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M TTT M

  • #461
  • Mar 20, 2018 8:32pm Mar 20, 2018 8:32pm
GBPCAD

Loss trade

-1.2%
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 79 KB

Masterrmind.............
Master your Mind then Master your Trades
  • #462
  • Mar 20, 2018 9:11pm Mar 20, 2018 9:11pm
CADCHF

Winning trade

+4.6%
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 91 KB

Masterrmind.............
Master your Mind then Master your Trades
  • #463
  • Mar 21, 2018 5:38am Mar 21, 2018 5:38am
G/U triggered.

Attached Image (click to enlarge)
Click to Enlarge Name: TS-3_14.PNG Size: 82 KB
Don't look down when learning to fly.
  • #464
  • Mar 21, 2018 8:56am Mar 21, 2018 8:56am
Quoting Masterrmind
{quote} 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...
Hello again,
Yes i'm planning to do some tests and see what will come up with them.

My first TS3 still in act, i had a miss on my GBPCHF order i assume due to spread on the Asian Session(to wide) would be a +4 if was filled...
I had a EURCAD -1,and EURUSD +4 orders which are closed. 3 running right now and 2 pending far from entry which they will not fill and i will kill them.
Also tried to enter at the market on CADCHF and the platform didn't let me,i do not know why and now i'm missing another +4

So far a +3 to the account and i will wait until Friday for the opened orders to see how they developed.
Next week i will open the next TS3 which you have already run, i'm running after you
  • #465
  • Mar 21, 2018 7:05pm Mar 21, 2018 7:05pm
GBPCHF

Loss trade

-1.2%
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 90 KB

Masterrmind.............
Master your Mind then Master your Trades
  • #466
  • Mar 21, 2018 7:16pm Mar 21, 2018 7:16pm
GBPUSD

Loss trade

-1.1%
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 81 KB

Masterrmind..............
Master your Mind then Master your Trades
  • #467
  • Mar 21, 2018 7:18pm Mar 21, 2018 7:18pm
EURUSD

Loss trade

-1.2%
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 90 KB

Masterrmind............
Master your Mind then Master your Trades
  • #468
  • Mar 21, 2018 7:37pm Mar 21, 2018 7:37pm
Quoting Platanero
G/U triggered. {image}
Looking at the charts now it appears both those trades may not have faired well.

The EU short I took turned into disappointment because it headed out of the gates nicely only to reverse about 30 pips or so from TP.

Unfortunately this happens and there will be times when the reverse situation occurs as price misses the stop and runs on to hit TP.

Taking the good with the bad is part of the business of trading!

The focus should be on longer term outcomes.

Masterrmind............
Master your Mind then Master your Trades
  • #469
  • Mar 21, 2018 8:16pm Mar 21, 2018 8:16pm
Quoting Epsilo
{quote} Hello again, Yes i'm planning to do some tests and see what will come up with them. My first TS3 still in act, i had a miss on my GBPCHF order i assume due to spread on the Asian Session(to wide) would be a +4 if was filled... I had a EURCAD -1,and EURUSD +4 orders which are closed. 3 running right now and 2 pending far from entry which they will not fill and i will kill them. Also tried to enter at the market on CADCHF and the platform didn't let me,i do not know why and now i'm missing another +4 So far a +3 to...
The only time I allow pending orders to sit longer in the market is when at least 1 running trade remains active or if I plan to start the next TS Order setup several days later (for example, its a Thursday or Friday currently and I want to start the next TS on the following Monday or Tuesday).

Keep a watch over the spead and how it might impact on your trades ... clearly entries at NY session close or high impact news (*spread* widening events) should be avoided although in other cases where a brokerage firm typically has a large spread on an exotic pair then this may not necessarily play havoc on your trades progress, for one thing typical TPs are rather long in the MTTTM strategy such as 40 pips to 180 pips but if we were scalping for a few pips then ofcourse the situation would be very different.

We do not scalp for pips in the MTTTM strategy so in general slightly wider *spread(s)* are NOT such a big issue but certainly need monitoring.

I look forward to seeing some posted charts of TS cycles you have taken or ones you are about to take.

Masterrmind.............
Master your Mind then Master your Trades
  • #470
  • Mar 22, 2018 5:23am Mar 22, 2018 5:23am
Quoting Masterrmind
{quote} Looking at the charts now it appears both those trades may not have faired well. The EU short I took turned into disappointment because it headed out of the gates nicely only to reverse about 30 pips or so from TP. Unfortunately this happens and there will be times when the reverse situation occurs as price misses the stop and runs on to hit TP. Taking the good with the bad is part of the business of trading! The focus should be on longer term outcomes. Masterrmind............
Yes. you are correct. They both got stopped out.

Will try again at the next opportunity.
Don't look down when learning to fly.
  • #471
  • Edited 6:05am Mar 22, 2018 5:49am | Edited 6:05am
Just put my first TS Order 3 into the market, made the mistake of not updating the lot size between 3 currencies before I realised. Went through and closed them for a small loss and reentered. I definitely think and EA would make life easier so that it doesn't take so long and takes human error out of the equation, especially with TS Order 5+. Will put up a trade explorer of this demo account for M TTT M on my profile

EURUSD + GBPUSD = EURGBP
GBPCAD + AUDCAD = GBPAUD
EURJPY + CHFJPY = EURCHF

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 333 KB
  • #472
  • Mar 22, 2018 6:01am Mar 22, 2018 6:01am
Realised I was missing AUDCAD trade, then reopened it with the wrong lots because I forgot to update the octave gap, all fixed now! This is why we trade in demo first
Attached Image (click to enlarge)
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  • #473
  • Mar 22, 2018 9:58pm Mar 22, 2018 9:58pm
Quoting 1qaz2wsx33
Just put my first TS Order 3 into the market, made the mistake of not updating the lot size between 3 currencies before I realised. Went through and closed them for a small loss and reentered. I definitely think and EA would make life easier so that it doesn't take so long and takes human error out of the equation, especially with TS Order 5+. Will put up a trade explorer of this demo account for M TTT M on my profile EURUSD + GBPUSD = EURGBP GBPCAD + AUDCAD = GBPAUD EURJPY + CHFJPY = EURCHF {image}
Yes its easy to make a mistake.

Take it slowly and learn the process.

Definitely an EA for trade entries is the way forward.

Masterrmind.........
Master your Mind then Master your Trades
  • #474
  • Mar 23, 2018 4:15am Mar 23, 2018 4:15am
I have desided to close the 2 remaining trades with some profit,not full TP, as for the end of the week.
Attached Image (click to enlarge)
Click to Enlarge Name: ts3_1.png Size: 34 KB
.

1 pending order didn't filled so i closed it also.1 order tried at the market but the platform didn't allow me to
put the order.
So i will open a new demo account and link it to myfxbook ,as you suggest it, for better track record
and open a new TS3 from monday.
  • #475
  • Mar 23, 2018 11:50am Mar 23, 2018 11:50am
Hello Mastermind,
I find this thread to be most interesting and I am subscribed to it as well. Thank you for All you do!
Happily Married to MY College Sweet Heart!
  • #476
  • Mar 23, 2018 5:24pm Mar 23, 2018 5:24pm
Quoting Epsilo
I have desided to close the 2 remaining trades with some profit,not full TP, as for the end of the week. {image}. 1 pending order didn't filled so i closed it also.1 order tried at the market but the platform didn't allow me to put the order. So i will open a new demo account and link it to myfxbook ,as you suggest it, for better track record and open a new TS3 from monday.
End of week profit closures shows good trade management.

I'm concerned about the platform/broker you are using currently since being unable to open positions at market is a problem.

Tracking trade performance (the good and the bad) using a trade analytics provider such as myfxbook is highly useful.

I look forward to viewing your trading results hopefully over several months.

Good work!

Masterrmind...........
Master your Mind then Master your Trades
  • #477
  • Mar 23, 2018 5:27pm Mar 23, 2018 5:27pm
Quoting Jeff59FX
Hello Mastermind, I find this thread to be most interesting and I am subscribed to it as well. Thank you for All you do!
My pleasure!

I trust you will find the material very useful.

Many of the underlying principles can be applied across multiple trading strategies not only MTTTM.

Good trading,

Masterrmind.............
Master your Mind then Master your Trades
  • #478
  • Mar 23, 2018 6:09pm Mar 23, 2018 6:09pm
End of Week Summary
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD-M15-MTTTM.png Size: 102 KB

1 running trade (EA) currently @ +4.5%
3 pending orders (EG, ACad and ECad)

Start of market next week may see a quick close of the EURAUD trade subject to impact of any weekend gapping (hopefully a spike to higher levels).

Any remaining pending orders would then be deleted.

Followed by the next TS Order 3 setup.

ps. If the current TS Order 3 completes as a net positive cycle of trades which at this stage appears it will then risk per trade may be increased to 1.4% (stepped +0.2% from the current 1.2%).

Masterrmind............
Master your Mind then Master your Trades
  • #479
  • Mar 25, 2018 6:09pm Mar 25, 2018 6:09pm
EURAUD

Winning trade [closed out manually just prior to TP level]

+4.5%
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 81 KB

Masterrmind.............
Master your Mind then Master your Trades
  • #480
  • Mar 25, 2018 9:58pm Mar 25, 2018 9:58pm
Summary of TS Order 3-#2-S2 (the 2nd setup)

TS Order 3-#2-S2

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 10.8% (1.2% risk per trade over a possible 9 entries) .
6 trades from 9 triggered and accounting for timing of open trades the realized risk was much lower than the 10.8% figure.

2 winners @ 4.6% and 4.5%.
4 losers @ -1.2%, -1.2%, -1.1% and -1.2%.

Net Cycle (Gain/Loss) = (4.6 + 4.5)% - (1.2 + 1.2 + 1.1 + 1.2)% = 9.1% - 4.7% = +4.4% (approx).

A net positive cycle allowing the account balance to increase which now stands at $13 956.82.

+39.6% gain on the account.

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