ATP (Advanced Trading Philosophy) - 3% Daily....From working to trading for a living.

yes there is eq4, colud you please post mq4 file
Thx

this is the only one that i could find, but i think it is close to the same thing

I have to go and so i had to close out this trade maybe a little early, but here it is.



The first blue arrow is an invalid signal because price is beyond the volcano. This trade then became valid when price closed back in the volcano which it did a few bars later. It was even accented because the entry was then below the 144 EMA.

The 2nd blue arrow was where price closed back below the volcano and it was far enough from the 144 EMA to enter the trade.

The 3rd arrow was also another valid continuation entry, but did not take it because it was so close in proximity to the order that just triggered.

Price then penetretrated through the 144 EMA and triggered out 2nd order and the blue "x" is where i closed them out. I am sure a little early, but i need to go this AM and i already have a nice profit and this gave me another 8% in profit or so.

As i get ready, i may take the re-entry if it comes for another 8 pips or so, but on the 5 minute charts, a few minutes away can effect your account severily.

later

Well...today affered some very nice trades that would have made some very nice profit. I hope others were able to capitalize on the moves. I am seeing a minimum of an additional 100 pips that could have been harvested today.

It is good to see a system that is working even if I was not able to trade today. These 100 pips would have given us about an additional 20% profit above and beyond the little over 10% made earlier in the session.

It is really good to know that when I quit my job that i will have a working systme that can replace my income.

Let's hope it continues and eurusd continues to give us 100 pip moves or more in the same day.

the market is pretty tight right now. If i get a trade siganl I will probably get out of it at the first sign of trouble. I am biased long eurusd because the 144 is above the daily pivot and also very close to it. It may take a lot of gusto to get us to break lower today, although anything is possible.

Here is a trade that i just exited........



The 1st blue arrow was an invalid signal because it happened outside the volcano.

The 2nd blue arrow gave us a close back in the volcano making our first signal valid. I did not take the trade when it was hit becasue things were tight and i got scared.

The 3rd blue arrow was my continuation trade entry which i took.

The 4th arrow was another continuation trade, but i did not take it bacause there was just too many green bars with no retracement.

The 5th arrow is another continuation trade entry point and one I will most like take if it triggers and no cancellation signals occur, but so far it has not.

I am looking at sonicdeejay's slope indicator and it looks very good. I did get out of the trade just below the 144 EMA envelope near the blue "x". Using sonicdeejay's indicator i would still be in this trade, but i want to kind of test it live and see what happens.

Too bad i chickened out on my 1st entry point . I would have been able to add 12% to my total rather than 6%. Still very respectable, but these large lot sizes are taking some getting used to,

I am thinking that at some point i will not increase my lots any longer. I am not sure at what point that will be and i am definitely not there yet, but for now i have a profit total in mind before i decide to give the boss the old thumbs up.

My wife would like it if i quit work now, but i want to make sure that i am a professional trader and not still a wannabe.

Well....I think i am happy for now with my profit for tonight and so i will be back off to bed. Adding 6% daily to my account sounds good to me with the occassional big hit. Especialy when (at my current lot size) i only need 1% daily to live off.

Later

The question of the day for me is would i have naturally hit the news spike to collect some pips.

The answer is i really don't know. Market was ranging pretty tight with price above the 144 EMA and above the daily pivot, and so long would have been the bias.

No doubt that we had at least 2 continuation trades in the long direction that would have triggered. I know that i would not have taken both of them as they would have been at the same price, but would i have entered the market at all on the first or second one is the question.

The second might have been a definite possiblity, and since i base my lot size on 13 pips, but put in a hard stop at 21 pips for the first trade, i definitely would not have been stoped out, on the little downward move the preceded the news announcements.

Techniacally speaking based on the rules i should have been long 2 positions before the spike, and at least one for sure.

I definitely would have caught at least 20 - 50 pips on the retracement that followed, so if not one, then i would have made pips on the other.

Happy pippin'

What u r doing sounds very nice!!
couple of cuestions (if you don t mind)
How many trades yo take per day? u have some limit??
how long have you been tradeing full time?
how long have you been tradein before u decide to become a full time trader??
tx a lot and sry about my english (sucks!!)
abd

Hey abducted.....for the most part I have always traded live. I tried trading demo accounts, but i felt i wouldn't really learn anything if i was playing with paper money. The nice thing is that most brokers have a mini account and you can risk just pennies.

Sometimes i entered more than i should and lost and other times i entered more than i should and won, but for me playing a demo account gained me no experience what so ever and for the most part early on I was risking just pennies.

I didn't post earlier, but normally on this day i do not trade at least until the news movement is over. As you saw, there really was no way to tke any profit during London, maybe if you traded the news and got it right you would have made some pips, but there were definitely a few nice moves after the news movement was over.

Hope you all have a nice weekend.

I wanted to mention that i have made a few adjustments to the eurusd M5 strategy.

I have added a more defined t/p zone and even an early indication that we should be looking to exit the market. I have also added an additional filter to the entraces and eliminated a few indicators and replaced them with another one.

I am liking this more and more everyday. Over the next few posts i will give some examples of the new trades.

Also...please note that i will soon be adding a method for trading gbpusd H1 and i will also look into trading eurjpy H1 with it and some other pairs, but for now it is gbpusd only. I have the initial template located on the 1st page and will soon get to giving the rules.

Please see the 1st post for a complete list of rules for this system



1 pip above the bar coinciding with the blue arrow would be the entrance into the market. As you can see, Slope Line 21 was green, MACD 13,21,8 was green, MACD 13,21,8 was above the smoothing line, Sonic (21) was green and we were in the volcano.

The second blue arrow was where MACD 5,13,5 closed below the smoothing line indicating that i should start looking for an exit.

The thumbs up is where to exit the market based upon Sonic Slope (13) going to gray.

It really doesn't get any simpler than this

The 1st blue arrow was an invalid signal because it triggered below the volcano and also did not break the EMA 144,

The 2nd blue arrow would also be invalid beacuse it triggered below the volcano, but it did break through the 144 EMA. When price closed back in the vocano, thisw signal becomes valid and we would then enter the market as price moves back through our entry point.

The 3rd blue arrow was a re-entry position

The thumbs-up was where we would have exited the market based upon Sonic Slope )13) turning to gray.

The gbpusd trading strategy has been written on the first post of this thread. Here are some sample trades, but make sure that you go and read the rules



As you can see, my lime and red colored horizontal lines in the LSMA3 indicator bax are very close together and had many completed segments without a break out.

The breakout occured at the blue arrow and in this trade reached our 150 t/p target.

Here is another long example trade.

Here is a chart with 3 consecutive trades.



The first trade lost 35 pips. i may have been out early based on the pinner bar that bounced off the EMA 144 envelope and the next bar.

The second trade would have hit our t/s for + a few pips, and maybe would have gotten out with a few more because of a stagnant market,

The 3rd trade would have hit our target of 150 pips.

I started this thread on July 24th. Since then i have made a few adjustments to the system, but for the better in my estimation.

Account % increase totals from July 24th to July 31st were 21%. There were a few days in which i did not come to the forum and record my trades which also would have given me some profit, but i will only count the ones that I have recorded here.

This weekend i gave one more slight revision of the system indicators and more importantly a hard t/p function. Ultimately this hard t/p function will keep me from getting the 100 pip runs in most cases, but more importantly will help me close out of most markets without leaving as moany on the table as i have been. Most trades I give 1/2 my pips back while waiting to exit. This new exit ruling should more than make up for not catching every pip of a ver long slow bull or bear market run.

I have also added the H1 strtaegy for gbpusd. I will most likely only play with small lots for the time being, only because i will not be around to regain my profits if i take a loss and then have to head to work. I will add this one also using a 3% risk once I am a full time trader. For now I will just work on mastering the system as once you make your first trade you should be available to regain any losses until you are in profit and can step away for the puter. As gbpusd has more than enough daily movement to make this happen.

I shall be back around for the open of London. Until then....happy pippin,

Good stuff, following with interest.

Have you got the sonic slope indicator? wouldn't mind taking a look.

Cheers, PQ

I have really fallen in love with the H1 system for gbpusd and i can't wait to trade it full time. That time is fast approaching.

I thought that i would see what would happen if I also applied this type of trading to my trades for eurusd on M5 and guess what. I am in love with this as well.

There are some slight differences between the indicators for the 2 pairs, but the results are phenominal and the way it keeps me out of tight ranging markets just makes me smile.

I will post what i have found with some screen shots when i get a chance, but there is no doubt that I will be trading this live tonight.

Hey pips queak....the indicator can be found in SonicDeeJay's journal or by downloading the templates from the 1st post.