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Gann Hilo DMI System

  • #61
  • Dec 6, 2007 11:26am Dec 6, 2007 11:26am
Quoting Masmp_FX
Thank you very much billbss
I've found you can control the balance between preserving profit and letting profit run by stepping down in time frames when applying the 3 bar method.

A 1H TF gives price all the room it wants to keep going.

A 15 M TF gets you out with existing profit a lot quicker when price bobbles down.
  • #62
  • Dec 6, 2007 12:25pm Dec 6, 2007 12:25pm
Quoting Masmp_FX
Thank you very much billbss
Do you know Nicotina, who is also from Portugal?
He has a thread going here.

http://www.forexfactory.com/showthread.php?t=51365
  • #63
  • Dec 6, 2007 12:48pm Dec 6, 2007 12:48pm
Quoting billbss
Do you know Nicotina, who is also from Portugal?
He has a thread going here.

http://www.forexfactory.com/showthread.php?t=51365
I have seen I'm around in the forum, but didn't know that he started a thread, but never met him personally.
Logic will get you from A to B. Imagination will take you everywhere.
  • #64
  • Dec 7, 2007 11:30am Dec 7, 2007 11:30am
Maybe I new to work a little more on my exit strategy, but take profit are excluded from the exit strategy, we never now how much the trend is going to last, I say that I may need to rework my exit strategy because of the pips the system produces, and the pips that I put in my pocket.

Here is an example

In January the system gave 2370 pips, and only 1170 went to my pocket

February it gave 2073 and 915 on my pocket

March is the one that gives me the more headaches 4350 pips produced, and only 1600 in my pocket.

Any suggestions?
Logic will get you from A to B. Imagination will take you everywhere.
  • #65
  • Dec 7, 2007 11:57am Dec 7, 2007 11:57am
Quoting Masmp_FX
Maybe I new to work a little more on my exit strategy, but take profit are excluded from the exit strategy, we never now how much the trend is going to last, I say that I may need to rework my exit strategy because of the pips the system produces, and the pips that I put in my pocket.

Here is an example

In January the system gave 2370 pips, and only 1170 went to my pocket

February it gave 2073 and 915 on my pocket

March is the one that gives me the more headaches 4350 pips produced, and only 1600 in my pocket.

Any suggestions?
When to get out of a trade is the biggest riddle in trading.
You didn't do too bad. It looks like you kept roughly 1/2 of the max.
  • #66
  • Dec 7, 2007 3:16pm Dec 7, 2007 3:16pm
Quoting Masmp_FX
Maybe I new to work a little more on my exit strategy, but take profit are excluded from the exit strategy, we never now how much the trend is going to last, I say that I may need to rework my exit strategy because of the pips the system produces, and the pips that I put in my pocket.

Here is an example

In January the system gave 2370 pips, and only 1170 went to my pocket

February it gave 2073 and 915 on my pocket

March is the one that gives me the more headaches 4350 pips produced, and only 1600 in my pocket.

Any suggestions?

hmm, that bad, huh? Wanna trade with me?

Ohka
  • #67
  • Dec 7, 2007 6:47pm Dec 7, 2007 6:47pm
Previous to the QQE indicator that I'm using (that I confess to not like mutch QQE, but I must filter the garbage), I used MTF ADX, following the upper time frame trend, but spotted I drastic error, I suspect that the system works a lot better with MTF ADX, but its lags to much, because trading 1h, and following the 4h MTF ADX, the MTF ADX only closes after 4 candles, and it can say long in the opening, and then short when its closing (its also a rare thing, but could happen), if there was a way that the MTF ADX also closed at the same time as the 1h bar, only fixing the value that it was at that time, I could use more efficiently.

Is there anyway of doing that?

PS Live trading with the MTF ADX, has no problem, but backtesting is were the problem is, beacasue the data is not 100% reliable, and no backtests with positive reliable data, no live trading with it, that's the way I work.
Logic will get you from A to B. Imagination will take you everywhere.
  • #68
  • Dec 7, 2007 8:41pm Dec 7, 2007 8:41pm
I'm doing a research here, and I'm testing the system in a little more "primitive" way, throwing to the garbage the QQE (don't like much that indicator) using only gann hilo and DMI, changing the stop loss to 100 pips, and 200 pips trailing stop, or exiting at the gann hilo break out, I will post the results as soon I have them ready.
Logic will get you from A to B. Imagination will take you everywhere.
  • #69
  • Dec 7, 2007 9:36pm Dec 7, 2007 9:36pm
Well,

The complicated system gave 1010 pips, already with spread, I made calculations that every trade had a 7 pip spread.

The "primitive" made 1663 already with the spread too, NOT BAD.

PS. also changed trading time in the "primitive" since the close of the 02 bar at IBFX to the 18 bar, I think their time is GMT +1
Logic will get you from A to B. Imagination will take you everywhere.
  • #70
  • Dec 7, 2007 11:19pm Dec 7, 2007 11:19pm
Quoting billbss
I traded stocks this way. I used Bill William's alligator system, which calls for adding positions as your profits from your initial position increases.
It didn't work for me.
Too often I would turn a profitable trade into a loser. The original positions would be in profit but when the market turned the top positions would lose enough to nullify all or most of the profit.

If you think about it, it isn't logical to do that.
If you go long, you believe you are buying low and that price will go up. You believe you are getting in at a good price. As price increases, there is less and less reason to buy because the entrance price is getting worse.
Thanks Bill for sharing. My experience as well. i expermented to limit the number of add on positions, but have really never been fully comfortable with them. I was going to ask about your 3 bar stop system as well. Thanks for the post. i have been following "market club" triangle strategy which uses 3 bars as well but doesn't account for the inside bars.

Jimno
  • #71
  • Dec 8, 2007 4:22pm Dec 8, 2007 4:22pm
Hi, thanks for sharing your system. I have some questions that I hope you resolve me.

1. Does the spread included in the 75 Pips SL?

2. I have seen in your progress Journal that sometimes you enter at 6:00 and London opens at 7:00. Can you explain me this?

3. Look at the capture. The indicator Gann HiLo get some different results to your capture. What Metatrader broker are you using?


Muito obrigado.
Attached Image (click to enlarge)
Click to Enlarge Name: hilo_01.jpg Size: 152 KB
  • #72
  • Dec 8, 2007 8:59pm Dec 8, 2007 8:59pm
Hello Masmp,

thanks for sharing your nice trading method.
Also thanks to billbss and others for your valuable contribution.

Cheers
  • #73
  • Dec 9, 2007 4:48pm Dec 9, 2007 4:48pm
Quoting Kfx
Hi, thanks for sharing your system. I have some questions that I hope you resolve me.

1. Does the spread included in the 75 Pips SL?

2. I have seen in your progress Journal that sometimes you enter at 6:00 and London opens at 7:00. Can you explain me this?

3. Look at the capture. The indicator Gann HiLo get some different results to your capture. What Metatrader broker are you using?


Muito obrigado.


Hi, the trade the you have marked in the picture is wrong, DMI is signalling a short signal, and gann hilo long, so all indicators don't agree as result no trade, but after that one you have a nice short trade with a lot of pips, The times of the progress Journal are right by Interbank FX, I think their time is GMT +1, and the spread is not counted, as soon as it gets the 75 pips.
But right now I was testing with different settings letting the profits run a little longer not killing them with my trailing stop to soon, but thats is a little more aggressive approach, that increase profits when you catch a good month, and increases losses when you face a ranging month, I will post the results for this year when I have them ready.

PS. I recommend you to use IBFX data feed, because I tried it once in other MT4 data feed, and because some brokers put a larger spread and invent spikes where they never existed, you may get different signals from other brokers data feed, changing the results too.

Gracias
Logic will get you from A to B. Imagination will take you everywhere.
  • #74
  • Dec 9, 2007 6:34pm Dec 9, 2007 6:34pm
Quoting billbss
When to get out of a trade is the biggest riddle in trading.
You didn't do too bad. It looks like you kept roughly 1/2 of the max.
Billbss, I'm also testing your 3 day low exit, but I'm giving an extra 15 pips from the 3 day low, what do think about that 15 pips extra margin? I think its better this way to not kill the trade unnecessarily.
Logic will get you from A to B. Imagination will take you everywhere.
  • #75
  • Dec 9, 2007 6:58pm Dec 9, 2007 6:58pm
Hi billbss,

this may be a stupid question, but can you tell me how exactly do you use the Gann three bar retrace to get out of a position?

Thanks for your reply

Cheers
  • #76
  • Dec 9, 2007 7:04pm Dec 9, 2007 7:04pm
Quoting Pluto2
Hi billbss,

this may be a stupid question, but can you tell me how exactly do you use the Gann three bar retrace to get out of a position?

Thanks for your reply

Cheers
Sure. I posted a pdf that explains it pretty well.
Follow this link.
http://www.forexfactory.com/showpost...7&postcount=59

If that doesn't answer what you are wondering about, let me know.
  • #77
  • Dec 9, 2007 7:11pm Dec 9, 2007 7:11pm
Quoting Pluto2
Hi billbss,

this may be a stupid question, but can you tell me how exactly do you use the Gann three bar retrace to get out of a position?

Thanks for your reply

Cheers
I have a question too, about example 4, because doing like in example 4, you were stoped sooner in example 3, witch one is right?

I understood too that the part that is missing from the PDF is explaining why that happens.

Thanks
Logic will get you from A to B. Imagination will take you everywhere.
  • #78
  • Dec 9, 2007 7:57pm Dec 9, 2007 7:57pm
Quoting Masmp_FX
I have a question too, about example 4, because doing like in example 4, you were stoped sooner in example 3, witch one is right?

I understood too that the part that is missing from the PDF is explaining why that happens.

Thanks
3 and 4 are both right. They are showing two different scenarios. They aren't related to each other.

#3 illustrates that inside bars are not counted. a and b are both inside bars. They are inside the range of bar2.

# 4 has no inside bars to be considered.

I don't know what the part that is missing explains. I don't have it.
  • #79
  • Dec 9, 2007 8:16pm Dec 9, 2007 8:16pm
Quoting billbss
3 and 4 are both right. They are showing two different scenarios. They aren't related to each other.

#3 illustrates that inside bars are not counted. a and b are both inside bars. They are inside the range of bar2.

# 4 has no inside bars to be considered.

I don't know what the part that is missing explains. I don't have it.
"While day-b is not normally considered an inside-day because it traded...) (perhaps higher than day (a), that's what I think)

but if it was counted the trade would be stop sooner, just didn't figured yet why he says that, but never mind, I understood it in a different way in the beginning.
And was counting from the 3 highest bars that braked the value of the last high bar, and placed trailing stop 15 pips below it.
Its simpler way to use it too, but perhaps not so effective, but I also got the notion that if I did it strictly as it says, I was going to get stop sooner a lot of times.

Correct me if I'm wrong
Logic will get you from A to B. Imagination will take you everywhere.
  • #80
  • Dec 9, 2007 8:50pm Dec 9, 2007 8:50pm
Quoting Masmp_FX
"While day-b is not normally considered an inside-day because it traded...) (perhaps higher than day (a), that's what I think)

but if it was counted the trade would be stop sooner, just didn't figured yet why he says that, but never mind, I understood it in a different way in the beginning.
And was counting from the 3 highest bars that braked the value of the last high bar, and placed trailing stop 15 pips below it.
Its simpler way to use it too, but perhaps not so effective, but I also got the notion that if I did it strictly as it says, I was going to get stop sooner a lot of times.

Correct me if I'm wrong
I'm not sure I understand what you are saying.

The highest bar, so far, of the trade is #1.
It's previous bar is #2.
The bar before that is #3.
Skip oveer inside bars.
Set the stop just under the lowest low of bars 1,2 and 3.
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