Pit bull trading strategy by brijon

Hey Brian;

After using T 101 style trading for a long time, I thought about taking advantage of the universal pair hedging in a different way.
I stared at the screen for hours and hours but could not figure out
how I can exploit the system........

This system is totally revolutionary and a superb method to be always on the same as the trend.

Thanx for sharing with us

First post by a newbie trying to understand Brijon’s Pitbull strategy. Stayed up all night reducing the loss from my demo account. Slowly ‘printed money’ whittling down the losses. Hey, this works! Or so I thought... 2 or 3 times all trades closed automatically setting me back into a deeper hole each time. Hmm, is that what they call margin call? Need to do some research on this. There’s free margin and margin level %... wondering what levels are safe or acceptable?
Before going to bed at 4am resorted to working with just 2 pairs EU and UJ because the minimum for my broker is .1 lot and I kept running into ‘not enough money’. Bought and shorted EU after I noticed FXDD allows me to do so, although I live in the US. Same with UJ. When I got up today went overweight the biggest winner as well as the top loser going the opposite direction. Was happily printing money and reducing my losses until margin called again. Somehow I’m not doing it right, but gotta get the feet wet.

Frustrated, I started all over with a fresh 5K demo. At the moment have a $180 gain but the DD is about $450. My biggest mistake was taking on too much of AU and AJ for the swap thrill. They are now my biggest losers. Also I noticed on my fresh FXDD demo acct that .01 lot minimum is now allowed.

Not complaining here but simply sharing my first experience with Brijon’s Pitbull system, probably the most original method I’ve ever come across here at FF. Perhaps other beginners will learn from my mistakes. It will take me a while and with much practice before I can figure this out. I’ve watch several of the videos. Brian, I appreciate very much your sharing your experience and strategies. Thank you, sir.

pit bull teaches you any body can print money quickly being greedy or over trading not managing draw down corectly CAN BLOW AN ACOUNT

IF YOUR SALES STOCK RATIO IS NOT CORECT YOU CAN BLOW AN ACCOUNT

PIT BULL TRADER JUST TEACHES YOU FASTER THAT ANYONE CAN HAVE 100% HIT RATE

ANY ONE CAN TRADE AND TAKE PROFITS

but to learn trading one must controll dd a real trader is a trader that has mastered drawdow

PIT BULL TRADER TEACHES YOU FAST THAT TAKING TRADES MAKING 100% HIT RATES IS EASY

so if you dont spend 95 % of your time learning drawdown control and or managing your trades youll lose money

now each 5 star thread has there own method of trading there is no RIGHT or wrong way to trade

but the reason 95 % of traders loose trading on the forex

is they spend too much time learning indicaters systems ect

when the difference between a profitable trader and a trader than looses trading is they forget the most important lesson dd or management control THERES MANY MANY GREAT METHODS FOLLOW YOUR 45 STAR FF ADVISERS AND PICK YOUR SYSTEM THAT SUITS YOU


IF ONLY THAT POINT WAS LEARNT all the great 5 star threads would have a hugh success rate of there members

maybe it could be the reverse id be a success if only that lesson comes out of my information ive provided

then 95% of traders would win trading the forex


THERE IS NO RIGHTOR WRONG WAY TO TRADE ONLY HOW YOU HADLE YOUR DRAWDOWN OR MONEY MANAGEMENT

WHAT WORKS FOR YOU

WITH PIT BULL TRADER ANY ONE CAN PRINT MONEY

BUT HOW YOU HANDLE DRAWDOWN OR THE WAY YOU MANAGE YOUR ACCOUNT IS THE REAL SECRET TO TRADING THE FOREX

GREAT POST THANK YOU

FROM BRIAN

Hi everyone,

I've been reading through your thread and starting to understand your trading style. It's very interesting; much like reading price action of the Entry window in MT4 and Tape Reading.

Regards,
Clark

does one close all 10 "indicator" trades, or do we leave them open for a long time?

Also, is there a problem with running the indicator trades on 1 demo account and take only add-on trades on live account?

think about it when the last lowest slot goes into profit +0-1 ect

goes profit you put on a trade

the new trade goes into profit you take the profit

PIT BULL TRADER IS AN INDICATER

FOR ENTRY AND EXITS isnt it

so as i said before on can use it using your own systems order indicater to confirm your entry or exists


the same as any indicater IT JUST CONFIRMS ANY ENTRY AND THE BEST CURRENCY TO TRADE NOW and its trend


i said one thousand times PIT BULL TRADER CAN BE USED AS A STAND ALONE SYSTEM NO CHART TRADING OR AN AJUNCT TO ENHACE YOUR OWN SYSTEM


but pit bull trader teaches you any one can print money 100% hit rate


but if you use it as an ajunct to your own system or indicaters it gives you a new bow to your string
so you can use PIT BULL TRADER AS A TIMING nmechanism for

1 an identification of now the best currency to trade when to trade it

and when to take profit but its an indication for you

and can be used with any system or indicaters that you use

it is also a stand alone no chart system

the point of this is it teaches you that any one can print money 100% hit rate but how vital its is that you control drawdown with any system or indicaters

IT JUST HELPS YOU CONFIRM YOUR DECISION DOESNT IT?


ive given you information of how you can trade what the consequeces of trading without drawdown control or money management

PIT BULL TRADER TEACHES YOU THAT ANY ONE CAN PRINT MONEY

BUT IFYOU DONT CONTROL DD OR MONEY MANAGEMENT IN THE LONG TERM YOU LOOSE

IN CONCLUSION

you can use it for enhacing your trading you can use it in demo as a indicater or as a stand alone charting system

either way if you dont learn dd control or a very very good money manage meny system over the longer term you will loose in my opinion


great post thank you guys


GOD Bless from Brian

ps you can rinse and reput back on any time your indicater is demo isnt it?

quote=bgbearnavy;5140484]does one close all 10 "indicator" trades, or do we leave them open for a long time?

Also, is there a problem with running the indicator trades on 1 demo account and take only add-on trades on live account?[/quote]

Hello Brijon,
Thank you for posting interesting method. But after using your pit bull trading strategy for several times, i had noticed that printing money is just delusion without drawdown control. Every time when i took the profit drawdown will increase and i still don't know how to control it.

I found that the basket you provide:
Buy: AUDUSD NZDUSD EURGBP EURUSD GBPUSD
SELL AUDJPY NZDJPY USDJPY EURJPY GBPJPY

as we all know when you buy XXX/YYY, it means u buy XXX and sell YYY, so i think the basket can convert to
BUY: EURGBP
SELL: USDJPY * 5
If above conversion is right, so the pit bull indicator's (first ten .01 order) draw down mostly depends on USDJPY.
So when we place our real order(.04 lot), eg sell .04 lot AUDJPY, the whole basket can convert to
BUY: USD*5, EUR
SELL: AUD*4, GBP

It seems like the whole basket's drawdown mostly depends on XXXUSD(if real order is sell) and XXXJPY(if real order is buy). Since neither can you predict the USD nor JPY's trend, then how can we control the drawdown?

you have learnt the most important lesson printing money is easy trading is easy 100% hit rate is is easy

the illusion of traiding making trades on the forex is an illusion


that is the best lesson you learnt it yourself


through actualy doing it

SO NOW COMES DD NOT JUST THIS SYSTEM ANY SYSTEM OR INDICATERS YOU USE

ONE needs to control dd


did you know if been learning this for 10 years practacing practacing how to control drawdown

demos literaly thousands of demos i still do every day learn THIS IS SOME OF MY MAIN METHODS I USE



THE MAIN THINGS I FOCUS ON NOW IS THAT ONE HAS TO KEEP HIS

SALES TO STOCK RATIO TIGHT MIN 1.25 OR BEST IS 2

one has to learn hedge bias by practacing non stop

ONE CAN USE THE SWAP INTERST TIMES TO TAKE A LARGER POSITION ON TO BRING YOR DRAW DOWN DOWN

BUT DONT BE GREEDY

WHEN YOUR DD REACHES 6% OF YOUR ACCOUNT SIZE DONT PUT TRADES ON WAIT FOR DRAWDOWN TO COME DOWN THE CYCLE OF LOSS PROFIT LOSS

ALWAYS LOOK AT YOUR MARGIN DONT EXCEED YOR MARGIN LEVEL YOU SET AS MAX IN USA THIS IS EXTEMLY CRITICAL

DOT TAKE PROFIT WITHOUT TIMING THE PROFIT AND THE DD GOES DOWN BELOW THE LEVEL OF PROFIT YOU ARE GOING TO TAKE


DONT BE GREEDY BE PATIENT USE TIME TIME YOUR PROFIT TAKE


PRACTICE PRACTICS PRACTICE IT TAKES A MINIMUM OF ONE MONTH NON STOP PRACTICE


BUT THIS APPLIES TO ALL SYSTEMS ALL INDICATERs YOU TRADE WITH IF YOU DONT HAVE A GREAT DRAWDOWN SYSTEM OR MONEY MANAGEMENT SYSTEM YOU EVENTUALL WILL LOSE


THERE IS NO SHORT CUT TO SUCCESS

I WISH THER WAS

GOD BLEESS FROM BRIAN

the eco situation is getting worse a major hugh bank of poland is tied to italy today there may be an anouncement the major goverment bank poland PKO regarding italys crisis may cause polands bank to eventualy fail

the anoucement is depended on final negotiations with the italian banks directors outcome


SO THE DOMINO EFFECT HAS BEGUN


SLOWLY SLOWLY


TRADE DEMO ONLY PRACTICE PRACTICE USE THIS TIME FOR LEARNING


god bless from brian

Why to keep this method so complicated?

I think that´s not normal so many people asking how can we control DD?and no even one direct answer.

Could someone put into a document some tecniques to control DD, in a clear way? Does, beyond Brijon, anybody know how to contrl it?

Why hide this secrecy?

Suba

Brijon says to learn DD you need to keep practicing on demo. No matter how long. It can be 20 years, 40 years or 100 years and when you learn DD then start printing money. Its easy as 1,2 ,3. Is it not?

I SAID IT WOULD TAKE A MINIUM OF A MONTH NO SECRETS IF YOU ARE A DUMMIE WHAT CAN I DO JUST BLOCK

go and learn on anothe r thread

this is a 4 star thread the way i do it is not suitable for most traders

we all trade different each thread has its methods of controlling drawdown

im not hiding anything but if you dont like it gio to a 5 star thread and learn there

95 % of trader lose money on the forex the same on any thread

i cant change that , some people will never earn money trading the forex

thats a fact i except that most will never be a success

not my fault

god bless from brian

drawdown control one must practice non stop any one can print money butcontrolling drawdown takes practice

i cant swim for you



PIT BULL TRADER SHOWS YOU CLEARLY THE TREND FROM CENTRE LINE SELLS AND BUYS BELOW THE CENTER LINE

what THAT SHOWS CLEAR if the SELLS MAJORITY ITS A SHORT MARKET ---EQUAL SIDEWAY MARKET or LONGs

now its only looking at the numbers
but its the trend now based on price so if the trend is sell short how many total sells to buys equal bias neutral

if market is sell you may need eg more sells on than buys eg if you use 10 hedge could be balance sells 10sells to 5 buys

then you are in short bias which will help bring down drawdown as the trend strength becomes stronger or vise versa

relative srength now the currenys is seen clearly between position on usdjpy to jpys and usd on the PIT BULL TRADER

ON ONLY HAS TO LOOK

clear eyes simple things are some times the hardest things to see

its all basic trading not hard to do

on the

PIT BULL TRADER THE PATTERN OF THE TREND CHANGE IS WATCHING THE CURRENCY MOVEMENT OF THE SLOT MOVEMENTS

ONE NEEDS CLEAR EYES AND WATCH


GOD BLESS from BRIAN

Maybe it would help if we constructed a list of ways drawdown is increased and ways we may prevent drawdown increasing in order to more clearly analyse this part of the system and help newbies.

Factors Which May Increase Drawdown:

1. Opening another trade.
2. Taking profit on a trade.
3. Having a market move against the direction of a trade.
4. Taking trades which are not in line with the current trend(ie. are retracements of the predominant trend).

Prevention:

1. Hedging a pair at x pips loss and if the pair moves back to the first two or three spots on indicator (ie trend resumes) remove the hedge.
2. Factor the amount a pair may move against you into your maximum allowed drawdown % before you hedge it, then ensure limit/stop orders are in place so that by the approximate time your basket will reach allowable drawdown %, the currencies that aren't behaving are hedged - and you don't exceed your maximum allowable DD %.
3. Consider whether the hedging of current orders will put you over your maximum DD % amount. If it won't - then new trades may be taken.

When you have reached your DD limit (or would following a detrimental market movement) - you should not be taking more trades, just using the tools in your disposal to ensure your DD doesnt continue to escalate.


These are just my suggestions - obviously this is only the way I prefer to manage drawdown.

ON THE OTHER THREAD I MADE LOADS OF VIDEOS ON DRAW DOWN

yet doesnt people look just complain

there must be 10 on one ff thread on draw down control

i posted the links on here


OVER 200 VIDEOS ON UTUBE

am i missing someting

no wonder 95 % of traders lose money trading the forex

http://www.forexfactory.com/showthread.php?t=293904

EG LOADS OF INFO ON HERE VIDEOS ECT WRITTEN INFO ECT SEE POST 976
SO MUSCH WRIITEN BUT NO ONE WANTS TO LOOK

utube
http://www.forexfactory.com/showthread.php?t=293904

internet sites other traders

good one so ive given you in many different forms videos writing how i do it

how long does it take you to learn drawdown

how long is a piece of string drawdown control is what works for you

practice all methods go on the forex factory learn how others do it

there is no right or wrong way just what works for you

95 % OF TRADERS LOOSE MONEY TRADING THE FOREX

IF YOU CANT LEARN TO CONTROL YOUR DRAWDOWN SIMPLE
DONT TRADE THE FOREX LEARN FROM OTHERS

I JUST GAVE YOU HOW I DO IT

THERE IS NO RIGHT OR WRONG WAY
FROM BRIAN

Done for the day - grand total of 4 hours screen time, 4 "baskets"

1. Decided to work towards 5% per day, I am always over-trading and then lose what I made earlier... This system is so much fun (video game) that it lends itself to over-trading!!! Not advisable with real money....

2. Today's Observations:
I am not mentally ready to trade without indicators, so I still use some:
a. As several people have pointed out the present pair selection is USD/JPY-centric - in order to be quick in & out, suggest you wait for strength reading USD / JPY to be => 7, then pick another currency with strength <=3
or
USD / JPY to be <=3, and pick a strong currency
b. This morning (Asia) time, USD & JPY are relatively weak AUD & NZD strong => buy AUD/USD and/or NZDUSD
c. I limit myself to 2 additional (0.5 lots) orders in addition to basket - Brian seems to be trading more aggressively (after all he has years of experience with this system...

3. Another observation, as possible solution to DD issue, Brian has the initial basket sorted from highest loss on top to highest gain at bottom of MT4 "Trade" window. If you feel that DD is too large for your liking, check the strength meter to confirm that highest DD pair has a ration of 3/6 (example!) and then simple enter a 5x higher lot order (eg 0.5 lots) in the opposite direction of the high DD pair (eg if it is a "sell" pair-buy and vice versa)

Have fun guys & thanks Brian for sharing

other ff threads ive been on
Brijons advanced traders multi-currency strategies
http://www.forexfactory.com/showthread.php?t=293904 (http://www.forexfactory.com/showthread.php?t=293904)
on here is recent videos on dd control ect

previous threads
On My thread the amazing 3mw ive started to show via videos methods i use in trading
Most of the trades have been put on there for reference go to
http://www.forexfactory.com/showthread.php?t=242404 (http://www.forexfactory.com/showthread.php?t=242404)


prevous threads
Brijon Advanced Forex Trading Concepts
http://www.forexfactory.com/showthre...06#post5128506 (http://www.forexfactory.com/showthread.php?p=5128506#post5128506).

rollover thread read first 10 pages
this thread was the start of my horendusff begining on talking of trading the tripple swap
roll over (carry trades) that can be used for good hit rates
http://www.forexfactory.com/showthread.php?t=67211 (http://www.forexfactory.com/showthread.php?t=67211)