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Pit bull trading strategy by brijon

  • #861
  • Jan 4, 2012 2:30am Jan 4, 2012 2:30am
Quoting oconnor365
Hi Courtney..

A little earlier in the thread you said you were going to hedge your biggest drawdowns with a .5 opposite trade.... have you given up on this and just closing the drawdown now at $200 ?
Hi Oconnor.

Havn't given up on the hedging but am now also trying using $200 as my limit before I cut it.
  • #862
  • Jan 4, 2012 2:31am Jan 4, 2012 2:31am
Chips has started a new thread on pitbull in the systems forum.
  • #863
  • Jan 4, 2012 7:44am Jan 4, 2012 7:44am
Hi lads...placed a basket last night.. came back 2 hrs later and they had settled into sell and buy sets...placed a .50 on a sell of the lowest..(A/J) and in most profit...bed time so just left it.... 6 hrs later got up...200$ in profit...neat and clean
...now to practice , practice , practice

Thanks boys
  • #864
  • Jan 4, 2012 11:19pm Jan 4, 2012 11:19pm
sorry for asking a newbie question, when hedging, am i suppose to get in the opposite direction the same lot size or more?
  • #865
  • Jan 5, 2012 9:01pm Jan 5, 2012 9:01pm
@leezeewee
The system per se does not encourage hedging.... Cut your losses short, ie. if the basket and your additional trades go against you, close it... Set a maximum loss (for example 2%, depending on your risk appetite) and close everything when the amount is reached, then open a new basket and wait for it to settle. It also pays in the long run, if you take note of basket reversals, they tend to appear at similar times during the day / week...

Just my 2 cents
  • #866
  • Jan 23, 2012 10:44am Jan 23, 2012 10:44am
Quoting leezeewee
sorry for asking a newbie question, when hedging, am i suppose to get in the opposite direction the same lot size or more?

If you want your hedge to be neutral (0) you would use sizes that will create an equal heddge, and there you just need to divide the lot cost to a base currency like USD, but it doesnt really matter since if you use .01 or .10 you will be close enough. The hedge basket gives you an indicator that shows the currency strength/force, and you will notice that the slight price difference will not be that important.

Take a look at http://kreslik.com/forums/viewtopic.php?t=307&highlight=fpi to get an idea about neutral hedging, and I would recomend this book: http://www.amazon.com/s/ref=nb_sb_noss?url=search-alias%3Daps&field-keywords=the+handbook+of+pairs+trading ( The handbook of pairs trading ). It will explain a lot about market neutral strategies and pairs trading.
  • #867
  • Jan 23, 2012 9:45pm Jan 23, 2012 9:45pm
@ ALL THE MUPPETS FOLLOWING A BANNED MEMBERS THREAD IN THE RUBBISH BIN. (SORRY FOR CAPS)
The best indicator is price.
  • #868
  • Jan 24, 2012 8:54am Jan 24, 2012 8:54am
Quoting zamanib
Your are right to call it pitbull for dummies
the most dumb and stupid way to trade i ever seen on ff
Has anyone seen this dumb jerk's latest thread? In the Commercial forum.
The dream will never die
  • #869
  • Feb 9, 2012 3:21am Feb 9, 2012 3:21am
Quoting courtneywild
Keep it going please.

I'm still doing pretty good with this system and have been working with it for a couple of months.

 

  1. I open 10 basket at 0.01

  1. Wait min 1 hour

  1. Trade only bottom two places.

  1. First trade placed at 0.05
  2. If move into stready profit enter another trade at 0.50.
  3. Stop set at 200 for disaster protection only.

  1. If a trade (.05 or .50) enters drawdown I close it at -$200

[list][*]I do not overtrade and add more than 4 trades to the basket...

So can you clarify for me? I don't understand why you place 0.05 and 0.5 lot size? For example, you have the bottom 2 places, which pair do you trade 0.05 and 0.5?

And when you say you set the stop loss at $200, is this per trade? Or overall P/L for the whole basket?
  • #870
  • Feb 18, 2012 11:19am Feb 18, 2012 11:19am
http://www.forexfactory.com/showthread.php?p=5397427#post5397427
  • #871
  • Feb 18, 2012 2:57pm Feb 18, 2012 2:57pm
Quoting bgbearnavy
http://www.forexfactory.com/showthread.php?p=5397427#post5397427
so why is this thread in the recycle bin?
  • #872
  • Feb 19, 2012 4:18am Feb 19, 2012 4:18am
Quoting gordonfx
so why is this thread in the recycle bin?
Because this Brijon's way of trading, if properly adopted, is just too profitable. FF sponsors don't like that.
  • #873
  • Feb 15, 2013 11:36pm Feb 15, 2013 11:36pm
Quoting piksy
Because this Brijon's way of trading, if properly adopted, is just too profitable. FF sponsors don't like that.

and yet they keep the indi's and EA
  • #874
  • Dec 10, 2013 1:16pm Dec 10, 2013 1:16pm
Quoting ClarkFX
Hey guys, Tried trading like this last night with 0.1 and 0.4 lot sizes on my account, and managed to grab about 1.8% ROI last night. Just wondering what you guys are averaging, so I can gauge how well I'm doing? The main problem, I feel as most of you are having is avoiding a large DD which I am still in the midst of understanding. So what techniques are you guys doing to reduce DD? If it wasn't for DD I would have gotten 2.5% instead. It'd be much appreciated. Regards, Clark
Hello Clarkfx

Do you find some EA that working good?
Can you tell us?

Thanks
Best Regards
  • #875
  • May 11, 2014 2:27am May 11, 2014 2:27am
1 problem with this method ..is

1. Cutting your winner short (Take profit)

and

2, Letting your loser runs ( didn't do anything)


Sonic
  • #876
  • May 16, 2014 10:49pm May 16, 2014 10:49pm
Quoting sonicdeejay
1 problem with this method ..is 1. Cutting your winner short (Take profit) and 2, Letting your loser runs ( didn't do anything) Sonic

U mean like your system? you didnt let losers just run, average down too..
  • #877
  • Dec 21, 2014 1:04am Dec 21, 2014 1:04am
Anyone knows how to contact bijon?
  • #878
  • Dec 21, 2014 3:42pm Dec 21, 2014 3:42pm
WHY WHY WHY
Attached Image (click to enlarge)
Click to Enlarge Name: nevertheless-the-spirit-said-no_o_2167637.jpg Size: 183 KB
It takes a lot for me to IGNORE you, but you can try.
  • #879
  • Jan 1, 2016 12:53pm Jan 1, 2016 12:53pm
You guys trashed this unnecessarily, it took me a month and a half and five blown demos to sort rectify the only fault,DD when you want to close a winning basket,it involved predetermining the no of opposing lots to take on jpy/USD without getting a margin call,can take up to 3 separate trades
  • #880
  • Aug 30, 2017 1:40pm Aug 30, 2017 1:40pm
god bless you brijon

i do know if he is still alive or died as he was 66 when he made these strong films and training the traders on equity control and DD managment
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
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