Brijon Concept of Threes auto trading robot by Steve Hopwood

there are many guys on here that lack trading experience ,

i think its vital to understand the basics before using any ea live

eg on running 101s hedge curencys or basket trading or corelation trading using eas


ESPECIALLY MULTICURENCY TRADING AS IF YOUR MIX IS NOT RIGHT

DRAWDOWNS CAN BE FRIGHTENING FOR MOST TRADERS

ESPECIALY FOR THE USA TRADERS UNABLE TO HEDGE WITH THERE ACCOUNTS NOW

GENERALLY MY THOUGHT IS ITS NOT THE EA THAT IS THE PROBLEM
BUT THE EXPERIENCE OF THE TRADER USING THE EA

and sad to say fully auto eas in general terms have not been so succesful live

unless the trader understands the ea completely the methods its using and the bugs within its program and has trading live experience

i think for me semi auto is the way to go in most eas

but its only my opinion the greatest ea i ever used had no stop loss

simple it used the corellation of the curencys and take profit at the monthly high

but drawdown trading only one currency could be as high as 40 %

it relied on the natural cycle of loss profit loss over time

it made only one or two trades a week at the most

so in my sumation i think you can use this great ea of steves for learning acd method using steves ea and watching the trades the volatility of now

there will never be a better way of becoming A profit concious trading now

waiting or letting the take profit and the trailing profit purley on the o prifit and its minus plus minus eg 12 returns to zero goes plus 2

take profit learn timing the ea with these small additions on default

is like a ball auto picher you practice hitting profit fast learning timing learning acd trading brijons method a is 0 c plus d is down

c the profit ea atuo sends trades good and bad game mode is


hit the good on target balls called profit

watch the spead trading becomes auto after practice

this is game mode trading learning first lesson

of real trading not indicaters

take the bat in hand no one is watching you practice hitting profits
or the drawdown just learn to trade as the pros trade

price now

its only a game try it you might enjoy the fun

my opinion only

from BRIAN

PS DEFAULT TURN ON TRAILING PROFIT 1 FAST TRADING
2 SLOWER 3 SLOWER TAKE PROFIT AUTO 50

TAKE PROFIT MANUALY BEFORE THE EAS DOES THATS THE GAME TAKE PROFIT TEACHES YOU TIMING AND SPREAD AND VOLATILITY VISUAL

Generaly i dont trade the day before the forex closes ,

but many traders do so im just relaxing hoping you guys are doing the testing playing the game

ps you need volatility and patience

now i hope you apply your whatifs after playing the game and sharing your ideas ect , we all learn from each other

i aspect a good programer is playing the game mode and utalizing his success and thoughts how to program this in

im giving all of you this basic info to improve steves ea

so by helping steve in its developement with your thoughts im sure will be appreciated

god bless from brian

Top one live accout almost dobled in a week. tweeking settings.....

bottom one running another test of settings demo 100% wins

Thank you Steve.

Edd

hello dry,

amzing results. Which sort of StopLoss do you use ?

Hi

Please find attached my results from Tuesday night / Wednesday Morning GMT. IBFX live a/c 2 cents per pip. $9.59 net profit (approx 470 pips). Current open trades -$1.70. The settings I use are default with BE of 25 and BE Profit 15. I do not have basket setting.

Kind Regards

None (scary)

When I had the SL I keep hitting it
Now I just use the MPTM and I keep hitting TP
My set file is somewhere here

The option UseVolume=true - consume a lot of memory! and cause huge amount of paging which slow the performance of the system.

Normally I am able to run up to 8 sessions of MT4 without any problem. But with this option turned on, even one session slow the system significantly so I had to turn it off in order to run more then one session.

pip pip
pip pip
pip pip
pip pip
pip pip

I started the ea this morning at 7:00.
The ea was set to trade betwin 7:00 to 17:00
I have closed all remaining active positions at 18:21.

that is great
What is your gmt

Please look at the settings box below. Does this look correct for your set up. Just everything OOTB except lot size and those 2 changes marked in pink, or should other TS values go to True?

Thanks for your time. Great results!

Guys, it is very unfair that such a good system is only rated 3 stars on Brijon`s thread. I would be most grateful if you could take the time to visit the thread and vote the 5 Star it deserves as a token of recognition.
Thanking you in advance.
Kind Regards

Hi
these are my recent results from 28th Feb. I think I am using an earlier version of the EA because it does not have LSMA or Volume Tick Count on it. However, everthing else is OOTB except trading hours.

I shut the EA off between 1800 Hrs GMT and midnight GMT.

im not after recognision just sharing info between us we all learn from each other

i ran the ea on the test game mode settings i gave you early

default turn on square turn on lsma and volume 5

take profit 50 trailing stop 3

fully auto mode but i ajusted buys sells ratios to the trend as trend

changed for draw down control

volume 5 uses a lot of comp power but ok for test on 2mt4s

i demo 1 live

i dont personal recomend stop loss as stop loss is what its name says

for you guys this is game mode demo so why not try it as i said

ujust the volatility of the moment traling profit stop to either 1 or 2 or 3

i left setting at 3 over night on traling profit

so here is semi auto mode results leaving ea to do the work only ajusting the ratios of buys and sells to keep my dd controled to my limits of max 15 max 10 comfortable 5 great 2 underutalizes positions on

ok here is last trades till now

god bless from Brian

GMT+2

I said I would advise the results of my test of using a global SL of -$150 and a global TP of $50. Unfortunately Steve was right - big losses!

Is anyone else on here having any success with using a SL with this system? I'm keen to give this ea a better go but first I want to work out a way of having a reasonable risk to reward ratio.

A few years ago I went out to dinner and came back to find the currency pair I was in had fallen hundreds of pips through the floor; I had lost $12,000 in the couple of hours I had been away, and my account was blown. My personal experience is that you can go for months of making really good money with no stop losses, only to lose it all overnight due to sudden unwinding or a major event happening. And we all know those do happen. I do know that you can just trade tiny amounts and therefore reduce your risk, but the same principle of losing all your hard earned profits still applies no matter what amounts you are trading. I'd find it hard to sleep with that scenario now, so if anyone has any stop loss suggestions for this system I'd love to know.

Cheers
FK

PS Not trying to be negative here - just trying to see if anyone has worked out a way of making this ea work with a SL

Could you reply to post 572 please?
Thanks

Nice one astral. Done.

in my opinion greed and lack of knowlege are the real causes of hugh losses , so account and drawdown targets need to be monitered to max 15% of account size

so therefore onE knows his comfort zones of trading

eg 1 position account size 10k at 10% is 1000k

therefore you have your comfort zone at 10% so your stop loss is defined

stop loss hmm old habits die hard for many

so if you have 10 positions on you only have 100 AVERAGE FOR EACH

not good as your imposed stop loss level will see many losses

as the volatility will take you out on your stop loss levels

ok 1000 k acount max 5 positions using .01 never ever will you reach 15%

drawdown unless you are an extremly bad trader and never make a
succesful trade your win loss ratio is terrible

its my opinion after trading for many many years , we all learn we all have blown accounts in our early days of learning


greed , the lack of trading knowledge and account management

in my opinion your mental stop is more important as stop losses end up being the bros profit not yours


the management of a natural hege can help eg the buys and sell ratios

your lucky if you have now a bro outside USA as you have the perfect hedge to control your drawdown ,

usa citizens have a nother way using balances of buys and sells to manage their accounts THEY HAD TO ADAPT TO NEW RULES AND REGULATIONS

unfortunatly most traders (inexperieced learn bad habits from other traders re account management

trading the forex is a buisness in my opinion

buisnesses never heard the word stop loss , so one has to think

how can i manage my account without stop losses

like all biusnesses new inovations

times AND markets changeS

we have to adapt to change , me too

so think , accounts are easily blown, how can i change my way of doing

things

open up my mind to new methods

there is an alternate way of trading , but you need to think old habits die hard

for me too

in 35 years trading for a living , the one thing that has kept me succesful is discard things thant dont work adapt to market change

using the latest ideas , old habits die hard ,

like you its a hard proceess

to change our traditional thinking,

ME TOO

good post from a a kiwi

ps dont follow the sheep they only make sexy ugg boots

GOD BLESS FROM BRIAN




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