ATP (Advanced Trading Philosophy) - Positioning For Success

Quoting DaBuschi

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For me it would be enough to have the H and L of the last bar. When I´m placing my orders I do this based on MT4 charts as the signals are based on these charts as well. This way I always have to get the data of the chart manually.

Having these details in the dashboard would allow me to place my orders faster and easier.

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Quoting SwingMan

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The version DashBoard_v1.4 for you and for fx4gain, with High/Low for the last bar and with Close for the current bar. I added the Spread to place easier the entrys
- If the input value for TimeFrame = 0, the program take the current time frame of the chart.
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Quoting sDRs

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Good morning ( at least for me ) guys,

i have found this thread few days ago, it looked really interesting for me, so I decided to read it from the start of it, here is what i would like to say mainly:

a) Here i saw probably warmest and the most helpfull traders to each other
b) system works and its logical as it is.

Some info about me - im full day trader for one year, mainly i trade using s/r/pivots and fibo in my charts.

I would love to stay with this thread and get in discussion with all of you

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Quoting SwingMan

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Only to test the last versions 1.3 with ALERTS, I used the M15 time frame.
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Quoting damonl

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Attachment Attachment

As you can see from the above charts we will be only doing a few things today.

1. Placing a long NLRT above the bar that closed on 3/25/08
2. Placing a short TAMB trade below the bar that closed on 3/24/08
3. Closing out all short positions when the NLRT is triggered.

Plain and simple as that.

I think I have a few more trading strategies to pass on to you and then I want to compile all the data onto a .pdf file so that it will be easier for others to learn what we are doing without reading through the entire thread.

I hope to be able to do another trading strategy for you all over the weekend.

Talk to you all again soon.

Here is my updated spreadsheet for 03/26/08: Attachment

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Quoting damonl

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I only have a few minutes, but it did it to me again, got almost to where I was up my 10% close out and then turned around to where I lost all my profit.

That is twice this month on top of what I have already made in profit which has alsl decrease a few % because of this turn around.

I think what I am going to do is add a percentage calculation to my spreadsheet where we can manually input our equity balance and it will calulate values starting at 5% in profit. Then I will start going on a 3% drawdown after I have reached my 7% profit area, which means that if I reach 8% in profit I will close all trades when my equity retraces back to 5% this way I am not in a position to lose all my gained profit.

Maybe we should just do a straight 3% equity drop at anytime and we begin again.

This would have been a good month had I been using this formula all along.

Also I am going to be revising the Exit strategy even further and making it a lot simpler and also allow is to keep more pips than we currently are.

Gotta run and I wll get to all your posts tonight

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Quoting Pidgeon

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Damon,

Just remember, you can't have a perfect system, doesn't exist. A few drawdowns now and then are to be expected. And if you start cashing out too soon, you might miss some longer runs!!

I think that was a crazy night for EUR last night, it retraced all the way back and reversed in quite a small amount of time.

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Quoting jeta

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Damon,

Your post is a bit unclear.

Do you mean to say that due to recent oscillations in the market you lost the 20% you had already booked for the month? Which profit did you lose? The profit to date or the profit since your last clean slate?

As all good trades, I am sure you keep a very good journal profits/loses journal. Do you mind posting it from time to time? If you don't have a profits journal, do you mind posting a saved copy of your MT4 statement, with the appropriate security edits (removal of name and account number)?

Have you thought about doing third party signal provision on something like collective2.com or fx-auto.com? If your system is as good as we are all hoping, you will be able to double your trading account from management fees alone.

Sorry if I seem a bit skeptical. I don't mean to be. The system you are proposing is indeed quite advanced and requires serious studying. Back testing this system automatically would not be easy to say the least.

For the people that have learned the system and are trading it on a demo account, would any one or a few people be willing to post account numbers and view only passwords for those demo accounts they are running the system on? Everyone can learn a great deal from those MT4 reports in terms of max equity DD, average return, and most importantly ratio of average annual return to maximum equity DD.

The reason I am not able to do this myself is that I am a grad student and professors are now holding back on keeping me busy. Any spare time I have is currently next to nothing and is usually used to keep up with this exponentially growing thread.

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Quoting TimeFreedom

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Here are three scripts which will help with closing open and pending trades:

1. close all open positions
2. close all pending orders
3. close all open and pending orders

Note: Place the scripts in the following directory \[Broker Name]\experts\scripts.

Direction: Make sure the 'Allow Live Trading' check box is checked by selecting 'Option' from the platform menu and then selecting 'Expert Advisors' tab. In the 'Navigator' window expand the 'Scripts' icon. Select and drag the script you want to use onto your chart and your orders will begin to close.

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Quoting tman378

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Hi Damon!

I'm doing much better with the "slight" adjustment to my lot size as you suggested

I've got some very important questions about your analysis of the EUR/USD trade from yesterday. Your chart did not show a green ST dot, but mine actually had one from 3/23 bar. But that doesn't matter for my question here. If, say, your chart was correct, that no green ST dot has shown up. Would that EUR/USD trade yesterday have been a NLCT, rather than a NLRT? If it was an NLCT trade, we would still have entered a long trade, which MUST be triggered first before any other long trades can be placed (similar to EES), correct? Why would we not wait for a green ST dot to appear?

Also, whether that was a NLCT or NLRT signal, we would cancel all pending short orders and move SL for all open short trades to the high of that signal bar, am I correct?

I'm liking your newly simplified exit strategy! I just need to nail down the specifics of what reversal signals warrant moving of SL to close out trades.

Thank you, sir!

Tony

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Quoting damonl

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Hey Jeta....

Did not lose my banked profit only the profit I was about 1.5% away from adding to my bank. Most of it came back today .

I am not yet ready to do a signal service. Lots of little details to work out first.

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Quoting jeta

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Great ! You had me worried there. You are not willing to post your account statement or statistics?

Is anyone willing to?

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Quoting tman378

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Hello Damon and fellow Damonians,

Please, see my analysis for today. I'd appreciate your insight as always, Damon, and others who might be interested to chime in . I'm paying special attention to distinguishing between NLCT and NLRT, and the different actions required for each one, mainly the type of trade entries to be placed.

AUD/USD
.35

Add: 8
Observations

1. UT continues
2. EES long triggered

Actions

1. Place daily DPTT long trade
2. Place a TAMB short trade on 3/25 bar

EUR/AUD
.35

Add:11

Observations
1. Yellow NL turning up = NLCT
Actions

1. Place NLCT long trade (this must trigger before any more long trades can be placed)
2. Place a TAMB short trade on 3/25 bar

Please don't forget to close out all existing short trades at this point in time with the exception of the TAMB you placed above. This is tandard practice for any NLCT and NLRT signal.

EUR/CAD
.35

Add: 11
Observations

1. UT continues
2. NLCT long trade triggered
3. AC turning back to green = AC Continuation Trade? Yes

Actions

1. Place daily DPTT long trade
2. Place ACCT long trade
3. Place a TAMB short trade on 3/25 bar

EUR/CHF
.35

Add: 7
Observations

1. UT continues
2. Lower high

Actions

1. Replace daily DPTT long trade
2. Place 1UCT trade
3. Place daily TAMB short trade on 3/25 bar

EUR/GBP
.25

Add: 6
Observations

1. Yellow NL up

Actions

1. Place NLCT long trade (this must trigger before any more long trades can be placed)
2. Place daily TAMB short trade on 3/25 bar

Please see note above regarding NLCT and NLRT.

EUR/JPY
.25

Add: 7
Observations

1. UT continues

Actions

1. Place daily DPTT long trade
2. Place TAMB short trade on 3/25 bar

EUR/USD
.35

Add: 5
Observations

1. NLCT long trade triggered

Actions

1. Place daily DPTT long trade
2. Place TAMB short trade on 3/25 bar

GBP/CHF
.15

Add: 12
Observations

1. Yellow NL down ; no red ST dot

Actions

1. Place NLCT short trade (this must trigger before any more short trades can be placed)
2. Place daily TAMB long trade (have to go back to 3/24 bar since 3/25 has higher low than current price) Not the right application for the higher low. You would place this order on 3/25 bar

GBP/JPY
.15

Add: 12
Observations

1. UT continues

Actions

1. Place daily DPTT long trade
2. Place daily TAMB short trade on 3/25 bar It is impossible to place this trade on the 3/25 bar...take a look

GBP/USD
.35

Add: 7
Observations

1. UT continues

Actions

1. Replace daily DPTT long trade
2. Place daily TAMB short trade on 3/25 bar

NZD/USD
.35

Add: 8
Observations

1. Up trend continues

Actions

1. Place daily DPTT long trade
2. Place daily TAMB short trade on 3/25 bar

USD/CAD
.35

8
Observations

1. DT continues – NLCT short trade triggered

Actions

1. Place daily DPTT short trade
2. Place daily TAMB long trade on 3/25 bar

USD/CHF
.35

7
Observations

1. Yellow NL turning down + red ST dot = NLRT

Actions

1. Place NLRT(EES1) short trade
2. Place daily TAMB long trade on 3/25 bar

Please see notes above regarding NLCT and NLRT.

USD/JPY
.35

Observations

1. Yellow NL turning down; no red ST dot = NLCT

Actions

1. Place NLCT short trade (this must trigger before any more short trades can be placed)
2. Place daily TAMB long trade on 3/25 bar

Also please see notes above regarding NLCT and NLRT

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Quoting FXLab

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tman378 My charts analysis for 03/27/08

Hello Damon and fellow Damonians,

Please, see my analysis for today. I'd appreciate your insight as always, Damon, and others who might be interested to chime in . I'm paying special attention to distinguishing between NLCT and NLRT, and the different actions required for each one, mainly the type of trade entries to be placed.


Obviously, there are some data differences between "brokers." I am getting some "Silver Trend" dots that you/Damon aren't, but I am getting similar results trading the same pairs. The old saying says, "Trade what you see."

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