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ATP (Advanced Trading Philosophy) - Positioning For Success

  • #561
  • Mar 26, 2008 8:32pm Mar 26, 2008 8:32pm
Quoting SwingMan
The current DashBoard signals for today:
.
My you have some nice spreads . Which broker do you use?

Also can you go over the line from your dashboard the coincedes with EU and tell us what each of those figures and symbols mean if you don't mind?

I hope to have time over the weekend to try them on my platform again
"Keep your eyes on the helpers" - Mr. Rogers
  • #562
  • Mar 26, 2008 8:50pm Mar 26, 2008 8:50pm
Hi Damonl

Please could you help a bit?
I am wondering where to enter NLCT trades in your spreadsheet?
Is it possible that I don't have the newest version?

thanks

Cyborg
  • #563
  • Mar 26, 2008 8:55pm Mar 26, 2008 8:55pm
Quoting cyborg
Hi Damonl

Please could you help a bit?
I am wondering where to enter NLCT trades in your spreadsheet?
Is it possible that I don't have the newest version?

thanks

Cyborg
Hey Cyborg...I am working on an updated version as we speak. Hopefully in a hour or less I will have it out for you.
"Keep your eyes on the helpers" - Mr. Rogers
  • #564
  • Mar 26, 2008 8:56pm Mar 26, 2008 8:56pm
Great!

Thank you very much!

Cyborg
  • #565
  • Mar 26, 2008 9:27pm Mar 26, 2008 9:27pm
@ Damon;

I am trying to get my head around when to exit trades once we have NLCT and NLRT's once they trigger. Please take a look at the enclosed USDJPY chart for a step-by-step walkthrough.

1. We place a NLRT at EOD 03.18.08 with the following settings: Long BS @ 100.44 + spread + 1 pip and SL @ 96.84 - 1 pip.

2. The NLRT which was placed at EOD 03.18.08 and was triggered on 03.24.08.

3. We place a NLCT at EOD 03.26.08 with the following settings: Short SS @ 98.77 - 1 pip and SL @ 100.32 + spread + 1 pip.

4. The NLCT which was placed EOD 03.26.08 was just triggered.

My question is since I have an open NLRT from 03.18.08, obviously in negative territory, do I keep it open or should I close it since the NLCT was just triggered?

TimeFreedom
Attached Image (click to enlarge)
Click to Enlarge Name: atp_usdjpy_03-27-08_01.gif Size: 20 KB
  • #566
  • Mar 26, 2008 9:37pm Mar 26, 2008 9:37pm
Hello...

Please see the attached updated version of the spreadsheet. It contains space to enter all NLCT entries, TAMB entries and also an Equity Buider on the bottom.

For using the Equity Builder all you need to do is enter the Lowest Equity you have seen (no need to check this more than 2x per day) in the space provided. Once you have done this, all other calclulations will be made for you.

This is a nice tool to use if you want to see how much equity you have made in the current session and how much drawdown of profit you have witnessed as well.

Enjoy.....more to come on how to use the Pivot Point Trading Strategy (PPTS). Hopefully I will have time over the weekend.

Spreadsheet:
Attached File(s)
File Type: xls ATP-master.xls   240 KB | 852 downloads
"Keep your eyes on the helpers" - Mr. Rogers
  • #567
  • Mar 26, 2008 9:47pm Mar 26, 2008 9:47pm
Quoting TimeFreedom
@ Damon;

I am trying to get my head around when to exit trades once we have NLCT and NLRT's once they trigger. Please take a look at the enclosed USDJPY chart for a step-by-step walkthrough.

1. We place a NLRT at EOD 03.18.08 with the following settings: Long BS @ 100.44 + spread + 1 pip and SL @ 96.84 - 1 pip.

2. The NLRT which was placed at EOD 03.18.08 and was triggered on 03.24.08.

3. We place a NLCT at EOD 03.26.08 with the following settings: Short SS @ 98.77 - 1 pip and SL @ 100.32 + spread + 1 pip.

4. The NLCT which was placed EOD 03.26.08 was just triggered.

My question is since I have an open NLRT from 03.18.08, obviously in negative territory, do I keep it open or should I close it since the NLCT was just triggered?

TimeFreedom
Hey TF.....this is a great question.

The way to work the exit strategies is as follows.

From now on I am only using two exit strategies.

1. After the trigger of a NLRT
2. (for a short order) From the open of the current bar, S/L is adjusted based upon the low of two bars ago - 1 pip unless the low of two bars ago is not is not the lowest of the two bars. In this case, do not adjust S/L.

Basically what this says is that you should have placed a S/L order on the low of Friday's bar where you long order would have triggered out.

I think the LL2 or HH2 for a S/L adjustment made eveyday looks very profitable and easy to manage with our tradding philosophy.

I will do a formal post about this in the near future, but you know ahead of time. I think you will like this exit strategy.

So...go ahead and close the order.

Cheers....
"Keep your eyes on the helpers" - Mr. Rogers
  • #568
  • Edited 2:30am Mar 27, 2008 2:14am | Edited 2:30am
Quoting damonl
Attachment Attachment

As you can see from the chart above we would have a few different actions to take today

1. We would place a DPTT above thoe bar that closed on 03/26/07
2. We would place a TAMB trade below the bar that closed on 3/25/08
3. We would move all S/L to below the bar that closed on 3/25/08....only the ones that were currently lower than this point. Any current S/L that were above this point will stay where they are.

According to what I am seeing, these are the only trades for today regarding EU.

All the trades mentioned above can be found on this thread for your review and study.

Here is my updated spreadsheet for 03/27/08: Attachment

Enjoy and have a great evening
Hi Damon
Why number 3 today?
Thanks
Mguel
  • #569
  • Mar 27, 2008 3:09am Mar 27, 2008 3:09am
Quoting damonl
My you have some nice spreads . Which broker do you use?

Also can you go over the line from your dashboard the coincedes with EU and tell us what each of those figures and symbols mean if you don't mind?
- The broker is TradeMonster.ch, with the platform from ODL. His spreads are in fact the best worldwide! Unfortunataly for new customers, they change the platform with a (better...) trading platform, and MT4 remain only for old customers. Maybe that the spreads become still better. I think that USA customers can open an account to this broker in Suisse.

- A few explanation for the DashBoard:
.
Attached Image (click to enlarge)
Click to Enlarge Name: explain_803271.GIF Size: 28 KB
  • #570
  • Mar 27, 2008 5:05am Mar 27, 2008 5:05am
Hi,

thanks for sharing, I like it!

What I don't completely understand is the problem with this silvertrend indicator. What does this repaint issue mean?

Regards - Xaron
  • #571
  • Edited 6:11am Mar 27, 2008 5:59am | Edited 6:11am
A little program to identify better the sunday days (blue candles).

//+------------------------------------------------------------------+
//| ## Colored Bars whithout sunday bars
//| We recommend next chart settings:
//| ( press F8 or select on menu 'Charts'->'Properties...'):
//| - On 'Color' Tab select 'Black' for 'Line Graph'
//| - On 'Common' Tab disable 'Chart on Foreground' checkbox and select 'Line Chart' radiobutton
//+------------------------------------------------------------------+
.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_80327.gif Size: 13 KB
Attached File(s)
File Type: mq4 Damon smPaintBars_v1.mq4   5 KB | 583 downloads
  • #572
  • Mar 27, 2008 6:04am Mar 27, 2008 6:04am
Quoting malarraz
Hi Damon
Why number 3 today?
Thanks
Mguel
Please see post #567. This is the S/L and Exit strategy I am now using to protect pips in a ranging market since re-entry at any time is not a problem with ATP.

Also it makes things simpler.

A formal announcement of this will be coming soon.
"Keep your eyes on the helpers" - Mr. Rogers
  • #573
  • Mar 27, 2008 6:08am Mar 27, 2008 6:08am
Quoting Xaron
Hi,

thanks for sharing, I like it!

What I don't completely understand is the problem with this silvertrend indicator. What does this repaint issue mean?

Regards - Xaron
Xaron....Repainting means that the signal on the chart will move from where it once was. And this is not really a problem anymore, I think it is more of an asset.

However, SwingMan has created a indictor located on the forum that once the ST dot is in place it will stay there. It is worth looking it up and adding that one instead of the standard one I put in the first few pages.

I am glad you like the system. Let me know if I can help you in anyway
"Keep your eyes on the helpers" - Mr. Rogers
  • #574
  • Mar 27, 2008 6:26am Mar 27, 2008 6:26am
Thanks Damon!

So it can happen that there is a dot after closing of the day and the next day this dot isn't there any more?

What does these small dots mean in SwingMan's version? Were all these small dots once big dots?

Regards - Xaron
  • #575
  • Mar 27, 2008 6:50am Mar 27, 2008 6:50am
Quoting Xaron
What does these small dots mean in SwingMan's version? Were all these small dots once big dots?
YEEEES!
  • #576
  • Mar 27, 2008 6:56am Mar 27, 2008 6:56am
So actually: When does a big dot not disappear any more? With the close of the next candle after the dot?

Regards - Xaron
  • #577
  • Mar 27, 2008 7:27am Mar 27, 2008 7:27am
Quoting Xaron
So actually: When does a big dot not disappear any more? With the close of the next candle after the dot?
It coud be that the indicators have little buggs. I programe also other thing and havent the time to check all possibilities.
The best way is to take a time frame M5 or M15 and to see if the dots or arrows are OK. If not, please tell me this and describe what is happened.

I know that I dont programmed the best solution for no painting signals, but this come in the next time.
  • #578
  • Mar 27, 2008 8:33am Mar 27, 2008 8:33am
Quoting damonl
Hey BM...Basically I am saying that for evey $400 in equity you can wager an additional .01 lots. So if your equity was at $800 you could risk .02 lots, etc. Anytime I have a decimal in my calculations I round down.

I need to say though that it may be best when starting out with just $400 that you only trade the 5 majors...AU,EU,GU,UJ and UCHF until you get up to about 1K in equity where you can then add the more volitile pairs because as you say with pairs like GJ or GCHF I use less than half the lots that I use for pairs like EU.

So in theory you would not use pairs like these until you had enough equity to cover them.

Hopefully this is what you are looking for
Thanks for your clarification. Now I know you are not talking about adding more order when price moved in desire direction.

I still have the question of what leverage ratio you used to calculate the 0.01 lots for each $400 equity.

Hope this question is not too annoying.
  • #579
  • Mar 27, 2008 9:01am Mar 27, 2008 9:01am
Hi Damon,

In the MM post in page 1, you wrote.
"This means that when you have been on a hot streak and your Account's Equity increases to $10,500 or more you would then raise all new orders by .01 pips, and so on and so forth. Like wise you would decrease by .01 pips if your Equity fell back to say $10,300."

Did you actually mean .01 lots?

Just my stupid guessing.
  • #580
  • Mar 27, 2008 9:29am Mar 27, 2008 9:29am
Hi Swingman or any other who is more familiar than me with such things,

can you please explain how to install the Dashboard indicator on the platform?
I cannot find the option to open a lank window where only he indicator is shown like in the snapshot.

Thanks

Cyborg
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