Pit bull trading strategy by brijon | Page 40 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

AUDUSD Trading Pit 425 replies

If previous bar=bull/bull then 2 replies

Pit Traders - How Do We Classify Their Trading Style? 6 replies

M Schwartz: Pit Bull ebook - How can I get it? 13 replies

Attachments: Pit bull trading strategy by brijon
Exit Attachments

Pit bull trading strategy by brijon

  • #781
  • Nov 27, 2011 2:14am Nov 27, 2011 2:14am
Quoting thorn
Can someone explain the reasoning behind the 10 pairs that are used?

Very heavily long jpy.

Would it be easier to control drawdown with a more correlated/synthetically hedged group of 10?

Especially for U.S traders that cant hedge in same account.

Dont know if system works or not, just seems like its putting most of your eggs in the jpy basket and if it goes wrong thats where the problem with DD comes into play.

Before Im labeled a criminal and banned, Im not bashing anyone or the system. Just curious about the pairs used and the reasoning...
Great idea, perhaps develop an alternative basket to suit the individual.

Slightly different to pitbull but still maintaining dd using 14 pairs, this account I used over a couple of days last week using 3MW to enter and hopwoods mptm to hedge when I was away from the computer.

It worked last year, it works this year, and as long as we have a forex next year i sure it will continue to work then as well.

All of brians methods can be mixed and match to suit your own trading style, all it takes is a demo account, a pair of eyes and some time...., it isnt a get rich quick here are the instructions go ahead and trade thread, plenty of them floating around.

M

Hi Tallman, steve hopwood got banned for including a reference to a payed EA that he could provide, I see you are advertising a paid 101 indicator for max basket profit loss, can you make that available to the readers of this thread, might be very usefull.
Attached Image (click to enlarge)
Click to Enlarge Name: hedge 14.gif Size: 78 KB
  • #782
  • Nov 27, 2011 9:53am Nov 27, 2011 9:53am
I seem to have stumbled across this thread at a very conflicted time...

I haven't read the entire thread but I read hundreds of posts and watched a lot of Brian's videos. I get the gist but the details of the technique are still unclear to me. Could somebody clarify a few points for me?

* The "Pitbull indicator" of pairs in profit/loss is just an indicator of relative strength, showing which pairs are moving up vs. down. This basically just shows which pairs are currently moving up fastest, and those are the ones you jump on. I think I understand that part.

* How can the indicator give you an accurate call on what's currently moving up, when the indicator positions show relative movement **since you opened the indicator**, which might be hours or days ago? Your bottom (most in-profit) pair might have moved up rapidly after you opened the positions in your indicator, so it's still positive since opening the indicator positions, but it could be moving DOWN now. Or a pair might move down so it's deep in the loser section, so you wouldn't see it start to outperform when it started moving up. Wouldn't it make a lot more sense to use a short-term relative-strength calculation instead of something that's tied to a starting point hours or days ago?

* I haven't tried opening a demo on this yet, but in all the examples I've seen, all of the pairs are negative except the bottom few. Brian says when it goes positive, that's when you make a trade. Why aren't lots of pairs positive, since some pairs would move up and some would move down? Has he opened trades on all of the positive ones, grabbed a bit of profit, and re-opened new trades without the positive open profit? Is that why he says to take a trade, close it out, then open another trade with the same size and the same pair?

* If you used an actual indicator (like some people do with T101) instead of all the "indicator positions" in your account, is there any reason to use all the hedged positions? I think the hedged positions just keep your account from getting out of control while you use the indicator positions to decide what to trade. If you don't use the indicator positions, and only open positions when you make an actual trade, couldn't you trade any set of pairs you wanted?

* Brian says over and over that you have to manage the drawdown. But how you're supposed to do that is unclear. If you buy a pair and it immediately goes against you, and never comes back, there doesn't seem to be a recovery mechanism. Do you just place a huge SL on it and eventually bail on it? And in the meantime try to close bunches of tiny profits to make up for the loss?

* Is this basically just a method to feed you hundreds of tiny profitable trades? One of the videos shows Brian opening and closing 8 or 10 trades in a few minutes. Can it be applied to longer-term trading, if you're not temperamentally suited to rapid-fire scalping?

Thanks for any clarifications!
Gary
  • #783
  • Nov 27, 2011 11:14am Nov 27, 2011 11:14am
there are some variations and technique among traders, but one can very much go over "trades History", and learn from it; especially pay close attention to open and close orders.
Thanks to those who contribute their work on myfxbook.

http://www.myfxbook.com/members/seonder/pitbull-traders/192695
http://www.myfxbook.com/members/Russell/pitbull-trading-fully-automatic-printing/197084
http://www.myfxbook.com/members/Russell/brian-hedge-new/197032
  • #784
  • Nov 28, 2011 3:53am Nov 28, 2011 3:53am
if anyone wants to try this live, please do so with a risk capital small account.

this is just too risky when i re-assesed the system. i believe in DD management but not because of impulsive buying and selling wih no reason logical to it.

hoping it goes into profit, and u 'print money'.

u can print money when u have reasoning in buying and selling and not dumping the whole damn thing in DD.

did u know that u actually put urself in more DD with more trades opened? can u manage that? imagine only one of them running. that would be easier to manage right?

i believe its better to use and apply reasoning be it s/r supply demand, PA or MAs, or an oscillator or cycles or combined that would make sense. but this to me sounds like gambling,

then again my two cents.

i doubt i can sleep overnight in heavy DD
Have I got something on my face, SOLDIER?
  • #785
  • Nov 28, 2011 4:48am Nov 28, 2011 4:48am
Quoting bumapatria
if anyone wants to try this live, please do so with a risk capital small account.

this is just too risky when i re-assesed the system. i believe in DD management but not because of impulsive buying and selling wih no reason logical to it.

hoping it goes into profit, and u 'print money'.

u can print money when u have reasoning in buying and selling and not dumping the whole damn thing in DD.

did u know that u actually put urself in more DD with more trades opened? can u manage that? imagine only one of them running. that would be easier...
Im exactly on your line.
I wouldn't use a DD managment system until I really understod the logic and reason behind it and exactly why I am suppose to buy or sell exit at any given point, I mean I WANT to learn it! there is no question about that, but to blindly buy and sell just because it jumped up or down in Metatrader isn't enough for me, and without chart! that allmost seems to be the road to ruin if I may speak freely and I allways do wither someone like it or not, thats just the way I am, it's not that Im not showing respect, I have the deepest respect for brian as a trader but one must be allowed to ask things you don't understand. thats how you learn, I just wan't to know what Im doing, I think any trader can agree with me on that. I can assure everyone and brian that I have no bad intentions here on this thread I just wan't some explanation, only 5% understand the strategy, I think that speak for it self, I do hope he come back and teach us more in the future and I hope no bad feelings brianhttp://www.forexfactory.com/images/icons/icon12.gif
Bulls are stupid Animals!especially when Im short!
  • #786
  • Nov 28, 2011 6:58am Nov 28, 2011 6:58am
Ask yourself this; where are the results?

Neither brijon or his supporters can show any that I know of, please point me in the right direction if you have seen them.

All righty then, move along, nothing to see here folks.....
It takes a lot for me to IGNORE you, but you can try.
  • #787
  • Nov 28, 2011 7:04am Nov 28, 2011 7:04am
Quoting Erebus
Ask yourself this; where are the results?

Neither brijon or his supporters can show any that I know of, please point me in the right direction if you have seen them.

All righty then, move along, nothing to see here folks.....

So having read the thread you have obviously seen the link to russ's myfx live account

All righty then, move along, nothing to see here folks....another one not bothering to read the thread.
  • #788
  • Nov 28, 2011 7:27am Nov 28, 2011 7:27am
Quoting roughtrader
Im exactly on your line.
I wouldn't use a DD managment system until I really understod the logic and reason behind it and exactly why I am suppose to buy or sell exit at any given point, I mean I WANT to learn it! there is no question about that, but to blindly buy and sell just because it jumped up or down in Metatrader isn't enough for me, and without chart! that allmost seems to be the road to ruin if I may speak freely and I allways do wither someone like it or not, thats just the way I am, it's not that Im not showing respect, I have the deepest...
those are very kind words rought same here as me i have respect for him for sharing his method. it makes sense for some, and no for some. im in the middle sort of but i still respect sir brijon. fake or not thats for him to deal with and hed be lying to himself. 200+ videos might invalidate the validity of a fake, alas, many find good throuugh this i am happy for brian and the learners of this mehtod
Have I got something on my face, SOLDIER?
  • #789
  • Nov 28, 2011 7:43am Nov 28, 2011 7:43am
Quoting moodybot
So having read the thread you have obviously seen the link to russ's myfx live account

All righty then, move along, nothing to see here folks....another one not bothering to read the thread.
Wow, 4 trades for $189, I'm in

Don't think anyone will ever be able to post the win/loss ratio for 100 trades, for so many reasons already pointed out.
It takes a lot for me to IGNORE you, but you can try.
  • #790
  • Nov 28, 2011 7:56am Nov 28, 2011 7:56am
Quoting Erebus
Wow, 4 trades for $189, I'm in

Don't think anyone will ever be able to post the win/loss ratio for 100 trades, for so many reasons already pointed out.

Live today

http://my.jetscreenshot.com/demo/20111128-tcim-152kb

Open oders from today Live same account

http://my.jetscreenshot.com/demo/20111128-uxtk-56kb

Russ
  • #791
  • Nov 28, 2011 8:10am Nov 28, 2011 8:10am
Quoting russ1978
Live today

http://my.jetscreenshot.com/demo/20111128-tcim-152kb

Open oders from today Live same account

http://my.jetscreenshot.com/demo/20111128-uxtk-56kb

Russ

great work
im glad someone can find good in brijon's work now we know its valid!

i think itd work best if u use least leverage possible to handle more DD and be more fluid.

what do u think?
but anways good job
Have I got something on my face, SOLDIER?
  • #792
  • Nov 28, 2011 8:18am Nov 28, 2011 8:18am
Quoting Erebus
Wow, 4 trades for $189, I'm in

Don't think anyone will ever be able to post the win/loss ratio for 100 trades, for so many reasons already pointed out.
Have you seen russ's results??

Anything else to add????

Im still practising, so i can only post demo so i know it doesnt count, but here they are...,

Thats 29 trades all bar 1 in profit taken this morning, Eebus if your having trouble with pitbull, 3mw perhaps this thread is a little to advanced for you...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ptbull,3m combined1.gif Size: 57 KB
Click to Enlarge Name: ptbull,3m combined2.gif Size: 93 KB
  • #793
  • Nov 28, 2011 8:25am Nov 28, 2011 8:25am
Quoting moodybot
Have you seen russ's results??

Anything else to add????

Im still practising, so i can only post demo so i know it doesnt count, but here they are...,

Thats 29 trades all bar 1 in profit taken this morning, Eebus if your having trouble with pitbull, 3mw perhaps this thread is a little to advanced for you...

Wrong thread but using 101 trading method

http://my.jetscreenshot.com/demo/20111128-onri-116kb

Russ

Just saying hedge type systems do make money. It took me 2 years to work with the 101 system
  • #794
  • Nov 28, 2011 9:06am Nov 28, 2011 9:06am
Quoting russ1978
Live today

http://my.jetscreenshot.com/demo/20111128-tcim-152kb

Open oders from today Live same account

http://my.jetscreenshot.com/demo/20111128-uxtk-56kb

Russ
Obviously you need to be teaching this instead of brijon, how about opening your own thread?

Or have you already?
It takes a lot for me to IGNORE you, but you can try.
  • #795
  • Nov 28, 2011 9:48am Nov 28, 2011 9:48am
Quoting getting
there are some variations and technique among traders, but one can very much go over "trades History", and learn from it; especially pay close attention to open and close orders.
Thanks to those who contribute their work on myfxbook.

http://www.myfxbook.com/members/seonder/pitbull-traders/192695
http://www.myfxbook.com/members/Russell/pitbull-trading-fully-automatic-printing/197084
http://www.myfxbook.com/members/Russell/brian-hedge-new/197032

nice work.

i notice your take profit is lower in pips than your SL?

have you found this to be a Pitbull issue?
  • #796
  • Nov 28, 2011 10:12am Nov 28, 2011 10:12am
...but,

http://my.jetscreenshot.com/demo/20111128-onri-116kb
http://www.myfxbook.com/members/seonder/pitbull-traders/192695
http://www.myfxbook.com/members/Russell/pitbull-trading-fully-automatic-printing/197084
http://www.myfxbook.com/members/Russell/brian-hedge-new/197032

DEMO, DEMO, DEMO, and DEMO.
The last 3 are less than 3 weeks old.
The first, I cannot tell.

Do you have anything like 3-6 months old with real money at stake?

It should be painfully obvious that any drawdown system looks fantastic until
it "blows" up. (...so does any martingale for that matter.)

Can someone show me their "art" of managing drawdown for maybe a couple hundred trades?
(or at least a few months) and show me the REAL money profits they have kept?
That is where the skill is... in my opinion.
  • #797
  • Nov 28, 2011 10:15am Nov 28, 2011 10:15am
Quoting Intu
...but,

http://my.jetscreenshot.com/demo/20111128-onri-116kb
http://www.myfxbook.com/members/seonder/pitbull-traders/192695
http://www.myfxbook.com/members/Russell/pitbull-trading-fully-automatic-printing/197084
http://www.myfxbook.com/members/Russell/brian-hedge-new/197032

DEMO, DEMO, DEMO, and DEMO.
The last 3 are less than 3 weeks old.
The first, I cannot tell.

Do you have anything like 3-6 months old with real money at stake?

It should be painfully obvious that any drawdown system looks fantastic...

I only learnt brians one few weeks ago, but he has been teaching areas of this for a long time. For results over a few months least from me your have to wait but am happy to carry on as i am

Russ
  • #798
  • Nov 28, 2011 10:27am Nov 28, 2011 10:27am
Quoting russ1978
Live today

http://my.jetscreenshot.com/demo/20111128-tcim-152kb

Open oders from today Live same account

http://my.jetscreenshot.com/demo/20111128-uxtk-56kb

Russ

Russ you say it is live but the links open up saying it is a demo account
  • #799
  • Nov 28, 2011 10:38am Nov 28, 2011 10:38am
Quoting MaxDoom
Russ you say it is live but the links open up saying it is a demo account
I saw that too, but I think the message is posted by the website hosting the pictures - have another look to see what I mean
It takes a lot for me to IGNORE you, but you can try.
  • #800
  • Nov 28, 2011 10:50am Nov 28, 2011 10:50am
Russ trades live.

Im trying to recall which other thread has posts showing an ongoing live report..... most seem to run around the houses trying to avoid it, perhaps all threads should carry the op's live trades before being considered.
0 traders viewing now