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Attachments: PTT Method (Profitable Trend Trading) in Forex
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PTT Method (Profitable Trend Trading) in Forex

  • #361
  • Sep 29, 2011 9:09am Sep 29, 2011 9:09am
Hi Guys

I've read through the thread and I like it ! I'm currently watching 17 pairs and have seven orders waiting. I would love to hear about your results, you know things like how many times has your 30pip stop been hit in a row, average pip gains etc.....
I wonder where KelvinM has gone. The only thing I have added to help me with exits ( i'll still use the stoploss moving method) is to add a 10 ema and I'll exit when a bar closes on the other side of it. It doesn't matter if price spike through and retraces, only if it closes on the otherside. I think the stoploss would normally have taken me out of the trade by then, but its just a backup.
  • #362
  • Sep 29, 2011 9:10am Sep 29, 2011 9:10am
...not a classic Kelvin but i like the channel it's in and the rejection of the MA and upper channel line. I know it won't be for everyone, but for me it's worth a punt short, from the 27th Sept IB (Oanda), to test the lower line of the channel as a 1st target zone.
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  • #363
  • Edited 11:33am Sep 29, 2011 11:19am | Edited 11:33am
Quoting simmo24
Hi Guys

I've read through the thread and I like it ! I'm currently watching 17 pairs and have seven orders waiting. I would love to hear about your results, you know things like how many times has your 30pip stop been hit in a row, average pip gains etc.....
I wonder where KelvinM has gone. The only thing I have added to help me with exits ( i'll still use the stoploss moving method) is to add a 10 ema and I'll exit when a bar closes on the other side of it. It doesn't matter if price spike through and retraces, only if it closes on the otherside....
i've only been forward testing since 6th Sept (across 16 pairs):

Win Rate: 52%
Consec W = 4
Consec L = 5
Largest W = 300 pips
Largest L = 70 pips (order error!), usually max 34 pip stop.
G/L = 12.5%

I don't use the Kelvin exit of trailing behind daily highs/lows, as i'm looking for shorter term moves (+300 pips) and use the 15min to look out for the more significant reversals that might develop against the trade.
  • #364
  • Sep 29, 2011 11:40am Sep 29, 2011 11:40am
Quoting sidefx
i've only been forward testing since 6th Sept (across 16 pairs):

Win Rate: 52%
Consec W = 4
Consec L = 5
Largest W = 300 pips
Largest L = 70 pips (order error!), usually max 34 pip stop.
G/L = 12.5%

I don't use the Kelvin exit of trailing behind daily highs/lows, as i'm looking for shorter term moves (+300 pips) and use the 15min to look out for the more significant reversals that might develop against the trade.
So what type of exit strategy are you using now.
  • #365
  • Sep 29, 2011 12:59pm Sep 29, 2011 12:59pm
Quoting sidefx
...not a classic Kelvin but i like the channel it's in and the rejection of the MA and upper channel line. I know it won't be for everyone, but for me it's worth a punt short, from the 27th Sept IB (Oanda), to test the lower line of the channel as a 1st target zone.

Yes, to me this appears to be a definite trend channel.. We also have the text book definition of trend visible which is lower highs and lower lows so I can see why shorts look good here even though the 50ema isn't really sloping down too much. You will either get in very early on a nice down trend or it will keep ranging sideways. All should be clear soon enough. The 27th daily bar is an inside bar on Oanda so a limit sell would be well worth a punt on the break of that.
  • #366
  • Sep 29, 2011 1:10pm Sep 29, 2011 1:10pm
Quoting spyderman
I've got a stop in on the G/J...actually my 2nd order after being stopped out on my first last evening.

I'm just not seeing that trend in the G/U though :nerd:

If you zoom out a bit GU is definitely in a down trend but I think I know what you mean, the retracement over the last week has been too much and maybe its the beginning of an up trend. Technicially it is below the 50ema and we dont have higher highs and higher lows yet so I would still say the down trend is intact. It may be the way Oanda is printing on my chart though.


  • #367
  • Sep 29, 2011 1:29pm Sep 29, 2011 1:29pm
Quoting spyderman
So what type of exit strategy are you using now.
As a trade progresses I use the 15min to look out for reversals (typically 123s), but not just any old reversal. If i see a reversal forming at a strong demand/supply level, regardless of pip count at that stage, i'll move the stoploss to 10 pips above /below the 123 pattern. I'd say the screentime I have provides me with the edge i need to do well with this strat, the risk mngt is sorted; not giving too much back on a winner is what makes the difference imho. Hope this makes sense....had a few beers!
  • #368
  • Sep 30, 2011 1:38am Sep 30, 2011 1:38am
PTT started on 8/29
starting bal: $400
ending bal: $500
ROI for month: 25%

Win Rate: 18 won/47 closed = 38% (not so high as sidefx)
Consec W = 8
Consec L = 3
Largest W = 325 pips
Largest L = 50 pips (from now on i'll use set 30 pips)

I do use Kelving's jumping 1-bar stops, but most often close all when open float is at 10% accnt gain. I think to be true to trend following we should only take with the trend trades (agrees with ema) and we should almost always be in the market(never know when price will take off).. buy when price is rising, sell when it is falling. This is my first go at some live, manual trading so I hope I can stay with it and make some profit.. I am so glad I 'discovered' trend following and PTT. (actually I think I've been learning parts of PTT always, but the low win%, non-flashy style, not complicated enough strategy never made it to the list in lieu of all the many double-your-accnt-in-a-week, super martingale/progression ea's or hyper scalpers.)
  • #369
  • Sep 30, 2011 2:34am Sep 30, 2011 2:34am
I've moved my stop to Break Even. How do the rest of you handle this ? It's only because I've gone and looked at the trade before the Daily bar has closed.
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  • #370
  • Sep 30, 2011 4:53am Sep 30, 2011 4:53am
morning traders hope your all making pips, hi Alto good to hear off you , nice to see your keeping records it does help long term and (should) you lose you'll have a history to look over. happy trading happy days
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #371
  • Sep 30, 2011 5:21am Sep 30, 2011 5:21am
Hi Alto

great results!

What risk percentage do you use per trade?

thx

PC

Quoting alto
PTT started on 8/29
starting bal: $400
ending bal: $500
ROI for month: 25%

Win Rate: 18 won/47 closed = 38% (not so high as sidefx)
Consec W = 8
Consec L = 3
Largest W = 325 pips
Largest L = 50 pips (from now on i'll use set 30 pips)

I do use Kelving's jumping 1-bar stops, but most often close all when open float is at 10% accnt gain. I think to be true to trend following we should only take with the trend trades (agrees with ema) and we should almost always be in the market(never know when price will take off).. buy when price is rising, sell...
Less is more...
  • #372
  • Edited 9:46pm Sep 30, 2011 2:10pm | Edited 9:46pm
Morning all,

billy, thanks for the nice words.

pipcruiser, I use a set .01 lotsize to trade. (on mbt it's actually .1 lots, but still means 1 micro or 10k lot) I didn't realize how much the different pairs are worth different amounts.(i mean the pip values) I guess I never paid attention since I used mostly EAs and only looked at ROI, max float, etc. So, on my $400 account and using either a 30 or 50 SL, this comes to 1-2.5% per trade. I will be using only a 30 pip SL from now on, no matter what pair.
  • #373
  • Oct 1, 2011 5:37am Oct 1, 2011 5:37am
Well I'm quite pleased with my first few days trading this system.
My Usd/Cad trade was closed out for +107 pips.
Gbp/Usd = -30
Eur/Usd = -30
Back in on E/U presently at = +20
Eur/Gbp so far @ = +78
Usd/Chf so far @ = +59
Eur/Jpy so far @ = =30

I did think of closing all my trades out on Friday, but decided to let them run and see how the system coped. I think I'll move the stops to BE on the E/G & U/C trades on Monday.
  • #374
  • Oct 1, 2011 4:35pm Oct 1, 2011 4:35pm
congrats simmo24

hope those trades continue to produce pips for u.
  • #375
  • Oct 1, 2011 5:49pm Oct 1, 2011 5:49pm
Quoting simmo24
I've moved my stop to Break Even. How do the rest of you handle this ? It's only because I've gone and looked at the trade before the Daily bar has closed.
Hi simmo

could u tell me what moving averages you have on your screen shot please...many thanks
  • #376
  • Oct 1, 2011 6:04pm Oct 1, 2011 6:04pm
Quoting maccanz
Hi simmo

could u tell me what moving averages you have on your screen shot please...many thanks
The yellow is the one KelvinM told us to use in post one, the 50Ema.
The blue is a 21 simple MA which i use to determine the trend, if the 21 ma is flat I won't trade. The red is a 10ema which I'll use to exit the trade if the jumping stop method hasn't already taken me out.
  • #377
  • Oct 2, 2011 10:33pm Oct 2, 2011 10:33pm
I am wondering if this system is working so well because of the system itself or because all the markets are dropping due to the fundamentals of what is going on at the moment.

Im testing this with a 1% risk per trade on a small account and in the last week my account is up 6%. I would normally use 2% risk but I thought if this style has 7 losses and 2or3 wins for every 10 trades, at 2% a trade you could very quickly see over 10% loss of your account before you had profit..eeek!
  • #378
  • Oct 3, 2011 1:39pm Oct 3, 2011 1:39pm
Hi All
Current trades are doing well.
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  • #379
  • Oct 4, 2011 3:03am Oct 4, 2011 3:03am
Hi all,

Alseobang, I was just going to post about the DD/max floating loss that I get on my accnt. While the actual DD i usually see is about -8%, the float is approx. -10.5%. In fact, I reset my global variable after each series of trades that gives me a good 10-20% gain, and it's kinda eerie that the numbers right now are exactly the same as what I saw on my first run with PTT..
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  • #380
  • Oct 5, 2011 3:19am Oct 5, 2011 3:19am
Quoting alto
Hi all,

Alseobang, I was just going to post about the DD/max floating loss that I get on my accnt. While the actual DD i usually see is about -8%, the float is approx. -10.5%. In fact, I reset my global variable after each series of trades that gives me a good 10-20% gain, and it's kinda eerie that the numbers right now are exactly the same as what I saw on my first run with PTT..
Interesting. Which broker are you using right now? Im not sure if I can do that with my Oanda.

I had a good run last week but so far this week there haven't been any good daily insides. I wondered if you considered using the same risk management but extended the entries to breaks of pin bars as well?
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