M TTT M

R&D is great for the mind.

Masterrmind.......

GBPUSD

Winning trade (closed out prior to full target)

+0.8%

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

EURAUD

Loss trade

-0.4%

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

NZDJPY

Winning trade (closed out prior to full target)

+1.1%

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

EURUSD

Winning trade (closed out prior to full target)

+0.8%

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

Final pending order has now been deleted on EURCAD.

This concludes the current H1 TS Order 3.

A summary will be posted shortly.

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

Summary of H1:TS Order 3-#3-S3 (the 3rd setup)

TS Order 3-#3-S3

TS1: AUDCAD + EURAUD = EURCAD
TS2: EURGBP + EURUSD = GBPUSD
TS3: GBPJPY + GBPNZD = NZDJPY

8 trades opened
1 pending order [EURCAD] did not trigger.

Total setup risk was 3.6% (0.4% risk per trade over a possible 9 entries) .
8 trades from 9 triggered so actual risk was less than maximum.

3 winners @ 0.8%, 1.1% and 0.8%.
5 losers @ -0.4%, -0.4%, -0.4%, -0.4% and -0.4%.

Net Cycle (Gain/Loss) = (0.8 + 1.1 + 0.8)% - (0.4+ 0.4 + 0.4 + 0.4 + 0.4)% = 2.7% - 2.0% = 0.7% (approx).

A net winning cycle of US$ 59.80 causes the account balance to increase which now stands at $11 133.53.

+11.3% gain on the account.

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

The next H1 TS Order 3 (TS3-#3-S4) will be traded from next Monday.

The cycle just completed was a faster turn-around this time due to tightening the stops at consecutive octive gaps in general.

No full targets were hit, only partials and of course a series of stop outs.

Idea is to bring the Risk per Trade % back up into the higher band (ie >1% per trade).

Next H1 Risk per Trade will be 0.6% (previous 0.4% + step 0.2%).

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

H1 TF

Entry Time: close to NY Open + 2 hours.

TS Order 3-#3-S4

TS1: AUDCAD + EURAUD = EURCAD
TS2: EURGBP + EURUSD = GBPUSD
TS3: GBPJPY + GBPNZD = NZDJPY

AUDCAD

EURAUD

EURCAD

EURGBP

EURUSD

GBPUSD

GBPJPY

GBPNZD

NZDJPY

Terminal entries

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

LEVERAGE INVESTIGATED

The current demo test account namely: MTTTM-Test 1 is traded via AAFX broker with 1000:1 leverage.

All this leverage is NOT being used but even so it may look daunting to those traders wishing to apply the methodology on much lower leverage.

In the interests of those traders wishing too or forced to use lower leverage I will start an MTTTM demo test on an account as follows:

Demo: MTTTM-Test 2-Lev25

Broker: Global Prime (no reason for choice)

Platform: MT4

Leverage: 25:1

Symbols: only EURUSD, GBPUSD and EURGBP

[ESMA limits being 30:1 was NOT available only 1:1, 10:1, 25:1, 33:1 and higher so I chose lower at 25:1]

Minimal Account Balances using 25:1 leverage

This depends on several factors including:

1. Trading TS Order 1 (3 pairs) or TS Order 3 (9 pairs) or higher;

2. Risk per Trade (%);

3. Risk across the account (%);

4. Margin Requirement;

5. other factors.

Firstly, lets list some key factors about the Trading Strategy that we want to apply.

1. MTTTM Strategy;

2. EURUSD, GBPUSD and EURGBP;

3. Risk per Trade range (~0.1% to max 5%);

4. Max Assigned Risk across the Account set at 15% (3 pairs * max 5% Risk per Trade = 15%);

5. Risk Step Profile (Start: 1%; +0.2% net posiitve cycle; -0.4% net negative cycle);

6. Capital ??

Account Minimum

Trading at the minmum required amount to open 3 trades on EURUSD, GBPUSD and EURGBP is NOT practical nor advisable.

A large buffer is needed to cater for swings in your Equity brought about by DD.

Margin Required on 25:1 leverage = 1/25 = 4%

Minimal volume = 0.01 (1000 nominal)

Buying Power = 1000*25 = US$25000

Examples:

EURUSD margin on 1000 nominal (0.01 lots) @ 1.15590 = 1000/(25*1.15590) = US$46.24
GBPUSD margin on 1000 nominal (0.01 lots) @ 1.29430 = 1000/(25*1.29430) = US$51.78
EURGBP margin on 1000 nominal (0.01 lots) @ 0.89280 = 1000/(25*0.89280)[applicable EURUSD rate] = US$46.32

Total Margin = US$46.24 + US$51.78 + US$46.32 = US$144.34

Free Margin = Equity - Used Margin (as Equity floats around so too does the available margin)

Effective Leverage = Nominal Positions Size/Account Equity = (1000 + 1000 + 1000)/1000 = 3 to 1

SL$ = 1.5*Octive Gap*Value per pip (nominal volume)
= EURUSD [1.5*30.5 pips*US$10/100] + GBPUSD [1.5*30.5 pips*US$10/100] + EURGBP [1.5*15.3 pips*US$12.96/100]
= US$4.58 + US$4.58 + US$2.97
= US$12.13

SL% = US$12.13/1000*100 = 1.2%

For every 0.03 lots across 3 symbols (EU;GU;EG) the assumed risk is about 1.2%.

Potential profit (using 4 to 1 RRR) is US$12.13*4 = US$48.52 = ~4.8%.

As shown it is possible to trade the MTTTM Strategy (TS Order 1; 3 pairs) using leverage of only 25:1 on an account of just $1000.

There is enough information in this post to determine the absolute minimum Equity required to trade 3 pairs (as listed).

Afterall, while it is possible to open the 3 positions at 0.01 lots each with only about US$144.34 you also need to consider moves against you and how this affects your free margin.

Consider the Brokers Stop Out level and what movement against your positions would lead to a margin call.

Play it safe and apply a reasonable equity buffer above and beyond the minimal margin required.

ps. the demo account being traded at 25:1 leverage will start at US$3000 since this was the minimal offfered by the broker.

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

Great fantastic detail, this exercise does interest me now, thanks this could be very beneficial to traders hindered by the ESMA rules, looking forward to this

Here is a screenshot of the demo account.

3K start

25: 1 leverage

100% Stop Out

3 pairs traded EURUSD; GBPUSD and EURGBP

Risk per Trade: Starts @ 1% (+ve step @ 0.2% and -ve step @ 0.4%)

H1 MTTTM template 128/120/0.

Full transparency (TE and myfxbook).

Trades coming very soon ... keep a look out.

ps. keep in mind it is a demo test run !

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

MTTTM-Test 2-Lev25

New demo using 25: 1 leverage has just kicked off.

Only 3 pairs will be traded; EURUSD, GBPUSD and EURGBP

H1 TF [128/120/0]

EURUSD

GBPUSD

EURGBP

Terminal Entries

Note: Do not confuse this Demo test trading account (3 pairs only) with the other Demo account (9 pairs).

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

EURAUD [TS Order 3 pair]

Loss trade

-0.6%

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

AUDCAD [TS Order 3 pair]

Loss trade

-0.6%

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

GBPNZD [TS Order 3 pair]

Loss trade

-0.6%

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

Small Live 1K Account

This account will make use of the leverage, apply higher relative risk and trader discretion.

Trading an M5 MTTTM template using 64/60/0 settings.

This is what is possible !

Note that PA and harmonics are also used in this intraday approach to build up an effective initial buffer.

The buffer is profit that may be used to offset potential losses.

Some trades may be opened at higher relative lot sizes and closed out for a few pips (as in scalps).

However, the approach is to get into a trade and run it from 1 MML line to the other, either Up or Down the chart.

ps. Transparent trading naturally with account linked to TE and myfxbook link available from Post 1.

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

AUDUSD [M5; Live]

Long entry

Intraday approach is to trade at relatively higher volumes (compared to HTF setups), keep the stops relatively short and lock in at BE asap.

Some entries will be allowed larger room to breather but typically with lower volumes applied.

Note: Please be aware that I am using harmonics and PA as well so if I deem it necessary to cut a trade short, it will be cut short (closed out).

Note: The idea here on this small live account is to grow it fast !

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

AUDUSD [M5; Update]

SL moved to BE + pips

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

AUDUSD [M5; closed out]

+0.8%

Thinking in terms of chart structure, likely reversal zones and percentages (almost another 1% gain to the account in fast time).

Just because my target is at the next higher MML does not mean I will close the trade at that level ... it all depends on PA.

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