Brijons advanced traders multi-currency strategies

it is specialy valuable when its high interest currency , the tequnic as PAUL mentioned is often used by top share traders a very valuable additional tip

great thank you PAUL

Is anyone using any sort of trade management to close profitable trades?

I've been wondering if there is any value in partially closing trades as the profit pips increase...

e.g.
10 pips up, close 50%, move SL to BE
20 pips up, close further 25%, move SL to BE+10
30 pips up, close remaining lots (or leave a bit on)

or whatever values suit the pair being traded, these figures are just for example.

Regards, Paul.

hi Brijon,

all i can say is that Paul is doing excellent work. unfortunate market is down. so cant yet completey be sure if everything is correct. but it looks like Paul tackled the GMT problem, which i think is the most difficult of all.

how good you are in trading, Paul is in coding. really excellent work.

Groningen is province as well as a city. do you mean your father lived in the city groningen or the province? Gronigen it is at the top part of Netherlands. i live in south. near Rotterdam. so it is a bit far away. but sometimes i go to Groningen to visit some friends. the city is very nice place. it aint to big of a city and if you want out. in about 20 mins your out of the city and can enjoy nature. also your very close to german border. it is easy to jump across.

about Pauls indicator.

i need to wait for sunday market opening.
need to check if excell numbers are correct with the indicator to test it and make sure it works, then if Paul is fine by it. we can add the indicator in here.

my code for the Daily open and close is finished. now trying to add it in the Pauls indicator.

i remember there was 1 more thing you wanted to be added. i am going to check the video again.

Thanks and hopefully everybody has a nice weekend

Trade4fun

grandfather was from capital city of gronigen , unusual dutch family name Bakkello all of his relatives are now in australia i think

nice to here paul and you are working together in doing the iperfect hedge dashboard ,

one day i hope to go to gronigen , its on my list to do maybe next year

thanks to both of you we look forwood to seeing the next update

from BRIAN

LOCKING IN PART PROFITS is a great method , im glad you reminded me ,
its good to have s system that locks in partial profits , i havnt done that for years , but i thouroughly recomend it as a very very good method
for traders to look at

from BRIAN

hi Brijon,

that is indeed a very strange dutch name. i never heard of it before. if you visit the netherlands, let me know and i can be your tourguide. just let me know which places you like to visit. or if you like to see anything in particular and i can look it up , check for openingtimes etc.

also i am busy now adding from excell

the average current prices, average friday close and the difference in pips of that.

however i need to wait for sunday market opening if everything is correct.

best wishes

Trade4fun

I ANSWERED RE YOUR GREAT SCREEN SNAPSHOTOF OUR PERFECT HEDGE DASHBOARD AND THE PROBLEMS WITH BROKERS DATA FEED

I HOPE YOU RECIEVE THE EMAIL BUT GREAT EFFORT GUYS



ALSO THE RELABILITY OR SHOULD I SAY UNREALIBILTY OF BROKERS DATA FEED CAUSING HUGH PROBLEMS WITH EAS and indicaters and the differences in demo and live feeds ect IS CLEARLY SHOWN

NEVER THE LESS BASIC INFORMATION CAN BE USED TO ENABLE TRADING DECISION S

the one thing is clear using limit orders bosuns lines hh ll of the 48square and position average trading can help overcome these problems both live and demo AND PROFIT LOSS PROFIT CYCLE

one thing is clear the use of positive swap interest currencys

and trading there interest positive making sure you have on the total of multitrading trades showing greater positive interest on total account

ensues you are trading the strongest currency producing positive swap rates eg audusd long or short eureuraud as an example of trading swap interestest to enable you to keep dd for your account swap interst positive

this means overtime you are earning money on interst on your dd currencys total

like money in a bank


for the wise trader this can mean a hugh difference to your account over time that the 12 month interest can negate the dd over time

but that is another subject to discuss in our advanced buisness trading method

to give you an idea i showed the interest rate on GBPAUD was very high on shorts

even though the dd went to nearly 3000 during a five month period

after 5 months it returned to profit of swap interest of 2500 and a profit on the trade of 10 dollars .

it maintained a positive swap interst at all times on the multicurrency account AND A FINAL PROFIT OF 2510

this was shown on a video i posted but the significance of maintAINing trADES TO RETURN SWAP INTERST POSITIVE TO THE ACCOUNTS MAY HAVE BEEN LOST TO MANY

SO BY ENSURING YOUR TRADES ON THE WHOLE ARE SWAP INTEReST PROFIT CAN SHOW ON MULTICURRENCY TRADING

THE OVERALL BALANCE OF TRADES TOTAL IS TRADING STRONGER ECONOMYS WITH MORE POSITIONS higher intersest paying currencys

EG MIGHT BE 2 LOTS ON AUDUSD BUT ONLY .O5 LOTS ON ANEGATIVE SWAPINTERST CURRENCY


SO YOU MAINTAIN A STRONGER BIAS TRADING TO HIGHER SWAP INTERST CURRENCYS


A SUBJECT THAT REQUIRES THOUGH ENABLING YOU TO INCREASE YOUR OVER HIT RATE OVER TIME USING SWAP INTERST

this is just a brief explanation but can help you enjoy trading with lot less stress

FROM BRIAN

this may help the ea price differences a bit than yesterdays close to now price as differences in demo feeds and live feeds in now prices are very very different as you see in the brkers live and demos and different brokers

this may help using only 15 minutes after the opening and utalizinig the opening price against the close price as now price is so different between brkers

which of course is well known due to feed manipulation and change over times


this would aleiviate the eas discrepancys between brks a bit

its a problem all eas and indicaters face on mt4

this is also shown on iqfeed on barklays tulleys ect

so maybe using open price say 15 min after opening gmt will alleviate now price differences

from brian

One small step toward Executive Order 6102 part 2, and one giant leap for corruptcongressmankind. "We wanted to make you aware of some upcoming changes to FOREX.com’s product offering. As a result of the Dodd-Frank Act enacted by US Congress, a new regulation prohibiting US residents from trading over the counter precious metals, including gold and silver, will go into effect on Friday, July 15, 2011. In conjunction with this new regulation, FOREX.com must discontinue metals trading for US residents on Friday, July 15, 2011 at the close of trading at 5pm ET. As a result, all open metals positions must be closed by July 15, 2011 at 5pm ET. We encourage you to wind down your trading activity in these products over the next month in anticipation of the new rule, as any open XAU or XAG positions that remain open prior to July 15, 2011 at approximately 5:00 pm ET will be automatically liquidated

from http://www.zerohedge.com/

Brian,

Do I understand this correctly then?

For Friday Open price it should use the most recent Friday 20:00 GMT hourly candle Open price.

For today's Open price (yesterday's Close in effect) it should use the most recent 00:15 GMT 15 minute candle Open price.

When I say GMT, these are calculated using a server GMT offset number of hours before deciding which bars to use from your actual data.

Also, there was a question re: spread values for some pairs which are hard coded into the excel file. Do you think those are relevant or should it use the current 'dynamic' spread values for it's calculations. I'm not sure on this one since the spreads can vary a lot between brokers and also the time of day on a single broker.

Regards, Paul.

the excell developement used the now price due to an easier programing method then, the concept of the 15 minutes after the opening price compared to yesterdays close price i used for the daily trend on mt4

the time of 15 minutes is not exactly important but in many old programs it ranged between 15 minutes and twenty minutes from the open price
eg logical trader and others

the point is this gives a settling down time after the open

this is time is used for the daily trend of the currency.

as this time after the open may help the difference in various brokers data feed times than the now price

as it will be in many cases irespective of brkers a past price
using say 15 minutes after the open price

the problem is the difference of brkers opening prices as you know gmt
time or +1 ect so always we will have problems the only way i can see is an alowance to input the brkers time for non gmt times for all users
i cant see any way around this problem of todays opening price or now price to suit all brokers

but the principle of 15 minutes after the opening price should enable the true trend for 85% of brkers to be exact as this price difference
of comparing prices is finding today or nows price trend of the brker

there is no holy grail except maybe tuning the price to the brkers opening price with a time alowance that can be inputed by users eg gmt plus one ect

the idea of a 15 or 20 minute candle would be adaquate in programing

as the spike in data feed and duifferent change over times of supply by brkers will always cause i problems between brks with out a specall nn program to overcome this very difficult as you know ,

we can only use and ajust to past reference for some attempt to give simular reading of all brkers

therefore as you have corectly pointed out in your screensnapshots
go trader using now prices between demo and live give a closer result
than others

as go trader uses an average of multifeeds its cross over data times are more smooth , its feed is more consistant but stlll can be manipulated in micro turn offs , some ecn brkers are using these multifeed averaging

THERE FORE IT MIGHT HELP USING AFTER GMT TIME SAY 15 MIN
AND AN OPTION TO TIE IN GMT PLUS OR MINUS OPTION

UNFORTUNATLY there is no real way indicaters or eas on each brok
will respond the same at all times of the forex

but our attempt for this exersize is to try to use price now against the trend . so if the trend on a past reference is long and the now price
is higher the trend for that brk is long

so a past reference may be more relavent than now


the corner right kb rate of mt4 shows this clearly in manipulation times of data on individual brks

so at any point in time comparison of spreads prices indicaters between bks can vary quite considerable

ive found watching individul kb rates at times of entry is a clue for data cross overs or the tick sep volume indicater

ok my crude explantation to try and explain the overall problem

the posible best sloution we can achieve is use a reference point away from now price to try and tie in closer for both demo annd live
and different bks without the difficulties of nn programing and hugh
networks ect

so that is the reason i sujested 15 minutes after the opening , your idea of using a candle is great

unfortunatly we will always have this problem maybe sujesting a brker like go traders for smoother data feeds but this will always be a prblem
foreas and ea auto programs in my opinion

all indicaters are just that an indication , to base your decision on

the natural cycle of loss profit loss helps over time to corect the irregularities of the mt4 data feeds eCT

i therefore recoment a past time to be used than now , it seems in my mind our best option we will have be satified we attempted to give the best under the circumstances for most data feeds as we can

i think you and trader4fun will do a great job we are very lucky i think to have such grreat talants working together as a team

your sujestion of a 15 min candle is i think the best option under difficult circumstances

from BRIAN

hope these simplify my long winded answer above
PAUL ive added you to my skype buzz me direct ill try and answer any problems i can

http://www.youtube.com/watch?v=dDOCjgGdMdA&feature=relmfu

Attachment hi Brijon,

here is the update of my EA, which will hopefully soon be replaced by Pauls excellent work.

This EA has the new numbers in it as well updated with Daily arrow in it now as well. so you need to remove the old 1 and replace with this 1.

i just tested Paul his indicator and as far as i can see it. his GMT code works.
however i spotted a small bug, which hopefully be fixed soon.

in the meantime you can use this 1. until Pauls version is ready, then my version becomes obsolete. and we use Pauls his version from now on forward.

i am going to take some sleep.

best wishes and happy trading everyone

Trade4fun

Hey GMT Time check Code can be found in this EA thread. Ichimoku Kinko Hyo EA v1.1 -- http://www.forexfactory.com/showthread.php?t=299439



See how it says Your Local Hour:23 and shows the time in the lower right. Lets you know you have your GMT offset correct. In the EA code its at the bottom called.

//+------------------------------------------------------------------+
//| function gmtTime: returns time or the day in GMT time |
//+------------------------------------------------------------------+

http://www.youtube.com/watch?v=Fg0g8Fa1IKo

Thanks Minnelli although I think I've got it sorted now.

I had a quick look at the code. If you use the EA, the local time is simply displaying your local time and does not appear to be taking into account the GMT offset so you could still have entered it wrongly. You must note the GMT day and hour to ensure you have it set correctly.

Regards, Paul.

apart from zero identification for ideal hedge entrys one can trade the daily trend of each currency at a glance on this great dashboard

the daily pricetrend will HELP increase by trading the trend your hit rate

considerable

and knowing the weekly trend identified one can
quickly go down to there time frame and trade the real trends direction

and have the added advantage of a warning of zero a trend change is due

both paul and trade4fun have taken from excell and made a mt4
dashboard that focuses for you key areas of trend to help you make
a better trading decision based on the price now

just using todays trend your hit rate will increase dramaticaly in my opinion

one trader said just this alone trading this day trend raises his hit rate 85%

hugh numbers in anyones trading

the circle of loss profit loss trading the trend direction entering at the lowest low forlong highest high for shorts

using bosun lines and position averages and

following high interst currencys that pay you great swap interst can result in unbelievable high returns on your investment

this has been my experience as well, but traders can use this great dashboard for improving there scalping trading their own methods im sure there hit rates will improve unbelievabe too

there is no right or wrong way to trade

my greatest gratitude to Forex4 fun and Paul

by giving i know they have gained 1000x more than they gave

god bless from BRIAN

Hi Brijon,

just to let you know,

my code does not have the GMT code inside yet. it based on alphari Uk time. so if you use a live broker that is different then your broker from demo. you will get slight different numbers.

that is why it is important that Paul fixes the GMT code. that way it should not matter anymore which GMT zone you are in.

thank you

Trade4fun

http://www.youtube.com/watch?v=mrY7YnKYS98