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Fratelli Intraday trading system

  • #1,281
  • Nov 23, 2011 3:57am Nov 23, 2011 3:57am
Quoting GB_Trader
Morning guys,

I need an excel (=sum) to work out what lot size to use based on 3% risk for 25 pip SL. Can anyone help?

I think if you download from page 1 you have it

Peter
  • #1,282
  • Nov 23, 2011 4:00am Nov 23, 2011 4:00am
Quoting peterporter
I was wondering if we will get more momentum moves if we set our trading times from Frankfurt opening to London Closing rather than starting at 06.50 CET (05.50 GMT) so as to get stopped out less --- ie false breakouts at the start of day ( EUR always does this to me )
This is the right approach , have a critical look at all components of the system (including trading times) and see whether Frankfurt open and/or LDN open will produce a better result over time.

If you see a benefit (less losers and/or more winners) by all means suggest a change or change your own trading plan.

The thread and the trading system will only benefit if traders contribute in an environment that encourages participation and interaction. Hopefully there will not be a repeat of the Jerry Springer show on the thread that took place yesterday
" Never let the past hold the future to ransom "
  • #1,283
  • Nov 23, 2011 4:02am Nov 23, 2011 4:02am
Quoting Gleneagles
This is the right approach , have a critical look at all components of the system (including trading times) and see whether Frankfurt open and/or LDN open will produce a better result over time.

If you see a benefit (less losers and/or more winners) by all means suggest a change or change your own trading plan.

The thread and the trading system will only benefit if traders contribute in an environment that encourages participation and interaction. Hopefully there will not be a repeat of the Jerry Springer show on the thread that took place yesterday...
no wont be a repeat, im sure they realised and stepped down, whnen they realised how much ppl think of me and how ive helped and give to the community especially with my SandD thread

anyway yes, these little things make the difference over time, and im sure Peter has plans to lock himself in his trading lab again soon for another hard session researching this
  • #1,284
  • Nov 23, 2011 4:04am Nov 23, 2011 4:04am
Quoting Gleneagles
This is the right approach , have a critical look at all components of the system (including trading times) and see whether Frankfurt open and/or LDN open will produce a better result over time.

If you see a benefit (less losers and/or more winners) by all means suggest a change or change your own trading plan.

The thread and the trading system will only benefit if traders contribute in an environment that encourages participation and interaction. Hopefully there will not be a repeat of the Jerry Springer show on the thread that took place yesterday...

thanks for coming here helping us to do the right things.

Peter
  • #1,285
  • Nov 23, 2011 4:10am Nov 23, 2011 4:10am
Quoting deankenny21
no wont be a repeat, im sure they realised and stepped down, whnen they realised how much ppl think of me and how ive helped and give to the community especially with my SandD thread

anyway yes, these little things make the difference over time, and im sure Peter has plans to lock himself in his trading lab again soon for another hard session researching this
No need to open a can of worms again but quite of few traders raised some valid points as well.
This thread should not be about individuals or personalities , it should be about a trading system.

After all , a team effort where everyone`s contribution is equally valued is the way forward.

That way , everybody wins. It would be pity to see a promising system and a positive thread ruined by a few individuals.

Subject closed from my end....

Looking for a sustained break below 3420 on EU
" Never let the past hold the future to ransom "
  • #1,286
  • Nov 23, 2011 4:13am Nov 23, 2011 4:13am
Ugh... having one of those days.
Small disciplines repeated with consistency lead to great achievements.
  • #1,287
  • Nov 23, 2011 4:14am Nov 23, 2011 4:14am
@peterporter
yes i hope too,
peter and dean make a very good job.In germany we say "kindergarten"I would like only trade, but no have trouble on this Forum.

Green pips of all.
  • #1,288
  • Nov 23, 2011 4:18am Nov 23, 2011 4:18am
big move down
euro-usd + 20 pips
euro-aud + 20 pips
  • #1,289
  • Nov 23, 2011 4:18am Nov 23, 2011 4:18am
Key support gone on EU 3420

Suspect lots of stops taken out as well.

Hopefully some managed a few green ones
" Never let the past hold the future to ransom "
  • #1,290
  • Nov 23, 2011 4:42am Nov 23, 2011 4:42am
I can tell you we are making progress on the glitches we seen this week.

it seems we solved the 1 bar repainting in the trend candle indy.

more to come

Peter
  • #1,291
  • Nov 23, 2011 4:43am Nov 23, 2011 4:43am
Quoting fratelli
I can tell you we are making progress on the glitches we seen this week.

it seems we solved the 1 bar repainting in the trend candle indy.

more to come

Peter
Yes, its a very tiring process but we are battling through it

On another note, i made back all what couldve lost this morning, on the past few trades
  • #1,292
  • Nov 23, 2011 4:44am Nov 23, 2011 4:44am
Quoting fratelli
thanks for coming here helping us to do the right things.

Peter
You are doing a great job so far .

The basics are in place already. I will gladly send you a few suggestions to consider by PM to see whether it can add value.
" Never let the past hold the future to ransom "
  • #1,293
  • Nov 23, 2011 4:48am Nov 23, 2011 4:48am
Quoting Gleneagles
You are doing a great job so far .

The basics are in place already. I will gladly send you a few suggestions to consider by PM to see whether it can add value.
Ive seen you around this FF joint, and you seem to be a pretty awesome all round member who knows his stuff, so im looking forward to what you have to add to this party
  • #1,294
  • Nov 23, 2011 4:51am Nov 23, 2011 4:51am
Quoting Gleneagles
You are doing a great job so far .

The basics are in place already. I will gladly send you a few suggestions to consider by PM to see whether it can add value.
please do

all great input is welcome.

thanks in adwance.

Peter
  • #1,295
  • Nov 23, 2011 4:52am Nov 23, 2011 4:52am
Quoting fratelli
I can tell you we are making progress on the glitches we seen this week.

it seems we solved the 1 bar repainting in the trend candle indy.

more to come

Peter
Nice to hear that ranging is definatly the worstest think in interday trading.
  • #1,296
  • Nov 23, 2011 4:55am Nov 23, 2011 4:55am
Quoting kolesar007
Nice to hear that ranging is definatly the worstest think in interday trading.
BUT you need to take them trades, even if we are on support, thats the whole point of the law of averages, because now it broke most of us had 3 winners at once, cancelling out everything else, starting to weigh us back to the positive side, those that didnt take it because they started using technical analysis over mechanics will be at a disadvantage with the odds the system produces over time
  • #1,297
  • Nov 23, 2011 5:07am Nov 23, 2011 5:07am
Quoting deankenny21
BUT you need to take them trades, even if we are on support, thats the whole point of the law of averages, because now it broke most of us had 3 winners at once, cancelling out everything else, starting to weigh us back to the positive side, those that didnt take it because they started using technical analysis over mechanics will be at a disadvantage with the odds the system produces over time

Well said - I was fortunate and made a good trade simply selling a couple 1 minute pullbacks on the way down, but you're right - half assing a system will always make it seem like a loser. The creators of all systems create them based on percentages of profitability. But percentages only work in the trader's favor if they keep rolling the dice, however slightly weighted those dice may be in their favor.

Now that doesn't hold true for a poor system, however. But I really don't think this is that - I actually have more faith in this sytem than any other I've come across on the site. Still more comfortable with doing my own analysis and trades, but with time I'm sure this will continue to grow on me.
Small disciplines repeated with consistency lead to great achievements.
  • #1,298
  • Nov 23, 2011 5:14am Nov 23, 2011 5:14am
ITs natural to see support and say to everyone dont sell because of blah blah triangle and wedge and this that and the other.

I saw demand down there too, but i knew i had to overcome my analysis side and take the trade based on as you said rolling a dice and probability over the course of tme according to peters research.

So those of you that said do not sell on this support will be suffering now because of the losses we incurred they will still stand, but now we made it all back on the latest trades.

I think thats where alot of people doubt mechnical systems because they start doing fibs, and whatever and dont take a trade. So i stress to everyone please no technical analysis in here, trade stricly to the systems rules and as you found out today it wuldve kept you in the game

hope everyone understands
Dean

PS I trade supply and demand as bread and butter, as many know.
with this system im over 150odd pips in profit since last thurs when i started testing it, i can assure you now if i wouldve starting doing the same analysis i do for supply and demand and not take some trades based off it with fratelli, i would be alot less than 150 pips maybe even in the negative.
  • #1,299
  • Nov 23, 2011 5:27am Nov 23, 2011 5:27am
Quoting deankenny21
BUT you need to take them trades, even if we are on support, thats the whole point of the law of averages, because now it broke most of us had 3 winners at once, cancelling out everything else, starting to weigh us back to the positive side, those that didnt take it because they started using technical analysis over mechanics will be at a disadvantage with the odds the system produces over time
I mechanical system I agree with you but it is hard to take trade if you see wall in front of you. But results talk to them selfs .
  • #1,300
  • Nov 23, 2011 5:27am Nov 23, 2011 5:27am
Quoting deankenny21
ITs natural to see support and say to everyone dont sell because of blah blah triangle and wedge and this that and the other.

I saw demand down there too, but i knew i had to overcome my analysis side and take the trade based on as you said rolling a dice and probability over the course of tme according to peters research.

So those of you that said do not sell on this support will be suffering now because of the losses we incurred they will still stand, but now we made it all back on the latest trades.

I think thats where alot of people...
I agree with you, we should take all signals that come along and forget about all the technical analysis around, this is just a probability game where the odds with this system are definitely on our side, you just don't know whether the next signal will be a winner or not but you now there is good chance it will be profitable.

Today I would have not taken all those shorts on support... I followed Fratelli signals and now I have 60 pips in the bag, not bad at all...

We still could have a look at finding the best setting for the supertrend. I feel that 1.7 is a still a bit slow to react on a 10 min chart, maybe we could do a backtest on different settings, obviously I am not asking Peter to do all this by himself but if 10-15 of the 100 members who are on this thread help out we could do it in a few hours...
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