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ATP (Advanced Trading Philosophy) - The Evolution to Greatness

  • #61
  • Apr 18, 2008 3:08am Apr 18, 2008 3:08am
Hello All,

I have said it earlier in one of my posts that it will be best to also use NonLag and it is a great thing that Damonl has added it to what we have got here now.

I should start a daily posting of trades on this thread.

According to his decision of trading higher lots, I support too. All the trades I entered yesterday on 13 different currency pairs except NZDUSD only 1 trade was against me. Yesterday trade only leaves my account at $50 profit trading just 0.01 lot. You would imagine what the account size would have been if I have actually traded 0.04 lots on $500 according to the new lot size in trading. That would mean $200 in just a day.

The NonLag is the best indicator for Damonl setup and I want us all to pay attention to it.

I am waiting patiently for Damonl rules but I guess he would be placing NLTT trades using only NLI for countertrend trades.

Thi
Trading Just Got Easier...
  • #62
  • Apr 18, 2008 4:22am Apr 18, 2008 4:22am
Quoting burt625
I was too preoccupied with this thread that I completely missed out your reply to my earlier post. My bad! However, I think I have understood much better with your analysis and together with your recent update to this strategy, it really put things into perspective. Thanks again! I will continue to practise with your guidance. Rest assure I will have more questions to ask (if you don't mind).
It is all good Burt
"Keep your eyes on the helpers" - Mr. Rogers
  • #63
  • Apr 18, 2008 4:26am Apr 18, 2008 4:26am
I am just astounded by todays trade. UC is up 110 pips, and UJ is 77. If pipis like this are made everyday, I think I might have found a new lover.


This looks like its gonna be a great system. And its perfect for me, since I can't waste my time scalping or even on h1 timeframes, I want to trade on daily charts. Wow this is really great. Damon i think you are right about this sytem, theres a lot of profit. I can't wait to trade live.

TheLegace
"If voting changed anything, they'd make it illegal" - Emma Goldman
  • #64
  • Apr 18, 2008 4:27am Apr 18, 2008 4:27am
Quoting walesoje1
Hello All,

I have said it earlier in one of my posts that it will be best to also use NonLag and it is a great thing that Damonl has added it to what we have got here now.

I should start a daily posting of trades on this thread.

According to his decision of trading higher lots, I support too. All the trades I entered yesterday on 13 different currency pairs except NZDUSD only 1 trade was against me. Yesterday trade only leaves my account at $50 profit trading just 0.01 lot. You would imagine what the account size would have been if I have actually traded 0.04 lots on $500 according to the new lot size in trading. That would mean $200 in just a day.

The NonLag is the best indicator for Damonl setup and I want us all to pay attention to it.

I am waiting patiently for Damonl rules but I guess he would be placing NLTT trades using only NLI for countertrend trades.

Thi
Yes you did, and I saw that but I wasn't yet ready to put anything else on the charts as I wanted to see the effects of the repainting. The NL is the best indicator to go along with SWI.

And yes...for now I will just place NLTT trades and also, no counter trend trades that go against the SWI.

Glad that we came to the same conclusion
"Keep your eyes on the helpers" - Mr. Rogers
  • #65
  • Apr 18, 2008 6:24am Apr 18, 2008 6:24am
I am currently on $130 profit on $500 in just a day. How sweet?

Damonl, together we will make this system better and more profitable. You might not believe this but I traded just 0.01 lots on 13 pairs 3 of which closed against me in negative. The remaining 10 are cool in profit now.

I am closing all my trades now.... I am saving profit now
Trading Just Got Easier...
  • #66
  • Edited 7:50am Apr 18, 2008 7:47am | Edited 7:50am
Damonl,

Here are the trades I took yesterday...

AUDUSD - Buy.....closed against me
EURAUD - Sell.....closed in profit at 74pips
EURCAD - Sell.....closed in profit at 65pips
EURCHF - Buy.....closed in profit at 121pips
EURGBP - Sell.....closed in profit at 75pips
EURJPY - Buy.....closed in profit at 119pips
EURUSD - Buy.....closed against me
GBPCHF - Buy.....closed in profit at 15pips
GBPJPY - Buy.....closed in profit at 342pips...wow
GBPUSD - Buy.....closed in profit at 18pips
NZDUSD - NO TRADE PLACED
USDCAD - Buy.....closed against
USDCHF - Buy.....closed in profit at 163pips
USDJPY - Buy.....closed in profit at 159pips


It's not magic guys... Thanks to Damonl and I will attach my live account statement for you all to see...
Trading Just Got Easier...
  • #67
  • Apr 18, 2008 8:05am Apr 18, 2008 8:05am
Quoting walesoje1
Damonl,

Here are the trades I took yesterday...

It's not magic guys... Thanks to Damonl and I will attach my live account statement for you all to see...
Astounding results! I am still trying to grasp on how to trade using this method by reading the rules numerous times but you did it quite effortlessly! I would appreciate it if you could throw in a few sample charts for all of us to learn and follow (this request goes out to damonl too). Once again, magnificent results!
  • #68
  • Apr 18, 2008 8:50am Apr 18, 2008 8:50am
Quoting walesoje1
Damonl,

Here are the trades I took yesterday...

AUDUSD - Buy.....closed against me
EURAUD - Sell.....closed in profit at 74pips
EURCAD - Sell.....closed in profit at 65pips
EURCHF - Buy.....closed in profit at 121pips
EURGBP - Sell.....closed in profit at 75pips
EURJPY - Buy.....closed in profit at 119pips
EURUSD - Buy.....closed against me
GBPCHF - Buy.....closed in profit at 15pips
GBPJPY - Buy.....closed in profit at 342pips...wow
GBPUSD - Buy.....closed in profit at 18pips
NZDUSD - NO TRADE PLACED
USDCAD - Buy.....closed against
USDCHF - Buy.....closed in profit at 163pips
USDJPY - Buy.....closed in profit at 159pips


It's not magic guys... Thanks to Damonl and I will attach my live account statement for you all to see...
Same here. Placed 11 orders, 9 triggered. Used a 100 pip trailing stop on all these position. 1 was stopped out with a small loss. I closed the remaining 8 manually with a total profit of € 85. As my broker doesn´t work with lots, I bought / sold always 1.000 of the currency pair e.g. bought 1.000 EUR/USD means bought 1.000 EUR and sold the equivalent amount in USD.
  • #69
  • Apr 18, 2008 11:56am Apr 18, 2008 11:56am
Hi my friend, I was aways for a few days, (again with some health problems, I'm better now) and was so great see that you began with this new thread.

I'll began to implement this new strategy next week, I'll try to understand everything during this weekend trying to be ready for Monday.

I few need something, please let me know.

Thanks again, you're the best
  • #70
  • Apr 18, 2008 1:57pm Apr 18, 2008 1:57pm
Hi Damon and people here, I've just joined the thread coming from the "old" APT ... hope this week end I have time to read all and begin to test with you ... ciao!
  • #71
  • Apr 18, 2008 2:34pm Apr 18, 2008 2:34pm
'Damonl, I have been thinking about the calculation for the lot sizes to enter par trade. You changed the lot size to 1 lot per $10,000. How do you come about the calculation? It used to be account size/400 then another 100 division. Let me know how you calculate this although I have found out that it is division by 10,000. I am still waiting on you though.
Trading Just Got Easier...
  • #72
  • Apr 18, 2008 2:52pm Apr 18, 2008 2:52pm
Quoting walesoje1
'Damonl, I have been thinking about the calculation for the lot sizes to enter par trade. You changed the lot size to 1 lot per $10,000. How do you come about the calculation? It used to be account size/400 then another 100 division. Let me know how you calculate this although I have found out that it is division by 10,000. I am still waiting on you though.
The reason is that I think we are entering trades with much less risk than before based upon the entry rules given. Less risk means that you can take more risk with your entrences. Also, at the time being we will be opening less trades which warratns putting more interest in the ones we do open.

That is my thoughts. What are you thinking?
"Keep your eyes on the helpers" - Mr. Rogers
  • #73
  • Apr 18, 2008 3:31pm Apr 18, 2008 3:31pm
Hi, guys
first at all, a option for the SW that will make him NOT REPAINTING is 1, any other option set will repaint.
this option will get you later in the market than the default option 2, but is much safe.
you can aplly a 0.25 value to the smooth factor, so you will get an earlier signal
warning - DO NOT USE THIS otherwise than consulting at least 2 TFs, 4H and 1H at least!

Damon, I watch your posted trades, but on specified TFs (MN, WK) there are no signals for BUY UJ and GJ yesterday.
the sole signal was on Daily tf for both, with SW turning green, so you can enter on confirmation on 4H and 1H tf (as I just did and hope you all did)
I don't say
  • #74
  • Apr 18, 2008 4:36pm Apr 18, 2008 4:36pm
Quoting dragosd1
Hi, guys
first at all, a option for the SW that will make him NOT REPAINTING is 1, any other option set will repaint.
this option will get you later in the market than the default option 2, but is much safe.
you can aplly a 0.25 value to the smooth factor, so you will get an earlier signal
warning - DO NOT USE THIS otherwise than consulting at least 2 TFs, 4H and 1H at least!

Damon, I watch your posted trades, but on specified TFs (MN, WK) there are no signals for BUY UJ and GJ yesterday.
the sole signal was on Daily tf for both, with SW turning green, so you can enter on confirmation on 4H and 1H tf (as I just did and hope you all did)
Thanks for the info....The repainting is fine with me as the rules I have set forth for producing the trade are clear and are also based on another indicator that does not repaint. The non-repainting settings get us in the market way to late.

As for the 4H and 1H, that may be a good suggestion, however that is impossible for me. I am happy with D1, W1 and M1.

Thanks again and happy pippin'
"Keep your eyes on the helpers" - Mr. Rogers
  • #75
  • Apr 18, 2008 4:41pm Apr 18, 2008 4:41pm
Quoting aviro25
may i ask stupid question? what does it means indicator repaints itself .

what does it means repaint? would sum one generous explain to me
Your question is not stupid....

Many indictors will keep there current position, value or color once a candlestick is closed.

When we say an indicator repaints it means that sometime after the close of a candlestick, the indicator will change color and value based on new price movement.

If you watch the SWI indicator and make a note of the values and colors on a few pairs you will notice that some of these will change in the future. This changing of values or colors is what is referred to as repainting.

Hope this has be clear
"Keep your eyes on the helpers" - Mr. Rogers
  • #76
  • Apr 18, 2008 4:42pm Apr 18, 2008 4:42pm
Quoting TheLegace
I am just astounded by todays trade. UC is up 110 pips, and UJ is 77. If pipis like this are made everyday, I think I might have found a new lover.


This looks like its gonna be a great system. And its perfect for me, since I can't waste my time scalping or even on h1 timeframes, I want to trade on daily charts. Wow this is really great. Damon i think you are right about this sytem, theres a lot of profit. I can't wait to trade live.

TheLegace
Yes...I believe so. Please keep in touch with how you are doing.
"Keep your eyes on the helpers" - Mr. Rogers
  • #77
  • Apr 18, 2008 4:44pm Apr 18, 2008 4:44pm
Quoting Bull
Hi my friend, I was aways for a few days, (again with some health problems, I'm better now) and was so great see that you began with this new thread.

I'll began to implement this new strategy next week, I'll try to understand everything during this weekend trying to be ready for Monday.

I few need something, please let me know.

Thanks again, you're the best
Hey Bull...glad to see that you are still around. I was worried that we lost you.

Please let me know if you have any questions.
"Keep your eyes on the helpers" - Mr. Rogers
  • #78
  • Apr 18, 2008 4:45pm Apr 18, 2008 4:45pm
Quoting autaret
Hi Damon and people here, I've just joined the thread coming from the "old" APT ... hope this week end I have time to read all and begin to test with you ... ciao!
Welcome my friend
"Keep your eyes on the helpers" - Mr. Rogers
  • #79
  • Edited 10:52pm Apr 18, 2008 5:15pm | Edited 10:52pm
I would like to introduce you to my Eat'em Up Gator Trade (EUGT)

Here is how this works. Place Bill William's Gator Oscillator (GO) on your charts with default settings beneath your SWI Indictor(s). Gator Oscillator is found as a part of your MT4 Trading Platform under Bill Williams in the Indicator section.

You will be basically looking for two set-up positions on the Gator Oscillator. That position will be a bar that closes with Green on the top and Red on the bottom. or with Red on top and Green on the bottom.

From here you will only be looking for confirmation of trend direction which is given to us by the SWI and will determine the direction of your trade.

Placing a Long Trade

1. Place a Long Trade as per our normal rules of engagement above or below the set-up day bar when the SWI is Green and the GO is Green on Top and Red on the Bottom or the GO is Red on Top and Green on the Bottom

2. Do not place this trade if the SWI is between the .6, -.06 levels and moving down

3. If this trade does not trigger, keep it as a pending order until the SWI has closed beneath .6 level. At that time cancel this pending order as you would do all your other pending orders and open orders

Placing a Short Trade

1. Place a Short Trade as per our normal rules of engagement above or below the set-up day bar when the SWI is red and the GO is Green on Top and Red on the Bottom or the GO is Red on Top and Green on the Bottom.

2. Do not place this trade if the SWI is between the .6, -.06 levels and moving up

3. If this trade does not trigger, keep it as a pending order until the SWI has closed above -.6 level. At that time cancel this pending order as you would do all your other pending orders and close out all open trades.

Money Management

Since these are more of our daily trades I feel that we can very easily keep the lot sizes for these trades fairly low. For these EUGT I think that we should use the following equation. Take your current accont balance and divide that by 300 (or 400 if you prefer) and then divide that number by 100.

This will be easy to figure out as I will have a calculation tool on the new spreadsheet

There you have it folks. Another nice trade idea to go along with your NLTT
"Keep your eyes on the helpers" - Mr. Rogers
  • #80
  • Apr 18, 2008 6:01pm Apr 18, 2008 6:01pm
You are right. Since we are sure we will be entering trades correctly and at the right time then we can risk more money from our accounts.

I think this should be tested really before it is effected because what has kept this system most successful is the money management incorporated into it.

I think so far we have done great and I think if we are trading live we can still keep the money management rules strict like it used to be while we demo trade the new lots for profitability and how profitable it would be while risking less account size.

I have also been looking at the repainting issue of the SWI and I noted in one of my posts that it would be nice if we use alerts too. Once the alert signals the crossing of SWI over or below 0 line then we are good to go.

I think this will really help too. You can check this too.



Quoting damonl
The reason is that I think we are entering trades with much less risk than before based upon the entry rules given. Less risk means that you can take more risk with your entrences. Also, at the time being we will be opening less trades which warratns putting more interest in the ones we do open.

That is my thoughts. What are you thinking?
Trading Just Got Easier...
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