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Pit bull trading strategy by brijon

  • #141
  • Nov 12, 2011 2:48pm Nov 12, 2011 2:48pm
Quoting todd960960
Thanks Stumpy. But what I don't understand is when I move to my live platform, I'm suppose to open a new trade for every trade I close. So If my .01 is sitting over on the demo account, then where do I get the two trades from once the indicator currency is in profit. If I just open a trade for .03 or whatever, then I'm still missing a trade to close. Open two trades on the live account?

Uggg the video was easy to understand but trying to explain myself in writing is killing me. lol
The first trade you open in the live account is just that the first trade when you close that one you open a new one and also if another pair goes to the bottom in the demo in profit open that one live now you are trading two pairs live and so on till you have enough money to retire LOL
  • #142
  • Nov 12, 2011 2:49pm Nov 12, 2011 2:49pm
Quoting todd960960
Thanks Stumpy. But what I don't understand is when I move to my live platform, I'm suppose to open a new trade for every trade I close. So If my .01 is sitting over on the demo account, then where do I get the two trades from once the indicator currency is in profit. If I just open a trade for .03 or whatever, then I'm still missing a trade to close. Open two trades on the live account?

Uggg the video was easy to understand but trying to explain myself in writing is killing me. lol
from what i see, and watched everything is done on one platform hence printing money, u close the .1 and open another, u just printed somemoney, then u wait for next .1 to enter into profit then close trade again print money over and over. I dont see how it would work if u demo the basked and trade live seperately, your not printing money that way your just purely using it as an indicator to do stand alone trades!
  • #143
  • Nov 12, 2011 2:51pm Nov 12, 2011 2:51pm
Thanks Stumpy I see now.

Quoting Stumpy1
The first trade you open in the live account is just that the first trade when you close that one you open a new one and also if another pair goes to the bottom in the demo in profit open that one live now you are trading two pairs live and so on till you have enough money to retire LOL
  • #144
  • Nov 12, 2011 2:55pm Nov 12, 2011 2:55pm
That's kinda what I was going to do. Stumpy explained to me how to use both demo and live together, but this way seems like it would work just as well. I do see the point in using the demo though so that the only trades you open are already going to be in profit per the demo indicators at the bottom rows.

Quoting deankenny21
from what i see, and watched everything is done on one platform hence printing money, u close the .1 and open another, u just printed somemoney, then u wait for next .1 to enter into profit then close trade again print money over and over. I dont see how it would work if u demo the basked and trade live seperately, your not printing money that way your just purely using it as an indicator to do stand alone trades!
  • #145
  • Nov 12, 2011 2:58pm Nov 12, 2011 2:58pm
Quoting todd960960
That's kinda what I was going to do. Stumpy explained to me how to use both demo and live together, but this way seems like it would work just as well. I do see the point in using the demo though so that the only trades you open are already going to be in profit per the demo indicators at the bottom rows.
yes but think about it this way.

If you do it all on the one platform, you close your .1 trade originally gone in profit and open a new one, the DD will be balanced even if that trade now goes the other way

Now if u open that 1 trade in a live account after going in profit on demo, then it goes the other way 3 things here
1. you would have negative balance AND it could just keep going
2. you never had a original trade to close so u never printed any money
3. if the trade does go other way, if it all one platform all the other trades would then balance your DD so that that its not really bad.

It needs to be on one platform.
  • #146
  • Nov 12, 2011 3:07pm Nov 12, 2011 3:07pm
Thanks deankenny21, good point.

I'm all about 'printing money' and of course controlling DD.

thx

Quoting deankenny21
yes but think about it this way.

If you do it all on the one platform, you close your .1 trade originally gone in profit and open a new one, the DD will be balanced even if that trade now goes the other way

Now if u open that 1 trade in a live account after going in profit on demo, then it goes the other way 3 things here
1. you would have negative balance AND it could just keep going
2. you never had a original trade to close so u never printed any money
3. if the trade does go other way, if it all one platform all the other trades would then...
  • #147
  • Nov 12, 2011 3:10pm Nov 12, 2011 3:10pm
Quoting todd960960
Thanks deankenny21, good point.

I'm all about 'printing money' and of course controlling DD.

thx
yes exactly and you cant control DD unless you have the basket of trades, thats the whole point of this strategy lol
  • #148
  • Nov 12, 2011 4:27pm Nov 12, 2011 4:27pm
Quoting cadolino
Russ can't attach himself his results of trading for some "funny" reasons ...so i do this....

regards
Cado
Thanks for uploading this information, good on you guys to help out with demo results to show us,

I will demo this method on Monday/Tuesday an get back with result.

Cheers
Garfield
Trading is SIMPLE not EASY.
  • #149
  • Nov 12, 2011 5:23pm Nov 12, 2011 5:23pm
on page i ive put dreamliners precise great pdf file on there as he translates part 2 ect ot other trades we will put the whole story there

now i reconize some old thread destroyers posting here and if they behave themselves as poitive traders i wont block them

so be warned you thread destroyers


NOW ITS TRUE I ADVISE YOU TO TRADE DEMO DEMO DEMO TILL ONE YOU UNDERSTAND THE RISK IN LIVE TRADING


95 % OF TRADERS LOOSE MONEY TRADING THE FOREX

NEVER TRADE MORE THAN YOU ARE PREPARED TO LOOSE


IN MY OPINION THESE ECONOMIC TIMES CONTAIN GREATER RISK

IM ONLY TRADING DEMO NOW


BUT ITS YOUR CHOICE



now dreamliners done a woderful start for us PIT BULL TRADER DUMIES

So he needs to be elevated to the hall of fame

thank you guys for all your positive contributions

if you like to put me onto your buddie list id be a real happy pit bull trader


YOUR HUMBLE SREVANT


GOD BLESS YOU Dreamlier on page one you are in our hall of fame
  • #150
  • Nov 12, 2011 5:32pm Nov 12, 2011 5:32pm
already they have started theIr imitation thread the most infamous of them all has started his paronia imitaTing a new pit bull trader forum

lets see how long the forex manager closes him and his crew down

but at least we get a list of the forum profesion forum member to block
just watch the post on there he he

now this guy is realy insane he needs our help but the problem is he ruins threads for those that wish to share
GOD BLESS FROM BRIAN
  • #151
  • Nov 12, 2011 5:39pm Nov 12, 2011 5:39pm
its amazing is the forex factory management condoning his behavour he HAS done it so many times

i wonder how long the ff alows this group to operate

its a test of ffs own integrity

my opinion from BRIAN
  • #152
  • Nov 12, 2011 7:52pm Nov 12, 2011 7:52pm
That's why I've had that individual on ignore forever now. Everyone should do the same imo.

Quoting brijon
its amazing is the forex factory management condoning his behavour he HAS done it so many times

i wonder how long the ff alows this group to operate

its a test of ffs own integrity

my opinion from BRIAN
  • #153
  • Nov 12, 2011 8:16pm Nov 12, 2011 8:16pm
This is exactly why I asked earlier if the "Indicator Trades" were on demo or live account, and never really got an answer. This is such an amazingly simple question that it could be answered with one word. Either:

DEMO

or

LIVE

Quoting deankenny21
yes exactly and you cant control DD unless you have the basket of trades, thats the whole point of this strategy lol
  • #154
  • Nov 12, 2011 9:00pm Nov 12, 2011 9:00pm
Quoting Dreamliner
Well I can't speak for all the methods here on Forex Factory, and I certainly can't speak for Brijon's method here. He speaks sometimes (I think) about "printing money", so possibly he is making money.

What went wrong last time I attempted to put his material into a cohesive, clear, readable text, is that the disconnect I had with him was extensive and complete. Meaning, I simply could not understand hardly even a sentence he wrote.

Again, I take this to be my fault entirely, not Brijon's. And I'm quite confident that he is thinking "man,...
Guys:

This is what I undertand. Place your trade - the 5 buys and 5 sells pairs with the lowest lot (.01). You may use a script if you want to. From now on this will serve as our indicator to find out the pairs that are winning (and losing) which is the object of our interest. To sort out pairs from those that are making and losing money, click (or double click whichever you prefer) the profit column, this will separate pairs from those in profit and those that are losing. After an hour or so, please observe that profitable pairs keep aligning together at the bottom (as well as those losing ones on top).

What we are interested are the pairs at the bottom that are producing profit. Say for example if EURUSD is running into profit, and after your analysis, it will stay trending that way for sometimes, you may now add a trade in that direction with a higher lot, say .03. Let it run as long as you wish but closely monitoring where price action is going. Playing this exercises in between control your DD and closing pairs to increase your Total Balance is an skill that needs practice. For those pairs that are losing, you may place a counter trade (hedge). Please note that US based brokers hedging is not allowed, unless you have a sub-account. Again your .01 trade pairs will only serve as you indicator. This is my understanding. Brian, please correct me if I am wrong.

God Bless you,

Edd
  • #155
  • Nov 12, 2011 9:07pm Nov 12, 2011 9:07pm
Quoting deankenny21
from what i see, and watched everything is done on one platform hence printing money, u close the .1 and open another, u just printed somemoney, then u wait for next .1 to enter into profit then close trade again print money over and over. I dont see how it would work if u demo the basked and trade live seperately, your not printing money that way your just purely using it as an indicator to do stand alone trades!
Dean now you get bthe pit bull screen is a stand alone indicator and a great one at that how you use it ia up to you as Brian states their is no right or wrong way to trade he has his method he calls it printing money but you can do this or just use the Pitt Bull indicater any way you wish
  • #156
  • Nov 12, 2011 9:16pm Nov 12, 2011 9:16pm
Quoting deankenny21
yes but think about it this way.

If you do it all on the one platform, you close your .1 trade originally gone in profit and open a new one, the DD will be balanced even if that trade now goes the other way

Now if u open that 1 trade in a live account after going in profit on demo, then it goes the other way 3 things here
1. you would have negative balance AND it could just keep going
2. you never had a original trade to close so u never printed any money
3. if the trade does go other way, if it all one platform all the other trades would then...
if the first trade goes the wrong way no problem it will be replaced by another in the bottom slot just open that one eventually you will be in profit
  • #157
  • Nov 12, 2011 9:18pm Nov 12, 2011 9:18pm
Quoting deankenny21
yes exactly and you cant control DD unless you have the basket of trades, thats the whole point of this strategy lol
you get the basket by opening it one trade at a time as they get to profit ie the bottom slot
  • #158
  • Nov 12, 2011 9:21pm Nov 12, 2011 9:21pm
now i advise demo only




Quoting Dreamliner
This is exactly why I asked earlier if the "Indicator Trades" were on demo or live account, and never really got an answer. This is such an amazingly simple question that it could be answered with one word. Either:

DEMO

or

LIVE
  • #159
  • Nov 12, 2011 9:41pm Nov 12, 2011 9:41pm
the 5 buys 5 sells was only a hedge it could be 101s hedge or your own variation i gave you game mode

now one doesnt need a counter trade but the number of sells to buys

eg it could be .05 aud usd .06 euraud

the indicater that you use is only showng you best curency to trade now


i disagree with an ea but say a simple ea of tp on currecys could be an option

the trading is designed for manual trading to learn the system

as the PIT BULL TRADER HAS THE RIGHT VISUAL INFORMATION TO TRADE PERFECT

AN EA CAN NEVER BEAT THE HUMAN MIND ITS STILL THE GREATEST COMPUTER IVE EVERY FOUND

but you guys love eas im not lucky with them myself

ive tested hundreds and hundreds always lost me money in the long run

the system of an eas by nature is a crims best tool

but im no expert

i could be wrong im A PIT BULLTRADER DUMIE

OLD FASHION LIKE THE OLD PIT TRADER

TRADING LIKE THE OLD DAYS

SORRY GUYS IM TOO OLD TO CHANGE MY WAYS NOW

god bless from BRIAN

PS I DEVISED THIS SYSTEM FOR YOU R BRKERS FORCEd ON YOU

USA IS NO LONGER THE LAND OF THE FREE ITS SAD

but i just spoke with dave one of my skype group

he agres there is no basic problem in usa with there 50-1 leverage and the way one can work around the hedging

just that usa is no longer the land of the free

the lobby groups control you guys and the banks

in my opinion

god bless usa

from brian




Quoting Edd Ganuelas
Guys:

This is what I undertand. Place your trade - the 5 buys and 5 sells pairs with the lowest lot (.01). You may use a script if you want to. From now on this will serve as our indicator to find out the pairs that are winning (and losing) which is the object of our interest. To sort out pairs from those that are making and losing money, click (or double click whichever you prefer) the profit column, this will separate pairs from those in profit and those that are losing. After an hour or so, please observe that profitable pairs keep aligning...
  • #160
  • Nov 12, 2011 9:42pm Nov 12, 2011 9:42pm
Quoting Dreamliner
This is exactly why I asked earlier if the "Indicator Trades" were on demo or live account, and never really got an answer. This is such an amazingly simple question that it could be answered with one word. Either:
DEMO
or
LIVE
I think there is a misunderstanding here.

Brian currently advocates that no live trading should be done at all at the moment (whatever system you use) due to the current global financial situation and that people should only use demo accounts in the meantime for practicing their chosen strategies.

In the case of the pit bull trading system outlined here, both the indicator trades and any add on & replacement trades need to be on the same account. This may be your live account, if you wish to risk it, or a demo account if you're just practicing.

The system will not work correctly if you use two separate accounts (one for indicator trades and one for the others you add) because you need to also control the DD within the single account and both indicator and add on trades cumulatively affect your overall DD or profits.

If you place your add on trades on their own account and the trend changes you will struggle to keep the DD under control. The other indicator trades are required to help offset the DD as current trends change.

Regards, Paul.
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