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Pitbull Trader with Position Building

  • #1,261
  • Nov 1, 2013 12:57pm Nov 1, 2013 12:57pm
Quoting moodybot
Good to see your back Courtney Shame the thread got trashed, but hey ho.. Interesting that several basket threads are floating around, some are looking for.... the fastest moving pair... Not exactly pitbull, but the end result is the same, they also use hedged pairs etc and no stops,, funny how those threads dont get trashed , lol Be good to get some action back on this thread and bounce some ideas, any news from chips?? M.
Hi Moodybot Yes it got well out of hand... truly pathetic. However I would think all the idiots have other things to trash now...

Revisiting pit this week and today put a tiny account live to practice; and +8.6% today so happy with that.

I have no clue on Chips
  • #1,262
  • Dec 11, 2013 2:00pm Dec 11, 2013 2:00pm
Hi there Courtney,
How is your live trading account going with this system ?
Have you tried changing at all the Buy or Sell direction of the original trading pairs to take account maybe of the changes in interest rates etc during the last few years or do you think it works best left alone?
Thanks to see you back and other old timers contributing again, i enjoyed reading this thread.
  • #1,263
  • Jan 3, 2014 11:06pm Jan 3, 2014 11:06pm
Quoting courtneywild
{quote} Hi Could you clarify your basket. you wrote 2 BUYS and 4 SELLS? Correct? Thanks EU BUY AJ BUY EG SELL GU SELL AU SELL UJ SELL



Hi Courtney,

the basket is not a hedged basket as you guys think unless you adjust the lot sizes.Always find the net exposure of the basket.


Just my 2 cents
  • #1,264
  • Jan 9, 2014 8:55am Jan 9, 2014 8:55am
Quoting Fxyogi
{quote} Hi Courtney, the basket is not a hedged basket as you guys think unless you adjust the lot sizes.Always find the net exposure of the basket. Just my 2 cents
this means that you did not understand anything of the method...go to the first post....and start reading
  • #1,265
  • Edited 9:33am Jan 13, 2014 8:38am | Edited 9:33am
Quoting tarrini65
{quote} this means that you did not understand anything of the method...go to the first post....and start reading

May be you are new to this thread. It has been discussed many times and tested by us. Dream liner did a extensive studies on these types of trades and finally never came to a conclusion and shut down his thread after several losing trades .what is your net exposure of this basket?. just hedge the pairs opposite to the exposed currency trend and see whether you can come out of draw down. it will kill your account, no need to fool our self when there is a clean mathematics behind this. Anyway nothing to do with you. you better read all threads on the basket system and see how finally they lost all the money.

PS- also you need to know what happened to all those who followed Brijon's kantor method.
  • #1,266
  • Jan 15, 2014 4:22am Jan 15, 2014 4:22am
that's your opinion, i trade this way since 8 months and i am profitable every month with low dd, 13 % gain / month in average with 5-7 % drawdown.
You cannot generalize , if you are not good in basket trading that not means that this method is a scam
  • #1,267
  • Jan 19, 2015 10:39pm Jan 19, 2015 10:39pm
anyone knows how to edit samir pitbull indicator? cause this year my indi has changed time a beginning of the day. tq
  • #1,268
  • May 29, 2016 5:49am May 29, 2016 5:49am
Bump.

Yep, its in the trash. But still probably the best and least understood method to gain a decent entry.

If there are any lurkers out there, interested in the Pitbull concept, makes yourselves known. The usual troll's who originally
destroyed this thread can go play somewhere else.

M.
  • #1,269
  • Edited 11:31am May 29, 2016 11:13am | Edited 11:31am
well, i have always loved this method, but actually i did not play it a lot .
The idea of long term trading overcomes the fact of the spread .
I have watched all the videos that brijon put on you tube and i noticed that he relied a lot on the AUD pairs that on the day of the triple swap were buyed .
Buying 1 lot of AudUsd would cover all the losses that were still opened before that day assuming that the lotsize was 0.01, 0.04 lots.
Going futher i got an ea that opens trades following renko candles, and i managed to close the biggest loser of the cicle with the best winners, so that i can avoid big drawdons.
Using winning trades to close the losing ones with a small profit everytime can avoid big drawdowns, and opening trades following price action can give a certian space between trades , and allows trading what happens , not what we think it will be.
I will set a demo this week,and see what happens, i will be very glad if this thread would have new life -
  • #1,270
  • May 30, 2016 12:48am May 30, 2016 12:48am
Quoting tarrini65
well, i have always loved this method, but actually i did not play it a lot . The idea of long term trading overcomes the fact of the spread . I have watched all the videos that brijon put on you tube and i noticed that he relied a lot on the AUD pairs that on the day of the triple swap were buyed . Buying 1 lot of AudUsd would cover all the losses that were still opened before that day assuming that the lotsize was 0.01, 0.04 lots. Going futher i got an ea that opens trades following renko candles, and i managed to close the biggest loser of the...
Hi Tarrini

You nailed it in one.
I noticed that Brian and Chips both used the larger 1.0 lot size with AUDUSD almost as a fail safe backup, fine for demo but in real trading terms, not something that I would be looking at. Again, the same as you, i have within another trading concept made an EA that looks to close the worst and best performers with a small profit, basically preventing a runaway trade. It's interesting you mention Renko, my trading buddy who understands Pitbull very well also mentioned he would look to take the 0.04 trades based off of Renko.
I have the hedge running from last night using 0.01, just on demo, lets see if we can get a few old faces back and try and get this drawdown cracked once and for all.

M.
  • #1,271
  • Jun 1, 2016 6:23am Jun 1, 2016 6:23am
Hi Moodybot
Great to see you trying to get this thread back up and running.
Very interested in this method.


Cullen
  • #1,272
  • Jun 1, 2016 2:16pm Jun 1, 2016 2:16pm
well
today and yestrday i earned a total 0f 130 eur using 0.01 lots...there has been lot of movements .dd was maximum 50 eur .
Let me explain better what i do :

- 10k in the account. i use 0.01 lots .
I use 7 pairs , both buy and sell , with an ea that open trades according 20pips renko candles.
You can also use t101 basket pairs, only sell or only buy , unless everything is hedged .
Let the market go , use the best winners to close the big losers..i mean every time you close some trades in profit close also the biggest loser with a positive total gain of course , so you close a basket of trades everytime, and this basket shows a positive gain .
I let go a position in drawdown for maximum 100 pips , then it's time to look for closing it .
The less positive trades you use to close the loser one , the better is .
Rinse and repeat .
When there is low volatility you can add 0.04 lots to the best winner, this way you can compensate the small amount of pips that someday the market can "walk" .
Just add patience, don't overtrade , and you can make 5-10% per month with low drawdown.
  • #1,273
  • Jun 1, 2016 3:24pm Jun 1, 2016 3:24pm
hi tarrini65
great results and low drawdown
just need clarification on this
so i open a T101 basket and only sell or buy all the pairs so the complete basket will be all buy orders or all sell orders
close the biggest winner with the biggest loser once there is a profit
all positions are 0.01 unless there is low volatility when you can increase lot size up to 0.04.
manage the drawdown and do not let it exceed 100pips
  • #1,274
  • Jun 1, 2016 4:23pm Jun 1, 2016 4:23pm
Quoting Cullen
hi tarrini65 great results and low drawdown just need clarification on this so i open a T101 basket and only sell or buy all the pairs so the complete basket will be all buy orders or all sell orders close the biggest winner with the biggest loser once there is a profit all positions are 0.01 unless there is low volatility when you can increase lot size up to 0.04. manage the drawdown and do not let it exceed 100pips
I use eurusd gbpusd eurgbp usdjpy eurjpy gbpjpy audusd usdcad , i have put an ea on every chart that opens a sell 0.01 when a 20pips candle is formed.
This candle can be a buy candle or a sell candle on the same cross.
it can happen that i have 2 sell and 2 buys on EurJpy for example.
I mentioned t101 basket because if you are in the Usa you cannot hedge the same cross, so you will buy on every up candle on "buy" pairs, and the opposite for sell.Don't need to open the whole basket , it will be formed as the market flows, Pitbull method consist of stacking position.
see this picture
Attached Image (click to enlarge)
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  • #1,275
  • Jun 1, 2016 4:26pm Jun 1, 2016 4:26pm
these are my demogains for today
Attached Image (click to enlarge)
Click to Enlarge Name: MetaTrader - gain.png Size: 141 KB
  • #1,276
  • Jun 1, 2016 4:32pm Jun 1, 2016 4:32pm
hi tarrini65,
just sent you a pm
cullen
  • #1,277
  • Jun 4, 2016 5:25am Jun 4, 2016 5:25am
Great to see some movement on the thread.

Nice results Tarrini, buddy of mine has been playing with renko as well, certainly something to consider once
the best pair to trade has been designated from the Pitbull indicator.

Cullen, try using the basic 10 pair indicator from chips and just leave it running, once the market sets a direction
it will be pretty obvious from the indicator which would be the best pair to trade. Once the best pair has been
decided upon, use a method that you are happy with to trade that pair. The worst pair can also be used but
obviously use in reverse, so if it's a buy, then sell it, again using your prefered method. In the mean time observe
the indicator, note how far it goes into drawdown and then back into profit. The loss profit loss cycle.

There is a whole host of ways to trade Pitbull. For me the actual reason to use Pitbull is to find the best pair
now that has movement, backed up by other pairs within its group as confirmation to its strength within the
market. A side product is being able to also use the indicator pairs if in profit to offset any current running
drawdown from the single pair trades.

Just remember that the hedge is not a perfect hedge, it's been arranged that way to show the movement, as such
if trading the indicator live, it can go some way into drawdown and in theory may not come back into profit,
however with 0.01 lots, it should be easily manageable.

M.
  • #1,278
  • Jun 7, 2016 4:12pm Jun 7, 2016 4:12pm
Thanks for the advice Moodybot, just need to put everything I have read in this thread into practise now.
Will keep you updated on my progress or lack of it.
  • #1,279
  • May 26, 2019 11:55pm May 26, 2019 11:55pm
Quoting HistoryFX
In regard to multiple A-Samir indies on one chart, it's a pain! Just use multiple reduced windows on your screen for now. Enjoy. HistoryFX. {file} {file} {file} {file} {file}
I made a somewhat different version of a basket viewer and posted it here: https://www.mql5.com/en/code/25649.As long as you change the value of 'uniquifier' for each instance, and I haven't made any silly mistakes, it should support multiple instances on one chart.
  • #1,280
  • Sep 9, 2020 2:10pm Sep 9, 2020 2:10pm
and this one is still valid?
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