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Dreamliners’ MPAS (Mechanical Price Action Strategy) System

  • #441
  • Jan 8, 2011 1:50am Jan 8, 2011 1:50am
Quoting Dreamliner
Ah, good point. I cannot share anything about his system, as he sells it commercially. So I won't answer any questions about the system right now.

Thank you for your kind comments.
Well I think the question is what is the risk and what is the reward... the win rate is 100% but at what cost? If you have a decent risk reward then in the short term good job for finding such a strategy! May you be someone as giving as the person who shared it with you!! I hope the cost wasn't too high...

Remember you give and you get thats the rule of nature forget capitalism.

Jag
  • #442
  • Jan 8, 2011 4:35am Jan 8, 2011 4:35am
Quoting zamanib
Yeah-- let it out let all of us make 500 trades with zero loss too
I would like it too...even it would be just one pip but warranted
  • #443
  • Jan 8, 2011 5:02am Jan 8, 2011 5:02am
I don't think I can post a link here, but you can google "Forex Renewal" and his website is the first one to come up.

I met with him last week over lunch and verified his live trading record, and it is indeed accurate. What is amazing to me is that his balance is actually fairly small, even with winning all his trades, and the reason is because he does not compound at all. He has been using 1 mini lot to trade with since he began, and has not changed. He would have several million had he been compounding.

Quoting zamanib
Yeah-- let it out let all of us make 500 trades with zero loss too
  • #444
  • Jan 8, 2011 5:49am Jan 8, 2011 5:49am
Quoting Dreamliner
I don't think I can post a link here, but you can google "Forex Renewal" and his website is the first one to come up.

I met with him last week over lunch and verified his live trading record, and it is indeed accurate. What is amazing to me is that his balance is actually fairly small, even with winning all his trades, and the reason is because he does not compound at all. He has been using 1 mini lot to trade with since he began, and has not changed. He would have several million had he been compounding.
I found the forex renewal website.

Here is something on the website

================================================
In the month of December 2010 I had 65 positive trades in a row without any losses. Even though I was 100% certain that each trade would produce at least 20 pips, I did not know how much time each trade would take. Most trades take less than 15 minutes, some trades take as long as 30 minutes, but there are a few trades that make you wait and wait. One such trade was a long entered on the GBP/USD. I was 100% certain that this was going to be a trade, based upon my system, that would produce 20 pips. I entered the trade and immediately set a stop. The stop was never hit but the trade was in the oven for ten days.
====================================================

What this tells me is that he has HUUUUUGE Stop losses
Can you imagine being in a trade for 10 days and it not hitting either your 20 pip target or your stop loss

This has to mean HUUUUGE stop losses

Who is going to trade larger lot sizes with HUUUUGE stop losses

Correct me if I am wrong

PGPB
  • #445
  • Jan 8, 2011 5:55am Jan 8, 2011 5:55am
Yes, you are indeed wrong. I asked him the very same question. Here is my question, followed by his answer below:


> Barry,
>
> As I got to thinking about your trading results I wanted to ask you a
> question before we meet together. Do you trade with no stop loss, or
> with a huge risk to reward ratio? The reason I am asking is because,
> just to be upfront with you, I really do not like trading this way.
>
> I connected up with a company awhile back that promised 100%
> profitable trades, and produced a long track record, over 200 trades,
> that were all profitable. Then I found out why. They traded with no
> stop loss and took only 5 pips profit on each trade.
>
> And while that indeed worked for them, at least for a few months or
> years, I was just not comfortable trading that way.
>
> So could you please let me know if you trade in a similar way? As I
> was thinking about it last night that seemed to make sense, as you
> stated you went 10 days one time while waiting for your 20 pip target to hit.
>
> Thank you very much. Mike


Here is his response:

I knew a guy like that to. He only took 3 pips on each trade with a 9 pips SL. I have a stop loss on every trade of 20 pips. My TP on every trade is 20 pips or more. I had a signal to go long on the G/U and the 20 pips target got hit only because the stop never got hit.
My cell is .... if you can't make it.
Barry

Quoting pgpb
I found the...
  • #446
  • Jan 8, 2011 6:13am Jan 8, 2011 6:13am
To be completely upfront, I do believe my friend, Barry, "breathes with the market"; meaning his system is not 100 percent mechanical, and he will indeed increase his stops on volatile days. As an example, we were stopped out yesterday during NFP whereas he got 20 pips. He increased the size of his stop loss, and we did not.

Let's not take up this thread with his method, however. I've given you the way to find him if you want, now let's keep this thread about the original method. I will be trading it some on Monday.
  • #447
  • Jan 8, 2011 9:34am Jan 8, 2011 9:34am
First, this testing week was dismal since I kept losing connection to the order server. Comcast is part to blame and either Ninja or PFG is part to blame since I wasn't automatically connected back to the order server when the internet connection came back on. So, this is only 3 days of data, and only part days at that.

These results are only of the COMPLETED trades. I didn't log the number of trades, just the results.

Platform: Ninja Trader 6.5
Live Sim test on 6 Pairs using auto-strategy (FOREX folks use the term ROBOT)
Strategy Enters on a Stop and Exits on a Limit Order at the first tick of a new bar, either end. In effect, Exiting at the Close of the 50 Range bar acts as built in Target and Stop Loss. *** NOT GOOD when internet goes out in the middle of a trade ***
50 Range Bars, 17 pip move from Open to place Stop Entry, 25 pip move from Open to Cancel Order if no Entry.
Trade time varied due to internet outage, but typically 9 PM Eastern to 9 AM Eastern.

These results are in $$ PnL since each pair has different dollar value per pip and include Spread and Commission ($0.50 per trade for mini lot).

USD/CAD $52.08
GBP/JPY $142.42
EUR/USD -$10.00
USD/JPY $25.49
USD/CHF -$19.11
GBP/USD - $125.00

Net Profit $65.88

I'll work on the strat this weekend and see if I can figure a way to set the Stop Loss at the opposite end of a bar once a trade is initiated.
So far, so good. I HOPE to get a better test week next week.
Joe
  • #448
  • Jan 9, 2011 12:57pm Jan 9, 2011 12:57pm
Something smells fishy here.
DL, I must say I suspect you try to sell something in the name of "other's" name which is also you!

People, be careful!
  • #449
  • Jan 9, 2011 1:12pm Jan 9, 2011 1:12pm
Wow, I guess if you get burned enough times you start to suspect everybody. No, I'm not selling a thing, certainly not "in the name of others." That would go against my belief system and integrity.

I do, however, believe in my friend, Barry's system. I'm meeting with him again tomorrow for lunch and look forward to learning more from him.

Isn't it amazing what Forex trading has degenerated to? Everybody is trying to sell something, so that even those of us who aren't are suspect. I understand, Smilee, you've just been burned and don't want anyone else to be.

Quoting smilee89
Something smells fishy here.
DL, I must say I suspect you try to sell something in the name of "other's" name which is also you!

People, be careful!
  • #450
  • Jan 9, 2011 1:14pm Jan 9, 2011 1:14pm
Thank you Pecunix, I always believed this to be a profitable system, and you've verified it. It would be nice to trade this 24 hours a day and see if we get any different results as well.

Quoting Pecunix
First, this testing week was dismal since I kept losing connection to the order server....
  • #451
  • Jan 9, 2011 1:18pm Jan 9, 2011 1:18pm
Quoting Dreamliner
Wow, I guess if you get burned enough times you start to suspect everybody. No, I'm not selling a thing, certainly not "in the name of others." That would go against my belief system and integrity.

I do, however, believe in my friend, Barry's system. I'm meeting with him again tomorrow for lunch and look forward to learning more from him.

Isn't it amazing what Forex trading has degenerated to? Everybody is trying to sell something, so that even those of us who aren't are suspect. I understand, Smilee, you've just been burned and don't...
Sorry, I don't "buy" it.
By the way, I have never got burned and never will be burned from others' system.
  • #452
  • Edited 2:14pm Jan 9, 2011 1:23pm | Edited 2:14pm
There are several others on here who have purchased from Barry and can vouch for the fact that he is indeed not me.

I appreciate that you have a naturally suspicious character, and with Forex trading that can be a good thing. It's just not true in this case. Anybody can email him off of his website, and if you examine his manner of writing, will be able to see immediately that we are not the same.

Anyway, enough discussion of this now, let's turn back to this system. Thanks to those of you have shown good results.

Quoting smilee89
Sorry, I don't "buy" it.
By the way, I have never got burned and never will be burned from others' system.
  • #453
  • Jan 9, 2011 2:10pm Jan 9, 2011 2:10pm
Quoting smilee89
Something smells fishy here.
DL, I must say I suspect you try to sell something in the name of "other's" name which is also you!

People, be careful!
I hope you will apologize to DL when you discover you are wrong.....which you are.
  • #454
  • Edited 2:39pm Jan 9, 2011 2:28pm | Edited 2:39pm
I will defend Smilee ... Just try to understand ... FF is being recently flooded by scam ... at the end you don't know who can you trust ... :-/

But anyways, DL is a respectful member and I want to belive that he wouldn't risk his reputation ...
"A goal without a plan is just a wish" - Antoine de Saint-Exupery
  • #455
  • Jan 9, 2011 2:30pm Jan 9, 2011 2:30pm
Hi guys,

First time here.I found this thread looking for Constant Range Bar trading strategies ...I`m an advanced newbe(red it all,tried them all...).I trade mostly demo and sometimes a live cent-account.After trying like.. many systems... and strategies I come to some conclusions:forget about indicators( ok ema 200 maybe) and robots are a joke.

I trade common sense PA,and channels(shi,LR ,fibo,EDC) with CRB.Unfortunately,or vice-versa,sources treating Range Bars are very,very thin.

I made some own experiments with different ranges,and I just come to that 33 pips bars are productive.This is an empiric observation, no statistics there.

I was very happy to discover this thread. My "system" is simple.I look for daily bias: if long I trade only long and the other way around, when short.Enter 8 pips from open.L=5 TP=10.From midnight till midnight GMT there are15-25 bars.Average 20 bars,tradable under daytime 12, non-tradable 2,stoped 3-5.
50-70 pips profit.not very smart to be glued to the computer one should say,but I compare this work with a supervisor in the process industry and here you are!Range Bars are ideal, you don`t need to stress and speed the execution.

I hope that I`m not the fat lady(I can`t sing),now when Dreamliner is leaving,but I really want to improve my use of CBR and find more effective strategies.

I am using a "tool" that can be usefull in ANY Range Bars strategy.One green rectagle(h=The range) with the low base fixed to the fluctuating LOW. One orange rectangle(h=The range) with the upper base fixed to the fluctuating HIGH.I draw the rectangles with the instruments in MT4.Maybe such indicator exists but I did not find it.In my experince it is an exceptional VISUAL AID to control the" process".

I `m aware of the fact that this thread IS NOT about indicators but this "tool" has not the attributes of a real indicator.I am not a programmer myself and my programming skills are poor to non-existent.

I`m attaching an explanatory image and if one of you thinks it`s worth the time and effort maybe can he/she find a way to make an idicator out of it.
Once again, it is a very usefull VISUAL AID.Thank you!


webcom
Attached Image
  • #456
  • Jan 9, 2011 2:41pm Jan 9, 2011 2:41pm
Thank you Trzcinek, I assure everyone, I am not selling one single thing. First of all, I really have not been profitable trading Forex, though I have tried to be for a long time. This system here, is the first I've been profitable with. Even so, I would not sell it to anyone, but only give it here on FF.

I agree that there are numerous scams, and we are all cautious about it.

I do appreciate my friend, Barry's system, and I have verified his results with my own eyes. I appreciate that he is a man of integrity and can recommend him to anyone. However, I do not get any "kickback", no "affiliate" agreement, no other remuneration in any way. I merely appreciate what he has discovered and commend his trading skills.

Quoting trzcinek
I will defend Smilee ... Just try to understand ... FF is being recently flooded by scam ... at the end you don't know who can you trust ... :-/

But anyways, I want to belive that DL is a respectful member and he wouldn't risk his reputation ...
  • #457
  • Jan 9, 2011 5:03pm Jan 9, 2011 5:03pm
I purchased Barrys system and have been in communication with Barry. My feeling is that Dreamliner is not Barry. I have no doubts in my mind or heart regarding Dreamliners sincerity or integrity.

Ed
  • #458
  • Jan 9, 2011 5:14pm Jan 9, 2011 5:14pm
Thanks Ed, and anyone in the Ohio area is invited to come meet with Barry and I tomorrow at noon at Appleby's in Fairlawn. There will be 4 traders there.

Quoting Ed777
I purchased Barrys system and have been in communication with Barry. My feeling is that Dreamliner is not Barry. I have no doubts in my mind or heart regarding Dreamliners sincerity or integrity.

Ed
  • #459
  • Jan 9, 2011 5:29pm Jan 9, 2011 5:29pm
I'll vouch for Deamliner.
I've known him for a long time and he is the last person who would try to pull anything unethical.
  • #460
  • Jan 9, 2011 6:38pm Jan 9, 2011 6:38pm
Quoting Dreamliner
Thanks Ed, and anyone in the Ohio area is invited to come meet with Barry and I tomorrow at noon at Appleby's in Fairlawn. There will be 4 traders there.
G'day Dreamliner
Apparently Barry used to be a big poster on FF a while back. I searched FF under Barry Huddleston but no luck. I was wondering if you or anyone knows his forum name?
Cheers
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