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ATP (Advanced Trading Philosophy) - The Evolution to Greatness

  • #101
  • Apr 19, 2008 6:28pm Apr 19, 2008 6:28pm
Quoting Postrock
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?
Hey PR...Yes it does repaint...that is why I added the Non-Lag indicator which does not repaint and the EUGT which will not be effected by the repainting of the SWI for the most part.

The one thing that is still up in the air for me is how the repainting effects the exit signal, but I think I will find out in the near future.

This is a work in progress, but it will be a real winner I assure of that
"Keep your eyes on the helpers" - Mr. Rogers
  • #102
  • Apr 19, 2008 6:31pm Apr 19, 2008 6:31pm
Quoting rishi
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!
Because the SWI repaints, I am unable on back testing to be sure if the SWI changed colors at the same time or if it appears they did because the backtesting makes it look like they did. I will monitor this and see what happens during live trading.

Basically in live trading, you will be able to tell if the NL and the SWI change at the same bar. If they don't, then no trade would be placed.

Not to worry though as the EUGT would pick up a lot of the slack.
"Keep your eyes on the helpers" - Mr. Rogers
  • #103
  • Apr 19, 2008 6:41pm Apr 19, 2008 6:41pm
Quoting damonl
Hey PR...Yes it does repaint...that is why I added the Non-Lag indicator which does not repaint and the EUGT which will not be effected by the repainting of the SWI for the most part.

The one thing that is still up in the air for me is how the repainting effects the exit signal, but I think I will find out in the near future.

This is a work in progress, but it will be a real winner I assure of that
I must have missed some updates..i'll bring myself to pace tomorrow I'll also see if i can make new screenshots covering the changes to your system.
Have a good day.
  • #104
  • Apr 19, 2008 7:04pm Apr 19, 2008 7:04pm
Quoting Postrock
I must have missed some updates..i'll bring myself to pace tomorrow I'll also see if i can make new screenshots covering the changes to your system.
Have a good day.
Let me know how I can help

P.S.....I love your signature
"Keep your eyes on the helpers" - Mr. Rogers
  • #105
  • Apr 19, 2008 11:33pm Apr 19, 2008 11:33pm
Can you check post # 92 and let me know what you think?

Thank you.
Trading Just Got Easier...
  • #106
  • Apr 20, 2008 8:40am Apr 20, 2008 8:40am
Quoting walesoje1
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
Hey wlj...I missed this one.

I think for the EUGT trades, Equity or account balance would be fine. I am not sure that there is any right or wrong way to do it. The reason that I am kind of sticking with Account Balance right now is because I still want to see the repainting effects of the SWI on our Exit Rules.

Also....once I see the effects of the exit strategy with the repainting we can better determine if a S/L is needed. I am not a big fan of them, and would rather find a way to exit the market with out them. Hopefully we have found it.

Yes...the EUGT will only happen at certain times when the indicator says to. It could be that you could also make daily entries after the first EUGT signals.

I guess from here it really doesn't matter how often you place your trades as the SWI is great for keeping us in the trend even during a slight retracement. No matter what we do, i see very large pofits for us in the future using this method.

If you want to calculate lot sizes using equity instead of account balance, all you need to do is input your equity in the proper place on the spreadsheet intsead of your account balance and you should be good to go.

I also think that many things will become more clear to us as we proceed down this road, and the fine tuning will continue to manifest itself.

Please continue to post your observations and theories, and we will have the best trading method around. Let's just give it time to Evolve.

"Keep your eyes on the helpers" - Mr. Rogers
  • #107
  • Apr 20, 2008 10:41am Apr 20, 2008 10:41am
Hey DL...I've read through this thread and I think you have a very simple, yet reliable system. I am fairly new to forex, as I have been trading live for 8 months now using S&R , candlestick formations and trendlines as my basis for trading.
Visual backtesting your technique looks amazing, but there is the issue of the SW repainting which may be a cause for concern for some people. I hope the file I have attatched will help with the fine tuning of your system. I came across this trading simulator a few days ago on another thread here at FF, and this is the perfect situation to take advantage of it. There is a PDF explaining how to setup the files...it is very straight forward. This morning was the first time I used this simulator, so if anybody has questions, I may not be able to help you out.
Unfortunately, I do not have time to do any testing today as I am visiting the family, but maybe someone else does. Well, I got to go for now...once again, great system DL and I wish you all the best.

Cheers
Attached File(s)
File Type: zip Trading simulator.zip   491 KB | 353 downloads
  • #108
  • Apr 20, 2008 11:39am Apr 20, 2008 11:39am
Damon,
Thanks for what looks like a very interesting and useful system. Reading through the posts here I can't find an explanation of the colours of the Non Lag Indicator. If they are alread on the forum somewhere could you or someone else point me to where to find them.

Thanks very much

Max
Gravity goes both ways in forex...
  • #109
  • Apr 20, 2008 1:32pm Apr 20, 2008 1:32pm
There seems to be way too many ways of entering and adding new indicators is making it all the more confusing especially that bit about NLI and SWI changing on the same time being singals or not and all that.

This is one confused Welshman, I was with you for a while but now I'm completely lost.
  • #110
  • Apr 20, 2008 5:34pm Apr 20, 2008 5:34pm
Quoting Catch-22
There seems to be way too many ways of entering and adding new indicators is making it all the more confusing especially that bit about NLI and SWI changing on the same time being singals or not and all that.

This is one confused Welshman, I was with you for a while but now I'm completely lost.
I am in the same boat. Are these signal correct for today.

Sell EUR/GBP @ .7924
Sell EUR/USD @ 1.5808
  • #111
  • Apr 20, 2008 5:35pm Apr 20, 2008 5:35pm
Quoting max pips
Damon,
Thanks for what looks like a very interesting and useful system. Reading through the posts here I can't find an explanation of the colours of the Non Lag Indicator. If they are alread on the forum somewhere could you or someone else point me to where to find them.

Thanks very much

Max
When the NL closes in yellow it means that there is a change in direction anticipated. The rest of the colors don't really matter.
"Keep your eyes on the helpers" - Mr. Rogers
  • #112
  • Apr 20, 2008 5:36pm Apr 20, 2008 5:36pm
Quoting Catch-22
There seems to be way too many ways of entering and adding new indicators is making it all the more confusing especially that bit about NLI and SWI changing on the same time being singals or not and all that.

This is one confused Welshman, I was with you for a while but now I'm completely lost.
Please follow along with my daily analysis. It is much easier than it appears.
"Keep your eyes on the helpers" - Mr. Rogers
  • #113
  • Apr 20, 2008 5:37pm Apr 20, 2008 5:37pm
Quoting Abnormalone
I am in the same boat. Are these signal correct for today.

Sell EUR/GBP @ .7924
Sell EUR/USD @ 1.5808
These are two of many trades to be placed today. I will post the rest for all to follow along.
"Keep your eyes on the helpers" - Mr. Rogers
  • #114
  • Apr 20, 2008 5:43pm Apr 20, 2008 5:43pm
I wanted to give you an updated spreadsheet for those who wanted to trade the DNLTT as wlj has brought up.

For the most part, the DNLTT trade is a trade that is taken every time the SWI has a Higher High in an uptrend and a Lower Low in a downtrend. It is very easy and you will all get the hang of it.

I have it set-up that you should only take one trade per day per pair even if you get multiple signals from the different trades.

If you get multiple signals and one of them is a NLTT you would take this trade with its MM.

If you get multiple signals and one of them is a EUGT and the other is not a NLTT you would use the EUGT with its MM.

All you need to do is make sure that both input fields on the top contain your account balance and all calculations will be done for you.

Happy pippin.

Updated Spreadsheet:
Attached File(s)
File Type: xls ATP-ETG-Master.xls   75 KB | 327 downloads
"Keep your eyes on the helpers" - Mr. Rogers
  • #115
  • Edited 6:45pm Apr 20, 2008 5:52pm | Edited 6:45pm
AUD/USD - No Trade Today
EUR/USD - NLTT - Sell @ 1.5709
GBP/USD - EUGT - Buy @2.0003
USD/CAD - No Trade Today -
USD/CHF - EUGT - Buy @ 1.0286
USD/JPY - No Trade Today - Close any pending Long Orders and all Open Trades
GBP/JPY - No Trade Today - Close any pending Long Orders and all Open Trades
GBP/CHF - EUGT - Buy @ 2.0503
EUR/GBP - EUGT - Sell @ .7873
NZD/USD - No Trade Today
EUR/JPY - No Trade Today - Close any pending Long Orders and all Open Trades
EUR/CHF - No Trade Today - Close any pending Long Orders and all Open Trades
EUR/AUD - No Trade Today - Close any pending Short Orders and all Open Trades
EUR/CAD - DNLTT - Sell @ 1.5793

Please keep in mind that we will need to modify our orders as per the close of Sunday's bar in about 15 minutes.

I will give you those modifications as well.

Happy pippin'
"Keep your eyes on the helpers" - Mr. Rogers
  • #116
  • Apr 20, 2008 5:59pm Apr 20, 2008 5:59pm
Quoting Abnormalone
I am in the same boat. Are these signal correct for today.

Sell EUR/GBP @ .7924
Sell EUR/USD @ 1.5808
I am sorry...these are wrong. You are placing your orders in the wrong spot.

Both orders would be placed below the low of Friday's bar
"Keep your eyes on the helpers" - Mr. Rogers
  • #117
  • Apr 20, 2008 7:30pm Apr 20, 2008 7:30pm
I am trying to see the extent of the solarwind repainting but there is not currently enough movement in the market, even on the lowest time scales. Is it just the last bar that repaints and is it just colour or level.

Thanks

an intrigued Max
Gravity goes both ways in forex...
  • #118
  • Apr 20, 2008 7:32pm Apr 20, 2008 7:32pm
AUD/USD - No Change
EUR/USD - No Change
GBP/USD - No Change
USD/CAD - No Change
USD/CHF - Close all Long Pending Orders and close all Open Positions
USD/JPY - No Change
GBP/JPY - EUGT - Buy @ 209.09
GBP/CHF - Close all Long Pending orders and close all Open Positions
EUR/GBP - Close all Short Pending orders and close all Open Positions
NZD/USD - No Change
EUR/JPY - EUGT - Buy @ 164.71
EUR/CHF - No Change
EUR/AUD - No Change
EUR/CAD - Cancel all pending Short Orders and close all Open Positions

Now...Normally we would have waited until the close of Sunday's bar to place/cancel any orders. There is no need to do this twice like we did here tonight. I only wanted to show those who were following along how to make the trades.

From here on out, we will just use Sunday's close to place trades for Monday.

Nave a great night and happy pippin'
"Keep your eyes on the helpers" - Mr. Rogers
  • #119
  • Apr 20, 2008 7:34pm Apr 20, 2008 7:34pm
Quoting max pips
I am trying to see the extent of the solarwind repainting but there is not currently enough movement in the market, even on the lowest time scales. Is it just the last bar that repaints and is it just colour or level.

Thanks

an intrigued Max
Usually it is only the last bar the repaints and for the most part if it is more than one bar it is because market has been very near the 0 level for quite sometime. Which in this case does not effect us because we don't place any trades around this level anyway.

I think you will like it and do keep in touch
"Keep your eyes on the helpers" - Mr. Rogers
  • #120
  • Apr 20, 2008 8:51pm Apr 20, 2008 8:51pm
thanks damon

You are a true hero to the masses!

Max
Gravity goes both ways in forex...
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