Brijons advanced traders multi-currency strategies | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

building multi-pair multi-timeframe scanner 48 replies

Multi timeframe multi chart 13 replies

Multi-Lot Multi-Timeframe Position trading 1,477 replies

Trade Multi ECN accounts on Multi Brokers ? 1 reply

Attachments: Brijons advanced traders multi-currency strategies
Exit Attachments

Brijons advanced traders multi-currency strategies

  • #141
  • May 25, 2011 11:25pm May 25, 2011 11:25pm
Quoting brijon
100% profit target for the month is past .eg account sales on 5 k account for the month...
Hi Brian

2 weeks with no internet, how can that be healthy? Enjoy!

50% profit in 2 days

A couple of months ago I finished reading Psycho-Cybernetics, by Maxwell Maltz, I think you mentioned this in the 3MW thread, excellent for the mental side.

I'll keep working and keep you posted. On threes 6 pairs I'm opening and adding positions manually (via the basket trend and checking the charts), but using Steve's MPTM to close the basket at 2% profit and this is taking from a few hours to a day to hit the target, depending on how much time I have to watch the charts. I'm pretty happy with this, but need to keep at it, however I would prefer 50% in two days, but boom and bust??!!

Thanks

Paul
  • #142
  • May 26, 2011 12:23am May 26, 2011 12:23am
http://www.youtube.com/watch?v=Xm_Odcm59dk
  • #143
  • May 26, 2011 12:54am May 26, 2011 12:54am
thank you for your question demo mode have fun dont panic
its always good to take profit in the three hedge close all when you are in profit AT zero

and re enter hedge is one great method total =200 dont be gready is one lesson

now 2nd learning to manage drawdown leave hedge plus 200 look is it close to tripple swap time the major 8 tend to run up price , think

so what is a high interst currency with ll price AND POSITION OF bosuns line

chart indicaters , you could have put on limit orders not physical based on there lowest low hh

or put on supporting trades based on indicaters as my game mode

remember stock circle your hedge of 6

learning dd control means one doesnt panic the hedge is a circle if you enter it at zero dd is controlled under 5 %

sales as per game mode or easy way limit orders of the 6 and say audusd buys or euraud sells high interest

limit orders of your 6 plus some high interst paying swaps

you are then in controll loss profit loss

drawdown control is a skill one learns from mistake in game mode demo

i hope this helps watch my last video

remember dd sales require patience stick to fixed routines that work for you learn from your mistakes we all make mistakes including me

thats how i learnt im lucky i make loads of mistakes too thats how i learn

i hope this explanation sets you thinking and helps

from BRIAN

THANK YOU FOR YOUR EXCELLENT POST



Quoting trade4fun
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...
  • #144
  • May 26, 2011 4:49am May 26, 2011 4:49am
leaving the 6 hege on and testing yourself the boundrys of max profit max loss and equal zero is a great way to learn these currencys hedge range max profit max loss

the learning of the profitloss colum is a great way to understand the overall trend and adding stock for sales watching the trend

this use of the total profit loss colum and watching in game mode is a great way to learn and gain experience

this cant be taught only through actual doing it watching and thinking in terms of your own buisness is the best way practice practice in game mode

watch bottom line of profit loss colum more positions on following trend

waiting to dd moves up buy more of new trend ect ect

from brian
  • #145
  • May 26, 2011 7:40am May 26, 2011 7:40am
hi Brijon,

thank you very much for your answers.

at the moment i am now down -320 pips. demo account so no worries.

trying to understand what you are writing.

about high intrest rate pairs. how do you find out what high interst pairs are?

you mention AUDUSD EURAUD. how come those pairs have such a high interst rate?

i didnt open up any trade looking at your indicators to be honest. i see that as the next step. first i like to understand the control of drawdown/ equility concept. based purely on the 3 hedge pairs.

once i understand that. i go to indicators. once i understand that i go to limited and pending orders.

i opened today a hedge again on the same account. and actually made some again on the hedge. also used the hedge as an indicator to open buys or sells on it. and that worked great too. made a total of 28 pips in total of it.

only problem is the sells of the last 2 days are killing me when chart keep up rising. and i dont see a way at the moment to stop this.

i was thinking opening more buys, the major problem is that eventually those buys could get down too if sells become suddenly strong again. i will always run after the facts. i need to be 1 step ahead.

i will keep trades going until end of this week. then start next week over with what i learned this week and see if i can improve my trading.

thanks again for your time and effort!
  • #146
  • May 26, 2011 7:51am May 26, 2011 7:51am
Thanks Brian,

Very inspiring to see the account doubled in a matter of a few weeks, nice work!

Hope you're OK next week without your internet connection - I don't think I'd cope...

Regards, Paul.
  • #147
  • May 26, 2011 12:09pm May 26, 2011 12:09pm
Hi Brian, thank u for sharing your excellent strategy. Your a great man, God bless u. I am still trying to totally grasp your concept, as i think it requires alot of patience. By the way, here is a simple indicator that shows the swap raates paid by your given broker. I think it will help those who dont know where to find this info. Anyways enjoy your trip and have fun. Hope to lean more from u.
Attached File(s)
File Type: mq4 Show_Swap_v2.mq4   4 KB | 326 downloads
  • #148
  • May 26, 2011 11:13pm May 26, 2011 11:13pm
ive just finished my last video in this series which also shows how to find the interest on your mt4
i finished at over 7 thousand up for one month trading a 5 k account
dd under 1k

now ive just started testing on the same account an ea that gained for a friend 100% in 2 days trading

although im not a fan of eas as many start out super and usualy loose money over time in my experience i will test this one thouragly both demo and live as it can be run in semiauto mode and its basis looks in tune
with my market approach to dd control

time will tell so ill keep you all informed after initial trial period

from BRIAN



Quoting Hodgires
Hi Brian, thank u for sharing your excellent strategy. Your a great man, God bless u. I am still trying to totally grasp your concept, as i think it requires alot of patience. By the way, here is a simple indicator that shows the swap raates paid by your given broker. I think it will help those who dont know where to find this info. Anyways enjoy your trip and have fun. Hope to lean more from u.
  • #149
  • May 26, 2011 11:16pm May 26, 2011 11:16pm
http://www.youtube.com/watch?v=U1gKL2y-JH4
  • #150
  • May 26, 2011 11:50pm May 26, 2011 11:50pm
AS there seems simple methods are more popular on the ff ,like fast food
maybe this ea will prove to suit many but my experience with

quick fast easy ways such as eas in the end cost lots of money and grief
to the in experienced traders

95% of traders losse money trading the forex

so many threads on the forex factory , even julius old heging that showed hugh profits hedging multicurrencys , unfortunatly many traders loose money trading the forex

without money management as buisness management skills

the easiest systems or indicaters for many young traders

will produce only long term losses in real live trading in my opinion

sad to say also 95% is the traders personal mental approach

greed lack of patience is the one quality that one needs to learn first

NEVER INVEST IN THE MARKET MORE THAN YOU ARE PREPARED TO LOOSE

trade only the smallest lot size your account alows you while you learn

have patience allow the trade to go from profit to loss to profit

completing the natural cycle of the market

if you havent been greedy and lacked the discipline or patentience

the gold mine of profit is one step from failure as a trader in my opinion

i want you to win nothing more nothing less

REMEMBER BY SHARING WE GAIN 1000X MORE THAN WE GAVE

GOD BLESS FROM BRIAN
  • #151
  • May 27, 2011 12:25am May 27, 2011 12:25am
Quoting brijon
AS there seems simple methods are more popular on the ff ,like fast food
maybe this ea will prove to suit many but my experience with
Hi Brian

I can help testing the EA on my VPS if you want.

Thanks

Paul
  • #152
  • May 27, 2011 12:29am May 27, 2011 12:29am
PAUL

RE TESTING or email me ill give you the site

i dont want to endorse any product here

ps its an old company i have liscences after trial period valid
like many old eas i tested in the past without long term success

but this may have some value

but for testing email me

FROM brian
  • #153
  • May 27, 2011 12:38am May 27, 2011 12:38am
Quoting brijon
PAUL

RE TESTING or email me ill give you the site

i dont want to endorse any product here

but for testing email me

FROM brian
Hi Brian

I've sent you a mail via FF.

Thanks

Paul
  • #154
  • May 27, 2011 2:34am May 27, 2011 2:34am
results of my mate were done in semi auto mode i think using some of my manual methods here is his statement

from brian
Attached Image (click to enlarge)
Click to Enlarge Name: print r statement.png Size: 201 KB
  • #155
  • May 27, 2011 2:57am May 27, 2011 2:57am
Brian, thanks for your patience and willingness to show us what you know. It's very generous of you. You have given so much and it's obvious you love to teach. You remind me of Graeme and NanningBob. Thank you.

You said the offline basket is an average of the 14 currency prices and can be used to trade the full basket in one direction or use the hedge as a shield and and use the trend to enter trades and take profits along the way.

What does the offline hedge show us?
  • #156
  • May 27, 2011 4:49am May 27, 2011 4:49am
OFFLINE HEDGE IS AVERAGE PRICE OF THE THREE EG GBPUSD EURUSD AND EURGBP

so these show the average price trend of the three currencys above

offline basket is the weighted price average of the 14 currencys
so it tells the trend average of the 14

both as a single indicater as per screen snap shot

in the old days one used the fib 50 as an entry on the eurjpy as an entry point for either buys or sells of the basket of currencys

the offline charts are little more accurate for that purpose

in my opinion

from BRIAN
Attached Image(s) (click to enlarge)
Click to Enlarge Name: OFFLINE HEDGE.png Size: 171 KB
Click to Enlarge Name: OFFLINE BASKET SCREEN.png Size: 172 KB
  • #157
  • May 27, 2011 4:54am May 27, 2011 4:54am
Have fun , from brian

Quoting batemap
hi brian

i've sent you a mail via ff.

Thanks

paul
  • #158
  • May 27, 2011 5:23am May 27, 2011 5:23am
"OFFLINE HEDGE IS AVERAGE PRICE OF THE THREE EG GBPUSD EURUSD AND EURGBP "

Brian
Isn't the offline hedge the same as just trading GU
Look at pics 1 is hedge 1 is GU 1 hr TF
hedge pic is a little smother but pretty much the same
Attached Image(s) (click to enlarge)
Click to Enlarge Name: h.gif Size: 8 KB
Click to Enlarge Name: g.gif Size: 9 KB
  • #159
  • May 27, 2011 6:59am May 27, 2011 6:59am
Hi dryclean, i think the offline chart generally shows the strongest pair in the 3 hedge pairs, that is why it is weighted.So i think in your previous post, the gbpusd was strongest at that given time, if eurusd was strongest, the chart pattern would have looked just like eurusd. I beleive the eurgbp is neutral, so the offline chart never take on its pattern. So it might be a good idea to always trade in the direction of the strongest pair, because eventually it will pull the other 2 in its direction,and ultimatley end up at zero
  • #160
  • May 27, 2011 8:47am May 27, 2011 8:47am
you were 100% right in your answer
thank you
from brian

Quoting Hodgires
Hi dryclean, i think the offline chart generally shows the strongest pair in the 3 hedge pairs, that is why it is weighted.So i think in your previous post, the gbpusd was strongest at that given time, if eurusd was strongest, the chart pattern would have looked just like eurusd. I beleive the eurgbp is neutral, so the offline chart never take on its pattern. So it might be a good idea to always trade in the direction of the strongest pair, because eventually it will pull the other 2 in its direction,and ultimatley end up at zero
0 traders viewing now