Pit bull trading strategy by brijon

Cool. Then you know what I'm saying and you've been through the pain already. Take care.

First and foremost I wanna thank brijon and dreamliner. Although it is hard to understand brijon, dreamliner has done a lot of work trying to decipher the information. I truly appreciate the knowledge that you guys are sharing and I thought it prudent to try and share back some information i may have gleaned.

Brijon has given me a new way of looking at the markets and I am truly appreciative this. It might help me turn the corner of trading and it may not, but it has opened my eyes to a particular view.

As I see it, the 10 pair trading system is a good PA way of trading. I understand that we are to manage drawdown and I am trying to how do so. I remember in one of his videos he mentioned something about when the DD gets high, you might want to start buying interest bearing currencies ie. take positions that give you a positive swap to help reduce the DD.

aside from this, I too have come up with my own observation. One that came to mind is why not trade the direction of the highest loser as well. So if we took the highest profit and the highest drawdown, it might help in some way to balance out DD, just my observation.

I started thinking a little bit more and took the DD thing one step further. Why would one need 10 pairs? This system could easily work with 3, or 2 or why not even 1?

Why not just take 1 pair, with a low spread and do the exact same thing? For example:

Take a trade long EUR, if it goes into profit, then fine. If not, enter a position in the opposite direction with a slightly higher lot size. Now I know a lot of people are thinking martingale but it is slight different. Yes we are increasing lot sizes, but we do not necessarily have to double the lot size or close out trades. ok that being said you have to set a maximum drawdown that you are will to accept as well as the distance between your entry and your hedge trades.

So lets see:

.01 long, it goes against us say 30 pip, then we enter .02 in the opposite direction. so now we have .01 long and 0.02 short., now if that trade starts to reverse (the 0.02 trade) to the point where we entered the 0.01 trade we place in another 0.02 trade to offset the 0.02 loss. We now have 0.03 lots long and 0.02 short. I think you get the gist of what I am saying.

so price if bouncing in a range, we are taking trades up and down until the market breaks out. If you reach the drawdown limit, just exit all your trades. and start again. This must be done when there is liquity in the market or else you will get trapped in small range trades which will kill these setups.

Why not try and trade one pair using this strategy? Just my 2 cents. I got really excited reading this thread (when I kind of started to understand what brijon was talking about) and will continue to follow and test my observations. I would not trust and EA for this. I currently am demoing my own EA that I had a programmer look at and man when they mess up it could spell doom to your account. I dont think i can trust an EA as yet. this system takes constant management and it would require patience and timing.

happy trading all.

Great results considering it's the Asian session, and I stayed with .01 and .04 and I did not take counter trades. The Buy pairs were only bought...The Sell pairs were only sold. Even after factoring in DD, my current equity is larger than starting equity. Starting equity was $6,948.

This is really too big...
As a reader, i think brijan has no obligation to answer all the question that already being explained. Please read the thread again.

a guide sales should exceed on normal trading to dd

eg 390 sales for the day dd 358

so one should see and moniter sales to dd

this is a guide only a minium target

sales greater than drawdown

normal target is 200 sales to 100 dd is a stock turn over factor 2/1

printing money one should be able to do this ratio

if you have a ratio of 2/1 you will be profitable


now i hope to down load this video later today about 5 hours from now
ive been quiet busy today with my familyand tommoro ill be on a bus trip with a social club
life is hard for us retirees

so ill get back to you later but the above is an easy achievable target over a 24 hour period for a trader

especialy a PIT BULL TRADER THAT STAYS FOCUS

ps this is a method you can use to evaluate your own performance

its a good start in understanding buisness management turn over factors

and there effect in your management of dd

god bless from brian

Can anybody tell me why i shoul re-enter .04 order? I mean why it can not be .05 or .08 lots?

SO ONCE AGAIN EQUITY SALES GROWTH PLUS SALES STOCK TURN OVER FACTORS TO OVERDRAFT(DRAW DOWN)

95 % OF NEW BUISNESSES IN THERE FIRST YEAR FAIL MOSTLY IF THEY DONT UNERSTAND BASIC BUISNESS THEN THEY FAIL

95% OF FOREX TRADERS FAIL

TRADING THE FOREX IS A BUISNESS

so one needs to use basic buisness methods to help them evaluate there true performance

above ive given you one method of evaluating your sales to dd as above


the other a maxium target to your equity of 8% then you stop trading till you pull back your % to equity

these are plain buisness models you can use

the other is mechanical metHods eg the PIT BULL TRADER

BOTTOM LINE PROFIT ORDER MIN 2/1 THIS IS REALY POSITION AVERAGING OF PRICE WE USE .O4 WAIT TILL IT COMES BACK TO ANY OF THE THREE BOTTOM LINES IN PROFIT
TAKE PROFIT

2 TREND BIAS MORE TRADES ON FOLLOWING THE TREND


3 USING SWAP INTERST CURENCYS OVER THE 3 DAYS PRIOR IN LARGER SIZE EG .O5


THESE ARE JUST A FEW IDEAS FOR YOU TO THINK

WE ALL TRADE DIFFERENT BUT THESE ARE A FEW IDEA THATONE MUST PRACTICE PRACTICE DD CONTROL

im sure only 5 % will practice stay focused % says only 5 % make money trading the Fores

so im batteling up hill thread destroyers crazy guys one has to be a pit bull trader to share information on the forex factory

did you notice that one who started a duplicte thread twice got 5 stars before they shut him down

just shows you the PIT BULL TRADER HAS TO FIGHT FOR HIS MATES
HARD FOR A PAT LET ALONE 5 STARS

HE HE

the crazy thread busters hide in the members lounge planing as a group the next forum that may be good to destroy it

take away you guys that want to learn from each other

AND THE SICK PART IS THEY GIVE THEM A HUGH PAT ON THE BACK
AND 5 STARS

i wonder why it sometimes gives me the pip

but THE PIT BULL TRADER NEVER QUITS FOR HE IS YOUR FAITHFUL SEVANT

GOD BLESS from BRIAN

sales $442 dd $222

now ive been in and out all day but this is how i evaluate my dd control

Well, due to lack of answer I take it that the "rubber band" effect is playing the grid in an increasing volume and then decreasing it as volatility subsides.

the play of 0.4 to 0.1 over and over again.

any ideas ?

f

does it matter what time frame we open these trades in?

Just spent 7 hours trading this method. I didn't increase my lots tho, I kept all my trades at .15 every time. seemed to work fine. drawdown was no problem, it took care of itself. I just added a new position each time a pair hit slot one, then closed the old one in profit. rinse and repeat all night.

Pitbull

Thought I would post up this mornings trades, a couple of hours worth.

Used .10 for the hedge and due to platform probs used .20 for the trades, it wouldnt let me set .14 for some reason and $1000 starting point.

With all brians methods if you can grasp the dd control its pretty much job done.

Time to start decorating so closed all down and reset intial hedge for later on.

Results of todays pitbull.

Instead of posting screen shots if you can write down the steps how are you trading PitBull system?

Hi,brijon I'm interesting your Pit bull trading strategy system,but
I don't see the video.Can you send an E-mail to me for the video.My E-mail address is [email protected] Thanks very much

Read as much as you can on this system as well as brians other systems.

All have one thing in common, dd control.

Set up the hedge, let it soak for a while, then start trading on demo untill you are happy.

Place the trades as they are due taking profits only when within your dd parameters, if dd goes outside then wait.

Look up loss profit loss cycle, brian has written loads about it.

This morning numerous times dd went beyond my allowance of 10%, up to around 17%... having studied brians loss profit loss I know to just sit on hands and it will eventually return to an acceptable level, then start trading again.

As an experiment set up the hedge and watch it, it will cycle between loss profit loss, the more the volutility the quicker it will cycle.

M.

Since writing this the new hedge has cycled from loss to profit so i have used a script to close all and will start another hedge.

I have studied Brijohns methods in the past as well as a lot of Steves Hopwoods bots. I am currently tradeing live with The Beast and up 70% in 6 months on a 5K live account. I have never quite come to grips with hedging loseing trades until recently.
I came across this Pit Bull thread last week and read & read until I got the gist of it. Many thanks to Brian for the effort you have put into all followers of your threads and systems, it is indeed thinking out of the box. To Dreamliner, I commend you for the work and assistance you have contributed to this thread and would happily vouch for both of you if I had vouching rights.
I fired up the demo a couple of hours ago and all was going to plan. I had .4 buy on GBP USD and it was gettin away from me at -$266.00 I then did a bit of chart analysing and decided to close the position and enter short for .8. I then closed that position shortly after in profit of $353.60. A few more trades and my drawdown was at breakeven. It then went minus $28.00 and I closed all positions for a total profit of $316.95. See results on JPG's below

first part of the day i was trading a bit os both same currency hedging and hedging normal then i sudenly realized i should have been only doing it for our usa friends but still heres is a hotch pot a bit of trading for both usa and us lucky ones

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

swaped over after the video and finalys Started trading for our usa friends

finished of the day for $442.0 SALES 100 % HIT RATE AND DD 220


SO 2/1 TURN OVER RATE as i said one shouLD try To achieve stock to sales to sales

in camteck format
i tryed to upload to utube in camteck format so far its not uploaded damn but you guys have the screen snap shots




nice to see old friends on here

sorry no trading for me tommoro out all day having fun

i wasnt going to post the above video as it was a hotch pot of my methods and might confuse some guys but for some they will find amongst the confusment a wealth of tricks

so there its is JUST LOOKED NOW COULD TAKE OFF A FEW HUNDRED PROFIT BUT WHAT THE HECK ITS ONLY DEMO AND IM TIRED


god bless from BRIAN

These are my current stats on a $335.00 account (I trade with Oanda so I can use smaller unit sizes):

Sales: $13.00
Drawdown: $-13.41

My concern, again, is that I'm unable to close all trades currently as that would have me losing money, not printing money, and since we have no method of controlling the losing trades they could just continue to lose and increase the drawdown.

Of course if things turn around I will let you know, but I don't like "waiting and hoping."