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M TTT M

  • #441
  • Mar 19, 2018 5:37pm Mar 19, 2018 5:37pm
My other two trades also got stopped-out.

Total loss about 0.3% @ 0.1% risk on each trade.

At least they were done quickly.

Better luck next time.

Will try again tonight.
Don't look down when learning to fly.
  • #442
  • Mar 19, 2018 5:53pm Mar 19, 2018 5:53pm
Quoting Epsilo
Hello Mastermind, Interesting thread and strategy you're talking here. I like to share my thoughts also with you if i can and you deside if are of some value or not. This weekend i have gone throught the whole thread and see that your method has a lot of potencial,i like a lot also that one of your main concerns is how to control risk which is a key factor to maintain a profitable strategy in the long run. I agree that 4 to 1 risk reward and the different lot sizing to make sure that always risking a fixed % of capital that a trader has desided...
Welcome to my M TTT M thread Epsilo I hope you will find the information useful.

A very informative post which is appreciated.

Test out as many TS Order# setups as you wish and please post results to this thread.

Once you decide to start trading them live you'll need to choose your favorite TS Order # (1, 3, 5 etc), start with very low risk (increase it slowly over time as Equity% gain rises) and monitor the results over time making timely changes when required.

I look forward to your results and please feel free to link your account to a TE and myfxbook to 'better' track your performance.

Good trading,

Masterrmind.............
Master your Mind then Master your Trades
  • #443
  • Mar 19, 2018 6:05pm Mar 19, 2018 6:05pm
Quoting Platanero
My other two trades also got stopped-out. Total loss about 0.3% @ 0.1% risk on each trade. At least they were done quickly. Better luck next time. Will try again tonight.
Risk was set low so no major damage done.

Take it for what it is (a small learning loss) and move onto the next TS setup.

I don't want to put any dampeners on your progress but I do need to be realistic here and from my testing so far I have had 10 losing trades in a row and this has happened twice although not since the SL's were increased from 1*octave to 1.5*octave.
Attached Image (click to enlarge)
Click to Enlarge Name: MTTTM-Losses_in-a_Row.png Size: 33 KB

I am confident that over time your Equity will grow nicely.

ps. Two of my biggest test pairs EU and GU were both losers this time around as well but the account continues to march forward!

pps. I know that my strategy is robust, has a solid RRR and there will be losses along the way but it should do very well over the longer term.

Masterrmind...........
Master your Mind then Master your Trades
  • #444
  • Mar 19, 2018 6:26pm Mar 19, 2018 6:26pm
Current Status

Only 1 trade in action.
Attached Image (click to enlarge)
Click to Enlarge Name: MTTTM-TE_Status.png Size: 72 KB

3 pending orders unlikely to be triggered anytime soon based on large pip count to trigger levels.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 21 KB

Decision will be made soon as to whether or not I close out the currently open trade in profit (close to +3%) and end this TS cycle.

If the current TS Order 3 setup is completed (forced closure of current and pending trades) soon it results in a net positive cycle gain.

Being Tuesday (GMT+10) this allows a fresh TS Order 3 to hit the market.

Masterrmind............
Master your Mind then Master your Trades
  • #445
  • Mar 19, 2018 7:04pm Mar 19, 2018 7:04pm
AUDCAD

Winning trade

+2.9% (closed out manually prior to TP)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 94 KB

TS Order 3 has now been completed!

Commentary will follow later followed by the next TS Order 3 to be traded.

ps. Final 3 pending orders have now been deleted.

Masterrmind............
Master your Mind then Master your Trades
  • #446
  • Mar 19, 2018 8:02pm Mar 19, 2018 8:02pm
Quoting Masterrmind
{quote} Risk was set low so no major damage done. Take it for what it is (a small learning loss) and move onto the next TS setup. I don't want to put any dampeners on your progress but I do need to be realistic here and from my testing so far I have had 10 losing trades in a row and this has happened twice although not since the SL's were increased from 1*octave to 1.5*octave. {image} I am confident that over time your Equity will grow nicely. ps. Two of my biggest test pairs EU and GU were both losers this time around as well but the account continues...
I knew that there would be more losers than winners when I started. Hence the small risk %.

I am tired and not seeing anything in the charts inspiring right now. Going to rest and will be back 2.5 or so hours past LO. Give the markets time to move around a bit.
Don't look down when learning to fly.
  • #447
  • Mar 20, 2018 1:51am Mar 20, 2018 1:51am
Quoting Platanero
{quote} I knew that there would be more losers than winners when I started. Hence the small risk %. I am tired and not seeing anything in the charts inspiring right now. Going to rest and will be back 2.5 or so hours past LO. Give the markets time to move around a bit.
It appears you are planning on trading different TS setups after each one completes.

Trading the same TS Order setup at least 3 times would give you a feel for whats working and perhaps what is not working so well.

Ofcourse I think it will be an interesting journey choosing different TS Order 1 setups each time so I look forward to your progress.

Masterrmind..........
Master your Mind then Master your Trades
  • #448
  • Mar 20, 2018 5:12am Mar 20, 2018 5:12am
New TS-O.1 now active.

EUR/USD + GBP/USD = EUR/GBP

E/U was market order. G/U and E/G pending orders at the closest MML level.

Risk per trade 0.1% RRR 4:1

Attached Image (click to enlarge)
Click to Enlarge Name: TS-3_01.PNG Size: 64 KB
Don't look down when learning to fly.
  • #449
  • Mar 20, 2018 5:14am Mar 20, 2018 5:14am
Quoting Masterrmind
{quote} It appears you are planning on trading different TS setups after each one completes. Trading the same TS Order setup at least 3 times would give you a feel for whats working and perhaps what is not working so well. Ofcourse I think it will be an interesting journey choosing different TS Order 1 setups each time so I look forward to your progress. Masterrmind..........
Agreed.

Lets see how this one does.
Don't look down when learning to fly.
  • #450
  • Edited 5:43am Mar 20, 2018 5:26am | Edited 5:43am
EUR/GBP Long Entry Order filled and now active as well.

Attached Image (click to enlarge)
Click to Enlarge Name: TS-3_05.PNG Size: 61 KB


Attached Image (click to enlarge)
Click to Enlarge Name: TS-3_06.PNG Size: 9 KB
Don't look down when learning to fly.
  • #451
  • Mar 20, 2018 5:27am Mar 20, 2018 5:27am
Quoting Platanero
New TS-O.1 now active. EUR/USD + GBP/USD = EUR/GBP E/U was market order. G/U and E/G pending orders at the closest MML level. Risk per trade 0.1% RRR 4:1 {image}
Thats the spirit!

I'm about to unleash the next TS Order 3 but it will comprise the same makeup of pairs only the direction may change.

Masterrmind........
Master your Mind then Master your Trades
  • #452
  • Edited 9:15am Mar 20, 2018 6:11am | Edited 9:15am
Summary of TS Order 3-#2-S1 (the first setup)

TS Order 3-#2-S1

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

6 trades opened
3 pending orders not triggered
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 11 KB

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

2 winners @ 4% and 2.9%.
4 losers @ -1%, -1%, -1% and -1%.

Net Cycle (Gain/Loss) = (4 + 2.9)% - (1 + 1 + 1 + 1)% = 6.9% - 4% = +2.9% (approx).

Not an impressive cycle however, the account balance increased and now stands at $13 381.86.

+33.8% gain on the account.

Masterrmind............
Master your Mind then Master your Trades
  • #453
  • Edited 7:23am Mar 20, 2018 6:22am | Edited 7:23am
Direction of each pair in the next scenario are as follows:

TS Order 3-#2-S2

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

Risk per Trade set @ 1.2% (assumed max risk for this TS Order 3 is approximately 10.8%)
SL set at 1.5*Octave Gap

On each successive net positive cycle gain risk may be increased by a factor of +0.2 up to a maximum of 2% per trade.

Should a cycle return a negative net gain then risk per trade will be dramatically reduced such as 0.8% (1.2% down to 0.8% risk per trade).

Other calculations may be taken into account when determining applied risk per trade.

Trades will be executed shortly!

Masterrmind.............
Master your Mind then Master your Trades
  • #454
  • Mar 20, 2018 6:53am Mar 20, 2018 6:53am
TS3-#2-S2

Trades now set.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 34 KB

Masterrmind..............
Master your Mind then Master your Trades
  • #455
  • Mar 20, 2018 7:09am Mar 20, 2018 7:09am
The entries for all 9 trades are provided here so that other traders can learn from MML Grid setups.

EURUSD
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 89 KB

GBPUSD
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 86 KB

EURGBP
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 90 KB

AUDCAD
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 84 KB

EURCAD
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot5.png Size: 88 KB

EURAUD
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot6.png Size: 85 KB

GBPCAD
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot7.png Size: 89 KB

CADCHF
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot8.png Size: 89 KB

GBPCHF
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot9.png Size: 86 KB

I would like to think that traders interested in this method are now competent at making trade entries.

All trade setups MUST remain within the relevant MML Grid.

Please note that I may not always provide a full list of trade entry screenshots nor trade terminal entries in the future.

Ask questions if you are unsure as I will respond.

Good trading,

Masterrmind..............
Master your Mind then Master your Trades
  • #456
  • Mar 20, 2018 8:30am Mar 20, 2018 8:30am
Quick update.

Attached Image (click to enlarge)
Click to Enlarge Name: TS-3_08.PNG Size: 116 KB
Don't look down when learning to fly.
  • #457
  • Mar 20, 2018 8:49am Mar 20, 2018 8:49am
Quoting Platanero
Quick update. {image}
Yes EU raced out of the gates without an issue.

Due to your earlier start time than me I see you got into the short 1 octave higher than me which is absolutely fine.

Lets see a great result.

Masterrmind.............
Master your Mind then Master your Trades
  • #458
  • Mar 20, 2018 9:01am Mar 20, 2018 9:01am
Time for rest I'm afraid.

Wishing great success in all traders TS cycles.

Have a great day.

Masterrmind...........
Master your Mind then Master your Trades
  • #459
  • Mar 20, 2018 3:01pm Mar 20, 2018 3:01pm
Rest well my friend.

EUR/GBP stopped out - 0.1%

GBP/USD pending order has not been triggered.

EUR/USD is up 67 or so pips.

Attached Image (click to enlarge)
Click to Enlarge Name: TS-3_11.PNG Size: 124 KB
Don't look down when learning to fly.
  • #460
  • Mar 20, 2018 7:49pm Mar 20, 2018 7:49pm
Quoting Platanero
Rest well my friend. EUR/GBP stopped out - 0.1% GBP/USD pending order has not been triggered. EUR/USD is up 67 or so pips. {image}
I'm also trading the EG pair but not yet in the trade, have a Buy Stop applied at the 4/8 MML.
Looks like you might have got stopped out close to previous support (chart structure).

EU still going well but a small retrace currently in action so lets see how that pans out.

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