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Brijon Concept of Threes auto trading robot by Steve Hopwood

  • #581
  • Edited 5:25pm Mar 4, 2011 4:54pm | Edited 5:25pm
Quoting ForexKiwi
I said I would advise the results of my test of using a global SL of -$150 and a global TP of $50....
When a system relies on not using stop losses, then surviving is all about lot sizes.

There is a huge amount of macho-twat stuff talked about money management here at FF. Dimwits talk about risking 1%, 2%, 3%+ on individual trades?

1%?

2%?

3%?

On individual trades?

What kind of moron risks 1% of his balance on a single trade, never mind the rest?

And then goes on to trade umpteen pairs, just to compound the mistake?

Only a cretin. Or a macho twat.

Stop losses are designed to do one thing only: separate the dimwits from their cash. Criminals love stop losses.

I stopped losing money and started gaining it trading forex when I cottoned on to these simple facts:

 

  1. trade lot sizes tiny enough to not cause panic when the trade goes against me. I have time to decide what to do about it. Mostly, that involves waiting for the trade to turn around in my favour. This is particularly attractive on those rare occasions where swap is in my favour.
  2. take tiny profits from lots of small trades. Lots of tiny profits add up to shed-loads of profits. I do not need to be macho twat.
  3. macho twats are macho twats, not some sort of special life-form with a unique understanding of how the markets work.

  • #582
  • Mar 4, 2011 5:13pm Mar 4, 2011 5:13pm
Still goods result and mimics Steve's previous post about small prodits will add up in the end. I'm curious by the end of a year what the results will show. I will do my best to keep taking the trades.

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K.I.S.S.
  • #583
  • Mar 4, 2011 5:24pm Mar 4, 2011 5:24pm
one has to think think small not big

small lots of profits add up to giant gains

mental stop losses to your account size

the forex is a loss profit loss market hugh volatility ,

you account must be prepred to stand the volatility of the moment you must be flexible in your thinking not rely on crazy talk

its a fact the best entry is a loss profit loss cycle prove it your self

the spread means as soon as your trade goes on it starts the cycle

irespective of your brilliance unless your very lucky it goes profit loss profit

so the volatility of the price now is where true small profits are made

the spread and a trailing profit small tight pos with hope of a breakout so 50 pipps or a 100 your trailing profit stop will lock in breakout profits

so account management we all learn through experience lot size positions on to account size

less is better its a hard lesson to learn but greed kills

compounding small profits over time

one looks at the return on investment is it realistic on a 1k account $10 a week is an anual return of 50 %

but most new traders expect 520% minimun which is not possible on a 1k account so they try harder risking more and more till they blow there account

blaming stop loss control not greed or unrealistic expectations

the turtle and the hare

lots of small steps to reach realistic targers not greed

if we analyse all our mistakes blown accounts over time we should learn from them

as mistakes are only stepping stones to success

old habits realy do die hard im an expert at making mistakes

FROM BRIAN


Quoting SteveHopwood
When a system relies on not using stop losses, then surviving is all about lot sizes.

There is a huge amount of macho-twat stuff talked about money management here at FF. Dimwits talk about risking 1%, 2%, 3%+ on individual trades?

1%?

2%?

3%?

On individual trades?

What kind of moron risks 1% of his balance on a single trade, never mind the rest?

And then goes on to trade umpteen pairs, just to compound the mistake?

Only a cretin.

Stop losses are designed to do one thing only: separate the dimwits from their cash....
  • #584
  • Mar 4, 2011 5:37pm Mar 4, 2011 5:37pm
Quoting brijon
if we analyse all our mistakes blown accounts over time we should learn from them
Hehe. When I first joined FF, I read a contribution to a thread that included along the lines of, "Traders cannot consider themselves to be real traders until they have experienced blowing at least three accounts."

I thought to myself, "What? No way am I going to blow one, let alone three accounts."

I wish.

Frankly, I have lost count of the number of accounts I blew on my journey to some sort of understanding of forex trading. Let's just say it is less than 10 and leave it at that, ok?

Are you getting this, newbies. Some of us are trying to save you from yourselves. Mostly, we will fail to save you but experience and kindness makes us want to try.

TINY LOT SIZES, OK?

  • #585
  • Mar 4, 2011 5:50pm Mar 4, 2011 5:50pm
i see that Dave is doing that small is better

it takes more skill
im more impressed with the small account results as the pro portion of spread is higher to overcome in small lot sizes so the returns are 10 times more difficult

proportion of cost to trades

well done Dave

now by simple following game mode and watching the volatility of the spread the cycle one will learn so much in qiuick time over 30 days

you will teach yourself the most important lesson without cost to you in demo

all the the theorys your old thinking will be proven or disproven but its up to you

past trading experience learn the price now using Steves ea its great

understand drawdown how you can control it

look at you profits losses balance

do you need to rebalance lock in your drawdown amount

market is long you have 4 sells on you need 5 buys eg on as well watch control drawdown not the other way round

you are trading learning price now and teaching yourself

first price now second step controlling draw down to tight figures


be brave think this is not my money im in demo mode game mode testing price now profit trading high speed (ps im old )

patience learn volatility of now

watch the turn over ratio of fast movers slow stock become profit profit take profit develope real time trading skill

let the ea take profit while your away but become profit orientated first

then later watch balance of buys to sells in trade

curent trend loosses at top large ec

what is the trend you can see visual


more buys in losses or more sells

think fast moving ratios i need more fast moving on now trend

sells buys think

learn i cant teach a blind man who refuses to see or look

simple things are the hardest to see

from this share your ideas im sure with ideas STEVE AND HIS TEAM WILL PUT A GREAT EA TOGETHER

SEE BY BALACING TURNING OFF THE EA ONE CAN BALANCE HIS BOOKS

OF TURN OVER RATIO I DID

IF YOU LOOK AT MY LAST TRADES IM SURE YOULL SEE

BUT WITH THOSE SETTINGS THE EA WORKED BUT I ONLY NEEDED TO WATCH MY RATIOS FOR SALES AND DRAWDOWN CIONTROL




FROM BRIAN
  • #586
  • Mar 4, 2011 6:12pm Mar 4, 2011 6:12pm
Quoting SteveHopwood
Stop losses are designed to do one thing only: separate the dimwits from their cash. Criminals love stop losses.

Steve, I know where you are coming from with this and agree to a point. Stop losses can definitely restrict profit in ranging markets, and the crims love hunting them down. I guess I just haven't come across a system yet that works long term without stop losses. Very happy to be proved wrong here. I will watch with interest.

Cheers
FK
  • #587
  • Mar 4, 2011 6:40pm Mar 4, 2011 6:40pm
Quoting ForexKiwi
Steve, I know where you are coming from with this and agree to a point. Stop losses can definitely restrict profit in ranging markets, and the crims love hunting them down. I guess I just haven't come across a system yet that works long term without stop losses. Very happy to be proved wrong here. I will watch with interest.

Cheers
FK
I am assuming that you do not think that I think that you are a dimwit; I have lots of reasons to assume otherwise. So:

Stop losses do far worse that restricting profits. They lock in losses. These losses will simply accrue and accrue.

The fastest way to blow an account is is to overtade - instant death.

The second fastest way to blow an account is is to use stop losses - death by a thousand cuts.

I have arrived at this conclusion: if your trading system needs stop losses to protect you, then you are over-trading.

  • #588
  • Mar 4, 2011 7:56pm Mar 4, 2011 7:56pm
THINK PROFIT BECOME A PROFIT TAKER THAT IS WHAT I WANT TO TRAIN YOU TO LOCK IN PROFITS NOT BIG

THINK PROFIT ONLY PROFIT learning timing learn o minus 5 plus 2 watch the volity of trade the trick timing in volatility it goes fast +1 -10

this exersize is teaching you what the ea is doing on 50 take profit 1 or 2 or 3

just riunning the ea it makes lots of trades profits but your not learning timing

to think and learn ACD BRIJON METHOD

THE EA TEACHES YOU BUT VISUAL WATCHING TRAINS YOU IN TIMING

LATER YOU WILL NEED THIS KNOWLEDGE

IN BALANCING SELLS AND BUYS RATIOS

TO CONTROL DRAWDOWN

BUT FIRST WE ARE TURTLES IT TAKES 30 DAYS TO BREAK AN OLD HABIT

MAXWELL MALTZE CYBERNETICS VISUAL TRAINING THE SUCONCIOUS

GREAT BOOKS THE LOGIC TRADER BYMARK FISHER

AND THINK AND GROW RICH BY NAPOLIAN HILL

BEST PRACTICE IS FIRST BECOME FOCUS NOW ON PROFIT

RATHER THAN LOSS

TRADING IS BEING PROFIT ORINTATED YOU NEVER GO BROKE TAKING SMALL PROFITS BUT YOU NEED TO KNOW HOW TO MANAGE YOUR TRADE

AFTER SUFFICIENT PEOPLE SHOW THEY NO HOW TO MAKE NON STOP PROFITS WE WILL MOVE ON TO BUYS SELLS RATIO

TRADING THE PRICE NOW

ONLY A FEW TRADERS ON HERE ALREADY KNOW AND HAVE PRACTICED ACD BRIJON NOW

FROM BRIAN
  • #589
  • Mar 4, 2011 10:20pm Mar 4, 2011 10:20pm
Totally possible; under the condition that your profits(win radio) is higher then the losing trade - and lot size is very crucial like Steve have said.
see image below: this guy still made a good profits($22,000) if he decided to withdraw this account today(equity-deposit). One of his trade has been opened since Sept of 2009
http://www.myfxbook.com/members/Phen...t-80-beta/1806
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  • #590
  • Mar 5, 2011 6:13am Mar 5, 2011 6:13am
guys.. i have been a bit busy with other stuff and have not had a chance to read through ALL the posts.. but I have read the first one (the main one) and the last few. I am aware of the strategy but have not had a chance to apply it to a demo account. I understand there have been some issues and questions about using stop losses due to drawdown etc

so my question is... is it not possible to use recovery? Personally, I would use the EA to open trades, and then when I found myself in some relavtive drawdown, I would use the sixes indicator or TMA to determine when to open another position for recovery...

Just sharing my 2 rupees worth..
  • #591
  • Mar 5, 2011 8:06am Mar 5, 2011 8:06am
Quoting Viv108
guys.. i have been a bit busy with other stuff and have not had a chance to read through ALL the posts.. but I have read the first one (the main one) and the last few. I am aware of the strategy but have not had a chance to apply it to a demo account. I understand there have been some issues and questions about using stop losses due to drawdown etc

so my question is... is it not possible to use recovery? Personally, I would use the EA to open trades, and then when I found myself in some relavtive drawdown, I would use the sixes indicator or TMA...
Someone brought this up earlier in the ea's development; my reply then was 'no', because it is essentially a scalper and we did not know then how undesirable is a stop loss.

I am thinking again and am going to play with this in my demo trading next week. If it turns out to be successful, then I shall incorporate Recovery into B.

  • #592
  • Mar 5, 2011 5:33pm Mar 5, 2011 5:33pm
fair enough. In the meantime, I will try the EA during the week with the manual strategy for recovery.
  • #593
  • Mar 5, 2011 8:30pm Mar 5, 2011 8:30pm
using a basket offline chart one can see the current trend the 3mw the square the volume of the total

using buisness management you can see the overall trend this way

so you currencys in trade should be balance number of buys to sells to maintain the corect sales balance

this is my method of using stock ratio balance of sales to stock turnover to control drawdown to precise levels of comfort on dd


i trade the forex based on buisness principles applied to the forex

we all trade different no right or wrong way just another way of looking at trading


balance of current sales on now turn over factors slow moving fast moving sales profits

something to think about

from brian
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  • #594
  • Mar 6, 2011 1:25am Mar 6, 2011 1:25am
http://www.forexfactory.com/showthread.php?t=283300

band from most great threads on the forex factory but he has a following of negative loosers

sad realy to see one thats is in reality one of lifes loosers

dont know how you can help some people who

need medical attention fast

but its sad to see these guys how they discourage others from

imparting there knoweledge


but they do teach us in life not to sink to there own level


we all make mistakes me too its so easy to take these people

seious to sink to there levels of anger

im sorry i did

so its sad to see this guy making a fool of himself its not pretty

from BRIAN

http://www.forexfactory.com/images/m...ading_dark.gif

  • #595
  • Mar 6, 2011 2:10am Mar 6, 2011 2:10am
Hehe. I don't think he likes me.

Twee grumbles at me if he feels I have been a little harsh. I wonder what he will make of an entire thread aimed at Steve-bashing.

  • #596
  • Mar 6, 2011 2:21am Mar 6, 2011 2:21am
but it has side benifit at least it shows us who to ban quickly

from clutering up our honest intentions of helping others

i forgot he may be a teenager imature little brat

we all do stupid things speecially me in letting my emotions and anger

respondimg to these poor groups of misguided fools

a fool and his money is easly parted

back to our developement of your great work

and hopefully we open up some traders to new ways of thinking

AND IMPROVE EAS DEVELOPEMENT FOR ALL THREADS

we all learn from each other

from BRIAN
  • #597
  • Mar 6, 2011 11:57am Mar 6, 2011 11:57am
Quoting SteveHopwood
Hehe. I don't think he likes me.

Twee grumbles at me if he feels I have been a little harsh. I wonder what he will make of an entire thread aimed at Steve-bashing.

Wow, I am impressed entire thread dedicated to Steve bashing! This is sign of celebrity status! I wish a day comes when there are threads dedicated to Astral bashing.

  • #598
  • Mar 6, 2011 3:55pm Mar 6, 2011 3:55pm
then you know the crims and others think you are a threat to teaching others how to trade succesfully and teach others and learn from each other

ps i entered a little test for my members on my thread profit concious trading and using balance of positions on for controlling draw down

game mode only demo account for learning only by watching observing

for those who need to learn real time trading acd brijon method only

have fun enjoy the game in demo mode and learn how to control drawdown to your comfort level

from brian




Quoting astral77
Wow, I am impressed entire thread dedicated to Steve bashing! This is sign of celebrity status! I wish a day comes when there are threads dedicated to Astral bashing.

  • #599
  • Mar 6, 2011 4:22pm Mar 6, 2011 4:22pm
Quoting astral77
Wow, I am impressed entire thread dedicated to Steve bashing!
Yep. Did me good too. I enjoyed his post.

Quote
This is sign of celebrity status! I wish a day comes when there are threads dedicated to Astral bashing.

Um. Shall I start an Astral-bashing thread?

Something along the lines of, "This Astral guy. He is useful, intelligent, organised, supportive and thoughtful. He has to go. Flame him with everything you have guys, flame him."

Hmmmmmm. Not entirely sure this fits the bill.

  • #600
  • Mar 6, 2011 5:14pm Mar 6, 2011 5:14pm
Quoting SteveHopwood
Yep. Did me good too. I enjoyed his post.
Um. Shall I start an Astral-bashing thread? Something along the lines of, "This Astral guy. He is useful, intelligent, organised, supportive and thoughtful. He has to go. Flame him with everything you have guys, flame him."
Hmmmmmm. Not entirely sure this fits the bill.
The way I would start is by saying this idiotic cretin has not got a clue what trading is all about, his greated contribution has been "Thank you", what an idiot. Please ignore him he is bad for your health and a/c balance...

However, I know you have much better things to do with your time and have much higher intelligence than these guys to start any negative threads. On a serious note people do realy puzzle me. Why they fear knowlegde and success? Look at how they started a thread making fun of Brijon and why they did such a thing. The only reason I can think of is they resent the way trading comes to him so naturally. There a lot of guys in FF who are like Brian and they also have their fair share of what I call "Hate Fans".

I started trading in 2008 and made a loss in that year, also made a loss in 2009. However, in 2010 I made a small profit. Nothing to write home about and maybe would had made more by just investing the money in stock market. But I was over the moon that my cycle of loss was finally over. I owe this to BOB and YOU in the first place and to people like SCOOBS and MACMAN for their guidance and sound advice. This year has been even better and I have to thank BRIAN for showing me different avenue to reach the goal we all desire. I am also learning from other traders who are not well known, but by sharing their methods and experiences I have benefited greatly(e.g. RADIO in NB thread and Hidden GAP in VSA Thread to name a few).

That is why I am puzzled when someone in the beast thread says we do not have the balls to call you a a******. Thanks to your creations which you have given us free of charge thus far I am better off by over $800. Where I come from we thank people who teach us and help us and we do not throw insults at them. I think Brian summed it up nicely by saying it is SAD, very very SAD.

Well enough said I have to go and activate your Brijon EA on some pairs with the aim of making some money. I leave the hurling of rude and lewd insults to the ones who have nothing better to do.

Kind regards
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