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ATP (Advanced Trading Philosophy) - Positioning For Success

  • #801
  • Apr 14, 2008 6:32pm Apr 14, 2008 6:32pm
Hello Everyone.

After doing much research, I believe that this indicator because of the repaintinig feature will not help us out much. And when it is set to not repaint it lags way to far behind to be of any use.

I have thoroughly looked this over during the last 2 days and feel that this indicator will only hurt us in the end.

I will be here doing my trades if anyone has any questions.
"Keep your eyes on the helpers" - Mr. Rogers
  • #802
  • Apr 14, 2008 8:44pm Apr 14, 2008 8:44pm
Hello. I would like to volunteer taking over for tman and post my observations on what signals have appeared and what is to be done in response. I think this would be helpful to everyone and I am sure that it will help me get some intense practice in noticing all the various signals. I am sure Damon will correct my mistakes and I am certain to make plenty.

Please, bare with me as that I must admit that I am still very uncertain about some of the signals. I can not get a good start tonight because I am behind on some other work and I must rush. This is what I have done at the last open less than two hours ago:

EurAud buy EES2


EurGbp Sell EES 1

EurGbp Buy NLPT

EurGbp Sell TAMB, 04 | 10

EurGbp Sell TAMB, 04 | 11


GbpUsd Buy EES 1

GbpUsd Sell NLPT

GbpUsd Buy TAMB, 04 | 09


UsdCad Sell EES 1

UsdCad Buy NLPT


AudUsd Sell EES 2

I am most uncertain about the TAMB trades as that I just discovered that the entry rules given in the PDF document are different than the rules given on the updated rules in the post within this thread. Also, even the updated rules in this thread are ambiguous. As for me, I waited for the NLRT signal and looked between the set up bar and the previous yellow NL signal. I the NLRT gave me a short signal, I set my TAMB's on the bars with highs above the high of the set up bar. If a long signal, then I set the TAMB's on the bars with lows that are lower than the set up bar. Or at least that is what I attempted to do

I will welcome any comments on what I have posted here...

Thanks in advance,

bcam

P.S. - You might notice that I don't have any DTTP trades listed... it's because I am very shy about entering them until I am certain about where to place my take profit mark. I think that I am supposed to figure that out by using the Trade Manager spreedsheet that has been provided here by bull. However, I don't know how to use the spreedsheet and I don't want to double up on my losses when I make a mistake and enter a bad trade without taking profit at the right time. I am beginning to think I should just put a hold on my live account and start using a demo for a few weeks until I can regain my bearings...
  • #803
  • Apr 14, 2008 9:47pm Apr 14, 2008 9:47pm
@ Damon;

Please take a look at the attached chart and confirm whether or not I have the correct understanding of the NLCT and NLRT trades?

TimeFreedom
Attached Image (click to enlarge)
Click to Enlarge Name: atp_gbpusd_04-15-08_jing_01.png Size: 79 KB
  • #804
  • Apr 14, 2008 9:58pm Apr 14, 2008 9:58pm
Sorry I have not been around much, but there are a few things that I am not happy about pertaining to ATP and I have been trying to come to some sort of solution.

What I am currently looking into is taking trades only with the longer trends. For example, we will determine the monthly trend, and then only trade with this trend when the Weekly and Daily also line up with it.

This will help us eliminate a lot of whipsawing and short counter moves that leave us with negative pips.

Also this should help us eliminate the need for mass amounts of entry rules as those entry rules are mainly there to help us find the trend. Now we shouldn't need them to help us find the trend....

I will try to get to your posts, but rest assured I am working dilligently at improving ATP.

"Keep your eyes on the helpers" - Mr. Rogers
  • #805
  • Apr 14, 2008 10:11pm Apr 14, 2008 10:11pm
Looking forward to any improvement you come up with for ATP.

TimeFreedom

Quoting damonl
Sorry I have not been around much, but there are a few things that I am not happy about pertaining to ATP and I have been trying to come to some sort of solution.

What I am currently looking into is taking trades only with the longer trends. For example, we will determine the monthly trend, and then only trade with this trend when the Weekly and Daily also line up with it.

This will help us eliminate a lot of whipsawing and short counter moves that leave us with negative pips.

Also this should help us eliminate the need for mass amounts of entry rules as those entry rules are mainly there to help us find the trend. Now we shouldn't need them to help us find the trend....

I will try to get to your posts, but rest assured I am working dilligently at improving ATP.

  • #806
  • Apr 14, 2008 11:02pm Apr 14, 2008 11:02pm
Quoting TimeFreedom
@ Damon;

Please take a look at the attached chart and confirm whether or not I have the correct understanding of the NLCT and NLRT trades?

TimeFreedom
Hey TF...you have it correct, but all this long analysis I think is a thing of the past.

Today there was only two trades according the Monthly and Weekly Filters. Both of them were short GCHF. This is great news because I am very unsure of the market as of the moment and it is good to know that my filters are also reading the same thing.

Tomorrow I should have plenty of time to go over with you what I have discovered and you will see how we will make more pips than ever before
"Keep your eyes on the helpers" - Mr. Rogers
  • #807
  • Apr 14, 2008 11:07pm Apr 14, 2008 11:07pm
Hello everyone......It is a marvelous evening.

I have done some revamping of ATP that will do many things.

1. Make your nightly analysis a breeze.
2. Hook into the larger Time Frame Trends
3. Eliminate some indicators
4. And still be able to place trades everyday in the direction of the trend.

I think you all will like the New and Improved ATP.

I should have time tomorrow night to get to you everything you need.

I feel like all this hard work that I put in really is paying off, because each time I get closer to what I am trying to achieve.

and we will see you tomorrow evening.
"Keep your eyes on the helpers" - Mr. Rogers
  • #808
  • Apr 15, 2008 8:56am Apr 15, 2008 8:56am
Damonl,

I told you I traded for just a day last week and made $100 on $500 which is approximately 20% of my account size. Yesterday, I traded my live account from $464.53 and at about 10:00GMT I exited all my trades at $496.36 which is about $32 profit with some negative trades too and I did not trade NZDUSD cos of unclear trend. I think this is almost 10% profit too. I don't seem to understand why all you have got after 1 month and 2 weeks is just 20% of your account size.

Since we are trading the trend which is over 85% profitable, I think aiming just 15 pips in trend direction (on 14 currency pairs) could bag you almost 25% of your account size. This is more profitable than what we are presently doing.

I have checked the past price actions i.e. OHLC of all candlesticks on dailies for the 14 currency pairs we are trading for past 8 years and over 98% of the time 15 pips would be hit in the market direction.

Placing order around candle opening price would be necessary and stop loss is what I am yet to decide upon.

In this case, DTPP would be better traded i.e. trading on a daily basis.
Trading Just Got Easier...
  • #809
  • Apr 15, 2008 3:11pm Apr 15, 2008 3:11pm
Quoting walesoje1
Damonl,

I told you I traded for just a day last week and made $100 on $500 which is approximately 20% of my account size. Yesterday, I traded my live account from $464.53 and at about 10:00GMT I exited all my trades at $496.36 which is about $32 profit with some negative trades too and I did not trade NZDUSD cos of unclear trend. I think this is almost 10% profit too. I don't seem to understand why all you have got after 1 month and 2 weeks is just 20% of your account size.

Since we are trading the trend which is over 85% profitable, I think aiming just 15 pips in trend direction (on 14 currency pairs) could bag you almost 25% of your account size. This is more profitable than what we are presently doing.

I have checked the past price actions i.e. OHLC of all candlesticks on dailies for the 14 currency pairs we are trading for past 8 years and over 98% of the time 15 pips would be hit in the market direction.

Placing order around candle opening price would be necessary and stop loss is what I am yet to decide upon.

In this case, DTPP would be better traded i.e. trading on a daily basis.
Hello all. I find the above post to be a very interesting idea. I also thing I have an improvement on this idea:

The first trading system I was ever introduced to was the Vegas system. When learning it I was instructed to create a spreadsheet. At the open of the day, the market almost always tends to cross both above and below the open before it chooses a primary direction for the day (buy / long or sell / short).

If the market would go long for the current day, that means that the primary direction would be the market as it moves up above the open. The secondary direction would be for the market to my below the open. The spreadsheet calculated how far below the open the market would drop before it crossed back above the open and continued up and up above the open.

If the market would go short for the current day, the spreadsheet calculated how far above the open the market would rise before it crossed back below the open and continued down and down below the open.

When reading the post created by walesoje1, my thoughts were that we could uses these calculations and place instant orders at the open of each pair at the beginning of each day. The thing we would do is place two orders for each pair. We already know that the market will move some distance both above and below the open no matter which direction it finally chooses as its primary direction.

The idea is to set two instant orders in both directions so as to immediately insure that you will have a profitable trade. You will also set your take profit according to the calculations of how far the market tends to move in the secondary direction before it moves in its primary direction 75% of the time. Your S / L for each trade would be placed a further distance beyond the T / P of the other trade which will be calculated based on how far the market moves 50% of the time.

At best, you will end up hitting both T / P on each side and you will have 2 small but winning trades added to your account. It is not a huge gain but it is a safe bet. I would not know how large your lot sizes could be but since I would like to make them as large as possible, I think I would really on how many currencies you are looking to trade and the amount of money in your account. Maybe a formula could be added to the spreadsheet to customize lots sizes for each individual trader.

bcam
  • #810
  • Apr 15, 2008 4:13pm Apr 15, 2008 4:13pm
BCAM, you were right with your suggestions. Can you upload/attach the excel file for us all to view and share?

I did what you just talked about today on EURJPY and I have always traded something similar on GBPCHF. I traded the EURJPY today on my live account and I made profit in both directions. To my greatest surprise the TP for my countertrend was hit before the normal market trend TP.

If we can all work on the excel sheet I think 40% profit is certain weekly... I should see a big grin out there... ain't u smiling?

Maybe we can work it out to 100% profit weekly... With hardwork and relentless effort, it is possible.

I have some kind of personal beliefs and I should let one of them out.... There are risks in doing businesses and we are all of the opinion that the higher the profit, the higher the risk but I believe what makes a good business man is for him to reduce his risks to the bearest minimum, hopefully by Money Management, and maximize your profit. Ponder about it for a while and if you can't seem to understand how just drop a message for me.


Quoting bcam360
Hello all. I find the above post to be a very interesting idea. I also thing I have an improvement on this idea:

The first trading system I was ever introduced to was the Vegas system. When learning it I was instructed to create a spreadsheet. At the open of the day, the market almost always tends to cross both above and below the open before it chooses a primary direction for the day (buy / long or sell / short).

If the market would go long for the current day, that means that the primary direction would be the market as it moves up above the open. The secondary direction would be for the market to my below the open. The spreadsheet calculated how far below the open the market would drop before it crossed back above the open and continued up and up above the open.

If the market would go short for the current day, the spreadsheet calculated how far above the open the market would rise before it crossed back below the open and continued down and down below the open.

When reading the post created by walesoje1, my thoughts were that we could uses these calculations and place instant orders at the open of each pair at the beginning of each day. The thing we would do is place two orders for each pair. We already know that the market will move some distance both above and below the open no matter which direction it finally chooses as its primary direction.

The idea is to set two instant orders in both directions so as to immediately insure that you will have a profitable trade. You will also set your take profit according to the calculations of how far the market tends to move in the secondary direction before it moves in its primary direction 75% of the time. Your S / L for each trade would be placed a further distance beyond the T / P of the other trade which will be calculated based on how far the market moves 50% of the time.

At best, you will end up hitting both T / P on each side and you will have 2 small but winning trades added to your account. It is not a huge gain but it is a safe bet. I would not know how large your lot sizes could be but since I would like to make them as large as possible, I think I would really on how many currencies you are looking to trade and the amount of money in your account. Maybe a formula could be added to the spreadsheet to customize lots sizes for each individual trader.

bcam
Trading Just Got Easier...
  • #811
  • Edited 5:39pm Apr 15, 2008 4:56pm | Edited 5:39pm
Hello out there, can anyone out there check my brief analysis for tomorrows trade?

15.04.2008
AU - Sell Continues
EAUD - Buy Continues
ECAD - NLRT Sell
ECHF - NLRT Buy... sell continues according to 60EMA
EG - Buy Continues
EJ - NLRT BUY... SELL TREND ACCORDING TO 200 SMA
EU - NLRT Sell... Buy according to MA's
GC - Sell Continues
GJ - Sell Continues
GU - Sell Continues
NU - Sell Continues
UCAD - NLRT Sell
UCHF - NLRT Buy
UJ - NLRT Buy

BCAM, As for the lot sizes, I think keeping them as little as possible would make most sense as to remain in the market for a long time... Don't forget, slow and steady wins the race.

Here are some dailies data feed for past 8 years for Open High Low Close (OHLC) to check for the suggestion I made in the post above.
Trading Just Got Easier...
  • #812
  • Apr 15, 2008 5:04pm Apr 15, 2008 5:04pm
Quoting walesoje1
Hello out there, can anyone out there check my brief analysis for tomorrows trade?

15.04.2008
AU - Sell Continues
EAUD - Buy Continues
ECAD - NLRT Sell
ECHF - NLRT Buy... sell continues according to 60EMA
EG - Buy Continues
EJ - NLRT BUY... SELL TREND ACCORDING TO 200 SMA
EU - NLRT Sell... Buy according to MA's
GC - Sell Continues
GJ - Sell Continues
GU - Sell Continues
NU - Sell Continues
UCAD - NLRT Sell
UCHF - NLRT Buy
UJ - NLRT Buy

BCAM, As for the lot sizes, I think keeping them as little as possible would make most sense as to remain in the market for a long time... Don't forget, slow and steady wins the race.

Here are some dailies data feed for past 8 years for Open High Low Close (OHLC) to check for the suggestion I made in the post above.
Hey wlj....

Just my opinion, but I would place no trades today. You will see why later tonight.

I would also suggest that you close all open trades as the market is no good right now.

More coming soon....
"Keep your eyes on the helpers" - Mr. Rogers
  • #813
  • Edited 5:46pm Apr 15, 2008 5:20pm | Edited 5:46pm
Hello everyone.....

I wanted to inform everyone that for the time being this will be my last post on this thread.

Tonight I will be starting a new thread as ATP has evolved to a new level of trading..

It has taken me a while, but at first I didn't think that the Solar Wind indicator was any good because of the repainting, however, what I have learned from more research is that using levels helps you overcome the repainting issue, as all repainting issues only happen around the 0 level.

I think that you will be very impressed with what I have come up with as it will blow this original version of ATP out of the water in terms of exiting the market, entering the market, placing trades, determining lot sizes, getting in on larger TF trends and most important simplicity.

Where the original ATP took almost 4 hours to place trades, the new ATP will most likely take less than 1.5 hours and show much greater success.

With that said, I hope that you all join me on the new thread where I will start posting tonight. As soon as I have created the thread, I will come back here and post the link. http://www.forexfactory.com/showthre...51#post1953251

Cheers and we'll see you all very soon
"Keep your eyes on the helpers" - Mr. Rogers
  • #814
  • Apr 15, 2008 6:22pm Apr 15, 2008 6:22pm
Why do you want me to exit almost all trades? Fibo's or Pivots?




Quoting damonl
Hello everyone.....

I wanted to inform everyone that for the time being this will be my last post on this thread.

Tonight I will be starting a new thread as ATP has evolved to a new level of trading..

It has taken me a while, but at first I didn't think that the Solar Wind indicator was any good because of the repainting, however, what I have learned from more research is that using levels helps you overcome the repainting issue, as all repainting issues only happen around the 0 level.

I think that you will be very impressed with what I have come up with as it will blow this original version of ATP out of the water in terms of exiting the market, entering the market, placing trades, determining lot sizes, getting in on larger TF trends and most important simplicity.

Where the original ATP took almost 4 hours to place trades, the new ATP will most likely take less than 1.5 hours and show much greater success.

With that said, I hope that you all join me on the new thread where I will start posting tonight. As soon as I have created the thread, I will come back here and post the link. http://www.forexfactory.com/showthre...51#post1953251

Cheers and we'll see you all very soon
Trading Just Got Easier...
  • #815
  • Apr 15, 2008 6:23pm Apr 15, 2008 6:23pm
SwingMan,

I sent a PM to you. Can you check and reply me?

Thanks.
Trading Just Got Easier...
  • #816
  • Apr 15, 2008 6:53pm Apr 15, 2008 6:53pm
Quoting walesoje1
BCAM, you were right with your suggestions. Can you upload/attach the excel file for us all to view and share?

I did what you just talked about today on EURJPY and I have always traded something similar on GBPCHF. I traded the EURJPY today on my live account and I made profit in both directions. To my greatest surprise the TP for my countertrend was hit before the normal market trend TP.

If we can all work on the excel sheet I think 40% profit is certain weekly... I should see a big grin out there... ain't u smiling?

Maybe we can work it out to 100% profit weekly... With hardwork and relentless effort, it is possible.

I have some kind of personal beliefs and I should let one of them out.... There are risks in doing businesses and we are all of the opinion that the higher the profit, the higher the risk but I believe what makes a good business man is for him to reduce his risks to the bearest minimum, hopefully by Money Management, and maximize your profit. Ponder about it for a while and if you can't seem to understand how just drop a message for me.
Thanks for the compliments. It doesn't surprise me much at all that the secondary direction tripped your T / P 1st. I noticed a long time ago that the market initially seems to go in the secondary direction 1st and only later does it show a preference for the primary direction. That is why I get nervous when I start out with profits immediately and I am relieved when I go negative at the beginning of the day. Strange, but true.

I will attach the spreadsheet below just for everyone to get a look as an example or they can make adjustments and begin using it. I have not used it in a while and might have to make some corrections. For one, that the spreadsheet I have now mixes the secondary highs and secondary lows together and finds the median instead of doing them individually. I think we might get a more accurate measure if we use 2 calculations per trade and set different T / P above and below instead of using one value.

As you will notice, you will need to enter the history of the pair you are looking to trade. This will take a bit of time and effort on your part, but you can get some good info if you put in the effort.

You will also notice that the spreadsheet contains a number of other interesting formulas. I hope all will enjoy it and find in useful in the future...

With Damon's blessing, I would like to name my strategy the Dual Directional Open Trade - DDOT and incorporate it into ATP if possible.

bcam
Attached File(s)
File Type: xls Cameron T. Brown - Unnamed Document (2009912).xls   332 KB | 440 downloads
  • #817
  • Apr 15, 2008 7:31pm Apr 15, 2008 7:31pm
Hi Damon and friends,

I'm sorry for my absent for that past few days. I've been completely consumed with the family matter matter that has been going on for the past couple of weeks. Right now I'm entirely focussed on it and have had absolutely not time to think about or do anything else. What perfect timing that Damon is starting a new thread and will be sharing a new and much improved version of ATP with a new indicator and dramatic changes to the entry/exit rules. This is great news to me, because it means I can take this time to take care of my family and hopefully get back into the swing of things with you guys in the new thread.

Thank you so much Damon for keeping the hopes alive!! You're a true leader. I'll be back to help you test the new strategy. And everyone, please keep up your hope and effort. I feel that ATP is one of the best trading philosophies out there.

See you guys again soon at the new thread.

Cheers,

Tony
  • #818
  • Apr 15, 2008 8:30pm Apr 15, 2008 8:30pm
Good to hear your still around and we look forward to your return.

TimeFreedom

Quoting tman378
Hi Damon and friends,

I'm sorry for my absent for that past few days. I've been completely consumed with the family matter matter that has been going on for the past couple of weeks. Right now I'm entirely focussed on it and have had absolutely not time to think about or do anything else. What perfect timing that Damon is starting a new thread and will be sharing a new and much improved version of ATP with a new indicator and dramatic changes to the entry/exit rules. This is great news to me, because it means I can take this time to take care of my family and hopefully get back into the swing of things with you guys in the new thread.

Thank you so much Damon for keeping the hopes alive!! You're a true leader. I'll be back to help you test the new strategy. And everyone, please keep up your hope and effort. I feel that ATP is one of the best trading philosophies out there.

See you guys again soon at the new thread.

Cheers,

Tony
  • #819
  • Apr 15, 2008 9:14pm Apr 15, 2008 9:14pm
How will it be used?



Quoting bcam360
Thanks for the compliments. It doesn't surprise me much at all that the secondary direction tripped your T / P 1st. I noticed a long time ago that the market initially seems to go in the secondary direction 1st and only later does it show a preference for the primary direction. That is why I get nervous when I start out with profits immediately and I am relieved when I go negative at the beginning of the day. Strange, but true.

I will attach the spreadsheet below just for everyone to get a look as an example or they can make adjustments and begin using it. I have not used it in a while and might have to make some corrections. For one, that the spreadsheet I have now mixes the secondary highs and secondary lows together and finds the median instead of doing them individually. I think we might get a more accurate measure if we use 2 calculations per trade and set different T / P above and below instead of using one value.

As you will notice, you will need to enter the history of the pair you are looking to trade. This will take a bit of time and effort on your part, but you can get some good info if you put in the effort.

You will also notice that the spreadsheet contains a number of other interesting formulas. I hope all will enjoy it and find in useful in the future...

With Damon's blessing, I would like to name my strategy the Dual Directional Open Trade - DDOT and incorporate it into ATP if possible.

bcam
Trading Just Got Easier...
  • #820
  • Apr 16, 2008 6:39pm Apr 16, 2008 6:39pm
Quoting walesoje1
How will it be used?
Easier asked than answered, but the first thing you should do is look at the columns that contain the Date, High, Low, and etc. These are places where you will enter values each day. You are recording info given out by the candlesticks/bars. The date is optional as that you calculations will not use it, but I suggest you always enter the date in order to keep track with the other info you are entering.

If you scroll down below these columns, you will see the word "Totals." You will also see the words, All Median, Below - Median, Over - Median, and etc. These are the calculations you will be using to determine how far away you should be placing your S / L and T / P because they give you a probability of how far the market will usually move either up or down before finding it's primary direction. Basically, if you uses the value given by the field displaying the All Median 50%, there is a 50% chance that the market will move at least that far before finding its primary direction.

When I sent the spreadsheet the value in that field was 21. That means that 50% of the time, the market will move at least (but maybe less or more) 21 pips before finding its primary direction. That means that if you placed your T / P 21 pips away from the open, you have a 50% chance that it will be hit. The further you move the T / P, the less chance you will have. The closer you move it, the greater your chances. Therefore, if you want a better than 50% chance, you will have to move your T / P closer than 21 pips away. If you look beside that column, you will see the "Below 21 Median." This will give you a smaller value. It will tell you the minimum distance that 75% of the trades will go away from the open before they later find their primary direction. For the example given in my spreadsheet, that means that in 75% of the cases, the market will move at least (but maybe more or less) 7 pips away from the open before finding it's primary direction. You view each of these numbers as stationary markers that could or could not be passed, not as exact predictions as to how far the market will or will not go. The market could either go further or fall short for either measurement.

This spreadsheet is meant to measure candlesticks/bars within a given time frame. At most, you can only measure as many days as you have in your records, but it is subjective as to how many days you want to measure total. I would love it if someone could tell me exactly how many days would give me the most accurate read out of the current market. But for now I am assuming 20 days is a good value since that is what was suggested to me for other measurements using that spreadsheet.

If you plan to use only 20 days instead a few hundred, you will need to update your formulas regularly in order to receive the most accurate measurement. Go back to row 3 and look at the columns that contain the High, Low, Open, Close, info and etc. In column K and L you will see a title in blue font. The all columns in blue are contain formulas that have to be updated for the best measurement. Column K contain the "Below - Median" info. As you enter the data for the market each day, the values of you All Median 50% will change. In order to update you will have to take the value given by the All Median 50% and enter it into the formula where the "Below - Median" measurement begins - Column K, Row 5.

All you have to do is double click the column in order to see the formula. You will see this: =IF(I5<21,I5,"") . The number is what you will be replacing. Replace that number with the new number. All you have to do then is press enter and then select the same field that you just updated. Move your pointer to the bottom right of that field where you the black square until the pointer turns into a black + sign. You can then simply hold down on you right clicker and drag down to the bottom of the column. You will then have new values in the column and a new value for the "Below - Median." You will follow the same instructions in order to change the "Over- Median."

I hope this clears it up for you.

I think that SwingMan is the person who created a code that will close out all trades at 10% profit. The thing I would like to do is for someone to make a program that will maybe open up 2 trades (one buy and one sell) for each open chart on the platform at the open of each day and maybe even set T / P and S / L. If that could be done then it would make profiting with this system a breeze. I would guess the default T / P value could be set to about 15 pips and the default S / L value could be set to about 30 pips on the opposite side for each trade entered. Let me know your thoughts about what you read here... I will attach the spreadsheet again for anyone who missed it.

bcam
Attached File(s)
File Type: xls Cameron T. Brown - Unnamed Document (2009912).xls   332 KB | 345 downloads
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