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ATP (Advanced Trading Philosophy) - The Evolution to Greatness

  • #81
  • Edited 8:12pm Apr 18, 2008 6:23pm | Edited 8:12pm
Damonl,

I looked at trading using the GO and there seem to be a mistake on the details you provided on placing short trade which was marked in red below. It should be Red on Top and Green Below for Short Trades. Check well.

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.

Another question I want to ask you is the NLTT rules. Have you posted them or are we waiting for them yet?

Would the EUGT trade be on a daily basis too or just when the GO confirms the trade?

What would be the exit rules too?
Trading Just Got Easier...
  • #82
  • Apr 18, 2008 6:36pm Apr 18, 2008 6:36pm
Quoting damonl
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
Just to make this issue very clear. Say we have a close of a daily candle and it's green (up). The next day the current candle goes down and at the end of the day closes below the previous daily candle closing price. After the close of the current daily candle if you go back to the previous days candle you will see it is now changed to red (down). You just need to be aware that this happens with the SWI indicator. This also happens with the slope indicator that is used in the "Trade the Slope" thread. I believe you will see this repainting issue with the NLI too when there is a color change.
  • #83
  • Apr 18, 2008 10:39pm Apr 18, 2008 10:39pm
Quoting walesoje1
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.
Hey wlj...you definitely bring out some good points. So far out money management has been nice being able to trade smaller lot sizes and still walking away with the nice profits.

I still think that it is okay to stick with what I have laid out so far for the NLTT as these are high probably profit trades which is what we want, plus these will happen earliest in the run which is okay. How about we then go back to the initial money management strategy for our regular daily signals then. This way we will keep the rest of our risk relatively small.

I will make an edit to the EUGT rules about MM.

"Keep your eyes on the helpers" - Mr. Rogers
  • #84
  • Apr 18, 2008 11:20pm Apr 18, 2008 11:20pm
Quoting walesoje1
Damonl,

I looked at trading using the GO and there seem to be a mistake on the details you provided on placing short trade which was marked in red below. It should be Red on Top and Green Below for Short Trades. Check well.

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.


Another question I want to ask you is the NLTT rules. Have you posted them or are we waiting for them yet?

Would the EUGT trade be on a daily basis too or just when the GO confirms the trade?

What would be the exit rules too?
Hey wlj...not wrong, but you did get me thinking about something....Let's keep Evolution to Greatness as simple as possible. For that reason, please see my post below

And yes...the NLTT are posted in post #56
"Keep your eyes on the helpers" - Mr. Rogers
  • #85
  • Apr 18, 2008 11:22pm Apr 18, 2008 11:22pm
Hello Everyone.....

If you have not noticed I have modified the entry rules for EUGT entries. You can view these modifications by going to post #79 above.

I have done this for one reaon....To Keep 'Evolution To Greatness' Simplicified.....

After setting up the original rules for EUGT, I was going to look for a few other entry positions using some otehr indicators like AO, AC, Stochastics, etc.....but then I thought with all the variation that the GO has, I think we could make this our only indicator for entering new trades and so that is what I have done. This means that we should easily be able to tell what trades need to be placed on a dainy basis without spening a whole lot of time doing it

With that said, please see the changes above and now I think the only thing we need to continue to look at is the Exit Rules and see how the current rules interact with the repainting SWI

We are truly on our way to bagging some massive pips
"Keep your eyes on the helpers" - Mr. Rogers
  • #86
  • Edited Apr 19, 2008 12:01am Apr 18, 2008 11:40pm | Edited Apr 19, 2008 12:01am
Hello everyone...

Attached below is the spreadsheet that you can use to manage your 'Evolution to Greatness' Trades.

Here is how to use this spreadsheet:

Part 1 - Money Management

The spreadsheet has built in alogorithms that you can use to easily determine the recommended lot size for either your NLTT or EUGT. Please note that each of these individual trades uses two different types of calculations. This section is conveniently located at the top of the spreadsheet.

The first grid deals with the MM for the NLTT trades. Notice how there is 3 seperate calculations that coincide with the determined level of risk (green, orange or yellow) as is determined by our three charts (D1,W1 and M1).

The second gri deals with the MM for the EUGT. Because there are quite a few more of these trades, the lot sizes will by much smaller and are not based on a level of risk as NLTT trades are.

All you need to do here is type in your account balance (no decimal) in each of the "Bright Yellow" boxes at the top of the spreadsheet that say "Input Value Here". All the calculations from here will be done for you. Just update this field everyday to caculate any trades that you will make that day.

Part 2 - How to Manage your Daily Trading Activity

Next on the spreadsheet you will see that we start to get into each of the currency pairs that we will be trading. Here is how to manage is box within the grid of each pair.

Risk Box: Here is where you would determine your risk level of Green, Orange or Yellow for your NLTT. All you need to do is color this box approprietly tp correspond with the color of risk level you are in.

Today's Color: You will color this box to coincide with the color of the last closed bar of the SWI. Green for up and Red for Down.

Trade: You will color this box either Red or Green. Red for No Trade and Green for Trade. The calculations for this box will be taken from the Daily Chart and will include all factors that determine a trade as described in the rules for each trade type.

Trae Type: This is already filled in and does not need to be changed.

Direction: This will determine the direction of your trade at easy reference...eitehr Long or Short.

Set Date: Put the date you are setting your pending order.

Order Status: If you are just placing your order put "Pending". When you order has triggered and it is now open change to "Open"

Entry Price: Put the price at which you placed your Pending Order.

1st, 2nd and 3rd Deciphers: Color these boxed as follows using the Daily Chart. Using these three boxes together determines the color of your risk level as stated above.

  1. Red for Down Trend
  2. Green for Up Trend
  3. Gray for No Trend

Please remember that if the SWI is red and is signalling a Down Trend but the bar is between .6, -.6 and movin up, this would determine a No Trend classification.

That is all there is to it. As usual, I will upload my Spreadsheet on a daily basis starting next week so you will be able to compare yours to mine and ask questions accordingly.

Enjoy trading Evolution to Greatness and I will see you around the thread and answer any questions as you have them. Please do not be afraid to post your results or questions as they will no doubtedly help others.



Master Spreadsheet:

Attached File(s)
File Type: xls ATP-ETG-Master.xls   65 KB | 330 downloads
"Keep your eyes on the helpers" - Mr. Rogers
  • #87
  • Edited 1:57am Apr 19, 2008 12:50am | Edited 1:57am
Do you want to keep the lot sizes on NLTT the way they are? 1 lot for $10,000 on yellow risk level and on?

Is the NLTT to be traded on a daily basis provided the NLI is still in it's direction?

I understand there is signal for EUGT and it is not constant but for NLTT which can be there for weeks, what do you think? I suggest it should be traded on a daily basis.

Also, the spreadsheet specified that the current account balance should be entered. Is it account balance or equity?
Trading Just Got Easier...
  • #88
  • Apr 19, 2008 2:10am Apr 19, 2008 2:10am
Hi damonl,

You really shown us a very good MM and trading philosophy. I am sure this could improve the P/L a lot.

Now i have a stupid question about the indicator. Is the Solar Wind Indicator a repaint indicator? I tried that out in a back-test and find that it seems it is.

Cheers,
  • #89
  • Apr 19, 2008 2:38am Apr 19, 2008 2:38am
My attempt..

Quoting damonl
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)
http://www.shareapic.net/preview3/007747274.gif
Quoting damonl
2. When should we place additional positions? (Use 1st indicator only)
http://www.shareapic.net/preview3/007747276.gif
Quoting damonl
3. When should we not place any additional orders and cancel all pending orders? (Use 2nd indicator only)
http://www.shareapic.net/preview3/007747278.gif
Quoting damonl
4. When should we resume placing daily orders in the direction we were headed? (Use 1st indicator only)
http://www.shareapic.net/preview3/007747279.gif
Quoting damonl
5. When should we get out of the market? (Use 1st indicator only)
http://www.shareapic.net/preview3/007747280.gif
  • #90
  • Apr 19, 2008 4:31am Apr 19, 2008 4:31am
Quoting walesoje1
Do you want to keep the lot sizes on NLTT the way they are? 1 lot for $10,000 on yellow risk level and on? Yes...because it is a one time trade only for the signal

Is the NLTT to be traded on a daily basis provided the NLI is still in it's direction? It is a one time trade

I understand there is signal for EUGT and it is not constant but for NLTT which can be there for weeks, what do you think? I suggest it should be traded on a daily basis. It is probably a good idea to trade on a daily basis, but then you should limit your risk in lot sizes, but I still think for the one trade you should go a bit more. JMHO

Also, the spreadsheet specified that the current account balance should be entered. Is it account balance or equity?
I was thinking about it and yes..I think account balance is better here because as you will see, if we only use the current exit rules, you should not be taking many losses, but might have drawdown near the exit poins. That way I think you should stick to Account Balance this time

Hey wlj...please see my replies above in blue

Got to run...I willl be back this evening
"Keep your eyes on the helpers" - Mr. Rogers
  • #91
  • Apr 19, 2008 4:32am Apr 19, 2008 4:32am
Quoting fxBatman
Hi damonl,

You really shown us a very good MM and trading philosophy. I am sure this could improve the P/L a lot.

Now i have a stupid question about the indicator. Is the Solar Wind Indicator a repaint indicator? I tried that out in a back-test and find that it seems it is.

Cheers,
yes...it does repoint, but no backtest is necessary I can see clearly that it is a big money maker
"Keep your eyes on the helpers" - Mr. Rogers
  • #92
  • Edited 5:02am Apr 19, 2008 4:36am | Edited 5:02am
Postrock, your charts are not really care. Maybe you can actually mark off the points you were actually referring to.

Damonl, still on MM, can you let me know your Imaginary Stop Loss Factor (ISLF) calculation? I have tried calculating it but what I understand is that it is the same like it used to be. Can you shed more light on this?

I think account balances can actually be considered for the NLTT but for the EUGT margin should be used since we are dealing with small lot sizes.

I am also suggesting the use of S/L for both trades as to save much profits although we won't experience turn around of trend with us knowing but at least to keep the profits safe as we forge ahead.

Does that mean EUGT will only be entered on days when there is a Red and Green colour on the GO? If that is the case then I think NLTT should have daily trades like DNLTT for dailies. When the NLI and SWI are still in accord i.e. agreeing to the same trend, then we can always place dailies to earn more profits.

%2
Trading Just Got Easier...
  • #93
  • Apr 19, 2008 5:12am Apr 19, 2008 5:12am
Hi Damon, and everybody

Let me please ask you some questions in order to clarify some doubts.

NLTT Strategy:

I've doubts about the Decipher, It's clear for me when we're in Green, Orange and Yellow, but after check in my charts I saw the following values of the SWI, basically in monthly and weekly, (daily change every day ofcourse but the oders will us the way).

Can please see if it's ok my values or if I'm doing something wrong:

....................Monthly..........//........Weekly
AUDUSD ... 0.23 No Trend......//.....0.10 No Trend
EURUSD.... 0.27 No Trend......//.....0.18 No Trend
GBPUSD... -0.15 No Trend......//.....-0.05 No Trend
USDCAD.... 0.07 No Trend......//.....0.12 No Trend
USDCHF... -0.21 No Trend......//.....-0.12 No Trend
USDJPY... -0.18 No Trend......//.....0.01 No Trend
GBPJPY... -0.21 No Trend......//.....0.01 No Trend
GBPCHF... -0.25 No Trend......//.....-0.15 No Trend
EURGBP.... 0.27 No Trend......//.....0.22 No Trend
EURJPY.... 0.04 No Trend......//.....0.16 No Trend
EURCHF... -0.07 No Trend......//.....0.13 No Trend
EURAUD.... 0.20 No Trend......//.....0.15 No Trend

As you can see ALL said "no trade", please help me to see what I'm doing wrong.

Thanks a lot
  • #94
  • Apr 19, 2008 5:34am Apr 19, 2008 5:34am
Quoting walesoje1
Postrock, your charts are not really care. Maybe you can actually mark off the points you were actually referring to.
%2
Sorry..i marked them..but i'll further comment them in order to clarify myself. (hope its ok to repost)

Answer 1:
http://www.shareapic.net/preview3/007747274.gif
My entry point would have been at the break up of the bar marked by the little red arrow..Damon told us not to care for the 0.3 signs.

Answer 2:
http://www.shareapic.net/preview3/007747276.gif
I would have made an additional entry at the break of the following day bar. Sorry if i made 2 red lines..i refer to the upper one only as the lower was my first entry.

Answer 3:
http://www.shareapic.net/preview3/007747278.gif
I would close pending orders when i had the signal marked by red cross on the left.
The cross on the right instead markes a signal that would tell me to keep my opened positions but not opening new ones.

Answer 4
http://www.shareapic.net/preview3/007747279.gif
The "Solar" bars i marked with the "here" comment would be signals that tell me i can start opening new positions in the same direction (this example shows shorts).

Answer 5
http://www.shareapic.net/preview3/007747280.gif
I would get out of the market if in the next session the price would drop below the low of last day's bar (marked with the red line)

This is my interpretation. Hopefully i'm not too far off..
  • #95
  • Apr 19, 2008 6:06am Apr 19, 2008 6:06am
Damon, can you please take a look at my chart and let me know if I'm reading well the NLTT Strategy.

Sequence:

 

  1. 1st Buy Entry Order at 1.5773 (1st bar above 0.03).-
  2. 2nd BEO at 1.5733 (higher high) // 1st BEO till Pending.-
  3. 3rd BEO at 1.5731 (higher high) // 1st & 2ns till Pending.-
  4. 4th BEO at 1.5797 (higher high) // all pending open triggered // 3 Open Position - 1 Pending Order.-
  5. 5th BEO at 1.5864 (higher high) // 4th PO triggered // 4 Open Position - 1 Pending Order.-
  6. 5th PO triggered // We don't have any pending order but in the case that we've we must to cancel it because we've a Lower High // 5 Open Position - No Pending Orders.-
  7. Close ALL Open position at the close of this bar (1.5824) because 2nd indicator in below 0.06 // No Open Position - No Pending Order (a lot of money into the Bank )
  8. Nothing to do.-
  9. New BEO at 1.5885 (higher high).-
  10. Cancel all Pending order (lower high).-
  11. Nothing to do.-


It's Ok???

Attached Image (click to enlarge)
Click to Enlarge Name: atp ii.gif Size: 15 KB
  • #96
  • Apr 19, 2008 10:22am Apr 19, 2008 10:22am
Damon's Second Entry Signal:

"Second, the NLI will give you it's signal at the same time that the SWI has also given you a direction change. This is a valid signal. One note is that many times the NL will come first, and then the SWI will repaint and actually repaint enough bars that it will now appear in hindsight that the SWI and the NL changed on the same bar even so they didn't. As opposed to above, this is not a valid signal. Once again, if the NLI has siganlled first and 2 bars later the SWI repaints and makes it appear that the SWI and the NL gave signals at the same time, this is not a valid signal. As above if this happens and the SWI repaointing makes it look in hindsight that the SWI did indeed change before the NLI signal, this would be a valid signal."

Damon - I was unable to grasp the concept. Can you please elaborate. May be a screenshot - Thanks for all the help!
  • #97
  • Apr 19, 2008 4:05pm Apr 19, 2008 4:05pm
Quoting Bull
Hi Damon, and everybody

Let me please ask you some questions in order to clarify some doubts.

NLTT Strategy:

I've doubts about the Decipher, It's clear for me when we're in Green, Orange and Yellow, but after check in my charts I saw the following values of the SWI, basically in monthly and weekly, (daily change every day ofcourse but the oders will us the way).

Can please see if it's ok my values or if I'm doing something wrong:

....................Monthly..........//........Weekly
AUDUSD ... 0.23 No Trend......//.....0.10 No Trend
EURUSD.... 0.27 No Trend......//.....0.18 No Trend Long Trend...Last closed bar is still about .6
GBPUSD... -0.15 No Trend......//.....-0.05 No Trend
USDCAD.... 0.07 No Trend......//.....0.12 No Trend
USDCHF... -0.21 No Trend......//.....-0.12 No Trend
USDJPY... -0.18 No Trend......//.....0.01 No Trend
GBPJPY... -0.21 No Trend......//.....0.01 No Trend
GBPCHF... -0.25 No Trend......//.....-0.15 No Trend
EURGBP.... 0.27 No Trend......//.....0.22 No Trend Long Trend...Last closed bar is still above .6
EURJPY.... 0.04 No Trend......//.....0.16 No Trend
EURCHF... -0.07 No Trend......//.....0.13 No Trend Long Trend...Last closed bar is still above .6
EURAUD.... 0.20 No Trend. Long Trend...Last SWI close in green has a higher high then the previous months close.....//.....0.15 No Trend

As you can see ALL said "no trade", please help me to see what I'm doing wrong.

Thanks a lot
Please see my corrections in blue above. You are very close to having it right...just a few small clarifications. I hope that this helps
"Keep your eyes on the helpers" - Mr. Rogers
  • #98
  • Apr 19, 2008 4:13pm Apr 19, 2008 4:13pm
I'm not sure if we covered this yet (i remember it mentioned but nothng more)..

the Solar Wind REPAINTS..it was already said..but i wonder, does it still give good signals even that considered?
How many bars back does this indicator repaint when new data is received?
  • #99
  • Apr 19, 2008 4:14pm Apr 19, 2008 4:14pm
Quoting Postrock
Sorry..i marked them..but i'll further comment them in order to clarify myself. (hope its ok to repost)

Answer 1:
http://www.shareapic.net/preview3/007747274.gif
My entry point would have been at the break up of the bar marked by the little red arrow..Damon told us not to care for the 0.3 signs.

Answer 2:
http://www.shareapic.net/preview3/007747276.gif
I would have made an additional entry at the break of the following day bar. Sorry if i made 2 red lines..i refer to the upper one only as the lower was my first entry.

Answer 3:
http://www.shareapic.net/preview3/007747278.gif
I would close pending orders when i had the signal marked by red cross on the left.
The cross on the right instead markes a signal that would tell me to keep my opened positions but not opening new ones.

Answer 4
http://www.shareapic.net/preview3/007747279.gif
The "Solar" bars i marked with the "here" comment would be signals that tell me i can start opening new positions in the same direction (this example shows shorts).

Answer 5
http://www.shareapic.net/preview3/007747280.gif
I would get out of the market if in the next session the price would drop below the low of last day's bar (marked with the red line)

This is my interpretation. Hopefully i'm not too far off..
Hello PR..

You have them all correct except for the last chart. The only valid exit would be falling below the .6 or going above the -.6.

However....I apoligize, but I find that the new rules of the NLTT and the EUGT are more suited for this system. If you would not mind, try uploading charts based on these entry points. Just the same, the way that you are trading above, though older, will still be profitable for you.

Also wlj thinks it is a good idea to enter a trade on everybar, which I am think is also a good idea, but I would rather use signals then just random entering.

I think there are many ways to trade once you understand the main premise.....Find the trend and add on additional entries as the price continues to go in your direction.

Hope this has been helpful...good job
"Keep your eyes on the helpers" - Mr. Rogers
  • #100
  • Apr 19, 2008 4:24pm Apr 19, 2008 4:24pm
Quoting Bull
Damon, can you please take a look at my chart and let me know if I'm reading well the NLTT Strategy.

Sequence:

  1. 1st Buy Entry Order at 1.5773 (1st bar above 0.03).-
  2. 2nd BEO at 1.5733 (higher high) // 1st BEO till Pending.-
  3. 3rd BEO at 1.5731 (higher high) // 1st & 2ns till Pending.-
  4. 4th BEO at 1.5797 (higher high) // all pending open triggered // 3 Open Position - 1 Pending Order.-
  5. 5th BEO at 1.5864 (higher high) // 4th PO triggered // 4 Open Position - 1 Pending Order.-
  6. 5th PO triggered // We don't have any pending order but in the case that we've we must to cancel it because we've a Lower High // 5 Open Position - No Pending Orders.-
  7. Close ALL Open position at the close of this bar (1.5824) because 2nd indicator in below 0.06 // No Open Position - No Pending Order (a lot of money into the Bank )
  8. Nothing to do.-
  9. New BEO at 1.5885 (higher high).-
  10. Cancel all Pending order (lower high).-
  11. Nothing to do.-

It's Ok???

It's OK....

I have changed a few things since then by adding the NLTT and the EUGT, but the way you would be trading this would be very profitable.

I am sorry for all the changes, but I am still getting used to the repainting and that has got me making some modifications along the way.
"Keep your eyes on the helpers" - Mr. Rogers
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