M TTT M

EURAUD

Winning trade

+5.8%

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

2 trades remain at this stage.

1 by EURGBP long currently ~25 pips (~1.5%).

1 by GBPUSD Buy Limit order - looking for price to drop about 30 pips lower to trigger my long entry on this pair.

Looking for a net positive cycle with only about 2 days left to trade before month end.

If the cycle is floating net negative on month end then I may allow some trades to run on.

Lets see how the next day or so unfolds but my intention at this stage will be to close out the trades as soon as a net positive cycle is possible.

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

New TS order 1 started. All pending orders.

AUD/USD USD/CAD AUD/CAD

0.2% per trade risked.

USD/CAD short triggered.

AUD/ACD long order filled at 0/8P MML.

That's a very interesting TS Order 1.

3 pairs over 3 currencies.

Balanced on the CAD and USD but overweight on the AUD.

Since you are overweight on the long side of the AUD currency then I know where your bias is!

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

EURGBP

On this long entry I have now locked in at BE to protect the outcome.

GBPUSD

Buy Limit order now triggered.

Note: these are the last 2 running trades of the current TS Order 3-#2-S3.

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

MML + Harmonic

Nice set of trades.

Price is now trading inside the 3/8 MML to 5/8 MML pipe where on occasion it typically spends up to 40% of its time.

An interesting area to set shorts just outside the pipe zone although an obvious resistance level is shown in chart structure ... good setup.

Harmonics are always welcome here!

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

GBPAUD

USDCHF

When I woke up this morning, all three trades were in profit by about 25 or so pips. Looking at the calendar, news was due later in the morning. So, I opted to close all three trades manually and run off with my profits.



Total about +0.6% on this round.

I may relax now and wait for next week before opening new TS.

Ideally what you might be wanting to look for in a setup is confluence across a range of factors.

For example, completion of a bearish Gartley in the upper MML extreme zone just under a big psychological number and monthly resistance.

Ofcourse bullish harmonic setups would also work but from the lower extreme MML zone.

Other useful harmonic patterns are the bat, butterfly, shark and simpler ones such as ABCD and AB=CD.

The ABCD pattern is simple to apply and highly effective in all TFs as 1 to 1 completions occur across a variety of symbols and TFs all the time.

Harmonic setups in these confluent zones are the cream of the crop but occur far less frequently than ABCD completions.

This is the main reason why I use ABCD pattern and awareness of the 127.2 potential exhaustion levels in price movement for reversal setups.

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

Nice result Platanero.

As a series of trades complete over several TS Order setups I'm seeing that an Equity% closure value might be useful.

Obtaining a suitable Equity% closure value is the only hurdle.

There are positive and negative implications of applying an Equity% close on a set of trades.

For one thing the longer term expectancy of the system is being attacked as several trades will not be allowed to reach full TP (trades cut short).

If the Equity% closure value is set too low then its possible that some trades may not be given the opportunity to hit the market or hit TP.

On a positive note it does lock in realized profit then and there!

I may spend some time analyzing an Equity% closure approach and see if there is any clear advantage.

I have already noticed several opportunities to close with rather nice Equity% gain for example the current TS Order 3-#2-S3 offered an opportunity to close at least 7% gain in equity (clearly evident at the time on the Info_Panel-MTTTM indicator.

This would initially be based on a trade sample size of 85 already generated from the current demo account.

Posts will follow with additional information once some Equity% closure analysis has been conducted.

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

how much is the average annual earnings in Australia? fOREX IS THE BEST EMPLOYER......

many hours later

The following chart shows the Floating P&L (hourly) Versus Time (Source: FXBlue) for the currently traded demo account (MTTTM-Test 1).

At least it provides some basic information.

An expectation could be formed here allowing an Equity% closure value to be compared with historical trading results.

It should be noted that a 'better' chart would be one in which the instantaneous P&L (%) Vs Time is used and selecting individual TS Order 3 cycles. However, this is not currently available so all we have is a rough approxiamation approach.

From an instantaneous P&L Plot of the available account data I would then slice this into dt (delta time) sections for each completed TS Order 3.
It would then be simple enough to compare the cycle Equity% gain to the potential Equity% gain shown on the Equity curve at the time.

From each TS Order 3 sectioned area it would be possible to determine the minimum Equity, maximum Equity and the average Equity as a %.

Then a simple matter of assigning an average expected Equity% gain.

As the sample size continues to grow additional sectioned-off TS Order 3 zones could be further analyzed and then modifications to the assigned average Equity%gain made if deemed necessary, basically a dynamic process which could be controlled by an Expert Advisor or a specially designed Equity analysis plug-in.

I'm only after an approximate value at this stage so I will work with the hourly data knwoing full well its limitations including the very real possibility that Equity jumps can be significant within a 1 hour time frame in the FX market.

Therefore, I will determine on an Equity curve (hourly period data) only the potential maximum Equity% gain per completed TS Order 3 cycle over all completed cycles and suggest a simple average of these maximas.

By observing the gaps between the Balance and Equity lines on the Equity Chart it becomes obvious that as trades close out for profit or loss a closure at a maximum Balance to Equity gap may not provide the best outcome.

Equity Charts (Hourly data)

TS Order 3 setups:

1st & 2nd

3rd & 4th

5th, 6th & 7th

8th, 9th & 10th

11th (not yet completed; 2 trades still running)

Note: there are some errors in the plotted Equity curves particularly in the minimum Equity levels.

Sum of 11 maxima Gaps = 77.5%
TS Order 3 cycle count = 11

Average maxima gap = 77.5/11 = 7%.


Now lets look at the maximum possible equity and Equity at TS Cycle Close (per hourly data chart) over all TS Order 3 completions.

= TS . Equity(max).. Equity (close) .. Gain%
... 0 - $10000.00 ...... $10000.00 .... Start
... 1 - $11395.29 ...... $11100.76 .... +11.0
... 2 - $11810.01 ...... $10802.07 .... -2.8
... 3 - $10480.63 ...... $10302.91 .... -4.8
... 4 - $10302.91 ...... $9578.60 ...... -7.6
... 5 - $10524.83 ...... $10121.93 ... +5.7
... 6 - $10910.36 ...... $10910.36 ... +7.8
... 7 - $10934.66 ...... $11914.41 ... +9.2
... 8 - $13001.86 ...... $13001.86 ... +9.1
... 9 - $13599.40 ...... $13381.36 ... +2.9
... 10 - $14035.10 .... $13956.82 ... +4.3
... 11 - $14285.36 .... $ N/A

Some basic comparisons can now be made based on the hourly equity data charts.

But is there enough information presented to make an informed decision about whether to use an Equity% close feature in the cycles or not?

Would an Equity% take profit be any better than simply trading the TS Order 3 setups through to completion as they are currently being traded?

Comments are welcome?

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

EURGBP

Winning trade (closed out manually in profit prior to TP)

+2.7%

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

Global equity closure is good, iff we determine the minimum number of positions to use to calculate it. Given the high ratio of pending orders I see in most TS setups, it's good to use a minimum amount positions to get a good calculation of "basket" equity closure. Increasing market orders may also increase these positions

Interesting stats here Mastermind.

In my opinion using Equity% take profit maybe has a better equity curve in the long run instead of the normal TS3 setups.

I personally do not going to follow it as it needs more babysitting on trades,time i don't have right now.I like the set and 'forget'
approach of the current system as been traded with minimal time spend on the platform and with the orders,not in the selection of
the pairs as this can been done usually during weekend.

Also with the Equity% approach we kind of cancel one of the powers of the system 4 to 1 win loss ratio and in bad times it will take
more time and efford to recover serial of losses.

Just my opinion...

I closed out the EURGBP trade to focus on the remaining GBPUSD long trade.

My objective now is to hit the 14K mark and close out the GU trade for a slight profit.

If I later view GU as wanting to reverse then I may close it out prior to SL.

Lets see how the trade runs as it has just started to head in the favored direction.

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