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ATP (Advanced Trading Philosophy) - Phasing into Income Potential

  • #21
  • Apr 23, 2008 6:32am Apr 23, 2008 6:32am
Hey guys.....

I think we are risking too much per trade at the present moment. It becomes most apparrent during a ranging market when we could end up being down 1000-2000 pips. This is too much DD for a 10K account.

I am uploading a new Spreadsheet below where the lot calulations can be changed to your individual preference. For now I have defaulted them to using wales' 40000 divider.

Everything on the spreadsheet is the same. The 2 'bright yellow' boxes on the top are the editable figures. One is set to '40000' and the other to 'Enter Value'

I suggest that you use your Current Account Balance in the 'Enter Value' box and then you can change the 40000 to what ever number you would like to come up with you lot sizes/

The lot sizes for the Weak Trend is still half of the Strong Trend figures\

Enjoy and I will get back to you after work tonight.

Updated Spreadsheet:
Attached File(s)
File Type: xls ATP-PIUIP.xls   71 KB | 384 downloads
"Keep your eyes on the helpers" - Mr. Rogers
  • #22
  • Apr 23, 2008 6:47am Apr 23, 2008 6:47am
Hey Damon,
Don't mean to ridicule you or anything like that. But I just can't help it when i saw your excel file says STONG Trend instead of STRONG.

Just kidding.. Thanks a lot for the Excel file..

  • #23
  • Apr 23, 2008 7:33am Apr 23, 2008 7:33am
Hi Damon,

I made some changes in your last Spreadsheet, I hope that you like it.

References:

 

  1. Current Equity Balance = Insert your Account Balance or Equity.-
  2. Weekly NL = Is a Drop List, just choose one.-
  3. Weekly SWI = Is a Drop List, just choose one.-
  4. Daily SWI = Is a Drop List, just choose one.-
  5. Type of Trend = Automatically calculate following the rules.-
  6. Direction = Automatically calculate in base of Weekly SWI.-
  7. Action = Automatically calculate following the rules.-
  8. Lots Trade = Automatically calculate following the MM rules.-
  9. Set Date = Insert the date.-
  10. Order Status = Is a Drop List, just choose one.-
  11. Entry Price = Insert the entry value.-


It's already filled the first row of each pair for today.

I Hope that like it

Attached File(s)
File Type: xls ATP-Phasing.xls   242 KB | 367 downloads
  • #24
  • Apr 23, 2008 8:42am Apr 23, 2008 8:42am
Bull,

Your help and efforts are always appreciated. Something is wrong with the spreadsheet. I don't see any dropdowns.

TimeFreedom

Quoting Bull
Hi Damon,

I made some changes in your last Spreadsheet, I hope that you like it.

References:

  1. Current Equity Balance = Insert your Account Balance or Equity.-
  2. Weekly NL = Is a Drop List, just choose one.-
  3. Weekly SWI = Is a Drop List, just choose one.-
  4. Daily SWI = Is a Drop List, just choose one.-
  5. Type of Trend = Automatically calculate following the rules.-
  6. Direction = Automatically calculate in base of Weekly SWI.-
  7. Action = Automatically calculate following the rules.-
  8. Lots Trade = Automatically calculate following the MM rules.-
  9. Set Date = Insert the date.-
  10. Order Status = Is a Drop List, just choose one.-
  11. Entry Price = Insert the entry value.-

It's already filled the first row of each pair for today.

I Hope that like it

  • #25
  • Apr 23, 2008 8:50am Apr 23, 2008 8:50am
Hi TF,

just click on the box and it will show up...se pic.

PC



Quoting TimeFreedom
Bull,

Your help and efforts are always appreciated. Something is wrong with the spreadsheet. I don't see any dropdowns.

TimeFreedom
Attached Image
Less is more...
  • #26
  • Edited 10:45am Apr 23, 2008 10:15am | Edited 10:45am
Quoting Bull
I made some changes in your last Spreadsheet, I hope that you like it.
Thanks Bull. Good job and also thanks for not putting in a password when protecting the sheet. Due to that I was able to make some amendments especially for the guys whose broker doesnīt use lots, like mine.

I assume that 1 lot equals 100,000. So I changed the calculation for the lot sizes.

I hope this is of any help.

Thanks again Bull and also Damonl for the good work here.
Attached File(s)
File Type: xls ATP-Phasing.xls   183 KB | 370 downloads
  • #27
  • Apr 23, 2008 10:41am Apr 23, 2008 10:41am
Quoting DaBuschi
Thanks Bull. Good job and also thanks for not putting in a password when protecting the sheet. Due to that I was able to make some amendments especially for the guys whose broker doesnīt use lots, like mine.

I assume that 1 lot equals 100,000. So I changed the calculation for the lot sizes.

I hope this is of any help.

Thanks again Bull and also Damonl for the good work here.
Link to your spreadsheet doesn't work.
Is your SL my TP?
  • #28
  • Apr 23, 2008 10:46am Apr 23, 2008 10:46am
Pip,

Don't know how i missed that. I am usually very comp. savvy.

TimeFreedom

Quoting pipcruiser
Hi TF,

just click on the box and it will show up...se pic.

PC
  • #29
  • Apr 23, 2008 10:47am Apr 23, 2008 10:47am
Hi everybody,

Thanks to all for your words.

I made (again) some changes not only in the layout, following the idea of DaBuschi, I put in the "Money Management" sheet the option to choice between 4 different styles for your MM, Safty Trader (that mind Balance/40.000); Conservative (Balance/30.000); Moderate (Balance/20000) and Aggressive (Balance/10000), when you pick up one option will automatically updat or set your lots size.

I hope that you like...
Attached File(s)
File Type: xls ATP - Income Potential.xls   319 KB | 418 downloads
  • #30
  • Apr 23, 2008 10:48am Apr 23, 2008 10:48am
Quoting kenmania
Link to your spreadsheet doesn't work.
Itīs actually not a link, but an upload. Are others having the same problem?
  • #31
  • Apr 23, 2008 10:52am Apr 23, 2008 10:52am
Quoting DaBuschi
Itīs actually not a link, but an upload. Are others having the same problem?
I just tried it again and it worked that time. Thanks.
Is your SL my TP?
  • #32
  • Apr 23, 2008 10:53am Apr 23, 2008 10:53am
BTW, following Orders for today (see post #10) I've now 4 Open positions....

 

  1. Long AU at .9504
  2. Long UJ at 103.57
  3. Short GCHF at 1.9979
  4. Long ECHF at 1.6095


Somebody are in too???

  • #33
  • Apr 23, 2008 10:57am Apr 23, 2008 10:57am
Long UJ @ 103.57

Long EJ @ 164.97

Long AU @ .9477
Is your SL my TP?
  • #34
  • Apr 23, 2008 11:20am Apr 23, 2008 11:20am
Quoting Bull
Hi everybody,

Thanks to all for your words.

I made (again) some changes not only in the layout, following the idea of DaBuschi, I put in the "Money Management" sheet the option to choice between 4 different styles for your MM, Safty Trader (that mind Balance/40.000); Conservative (Balance/30.000); Moderate (Balance/20000) and Aggressive (Balance/10000), when you pick up one option will automatically updat or set your lots size.

I hope that you like...
And that one as well amended for the guys who canīt use lot sizes

Thanks Bull. Great job. By the way. You use formulas for the dates, that are linked to a file on your pc. I fixed that in my sheet.

I like your idea of different risk options
Attached File(s)
File Type: xls ATP-IncomePotential.xls   310 KB | 478 downloads
  • #35
  • Apr 23, 2008 11:23am Apr 23, 2008 11:23am
Bull, Can you make your spreadsheet importable to Google Spreadsheet? I tried to import and open on Google Spreadsheet but it will not work.

Quoting Bull
Hi Damon,

I made some changes in your last Spreadsheet, I hope that you like it.

References:

  1. Current Equity Balance = Insert your Account Balance or Equity.-
  2. Weekly NL = Is a Drop List, just choose one.-
  3. Weekly SWI = Is a Drop List, just choose one.-
  4. Daily SWI = Is a Drop List, just choose one.-
  5. Type of Trend = Automatically calculate following the rules.-
  6. Direction = Automatically calculate in base of Weekly SWI.-
  7. Action = Automatically calculate following the rules.-
  8. Lots Trade = Automatically calculate following the MM rules.-
  9. Set Date = Insert the date.-
  10. Order Status = Is a Drop List, just choose one.-
  11. Entry Price = Insert the entry value.-

It's already filled the first row of each pair for today.

I Hope that like it

  • #36
  • Apr 23, 2008 11:55am Apr 23, 2008 11:55am
Hi DaBuschi - 1 mini lot is 10,000. Thanks

Quoting DaBuschi
And that one as well amended for the guys who canīt use lot sizes

Thanks Bull. Great job. By the way. You use formulas for the dates, that are linked to a file on your pc. I fixed that in my sheet.

I like your idea of different risk options
  • #37
  • Apr 23, 2008 12:09pm Apr 23, 2008 12:09pm
Hi DaBuschi,

I use OANDA as my broker. They use the lot concept. So your Spreadsheet is perfect. I thought of giving few suggestions; if you feel they are acceptable, you can incorporate in the Spreadsheet:

1) Can you bring the latest week on the top May be it will be a good idea to use a Macro for this......i.e. at the end of Week add the rows and the format

2) Number the week in the Format 08Week17. You can use the following Formula

IF(D22>0,RIGHT(YEAR(D22),2)&" Week"&WEEKNUM(D22),"")
Just an example where D22 is the Week start date

3) Rounding off the lot size to remove the decimals and ROUNDDOWN to make it multiplies of Hundred

4) Pivot on one Tab to show the pair/ date / direction/Order status for Daily Status

I thank you and Bull to make Damon's system successful. Let's work together.

Regards,
Fx4gain
  • #38
  • Apr 23, 2008 1:27pm Apr 23, 2008 1:27pm
Hello guys,

I have checked all the excel files and they are good but one thing I would like to draw our attention to is that we have different risk tolerance so you can keep your risk level minimal as much as you want.

All the best.
Trading Just Got Easier...
  • #39
  • Apr 23, 2008 2:25pm Apr 23, 2008 2:25pm
Bull, TF and DaBuschi, can you all check this attachment and add it to your excel and upload it for us all.

This is just to calculate the prices for our pending order for all currency pairs.
Attached File(s)
File Type: xls Pending Order Calculation.xls   15 KB | 371 downloads
Trading Just Got Easier...
  • #40
  • Apr 23, 2008 3:03pm Apr 23, 2008 3:03pm
Quoting walesoje1
Bull, TF and DaBuschi, can you all check this attachment and add it to your excel and upload it for us all.

This is just to calculate the prices for our pending order for all currency pairs.
Hi Wale, was a very good suggestion, it's Done, now in "Action" you will see "Place a New Sell Entry Order at x.xxxx", you must to fill everyday the last column where is the High or Low of the day.

Please let me know if you have another idea, always will be appreciate
Attached File(s)
File Type: xls ATP - Income Potential.xls   343 KB | 340 downloads
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