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High Flying Trading (HFT) Method

  • #281
  • Feb 9, 2016 4:36pm Feb 9, 2016 4:36pm
Quoting NotMe
Call me crazy but, What do yo guys think about using the system to scalp the M1 charts?
Now you're talking my kinda language.....

trends setup all day and every day on 1 minute charts so why not trade them the same way???

Especially markets like the Dow or the Dax which move 300 pips per day, they quite simply have to trend to move that far in one day...

Tough thing to do though.....as with all trend trading, so many false starts to suffer before you catch one...
Feel the Fear and do it anyway!!!
  • #282
  • Feb 9, 2016 4:48pm Feb 9, 2016 4:48pm
piece of Art !

this reminds me of laser beams sings

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Think Twice , Code Once.
  • #283
  • Feb 9, 2016 4:55pm Feb 9, 2016 4:55pm
Quoting clivepackham
{quote} Now you're talking my kinda language..... trends setup all day and every day on 1 minute charts so why not trade them the same way??? Especially markets like the Dow or the Dax which move 300 pips per day, they quite simply have to trend to move that far in one day... Tough thing to do though.....as with all trend trading, so many false starts to suffer before you catch one...
hi. with markets like Dow Or Dax you need at least 1 standard Lot to be able to trade , in this case you will need like 500,000 USD in order to avoid margin call in this strategy
Think Twice , Code Once.
  • #284
  • Feb 9, 2016 4:55pm Feb 9, 2016 4:55pm
If I may suggest. For smaller TF, look for regular cyclic volatility pair like this one on 30 min and wait for values to increase (blue zones).

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Then switch to 5 min chart and most of the time, there will be a trending period suitable for this strategy.

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  • #285
  • Feb 9, 2016 5:00pm Feb 9, 2016 5:00pm
Quote
Call me crazy but, What do yo guys think about using the system to scalp the M1 charts?

This method works on every time frame.
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  • #286
  • Feb 9, 2016 5:11pm Feb 9, 2016 5:11pm
here's the same test but on H1 Chart

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CRAZY Charts ! salute to Dreamliner !!
Think Twice , Code Once.
  • #287
  • Feb 9, 2016 5:27pm Feb 9, 2016 5:27pm
Quoting clivepackham
{quote} Now you're talking my kinda language..... trends setup all day and every day on 1 minute charts so why not trade them the same way??? Especially markets like the Dow or the Dax which move 300 pips per day, they quite simply have to trend to move that far in one day... Tough thing to do though.....as with all trend trading, so many false starts to suffer before you catch one...
Clive, I feel happy that you quote my reply lol (you are like a mentor or something) , i have been with your ABCD system and DAX group for like 4 months now (cuz it works) but i think this system can generate more profit in shorter time so i am giving it my time now.

Here is an example of a M1 Trade.
105 Pips in 20 minutes "Edit : (20 Pips Range)

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- There is a problem, there are a lot wrong entries which cost a lot of pips also, the idea is if we will scalp we need Safe entries,
any one has an idea share it please.
- I didn't wait for the 34 SMA cross, some times those final entries under it make me lose
- I tried 3 different Order Managers to close all the trades but all of them don't close all orders at once, it close one by one i hate that because it makes me lose pips, is there a solution for that or that is normal?
- About safe entries , i used ADX to trade only if it's above 25, but made me miss the bigger trends. A LOT.
- Thank you Dreamliner for the great idea.
  • #288
  • Feb 9, 2016 6:02pm Feb 9, 2016 6:02pm
Very interesting strategy Dreamliner!! Thanks for sharing, am continuing to follow with great interest .
  • #289
  • Feb 9, 2016 6:44pm Feb 9, 2016 6:44pm
Anyone have much success trading 5M or 15M using this strategy? If so, can anyone chime in on key points in terms of what price action criteria I should look for to make an entry? (Other than having price crossover 34 SSMA, of course!)
L.S./M.F.T.
  • #290
  • Feb 9, 2016 7:05pm Feb 9, 2016 7:05pm
Quoting NotMe
{quote} Clive, I feel happy that you quote my reply lol (you are like a mentor or something) , i have been with your ABCD system and DAX group for like 4 months now (cuz it works) but i think this system can generate more profit in shorter time so i am giving it my time now. Here is an example of a M1 Trade. 105 Pips in 20 minutes "Edit : (20 Pips Range) {image} - There is a problem, there are a lot wrong entries which cost a lot of pips also, the idea is if we will scalp we need Safe entries, any one has an idea share it please. - I didn't wait...
I'll try to run through your points one at a time.

There will always be bad entries that result in losses, but we want to keep those loses as small as possible. How were you placing your stops? What did you do when the candle closed on the opposite side of the MA? This is just one possible order entry trigger method, have you thought about others? I personally use something other than the SMA.

Have you thought of only entering new orders if they are lower than the last entry (for sales) or above the last entry (for buys)? This would reduce some of your losses.

Unfortunately there is no way to close all trades at once. EA's work through the closing process one trade at a time, so there will be some slippage. Sometimes it's positive and sometimes it's negative.

When focusing on safer entries DON'T focus on the good trades you missed, focus on the bad trades it saved you from because that is its purpose. It is nearly impossible to find a system that will reduce the bad trades while giving you all the positive trades.

GREEN pips to you Good Sir.

Hopefully my questions and observations will help you to refine your trading method to something that is more comfortable for you.
  • #291
  • Feb 9, 2016 7:12pm Feb 9, 2016 7:12pm
Quoting tarwada
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 {image} 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 !
Like!.

Waiting.....
  • #292
  • Feb 9, 2016 7:49pm Feb 9, 2016 7:49pm
Quoting Lsmft
Anyone have much success trading 5M or 15M using this strategy? If so, can anyone chime in on key points in terms of what price action criteria I should look for to make an entry? (Other than having price crossover 34 SSMA, of course!)
ive 'half' tested this out the biggest issue is the false entries.

EURNZD
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another example.

GBPAUD
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- notice the sharp pull backs?
- heavy ranging period
- less possible re-entries
- more noise..

Loads of small loss trades and short might create some issues..

There is a way to trade it on the 15M but some of the rules have to change to make it work... and then IMO it becomes a different system.

JM2CW
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  • #293
  • Feb 9, 2016 8:05pm Feb 9, 2016 8:05pm
Here is what we all need to remember. I will start placing BE stops on secondary trades as the trend extends itself. But probably not on the firs several secondary trades.
HER IS THE QUOTE FROM DREAMLINER;




My subsequent entries, however, have no initial stop loss (if uncomfortable with this, you can always place a stop), and will be closed upon either of two conditions being met:

 

  1. First, if the market closes above the SMA I will close this trade.
  2. Second, I wait for the market to move in my favor a small amount (sometimes as little as 10 pips, depending on the market) and then place a stop loss at breakeven plus cost (spread). Since I start my trading day at 5:00 PM Pacific Time I do this manually as the market moves before I go to bed. But Im sure there are EAs that would assist you with this if needed.


This means that these subsequent entries have no chance of taking the entire trade into a loss (remember, we have a position on at the beginning of the trend that is in profit), a medium chance of running with the trend clear to the end, and a larger chance of just breaking even. In other words, there is no risk to adding on positions like this, and a chance for a large reward. No risk, large reward trading is what we like. It is part and parcel of our High Flying Trading method.

If you examine any trend you might question why we place a stop loss on these add-on trades at all. After all, adding on these trades clearly would bring in profits in a real trend, taking advantage of huge Jetstream tailwinds on our flight. Indeed, you may choose not to set a break even on these at all. Backtest it, study it, decide if you want to use this method or let them run, or maybe come up with another method that is different.

The reason I set the break evens on these add on trades is because of rule number one: keep losses small. Sometimes, when the trend gets extended price will come back to the SMA, and all those trades coming back to the SMA will be losers.

The reason to not set break evens on these add on trades is because of rule number two: let winners runand multiply them. In a good trend these add on trades will produce hundreds and thousands of pips, literally compounding your profits on the way to your destination.

So which method should we use? The answer is up to you. I will sometimes not place the breakevens on the add ons near the beginning of the trend, and will place them on the add ons later in the trend, when the price gets quite a ways away from the moving average.

Experience will tell you which to do. If you are new, place the break evens and take the chance that some trades will only break even that could have produced much more profit for you. At least you are keeping losses small that way. More experienced traders will just know when to place these break evens on their add on trades, as the market is very far off from the SMA.

  • #294
  • Feb 9, 2016 8:10pm Feb 9, 2016 8:10pm
Quoting eaymon
{quote} ive 'half' tested this out the biggest issue is the false entries. EURNZD {image} another example. GBPAUD {image} - notice the sharp pull backs? - heavy ranging period - less possible re-entries - more noise.. Loads of small loss trades and short might create some issues.. There is a way to trade it on the 15M but some of the rules have to change to make it work... and then IMO it becomes a different system. JM2CW
Try using the nonlagdot indicator HERE, and use the color change as your trigger.

This is what I am using on the 4 Hour and Daily with great success.

GREEN pips to you Good Sir.

ps On all the secondary addon trades, I move the SL to BE +2 pips as soon as I can which is even more important on shorter Time Frames.
  • #295
  • Feb 9, 2016 8:38pm Feb 9, 2016 8:38pm
Quoting eaymon
{quote} ive 'half' tested this out the biggest issue is the false entries. EURNZD {image} another example. GBPAUD {image} - notice the sharp pull backs? - heavy ranging period - less possible re-entries - more noise.. Loads of small loss trades and short might create some issues.. There is a way to trade it on the 15M but some of the rules have to change to make it work... and then IMO it becomes a different system. JM2CW
Thanks for chiming in. I noticed that some pairs with better volatility would do better and have less false entries. Since we are looking at this in lower timeframes, I would think that it would be much more efficient in peak trading hours.
L.S./M.F.T.
  • #296
  • Feb 9, 2016 8:42pm Feb 9, 2016 8:42pm
I have been working with M1 charts for years and I believe this method will work on the M1 charts. I have been catching the trend on the M1 charts for a while now and I really enjoy the fast pace of the M1 chart, I don't have sit in front of the screen for hours and hours, but I believe there are two small drawbacks with the M1 chart:

1. the price action can be so quick ( with the GBP/JPY pair ) that it is hard to get three or four trades closed quickly enough to avoid large slippages.
2. price action does not seem to respect S/R levels, moving averages, swing highs/lows QUITE AS WELL as on other time frames, which in my humble opinion makes the
M1 slightly less predictable

I am going to concentrate this method on the M5 chart and let there be green pips galore
  • #297
  • Feb 9, 2016 9:55pm Feb 9, 2016 9:55pm
Quoting fiberman
I have been working with M1 charts for years and I believe this method will work on the M1 charts. I have been catching the trend on the M1 charts for a while now and I really enjoy the fast pace of the M1 chart, I don't have sit in front of the screen for hours and hours, but I believe there are two small drawbacks with the M1 chart: 1. the price action can be so quick ( with the GBP/JPY pair ) that it is hard to get three or four trades closed quickly enough to avoid large slippages. 2. price action does not seem to respect S/R levels, moving...
Let me know how that works out for you on M5. I'm in the same boat as well.
L.S./M.F.T.
  • #298
  • Feb 10, 2016 12:49am Feb 10, 2016 12:49am
Autopilot will be available?
Please excuse the bad English via Google Translate.
  • #299
  • Feb 10, 2016 12:51am Feb 10, 2016 12:51am
Quoting tarwada
here's the same test but on H1 Chart {image} {image} CRAZY Charts ! salute to Dreamliner !!
Autopilot will be available?
Please excuse the bad English via Google Translate.
  • #300
  • Feb 10, 2016 3:22am Feb 10, 2016 3:22am
It seems like this thread/ Flight has dissapeared over the Bermuda Triangle.....​
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