ATP (Advanced Trading Philosophy) - Phasing into Income Potential

Quoting Naijafx

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Hello damonl,

here is my GU chart...... wot will u say about it?

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Quoting Postrock

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Hi everyone..i must say i really dont like all theese rules changing.
I mean.. WE ARE LOOKING DAILY BARS!! The first thread was opened less than 2 weeks ago..we literally changed more rules to the system than daily bars we examined.

Damonl pls don take this as unnecessary criticism..i really love the idea of this method and also your will to share it with us but we need to DECIDE the rules and stick to THE SAME RULES for at least a month if we want to have a chance to make the system work at its best.

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Quoting damonl

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Hello...I have been studying charts all morning and into the early afternoon and I believe that I have hit on a very winning solution for ATP.

You may be wondering why I made these changes. Well...basically it was because I found a much better exit strategy that gets us out of the market much sooner without the drawdown. Finding this new exit point I think is what I have been looking for and it made it possible to make these changes.

Why do I feel this is better:

1. We can use larger lot sizes since our exit is more defined and we do not give so many back
2. Only a few different Entry strategies
3. No more placing trades near the top or the bottom of a bounce
4. We will not have large portions of time where we are out of the market
5. It takes the SWI which re-paints and places it with another indicator that does not repaint.

So..Here we go. I think you will like this better, but please be honest.







Money Management:

I was thinking about using 1 lot for GJ and GCHF. 2 lots for EA, ECAD, and EJ. And 3 lots for the remainder of the 14 pairs that we are trading.

Indicators and Charts:

For this we will only need the D1 chart and the SWI indicator v3 (settings as we currently have them) along with Bill William's Accelerator Oscillator

Entry Strategies:

1. Solar Winds Confirmation Trade (SWCT)
   1. We place either a long or short order based on the SWI and the AC being the same color.
   2. Important: This is one of our first 2 trades and we will not consider placing any other trades until this one or the AOCT has triggered at least once during the run.

2. Accelerator Continuation Trade (ACCT)
   1. We place an additional order if the AC changes colors and then changes colors back to be once again in agreement with the SWI

3. Non-Lag Continuation Trade (NLCT)
   1. We place an additional order if the NL gives us a directional change and then once again changes back in the direction of the SWI.

We should use are normal entrance rules when placing orders.







Exit Strategy:

Finding this exit strategy has made this whole change possible. You will see how we will be able to leave the markets almost everytime with a profit or with only small losses.

1. If you are in a long order you will wait for the AC to turn Red and then place a S/L order 15% below the low of that bar. You will repeat this same process for 3 Red AC bars in a row. After the 3rd Red AC bar no longer move that S/L order and once the AC turns back to being Green again, cancel all current S/L orders until the AC turns Red again when you would repeat.
2. If you are in a short order you will wait for the AC to turn Green and then place a S/L order 15% above the high of that bar. You will repeat this same process for 3 Green AC bars in a row. After the 3rd Green AC bar no longer move that S/L order and once the AC turns back to being Red again, cancel all current S/L orders until the AC turns Green again when you would repeat.
3. If one of the 2nd or 3rd AC red bars falls on an inside bar, do not use it. Continue with the previous S/L.

To calculate 15%, subtract the high of the bar from the low of the bar and multiply that by 15%. Then add it to the high of the bar for a short order or subtract that from the low of the bar for a long order. If there has been a lot of movement that day you may want to consider using 10% instead of 15% and if there was very little movement (under 85 pips) you may want to consider just picking a number like 25 pips or so.

In fact this could be a rule. If bar movement is under 85 pips, use a 25 pip cushion constant. If bar movement was between 86 - 175 pips use 15% and anything over 176 pips use 10% calculations. This will get us close.

For now, Sunday bars should be considered a bar all by themselves for exiting th emarket, but hsould be merged with Friday's bar for entrances..

I think that should just about do it. Please look it over, but I think you will like this very much at least for the exit because it is based on an indicator that does not repaint.

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Quoting saab87

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Like everyone else, I,m totally impressed with this strategy. And like everyone else I've been playing around with it. I'm up early in the morning and like to trade on the 15 minute chart and find the solar indicator fantastic for this. It gets me out with good profit. I particularly like the idea of adding a new order as the price moves your way. I'll show you why I like it so much on the 15 minute chart monday the 21st at 4:30 GM. Some where between 400 and 450 pips in about three hours. I had 14 orders. I've never done that before. Usually only two orders. But with the strategy of letting the price come to me, it's great. Here's a chart to look at. I know most of us want something that can be done at one time at night, but I'm replacing a job with fx and I don't mind staying up in the morning. It did the same thing on the 22, 23, and the 25. Thats about 1600 pip in a week.

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Quoting FXLab

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In your post you reference an AOCT. Are we also using the AO indicator?

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Quoting Postrock

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Hi everyone..i must say i really dont like all theese rules changing.
I mean.. WE ARE LOOKING DAILY BARS!! The first thread was opened less than 2 weeks ago..we literally changed more rules to the system than daily bars we examined.

Damonl pls don take this as unnecessary criticism..i really love the idea of this method and also your will to share it with us but we need to DECIDE the rules and stick to THE SAME RULES for at least a month if we want to have a chance to make the system work at its best.

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Quoting DaBuschi

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I have to agree with Postrock. I mean, I appreciate all the work that has been done and I understand your points @Damon. The problem here is, that the backtesting was done manually and due to that we run the risk of curve fitting.

As far as I remember @wale wanted to write an EA on this. With that EA some serious backtesting could been done with figuring out, what potential gains and drawdowns we can expect. That will then probably end up in some serious changes in exiting, as we might face some drawdowns, we don´t want. But there is no perfect system. Losses are part of the game. Changing the rules now, without having been in a trend so far is too early.

I will stick to the rules, maybe write an EA (not for MT4, as I usually work with a different system and I haven´t done any programming in MT4) and then do some backtesting.

But I will continue following this thread as it is very interesting.

Thanks again to all of you guys

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Quoting damonl

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1. Accelerator Continuation Trade (ACCT)
   1. We place an additional order if the AC changes colors and then changes colors back to be once again in agreement with the SWI

2. Non-Lag Continuation Trade (NLCT)
   1. We place an additional order if the NL gives us a directional change and then once again changes back in the direction of the SWI.

We should use are normal entrance rules when placing orders.

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Quoting Postrock

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I think this new twist has potential, and its even easier than before..

I only have one question. The accelerator only has to change color, it doesnt matter if its over or under the 0 point?

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Quoting rcbarlow

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Damonl,

Add Williams %R with the setting of 14 and a line at the 50% level to the daily chart and see if it gives you any ideas.

Randy Barlow

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Quoting saab87

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Like everyone else, I,m totally impressed with this strategy. And like everyone else I've been playing around with it. I'm up early in the morning and like to trade on the 15 minute chart and find the solar indicator fantastic for this. It gets me out with good profit. I particularly like the idea of adding a new order as the price moves your way. I'll show you why I like it so much on the 15 minute chart monday the 21st at 4:30 GM. Some where between 400 and 450 pips in about three hours. I had 14 orders. I've never done that before. Usually only two orders. But with the strategy of letting the price come to me, it's great. Here's a chart to look at. I know most of us want something that can be done at one time at night, but I'm replacing a job with fx and I don't mind staying up in the morning. It did the same thing on the 22, 23, and the 25. Thats about 1600 pip in a week.

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Quoting walesoje1

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Damonl,

Thought I have actually posted an advice about Williams % using -20 and -80.

Here is the final version of the SWI and NL indicator as advised by PostRock. Can you just test it all and let me know if it is ok?

The indicator and the new SolarWind-ACS3 are attached here at defaults. Just download them and attach them directly.

These are for previous systems

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