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ATP (Advanced Trading Philosophy) - The Evolution to Greatness

  • #21
  • Apr 16, 2008 5:35am Apr 16, 2008 5:35am
Quoting Postrock
http://www.shareapic.net/preview3/007666842.gif http://www.shareapic.net/preview3/007666843.gif http://www.shareapic.net/preview3/007666844.gif

If i understand correctly theese 3 all indicate NO trend..in that case i would just switch to another pair and wait for this one to develope without entering.
Yes, if there is No Trend, then you would not know which way to trade

See?
"Keep your eyes on the helpers" - Mr. Rogers
  • #22
  • Edited 6:16am Apr 16, 2008 5:39am | Edited 6:16am
Quoting burt625
Hi Damonl,

Thank you for sharing this system. Can I just confirm with you regarding the reasoning behind the long trade you took for ECHF? Basically on monthly chart, the previous bar (circled in yellow) shows a short trend as it is slightly lower than -0.3 level; moving on to weekly chart, the previous bar shows no trend as it falls between 0.3 and -0.3 level; and on the daily chart, the previous bar shows a long trend as it is slightly over 0.3 level. Hence [monthly = short, weekly = no trend, daily = long] give Risk Level Yellow. Am I correct so far? And how about GU? Monthly and weekly charts show no trend but daily's previous bar shows a sell trend, would you have gone short with risk level yellow this morning?
You are not exactly correct.

1. The Monthly Chart is not below -.3 level it is above it in the No Trade Zone - I am wrong....the Montly Trend is short
2. The Weekly Chart also gives us a No Trade
3. The Daily Chart gives us out signal.

As for GU short, the answer is "No" becaause the bars are going up in slope. As you will learn later we will only take and add on long trades when the bars are going up in slope and we will only take and add on short trades when the bars are going down in slope.
"Keep your eyes on the helpers" - Mr. Rogers
  • #23
  • Apr 16, 2008 5:41am Apr 16, 2008 5:41am
Quoting burt625
I guess we have to wait for Damonl to answer this question. BTW, is it just me or has ECHF Daily's previous bar just suddenly went lower than 0.3 level? I could have sworn it was at around 0.33 when I posted the chart but upon rechecking, it went to 0.26? That would have voided the ECHF long trade for this morning? I am using ODL as my demo broker.
I do not think the bar moved below the ,3 level, even after the down move it is still in the same place this AM.....
"Keep your eyes on the helpers" - Mr. Rogers
  • #24
  • Apr 16, 2008 5:46am Apr 16, 2008 5:46am
I only have a few minutes this morning, but i wanted to get this out there.

When I say Enter the Market Long what I mean is put a Long Buy Stop order 1 pip+spread above the high of the bar that gave you the signal

When I say Enter the Market Short, what I mean is put a Short Sell Stop order 1 pip below the low of the bar that gave you the signal.

Very rarely will we enter at market value.

What this means is the ECHF trade I gave you earlier would not have even triggered yet and would still be a pending order.

Sorry for not going into that last night, but I was very tired.

See you all tonight
"Keep your eyes on the helpers" - Mr. Rogers
  • #25
  • Apr 16, 2008 5:53am Apr 16, 2008 5:53am
I just wanted to let everyone know that at 0:00 GMT I wrote down all the values of each bar for each pair of the 14 pairs that I trade. After European movement, even the big moves like GU and EU, the values for yeaterday's bars are exactily the same.

This leads me to believe that only the color is the repainting and not the values. Since we are using values all looks golden with this indicator.
"Keep your eyes on the helpers" - Mr. Rogers
  • #26
  • Apr 16, 2008 5:55am Apr 16, 2008 5:55am
Quoting damonl
Yes, if there is No Trend, then you would not know which way to trade

See?
hehe..sure!! Also..i read between the lines that my pending entry order shall be placed pip+spread above/below the DAILY bar that gave the signal.

I know its eventual in the process of checking for the trend..but clarity is never enough..

thx for your time, i'll (demo) check how your filosophy applies to mine
  • #27
  • Apr 16, 2008 5:59am Apr 16, 2008 5:59am
Quoting Postrock
hehe..sure!! Also..i read between the lines that my pending entry order shall be placed pip+spread above/below the DAILY bar that gave the signal.

I know its eventual in the process of checking for the trend..but clarity is never enough..

thx for your time, i'll (demo) check how your filosophy applies to mine
Please keep in touch with us how you are doing.
"Keep your eyes on the helpers" - Mr. Rogers
  • #28
  • Apr 16, 2008 8:02am Apr 16, 2008 8:02am
Quoting damonl
As for GU short, the answer is "No" because the bars are going up in slope. As you will learn later we will only take and add on long trades when the bars are going up in slope and we will only take and add on short trades when the bars are going down in slope.
Ah, I am starting to see your point now, thanks for clearing it up! Sorry if I was being impatient there!

Quoting damonl
I do not think the bar moved below the ,3 level, even after the down move it is still in the same place this AM.....
I would agree with you on this as the first ECHF daily chart I posted earlier read slightly above 0.3 level but have a look at the chart below, the ECHF daily's previous bar is now below 0.3 for some reasons? May I know which broker do you use for your charts?

Anyhow, I think I should wait for you to explain more before bombarding you with questions! Looking forward to learn from you!
Attached Image (click to enlarge)
Click to Enlarge Name: ECHF D2.gif Size: 20 KB
  • #29
  • Apr 16, 2008 9:28am Apr 16, 2008 9:28am
Quoting damonl
Determining the trend is a very important aspect to ATP. To do this you will use the 3 Deciphers to not only handle this for you, but depending on how many are in confirmation with each other will also determine your Risk Management and Money Management.

No Trend

No trend is determined by using our Entry Indicator and is determined per chart like this. Obvously when No Trend is given we will not place any trades until Trend is re-established.

  1. Monthly, Weekly or Daily Chart - No Trend siganl is given if last bar is in between .3 and -.3 levels of your indicator.

Long Trend

  1. Monthly, Weekly or Daily Chart - A Long Trend signal is given if the last bar is above the .3 level of your indicator.

Short Trend

  1. Monthly, Weekly and Daily Chart - A Short Trend is given if the last bar is below the -.3 level of your indicator.

Now that we have determined how to find the Current Trend, you should know that we will only take trades in the direction of the Daily Trend. We will however increase our odds of success if the Daily Trend is also in unison with the Weekly Trend or the Monthly Trend. That is why we would raise our risk per trade the more indications are in our favor.

When determining the trend direction you use the the previous month, week and daily candles. So for the monthly you only need to check it once per month, weekly at the close of the week and the daily candle at the close of the previous day. So for example if the monthly, weekly and daily candles are giving you a buy signal above 0.3 you are not concerned if the current active monthly, weekly and daily candles are below the 0.3 level?
  • #30
  • Apr 16, 2008 10:42am Apr 16, 2008 10:42am
Quoting damonl
Determining the trend is a very important aspect to ATP. To do this you will use the 3 Deciphers to not only handle this for you, but depending on how many are in confirmation with each other will also determine your Risk Management and Money Management.

No Trend

No trend is determined by using our Entry Indicator and is determined per chart like this. Obvously when No Trend is given we will not place any trades until Trend is re-established.

  1. Monthly, Weekly or Daily Chart - No Trend siganl is given if last bar is in between .3 and -.3 levels of your indicator.

Long Trend

  1. Monthly, Weekly or Daily Chart - A Long Trend signal is given if the last bar is above the .3 level of your indicator.

Short Trend

  1. Monthly, Weekly and Daily Chart - A Short Trend is given if the last bar is below the -.3 level of your indicator.

Now that we have determined how to find the Current Trend, you should know that we will only take trades in the direction of the Daily Trend. We will however increase our odds of success if the Daily Trend is also in unison with the Weekly Trend or the Monthly Trend. That is why we would raise our risk per trade the more indications are in our favor.

Since we only trade in the direction of the daily trend does that mean if we have a "no trend" daily signal even though we have agreement with the monthly and weekly signals do we stand aside that day?
  • #31
  • Apr 16, 2008 4:33pm Apr 16, 2008 4:33pm
Quoting ozziedave
Since we only trade in the direction of the daily trend does that mean if we have a "no trend" daily signal even though we have agreement with the monthly and weekly signals do we stand aside that day?
yes...stand aside
"Keep your eyes on the helpers" - Mr. Rogers
  • #32
  • Apr 16, 2008 4:38pm Apr 16, 2008 4:38pm
Quoting burt625
Ah, I am starting to see your point now, thanks for clearing it up! Sorry if I was being impatient there!



I would agree with you on this as the first ECHF daily chart I posted earlier read slightly above 0.3 level but have a look at the chart below, the ECHF daily's previous bar is now below 0.3 for some reasons? May I know which broker do you use for your charts?

Anyhow, I think I should wait for you to explain more before bombarding you with questions! Looking forward to learn from you!
Well....the indicator value did change today. So did GJ. The others with big movements did not change. Things are all good. Obviously ECHF could have broken out, but it didn't and because of the amount of movement, the indicator changed it's mind. Same with GJ

All is good in tradeland
"Keep your eyes on the helpers" - Mr. Rogers
  • #33
  • Edited 6:43pm Apr 16, 2008 6:24pm | Edited 6:43pm
Are you ready to enter the market?

Here are the steps that you will take up to making a trade

1. You would determine if your Trade Risk Level is Green, Orange, Yellow or No Trend, by consulting with the 3 deciphers.

2. Once you have determined your risk level, you can decide how many lots you want to trade. Yellow Risk is the riskiest trade and Green Risk offers the least risk. So, if you have a Grean Risk you may decided to trade more lots then if you had Orange Risk and likewise you may decide to trade more lots then if you had Yellow Risk. If you only have yellow risk, this is where you would trade the least amount of lots that you would trade.

Here is how you enter Long Trades

1. You would place a Buy Stop order 1 pip+spread above the high of the candlestick that corresponds with the 1st bar of the Solar Winds Indicator (SWI) that closes above the .3 level.

2. After you place this initial order, you would then continue to place Long Trades in this manor as long as the bars of the SWI continue to have higher highs at the close.

3. The minute that the SWI closes with a Lower High, you would cancel any Long Pending Trades that have not triggered and you would then let the trade run it's course until your Exit is signaled. If a SWI bar closes once again with a Higher High, this is the signal to begin placing trades again.

Here is how you enter Short Trades

1. You would place a Sell Stop order 1 pip below the low of the candlestick that corresponds with the 1st bar of the Solar Winds Indicator (SWI) that closes below the -.3 level.

2. After you place this initial order, you would then continue to place Short Trades in this manor as long as the bars of the SWI continue to have Lower Lows at the close.

3. The minute that the SWI closes with a Higher Low, you would cancel any Short Pending Trades that have not triggered and you would then let the trade run it's course until your Exit is signaled. If a SWI bar closes once again with a Lower Low, this is the signal to begin placing trades again.

This is just the beginning. There are some more trades I would like to enter, but I will be doing more research on how the use of this indicator interacts with the Non-Lag and the Shi Indicator. I will post more about this as I go along. None the less, this should get us started on our journey
"Keep your eyes on the helpers" - Mr. Rogers
  • #34
  • Apr 16, 2008 9:07pm Apr 16, 2008 9:07pm
HI Everyone.....

Don't look too closely into the rules as I have done some revising already and am ready to blow you away.

I want to give this a solid test before I go posting everything so here is what I am going to do...

I am going to post the trades on here every evening. I suggest that you use only a demo account to start with until you get the feel for things, but I assure you that this is very profitable.

For your lot sizes on a mini account, please divide your Account Balance by 400 and then again by 100. Then you will need to adjust per pair based on volitility. Please note that I stated using your account balance and not your equity.

If you have 10K in your account this would be your risk per pair after the calculations and taking into consideration the volitility of each pair.

AU = .25
EU = .25
GU = .25
UCAD = .25
UCHF = .25
UJ = .25
GJ = .12
GCHF = .12
EG = .25
NU = .25
EJ = .18
ECHF = .25
EA = .18
ECAD = .18

Enjoy, and I hope that you trade along
"Keep your eyes on the helpers" - Mr. Rogers
  • #35
  • Apr 16, 2008 9:17pm Apr 16, 2008 9:17pm
These are the following trades that I will be placing this evening.

These trades should have no T/P settings and no initial S/L settings. Please keep in mind that we are coming into the middle of a few of these so it may take a few days to get on track. Okay.........

Here we go:

UCAD - Sell at .9998

UCHF - Sell at .9938

UJ = Buy at 101.91

GCHF = Sell at 1.9646

EJ = Buy at 162.60

ECHF = Buy at 1.5957 (and remeber that we still have our trade open from yesterday also)

Once again please remember that we are coming into the middle of some of these trend trades, so don't be too alarmed if we do not take any profit at the moment. When things switch, we will be starting at the beginning, and we will be golden.

Happy pippin'
"Keep your eyes on the helpers" - Mr. Rogers
  • #36
  • Apr 16, 2008 11:48pm Apr 16, 2008 11:48pm
After checking my charts now I discovered most of these trades signalled are false.

UCAD - Yesterday value was below -.3 which signalled short entry but the exit SWI is still between .6 and -.6. The exact value is -.47836 which means we should still be on exit

UCHF - This shows no sell signal too

UJ = This shows no buy signal

GCHF = Yesterday value was below -.3 which signalled short entry but the exit SWI is still between .6 and -.6. The exact value is -.43780 which means we should still be on exit

EJ = The entry indicator behavior is normal but the exit is still below .6. Yesterday value was .540

ECHF = The same thing is happening on this pair too.

Can you tell us exactly why these trades are placed since the exit SWI is still within exit level of between -.6 and .6



Quoting damonl
These are the following trades that I will be placing this evening.

These trades should have no T/P settings and no initial S/L settings. Please keep in mind that we are coming into the middle of a few of these so it may take a few days to get on track. Okay.........

Here we go:

UCAD - Sell at .9998

UCHF - Sell at .9938

UJ = Buy at 101.91

GCHF = Sell at 1.9646

EJ = Buy at 162.60

ECHF = Buy at 1.5957 (and remeber that we still have our trade open from yesterday also)

Once again please remember that we are coming into the middle of some of these trend trades, so don't be too alarmed if we do not take any profit at the moment. When things switch, we will be starting at the beginning, and we will be golden.

Happy pippin'
Trading Just Got Easier...
  • #37
  • Apr 17, 2008 12:00am Apr 17, 2008 12:00am
From 14.12.2007, if you check the SWI for 7 days preceding the said date, you would discover that the SWI values for EURCHF on daily chart are between .3 & -.3 which means for over 1 week we will be out of trade.

I noticed the same thing on higher TF charts too which will leave us out of trades for a very long time.

My suggestion is to trade according to colours, although SWI is repainting.

If for instance, the value of SWI for long entry is below .3 but is green, then we can always place long pending orders according to your parameter but at Yellow Risk Level and if the value crosses above .3 then all other parameters in your rules could follow.

Let me know what you think about this.

I am having problems uploading the Excel file. I have worked on it.
Trading Just Got Easier...
  • #38
  • Apr 17, 2008 1:27am Apr 17, 2008 1:27am
Quoting walesoje1
After checking my charts now I discovered most of these trades signalled are false.

UCAD - Yesterday value was below -.3 which signalled short entry but the exit SWI is still between .6 and -.6. The exact value is -.47836 which means we should still be on exit

UCHF - This shows no sell signal too

UJ = This shows no buy signal

GCHF = Yesterday value was below -.3 which signalled short entry but the exit SWI is still between .6 and -.6. The exact value is -.43780 which means we should still be on exit

EJ = The entry indicator behavior is normal but the exit is still below .6. Yesterday value was .540

ECHF = The same thing is happening on this pair too.

Can you tell us exactly why these trades are placed since the exit SWI is still within exit level of between -.6 and .6
Hey wlj......

I am using some different parameters right now that are much better. I am just burned out on putting up rules, etc at the moment and so at this time would like to just do signals.
"Keep your eyes on the helpers" - Mr. Rogers
  • #39
  • Edited 1:38am Apr 17, 2008 1:28am | Edited 1:38am
Quoting walesoje1
From 14.12.2007, if you check the SWI for 7 days preceding the said date, you would discover that the SWI values for EURCHF on daily chart are between .3 & -.3 which means for over 1 week we will be out of trade.

I noticed the same thing on higher TF charts too which will leave us out of trades for a very long time.

My suggestion is to trade according to colours, although SWI is repainting.

If for instance, the value of SWI for long entry is below .3 but is green, then we can always place long pending orders according to your parameter but at Yellow Risk Level and if the value crosses above .3 then all other parameters in your rules could follow.

Let me know what you think about this.

I am having problems uploading the Excel file. I have worked on it.
yes....run with this. Please continue to post your thoughts here and I will keep evaluating them. One thing for sure is that you are on the right track. Work through it and I will help you.
"Keep your eyes on the helpers" - Mr. Rogers
  • #40
  • Edited 2:32am Apr 17, 2008 2:15am | Edited 2:32am
Hey wlj and others following along. There is more money with this trading style than I have every experienced. For now I only want to give signals, but I will help you all work through the rules.

Tip #1 - Use the two seperate Solar Wind Indicators as posted earlier
Tip #2 - Get rid of the levels of .3, -.3 for the first one.
Tip #3 - Don't worry about the Monthly and Weekly trends at the moment. Just focus on the daily charts.

Here are the questions I would like you to answer.

1. When should we make our first entry into the market? (Use 1st indicator only)

2. When should we place additional positions? (Use 1st indicator only)

3. When should we not place any additional orders and cancel all pending orders? (Use 2nd indicator only)

4. When should we resume placing daily orders in the direction we were headed? (Use 1st indicator only)

5. When should we get out of the market? (Use 1st indicator only)

When you can answer all 5 of these questions, I think that you will have the best and most profitable system ever seen.

Good luck and post your answers and your thoughts here so I can help you with them.
"Keep your eyes on the helpers" - Mr. Rogers
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