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ATP (Advanced Trading Philosophy) - Phasing into Income Potential

  • #81
  • Apr 24, 2008 5:17pm Apr 24, 2008 5:17pm
Damonl,

I have tested it well on all our 14 currencies and they are perfect.

I have tried them on 1M chart too to see the responsiveness to sharp crossing from one colour to another and it is perfect.

This way, we can stop plotting SWI on our charts and just watch the new OSD Indicator. I am also thinking of adding alarm to signal once there is a cross from Lime to Red or Red to Lime.

For scalpers, I considered them was why I added M15, M30, 1H and 4H to the indicator else I would have done just three for MN, 1W and D.

I am looking at building an EA now too. I will try to post it before you go to bed or by tommorrow morning.

My time is GMT+1 and am always here so I want something that can make me sleep at my leisure and just watch trade for sometime.

The other time we were chatting on traderoom you gave me the stochastic setting for NL indicator. Can you PM me or just post it here maybe I can use it to filter the NL and finish up the OSD for NL too.

I think it will be better if we have the OSD for NL too.

Quoting damonl
Wow Wales....fantastic job. I really like it. Looks like this could turn out to be a scalpers dream as well for when you are just sitting in front of the computer.

When M5 matches all the way to H1 or H4, you're good to go until M5 changes again. Just a thought, but will watch it more closely

Come to the computer and make a trade without looking at the charts...hmmmm we'll see how it works.

Thanks so much for this contribution.
Trading Just Got Easier...
  • #82
  • Apr 24, 2008 5:25pm Apr 24, 2008 5:25pm
I sent the spread and HiLo in an excel file to Bull for computation and I am thinking of adding more information.

I will send the details to Bull when am done with it or post it here.

For now, I am only coding. I will let you know once it is done but meanwhile I will be waiting for your stochastic settings for NL.

Let me also know if the EA would be a good idea.

Hoping to see your post shortly Damonl...


Quoting damonl
Hey DB....yes. Bull's spreadsheet makes it easy. And I don't calculate spread on the short entries. I don't know why...I just never have.
Trading Just Got Easier...
  • #83
  • Apr 24, 2008 5:43pm Apr 24, 2008 5:43pm
Quoting walesoje1
I sent the spread and HiLo in an excel file to Bull for computation and I am thinking of adding more information.

I will send the details to Bull when am done with it or post it here.

For now, I am only coding. I will let you know once it is done but meanwhile I will be waiting for your stochastic settings for NL.

Let me also know if the EA would be a good idea.

Hoping to see your post shortly Damonl...
Hey wales...I did not know that you were such a programmer.

An EA would be nice, but I think you have yoru Weak Trend instructions confused as your post above.

It would be a week trend only if the D1 and W1 SWI were in agreement, but the NL on the W1 chart was not in agreement. As of right now, I don't even have the monthly charts playing into this anymore as the W1 charts are plenty strong for what we are doing. The NL on the Daily means nothing either

EA away.

As for the NL and the stochastic, I really didn't look at it all that close, but was comparing it to 10,3,3. A closer look has to be made to determine if indeed they are the same.

Let me know if they are close and if you need anything else.
"Keep your eyes on the helpers" - Mr. Rogers
  • #84
  • Apr 24, 2008 5:46pm Apr 24, 2008 5:46pm
An EA would be a VERY good idea.
  • #85
  • Apr 24, 2008 6:04pm Apr 24, 2008 6:04pm
Can we have all important posts on this thread in a MS Word format?

I can convert them to .pdf for our keeps since we seem to have arrived but I cannot do everything together at once so if anyone can put it together in a ms word file then I will just convert to .pdf.

If you want to support this thread, please post it here.

I just tried programming the whole lot Damonl. Can you give me the exit and entry rules clearly so I won't make any mistakes when programming?

Doing the EA would be my pleasure.

I am awaiting clear rules on entry and exits with strong and weak trends so I can finish it up and then backtest.
Trading Just Got Easier...
  • #86
  • Apr 24, 2008 7:40pm Apr 24, 2008 7:40pm
Quoting damonl
EU and GU are not good ST trades.

UJ and ECHF are good ST trades
Ah, ok I can see why now, the W1 does not have red, thats weird, because I could have sworn it was red when I entered the trade, I think it might have repainted though.

Isn't W1 and D1 for GU red?, and the NL indicator is showing down trend?

I think I may have entered trades prematurely, the best time is probably start of a new d1 candle, which is at 8EST for me, based on Interbank.

Thanx
TheLegace.
"If voting changed anything, they'd make it illegal" - Emma Goldman
  • #87
  • Apr 24, 2008 8:00pm Apr 24, 2008 8:00pm
Trading Actions for 4/25/08

AU - ST - Buy @.9486

EU - Place a S/L at 1.5636 for all open orders and cancel all Long Pending Orders if S/L is hit

GU - WT - Sell @ 1.9683

UCAD - WT - Buy @ 1.0216

UJ - ST - Buy @ 104.57

GJ - ST - Buy @ 206.22

EG - Cancel all Long Pending Orders

NU - WT - Sell @ .7855

EJ - ST - Buy @ 164.53

ECHF - ST - Buy @ 1.6251

ECAD - Set S/L at 1.5847 and cancel all Long Pending Orders if this S/L triggers

That is all I am doing for tonight. Man...if only I would have figured this out 3 months ago. We would all be ready to retire by now.

All is good, we will catch the next runs
"Keep your eyes on the helpers" - Mr. Rogers
  • #88
  • Apr 24, 2008 8:00pm Apr 24, 2008 8:00pm
I have made what I think is a PDF with everything that needs to be included. This PDF includes all updated money management stuff. There are no examples yet, if damonl wants to post some, or even I could do it, once I get a great handle on the system.

Also Links are included in PDF, luckily the converter made sure and new updated spreadsheets are not included in this.

Note: I will update this with whatever changes that may occur, with spreadsheets, money management, EA, indicators, or whatever else it may be.

Good Luck, I hope everything is ok.
TheLegace
Attached File(s)
File Type: pdf ATP.pdf   67 KB | 383 downloads
"If voting changed anything, they'd make it illegal" - Emma Goldman
  • #89
  • Apr 24, 2008 8:07pm Apr 24, 2008 8:07pm
Quoting TheLegace
Ah, ok I can see why now, the W1 does not have red, thats weird, because I could have sworn it was red when I entered the trade, I think it might have repainted though.

Isn't W1 and D1 for GU red?, and the NL indicator is showing down trend?

I think I may have entered trades prematurely, the best time is probably start of a new d1 candle, which is at 8EST for me, based on Interbank.

Thanx
TheLegace.
Hello TL....

Yes, for GU, D1 just went to red today and actually the last NL is pointing up. The current NL is down, but I normally always take my reads from the last closed candlestick.

Al this means is the GU is in a weak trend right now and that it will probably be in a Strong Trend next week.

8 EST is when I place my trades as well.

However, there may be something to us trading during a moving bar if the NL or the SWI change during it.

For example, if we would have gotten out when the SWI for EU and ECAD starting changing mid-day, we would maybe have saved 100-150 pips, but then again, it is possible that these trades will turn around and head back up.

Entering and especially exiting during active candles is something that we should keep our eye out for.
"Keep your eyes on the helpers" - Mr. Rogers
  • #90
  • Apr 24, 2008 8:10pm Apr 24, 2008 8:10pm
Quoting walesoje1
Can we have all important posts on this thread in a MS Word format?

I can convert them to .pdf for our keeps since we seem to have arrived but I cannot do everything together at once so if anyone can put it together in a ms word file then I will just convert to .pdf.

If you want to support this thread, please post it here.

I just tried programming the whole lot Damonl. Can you give me the exit and entry rules clearly so I won't make any mistakes when programming?

Doing the EA would be my pleasure.

I am awaiting clear rules on entry and exits with strong and weak trends so I can finish it up and then backtest.
Hey Wales....I believe TheLegace has put all the rules together in a .pdf in a post above this one.

Also, the rules are also stated in the first few posts of this thread.
"Keep your eyes on the helpers" - Mr. Rogers
  • #91
  • Apr 24, 2008 8:15pm Apr 24, 2008 8:15pm
Hi Walesoje1,

Thanks for your indicator but it does not display as well,i think the problem if the account is mini "m".Pls fix it,thanks.

Damonl,

i got position in usd/jpy and eur/chf from yesterday and is in strong trend.
Do i add in position daily?Pls advise.

Zu
  • #92
  • Apr 24, 2008 8:16pm Apr 24, 2008 8:16pm
Quoting TheLegace
Either I have a bad backround color, or the OSD indicator is not working, it isnt displaying the SWI in all time frames.
Thanks to walesoje1 for making this indicator. However, I am also facing the same issue, nothing shows up when I load it. I am using IBFX for this.
  • #93
  • Apr 24, 2008 8:20pm Apr 24, 2008 8:20pm
Hey damonl, you said that EJ was Strong trend up, but isn't NL showing downtrend in the charts?

Hope its not a dumb question.

TheLegace
Attached Image (click to enlarge)
Click to Enlarge Name: eur.jpy.d1.04.24.08.gif Size: 21 KB
"If voting changed anything, they'd make it illegal" - Emma Goldman
  • #94
  • Apr 24, 2008 8:34pm Apr 24, 2008 8:34pm
Quoting TheLegace
Hey damonl, you said that EJ was Strong trend up, but isn't NL showing downtrend in the charts?

Hope its not a dumb question.

TheLegace

Weekly Swi-Green
NL -Blue

Dailyly Swi-Green
Nl - Red

I take it is weak trend and wait it for daily nl turns yellow up.
Do i got right?Damonl,pls advise.

Zu
  • #95
  • Apr 24, 2008 8:38pm Apr 24, 2008 8:38pm
From looking back at the charts, this doesn't happen very often, but no doubt it does happen from time to time and usually after a very big run and before another big run.

Here are my thoughts.

On conservative MM, you would be risking either .25, .18 or .13 mini lots per trade depending on which pair we are trading.

My thought here is to risk between 3% - 4% or your Account balance with each set of trades which is enough risk to make a difference in a run and not enough to put your account balance at risk.

Here are my thoughts.

If the pair you are trading is using .25 mini lots/trade and your account balance is 10K, then you stay in the trade until you have accumulated 1400 pips in drawdown, or -$350.00. This means that you will lose just under 3.5% of your AB.

If the pair that you are trading is using .18 mini lots/trade based on a 10K account balance you would stay in the trade until you accumulate a 2000 pip drawdown which would cost you $360.00.

If the pair that you are trading is using .13 mini lots/trade based on a 10K account balance you would stay in the trade until you accumulate a 2800 pip drawdown which would cost you about 364.00.

During weak trends, you would experience significantly less loss to your account balance because you should use the same pip drawdown, but your lots/trade would be significantly less.

I know that this may seem like a lot of pips to you, but in order to catch the big runs we have to be willing to give the trade time to develope. And remeber, that we are going after runs that by entering everyday can give use 10's of thousands per pips in just a few months time.

Anyway, just thought that I would through this out for refernece. Maybe Bull can even figure this somehow into his spreadsheet for you.

"Keep your eyes on the helpers" - Mr. Rogers
  • #96
  • Apr 24, 2008 8:39pm Apr 24, 2008 8:39pm
Quoting TheLegace
Hey damonl, you said that EJ was Strong trend up, but isn't NL showing downtrend in the charts?

Hope its not a dumb question.

TheLegace
Hey TL...it is, but the only NL we are concerned with is the one on the W1 chart. That is showing up.
"Keep your eyes on the helpers" - Mr. Rogers
  • #97
  • Edited Apr 25, 2008 8:06am Apr 24, 2008 8:39pm | Edited Apr 25, 2008 8:06am
Hello Everyone,

I am done with the NL version of the OSD Indicator. It is attached here.

It has SWI and NL. If both are Lime then it means the NL is Yellow and point up while SWI is Lime already.

If both W1 SWI and NL and D1 SWI and NL all agree then strong trend will be seen i.e. if all indicators is Lime then we have strong uptrend. When all indicator is Red we have strong downtrend and when there is colour mix up we have weak trends.

Damonl, you can help with this...

I have finished the indicator but I will still re-attach again.
Trading Just Got Easier...
  • #98
  • Apr 24, 2008 8:40pm Apr 24, 2008 8:40pm
Quoting zu si fu
Hi Walesoje1,

Thanks for your indicator but it does not display as well,i think the problem if the account is mini "m".Pls fix it,thanks.

Damonl,

i got position in usd/jpy and eur/chf from yesterday and is in strong trend.
Do i add in position daily?Pls advise.

Zu
yes...today you would add positions for both of them
"Keep your eyes on the helpers" - Mr. Rogers
  • #99
  • Apr 24, 2008 8:43pm Apr 24, 2008 8:43pm
Quoting zu si fu
Weekly Swi-Green
NL -Blue

Dailyly Swi-Green
Nl - Red

I take it is weak trend and wait it for daily nl turns yellow up.
Do i got right?Damonl,pls advise.

Zu
Daily NL has nothing to do with what we are doing. Continue to place trades based on the the Daily SWI and the Weekly SWI and NL.

Even if daily NL is going the oposite direction, we are expecing it to come back to the main trend and so we continue to place our orders in hopes that it will come back and make us rich
"Keep your eyes on the helpers" - Mr. Rogers
  • #100
  • Apr 24, 2008 8:50pm Apr 24, 2008 8:50pm
Quoting damonl
Daily NL has nothing to do with what we are doing. Continue to place trades based on the the Daily SWI and the Weekly SWI and NL.

Even if daily NL is going the oposite direction, we are expecing it to come back to the main trend and so we continue to place our orders in hopes that it will come back and make us rich

Crystal clear ,bro.Thanks

Zu
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