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High Flying Trading (HFT) Method

  • #441
  • Feb 23, 2016 9:15pm Feb 23, 2016 9:15pm
Quoting SuperPip
{quote} Hi SmoothTrader! Just couple of questions: 1. You said, in HFT you are entering after NLD changes the color. You are not waiting for first retracement as Lebaneese? Are you somehow avoiding the whipsaw? 2. If you are trading HFT on two timeframes and with 15 pairs, how many trades you are opening trough the week? I'm trading of 12 pairs on 12H timeframe. I started live account with 900 and position size is 0.01. Trough last 10 days I got 21 lost positions with -192USD, 11 open postitions are running now with +244USD. I'm using SMA34 for...
SuperPip,

Sorry about the delay getting back to you, I have been on the road for a bit.

I only use the NLD indicator from Mr. Lebaneese's thread. I don't use his entry method for this system. At the color change I initiate my Primary position with the stop loss at the previous swing high/low. The add-on Secondary positions are added at the close of retracement candles that are opposite to the trend color of the NLD indicator. The initial SL is the closest previous swing high/low, BUT on all Secondary positions I move the SL to BE + a few pips as soon as possible in case of an extended counter trend move or a change in trend, as indicated by the NLD indicator. I have set a maximum of 2 secondary positions that have not had their SL moved to BE + a few pips. This protects against a slow counter trend move that adds many Secondary positions before a confirmed trend change.

The Daily Time Frame trades tend to have more staying power for me and between Primary and Secondary positions I am initiating about 15 to 20 trades per week. The 4 Hour Time Frame has the opportunity to have many more trades. I must admit that I abandoned trading that Time Frame not because of losses or the system not working but because I wasn't at my screen for too many of the signals. Even though I am a full time trader I am not at the screen for many of the 4 Hour Time Frame candle closes.

Hopefully, this may help you with some of the whip-saw losses. A week or two, or even a month is not an absolute representation of this method. It is designed to make sure that you are able to participate in some of the BIG trends that occur in FX. Those trends do not happen all the time, but when they do they will multiply your account it ways you can only imagine.

As for your Draw Down question, by my calculation you have a CLOSED Draw Down, but your account is positive over all. This is normal because your closed positions are ones that have hit their SL's. In the short time that you have been trading there has not been a nice trend move with the corresponding change of trend which would close many of your trades in nice profits. I use an Excel spreadsheet to keep track of my positions (both open and closed) with their corresponding risk levels. In that way, I keep on top of what the worst case scenario of all my positions hitting their SL at the same time would be. I will attach a working copy.

GREEN pips to you my friend.

Attached File(s)
File Type: xlsx HFT D1 Risk Profile.xlsx   40 KB | 882 downloads


ps if you should have any questions on the Excel Spread Sheet, PM me with them so we can keep the thread as clean as possible.
  • #442
  • Feb 24, 2016 12:11am Feb 24, 2016 12:11am
thanks smoothtrader

i've been trying your variation of HFT using NLD on D1 charts over the last 2 weeks or so and i must say that the system really works and with absolutely minimal screen time /maintenance needed, a true EOD system and a profitable one. literally takes 5 minutes if that at the end of each day.

hats off and thanks for the above info, have added to my HFT clipboard

green pips to you and everyone else on this thread and have a great day



Quoting SmoothTrader
{quote} SuperPip, Sorry about the delay getting back to you, I have been on the road for a bit. I only use the NLD indicator from Mr. Lebaneese's thread. I don't use his entry method for this system. At the color change I initiate my Primary position with the stop loss at the previous swing high/low. The add-on Secondary positions are added at the close of retracement candles that are opposite to the trend color of the NLD indicator. The initial SL is the closest previous swing high/low, BUT on all Secondary positions I move the SL to BE + a few...
  • #443
  • Feb 24, 2016 12:49am Feb 24, 2016 12:49am
Quoting SmoothTrader
{quote} SuperPip, Sorry about the delay getting back to you, I have been on the road for a bit. I only use the NLD indicator from Mr. Lebaneese's thread. I don't use his entry method for this system. At the color change I initiate my Primary position with the stop loss at the previous swing high/low. The add-on Secondary positions are added at the close of retracement candles that are opposite to the trend color of the NLD indicator. The initial SL is the closest previous swing high/low, BUT on all Secondary positions I move the SL to BE + a few...
Hi SmoothTrader,

I was curious about your method, thank you for sharing.
If I may ask, what is your TP target? Are you just "blindly" following colour changes or do you also consider other patterns (wedges, H/L and such)?


Thanks for sharing.
  • #444
  • Feb 24, 2016 1:02am Feb 24, 2016 1:02am
Quoting Reamasesa
{quote} Hi SmoothTrader, I was curious about your method, thank you for sharing. If I may ask, what is your TP target? Are you just "blindly" following colour changes or do you also consider other patterns (wedges, H/L and such)? Thanks for sharing.
I like to say that, I as a trader am not smart enough to know exactly where the market is going to go, so I do not set a TP. I let the market take me for a ride and when it has reached its goal I take my profits. If it was just a fake-out and the market continues on its way, that's ok too because I can always re-enter the market and build my positions again.

Hopefully that sheds some light on how I approach the market.

GREEN pips to you my friend.
  • #445
  • Feb 24, 2016 1:33am Feb 24, 2016 1:33am
Quoting SmoothTrader
{quote} I like to say that, I as a trader am not smart enough to know exactly where the market is going to go, so I do not set a TP. I let the market take me for a ride and when it has reached its goal I take my profits. If it was just a fake-out and the market continues on its way, that's ok too because I can always re-enter the market and build my positions again. Hopefully that sheds some light on how I approach the market. GREEN pips to you my friend.
It did, thank you.
So if I understand you correctly, if you get a false (say, 1-2 dots the opposite direction), you take and none the less, right? IF so, isn't the whipsaw killing your profits in times of a long range?

Thank you for replying.
  • #446
  • Feb 24, 2016 1:37am Feb 24, 2016 1:37am
Quoting Reamasesa
{quote} It did, thank you. So if I understand you correctly, if you get a false (say, 1-2 dots the opposite direction), you take and none the less, right? IF so, isn't the whipsaw killing your profits in times of a long range? Thank you for replying.
Yes I do have losses on those occasions where the color changes ever couple of candles, but that usually only occurs in a realtively flat ranging market so it doesn't go to my SL, but changes before that.

It would be nice to eliminate the small losses during ranging markets, but it is impossible and should be viewed as a cost of doing business. If you too many filters on to eliminate the ranging market, you will also lose a good portion of a trending market too.

GREEN pips to you and your family.
  • #447
  • Feb 24, 2016 2:52am Feb 24, 2016 2:52am
Quoting srt
{quote} Indicators folder. {file} {file}
appreciate it.
  • #448
  • Feb 24, 2016 5:19am Feb 24, 2016 5:19am
Quoting toughboy
{quote} why you hacked the thread with your posts if you are not sharing your trading strategy and indicators. i don't know you are following the true sole of thread or not.
Dear brother, I have already shared each and every step of my strategy and i also shared the indicators in this forum. And i also sent it via mail whoever requested it. Few in this forum will witness this if I am true.
Would you please bother to go few pages back and see what i am saying? This is the problem with newbies that they always ask to feed them like baby and they don't like to know how to hunt. Anyhow, i don't mind this as i am also a newbie and you can see my stupid questions from senior traders right at the start of my FX career.

Anyhow, you should be thankful to me, i am sharing my trades as soon they are taken. I don't like to share trades which have already hit the TP. I believe that Loosing trades are great source of learning rather wining trades. So anybody else should also show the courage and share the trades as soon as they took it.

Update: The USD-4 basket that was open yesterday has hit the TP and 300 more green pips.
Forex; the game of movements not the game of candles.
  • #449
  • Feb 24, 2016 5:34am Feb 24, 2016 5:34am
Quoting sajidkust
{quote} Dear brother, I have already shared each and every step of my strategy and i also shared the indicators in this forum. And i also sent it via mail whoever requested it. Few in this forum will witness this if I am true. Would you please bother to go few pages back and see what i am saying? This is the problem with newbies that they always ask to feed them like baby and they don't like to know how to hunt. Anyhow, i don't mind this as i am also a newbie and you can see my stupid questions from senior traders right at the start of my FX career....
Thoughboy, I asked sajidkust for his stuff and he sent all to my email.
So please be cool and if you want something please ask first.

Many pips to all.
  • #450
  • Feb 24, 2016 6:05am Feb 24, 2016 6:05am
Quoting sajidkust
{quote} Dear brother, I have already shared each and every step of my strategy and i also shared the indicators in this forum. And i also sent it via mail whoever requested it. Few in this forum will witness this if I am true. Would you please bother to go few pages back and see what i am saying? This is the problem with newbies that they always ask to feed them like baby and they don't like to know how to hunt. Anyhow, i don't mind this as i am also a newbie and you can see my stupid questions from senior traders right at the start of my FX career....
I just have to thank ... but yesterday I asked the indicators to my email and did not send me ... I shall be grateful if send to my email the indicators
[email protected]

a big hug
  • #451
  • Feb 24, 2016 6:12am Feb 24, 2016 6:12am
Quoting SmoothTrader
{quote} Yes I do have losses on those occasions where the color changes ever couple of candles, but that usually only occurs in a realtively flat ranging market so it doesn't go to my SL, but changes before that. It would be nice to eliminate the small losses during ranging markets, but it is impossible and should be viewed as a cost of doing business. If you too many filters on to eliminate the ranging market, you will also lose a good portion of a trending market too. GREEN pips to you and your family.
It was morning and I wasn't clear on my question, I think
You follow each color change or wait for your SL or TP to get hit? Do you open two opposite trades or trade one direction at a time.


Again, thank you for replying, it really helps.
  • #452
  • Feb 24, 2016 6:13am Feb 24, 2016 6:13am
Quoting Carneiro
{quote} I just have to thank ... but yesterday I asked the indicators to my email and did not send me ... I shall be grateful if send to my email the indicators [email protected] a big hug
Brother, I have sent you the mail again. Sorry if i missed you. I am a human. Can miss.
Forex; the game of movements not the game of candles.
  • #453
  • Feb 24, 2016 6:27am Feb 24, 2016 6:27am
Quoting sajidkust
{quote} Brother, I have sent you the mail again. Sorry if i missed you. I am a human. Can miss.
Thank you friend ... stay in peace.
  • #454
  • Feb 24, 2016 7:02am Feb 24, 2016 7:02am
Quoting sajidkust
{quote} Dear brother, I have already shared each and every step of my strategy and i also shared the indicators in this forum. And i also sent it via mail whoever requested it. Few in this forum will witness this if I am true. Would you please bother to go few pages back and see what i am saying? This is the problem with newbies that they always ask to feed them like baby and they don't like to know how to hunt. Anyhow, i don't mind this as i am also a newbie and you can see my stupid questions from senior traders right at the start of my FX career....
i received your template , indicator and strategy document from someone not from you. you only sharing this not the actually the basket control indicator which in my opinion is the brain of that strategy. so why you not sharing the basket control indicator.
  • #455
  • Feb 24, 2016 7:40am Feb 24, 2016 7:40am
I am short on CAD-5. Only 3 pairs executed. EURCAD and USDCAD filtered out from entry basket as they are not following the flow. Its not good time to execute the basket but i have to take it because its an entry according to the rules of system.
Attached Image
Forex; the game of movements not the game of candles.
  • #456
  • Feb 24, 2016 8:03am Feb 24, 2016 8:03am
Quoting sajidkust
I am short on CAD-5. Only 3 pairs executed. EURCAD and USDCAD filtered out from entry basket as they are not following the flow. Its not good time to execute the basket but i have to take it because its an entry according to the rules of system. {image}
I am unable to mount the method ... the basket does not appear to me ... I know it's annoying to giving work for you, but it would be cool to ride a tutorial.

"I think I'm asking too much" excuse me ...
  • #457
  • Edited 8:32am Feb 24, 2016 8:12am | Edited 8:32am
Quoting toughboy
{quote} i received your template , indicator and strategy document from someone not from you. you only sharing this not the actually the basket control indicator which in my opinion is the brain of that strategy. so why you not sharing the basket control indicator.
Dear Brother, Its clearly not the way to go. From your profile, i noticed that you are from Pakistan also and I also Pakistani National. Its really tough for me to digest how you are quoting me. Anyhow, i will clarify things to you.

The basket control thing is not mine. Its of somebody else and while coding that element it was my agreement that i will not personally share that element but can use it for my personal use. And why he was stopping me from sharing it in personal, there is a long FF story behind . What happen with tools of that trader in past is a sad story to revise. So its not possible for me to share basket control thing. However, this has nothing to do with my strategy which i am sharing all the required stuff. I just use it to monitor my basket, basket execution, Re-Entry and Lot control . That's it.

I hope , i have clear the things. If you are still interested in Basket Control, then PM me, i will share the name of owner of that control with you. If he likes, he will share it with you.
Forex; the game of movements not the game of candles.
  • #458
  • Feb 24, 2016 8:29am Feb 24, 2016 8:29am
Quoting Carneiro
{quote} I am unable to mount the method ... the basket does not appear to me ... I know it's annoying to giving work for you, but it would be cool to ride a tutorial. "I think I'm asking too much" excuse me ...
Brother i have sent you a PM. In the HTF folder i mailed to you, you will find a word document. Everything is explained in that document. Strategy, Examples, Environment, and how to set up offline charts. I think you have not noticed the word document.
Forex; the game of movements not the game of candles.
  • #459
  • Feb 24, 2016 9:52am Feb 24, 2016 9:52am
Quoting sajidkust
{quote} Brother i have sent you a PM. In the HTF folder i mailed to you, you will find a word document. Everything is explained in that document. Strategy, Examples, Environment, and how to set up offline charts. I think you have not noticed the word document.
I see the word document, but the problem is not reading,,, have difficulty finding the tools in MT4, for example:

"Right Click on Script, and click Represh."

where is represh?

but I read your email ... another question ... the basket control configuration will appear to me?
  • #460
  • Feb 24, 2016 10:30am Feb 24, 2016 10:30am
Quoting Reamasesa
{quote} It was morning and I wasn't clear on my question, I think You follow each color change or wait for your SL or TP to get hit? Do you open two opposite trades or trade one direction at a time. Again, thank you for replying, it really helps.
Sorry about that Good Sir.

I trade in one direction at a time, so if the color changes I close all my positions and start a new.

May GREEN pips not only fill your account, but also your life.
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