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

Quoting walesoje1

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I checked the settings of the MACD_OsMA indicator and the normal MACD and OsMA and Moving Average of Oscillators and they are all the same.

Let's not confuse everything with drags on indicators colour. The Green and Maroon are just when the MACD histogram is making a reversal from a trend in the other direction but I don't think that is what this whole system is all about. When it is green and lime they are the same and maroon with red too.

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Quoting damonl

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This will be fine for the indicator, but regarding the BST-D1, we would not add on any additional Long Trades unless both MACD's we are using would show Lime and likewise we would not add on any additional Short Trades until both MACD indicators showed Red. That was the reasoning behind changing Red and Maroon around, to better show trade direction.

For the indi....all is okay.

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Quoting chuckeepw

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Damon
In today's journal you are reflecting you are long Eur/GB but the weekly MACD on interbank has been red the past 3 weeks. Why long?

Also the Eur/Cad AC was green Friday. Why are you going short. Do you take a fresh look at the abbeviated Sunday close to measure your positions because I do see the AC went red on Sunday.

Lastly, what happened to your long US/Yen trade of May 2. Was it closed on May 8 because all 3 indicators went red that day?

I am just trying to understand your logic

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Quoting walesoje1

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For ATP 3+1=Win 4H, there are valid short trades on EURCAD and NZDUSD.

Anyone can check these too.

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Quoting Feihong

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Hi damonl,

The 4h and day trading rules are for GJ and GCHF only. Am I right?

Thank you in advance.

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Quoting damonl

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I am wondering if we are making even this simple trade too complicated. I am seeing alot of pips just in taking trades when the MACD 3,7,3 goes to either Red or Lime, not opening another trade until that one triggers and cancelling any pending orders once Lime goes to Dark Green or Red and once Red goes to Maroon or lime.

Can it really be that simple....? I am also seeing the same trades with GBP/CHF and EUR/CAD, althought EUR/CAD would not have as high of T/P or S/L.

Maybe we don't need anything else?

Any thoughts?

Manual Backtesting......

I know it isn't much, but I did a backtest using BST-D1 only using the MACD 3,7,3 being either Lime or Red for GJ and GCHF.

Everytime I placed an order for 150 T/P, 100 S/L and 75 T/S. Actually GCHF out performed GJ, but when you add both together we would have made over 10,000 pips since September 2007. This is quite a lot of pips. We rarely if ever lost three trades in a row wihch means we would have never experienced more than a 300 pip DD

I don't have anytime to look farther back right now, and I would imagine that backtesting for 2005 and early 2006 would show few results, but that would only be because the daily bars moved 150 pips in any one direction very rarely.

I would imagine that any volitility that was absent then will probably not be an issue again because of the vast number of people who are now foreign currency speculators.

I think for now we are limited to these 2 pairs only for DST-D1. All other pairs do not have the type of movement that we are looking for.

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Quoting dkhinckley

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Hi Damon,

this manual test shows great results. very exciting!
i understand you used only the one macd 3,7,3.....

that was set at default 4 colors and trades were only taken on lime/red.
is that correct?

thanks for the time and effort
dave

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Quoting damonl

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yes...but make sure that you change the colors of Red and Maroon around in the color section of the indicator.

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Quoting chuckeepw

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Yes, Snakeforce repaints

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Quoting dkhinckley

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Thanks
That was the real question. ( I had it hidden in there somewhere!)


dave

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