Brijon Concept of Threes auto trading robot by Steve Hopwood

15 min ea defines the forest the trees the branches and the leaves

all time frames but 3mw is used in pure form 15 minutes

small scalps in out

i m staying with the concept for this ea

but you might find better results in 4 hour frame

from brian

this method of now acd brijons can be aplied to any trading method ea indicaters ect no right or wrong way to trade

STEVES HAS STARTED DEVELOPING A THREAD BASED ON MY INTERPRETATION OF THREES 3 MW NOW

the method i applied to his method ive used indicaters as my method of intereptation of threes and included my enhancements with acd on price now exploiting the real volatility of now

i used this as a basis of manual trading scalping

indicaters for trend and corelation of currency strengths

volume buyers and sellers all help by a weight of evidence foe entry with brians insde bar

but once the trades is on i use pure price the now volatility no indicaters just visual oF profit of the trade on

then you can see the present spread and the volatility true volatility

for profit and the cureent cycle +0- loss profit loss

hope this helps

3mw is now it is applicable to any sYstem or ea in my opinion

but STEVES TIGHS DONW SO WELL MY MANUAL SELECTION OF TRADES FOR 3MW IN ITS PURE FORM


from brian

hope this helps

Hello fellow addicts :nerd:

I've been looking at the 15 minute charts, mainly scanning the position of the 4HR square box (yellow lines), in relation to potential breakouts in conjunction with a histogram RSI type indi.

I know this maybe a bit off the track, but I've thrown a screen shot indicator on the chart which will takes snaps every 30 min's.

The plan for next week, is just to let it run, then review the screen output in relation to the yellow lines + also the RSI indicator to see if it has any legs in terms of breakout trading ??

Maybe I'm way off here, but I think its worth looking at.

Example screen attached (ignore the sell)

account from live ea since 2-25 started with $58 .01 lots 9 pairs.
I know my MM is screwed for the balance but this is a FU account for me

Bottom line decent up graph.
Most trades are ea's doing some positions closed manually for one reason or another .. been running non stop since 02-25 from my original set file

Not ready for full blown account yet . . by all means
just showing what it is doing live

the ea is not ready for full auto mode in live one must control positions on carefully to strick leveL by rurning on and off the ea on the task bar
and be paitent

the ea cannot duplicate pure manual trading

i do but steve has done a fantastic job of trying to interperate a complicated manual method of mine


i sujested to help you understand acd method of trading the signals

to use the ea in demo mode only to run based on default settings of the ea but turn on the square the volume setting to 5

the take profit to 50 and the trailing profit to 3 or 1 depeding on volatility at the time

in low volatility the trailing profit to 1

this is in demo mode with no concern on drawdown just as a training exersize to understand acd visualy using 3wm now

now as the ea puts on trades this is game mode on the current ea ,
not ready for trading unless you understand position size and lot size management to account size fully

the purpose of this profit size and trailing profit is to show you visualty

how the acd uses now without indicaters

watching volatility of the brok spread and this setting is doing a crude examlple of acd trading

using the spread to show you a rough version of the acd method of brijons(mine)

minus plus minus( loss profIt loss)

so i call it game mode so you can see using the demo ea

to teach you the real method of trading used by me

learning timing of profit visualy watching the cycle seeing true volatility

of now

a fantastic ea for that purpose

it generates non concious trading no thought entrys based on trend

that i use without mw paterns

so in live trading one must control posotion size and lot size to account size and learn buisness management i think

to learn true cyclic trading over time and learning patience for trade to develope its true cycle loss profit loss

the exersize i gave you was to learn the now cycle and to approximate true acd trading , its easier than reading a book


over 30 days of fast real time trading cutting out concious though of drawadown one learns a new habit of profit orintated trading

and old conceprs learnt by habit of negative trading will be broken

this is a fact that it takes 30 days to change ones concepts and negative patterns learnt over years

so this game mode will teach you by turning on and of the ea when you are not there how the real volatility of now visualy with trades on you can watch the moment when zero profit goes on from loss

then watch the moment patiece zero profit breakeven

the idea is watching the count +1 -3 eg -7 0 +1 the take profit setting at eg low volatility at 1 locks in the bounce if there is a breakout

you have a trailing stop proft behind your trade alowing for the true breakout if not lock in 1 profit

this is for fast trading using now

manualy one can do it but that is pure acd based on now volatility

this game mode is a representation of acd method

the method only of using a trade on and the 50 trailing 1 or2or 3

The system will teach you the basic method by watching

thegame mode drawdown can go up to 15 to 20 % of account size during the cycle

of loss profit loss but this is demo game mode for learning acd

its my sujestion till the developement of the ea is ready to trade live

game mode have fun in demo learn to trade 3mw acd method now

its only my opinion , i dont care im no expert

theres plenty of negative traders to new ideas

that know better

i can say your eyes will open to the magic world of trading and enjoy trading in a way you never dreamed possible AND HAVE A LOT OF FUN

god bless from BRIAN

I decided to try the latest version of the EA in auto mode. I have started the EA 9:50 this morning. Default setup except lot size. With no SL and no TP.
I run MPTM with Hidden trailing stop of 3 pips.
At about 17:00 I have lost connection to the server due to some real problem that my ISP was facing (never happened before) . At this stage I had 23 closed positions with +117 pips and 10 open positions with +12 pips. The connection to the server was resume 18:40. And here I have manually closed all open positions with extra gain of 4 pips.

Arbinka super test




drawdow is it under the 15%

Hi Arbinka,
The statement looks good. Are you using the latest EA version?

What are your settings on the MPTM?

What was your criteria for closing the losing trades?

Thanks.

I think it is the latest version - I downloaded this morning.
MPTM was set to control all positions with no SL and no TP but with Hidden trailing of 3 pips and distance to visual of 10 pips (This cause some Invalid stops errors for some pairs that had more then 10 pips in stoplevel - the distance should be higher to avoid the errors, but they do no harm).
I closed all open positions including the losing because I thought that I had good result until that point and the basket of open positions was in positive erea.

Thanks

by sharing we gain 1000x more than we gave

thank you from BRIAN

drawdown is within my range but one can control precisley drawdown to youcomfort zones with buisness management priciples balancing buys and sells on trade slow moving fast moving

later ill teach this method of controlling to your comfort zone on my thread im sure most top traders know this but by some comments some dont

WE ALL TRADE DIFFERENT NO RIGHT OR WRONG WAY

Brian,

Sorry, but I still cannot follow the exercises you want to impart. Like for example the acd based purely on stock trading that is very different in forex. In stock you can totally depend on the volatility feeds eminating from the source as trading is centralized unlike in forex which is scattered around the globe. In addition,the ACD method as described in the manual is based if I am not mistaken 5 to 10 minutes from opening of the market. I suspect you have been blending your ACD strategy with the MW not upon the opening of the market but upon the current bar in reference to the previous bar. It is very much appreciated if you elaborate more of your strategy in detail like Step one..... followed by Step two.... followed by step three... This I believed others may follow you. The Loss-profit-Loss cycle i can not get it (Sorry you may have discussed somewhere in detail). Perhaps you might be refering to the tendency of the 15 minute time frame where Price Action after reaching a certain support and resistance have the tendency to reverse back to where it came from where a new cycle begin.

Those who have been following Brian effectively and emulating his trading successfully, I would appreciate if you can elaborate more where Brian cannot impart well. I am still new in forex and I need more assistance more than you Guys who have been trading forex for some time. You can easily absorbed what Brian is saying but to us newbies it will take some time before we can undertand the flow of his logic.

Thank you Brian for your efforts in sharing your methods and hope that some people out there also will join you in making this thread successful so that what you have started will also shine like a Lamp placed in a Lamp Stand instead of keeping it inside a bushel.

Regards,

Edd

Lets keep method questions in the other thread http://www.forexfactory.com/showthread.php?t=242404 and EA topics here... just a thought.

Brian,

In case you want to reply, do it in your thread. Steve's thread somehow has been polluted not only with my post but with other subject not related to the EA as well. But just the same I hope my message have been communicated to those who want to help.

Sorry Guys.

Edd

Latest update is in post 1. There a re a couple of new inputs, along with a couple of cosmetic changes to the chart display:

 

1. TicksCountBeforeTrading is the number of ticks you want the chart to receive before it will consider trading. The idea is to give B some time to 'bed in' after a restart.
2. ClosureTargetPips arises from my seeing that most of Brian's trades close at a tiny number of pips profit - pure scalping.

2) leads to a lot of trades closing at +not-a-lot and adds to the balance very quickly. Inevitably, there arises the trades that do not cooperate and go deeply into the hole. B has no coding to deal with these, so manual intervention is required here.

Both of these features are experimental and I have no idea if they have a useful future.

I have also added some code to deal with those situations where Matt's OR code does not wait long enough for the blasted platform to recognise that a trade has been sent and results in a duplicate trade. Matt's code includes a maximum no of tries that I have turned to infinity.

I know I started out trying to keep the EA and the manual trading contributions separate, but this distinction has disappeared. The EA has developed in line with Brian's comments about his manual trading because of the features I introduced early on to allow it's use a a signals rather than a trade generator.

So, discussion about manual trading is equally relevant here. My problem is how to reconcile manual trading strategies with implementations in code.

So, feel free to discuss manual stuff here guys.

Steve, requesting Recovery to be added to this system. I have played around with various stop loss distances the past 2 weeks. Nothing works and just causes it to barely break even or continually take small losses. I for one do not have the balls to go live without a SL. I know Brian is amazing at handling the pressure but I am not. Essentially this bot is similar to countertrend trading and I feel like recovery may work wonders here also.

For now, definitely not. Brian's is a scalping system. Adding Recovery to this is a sure-fire recipe for total disaster. For now, nobody should even be dreaming about going live with this ea.

For the future, who knows?

Everyone, remember that the single most significant use of this ea is as an aid to manual trading. I will elaborate on this tomorrow, but those of us who enjoyed a great week of basket trading last week, have suffered a week of drawdown this week.

Anyone who thinks B represents an accurate representation of Brian's trading system has not read the development section in post 1. My commentary there is not tongue-in-cheek.

the control of drawdown is depended on positions on

eg 14 currencys
7 sells 7 buys of 101s is always a hedge that has a max dd over time of under 2%

until the mix is mismanaged

so you need to think of current trend say 7 in loss by putting the right selection the dd is negated to a point

its related to slow moving stock and fast moving

lets think ratio of currencys on to the actual new trend ratio of sells and buys so currencys overall trend now is short but we have 5 long 2 sells

we need counter balace fast moving shorts to current trades on

or weighted buys to sells in new trend movement

hard concept but think of a buisness

it needs more stockof faster moving items than slow to give best turnover factor

for new traders i think this is too oo hard a concept but its related to sales higher quantity of fast moveing stock to slow moving

in this instance stock is curenncys in dd

you need the right balance

eg long trend now 4 long 3 short positions fast moving ratio to slow

think about equity sales stock turn over ratos

im trying to keep the basic idea as simple as i can but im sure basket experience traders no what im talking about

the concept of using hedge as a ratio of buys to sells in a now trend

its not for this thread but most traders dont want to plow through a mountain of info on my thread

just giving you some info to think about using correct ratios in the new trend direction

a balancing act

from brian