ATP (Advanced Trading Philosophy) - Phasing into Income Potential

Damonl and all,

I have backtested the OSD signal indicator and it is perfect. It works only with the close of the previous bar.

You can also try it on your own to be sure.

Take care.

Thank you again for the indicator, you have really made our lives a whole lot easier. The indicator loads well*, I assume that this is used for those who are trading on daily time frame?

* EDIT: Oh sorry, I have a thorough look through and at the moment , the SWI(W) for UCHF, GCHF and EA are blank.

burt625,

You were actually wrong. You can use it for any TF you want. As for the blank SWI's, I mentioned it below that according to Damonl, last period should be taken into consideration. If the candle is crossing 0 and the new candle has not formed then you are likely to have blank. By close of the candle you will have your exact signal which will be determined by the close of today bar.

Just go to input tab and scroll down. There you would see where you can enter the minutes you desire.

The current setting is for Daily AO & AC with Weekly SWI.

I am thinking of another indicator which will display these with our 14 currency pairs showing on just 1 window.

NOTE: ACCORDING TO DAMONL, CURRENT CANDLES ARE NOT CONSIDERED. EVERYTHING IS BASED ON THE CLOSE OF THE PREVIOUS CANDLES.

We will all move ATP to greater heights.

Damonl,

Have you checked the indicator? If yes, what do you think about it?

Anyways, for now your setup are ok. I am currently down cos I have not been sleeping for 4 weeks now so I can't really check them properly now.

I will let you know what I think tommorrow.

Cheers... Better days ahead

Sorry wales...I have been away and now I need sleep. I have it uploaded, and if I get to bed now I may have time in the AM to look at it.

I am slowly but surely honing in on how to trade with our base. There are so many options, but no doubt we should be able to catch some very nice long trends.

I will hook up with you guys hopefully in the AM and if not tomorrow evening.

Ok, I think I get your point now. Thanks again for the explanation. According to the latest strategy, I have placed the following orders:

Long UJ 104.84
Long GJ 208.69
Short NU 0.7819
Long ECHF 1.6209

I am not sure if I am right so please correct me if I am wrong. Thanks!

Hi Damon and everybody,

Again I was away since Friday to this morning and I saw a lot of changes into the strategy.

Is the post 211 the finally strategy??? Thanks for the clarification.

burt,

your setup for UJ and GJ are not ok. I think you acted faster than the AC. You should wait for AC on daily before taking trade.

Your NU was cool and as you can see you should be laughing out loud now cos there way a cool movement in your direction there.

Wait for AC on ECH to change to green before moving on in your Long position.

I would make another indicator to show all SWI, AC and AO on all Currency Pairs at once. It might take time to load i.e. freeze a bit because it will be loading the database of all currency pairs.

Is this making sense to anyone? This seems to be the best system around with easy analysis. I will do more of my contribution soon.

Ok. This is definitely final. No more repainting. Although, it's an option 1 defaulted SWI (for both attached indi).

There are two attached SWI indicator. One is drawn as histogram (Histo) and the other as line (Line). Both indicator has an option for a signal line (SMA smoothing) of the main line. You can set to '0' to remove the signal line. The Histo SWI still has the built-in alert on zero crossover by ACS3. The Line SWI has none (dunno which case or where to put the alert). The Line SWI, however, can act as a Stochastic. You can try that for another approach.

I have read and understood the Fisher Transformation concept. It seems that the option 1 is the most related calcutlation than option 2. However, it is apparent that option 2 have eliminated further lag. I am yet to figure out how to make an option 2 non-repaint SWI.... For further development.

Please.... let me know if there are any concerns on these indicators.

@walesoje1, may I still get an mq4 of the OSD?

Thanks and happy pipping!

Great! Please consider the possibility of making this new dashboard separate from the chart. Like most of the indicators we use in this system.

Another good idea would be to have simple dot over or below the last closed candle. Just like the Parabolic SAR does, but this one would consider the current indicators for this system, and just place a dot above/below the appropriate candle if all the conditions are met for that pair.

Postrock,

Nice idea but that would mean you will have to check across all 14 currency pairs for all the signals.

I would do something reasonable. Not too worry.

Maybe a dashboard which will show all currency pairs and once it comes in lime then it is good to buy and when it's red you can sell.

I think that would make more sense. I will consider your advise too about the SAR kind of indicator but I just want something that won't require opening too many charts at once.

I entered a long pending order for UJ, GJ and ECHF based on the latest indicator you posted. According to it, SWI(W), AC(D) and AO(D) were all green so I placed the trades at about 3am (IBFX broker time). Was that a bad move? None of these trades were hit until now. NU is still reaping green pips but I am still unsure of which exit strategy to use. Nonetheless, I appreciate your comments and I hope you will continue to contribute for all of us to learn.

More power to you wales..how long did it take to learn programming? I am having a look at this MT4 language and learning the basics, but there always seems to be something i miss that isnt covered by the book on mt4 site.

On a side note. The logic behind to my second suggestion was that the Dashboard finely shows wich pair to look at, but one you go there to determine the price and put the order you need to go back to dashboard again. I could be completely wrong but i guess that having the dashboard on all pairs would be heavier for the platform, since its already heavy for one alone.

I'm looking forward to anything you program anyway!

Burt,

For now, u can exit when the AC changes colour to Red.

May I ask what your AC colours are now for the UJ, GJ and ECHF?

I did not enter trades yesterday but when I checked this afternoon, they were Red for all those pairs above. You should always wait for close of candles to place trades and if you actually did the colours shouldn't have changed against you.

Let me have your current AC colour for these pairs.

Postrock,

I am not a professional programmer myself. You won't believe it that I am still learning myself but it never really took much time before I picked up. Although my programs are cool but it does mean I am a professional but I am gradually getting there and will be there soon.

As for the dashboard. I think once you are satisfied with the information provided i.e. the quality of the output, you can just take your trades on that basis without adding the dashboard to all charts. Having it on 1 chart is ok and should be cool.

I don't think I have any good book on MT4 because I have not found one myself.

Hello Everyone.

I don't know how much I will be around tonight. I am putting the finishing touches on trading H4 and then a modified version for the daily method.

The H4 is much easier since it is shorter TF and we will have set T/P and S.L targets. The D1 is much more complex as the goal is to be able to place multiple entries and stay in the trend until the end.

Hang tight and I will drop by again soon and hopefully with the finishing touches.

Then it will be testing time

Damonl,

I am about doing the same too.

I have been testing on demo all day using 15M, 30M, 1H & 4H.

I am waiting for your post.

Hello Everyone....

Here are the rules that I will be trading with AUD/USD on the Daily Chart. This is a long term trading strategy that has a lot of potential. I think that you will find absolutely favorable results when back testing. For more daily trading, we will use the H4 chart which I will try to get to later.

These rules are for the AUD/USD only. The rules for trading other charts will be similar, but not all will be the same. I will continue to go through each of the 14 pairs that we trade one at a time and give you a set of rules for trading them on both D1 and H4 charts.

Trading AUD/USD D1 Charts - Long Term:

1. Wait for the SWI and the AC to be the same color on the close of any bar on the W1 Charts. Red for Short and Green for Long.
2. After Step 1 has been confirmed, switch to the D1 Chart and wait for the SWI, the AC and the AO to all be the same color and the same color as in the W1 chart in step one.
3. If they are already all three the same color, wait until the AC has gone to the other color and back to agreeing with the SWI and AO and the W1 direction at the close of any one bar and place your orders accordingly either above or below the set-up bar. This trade should have a 200 pip S/L on it.
4. From here on out, the W1 Chart is disregarded
5. Continue to place additional orders whenver the AC has gone from disagreeing with the current trade direction to the 1st bar closed in agreement with the trend direction. Place an order each time this happens. Each of these trades should have a 200 pip S/L and if one of these trades has a S/L which is close then any other 200 pip S/L, you should change all your S/L's to this new calculation. This means that only one will lose 200 pips, and all the rest will lose less.
6. You should never consider exiting the market unless your S/L is hit or any open trade has reached at least 200 pips in profit.
7. Once a trade reaches 200 pips in profit, you can start to look for an exit. To do this you will go to Williams % Indicator (14) with levels -25 and -75. Remember, until at least one trade has reached 200 pips in profit, you will not use this exit method.
8. Once one of your trades has reached 200 pips in profit (doesn't have to stay above 200) you will then place your exit orders (on all pairs) once the Williams % has fallen below -.25 level in a long trade or risen above -.75 level in a shrt trade. Once these levels have been breached and you have had at least one trade reach 200 pips in profit you will place your exit order 15% above or below the high or low of the bar depending on trade direction. You do not move this S/L order until the next time this level is breached. If this level is breached, and your next bar didn't close out the trade, but is still below these levels, then you move your S/L accordingly, because once again, the level was breached.
9. Secondary Exit Rule: If the Williams % ever jumps from above -.25 to below -.75 or vice versa in one bar, just get out of the market.
10. Once you are stopped out of the market, go back to W1 and make sure that everything is in agreement before placing any more trades.
11. I suggest that you figure on losing 4% per trade as a rule of thumb when figuring Lot Size. So if you have a 10K account, you would use 1 mini lot with a 200 pip S/L. If you lost this trade you would only lose 2%. From here on out, as you continue to place additional orders, multiply the last lot size that you entered by .5. This means that your second order would be for .5 lots and your third would be for .25 lots and so on and so forth. I also think that you should use your account balance for determining you initial lot size.

As with all the trades, I think that you actually will be able to risk much more when you feel more comfortable, but I want you to get comfortable and make that decision for yourself. I manually backtested this through 2005 and we did not lose more then 1000 pips and made one heck of a lot more than that. Feel comfortable....then raise your risk level.
Well...I think that should about do it. I will try to prepare a chart and make sure that I did not miss anything. Enjoy

Weekly Chart: As per the chart below the Yellow Arrow is presumed where the SWI changed colors and was in agreement with the AC. As you can see our direction was up as both indicator colors are green.

Daily Chart: As per the chart below the first arrow is in the same position as was out arrow on W1. As you can see, all 3 indicators were already in agreement, so we wait until the AC has changed colors and then went back to agreeing with the SWI and AO. This happens at the second arrow. We then place additional orders at arrows #2 and #3. The bar just before the thumbs up is when Williams % dropped below -.25 and then the next day that signal was triggered and so we would have exited the market.



Pip total based on MM above with a 10K account:

225 pips @ 1 lot
73 pips @ .5 lots
-39 pip @ .25 lots
Total: $251.75

Incidentally...the next trade we would have hit our S/L

Thank you for taking the time to analyze my trades. UJ, GJ and ECHF were all green until the time of my previous post. As of now: UJ SWI is green, AC is red; GJ SWI is green and AC is also green; and ECHF SWI is green and AC is red. I must be missing something here.

Looking through all 14 pairs, I can see that (at this moment) your indicator shows green SWI(W) and AC(D) for GJ and EAUD; red SWI(W) and AC(D) for NU. I do not know the significant of AO yet. Let me know if my reading tallies with yours.

Hello Everyone.....

Here are the rules that I will be trading with AUD/USD on the H4 Chart. This is a short term trading strategy that has a lot of potential. I think that you will find absolutely favorable results when back testing.

These rules are for the AUD/USD only. The rules for trading other pairs will be similar, but not all will be the same. I will continue to go through each of the 14 pairs that we trade one at a time and give you a set of rules for trading them on both D1 and H4 charts.

Trading AUD/USD H4 Charts - Quick In and Out:

1. Wait for the SWI and the AC to be the same color on the close of any bar on the D1 Charts. Red for Short and Green for Long.
2. After Step 1 has been confirmed, switch to the H4 Chart and wait for the AC to match the same directional color as on the D1 and also match the AO and the SWI on the H4 chart
3. If they are already the same color, wait until the AC has gone to the other color and back to agreeing with the SWI and AO and the D1 direction at the close of any one bar and place your orders accordingly either above or below the set-up bar.
4. Each trade you place should have a 75 pip S/L, a 60 pip T/S and a 100 pip T/P.
5. Continue to place additional orders whenver the AC has gone from disagreeing with the current trade direction to the 1st bar closed in agreement with the trend direction. Place an order each time this happens.
6. Never make a trade on the H4 using the AC if it disagrees either with the AO or the SWI on the H4 or the SWI on the D1
7. Each time the AC gives you a new entry signal, all you need to do is verify that it still matches the SWI on the D1 chart, and matches the AO and SWI on the H4 chart. Of course you will not need to recheck the SWI on the D1 chart unless the SWI on H4 has changed colors. This all has to all happen on the 1st bar of the AC change.
8. Secondary Exit Rule: If the Williams % ever jumps from above -.25 to below -.75 or vice versa in one bar, just get out of the market.
9. I suggest that you risk no more than 3% per trade as a rule of thumb when figuring Lot Size. So if you have a 10K account, you would use 1 mini lots with a 100 pip S/L. If you lost this trade you would only lose 1%. As you will also be placing other orders using 1 mini lot.
10. You should have no more than 3 open orders per pair at any one time

As with all the trades, I think that you actually will be able to risk much more when you feel more comfortable, but I want you to get comfortable and make that decision for yourself.

Well...I think that should about do it. I will refrain from putting up any charts as this method is so similar in natrue to the one above that you should be able to understand it fine.