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Brijons advanced traders multi-currency strategies

  • #81
  • May 18, 2011 9:11pm May 18, 2011 9:11pm
if you made a profit it is the curect way to trade and continueing to improve making more money and learning from your mistakes.

congradulations you are a first on this thread to have seen the light
the beginning of a great fun experience

as you said im on holidays and my work is done , only through practice can one learn

watch the videos as the answer is clearly shown on the last 2 i posted

ill be busy on trips ect till the middle of next month ill try and answer questions during the short breaks

enjoy your trading have fun

share with others on here or the amazing 3mw thread

continue practicing in game mode

god bless you well done

FROM brian

Quoting trade4fun
i am seriously amazed by this system of controlling the drawdown and equility.

i have got many times to a same problem, but i could never fix it or had an idea to fix it. my guess at 1 time you came to the same problem. but how did you find the solution.

that said i am still at beginning of learning curve.

today i 8 buys and 8 sells on hedge pairs AUDJPY,AUDUSD,
GBPUSD,GBPJPY,EURJPN,EURUSD,NZDUSD,NZDJPY.

at 1 time. the buys of AUDJPY,GBPJPY,EURJPY,NZDJPY lined all up. so i opened 4 more of AUDJPY,GBPJPY,EURJPY,NZDJPY.
i had then 12 buys...
  • #82
  • May 18, 2011 10:52pm May 18, 2011 10:52pm
Hi Brian,

Thanks for the other great videos.

Regards, Paul.
  • #83
  • May 18, 2011 11:40pm May 18, 2011 11:40pm
i had a few problems with flash player all fixed now update succesfull
i hope these videos are sharing some light on managing drawdown
i expect later today market will go short on the majors
but ill be away on small daytrip

usually after tripple swap market goes short
sometime today i expect

god bless from BRIAN


Quoting pah
Hi Brian,

Thanks for the other great videos.

Regards, Paul.
  • #84
  • May 19, 2011 2:28am May 19, 2011 2:28am
Quoting trade4fun
i am seriously amazed by this system of controlling the drawdown and equility.

i have got many times to a same problem, but i could never fix it or had an idea to fix it. my guess at 1 time you came to the same problem. but how did you find the solution.

that said i am still at beginning of learning curve.

today i 8 buys and 8 sells on hedge pairs AUDJPY,AUDUSD,
GBPUSD,GBPJPY,EURJPN,EURUSD,NZDUSD,NZDJPY.

at 1 time. the buys of AUDJPY,GBPJPY,EURJPY,NZDJPY lined all up. so i opened 4 more of AUDJPY,GBPJPY,EURJPY,NZDJPY.
i had then 12...
Hi all,

trade4fun one question:

1 - What 4 buy orders you close?... the original or the new ones?

Sorry for my English.

My first post
  • #85
  • May 19, 2011 3:58am May 19, 2011 3:58am
Thanks Brijon for your answer. i am glad i understand 1 part of it. will defintly take me at least couple of months to understand it all.

actually at the moment all i look now is check the trades that are open at the moment. and check for new opportunities. then check by your video if i get in the same kind of situation and see if i can handle it.

again thanks a lot for taking all the time to explaing it it all through videos and postings here. and have a very good vacation!

...

adat

i closed the new ones i had opened.

so my old hedge pairs remained in sync.

sorry for late reply, but i went to bed afterwards.

Inserted Code
Hi all,

trade4fun one question:

1 - What 4 buy orders you close?... the original or the new ones?

Sorry for my English.

My first post
  • #86
  • May 20, 2011 5:15am May 20, 2011 5:15am
ive just done a basic video showing the application of limit orders to trade hedging curencys which ill up load later

using this method might give STEVE SOME IDEAS FOR A SIMLE EA

BUT BASICALY THIS CAN BE USED AS A GO AWAY AND REAJUST TO BOSUNS LINES IN POS AVERAGING

FOR MANY TRADERS THAT HAVE RESTRICTED SCREEN TRADING TIME MY NEXT VIDEO MAY GIVE YOU IDEAS TO PUT ON YOUR TRADING METHOD

http://www.youtube.com/watch?v=fePe9kh5sGc
  • #87
  • May 20, 2011 8:23am May 20, 2011 8:23am
http://www.youtube.com/watch?v=kjbfuMTJCx4
  • #88
  • May 20, 2011 8:46am May 20, 2011 8:46am
dear brijon or any other who got the excell files working. ( no google chromo problem)

if possible could you tell me where you have added your excell files in the World_of_Brian_MT4 directory.

i have watched your video many times, but i dont see any reference in were you add the excelle files.

reason i ask, because i tried this whole morning to get the excell documents working, but i just cant get them to work.

i know about the google chrome problem. so that is not it. the error i get is that it can not update links. then i get a screen message that says i need to redirect them.

so my guess is that i either add the excell file wrong. or the link to were the CSV files are made are wrong. although i have done basicly everthing i know off. i can not get it to work. not on office 2010 or office 2007.

i added the file World_of_Brian_ToExcel.mq4 in scripts.
i have copied the Brian_New.xls and BTS_trader.xls to c:/World_of_Brian_MT4/

also the CSV files that get updated by the world_of_Brian_TOExcel.mq4 go into c:/World_of_Brian_MT4/experts/files

i have the file Daily Data FILE.mq4 in c:/World_of_Brian_MT4/experts/files

so what am i missing?

i really like to get this work so i can study on how to open the hedge pairs as you described in your video.

at the moment i basicly open hedge pairs not on the 0 as you described. this is ofcourse dangerous since the hedge i open could be at a very high or either low point of some currencies in the hedge.

however i want to train myself so for the moment it does not matter to much to me. but eventually i like to have the excell files running. i like eventually to see how everything behaves with a perfect hedge setup to star with.

thank you
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  • #89
  • May 20, 2011 9:03am May 20, 2011 9:03am
Quoting trade4fun
dear brijon or any other who got the excell files working. ( no google chromo problem)

if possible could you tell me where you have added your excell files in the World_of_Brian_MT4 directory.

i have watched your video many times, but i dont see any reference in were you add the excelle files.

reason i ask, because i tried this whole morning to get the excell documents working, but i just cant get them to work.

i know about the google chrome problem. so that is not it. the error i get is that it can not update links. then i get a screen...
Hi trade4

All looks good to me, according to Brian's video and besides the Chorme it's worked for me, but tonight nothing, no MT4 connection?!

But, for me Daily Data FILE.mq4 is in the wrong place and even when it's run the spreadsheet doesn't call/reference it?

BTW I always have to run world_of_Brian_TOExcel.mq4 twice to get the H1 data correctly.

I hope that helps.

Paul
  • #90
  • May 20, 2011 9:06am May 20, 2011 9:06am
http://www.youtube.com/watch?v=G0WudwxjYPM
  • #91
  • May 20, 2011 9:40am May 20, 2011 9:40am
first copy bk folder into to c drive re name it World_of_Brian_MT4
in video i mentioned put daily data file into both scripts and file
this new bk world of brian open on desk top is your mt4 platform

this mt4 is opened first always

then updated the excell script folder in script

then open your spread sheet

then reup date run script file

then excell update

hope that helps watch video again

from brian
  • #92
  • May 20, 2011 9:49am May 20, 2011 9:49am
Thank you Brian for your explanations about managing sales and draw down. I've followed from the begining of 3 mw and now with this thread and I must thank you because many things that you touht in the 3mw now makes more sense to me.
As you say, I've developed my own way to trade with those principles and thanks to that I've been printing money (as you say).
Your last video makes things even better in a way that we can have a target with our open trades and also better be in the profit loss profit circle.

All the best,
Antonio
  • #93
  • May 20, 2011 10:35am May 20, 2011 10:35am
http://www.youtube.com/watch?v=sFQ1-yheVto
  • #94
  • May 20, 2011 10:53am May 20, 2011 10:53am
http://www.youtube.com/watch?v=e60vlw2uV3g
  • #95
  • May 20, 2011 10:57am May 20, 2011 10:57am
thank you for your kind words
god bless from Brian


Quoting mercesa
Thank you Brian for your explanations about managing sales and draw down. I've followed from the begining of 3 mw and now with this thread and I must thank you because many things that you touht in the 3mw now makes more sense to me.
As you say, I've developed my own way to trade with those principles and thanks to that I've been printing money (as you say).
Your last video makes things even better in a way that we can have a target with our open trades and also better be in the profit loss profit circle.

All the best,
Antonio
  • #96
  • May 20, 2011 11:48am May 20, 2011 11:48am
thank you Brijon,

for the updated Excell video. i am wathing it now. after i am going to try again and again. as long as it takes to get it working.
  • #97
  • May 20, 2011 1:03pm May 20, 2011 1:03pm
Hi Brian,

Firstly I would like to take this opportunity to thank you for all the hard work you do in attempting to make us all better traders

Having experimented with T101's method for some 12 months unsuccessfully, I stumbled across your teachings. I have been trading the same demo account for 6 months and have increased the starting balance of £500 to £2,580 as I write.

I have only been trading the EUR/USD, GBP/USD and the EUR/GBP. I have experimented with different indicators/approaches but ultimately I end up adding further positions (in groups of 3, ALL long or ALL short) as and when the price goes against me. I patiently wait for the trend to change and close the total basket when in profit. Maybe I have just been lucky so far?

My question to Brian is simply this.

In your experience of trading this 3 currency hedge has it ALWAYS gone from loss to profit and back again? In your opinion does this hold true?

Once again thank you for all your hard work it truly is appreciated.

Kind regards
Kevin.
  • #98
  • May 20, 2011 2:56pm May 20, 2011 2:56pm
dear brijon,

i did precisly the update how you described to update excell in the video. it is how i had done it the whole time.

i also got the same error message in excell 2007 as you got. with missing links.

however when i do the update it simly wont update all cells.

as you can see in the picture i get missing values.

could anybody gave me an answer what this problem is?

is it maybe because i use alphari and it has 5 digit broker? should i try 4 digit broker?

thanks
Attached Image (click to enlarge)
Click to Enlarge Name: bijon-excel-error2.jpg Size: 174 KB
  • #99
  • May 20, 2011 10:41pm May 20, 2011 10:41pm
i think your excell has a problem with the decimal place but first try another demo broker , it appears it may be the excell settings or the excell your system has but first try another broker

if this doesnt sort out your problem , it must be in your excell settings

sory maybe someone else knows the answer , it works on all my computers back home

from brian
  • #100
  • Edited 11:43pm May 20, 2011 11:27pm | Edited 11:43pm
the question you asked is simple but like all simple things they are the hardest to explain

as this is a great question it may mean ill have to later

MAKE a special video

but ill need to set up a new demo account to do this ect
but for this moment ill try a general basic answer

the three EURUSD GBPUSD AND THE ANCHORE EURGBP
can be traded as you mentioned succesfuly depended on the strength of current euro economics and the USD

trading this method is not using buisness management correctly
but does produce excellent profits in normal times of economic stability

USING the history of mt4 for example

in a special excell spread sheet

shows the problem during long periods of low volatility and high volatility

of entering the hedges

later ill introduce this into hedge trading

this is why i use buisness management as a tool using sales equity dd control and turn over factors

now the strategy you have adopted does have one flaw ,

that its not producing non stop sales equity growth to turn over factors

eg long shelf life of stock , sales to stock turn over ratios

so you are like a shop waiting for the right moment to produce a profitable sale using specific timming if this makes sense

although you sales fiigures are excellent it can cause problems later

with stock staying on your shelf for hugh long holding times

causing high dd and loss of interest and no supporting sales to equity

the use of same currency hedge or the jpy group as counter hedges can help greatly you as your buisness and reduce drawdown even further

also timing of entry of the hedge using zero and the limit orders as a means of sales generation

the hardest thing is for many traders is to grasp buisness management principles and think in these terms

as we have been conditioned to think in traditional forex trading methods old habits are hard to break

im not critizing your current buisness profits quite the opposite but
pointing out some problems you know already

higher drawdown periods long waiting times in low volatility and
the periods of time you wait for the cycle of loss profit loss
can be frustrating and cause some stress

so im sujesting you also practice game mode as well as you are currently doing your trading

and look at the six the jpy group as a counter hedge and monitering your
taking profit using equty growth reducing drawdown timing patence of taking profits as shown in my latest advanced hedge training videos

if this gives you an idea to reduce long waiting times and helps you
make a great living trading then we both are succesful

the results you quoted are super and your post has encouraged me

to continueing giving and sharing unfortunatly in the next weeks ill be to busy to cover fully the simple question you asked in detail why you need to add a new dimension to luck

he he

we make our own luck through hard work and our thinking and

i think kevin has learnt the most important lesson all traders need to learn

believe in your self your method your system

thats 95% of the real secret to trading the forex or running your own buisness

sharing and giving to others

only by giving we recieve 1000x more than we gave

shared knowledge is shared wealth

that simple statement is my belief its the real secret to success
my success

dont be greedy paitence

may god bless you

from BRIAN




Quoting wingate
Hi Brian,

Firstly I would like to take this opportunity to thank you for all the hard work you do in attempting to make us all better traders

Having experimented with T101's method for some 12 months unsuccessfully, I stumbled across your teachings. I have been trading the same demo account for 6 months and have increased the starting balance of £500 to £2,580 as I write.

I have only been trading the EUR/USD, GBP/USD and the EUR/GBP. I have experimented with different indicators/approaches but ultimately I end up adding further...
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