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PTT Method (Profitable Trend Trading) in Forex

  • #581
  • Jul 30, 2012 8:59am Jul 30, 2012 8:59am
Well my EURUSD trade did well last weekend and closed with +75 pips, now I'm up about 125 pips on NZDUSD...but I've also had quite a few losers so at the moment I'm just breaking even...waiting for a big winner.

Anyway I had another question...if you have a winning trade and then the price pulls back into the range of the IB do you keep trading it or do you sit back and wait for another IB to form?
  • #582
  • Aug 1, 2012 1:44am Aug 1, 2012 1:44am
Hi Shannon,

First off, wanted to share that my record so far in my PTT trading this time around is 19/41 (winners out of total completed trades).. less than 50%. My point is that PTT has a favorable expectancy so a few wins will more that make up for a bunch of losers. I actually use a trail of 40 pips, so I'm sure that doing so messes with the ratio compared to trading true PTT style. I like the almost 50% win:loss so don't mind giving up some pips. PTT should yield a nice 10:1 win ration(in pips), but that also comes with a much lower trade win:loss.

As for your second question.. according to Kelvin's original PTT rules, once a pending order is triggered a trade, that's it for that pair UNTIL a new IB forms. To me it's about exposure, too. U don't want to throw all your margin into any 1 trade, and we're not eager to make trades. If a trade is going good and then dips back into a IB zone, just wait for the trade to start moving in the right way again.. that is unless u have reason to believe the trend.. etc. it's up to your trading style..
  • #583
  • Aug 8, 2012 8:56am Aug 8, 2012 8:56am
Hello All (Alto & Shannon),

I've been a lurker on these forums for quite some time and don't ever really chime in but liked this thread so much I decided to jump in. I am a big advocate of trend following after going through many different strategies and losing most of my trading career if you could call it that. I lost about 80% of my account equity before TF and then made it all back with very little stress. I trade a strategy very similar to this but on a weekly and monthly time frame. It is is very slow and boring; not sexy, not hip. But trading should be like a business and TF strategies like this (systematic and mechanical) are designed to profit in the long run.

I don't believe there is one "true" method of trading that everyone must follow in order to make money. What works for some might not work for someone else. TF works for me and I feel comfortable with it. Some of the greatest traders you never hear of are trend followers. Think Jesse Livermore of "Reminiscenses of a Stock Operator" and John W. Henry who now owns the Boston Red Sox. Anyways, I adopted the inside bar entry method for my trading and will be following and chiming in here and there. Too bad Kelvin doesn't chime in anymore, he had such good grammar and a good way of explaining. Good luck and happy pipping!

Slik
  • #584
  • Aug 15, 2012 4:10pm Aug 15, 2012 4:10pm
Slik,

Thanks for your post. I like testimony like that. Yeah, PTT sure is being pretty slow and boring right now.. It usually takes 2-3 week before u can catch a good move that pushes the balance up overall. I am having a good run with usdcad right now and it even better bcuz I have my very first add-on trade going. We'll see if it can make up for the slew of small losers recently.

alto
  • #585
  • Aug 20, 2012 5:44pm Aug 20, 2012 5:44pm
Alto,
This is my very first post. I looked thru this thread on the past few days. I like what I see. Tell me how you have done up to date following this strategy. I just put in 4 orders and will follow this strategy on my demo account. I will keep you posted.
  • #586
  • Aug 23, 2012 5:43pm Aug 23, 2012 5:43pm
Hello blazer,

welcome! good to have more ppl on this good thread. well, right now I am in some DD, but I try not to worry about that and just look at results when my balance increases. I can tell u that ptt is not flashy or high profit/trades per second kind of trading.. ie. i got 1 open trade right now (usdcad sell). I think ptt takes some patience to trade and there are times when the winning trades do come faster, but mostly it's lots of small losses and just 1-2 winners. good luck to u and do demo until u feel comfortable with this.

alto
  • #587
  • Jan 21, 2013 3:49am Jan 21, 2013 3:49am
Hi all,

I know this thread is all but dead, but I'm still trading PTT and I still think it is a good, stable, and very very slow method. I wanted to get 100 closed trades in so I could report some real resuts. I had 52 wins out of 100 trades.. actually, this is a surprise since I only expected around 30% wins.

I also only trade 7 pairs (eu,gu,uj, uchf, au, ucad, ej) so if more pairs were traded, it might not take so long to reach 100 trades. I'm trading D1 TF so maybe that could also be lowered? Anyway, I only traded 1 micro lot at a time and with that I had 2.04% max DD. I will consider increasing my lotsize since this is just a fun account and I think PTT could handle some more risk.

Oh, and probably most important is that after all the wins and losses, I pulled out $70 profit (had about $90, but want to leave some in) from my $400 start.
  • #588
  • Jan 21, 2013 4:05am Jan 21, 2013 4:05am
Quoting alto
Hi all,

I know this thread is all but dead, but I'm still trading PTT and I still think it is a good, stable, and very very slow method. I wanted to get 100 closed trades in so I could report some real resuts. I had 52 wins out of 100 trades.. actually, this is a surprise since I only expected around 30% wins.

I also only trade 7 pairs (eu,gu,uj, uchf, au, ucad, ej) so if more pairs were traded, it might not take so long to reach 100 trades. I'm trading D1 TF so maybe that could also be lowered? Anyway, I only traded 1 micro lot at a time and...
Yes unfortunately there are many dead threads with actually georgous systems - mostly D1, which most consider too slow for getting rich quickly.

What was your max trade size (1 microlot) as a percentage of your capital?

Thanks for the update
  • #589
  • Jan 21, 2013 6:31am Jan 21, 2013 6:31am
Quoting alto
Hi all,

I know this thread is all but dead, but I'm still trading PTT and I still think it is a good, stable, and very very slow method. I wanted to get 100 closed trades in so I could report some real resuts. I had 52 wins out of 100 trades.. actually, this is a surprise since I only expected around 30% wins.

I also only trade 7 pairs (eu,gu,uj, uchf, au, ucad, ej) so if more pairs were traded, it might not take so long to reach 100 trades. I'm trading D1 TF so maybe that could also be lowered? Anyway, I only traded 1 micro lot at a time...
Thanks for providing the statistics.
Few more clarifications, if you don't mind;

When did you start and how long it took to get 100 trades?
Did you add on to winning positions?
By micro lot you mean 10cents / pip?
Did you trail on daily low as Kelvin outlined?

Thanks in advance

TS
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #590
  • Jan 21, 2013 2:42pm Jan 21, 2013 2:42pm
Wow.. 2 responses already.. that's hyper activity for this thread! ok, let me answer the Q's..

@ Forex37, I used a SL of 30 pips for all my trades, the amount varies a little depending on the pair, but always about $3 and less than 1% risk per trade. The most open trades was 5 and it was usually only 1 or 2.

@ TradeStar, I started trading on 6/3/2012. The plan was to add-on, but I only actually did that once. I think this is due to me NOT following the daily low trail as laid out by Kelvin, instead I used a EA to manage my TS and TP.. I used a TS of 40 (not exactly a lot of room to run) cuz I wanted to quicker, consistent trades. I also had a global equity TP set at $50, but that only hit once.
  • #591
  • Jan 21, 2013 8:28pm Jan 21, 2013 8:28pm
Quoting alto
Wow.. 2 responses already.. that's hyper activity for this thread! ok, let me answer the Q's..

@ Forex37, I used a SL of 30 pips for all my trades, the amount varies a little depending on the pair, but always about $3 and less than 1% risk per trade. The most open trades was 5 and it was usually only 1 or 2.

@ TradeStar, I started trading on 6/3/2012. The plan was to add-on, but I only actually did that once. I think this is due to me NOT following the daily low trail as laid out by Kelvin, instead I used a EA to manage my TS and TP.. I used...
Is it June 3rd or March 6th?

Thanks
TS
Haste not to Enter AND Haste not to Exit !-TradeStar
  • #592
  • Edited 1:29am Jan 22, 2013 1:00am | Edited 1:29am
Quoting TradeStar
Is it June 3rd or March 6th?

Thanks
TS
June 3

I forgot to say.. with this method it is slow going for a long time, with no real activity or a number of small losers, and then, after a few months, u catch a real good run that makes all the profit.. In all my 100 trades, i had only 3 times when the account made a new high balance (I mean, a significant high, not just $1-2).. so it's many little steps back and a few big steps forward.

update: I just went over my account history and figured out that I forgot to add in the fee's and commish that I paid for my trades (I use mbt and there are alot of little fee's, and it adds up) anyway, it came to $12 in commish and they did some other adjust stuff that I don't understand. So the new real world profit I got is $58 on my $400 opening balance. That comes to 14% ROI. Now that I have more faith in the method I can increase the lotsize per trade and the max DD should still remain very low. Still a annual ROI of 20% is the goal for me so PTT is working out.
  • #593
  • Jan 25, 2013 3:24pm Jan 25, 2013 3:24pm
Hi all,

Looks like I picked a good time to increase my lotsize. (doubled it) uj has been on a good run and I caught 164 pips of it yesterday. gu also had a small win. End result is I'm up $40, which is a good gain on my small account. There is also some open trades in profit now.. always nice to have free trades going.
Attached Image (click to enlarge)
Click to Enlarge Name: trades.gif Size: 8 KB
  • #594
  • Jan 27, 2013 10:41am Jan 27, 2013 10:41am
Hi Alto - good to hear that you are having success with this method. With the 14% ROI you achieved during the 6 months since you started, what currency pairs were you trading?
  • #595
  • Jan 27, 2013 4:48pm Jan 27, 2013 4:48pm
.Actually I just now see that you mentioned above that you traded this on 7 different pairs. Good job on this, Alto!!
  • #596
  • Jan 27, 2013 4:56pm Jan 27, 2013 4:56pm
outside bars are far more profitable than inside bars for these kind of trades... entries near the ma after a retrace is best... 2 or 3 retrace bars the same colour then a change is also a good signal
tradewith60
  • #597
  • Feb 23, 2013 5:54am Feb 23, 2013 5:54am
Hi Kelvin, thank for your system! Is a trading bomb!

I have only a question, in the JPY crosses how much is the stop?? 30 pips like the other?
I made this question because 1 pip for usd/jpy or eur/jpy is the secon figure after the comma.

Thank in advance

Quoting KelvinM
Thank you Hollandpippin, will hopefully have the second post available later today.

All the best to you...
  • #598
  • Mar 8, 2013 11:34am Mar 8, 2013 11:34am
Any one trade this system at this time?
  • #599
  • Mar 8, 2013 10:46pm Mar 8, 2013 10:46pm
Quoting BlackShark
Any one trade this system at this time?
Hi BlackShark,

Yes, I am trading this in Forex, and it is working well...but then again, the markets have been trending the past few months. I am also looking at trading this in the US Options market, as there are more assets to trade, and as long as one is buying puts, and buying calls, then they dont need a Stop Loss at all, believe it or not. Only thing though, is that Options have expiration and time decay, so I am not sure it will work in that market, but I am experimenting with it there. I would have to say that it works during trending markets, but not so much during ranging markets (especially during US summer months).
  • #600
  • Mar 10, 2013 8:42am Mar 10, 2013 8:42am
Quoting SmartGXL
Hi BlackShark,

Yes, I am trading this in Forex, and it is working well...but then again, the markets have been trending the past few months. I am also looking at trading this in the US Options market, as there are more assets to trade, and as long as one is buying puts, and buying calls, then they dont need a Stop Loss at all, believe it or not. Only thing though, is that Options have expiration and time decay, so I am not sure it will work in that market, but I am experimenting with it there. I would have to say that it works during trending...
You use a fixed stoploss of 30 pip even on x/jpy crosses?
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