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High Flying Trading (HFT) Method

  • #221
  • Feb 3, 2016 8:54am Feb 3, 2016 8:54am
Quoting Don M
... The problem here is adding on positions well into the trend. If he had gone all in at the start he would have netted 375 pips or 37 per day. You need to front end load your trades if you split them, maybe wait for a pull back and a bullish candle or enter the second and third at 30 and 60 pips profit.....
The difficulty with your method is that it will break rule # 1....Keep Losses Small, unless you pick the exact right candle to initiate your trend trade with and if you can do that consistently, you definitely don't need this system.

GREEN pips to you.
  • #222
  • Feb 3, 2016 9:00am Feb 3, 2016 9:00am
Subscibed... I hope I will learn more from you guys!!
I Win, I Lose, It's my Job... And I Love it!
  • #223
  • Feb 3, 2016 9:13am Feb 3, 2016 9:13am
Quoting Don M
http://www.forexfactory.com/attachme...1&d=1454230520 Has anyone bothered to do the math yet? If not you are kidding yourself. This run up netted 1050 pips for a 375 pip move. Since the OP must have split his capital in 20 to ride this move the 1050 equals 52 pips if all in. That's just 5 pips a day for an average trend move! Since there will be more ranging days than big move days you should expect to make less on average than 5 pips a day! The problem here is adding on positions well into the trend....
Betting the whole position on the first trade will lead to huge losses as the system doesn't know if this will be the start of a good trend or just a false signal. You can do that with other precise entry systems with minimum stop loss, as in this thread : Very small stops by tunera

Splitting the position into smaller amounts, and risking only a small portion on the first trade is favored for this system, until the trend proves it self, then add on retraces.

As I mentioned in an earlier post, this is one of the best ways to make money in forex. This is a recent thread utilizing a similar method, although it has premature exits IMO. 2MAs, 1 RSI by Sis.yphus
No guts, no glory
  • #224
  • Edited 11:24am Feb 3, 2016 10:52am | Edited 11:24am
Quoting Don M
http://www.forexfactory.com/attachme...1&d=1454230520 Has anyone bothered to do the math yet? If not you are kidding yourself. This run up netted 1050 pips for a 375 pip move. Since the OP must have split his capital in 20 to ride this move the 1050 equals 52 pips if all in. That's just 5 pips a day for an average trend move! Since there will be more ranging days than big move days you should expect to make less on average than 5 pips a day! The problem here is adding on positions well into the trend....

Hmmm, this might cheer you up - I have attempted backtest manually on GU daily chart since that is the timeframe Dreamliner mainly aluded entries to catch the trend, few whipsaw trades then finally caught the trend, tripled the account profit in 2 months.
Attached Image(s) (click to enlarge)
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  • #225
  • Feb 3, 2016 11:11am Feb 3, 2016 11:11am
Hi Dreamliner,

I have taken the daily trade with USD CAD, with first add on trade yesterday- please comment with any experience.
Attached Image
  • #226
  • Feb 3, 2016 11:29am Feb 3, 2016 11:29am
Hi Alamhakim,

If you have shorted below your trend indicating moving average it is alright. Additional confirmations are shorting is in line with the trend (down Trend), Price Action is a very good engulfing pattern and last three candles forms abc formation downwards.

If you have shorted you should be in profit unless there was something drastic happened in the market.

I hope this will help.
  • #227
  • Feb 3, 2016 1:22pm Feb 3, 2016 1:22pm
Quoting fxchum
Hi Alamhakim, If you have shorted below your trend indicating moving average it is alright. Additional confirmations are shorting is in line with the trend (down Trend), Price Action is a very good engulfing pattern and last three candles forms abc formation downwards. If you have shorted you should be in profit unless there was something drastic happened in the market. I hope this will help.
Thanks for that, hope can get boring flight with no drama.
  • #228
  • Feb 3, 2016 1:39pm Feb 3, 2016 1:39pm
NOW EVERY ONE HAVE A PLANE. GREETINGS CAPTAINS
  • #229
  • Feb 3, 2016 2:16pm Feb 3, 2016 2:16pm
Quoting Alamhakim
{quote} Hmmm, this might cheer you up - I have attempted backtest manually on GU daily chart since that is the timeframe Dreamliner mainly aluded entries to catch the trend, few whipsaw trades then finally caught the trend, tripled the account profit in 2 months. {image} {image}
Hi Alamhakim,

No offense but regarding your backtest of G/U daily that is a huge trend of 1100 pips in a month. You should still be in the trade as per the rules and 5 of the 8 trades are underwater. Like I said before the problem is you keep adding when the trend is finished.

Seriously if it doesn't make money in a trend when will it?
Enter Signature
  • #230
  • Feb 3, 2016 2:19pm Feb 3, 2016 2:19pm
Quoting Alamhakim
Hi Dreamliner, I have taken the daily trade with USD CAD, with first add on trade yesterday- please comment with any experience. {image}
Aren't you supposed to not add-on at the same price or higher??
  • #231
  • Feb 3, 2016 2:28pm Feb 3, 2016 2:28pm
Quoting Don M
{quote} Hi Alamhakim, No offense but regarding your backtest of G/U daily that is a huge trend of 1100 pips in a month. You should still be in the trade as per the rules and 5 of the 8 trades are underwater. Like I said before the problem is you keep adding when the trend is finished. Seriously if it doesn't make money in a trend when will it?
I think would be out of trade end of today as crossing back ma. Still in large profit? Show me as I may be misunderstanding otherwise.
  • #232
  • Feb 3, 2016 2:29pm Feb 3, 2016 2:29pm
Quoting Lyall
{quote} Aren't you supposed to not add-on at the same price or higher??
Excellent point, we need some clarification from Dreamliner?
  • #233
  • Feb 3, 2016 2:31pm Feb 3, 2016 2:31pm
Quoting Alamhakim
{quote} Excellent point, we need some clarification from Dreamliner?
I knew I had seen it somewhere.
Read through the whole thread and it wasn't Dreamliner that said that - it was Abokwaik - post 181.
Nevertheless I think it's a good rule. Wait till the trend gets going before you re-enter.
  • #234
  • Feb 3, 2016 3:43pm Feb 3, 2016 3:43pm
To make life a little easier for everyone interested in Dreamliner's HFT Method, I have put his explanation, so far, into a pdf, so that it is easy to read.

Remember that the 34 SMA that everyone is fixated on is merely a suggestion by Dreamliner. He clearly states that whatever method you find comfortable with that determines a trend is what you should use. If you don't like the 34 SMA, you are free to try something else. Find what is comfortable for you and your style of trading. I personally use a different trend finding method, and it works just fine for me.

Also remember that there will be losses. In fact there will probably be many times more losses than winners, but rule # 1 "Keep the loses small" is so important. Call it the cost of doing business. Now the winners will be less frequent, but rule # 2 "Let your profits grow and multiply" will ensure that they should be magnitudes of 10, 20, 50, or even 100 times bigger than the losses. This is the income for your business.

Just like the major airlines do not fly just ONE kind of plane (except for SouthWest), you should not pick just one pair to trade. If you knew for certain exactly which pair was going to trend and when, you would be a billionaire by now. Since you are not a billionaire, pick multiple pairs to follow and trade. We don't know for certain which pair is starting a trend. Remember the losses will be small, but the profits will be large.

Then there are those that either hate to fly or are afraid to fly. No one is forcing you to fly. Yes planes crash and people die, but statistically it is very safe. Don't call those that choose to fly crazy or dumb for getting on the plane. It's our choice, right or wrong. This goes back to one of Dreamliner's first rules for the thread...RESPECT those that participate in the discussion.

GREEN pips to one and all, and may your flight take you and your family to exactly where you want to go.



Attached File(s)
File Type: pdf Dreamliner HFT Method.pdf   709 KB | 3,725 downloads
  • #235
  • Feb 3, 2016 3:51pm Feb 3, 2016 3:51pm
Quoting SmoothTrader
To make life a little easier for everyone interested in Dreamliner's HFT Method, I have put his explanation, so far, into a pdf, so that it is easy to read. Remember that the 34 SMA that everyone is fixated on is merely a suggestion by Dreamliner. He clearly states that whatever method you find comfortable with that determines a trend is what you should use. If you don't like the 34 SMA, you are free to try something else. Find what is comfortable for you and your style of trading. I personally use a different trend finding method, and it works...
Thank you
  • #236
  • Feb 3, 2016 9:32pm Feb 3, 2016 9:32pm
Nice thread..simple and straight forward. Many will come up with some filters so they won't get whipsawed or need to enter every candle in the opposite direction of the trend. I know I have a few ideas already but won't say much on the subject until I can test them out.

All in all a good starting point for a longer time frame method.
  • #237
  • Feb 3, 2016 10:07pm Feb 3, 2016 10:07pm
Quoting abokwaik
{quote} Betting the whole position on the first trade will lead to huge losses as the system doesn't know if this will be the start of a good trend or just a false signal. You can do that with other precise entry systems with minimum stop loss, as in this thread : Very small stops by tunera Splitting the position into smaller amounts, and risking only a small portion on the first trade is favored for this system, until the trend proves...
Hi AbokWaik,

What you say is correct, but only half of the story. In the same way that the system does not know when a good trend is developing and it is preferable (if possible) not to put all your eggs in the same basket, it does not know when a developed trend is reversing and all your eggs are in the same basket.
  • #238
  • Feb 4, 2016 12:43am Feb 4, 2016 12:43am
Quoting mbes
{quote} Hi AbokWaik, What you say is correct, but only half of the story. In the same way that the system does not know when a good trend is developing and it is preferable (if possible) not to put all your eggs in the same basket, it does not know when a developed trend is reversing and all your eggs are in the same basket.
I agree. I already have ways to handle stacked positions near trend end, but I don't want to deviate much from dreamliner's method. Its his thread after all.
No guts, no glory
  • #239
  • Feb 4, 2016 1:13am Feb 4, 2016 1:13am
any one coorerct this ea . logic is place lot mannully . and close all with this ea. but this ea did not work
Attached File(s)
File Type: mq4 MA_Close.mq4   3 KB | 402 downloads
  • #240
  • Feb 4, 2016 6:20am Feb 4, 2016 6:20am
one thing if there is massive spike then buying or selling pullback may be dangerous.
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