Triple A Method | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

bo7a method... method for GBP/JPY 205 replies

gbp triple top? 11 replies

no-lag-Triple exponential Moving average(t3) based on heiken ashi values 9 replies

Wednesday Triple Rollover 2 replies

Is that a triple top 4 replies

Attachments: Triple A Method
Exit Attachments

Triple A Method

  • #21
  • Jul 10, 2007 11:08am Jul 10, 2007 11:08am
Here is the backtest Template from November 2006.

Remember the trades i showed in this template are not perfectly tested nor are my live trades.You could have missed and filtered out many when trading live although result for this month show my live trades.In the month of may i filtered out about half of the losers but i have mentioned them in the template
I will post the complete rules in the pdf file.This template will give you an idea about the potential this system have.

This template is for metatrader 4 users.

White Line = Full Winner i.e. +75 or more
Blue Line = Partial Winner i.e. less than +75
Yellow Line = Break even (mostly +5)
Khaki Line = Partial Loser i.e. less than -60
Red Line = Full Loser i.e. +60 to +80

Bold Line means double the normal position
dotted line means false Tesra breakout Signals that i remember
dashed lines means reverse trades(following Stochs Overbought/sold and vegas lines filters)
Attached File(s)
File Type: tpl performance data.tpl   463 KB | 763 downloads
  • #22
  • Edited Jul 11, 2007 5:08pm Jul 10, 2007 11:22am | Edited Jul 11, 2007 5:08pm
Quoting bmchunu
Interesting .. my stochastic had crossed back(even though small) .. indicating a possible move back up to over 80.

{picture removed, please repost 600x600 max}

There a lot's of system here that seem to be good and making money, but its hard to pick up and follow when there are already 1000's of posts .. I really wanna learn this system and hope it works for me
Your broker's data feed seem to be 2 hours behind mine's(mean candle appear time) thats why charts are bit different i think.
your chart seem to have a tradeable long Tesra Breakout signal @2.0170 as stochs have crossed back up.in my chart signal appeared in the middle of the candle so this was a false signal for me.
Which data feed are you using interbankfx or some other
  • #23
  • Jul 10, 2007 1:58pm Jul 10, 2007 1:58pm
I think it's a mvp feed in meta trader .. and their times are GMT.
Any idiot can take profit, real traders know how to take losses!
  • #24
  • Jul 11, 2007 2:27am Jul 11, 2007 2:27am
Hi

Thank you for posting your system, looks good.

Just a quick observation with MTF indicators.

Usually if you are observing a MTF ind that is of longer time frame than the chart bars, (ie. 1 Hr MTF Indicator on a 5 min chart) and you are watching it live, the indicator will dynamically follow the longer time frame as it changes.

But if you wait for the longer time frame to finish (ie, wait until the 1 hr has finished) and either re-set indicator or re-start Meta Trader , the indicator for the entire last hr will display the last indication of the longer frame for that Hr. ( ie. it redraws the MTF indicator for the last hr (in this case) ).

This makes it hart to manually back test.

yellow
  • #25
  • Jul 11, 2007 3:14am Jul 11, 2007 3:14am
Hi Ashan

I want to congratulate you on your excellent system. It has exactly what my system is lacking. I've started trading on a demo yesterday and so far so good, but I can see that some issues will arise that I wouldn't know how to deal with. Will you please elaborate more on your exist strategy (including money management). The part in your document looks very interesting, but I'm not sure that I understand everything correctly. I know that you use a wide stop loss of 80 pips to start with (I agree with this), but in what situations will you decide to exit the trade if it turns against you. I guess what I'm trying to ask is, when will you manually close the position without it hitting your stop. If you go into a trade with 5 lots and all of them are stopped out at 80 pips loss it is a lot of pips to loose.

I hope you understand my questions. Thank you again for sharing.
  • #26
  • Jul 11, 2007 3:43am Jul 11, 2007 3:43am
Quoting Yellow2
Hi

Thank you for posting your system, looks good.

Just a quick observation with MTF indicators.

Usually if you are observing a MTF ind that is of longer time frame than the chart bars, (ie. 1 Hr MTF Indicator on a 5 min chart) and you are watching it live, the indicator will dynamically follow the longer time frame as it changes.

But if you wait for the longer time frame to finish (ie, wait until the 1 hr has finished) and either re-set indicator or re-start Meta Trader , the indicator for the entire last hr will display the last indication of the longer frame for that Hr. ( ie. it redraws the MTF indicator for the last hr (in this case) ).

This makes it hart to manually back test.

yellow
You are right this happens thats why i don't follow stochastics filter completely. I only use it to increase my position size a bit if its in my direction.
When stochs are leaving Overbought area with a nice gap betwenn them and there is a long signal you can either trade in inverse direction or simply leave the trade i have tested this live and this filter in really nice During backtests i didn't used the complete stochs filter i just used overbought oversold filter.
After about three 4hr candle closes in a day daily stochs direction is almost confirmed.

Quote
Will you please elaborate more on your exist strategy (including money management). The part in your document looks very interesting, but I'm not sure that I understand everything correctly. I know that you use a wide stop loss of 80 pips to start with (I agree with this), but in what situations will you decide to exit the trade if it turns against you. I guess what I'm trying to ask is, when will you manually close the position without it hitting your stop. If you go into a trade with 5 lots and all of them are stopped out at 80 pips loss it is a lot of pips to loose.
First of all you don't need to use 5 lots. By 5 lots i meant five portions of a trade you can adjust you postion size according to your risk managemant.
you can only use 1 lot and follow only first exit strategy .When you become profitable for two trades you can increase your positon size to 2 lots and so on.By doing so you will only lose what you will make from the system and remember if you loose 400 pips using 5 lots in one jerk you can also get more than 400 pips in a single jerk.So i don't think its a bad deal.

TP Levels Explanation: On TP 1 level close 20% of your position, On TP2 close the other 40% of your position. Usually TP1 and TP2 are close to eachother. The main objective of this system is to get this 60% position’s profit as this prove to be the most consistent income from the system’s back and livetests data.
TP3 and TP4 are to catch larger moves so that account can grow larger in a single strike. These levels don’t give consistent profit in ranging months but when they do catch a nice trend you will be a happy man.
You can also close your position at atleast your stoploss level i.e. +80pips/lot. If your position stalls at +80 pips and you are not comfortable with the market conditions you can close all of your position atleast you are making more than you are losing.So after +80 pips you can close your position whenever you want according to your discretion.
MACD crossover can also be used to exit as this proves to be nice exit signal through backtests.
  • #27
  • Jul 11, 2007 3:54am Jul 11, 2007 3:54am
Hi Ashan

Thank you for your quick response. At the moment I'm using 5 mini lots (0.5 standard lots). Does this mean that you keep positions open until they hit stop loss if the position turns against you. I'm not saying this is a bad thing, I'm just asking as you have a lot of experience with the system and I do not want to do something wrong.
  • #28
  • Jul 11, 2007 3:58am Jul 11, 2007 3:58am
Like with any other system, money management will be key. The problem here is that not everyone's comfort or greed level is the same, and this is where people always come unstuck

Personally I will be looking at TP 1 of 50 pips. The system looks good and I want to make it work.

I am reviewing other pairs and will hopefully be able to apply it to 4 or 5 pairs.
Any idiot can take profit, real traders know how to take losses!
  • #29
  • Jul 11, 2007 7:23am Jul 11, 2007 7:23am
Quoting farimir
Hi Ahsan

Thank you for your quick response. At the moment I'm using 5 mini lots (0.5 standard lots). Does this mean that you keep positions open until they hit stop loss if the position turns against you. I'm not saying this is a bad thing, I'm just asking as you have a lot of experience with the system and I do not want to do something wrong.
yea i keep it open until it hits my SL.I had seen some trades turned from -70 and then went all the way to TP4 level.

Quote
Like with any other system, money management will be key. The problem here is that not everyone's comfort or greed level is the same, and this is where people always come unstuck

Personally I will be looking at TP 1 of 50 pips. The system looks good and I want to make it work.

I am reviewing other pairs and will hopefully be able to apply it to 4 or 5 pairs.

If u want to set a tight Profit Target +70 will be the best while -50 stop loss will also work.

U can use whatever SL and TP levels u like but In my experience For EUR/USD +50/-45 SL and TP will b best and for EUR/CHF +40/-35.
  • #30
  • Edited 4:59pm Jul 11, 2007 7:32am | Edited 4:59pm
Here is the updated zip file hope u like it
Will love suggestions to make it better
Attached File(s)
File Type: zip Triple A Method(Updated).zip   501 KB | 1,200 downloads
  • #31
  • Jul 11, 2007 10:42am Jul 11, 2007 10:42am
Hi Ahsan,

Thanks for sharing your system with us, Keep the good work I'm testing it for

Now, Why did you change the look for the arrows I think the old one is more

Easy to follow specialy if they overlapped.

Regards Tawfik,

Cairo, Egypt.
  • #32
  • Jul 11, 2007 12:00pm Jul 11, 2007 12:00pm
Quoting Ahsan
Here is the updated zip file hope u like it
Will love suggestions to make it better

where is the file?
  • #33
  • Jul 11, 2007 12:23pm Jul 11, 2007 12:23pm
Quoting emeric33
where is the file?
I think he took it off.

I have a question.

Is it possible to have the indicators appear at a different height level .. because when the red arrow (MACD) & the red circle (Moving Averages) are overlapping it really hard to see.
Any idiot can take profit, real traders know how to take losses!
  • #34
  • Jul 11, 2007 12:56pm Jul 11, 2007 12:56pm
Quoting bmchunu
I think he took it off.

I have a question.

Is it possible to have the indicators appear at a different height level .. because when the red arrow (MACD) & the red circle (Moving Averages) are overlapping it really hard to see.
Here is the template i am using. This should solve your problem. Your chart will look like this.
http://img32.picoodle.com/img/img32/...pm_6b871e5.jpg
Attached File(s)
File Type: tpl triple a method.tpl   4 KB | 638 downloads
  • #35
  • Jul 11, 2007 2:50pm Jul 11, 2007 2:50pm
I just wanna be the first to congratulate you Ahsan on a very good, simple system. Thanks a lot Ahsan.

I have been looking at other currency pairs and it really really looks great.

I really believe 500+ pips per month will be possible with your system.

Once again, thank you for sharing.
Any idiot can take profit, real traders know how to take losses!
  • #36
  • Jul 12, 2007 3:15am Jul 12, 2007 3:15am
Quote
I just wanna be the first to congratulate you Ahsan on a very good, simple system. Thanks a lot Ahsan.

I have been looking at other currency pairs and it really really looks great.

I really believe 500+ pips per month will be possible with your system.

Once again, thank you for sharing.
No problem bro I always wanted to give something to others after discovering babypip and forexfactory's forum.
Just remember the poor and needy people in the world if u start making money and donate a percentage of your profit to them.
Wish u best of luck and pips.

and also Is this new file better or the first one was better??any suggestions

Ahsan
  • #37
  • Jul 12, 2007 3:25am Jul 12, 2007 3:25am
Hi Ahsan,

the new file is good, thanks.

regards Tawfik
  • #38
  • Jul 12, 2007 4:51am Jul 12, 2007 4:51am
Hi Ahsan and All

I added a world clock, b-clock "to know how much time left to the end of the

Candel", Signal bar v6 "I just use it as a big price display"

And my template is just as Ahsan template with the above added to it

I hope you like it.

Regards Tawfik.
Attached File(s)
File Type: zip Triple A Method 2.zip   80 KB | 605 downloads
  • #39
  • Jul 12, 2007 5:57am Jul 12, 2007 5:57am
Great stuff guys .. I will try out the templates tonight.

Looks like we might be getting a short entry setup later today or tomorrow.
Any idiot can take profit, real traders know how to take losses!
  • #40
  • Jul 12, 2007 6:24am Jul 12, 2007 6:24am
Thanks for the indicators Tawfik. These are great and will help me greatly.keep coming such additions

I loaded your template but the clock didn't showed the exact times for london and other cities so looked over its code and found that if u changed the no is gmt shift u can get correct time For example my time zone is +5 so 5x60=300 minutes and local time -300 = GMT time

int gmt_shift=-300;
int dst=GetTimeZoneInformation(TZInfoArray);
if(dst!=0) gmt_shift=TZInfoArray[0];
//Print("Difference between your local time and GMT is: ",gmt_shift," minutes");

I updated the zip file with another indicator for time selection.
Attached File(s)
File Type: zip Triple A Method 2.zip   86 KB | 660 downloads
0 traders viewing now