Brijons advanced traders multi-currency strategies

Sounds great I'll look forward to watching it when I get home.

I started a demo using profit/loss and was up about 3 % last night and I've been looking at the indicators to try and get better entries for the subsequent trades, which I'm sure will improve things.

Thanks

Paul

http://www.youtube.com/watch?v=oyzaWGNmT-E

http://www.youtube.com/watch?v=nTdMK9rpJ7Q

very well done brijon,

congratulations! and thanks for showing it by video as well.

bateman, brijon i will send my skype by pm.

i created an small indicator. keep in mind i am a learning programmer. a hobbyist so to say.

i tried to program the threes EURUSD/EURGBP/GBPUSD as i think in your excell setup.

however what i see the whole time is that the pip difference always stay 7 pips.

is this correct?

i have added the indicator in this thread. it is actually an EA. so please use this indicator as an EA.

it is very simple. just i like to know if the calculation is correct. before i create the other ones.

thank you.

Hi All

I find the limit order interesting, it allows you to take profit on one order and set up the next order to take profit on the re-trace, a double edged sword

trade4fun, what you are seeing with the 7 pip difference is what I was badly trying to explain a few posts ago.
With the entry and reverse entry seasonal prices being similar (separated by spread) and the formulas that are in the table then the result will always move together, the $ values will change, but the difference will not move by much.

To me there are two explanations: -

1. The spreadsheet is wrong (I think yes, but because Brian wants us to work for it, which is fair)
2. The zero point is always, you don't need to check (I think no)

I've been looking into the other tables on the 'Demo_Trades' tab and I see a group of cells that can come down to zero and it seems to me that the formulas are related to the Bosun line idea, so this is perhaps it?

Thanks

Paul

Hi Brian

Having been on holiday im just catching up with your latest videos.

Ive just set up another demo account just for limit orders, as a time limited house dad ( on a career break) im starting realise that I might not need to go back to my old career, all demo at the moment but everything that you have demonstrated so far has certainly been profitable for me.

I am certainly looking forward to trading live, however at the moment its practice practice and practice.

Im just wondering what else you have in the pipeline, your knowlege is incredible.

Thanks for everything so far,

M.

the trouble maybe you need bk that has all 14 currencys to run

eg fxpro demo

some bks do nort carry all these currencys so therefore you will be unable to run the excell

try frx pro open demo account for eg

from BRIAN

i can now manual update the excell files.

what i did is i changed my windows 7 time and tables to that of australia.

then i updated it and it works.

however it wont autoupdate every second like i see it in the video. i double checked again if trust settings were all fine. maybe it is the firewall. i am using eset ( nod32)

anyway i am glad i get a step further now. just the last step and i am set.

thanks

Trade for fun

Have you set Excell Options
Formulas
Calculation Options
Workbook Calculations to Automatic.

M.

Sorry I have been out of the loop guys
but it is boating season so been hard working on the boat and just playing with silver gold trades right now making a little dosh

interesting hedging method, though seems a bit dangerous with the small profits/big losses. Could lead to an ugly equity curve.
lets say you have an open drawdown and you hedge against it, and your hedge goes in the same direction as your open drawdown...i'm assuming you have some sort of emergency % stop? occasionally inverse pairs go in the same direction - so was interested in seeing how you would combat this.

always some coment without reading please do us the courtesy of reading first the threads

this is based on buisness not your normal trading but on buisness model

if one did me the courtesy of reading both threads one might not ask such questions one would have read there own question

from BRIAN

somebody please can to do word document with rules of the system,becouse my english is poor ..... and videos not help me to understand all things
thank you very much....

sales growth equity overdraft facilities (dd using other peoples money)
sales stock turn over factors .

in buisness there is no equity curves forwood test backtest

now i understand only to well equity curves nn networks ga forwood test backtest equity curves but after years of doing all this paper testing
its not worth the paper its printed on SIMPLE AS THAT SORRY TRUTH HURTS

fact only cash in the hand . i ran a large international buisness as a state manager for many many years and only the forex and share trading use such crazy methods and if you understand the plain basics of data in mt4
its not worth the paper its printed on

dont believe me go on another thread put you theorys of bk test equity curves on there plain facts sales growth equity dd turn over factors IS WHAT IM TRYING TO CONVEY ON HERE

how you control them is the difference between a successful trader and a looser

facts not bk test equity curves

do a video show us the proof HOW MUCH YOU MAKE TRADING DEMO OR LIVE

its simple not buisness management im sorry old habits die hard

for me too

this thread is about trading reality sales equity dd control buisness management stock sales turn over factor you can learn it in game mode

read the both threads or move to another thread i dont care

from BRIAN

Hi Brian

I'm still practicing and learning, but I'll post my trades in a few weeks.
Any comments on mu post re: Zero point?

Thanks

Paul

looks interesting, please advise details basis of o ect on your ea

from brian

Hello Brijon,

here is my experience so far. i wanted to ask this actually by skype to brijon,

but i believe it is better to post here. so we may all learn from him.

i started yesterday by opening 3 sells and 3 buys on EURUSD/EURGBP/GBPUSD.

i only traded so far only these 3 pairs to try the grasp of controlling drawdown and equility.

at the beginning i made some mistakes by closing minus orders.

i also attached my statement here that is so far.

today was one point i was actually +200 pips up. my mind say close all and start over.

however i wanted to try if i could manage my balance. so i started thinking what should i do next.

so i opened 2 buys on GBPUSD. to counter my sells on GBPUSD. and this went pretty well. until i made a mistake. i closed them to soon. in my head i was thinking we would get a retrace, but it didn thappen. GBPUSd went further up. EURUSd went further up. and i started to lose control over my trades.

at this point i am still 35 pips up in total. but i started today with +110 pips up. so today i went actually down.

what i learned so far from this experience is that i should not close orders to soon. but how to proceed further? i tried to look at other pairs. but before i try to do all that i first like to understand the basic principles. and like to counter with EURUSD/GBPUSD and EURGBP.

i understand my weakness as well. closing orders to fast. not have a good idea to make the next step after having a few open trades open.

Brijon if you have some time. could you give me a bit of advise how i could gain control again by using only EURUSD/GBPUSd or GBPEUR pairs.

with buys i could at least stop drawdown. but i will not get into profit either. and by the looks of it. it might take some time before the sells become profitable again.

thank you

Hi Brian

I posted here, http://www.forexfactory.com/showthread.php?p=4640054#post4640054, regarding zero point.

EA - I've only got a high level objective of turning the spreadsheet into an EA, because I like the idea of alerts when the zero point is near/hit.
I'm still busy helping Steve on his Nico EA thread (which is here, http://www.forexfactory.com/showthread.php?t=290693 , if you want to have a look-a straight forward strategy that brings in pips), so when I finish this and have a rest I'llwork up some more details on the EA, but it'll be a trigger for manual trading in common with the EA that Steve produced for the 3MW thread, so need to check that EA to make sure we don't reinvent the wheel!

Cheers

Paul

100% profit target for the month is past .eg account sales on 5 k account for the month $6851

equity is currently $10209

drawdown under my limit of 2 k at curent $1640

ill do a video later introducing some new advanced concepts on this account for thinking about

i agree with you it would be better to incorperate some of eXells concepts into eas for mt4

excell is really used by me for what if senerios concepts

the intersting point 0 or zero is used by hugh investment forex dealers as the turning point of taking profits and new trend direction for them based on the three for most currency dealings

so its a handy tool for traders using any system

i certainly will look at steves new ea but at the current time im just too busy having fun with trips and next week late ill be off line for 2 weeks in a health resort having non stop fun no internet he he

my wife is overthe moon on my promise to her

so an exciting developement by one of my friends in gold and silver trading he hit 50% profit in 2 days with his testing his ea

im waiting to see the results over long term as ive found once eas
become popular and start to drain the bank broks target them

ive learnt over the years many great eas work well for a period then bang

so im sceptical old habits die hard i try to keep an open mind

current systems and indicaters all can give great success but its up to the individual and his belief in them

95% of trading is mental attitude is my opinion

unfortunatly that is one thing one hAS TO LEARN HIMSELF

WITHOUT the right belief and mental approach all systems all indicater fail if you dont have that quality

its why i say there is no right or wrong way to trade

if that wasnt so look at the number of people that trade the forex using the best indicaters the best eas the best systems

yet still 95% of forex traders loose money trading the forex

the same number that fail in there first year of running a buisness

if one is serious of trading for a living then its a buisness like any buisness if that makes sense

that is why i introduced game mode to teach one buisness management principles of sales growth equity drawdown control using other peoples money and sales to stock turn over factors

then one can use these methods with any system or indicaters they choose

but i think im fighting a loosing battle old thinking dies hard for me too

thank you Paul i appreciate your fine effort

ill do this video for you later today

god bless from BRIAN

http://www.moneyandmarkets.com/will-the-u-s-default-is-it-really-possible-2-44797?FIELD9=2