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  • #401
  • Mar 15, 2018 6:01am Mar 15, 2018 6:01am
Yes, I spent about 1.5 hours looking at different combinations before settling in on this one. I looked at your results and the better pairs and tried to work them into the equation while also keeping all the rules in mind. I also looked at the D1 chars and what that looked like for each pair. This was to help support my view of the direction the pair is likely to go next and seeing if that lined up with the M15/Template charts. All seems to line up better than 90%.

I am looking forward to seeing the outcome of this TS!
Don't look down when learning to fly.
  • #402
  • Mar 15, 2018 6:10am Mar 15, 2018 6:10am
A Quick Snapshot

Attached Image (click to enlarge)
Click to Enlarge Name: TS_Capture_001.PNG Size: 200 KB


TP on G/A is outside of MML. I will keep an eye on it and if price reaches that +2/8 level I may close it manually.
Don't look down when learning to fly.
  • #403
  • Mar 15, 2018 6:24am Mar 15, 2018 6:24am
Quoting Platanero
OK so here is what I am thinking..... AUD/CAD + GBP/CAD = GBP/AUD CAD – 0 base / 2 counter GBP – 2 base / 0 counter AUD – 1 base / 1 counter A/C and G/C – Short G/A then, must go long. (please note the lot calculator on these charts is not properly set yet. I will do that next.) {image} Above is AUD/CAD... Seems high on the D1 and also in the template. So I want that one to go short. Next is GBP/CAD... Also seems high in the D1 and the template. Short also on this one. {image} And finally, GBP/AUD. {image} Because the other two are already short,...
The GA pair didn't perform that well on the previous 8 scenarios so I axed it from stage 2 setups.

Masterrmind.............
Master your Mind then Master your Trades
  • #404
  • Mar 15, 2018 6:32am Mar 15, 2018 6:32am
Quoting Platanero
A Quick Snapshot {image} TP on G/A is outside of MML. I will keep an eye on it and if price reaches that +2/8 level I may close it manually.
Not too bad except as you say the GA setup is incorrect and should have been from entered from a different MML level.

Just monitor it closely up in the extreme MML zone and use your own judgement to close it out if PA stalls and looks like the bears want to come in strong.

You can delete out the Bar Timer indicator if you wish as its just an extra for knowing when an M15 candle is nearing closure ... entry timing but not really necessary.

Once your trades are up and running and you are happy with everything you can turn off the visibility of the Lot_Size indi to clear up your chart.

Also the sessions indi can be removed if you like to make the chart cleaner, its main purpose is so that its easier to show other traders on the thread at which major open the TS Order was opened, other than that its not really necessary.

There is a newer template with 2018, I notice your chart reads 12/2017 but if it works the way you like it then its all good otherwise the newer one can be found in Post 1.

Very nice to see well presented and posted charts ... excellent!

Masterrmind..........
Master your Mind then Master your Trades
  • #405
  • Mar 15, 2018 6:44am Mar 15, 2018 6:44am
GBPAUD - Example setup that meets the MML Grid criteria.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 87 KB

Price must drop down to the 4/8 MML and trade opened using a pending Buy Limit order in this case with the SL 1.5 Octaves below the entry (2.5/8 MML if you like) and TP is 6 Octaves above entry MML (or +2/8 MML in this setup).

So for a long setup you soon realize that if current price (just prior to a planned entry) is just above the 4/8 MML Central Pivot then a Buy Limit order will be used with an entry @ the 4/8 MML, SL 1.5 Octaves below entry level and TP at the +2/8 MML.

Masterrmind............
Master your Mind then Master your Trades
  • #406
  • Mar 15, 2018 6:48am Mar 15, 2018 6:48am
Ahh yes, better after cleaning up a bit. No need for anything extra on the charts after the TS is up and going.

Attached Image (click to enlarge)
Click to Enlarge Name: TS_Capture_002.PNG Size: 140 KB


Note: MML grid has updated itself in AUD/CAD... Octaves have now shrunk down to 15.3 from the previous. Respecting MML levels from the time that the TS was started.
Don't look down when learning to fly.
  • #407
  • Mar 15, 2018 6:51am Mar 15, 2018 6:51am
Quoting Masterrmind
GBPAUD - Example setup that meets the MML Grid criteria. {image} Price must drop down to the 4/8 MML and trade opened using a pending Buy Limit order in this case with the SL 1.5 Octaves below the entry (2.5/8 MML if you like) and TP is 6 Octaves above entry MML (or +2/8 MML in this setup). So for a long setup you soon realize that if current price (just prior to a planned entry) is just above the 4/8 MML Central Pivot then a Buy Limit order will be used with an entry @ the 4/8 MML, SL 1.5 Octaves below entry level and TP at the +2/8 MML. Masterrmind...............

Understood. I will go for this at the next opportunity.

Also, will update everything from post 1 after this TS is completed.
Don't look down when learning to fly.
  • #408
  • Mar 15, 2018 6:55am Mar 15, 2018 6:55am
Quoting Platanero
Ahh yes, better after cleaning up a bit. No need for anything extra on the charts after the TS is up and going. {image} Note: MML grid has updated itself in AUD/CAD... Octaves have now shrunk down to 15.3 from the previous. Respecting MML levels from the time that the TS was started.
The Lot_Size-MTTTM indi has a setting whereby you can turn-off the data so nothing shows on the chart if you wish.
Attached Image

Set Show Details = false

Masterrmind...........
Master your Mind then Master your Trades
  • #409
  • Mar 15, 2018 6:56am Mar 15, 2018 6:56am
Quoting Platanero
A Quick Snapshot {image} TP on G/A is outside of MML. I will keep an eye on it and if price reaches that +2/8 level I may close it manually.
Hi

Can you share your system template ?
  • #410
  • Mar 15, 2018 6:59am Mar 15, 2018 6:59am
Quoting Platanero
{quote} Understood. I will go for this at the next opportunity. Also, will update everything from post 1 after this TS is completed.
Its just a matter of going through several examples of longs and shorts at different MML levels and soon enough the entry setup will be a walk in the park.

Lets see how your trades turn out.

Small risk to start with is the right approach, later you play with the risk setting values in unison with your Return by Trade and Equity Charts.

I refer to this trade management technique as Equity Curve Trace Management or ECTM for short and I'll explain that when the time is right!

Masterrmind.............
Master your Mind then Master your Trades
  • #411
  • Mar 15, 2018 7:16am Mar 15, 2018 7:16am
I hope these last few posts have been useful but I'm going to call it a day.

I'll be back again around Tokyo Open.

Good trading to you all,

Masterrmind............
Master your Mind then Master your Trades
  • #412
  • Mar 15, 2018 7:19am Mar 15, 2018 7:19am
Very useful! Thank you.

Rest well.
Don't look down when learning to fly.
  • #413
  • Mar 15, 2018 9:07am Mar 15, 2018 9:07am
GBP/CAD - Loss

Attached Image (click to enlarge)
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Status of TS now...

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Click to Enlarge Name: TS_Capture_010.PNG Size: 160 KB

( Small edit to chart background to help me keep track of long(blue) vs short(gray) )

Attached Image (click to enlarge)
Click to Enlarge Name: TS_Capture_011.PNG Size: 128 KB
Don't look down when learning to fly.
  • #414
  • Mar 15, 2018 9:30am Mar 15, 2018 9:30am
GA is marching with momentum towards TP but I am keeping a close eye on it as it is in very overshot territory. I am strongly considering some type of profit lock-in approach on GA. But really just want to leave it alone and let it play out.

Attached Image


But otherwise G/A is looking great so far..

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Click to Enlarge Name: GA_lookingGreatSoFar.PNG Size: 60 KB


And AUDCAD is holding..

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCAD_Holding.PNG Size: 62 KB
Don't look down when learning to fly.
  • #415
  • Edited 11:01am Mar 15, 2018 10:30am | Edited 11:01am
Cycle closed out in net profit.

Net gain was 0.14499 %

Attached Image (click to enlarge)
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However, I did not let it play out.

Attached Image (click to enlarge)
Click to Enlarge Name: TS_Capture_014.PNG Size: 129 KB


G/A was up to 135 pips in profit at one point and started retreating. Also, AUDCAD was moving towards SL fast. Closed both trades while the TS was still in net profit.

I gambled that things would begin to go against me and closed out. This time it may or may not work out in my favor. However, this is something I need to work on (Not doing!). In my case, it may be better to set these and forget them. As my "monitoring" usually does more harm than good. (case in point).

I look forward to getting more of these going.
Don't look down when learning to fly.
  • #416
  • Mar 15, 2018 10:59am Mar 15, 2018 10:59am
Attached Image (click to enlarge)
Click to Enlarge Name: GA.PNG Size: 679 KB
Don't look down when learning to fly.
  • #417
  • Mar 15, 2018 3:32pm Mar 15, 2018 3:32pm
Masterrmind,

I wonder what the difference between taking several individual TS order 1s at random separate times and taking an order 3 TS all at once would be.

For example: Day 1 at 8AM, start one TS order 1. Later on that same day you spot another good set of currencies and you start another TS order 1. Now there are two independent TS order 1s going. Next day, its just mid afternoon and both previous TS order 1s are still active. You take a glance at the charts and notice yet another good setup on three pairs and you fire off a third TS order 1. Now you have three, completely independent TS order 1s going which were opened independently at fairly different times. For the sake of argument, the same currency pair is not repeated in any of these TS order 1s.

What would be the difference between the above and taking a TS order 3 all at once?
Don't look down when learning to fly.
  • #418
  • Mar 15, 2018 6:46pm Mar 15, 2018 6:46pm
GBPCAD

Loss trade

-1%
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 100 KB

Masterrmind..............
Master your Mind then Master your Trades
  • #419
  • Mar 15, 2018 7:42pm Mar 15, 2018 7:42pm
Quoting Rexco
{quote} Hi Can you share your system template ?
Try Post 1.

Please read the entire post its very important.

Masterrmind...........
Master your Mind then Master your Trades
  • #420
  • Mar 15, 2018 7:44pm Mar 15, 2018 7:44pm
Quoting Platanero
Cycle closed out in net profit. Net gain was 0.14499 % {image} However, I did not let it play out. {image} G/A was up to 135 pips in profit at one point and started retreating. Also, AUDCAD was moving towards SL fast. Closed both trades while the TS was still in net profit. I gambled that things would begin to go against me and closed out. This time it may or may not work out in my favor. However, this is something I need to work on (Not doing!). In my case, it may be better to set these and forget them. As my "monitoring" usually does more harm...
Cycle net profit.

Way to go my friend!

Masterrmind............
Master your Mind then Master your Trades
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