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ATP (Advanced Trading Philosophy) - Phasing into Income Potential

  • #41
  • Apr 23, 2008 3:26pm Apr 23, 2008 3:26pm
Hi Bull,

I see you incorporated the Week #. Could you see the option of putting the latest Week on the top.

Next, before the Weeknum, in the formula, there is a link coming, like

=IF(B20>0,RIGHT(YEAR(B20),2)&" Week "&'C:\Program Files\Microsoft Office 2003\OFFICE11\LIBRARY\Análisis\ATPVBAEN.XLA'!WEEKNUM(B20),"")

Thanks,
Fx4gain
  • #42
  • Apr 23, 2008 4:18pm Apr 23, 2008 4:18pm
Quoting fx4gain
Hi Bull,

I see you incorporated the Week #. Could you see the option of putting the latest Week on the top.

Next, before the Weeknum, in the formula, there is a link coming, like

=IF(B20>0,RIGHT(YEAR(B20),2)&" Week "&'C:\Program Files\Microsoft Office 2003\OFFICE11\LIBRARY\Análisis\ATPVBAEN.XLA'!WEEKNUM(B20),"")

Thanks,
Fx4gain
Hi Fx4gain,

I'm just trying to do but I'm really don't know how, I'm trying with your form but don't work (in my PC) give me some time and I'll try to do it, in the meantime I put a link to "This week"

Hope you like it
Attached File(s)
File Type: xls ATP - Income Potential.xls   358 KB | 450 downloads
  • #43
  • Apr 23, 2008 4:30pm Apr 23, 2008 4:30pm
Hi Damon,

Now the system look so great, simple and very profitable.

Following the rules, if all conditions meet, we place a new order every day, don't care if the last daily SWI is lower high of previous (long example). Please can you let me know what do you think about placing new orders only if the last bar is higher high (will be good, or we'll losing some goods trades?)

Thank you again for all
  • #44
  • Apr 23, 2008 4:54pm Apr 23, 2008 4:54pm
Hi Bull,

One way of doing the WEEKNUM function is to download it.

The otherway is to build up a seperate Worksheet with all the dates of the year and in the next column the Week numbers. Then just vlookup.

The other ideas coming to my mind is building up a comprehensive system:

1) You can have a hidden column on every page with this year(week#) alongside each date
2) Create a daily update tab to monitor open and pending positions., PIPs earned/lost etc
4) Extended idea is to create an access Db and create a Pivot table link on this Excel File (can be considered at a later date)

Good luck!

Fx4gain
  • #45
  • Apr 23, 2008 5:51pm Apr 23, 2008 5:51pm
Quoting Bull
Hi Damon,

Now the system look so great, simple and very profitable.

Following the rules, if all conditions meet, we place a new order every day, don't care if the last daily SWI is lower high of previous (long example). Please can you let me know what do you think about placing new orders only if the last bar is higher high (will be good, or we'll losing some goods trades?)

Thank you again for all
Hey Bull....Thanks for the spreadsheet. I really appreciate that.

Your point is well taken and one of the reasons that I thought it would be better to lower you risk and to use our Account Balance to determine risk as opposed to your Equity. In a trending market, you would lose potentially many thousands of pips and in a ranging market you would save pips.

My suggestion is to work through this. We will have to take loses, and I am after the bigger trend. If you are uncomfortable with this, then i suggest that you decrease your lot/unit sizes even more until you are.

Decreasing lot sizes will undoubtedly decrease fear. Remember that trading this way we will get runs that will give us 10's of thousands of pips.

I roughly calculated in a ranging market you may lose 1000-1500 on the majors and 2000-2500 on the crosses. all of which equates to around $250-$350 in losses. This is really just amounts to a 2-3% risk per pair. Some people risk this on one trade. We risk it on a multidue of trades.

All in all it is your choice, but by looking back, pips gained will outway pips lost by quite a large margin. Especially when trading the only the Strong and Weak Trends.
"Keep your eyes on the helpers" - Mr. Rogers
  • #46
  • Apr 23, 2008 5:56pm Apr 23, 2008 5:56pm
Quoting Bull
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
Hey Bull...the Spreadsheet looks great.

How do I use it? Does a new week appear every week automatically or do I create a new one every week manually?

What things do I need to do manually and what is done for me?

Maybe there is already a post that describes this. I will look, but if not, some brief instructions would be great.

Thank you

Nevermind...I found it.
"Keep your eyes on the helpers" - Mr. Rogers
  • #47
  • Apr 23, 2008 6:41pm Apr 23, 2008 6:41pm
Quoting damonl
Hey Bull...the Spreadsheet looks great.

How do I use it? Does a new week appear every week automatically or do I create a new one every week manually?

What things do I need to do manually and what is done for me?

Maybe there is already a post that describes this. I will look, but if not, some brief instructions would be great.

Thank you

Nevermind...I found it.
Hi Damon, first of all thank you for your replay for my last question, it's a good point to continue placing order but maybe changing the lots size...

About the spreadsheet, let me tell you what it's automatically and what not...


Money Management Sheet

  1. Account Balance = just insert your AB or Equity.-
  2. MM = Here you have 4 options Safety is AB/40000; Conservative is AB/30000; Moderate is AB/20000 and Aggressive is AB/10000.-
  3. After you choose one, Automatically calculate the lot size for each pair (following your schedule for each pair).-


Pairs Sheets

  1. Spread = Just insert the spread that your broker have for each pair.
  2. First day of the week = Insert only in the first week, after that, all days and other weeks will automatically filled.
  3. Weekly SWi & NL = Manual every week, after that automatically show you the Type of Trend (Stong or Weak), and the direction (Long or short) both colors also change automatically.
  4. Daily SWI = Manual, is a drop list, just pick up one.
  5. Action = Automatically, in base of all rules. (just play with all options to see if it's ok)
  6. Lots/Trade = Automatically, based on your Account Balance and the risk management that you choose.
  7. Set Day = Automatically filled upon you fill the first day of the first week
  8. Order Status = Manual, another drop list with the option of Pending or Open.
  9. hi/Lo = Manual, you must to update every day the high for long or the low for short, this number is used to calculate the entry price showed in Action (when said "Place a new Buy Entry order at .....") (Long = Hi + 1 + spread // Short = Low - 1)

And that's all.

I'm so happy to contribute just a little with this great system

  • #48
  • Edited 7:34pm Apr 23, 2008 6:49pm | Edited 7:34pm
Quoting Bull
Hi Damon, first of all thank you for your replay for my last question, it's a good point to continue placing order but maybe changing the lots size...

About the spreadsheet, let me tell you what it's automatically and what not...


Money Management Sheet

  1. Account Balance = just insert your AB or Equity.-
  2. MM = Here you have 4 options Safety is AB/40000; Conservative is AB/30000; Moderate is AB/20000 and Aggressive is AB/10000.-
  3. After you choose one, Automatically calculate the lot size for each pair (following your schedule for each pair).-

Pairs Sheets

  1. Spread = Just insert the spread that your broker have for each pair.
  2. First day of the week = Insert only in the first week, after that, all days and other weeks will automatically filled.
  3. Weekly SWi & NL = Manual every week, after that automatically show you the Type of Trend (Stong or Weak), and the direction (Long or short) both colors also change automatically.
  4. Daily SWI = Manual, is a drop list, just pick up one.
  5. Action = Automatically, in base of all rules. (just play with all options to see if it's ok)
  6. Lots/Trade = Automatically, based on your Account Balance and the risk management that you choose.
  7. Set Day = Automatically filled upon you fill the first day of the first week
  8. Order Status = Manual, another drop list with the option of Pending or Open.
  9. hi/Lo = Manual, you must to update every day the high for long or the low for short, this number is used to calculate the entry price showed in Action (when said "Place a new Buy Entry order at .....") (Long = Hi + 1 + spread // Short = Low - 1)

And that's all.

I'm so happy to contribute just a little with this great system

Got it and thanks.

One quick change...

For the pairs of EJ, EA and ECAD I use the MM dividing multiplier of 1.35 insted of 2. This is because these three pairs move less than GJ and GCHF, but more than the majors.

This is the only thing that needs to be changed and then I think I will use it as well.

Also...please see in blue above. Do I Copy and paste the section in? How do I get the next week to appear? Or will the next week just appear on Monday?

Also...I am getting an unfilled box under the "Set Date". It just says #NAME when I try to change the date in the "First Day of Week" Square.

I am also wondering if under the Order Status catagory if you couldn't also add a "Cancelled" in the drop down menu. This will help us see what we did even in the case of the SWI repainting. In fact, that is also nice about your SS becasue it will keep track of all the dates in the past

Muchos Gracious
"Keep your eyes on the helpers" - Mr. Rogers
  • #49
  • Apr 23, 2008 7:29pm Apr 23, 2008 7:29pm
Here are the trades I will be placing tonight

AU - ST - Buy @ .9544

EU - ST - Buy @ 1.600

GU - No Trade...However, I have the SWI red forming for today. This does not however mean that it will stay there. This is just something to monitor, because it could be we should get out the minute we see a reversal of the SWI even if it is on the current TF. We can always get back in if the trade continues, albeit decreasing our profit if it does. Something to keep in eye on.

UCAD - WT - Buy @ 1.0219

UCHF - Cancel all pending short orders

UJ - ST - Buy @ 103.81

GJ - ST - Buy @ 206.14

GCHF - Cancel all short pending orders

EG - WT - Buy @ .8045

EJ - ST - Buy @ 165.01

ECHF - ST - Buy @ 1.6170

ECAD - ST - Buy @ 1.6275

These are my actions for tonight.
"Keep your eyes on the helpers" - Mr. Rogers
  • #50
  • Apr 23, 2008 7:35pm Apr 23, 2008 7:35pm
Hello there,

It's getting interesting in here. Waiting for greener pips and change in direction.

Bull, I am looking at another modification to the spreadsheet and I will post it for you soon.
Trading Just Got Easier...
  • #51
  • Apr 23, 2008 7:57pm Apr 23, 2008 7:57pm
Quoting damonl
Here are the trades I will be placing tonight

AU - ST - Buy @ .9544

EU - ST - Buy @ 1.600

GU - No Trade...However, I have the SWI red forming for today. This does not however mean that it will stay there. This is just something to monitor, because it could be we should get out the minute we see a reversal of the SWI even if it is on the current TF. We can always get back in if the trade continues, albeit decreasing our profit if it does. Something to keep in eye on.

UCAD - WT - Buy @ 1.0219

UCHF - Cancel all pending short orders

UJ - ST - Buy @ 103.81

GJ - ST - Buy @ 206.14

GCHF - Cancel all short pending orders

EG - WT - Buy @ .8045

EJ - ST - Buy @ 165.01

ECHF - ST - Buy @ 1.6170

ECAD - ST - Buy @ 1.6275

These are my actions for tonight.
Damon, all trades that today was opened (based on yesterday Orders) we obviously maintain open, yes?
  • #52
  • Apr 23, 2008 8:04pm Apr 23, 2008 8:04pm
Quoting Bull
Damon, all trades that today was opened (based on yesterday Orders) we obviously maintain open, yes?
Yes....all other orders remain open until at such time we cancel them based on the SWI changing. Is that what you meant?
"Keep your eyes on the helpers" - Mr. Rogers
  • #53
  • Apr 23, 2008 8:09pm Apr 23, 2008 8:09pm
Bull, you were supposed to place those trades again today. The logic is to keep opening all trades daily until they are triggered since the prices have not actually reversed.


Quoting Bull
Damon, all trades that today was opened (based on yesterday Orders) we obviously maintain open, yes?
Trading Just Got Easier...
  • #54
  • Apr 23, 2008 9:46pm Apr 23, 2008 9:46pm
Hi Damon i always find your input very valuable, i think i might take the plunge and start testing this out on a micro account. Thanks for taking so much time to help others out.
Thanks to everyone else who contributes as well
Nick
  • #55
  • Apr 23, 2008 9:51pm Apr 23, 2008 9:51pm
Just trying to make sure i understand this. i am also using ibfx and for the eur/cad it looks like a weak trend on my weekly chart, the nonlag turned yellow and is pointing down for last weeks bar. This is pretty minor but i just want to know if i am reading the charts right.
Nick
  • #56
  • Apr 23, 2008 10:09pm Apr 23, 2008 10:09pm
Quoting 555ngone
Just trying to make sure i understand this. i am also using ibfx and for the eur/cad it looks like a weak trend on my weekly chart, the nonlag turned yellow and is pointing down for last weeks bar. This is pretty minor but i just want to know if i am reading the charts right.
Weak Trend...you are reading the charts correctly
"Keep your eyes on the helpers" - Mr. Rogers
  • #57
  • Apr 23, 2008 11:09pm Apr 23, 2008 11:09pm
Quoting damonl
Weak Trend...you are reading the charts correctly
Correct me If I am wrong..but EURCAD is in a strong trend. Rules below:

SWI Green - NL Yellow (from Red) = Strong Bull Tend // if SWI in D1 is also in green it's our First Buy Entry Order // Full lot.-.-
  • #58
  • Apr 23, 2008 11:49pm Apr 23, 2008 11:49pm
I was going by post #4 where damon says

<Quote>
Identifying the Strong Trend

The Strong Trend is identified by switching to the W1 chart and identifying two key factors.

  1. The color of the SWI
  2. The Direction of the last Yellow Bar Segment of the NL

If the color of the SWI is Red and the last Yellow Bar Segment signalled Short, I have a Strong Down Trend

If the color of the SWI is Green and the last Yellow Bar Segment signalled Long, I have a Strong Up Trend

The Strong Trend is only confirmed when both these two factors are in agreement on the W1 Chart.
<End quote>



Not sure if the rules changed or not, or if i am misunderstanding them. I got confused because Damon said Eur/cad was in a strong trend on his last list of trade calls.
Nick
  • #59
  • Apr 24, 2008 3:46am Apr 24, 2008 3:46am
Quoting rishi
Correct me If I am wrong..but EURCAD is in a strong trend. Rules below:

SWI Green - NL Yellow (from Red) = Strong Bull Tend // if SWI in D1 is also in green it's our First Buy Entry Order // Full lot.-.-
Hey Rashi....it is a Weak Trend because the last closed NL segment was yellow pointing down.
"Keep your eyes on the helpers" - Mr. Rogers
  • #60
  • Apr 24, 2008 7:40am Apr 24, 2008 7:40am
I have worked on something better for us and you will all find it really interesting.

It's an indicator and I will post it shortly.

Still trying to finish the codings.
Trading Just Got Easier...
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