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Pit bull trading strategy by brijon

  • #381
  • Nov 14, 2011 8:55pm Nov 14, 2011 8:55pm
Quoting BlackStack
I think Brian means to say that these pairs are a basket instead of a hedge. Seems his main reason for these pairs is the swap interest they pay. You can choose other pairs for the basket if you desire.
Absolutely BlackStack,

Can be a hedge or just a basket. In his first post Brijon even mentions the T101 hedge. The whole gold of the system is using your basket as the indicator and then trading accordingly. Draw down is the area we all need more info on - a set of rules on how exactly how to deal with it would be good. However, if you just simply run a basket and capitalize on the winners in the basket - you should normally be able to close out the entire basket daily and keep your account on the plus side by what I see.
  • #382
  • Edited 9:37pm Nov 14, 2011 9:20pm | Edited 9:37pm
Another tool to possibly control drawdown. I haven't had a chance yet to study Brijon's other posts regarding swap rates/rollover/carry, etc. but I thought it might be helpful to post where one could find interest rates: dailyfx.com lower right hand side.
  • #383
  • Nov 14, 2011 9:29pm Nov 14, 2011 9:29pm
Quoting Suba
I'm trying this right now, and my orders r onthe wrong side of the USD/JPY pair, and I don't have any pair in the positive field,I will attach a screanshot of my order book in a few minutes, and thogether we could think in a way tho reduce my DD regardles the move os USD/JPY.
The problem is that we r closing the good traders and letting the bed ones run, how this way can u reduce the DD, considering that the USD/JPY is on a long run and u r on the wrong side.

Suba
Let me ask you this though when you opened up the basket, did the UJ go positive first? And if so why didn't you trade that, with the .04 since it would be in the bottom leading slot.

Part of the instruction is to open the basket for about an hour, and wait for a leader that goes postive. If you did that wouldn't UJ be postive and that be your .04 trade ?

I havn't tried this yet and Im not saying it's the greatest thing since sliced bread, but I do think it is an interesting concept. I also find it hard to believe a few people here are getting such awesome demo results, if simply being on the wrong side of the UJ would tank the whole thing.
  • #384
  • Nov 14, 2011 9:29pm Nov 14, 2011 9:29pm
Umm, Ann, I think you mean dailyfx.com. I typed in dailyfox.com and...well...thank you I guess. I think if you type in dailyfox.com you'll see my surprise. I was like wow, they talk about interest rates here too, fantastic. lololol.


Quoting Ann
Another tool to possibly control drawdown. I haven't had a chance yet to study Brijon's other posts regarding swap rates/rollover/carry, etc. but I thought it might be helpful to post where one could find interest rates: dailyfox.com lower right hand side.
  • #385
  • Nov 14, 2011 9:37pm Nov 14, 2011 9:37pm
Quoting TheDirtySerb
Umm, Ann, I think you mean dailyfx.com. I typed in dailyfox.com and...well...thank you I guess. I think if you type in dailyfox.com you'll see my surprise. I was like wow, they talk about interest rates here too, fantastic. lololol.
ooohhhh my bad. hahhaa. I will correct that. THANK YOU. So embarassing.
  • #386
  • Nov 14, 2011 9:39pm Nov 14, 2011 9:39pm
Quoting TheDirtySerb
Umm, Ann, I think you mean dailyfx.com. I typed in dailyfox.com and...well...thank you I guess. I think if you type in dailyfox.com you'll see my surprise. I was like wow, they talk about interest rates here too, fantastic. lololol.
oh my gosh! I can't stop laughing. Wow...there went any credibility I was trying to build up. hahaha
  • #387
  • Nov 14, 2011 9:45pm Nov 14, 2011 9:45pm
Sorry I'm not in right now. I'm still checking interest rates on dailyfox.com. lolol. Thanks Ann, I needed that. OK sorry for the off topic stuff all. Back to brainstorming.


Quoting Ann
oh my gosh! I can't stop laughing. Wow...there went any credibility I was trying to build up. hahaha
  • #388
  • Edited 9:55pm Nov 14, 2011 9:45pm | Edited 9:55pm
My sincere apologies to everyone. Honest typo.
  • #389
  • Nov 14, 2011 9:46pm Nov 14, 2011 9:46pm
try these for explanations
http://www.forexfactory.com/showthread.php?p=2252765#post2252765

http://www.forexfactory.com/showthread.php?p=2252602#post2252602

blessings. Batavier
Just trade the pullback you idiot!
  • #390
  • Nov 15, 2011 1:08am Nov 15, 2011 1:08am
on my prevoius threads there is so many videos on drawdown control

that if you guys just do DD PRACTICE and look for yourselves its nor hard

IM NOT BABY FEEDING YOU

now i said drawdown control needS practice practice a least a month

you atualy need to do work

i can give you the simple key to make non stop trades and give you a simPle ea based on the formula i already gave you it will make non stop trades with turn over for 2/1 BUT YOU NEED CLEAR EYES AND THINK

but why should i ive been abused told how you cant understand me
not given me any credit

now give me one reason i should

the priciple is so easy if you cant see the solution

thats your problem not mine

why should i give you every thing you havent worked for it

simple solution take profit dont do any work go back to your favourit thread

to be honest the information is all there if you cant find it its your problem

but i can tell you the answer to the Key to own the golden egg is hitting you in the face
who is the dummie

but ive not seen one reason i should give it to you
YOU ACTUALY HAVE TO WORK FOR

NO ONE HAS TRIED TO WORK FOR LEARNING DD CONTROL

you guys expect me to dig out the videos ect rubish my comunication methods

actualy its so easy to just help my real friends on skype

than waste my time here

at least they are sincere in learning

your pit bull trader is going on a rest from here have fun

printing money is easy so is drawdown control

just one needs to work but believe me the answer is in front of your face

HE WHO SEEKS FINDS

GOD BLESS FROM BRIAN
  • #391
  • Nov 15, 2011 1:28am Nov 15, 2011 1:28am
Quoting Dreamliner
See the attachment, and notice the huge drawdown in pips on the longs. They have been increasing all night.
Hi. I have been fascinated by this thread and all the hard work that everyone is putting in. Thank you. Going back to Brian's original thesis pit traders used a ticker tape to find which pairs they should be trading.

As we don't have a ticker tape we have simulated it with a basket of pairs. I view the opening position as purely arbitary i.e. no analysis has been taken as to whether we should be long or short on those particular pairs. So the opening positions are our ticker tape. If this is valid I think it should be equally as valid to be trading the top negative lines as trading the bottom positive lines. Purely determined by what is moving fastest.

By the way this totally discounts the swap position but right now my view is to open the basket at market open and to close it as momentum dies. so it is simply a 1 - 3 hour position and therefore swap is irrrelevant.

So the initial positions should be simply used as to what is moving with most momentum and confirmed by a grouping of correlated pairs at the very top or very bottom. In DL's example which shows a huge negative bias one would have been "printing money".

Just my thoughts so far.

Cheers

Gavin
  • #392
  • Nov 15, 2011 2:15am Nov 15, 2011 2:15am
Why dont we do this.

Just trade 3 pairs.
Eurusd
Gbpusd
Audusd

Open a demo account and put 3 sells and 3 buys on the 3 pairs.

Whichever comes down and in profit. Take a trade the lot size or depending on your money management in your real account.

At the end of day. close off all the indicator trades in the demo, and re-open new ones for the new day

Whad ya think of this?
To Your Success!!
  • #393
  • Nov 15, 2011 2:31am Nov 15, 2011 2:31am
This mornings results

Couple of hours yesterday and today

I left the account to soak most of yesterday after a great mornings trading, late last night the dd reached a high level, was i bothered, no, why?

First of all, yep, its on demo..., but from previous experience with brians ideas I know the loss profit loss cycle will bring the dd back to a usable level.

It did, I also hedged the higher runaways to prevent further dd, this morning as always the cycle had reduced the dd and after a few trades I closed the basket in profit.

Ive decided to hedge using steve hopwoods mptm if the dd reaches a certain level with a basket take profit, used it this morning, worked fine.

The $1000 account now stands at $2014 although used higher lot sizes, 0.10 and mostly 0.20 due to issues with the platform.

M.
Attached Image (click to enlarge)
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  • #394
  • Nov 15, 2011 3:57am Nov 15, 2011 3:57am
I had a similar experience with the DD last night. It wasn't anywhere near 10% due to the lot sizes i am using but it was upto the same level as the profit made during the day. I left it over night and by this morning it was down to a more comfortable level. I took some more additional trades this morning and so the account looks like this:

Balance £2100.25

Equity £2041.68

Still just using 0.01 for the initial basket and 0.04 lots for the extra trades.

Moodybot, would you mind sharing the settings you are using for MPTM to hedge the losing trades? I have not done any hedging so far but would be interested to see what effect this could have.

Thanks in advance.
  • #395
  • Nov 15, 2011 4:10am Nov 15, 2011 4:10am
First time I have used it to hedge, have set mptm to control all trades, start hedging at 50 pips and close on breakeven, im hoping it closes just the hedge not the whole lot, will find out soon enough, rest ootb, just to see how the basket reacts.

Also have set basket tp at 50 pips.

When manual trading if below my dd threshold then i will take trades, above then I leave it alone, im hoping the mptm will prevent large swings in the dd when im not around to control it, if the basket moves into profit I have no issues with mptm taking profit.

M.
  • #396
  • Nov 15, 2011 4:13am Nov 15, 2011 4:13am
totally agree, as Brian would say, take profit when profit is due!

Thanks for the quick reply
  • #397
  • Nov 15, 2011 5:02am Nov 15, 2011 5:02am
Results so far. Day 2.
Attached Image (click to enlarge)
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  • #398
  • Nov 15, 2011 5:14am Nov 15, 2011 5:14am
1st 24 hours up 174 with -61 dd right now on 10,000 account JPY pairs falling like rain
Attached Image (click to enlarge)
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  • #399
  • Nov 15, 2011 5:35am Nov 15, 2011 5:35am
Quoting dryclean
1st 24 hours up 174 with -61 dd right now on 10,000 account JPY pairs falling like rain
Excellent results.

Can I ask, are you just taking one extra trade at 0.04 lots at a time and then not taking any more until you have closed that one for a profit as apposed to taking a 0.04 trade every time you see a 0.01 (initial trade) go into profit.

If this is the case then I am over trading the system by taking too many extra trades.

Thanks.
  • #400
  • Nov 15, 2011 5:46am Nov 15, 2011 5:46am
Hellow guys! Thx Brijon for this system.
As i understand to control DD we should open some more sells if sells grow up and we should open buys if buys grow up. Don't we???
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