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High Flying Trading (HFT) Method

  • #541
  • Edited 4:47am Apr 1, 2016 4:36am | Edited 4:47am
Quoting keydcuk
OOOPS! Even BIG OOOPS! I posted something in the wrong thread. Sorry! Daniel
Hello ALL MY Dear Traders, Just leave the backtest as its just a shit. The backtest is best for tracking bugs in your work rather results. I am running an EA for this strategy non-stop 24/5 without manual interruption since a month, Below is the link to its results. But most importantly, for me the following points are important.

(i) This method woks well 2 hours after Tokyo open till the NY Open especially on week opening. NY will eat up your profits and then late night, you will again start gaining your results.
(ii) Individual pairs will never give you results of your liking , instead tightening the method to a whole basket(currency group) will make more sense because when when a currency pairs move as a whole then it make more sense rather the movement of a single pair.
(iii) The method is not consistent in making profits although overall you will be in Net Profit. But it may take days or weeks to again start your wining streak.
(iv) Its better to use emergency exit. I am using the NoLagDot as emergency exit. My all other exits were based on Either on Profit Lock, Risk to Reward .
https://www.mql5.com/en/signals/176876

​Since the method is lacking consistency(although profitable) so i don't recommend to adopt it for real money.
Forex; the game of movements not the game of candles.
  • #542
  • Apr 1, 2016 6:29am Apr 1, 2016 6:29am
Quoting daivid40
I've read some posts of this topic and I must say that all of veteran traders go back to simple methods after a period of struggling with lots of indicators and methods because we change our view to the market and this business after a period of time if we are still in it. I believe, and I think the starter of the topic would think so, that the strong suit of this strategy is in managing and adding entries otherwise you can use any MAs with any periods or you can use other methods such as trend lines, which I think more accurate than random MAs,...

Hi guys


In my previous post I talked about finding the right period for our MAs by using previous wave and sometimes waves (bottoms/tops) by the means of symmetry. Now I'm going to show this with some pics.


First we need to pay attention to previous wave or trend. It might be an uptrend or downtrend, it doesn't matter we just want to set our MAs according to its tops (if it's a downtrend) or bottoms (if it's an uptrend). While we're doing this we try some numbers so that we can find the right one that fits the top or bottom. What's the right one exactly? The right one is the Ma that touches the closes or shadows of the candles but it doesn't touch the bodies.


You can see this process in the following photos. This is the main picture of this method but there are some details that I'm gonna write to answer some probable questions.


You can use any type of MA (simple, smoothed etc.) but I use simple/close. If you use for example simple for an MA you should use simple for all other MAs.

The number of MAs is depending on the bottoms or tops of previous wave. Sometimes there are lots of waves in a trend with little difference in bottoms/tops that you might get confused but don't be and pick out the three ones that stand out more. For the strategy of this thread we need 3 or at most 4. We use main MA as trigger and small ones for adding on.


Don't be rigid about the period of MAs. The market is dynamic and changes itself so you can update yourself according to it. You will get used to it after awhile and you can make your own strategy based on this method if you want.


I will be around if you have any questions and be happy if I can help.


http://www.forexfactory.com/attachme...8&d=1459509848

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  • #543
  • Apr 1, 2016 9:16am Apr 1, 2016 9:16am
Quoting liberty55
hi guys , i read all the information about the HFT stategy... I think is a good one... the main problem I see is what do you do when the market is already in movement ( down or up... ), how to input the market, you never know is the market reach the top or the bottom... how to reduce this kind of risk...only with stop loss... for to add some trade I resolve the problem but I have to have near the beginning of the movement, look the picture.... sorry for my English... have a green's day Liberty55 {image}
The thread originator stated that he adds to his original position anytime a candle closes in the opposite direction of the trend. He further stated that if he is awake he adds a stop loss + break-even to additional positions once they have moved a reasonable distance in his favor.

Every trader is going to have a tolerance for risk that is unique to him/her. I come from the camp that believes you MUST take systems like this and adapt it to your own tolerance levels. Asking others about reducing risk is an exercise in futility as trader A can see his position go 50 points in his favor before retracing 55 pips and then going back in his favor another 144 pips while trader B would be devastated to see 50 points of profit go into 55 points in the red.

Systems can be shared - risk tolerance cannot.
  • #544
  • Apr 3, 2016 4:29pm Apr 3, 2016 4:29pm
Quoting cfudge
{quote} Hi All Here are the results for March with graph and open P/L Please refer to quote for last months results and the description of how I trade HFT {image} {image} Chris see you next month
I think this might have been buried so I am reposting with a quote here.

Smoothtrader I hope you are still trading this and are going to post a result for March...
  • #545
  • Apr 4, 2016 12:26am Apr 4, 2016 12:26am
I wonder a bit if just taking authoritative closes above/below the MA would help in picking trends. e.g. a 20 pip plus bar on 1 hour, as per the cornflower method.
  • #546
  • Edited 7:12am Apr 6, 2016 6:52am | Edited 7:12am
thank enochben,
my main idea was to explore if some peoples have a better way to assume some risk and/or if we can improve how to reduce the risk ... I know about stop loss and BE we discuss about a long position system...may be for the input new trade we can take the low or high( depend the MA)of the previous candle for the input and stop loss with the high or low for that candle and after a move in your direction about 50-100 pips at BE for that candle presently I have a test and I have 19 trade in the maket and I have 17 at gain. I worked with a nano lot...start a demo with $250 now I have $315.07 with $55.14 on the market prsently...continue the test because the main difficulty is the reverse situation when you have more trade in the maket...I will anticipate some reaction from the market and I analyse what will the best strategy to adopt....in my case, I move the stop loss from the trade at gain to the value little high from the MA until now it is working( I have protect 12 trades )... I am waiting for the end of the movement ( GPBJPY)

sorry for my bad english

Have a nice day

liberty55
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  • #547
  • Apr 6, 2016 9:41pm Apr 6, 2016 9:41pm
Quoting liberty55
.continue the test because the main difficulty is the reverse situation when you have more trade in the maket...I will anticipate some reaction from the market and I analyse what will the best strategy to adopt....{image}
Sounds like you are on the right path and utilizing self discovery. you will be fine, i can tell.

  • #548
  • Edited 6:19am Apr 7, 2016 4:46am | Edited 6:19am
thank enochben, now I have 25 trades on the market all are at gain with a total de $120.22 with nano-lot of 0.01... demo strated with $250 US now , if I close all the trades the balance is around $415... the floating trade are around $115.00 on market continue my test to learn how to reduce the risk and manage the reverse position... look the GBPJPY...


have a nice day

P.s. 16 of my trades are protect with a take profit...


Liberty55
  • #549
  • Apr 10, 2016 7:27am Apr 10, 2016 7:27am
Quoting high321
any one coorerct this ea . logic is place lot mannully . and close all with this ea. but this ea did not work {file}
Hello High321, Is this EA supposed to be attached to one chart for it to manage all trades on all pairs or it has to be on every chart being traded?Your reply shall be appreciated. Thanks for the share.
Patience, Persistence and discipline = Holy Grail.
FUNDED FEEDER All Time Profit: $104
  • #550
  • Apr 10, 2016 10:51am Apr 10, 2016 10:51am
Quoting liberty55
look the GBPJPY... have a nice day P.s. 16 of my trades are protect with a take profit... Liberty55
note - and it is just my opinion -- leave the DEMO account behind. If you are putting on nano units you are risking nickles and dimes but it is REAL money! Trading with real money is much more emotional than trading with monopoly money. The demo gives you false confidence and there is no emotional attachment, real money is just different. Find an account that lets you deposit small amounts and start playing with real cash. If you need suggestions for small account brokers, PM me.

Cheers!
  • #551
  • Apr 14, 2016 8:51pm Apr 14, 2016 8:51pm
Quoting SmoothTrader
{quote} A couple of traders have also PM'd me requesting the indicator that I use as a trigger. Just as I explained to them, move the attached indicator to your MT4 Indicators Folder and insert it on to your Daily chart. Instead of the trigger being a cross of the 34 SMA, the trigger would be the color change of the NonLagDot (NLD) from Red to Blue for Buys, and Blue to Red for Sells. EVERYTHING else about Dreamliner's HFT system remains the SAME. Here is a screen shot with both the 34 SMA and the NLD indicators on the same Cad/Jpy chart that Dreamliner...
Hi. Thanks for the details on how you are trading this wonderful system using NLD. Are you still trading this the same way?
Now regarding the SL when you are using previous swing high low, is it not too big on a daily tf? Also are you using any indicator to determine the swing hi lo?
  • #552
  • Apr 15, 2016 8:30pm Apr 15, 2016 8:30pm
One thing missing from this thread (forgive me if I overlooked this) is how to properly pyramid your position for maximum profits. In ultra simplified terms always make your initial entry at the start of the trend your biggest position and when adding to your position decrease size as the trend extends. For example if you entered the dragon (GBPJPY) at 184 - and the maximum size you are comfortable with is 10 units, this is where you should load up with all 10. Then say price moves in your direction 300 pips and there is a retrace and add-on trigger at 181.50 - you should never add on the same size. This is so if price goes against you you can still trade out with some profit. If you add another 10 units here and price continues to move against you, you will wind up with nothing. So lets add 8 units here. So price goes another 200 pips in your favor. At the next trigger add 5 units. Then three, then 1. So after a 900 pip move, any additional positions should be small (1 pip) so that when the trend ends abruptly you can trade out of your position with most of your profits intact.

I hope this makes sense. It takes some practice, but once you grasp it, you will see how to let your profits run.
  • #553
  • May 1, 2016 6:58pm May 1, 2016 6:58pm
Quoting cfudge
{quote} Hi All Here are the results for March with graph and open P/L Please refer to quote for last months results and the description of how I trade HFT {image} {image} Chris see you next month
Hi All
here are the graph and open P/L for April

See quote for trading info.

Chris

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Attached Image
  • #554
  • May 6, 2016 12:43pm May 6, 2016 12:43pm
been following Dreamliners strategy from 21st Mar , started a live account with £500 , as of today profits at £1400 after withdrawing the capital . I only use 4hr charts across all pairs . What a wonderful difference this has made to my trading mindset - cut losses to minimum and exponentially multiply the profits , have patience and be a rule based trader , and apply your mind as we r traders not robots ... Ever so thankful to Mike ..
  • #555
  • May 6, 2016 7:27pm May 6, 2016 7:27pm
Quoting disciplined
been following Dreamliners strategy from 21st Mar , started a live account with 500 , as of today profits at 1400 after withdrawing the capital . I only use 4hr charts across all pairs . What a wonderful difference this has made to my trading mindset - cut losses to minimum and exponentially multiply the profits , have patience and be a rule based trader , and apply your mind as we r traders not robots ... Ever so thankful to Mike ..
Wow! Impressive...
  • #556
  • May 6, 2016 7:34pm May 6, 2016 7:34pm
Quoting disciplined
been following Dreamliners strategy from 21st Mar , started a live account with 500 , as of today profits at 1400 after withdrawing the capital . I only use 4hr charts across all pairs . What a wonderful difference this has made to my trading mindset - cut losses to minimum and exponentially multiply the profits , have patience and be a rule based trader , and apply your mind as we r traders not robots ... Ever so thankful to Mike ..
Hi, can you share some more details? How you go about cutting your losses to minimum i.e., where you place your stop loss for the first trade and the subsequent add ons? Thanks.
  • #557
  • May 7, 2016 5:41am May 7, 2016 5:41am
Quoting desi
{quote} Hi, can you share some more details? How you go about cutting your losses to minimum i.e., where you place your stop loss for the first trade and the subsequent add ons? Thanks.

Exactly same as Dreamliner has suggested . Stop loss at previous swing high/low , re entry on pullback candles and moving stop loss to break even once trade moves to your direction .requires patience and balls of steel when you see a profit of £500+ but stay on it as we follow rules . Sometimes £500+ turn out to £5 if market changes direction , but that's part of the rule .
  • #558
  • May 7, 2016 12:33pm May 7, 2016 12:33pm
Quoting disciplined
{quote} Exactly same as Dreamliner has suggested . Stop loss at previous swing high/low , re entry on pullback candles and moving stop loss to break even once trade moves to your direction .requires patience and balls of steel when you see a profit of 500+ but stay on it as we follow rules . Sometimes 500+ turn out to 5 if market changes direction , but that's part of the rule .
Thanks for your response. I have few more questions and the reason I am asking is because I came across this thread couple of months back and really like the system and the way it was presented, Thanks to Mike for that, but unlike you I have not managed to apply this system to get success so far and the reason could be lack of patience and discipline as you mentioned.
1. When you use previous swing high/low on H4 that would be quite far away i.e., the Stop loss would be big or you use previous swing high/low on say H1?
2. Do you any indicator for previous swing high/low?
3. You correctly said it requires balls of steel to see a large profit come down to almost negligible, so how you decide when to exit the trade and book profits?
Thanks again.
  • #559
  • May 8, 2016 2:20am May 8, 2016 2:20am
Hi!May I ask, what pairs you are trading?regards,SP profits at 1400 after withdrawing the capital . I only use 4hr charts across all pairs . What a wonderful difference this has made to my trading mindset - cut losses to minimum and exponentially multiply the profits , have patience and be a rule based trader , and apply your mind as we r traders not robots ... Ever so thankful to Mike ..[/quote]</p>
  • #560
  • May 8, 2016 3:42pm May 8, 2016 3:42pm
Quoting desi
{quote} Thanks for your response. I have few more questions and the reason I am asking is because I came across this thread couple of months back and really like the system and the way it was presented, Thanks to Mike for that, but unlike you I have not managed to apply this system to get success so far and the reason could be lack of patience and discipline as you mentioned. 1. When you use previous swing high/low on H4 that would be quite far away i.e., the Stop loss would be big or you use previous swing high/low on say H1? 2. Do you any indicator...
I look for all pairs , but enter only which has touched the resistance/support atleast twice before crossing the 34 SMA
Previous Swing is on H4 , someetimes it may be hundred pips away ,but i dont trade big lots at all.. thats the risk we take on this business i guess.
No indicators whatsoever, follow Dreamliners rules ..mentally you got to be stong to enter orders on pullbacks when previous two pullback orders are already running at loss , the idea is it will go in your direction at some stage..
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