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High Flying Trading (HFT) Method

  • #261
  • Feb 6, 2016 1:07pm Feb 6, 2016 1:07pm
A really practical and nice thread dear dreamliner, The things which you are explaining are the virtue of your solid trading experience and technical analysis. No doubt the dozen indicators and a long list of rules cannot improve the trading rather than to run through the simple and solid approach which you are explaining. I really appreciate your sharing on this forum and hope so you will further contribute and put your worthwhile experience with us. Hoping your next post coming soon.....anxious...
  • #262
  • Feb 6, 2016 1:10pm Feb 6, 2016 1:10pm
and hedging? For example using these factors: 1,1.5,1.2,1.7,2.2.

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  • #263
  • Feb 9, 2016 3:39am Feb 9, 2016 3:39am
Quoting krismitt
Quoting Dreamliner
Greetings all, now home from my long flight, and will post more of my method. Everybody always wants to know about ranging markets, how to handle the whipsaws, etc. This is good and right, for we are simply trying to minimize losses. Every business should do this. I have spent the last 10 years studying ways to minimize whipsaw. Ive read practically every thread on Forex Factory and have studied with mentors outside of Forex Factory, always seeking the illusive answer to minimizing losses during flat markets. I made it
...
Hi Krismitt, have you used standard settings for Ichimoku? Thank you.
'the quieter you become, the more you are able to hear' - Ram Dass
  • #264
  • Feb 9, 2016 4:45am Feb 9, 2016 4:45am
Some great work there Krismitt, spot on...
Ichimoku is a great tool for spotting trending markets.
Cheers Hugo
  • #265
  • Feb 9, 2016 5:25am Feb 9, 2016 5:25am
Quoting tombombadill
{quote}{quote} Hi Krismitt, have you used standard settings for Ichimoku? Thank you.
Yes, I use the default settings.
  • #266
  • Feb 9, 2016 5:30am Feb 9, 2016 5:30am
Quoting Hugo55
Some great work there Krismitt, spot on... Ichimoku is a great tool for spotting trending markets. Cheers Hugo
Agreed Hugo, less signals but potentially better ones.

Regards.
  • #267
  • Feb 9, 2016 8:55am Feb 9, 2016 8:55am
HI guys
Stick to the rules and eat the losses. Don't try and overthink this.
I have been trying this since early last week and thios is where I am AT THE MOMENT (I know things can change but give it a chance) I am using 0.1 position size with 23 trades open and watching 29 pairs
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Chris
  • #268
  • Feb 9, 2016 9:58am Feb 9, 2016 9:58am
Hi!

What money management are you using?
What is initial risk for the first trade and how do you calculate the size of next orders?
Dou you use a stop loss for added trades?

With regards,
SP
  • #269
  • Feb 9, 2016 10:07am Feb 9, 2016 10:07am
Quoting krismitt
{quote} Agreed Hugo, less signals but potentially better ones. Regards.
+1
Patience is best EA in Trading
  • #270
  • Feb 9, 2016 11:06am Feb 9, 2016 11:06am
great. is that figure your open p/l at the moment? what timeframe are you using h4 or daily?

Quoting cfudge
HI guys Stick to the rules and eat the losses. Don't try and overthink this. I have been trying this since early last week and thios is where I am AT THE MOMENT (I know things can change but give it a chance) I am using 0.1 position size with 23 trades open and watching 29 pairs {image} Chris
  • #271
  • Feb 9, 2016 11:59am Feb 9, 2016 11:59am
Quoting cfudge
HI guys Stick to the rules and eat the losses. Don't try and overthink this. I have been trying this since early last week and thios is where I am AT THE MOMENT (I know things can change but give it a chance) I am using 0.1 position size with 23 trades open and watching 29 pairs {image} Chris
Great to see your success.

A heartfelt "THANK YOU" to Dreamliner for sharing his system and insights as a full fledged Captain of "GREEN PIPS" airline.

I have also been trading it live since last Monday. I have been testing both the H4 time frame and the D1 time frame. I use a different trigger than the 34 SMA, but it is still a very simple trigger without any filters. To be honest, I have accidentally closed all the positions twice and started over anew after each time I closed the positions.

So far the D1 has been the most profitable, but one week does not a system make. Overall it has shown a good closed profit and a nice floating profit. At this time, all of my current open trades are free, SL at BE +2 pips.

As for initial SL I use the last swing high or low as the location for the initial SL for my initial primary trades. For any add on secondary trades, I also use the previous swing high/low as the initial SL. Once the market has moved in my favor 20 or 30 pips, I move my SL to BE +2 on my secondary trades. For the primary trades, I let the market move significantly in my favor, 100 to 200 pips, before I move my SL to BE +2. This reduces my market risk so that I am not continuing to add risk upon risk with every new day, and new trade.

I am never worried that the market will come and touch my SL and then turn and take off on me. There will always be another day, another pair, and another trend flight to catch. If I have done my ground work correctly, most of the initial risk/cost will be reduced to a minimum which allows me to buy more tickets on more flights. We never know which flight is the one that will take us to the warmth of the South Pacific islands or the beauty of the Swiss Alps because the destination is never printed on the ticket when we first buy it. We just buy as many tickets as we can on as many different flights, knowing that some will be cancelled due to weather, some will be cancelled due to major system failure, some will be delayed due to maintenance, some will take-off and have to return to the airport for repairs, some will take-off and then land at an airport in a city or country we really didn't want to visit, and then there will be those that we are upgraded to first class and take us to our desired destination. But remember, to get there we had to buy our ticket. Without a ticket we will never get to where we truly want to be.

Lets hear from more traders testing this system, live or demo. Any insights to help those that might be afraid to buy their own tickets will be well worth it.

May everyone enjoy a safe flight on their own "GREEN PIPS" airlines.
  • #272
  • Feb 9, 2016 1:18pm Feb 9, 2016 1:18pm
Great comments SmoothTrader. Dreamliner is on to something big. I read something years ago, that has been bouncing around in my head, and Dreamliner has crystallized it for me. To me, if you break it down this trading method is this simple. " keep buying until price stops going up, and keep selling until price stops going down, you are only going to wrong once "

Lets keep this thread going, especially for all the mechanical traders.
  • #273
  • Feb 9, 2016 1:58pm Feb 9, 2016 1:58pm
Quoting fiberman
Great comments SmoothTrader. Dreamliner is on to something big. I read something years ago, that has been bouncing around in my head, and Dreamliner has crystallized it for me. To me, if you break it down this trading method is this simple. " keep buying until price stops going up, and keep selling until price stops going down, you are only going to wrong once " Lets keep this thread going, especially for all the mechanical traders.
This method does truly embrace the KISS (Keep It Simple) method, and sometimes simple is better.

Hopefully, more will begin testing this method, and refining it to their own comfort levels and styles. Then in the spirit of Dreamliner they should share their results and findings. Just remember that Dreamliner gave us the fundamental truths (Thrust and Lift) and without them your plane will crash and burn. For our own comfort we add different paint, wider seats, taller cabin, better meals, etc in the form of filters, but that is secondary to the truths. It's like putting those different paints, wider seats, taller cabin, etc on the plane. It won't make it fly faster or higher, but it will look and feel better. Concentrate on the Truths and you will be safe.

GREEN pips to one and all and I hope that everyone enjoys their flight on "GREEN PIPS" airline.
  • #274
  • Feb 9, 2016 3:29pm Feb 9, 2016 3:29pm
Just testing and got the Margin Call..
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  • #275
  • Feb 9, 2016 4:02pm Feb 9, 2016 4:02pm
Quoting SuperPip
Just testing and got the Margin Call.. {image}
A couple of questions come to mind.

Why did you choose the 12 Hour time frame as opposed to a Daily or 4 Hour time frame?

Your chart is a good example of the reason why some traders only add a secondary position if the price is below the last order taken (for sales) or above the last order taken (for buys). This would have eliminated all but 4 of the sales, and reduced your risk a great deal.

Dreamliner advocates moving your SL on secondary trades to BE as soon as possible. All but the last of the 4 trades had ample opportunity to have their SL's moved to BE thus protecting your capital reserves.

You said that you hit a Margin Call which indicates that your position sizing was way too aggressive. This is not a Moon Shot get rich quick method so conservative position sizing is called for.

Keep picking out different periods to test and refine your rules, and see how the results come out.

GREEN pips to you Good Sir.
  • #276
  • Feb 9, 2016 4:14pm Feb 9, 2016 4:14pm
Hi all
I am using the daily chart only.
Yes that was the current open P/L when posted.
What I was thinking of implementing and have started today doing, is closing half the trade at 1000 points (100 pips).
I have a stop on the first trade only at a safe level but haven't been placing stops on secondary trades. I think what I may do is if trend starts getting extended maybe setting BE to all trades. I have put a PSAR on the charts and am looking to see if it would work to stop placing trades or closing all trades if price starts hitting the dots. Then if the trend continues take more secondary trades.

Chris
  • #277
  • Edited 4:35pm Feb 9, 2016 4:16pm | Edited 4:35pm
im amazed !

to be honest, i've been reading this thread silently from the beginning and i logged in just to THANK Dreamliner for such a GOOD THREAD !

i started to make an EA based on this method

and this is the results so far


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and yea .... once i finish the EA , i will share it here in this thread , so keep your eyes open ! <3

Note : you don't have to worry about win/lose ratio. because we keep losses small , and let profits run + multiply them !
Think Twice , Code Once.
  • #278
  • Edited 4:36pm Feb 9, 2016 4:22pm | Edited 4:36pm
Quoting SuperPip
Just testing and got the Margin Call.. {image}
to avoid margin calls , set a "max trades" if you're using an EA , otherwise i suggest you to make bigger deposit and lot size of 0.01
Think Twice , Code Once.
  • #279
  • Feb 9, 2016 4:23pm Feb 9, 2016 4:23pm
Quoting cfudge
Hi all I am using the daily chart only. Yes that was the current open P/L when posted. What I was thinking of implementing and have started today doing, is closing half the trade at 1000 points (100 pips). I have a stop on the first trade only at a safe level but haven't been placing stops on secondary trades. I think what I may do is if trend starts getting extended maybe setting BE to all trades. I have put a PSAR on the charts and am looking to see if it would work to stop placing trades or closing all trades if price starts hitting the dots....
Keep us updated on your findings, and Thank You for sharing your results and your thoughts.

GREEN pips to you Good Sir, and may your flights on "GREEN PIPS" airlines be turbulence free.
  • #280
  • Feb 9, 2016 4:27pm Feb 9, 2016 4:27pm
Call me crazy but, What do yo guys think about using the system to scalp the M1 charts?
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