

Looks like that trade is headed towards the stop rather quickly which is the correct direction in terms of current sentiment.

Price has moved about half an octave against that position at this time so I still have a full octave to play with.

Lets see!

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