ATP (Advanced Trading Philosophy): 3+1=WIN

Quoting dkhinckley

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I love everything about this system and the thread.

especially this part:

1. Continue to use this thread as journal to record and keep track of my daily activities
2. Retire and earn my living from trading ATP

Damon, I really appreciate your efforts.

Thank you!!

Dave

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Quoting TimeFreedom

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@ Damon;

Here is an MACD indicator which will make it is easier to visually determine when the histogram is above/below the MACD Smoothing Line. Make sure to change Colors# 4 and 5 to None.

TimeFreedom

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Quoting chuckeepw

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Damon

You might want to consider using the 14 day ATR for stop levels, say two times the 14 day ATR for initial stop placement. This way your stop levels will dynamically adjust to the prevailing market for that currency

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Quoting damonl

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Okay...we now have a very easy to spot and fairly easy to manage Long Term Trade....3+1=WIN, that will work on virtually any pair (not all, so do a little research first)

Now I would like to introduce you to my B.-ch Slap Technique - D1 (BST-D1) which is a trade specifically set up for trading GJ on the Daily Time Frame. I hope that you all enjoy it. I am expecting that this only works on GJ because of it's volitility. I have not really researched for other pairs and will probably not pursue this with other pairs.

Indicators:

1. MACD Colored Histogram with settings 5,13,6 Applied to the Open. Attachment
2. Same indicator as +1 with settings 3,7,3 Applied to the Open.
   1. Under "colors" switch the Maron and the Red around. This should make things easier.
   2. Do we only change the colors on this MACD?

3. Accelerator Oscillator (AC) by Bill Williams which comes standard on your MT-4 platform

Stop/Losses, Take Profits and Trailing Stops:

BST-D1 is a series of two trades that can happen in either order. Each trade should be placed 1 pip + spread above the high of the set-up bar for a long trade and 1 pip below the low of the set-up bar for a short trade

The general parameters for each of the two trades are as follows......

1. Stop/Loss: 100 pips
2. Take/Profit: 150 pips
3. Trailing Stop: 75 pips

Trade 1 of 2:

For trade 1 of 2 you will be using the AC. You would enter the trade as specified above whenever the AC switched colors. ie. Whenever the AC closed in red you would place a Short Order and whenever the AC closed in green you would place a Long Order.

This trade is only pending for one day. If on the day after you place this trade it does not tigger, you should cancel the order.

If Sunday's bar is the trigger bar and it has penetrated either the high or low of Friday's bar you should stand down from this trade, Otherwise use the Sunday bar, except place your orders based on Friday's high/low.

Trade 2 of 2:

For trade 2 of 2 you would be using the MACD Histogram with the settings above. There are two entry points for either a long trade or a short trade. This trade should remain pending until you hit your T/P, S/L or the MACD closes in the opposite color.

Which MACD here are we looking at? First one 5,13,6?

If Sunday's bar is the trigger bar and it has penetrated either the high or low of Friday's bar you should stand down from this trade, Otherwise use the Sunday bar, except place your orders based on Friday's high/low.

Long Trade Entry Points:

1. Whenever the MACD closes in green
   Again, which MACD are we looking at?
2. After the first entry has been placed, continue to add positions every time the 5,13,6 and the 3,7,3 MACD's both close in Lime Green only (don't confuse with Lime Dark Green). Once the 5,13,6 closes in Red, go back to the first part of this entry strategy.

Short Trade Entry Points:

1. Whenever the MACD closes in red
2. After the first entry has been placed, continue to add positions every time the 5,13,6 and the 3,7,3 MACD's both close in Red only (don't cofuse red with Maroon). Once the 5,13,6 closes in green go back to the first part of this entry strategy.

General Rules of Thumb:

1. If both trades trigger at the same time, place only one trade and use the rules for the AC
2. If one trade was placed and did not trigger by the time the next trade was signalled, do not place the order for the second trade. Leve the first trade ride or swap it with the new trade if the case may be.

Well...here we have a very nice compliment as we are waiting for our Long Term trades to tirgger. Once again, I believe that you will find this to be very high percentage trading.

I just have one more to give you and that is the B.-ch Slap Technique - H4 (BST-H4) it is different from the D1 version but just as effective.

This has been a nice journey and I thank everyone for the help that they gave along the way, but after this I will probaly have no need to look for any more trades to make as I don't think I would know what to do with anymore pips.

Until then, have a nice weekend.

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Quoting chuckeepw

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Damon

You might want to consider using the 14 day ATR for stop levels, say two times the 14 day ATR for initial stop placement. This way your stop levels will dynamically adjust to the prevailing market for that currency

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Quoting dkhinckley

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Thanks,

may be obvious to most, but i'm a little slow!
i've read thru it several times. i'm sure as soon as i post this i'll see the answers for myself. so to speed up that process here it goes!

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Quoting TimeFreedom

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I noticed that if you change the colors on the MACD_OsMA_4ColorLH indicator it reverts back to the original hard coded color once you switch timeframes. Here is the updated MACD_OsMA_4ColorLH indicator with the fix. Now you can change the colors on the indicator and it will not revert back to the original colors when you switch timeframes.

TimeFreedom

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Quoting lcfxtrader

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Here's an idea for the stops.

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Quoting TheLegace

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Since forex factory wont let me upload more than 7 files here are the profiles and PDF, I know setting all the templates to the profiles can be a pain, so please damonl or whoever checkover everything and make sure everything is the way it should be.

Hope I could Help
TheLegace.

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Quoting TheLegace

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Allright I have finally made time and fully gone through the 3+1 system, and I finally understand it, with the use of the MACD_OSMA indicator that was posted it makes it easy to understand the smoothing line issue, but I have gotten that taken care of, I have finally setup all my charts and even have created a draft of the PDF for the ATP system. I am posting it right now with a tempalte of the 3+1 and the new Bitch Slap technique, I am going through that right now, before I finish the post and put the template that I have created.

I just need one thing cleared up, the new MACD indicator being used, which colour exactly indicated whether its above or below the smoothing line, also the dashboard walsoje1 posted, did it accurately follow the MACD smoothing line thing, you were saying that you were having some trouble understanding it. I hope its all ok.

I am posting the ATP PDF, but this b-tch slap technique is quite confusing.

1)I am not going to think about the D1 strategy at the moment, but the H4 I just have some concerns over the indicator color. For the 3,7,3 MACD, do the colors need to be switched? Instead of Maroon/Read and Lime/DarkGreen they will be Red/Maroon and DarkGreen/Lime respectively?

Just need to get that cleared up. I think other than that I have a decent understanding of the system. But I need to get into speicifics on how exactly trades are entered. Usually at the start of days right for the 3+1, and then the H4 is at start of next candle usually I hope.

Good Luck
TheLegace

Here are the profiles/indicators and PDF.

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