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Thread: M TTT M

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    M TTT M


    [MML TRIPLE TRIANGULATED TRADING METHOD]
    ************************************************** ***************************
    READ #1 BEFORE PROCEEDING !

    #1 - Please utilize the MTTTM template and indiors supplied in Post 1 only.

    If you do post outside indiors you run the risk of being permanently removed from my thread !

    CCI is prohibited;
    MACD is prohibited;
    Moving Average is prohibited;
    RSI is prohibited;
    Stochastics is prohibited;
    TDI (or any form) is prohibited;

    All 'lagging' and 'oscillating' indiors are prohibited unless they look in Post 1.

    Exceptions: Just indiors supplied in Post 1 are allowed to be posted in this thread; others are prohibited!
    ************************************************** ***************************

    The MTTTM Trading Strategy.


    The Strategy for the MTTTM Strategy

    1. Start off with trading demo examples of 8 situations of M15 TF TS Order 3 installations on an 'almost arbitrary' type approach;
    [transparent trading approach ahead of the fact, discuss trades, talk about methods to boost strike rate]

    2. Trade (on demo) a specially designed TS Order 3 to the M15 TF with several traded installments;
    [transparent trading approach ahead of the fact, discuss trades, talk about methods to boost strike rate]

    3. Trade (on demo) higher time frame TS Order 3 (and greater TS Order examples)
    [transparent trading approach before the fact, discuss trades, talk about methods to boost strike rate]

    4. Trade (on live ) carefully designed TS Order 3's (and others).
    [transparent trading approach before the fact, discuss trades (before, during and after), discuss techniques that try to improve the strike rate]


    The M15/M5 MML template is applied using P=64 and MMP=60 settings across a triangulated format.

    Triangulated Set (TS):

    1 TS set is comprised of 3 pairs at which 2 pairs form a cross pair such as EURUSD and GBPUSD form EURGBP (all 3 pairs are exchanged in a setup)
    TS 1 = EURUSD GBPUSD = EURGBP ... also known as a TS Order 1

    2 TS sets would subsequently form 6 pairs
    TS 1 = EURUSD GBPUSD = EURGBP
    TS 2 = AUDCAD EURCAD = EURAUD ... also known as a 2 TS's

    3 TS sets would subsequently form 9 pairs
    TS 1 = EURUSD GBPUSD = EURGBP
    TS 2 = AUDCAD EURCAD = EURAUD
    TS 3 = AUDCHF GBPCHF = GBPAUD ... also known as a TS Order 3

    Triple Triangulated Set (TT Set):

    A triple triangulated set (TT set) is 3 by TS sets so it's comprised of 9 pairs and is also referred too as a TS Order 3.
    TS 1 = EURUSD GBPUSD = EURGBP
    TS 2 = AUDCAD EURCAD = EURAUD
    TS 3 = AUDCHF GBPCHF = GBPAUD

    Legitimate trading TS Order hinges are comprised of an odd number of pairs:

    TS Order 1 could exchange 3 pairs

    TS Order 3 could exchange 9 pairs

    TS Order 5 would exchange 15 pairs

    TS Order 7 could exchange 21 pairs

    Note: Actually Order TS's are NOT valid installments in the MTTTM trading egy!

    Pure Triple Triangulated Set is a minimum TS Order 3 (9 pairs) or any whole digit several of the TS Order 3 structure such as:

    2 *TS Order 3 [2*9=18 pairs]
    3 *TS Order 3 [3*9=27 pairs]
    4 *TS Order 3 [4*9=36 pairs]
    5 *TS Order 3 [5*9=45 pairs]
    ...
    ...
    N *TS Order 3 [N*9=9N pairs] where N is any positive whole digit.

    Notice: A TS (a group of 3 triangulated currency pairs) may not be repeated in a TS Order setup UNLESS at least 1 pair's leadership differs.

    Grand TS Order 3's

    A Grand N*TS Order 3 is the complete tradeable installation comprised of either 9, 18, 27, 36, 45 up to 9*N pairs.

    TS Order 3 is included of TS1 (3 pairs), TS2 (3 pairs) and TS3 (3 pairs) ... every TS is comprised of 3 triangulated pairs ... so a TS Order 3 contains a total of 9 pairs !

    TS Order 3 (^2) is comprised of TS1, TS2, TS3, TS4, TS5, TS6, TS7, TS8 and TS9 ... 9 triangulated pairs ... in complete 27 pairs !

    Most commonly traded TS Set within this thread will be TS Order 3 (9 individual pairs).

    Smaller account balances should apply the lower order TS#8217;s.

    Higher account balances have more flexibility and may consider higher order TS#8217;s.

    Risk per trade and complete risk across the account is at the trader#8217;s discretion nevertheless, I will outline during the thread several examples of the way I apply risk management to these setups.

    Finally the trader is responsible for his/her trading decisions be it trade or risk management.

    Example of a Triangulated Set of Order 1 (1 by 3 pairs):

    Triangulated Set 1 = 2 short 1 long or vice versa including as EURUSD (S), GBPUSD (S) EURGBP (L)
    Trade #1 = short EURUSD
    Trade #2 = short GBPUSD
    Trade #3 = long EURGBP

    Example of a Triangulated Set of Order 3 (3 by 3 pairs = 9 pairs):

    Triangulated Set 1 = 2 short 1 long or vice versa as EURUSD (S), GBPUSD (S) EURGBP (L)
    Triangulated Set 2 = 2 long 1 short or vice versa such as AUDUSD (L), NZDUSD (L) AUDNZD (S)
    Triangulated Set 3 = 2 short 1 long or vice versa such as GBPJPY (S), GBPCHF (S) CHFJPY (L)

    Trade #1 = short EURUSD
    Trade #2 = short GBPUSD
    Trade #3 = long EURGBP
    Trade #4 = long AUDUSD
    Trade #5 = long NZDUSD
    Trade #6 = short AUDNZD
    Trade #7 = short GBPJPY
    Trade #8 = short GBPCHF
    Trade #9 = long CHFJPY

    Other variants to direction are also possible.

    Higher order triangulated sets simply follow along a similar line of logic.

    A TS of Order 5 would apply 15 individual trades in the setup
    A TS of Order could apply 21 individual trades in the installation
    A TS of Order 9 would apply 27 individual trades in the installation
    A TS of Order 11 would apply 33 individual trades in the installation

    Sooner or after a limitation is reached in terms of the TS Order applied since the pair offers from a specified broker may not be acceptable for a multitude of different factors.

    MT4 (or MT5, cTrader or other platform) will be used within this methodology.

    MML levels:

    A minimal understanding of this MML Grid is demanded.

    There are 13 MML lines -2/8 , -1/8 , 0/8 , 1/8 , 2/8 , 3/8 , 4/8 , 5/8 , 6/8 , 7/8 , 8/8 , 1/8 and 2/8 .

    All these 13 MML lines form 12 Octaves

    The distance in pips between 2 MML lines is also referrred to as the Octave Gap.

    Multiples of those Octave Gap are used for the SL and TP (1 Octave Gap_SL : 4 Octave Gap_TP).

    Notice: Typically the SL is projected as a muliple (using up to 2 decimal places) of this octave gap in the range [1 ... 2].

    By way of instance,

    MINIMUM SL = 1*Octave Gap and TP = 4*Octave Gap
    ...
    ...
    SL = 1.1*Ove Gap and TP = 4.4*Octave Gap
    ...
    ...
    SL = 1.25*Octave Gap and TP = 5*Octave Gap
    ...
    ...
    SL = 1.5*Ove Gap and TP = 6*Octave Gap
    ...
    ...
    MAXIMUM SL = 2*Octave Gap and TP = 8*Octave Gap

    Direction of trades in a TS:

    The MML System grid may be used to dictate the direction of pairs or any other defined egic approach.

    Short opportunities may be sought from the intense upper MML zone.

    Long opportunities may be sought from the intense lower MML zone.

    Pair Direction Criteria (PDC):

    Finally PDC is at the discretion of the individual trader and the methods they choose to apply.

    I will outline a few examples of the way the option of direction could be decided in a TS Order 3 setup but there are many more.

    Example 1:

    Lets utilize the current TS Order 3-#2-S3 as our first example.

    TS Order 3-#2-S3

    TS1 , TS2 and TS3 triangulated pairings have been picked and I've outlined this process in previous articles.

    TS 1 : EURUSD GBPUSD = EURGBP
    TS2 : AUDCAD EURCAD = EURAUD
    TS3 : GBPCAD CADCHF = GBPCHF

    second step is to select a pair direction for all the 9 pairs (EURUSD ... GBPCHF).

    A) Pair Correlation Tables (daily, weekly and yearly)

    The focus was on the weekly correlation table with added reference to both the daily and yearly correlation tables.

    Starting at the top row select the most positive and maximum negative correlation values for all rows.

    Like this,

    Weekly Correlation Table (Source: myfxbook)

    Bias is favored towards the weekly correlation table in this example due to some historical data that has shown that trades on average stay open for 44 hours (almost 2 times) within an M15 TS Order 3 setup (this trade duration time may vary over time so keep tabs on it).

    Now its clear to determine which pairs go in the exact same basic direction as other pairs and that pairs go in the other directions.

    This information may be used to determine whether or not 2 pairs in a TS such as TS1 will be traded in the exact same or reverse directions.

    B) MML Grid reference

    The MML Grid M15 [P=64, MMP=60 and StepBack=0] of every pair is then used to discover that pair from each TS group is The 'better' choice for a direction that is given.

    The most positively correlated pair within the TS1 group for instance, would subsequently be exchanged in the contrary direction.

    Likewise, this process is used across all TS's so in a TS Order 3 (TS1 , TS2 and TS3 ) we finally have the instructions of 6 pairs out of 9 pairs.

    Like this,
    TS 1 : EURUSD GBPUSD = EURGBP
    TS2 : AUDCAD EURCAD = EURAUD
    TS3 : GBPCAD CADCHF = GBPCHF

    Today we Will Need to Find out the instructions of the rest 3 pairs namely; EURGBP, AUDCAD and CADCHF.

    By referring back to the significance tables we note that EGbp more closely follows EUsd therefore we choose the long way.
    By referring back to the significance tables we note that ACad more closely follows ECad therefore we choose the brief direction.
    By referring back to the significance tables we note that CChf more closely follows GChf therefore we choose the long direction.

    Note: sometimes the decision is not simple and if this is how it is consistently refer to the pairs MML Grid and also make the 'best' choice.

    The final pair instructions employing this egy are as follows:

    TS1 : EURUSD GBPUSD = EURGBP
    TS2 : AUDCAD EURCAD = EURAUD
    TS3 : GBPCAD CADCHF = GBPCHF

    It is extremely important to understand that just a basic egy was used here to determine pair instructions within a triangulated set over a TS Order 3.

    A smart trader would examine several variations of the simple egy and try to use the approach which is most likely to afford the greater strike rates.

    Note: Using this kind of approach (or any other egy) cannot ensure success in a transaction(s) outcome on the market.

    Example 2:

    another means to select pair instructions is purely choosing pairs which are currently trading in or near the extreme MML zones.

    Upper MML zone is in the range 8/8 MML to 2/8 MML in which case a brief alteration entry is tried.
    Lower MML zone is in the range 0/8 MML to -2/8 MML in which case a long alteration entry is tried.

    A triangulated configuration might be impossible or is very hard to reach for every pair in a TS set and over all TS's which make up the TS Order.

    Note: Be cautious of being obese in a specific currency as this may add unnecessary risk to the TS Order setup.

    Example 3:

    Higher Time Frame Analysis (H4 and D1)

    Use greater time frame charts such as H4 or D1 using MML settings of P=64.

    Pair management might be selected dependent on the price action (PA) on a HTF chart.

    A long direction might be selected after detecting price jumps off a solid amount of support.

    A brief direction might be selected after detecting price jumps off a solid degree of resistance.

    This requires paitence and always monitoring where price is within the HTF chart in order to set up an M15 transaction or sequence of trades.

    Note: It can be fruing trying to find numerous setups which also align with the M15 chart based on TS Order dimensions or total pair count.


    Choice of Triangulated Sets:

    This is at the trader#8217;s discretion.

    Some examples are displayed above but there are numerous other triangulated sets which can be traded.

    A thorough list of all TS sets (groups of 3 triangulated pairs) should be easily available.

    The choice can be related to a traders bias on a specific currency or collection of currencies at a specific point in time.

    For example,

    In the case of These TS Order 3,

    TS1 : EURUSD GBPUSD = EURGBP
    TS2 : AUDCAD EURCAD = EURAUD
    TS3 : GBPCAD CADCHF = GBPCHF

    6 Currencies were used to invent the TS Order 3 namely:

    1. AUD
    2. CAD
    3. CHF
    4. EUR
    5. GBP and
    6. USD

    A decision may be made to NOT trade a given pair such as CAD due to its expected eratic behavior for the next several months.

    Other choices may reject a certain currency addition due to normal seasonal trading ranges that might affect TP levels chosen.

    such as pairs may be rejected or volatile pairs made based on TS Order# risk profile.

    These will be set out in the thread in much more detail.

    Time Frame:

    M15 or M5 is your time frame applied in the earlier part of this thread.

    Higher TFs are also traded at a subsequent stage.

    Entry:

    The M15/M5 MML System template is used for taking entries.

    Ideally an entrance ought to be executed from a valid MML price line.

    Entry at an allowed MML degree or after an M5 candle closes in the management of TP.

    Entries can be @ market or pending orders (Buy Cease, Sell Cease, Buy Limit or market Restrict) depnding on the setup of the installation.

    Entries should be made as near as practicable to the relevant MML entry degree.

    In case this is not possible then the next MML degree has to be used.

    All entries (@ market or impending) has to be placed at the exact same time or within 15 minutes from 1st trade to last trade.

    Trade entry setup must fit within the boundaries of the applicable MML Grid for many trades.

    The Option of SL as a function of the Octave Gap sets limitations on the entrance MML degree of a given trade.

    By way of instance, if SL selected = 1Octave Gap then the cheapest possible entrance to get a long is at the -1/8 MML since the SL would be placed at the -2/8 MML.

    If SL = 1.5*Octave Gap then the cheapest possible entrance to get a long setup is from the 0/8 MML degree, this is because entrance ought to be taken in an MML amount, the SL will be placed mid-point between -1/8 MML and -2/8 MML.

    No ceases or TPs can transcend the boundaries of this MML Grid.

    The Upper and lower boundaries of this MML Grid confine the transaction arrangement.

    All transaction setups playout within the relevant MML Grid at the time of planned entrance (its significant to jelqing Octave Gap at entrance time since they do upgrade).

    Extended entries #8211;
    preferred in the reduced Extreme MML zone between -2/8 MML to 0/8 MML
    -2/8, -1/8, 0/8, 1/8, 2/8, 3/8, 4/8, 5/8, and 6/8 just
    No longs from 7/8, 8/8, 1/8 or 2/8
    Short entries -
    preferred in the top Extreme MML zone between 8/8 MML to 2/8 MML
    2/ 1, 1/8, 8/8, 7/8, 6/8, 5/8, 4/8, 3/8, and 2/8 just
    No shorts out of 1/8, 0/8, -1/8 or -2/8

    Exception: the cross or solitary pair on 1 of this triangulated set can trade from any MML (its objective is to cancel some of the risk)

    Length of entries to the market is determined by the trader and also can be at, prior to or after any major open.

    SL:

    Hard stops constantly applied (no exceptions)
    Minimum 1 by octave gap on an M15/M5 MML System Grid
    Maximum 2 by octave gap on an M15/M5 MML System Grid

    Extending out the SL also usually means that the TP will be moved farther out so price will have farther to go to reach the target.

    Traders Will Need to make a choice regarding the SL on a case by case basis.

    However, from a guide trading standpoint it's simpler to apply the exact same choice of SL design to all current trades in precisely the exact same TS Order setup.

    A automated system though can handle complex tasks easily.

    Further information:

    A minimum SL of 1 octave gap up to a maximum of 1.5 octave gaps (for the M15 template);

    When an entry is taken in an MML degree then multiples of this octave gap will produce TPs for example:

    (I) 1 octave gap SL = 4 octave gap TP
    (ii) 1.1 octave gap SL = 4.4 octave gap TP
    (iii) 1.2 octave gap SL = 4.8 octave gap TP
    (iv) 1.3 octave gap SL = 5.2 octave gap TP
    (v) 1.4 octave gap SL = 5.6 octave gap TP
    (vi) 1.5 octave gap SL = 6 octave gap TP and
    (vii) 2 octave gap SL = 8 octave gap TP

    Be mindful that we trade within the MML Grid.
    The MML Grid's main trading range is from the 0/8 MML through to 8/8 MML together with the 2 extreme zones finishing our whole trading area.

    When a brief entry is taken in the 8/8 MML then a maximum of 2 octave gaps might be applied for the SL (TP @ 0/8 MML)

    When a long entry is taken from the 0/8 MML then a maximum of 2 octave gaps might be applied for the SL (TP @ 8/8 MML)

    The choice of SL in terms of the Octave Gap count therefore dictates where the TP has to be placed to guarantee a 4 to 1 Reward to risk ratio.

    Minor alterations of this SL are possible provided the entire risk across all trades in the entire TS Order setup is not exceeded.

    Trailing stops are at the discretion of the trader but be fully aware that the frequency of total TPs being hit will reduce drastically so be aware how the egies expectancy will change !

    TP:

    4 times the assigned SL pips to maintain the mandated 4 to 1 reward to risk ratio.

    Higher TF charts such as D1, W1 or MN can be used to place TPs supplied at least 4 to 1 R:r is preserved.

    Nb. MML settings of the HTF charts should use P=64 unless advised otherwise (there will be some exceptions).

    Reward to Risk ratio:

    Consistently at least 4 to 1 for every entrance taken over the complete Triangulated Set.

    The next chart shows the minimum win rate to BE to get a 4 to 1 reward to risk ratio.

    Strategy theoretical strike rate should then be gt;= 20.0% (refer chart) to get a 4 to 1 reward to risk Ratio within the longer term.
    Strategy realistic attack rate should then be gt;= 22.2 percent (2/9 winners) for a 4 to 1 reward to risk ratio within the longer term.

    If the egy yields 3/10 (30 percent) winning trades on average over the longer term then the trading process is deemed to be profitable.


    The graph above shows the various results of an account of $10 000 trading a fixed reward to risk ratio of 4 to 1.
    The red shaded area identifies the situation for:

    (a) all losing transactions results in a 9% reduction (for a fixed 1% risk per trade) or -$900 and a last TS Order 3 Cycle balance of $9100 and
    (b) 8 shedding trades results in a 4 percent reduction (for a fixed 1% risk per trade) or -$400 and a last TS Order 3 Cycle balance of $9600

    Thus, losing 9 trades in a row produces the worst case situation that's a 9% reduction to the trading account !

    The blue shaded area identifies the situation for:

    (a) all winning transactions results in a 36% gain or $3600 and a last TS Order 3 Cycle balance of $13600
    (b) 8 winning trades results in a 31% gain or $3100 and a last TS Order 3 Cycle balance of $13100
    (c) 7 winning trades results in a 26% gain or $2600 and a last TS Order 3 Cycle balance of $12600
    (d) 6 winning trades results in a 21% gain or $2100 and a last TS Order 3 Cycle balance of $12100
    (e) 5 winning trades results in a 16% gain or $1600 and a last TS Order 3 Cycle balance of $11600
    (f) 4 winning trades results in a 11% gain or $1100 and a last TS Order 3 Cycle balance of $11100
    (g) 3 winning trades results in a 6% gain or $500 and a last TS Order 3 Cycle balance of $10500
    (h) 2 winning trades results in a 1 percent gain or $100 and a last TS Order 3 Cycle balance of $10100

    Thus, 2 winners out of 9 transactions is all that's necessary to generate a favorable outcome !

    Be cautious about drawing some rock solid conclusions about an unfolding egy in the live market especially if its based on a small sample size.

    A small sample size might not offer any results of great value and is mre going to be of a arbitrary kind nature.

    The larger the number of transactions that form part of this analysis the better (a commerce count of gt;100-200 might be ideal with higher being better).

    Notice that in this process it might not always be sensible to conduct every trade through to a full SL or full TP especially if price makes the decision to range within the stop and TP levels for a long time period.

    Truly it is highly probable that some transactions will be shut out at less than a full stop or less compared to a full TP.

    The trader has to be aware of this issue and how it might affect the significance of the trading results.

    Trade Management:

    Set Forget guide trading egy can be applied.
    Advisable that installments are tracked from time to time by the trader.
    Minimal interference with transactions is favored.
    Trader has the discretion to alter trades for potentially negative high effect news events or other important events.

    Risk Management:

    Maximum risk per trade is at the trader#8217;s discretion but must consider total number of transactions in the order over the entire trading account.
    Preferably within the range 0.01% to 2% per trade.

    A risk per trade in a TS Order 3 (9 pairs) should not exceed 1 percent since this is implying a total risk across the installation of 9%.
    If greater Order TS's are traded constituted of many more pairs then risk per trade ought to be lt;lt; 1 percent each pair (perhaps 0.25% to 0.5 percent).
    Total risk across the account is the sum of current trades SLs operating in the market.

    A TS Order 1 @ 1 percent_SL per commerce would have a total risk of 3%
    A TS Order 3 @ 1 percent_SL per trade would have a total risk of 9%
    A TS Order 5 @ 1 percent_SL per trade would have a total risk of 15%
    per TS Order 7 @ 1 percent_SL per commerce could have a total risk of 21%
    A TS Order 9 @ 1 percent_SL per commerce could have a total risk of 27%
    A TS Order 11 @ 1 percent_SL per commerce could have a total risk of 33 percent

    Variations in applied risk per trade may also depend on the TS being traded.

    For instance,

    A TS Order 1 comprises 3 transactions in total so a 1 percent risk per trade for a total risk of 3% might be acceptable.

    A TS Order 3 contains 9 transactions in total so a 1 percent risk per trade for a total risk of 9% might not be acceptable.

    For greater order TS#8217;s it might imply reducing the risk applied per trade so that total risk is sensible.

    Layout a egy for your risk management component of this trading egy:

    (a) If a finished TS Order setup causes a negative gain consider reducing the risk per trade
    (b) If a finished TS Order setup causes a positive gain consider raising the risk per trade

    Instance of a TS Order 3 cycle

    Assume current risk per trade = 1 percent

    If TS Order 3-A (1 percent risk per trade * 9 trades = 9%) is a web loser ;
    Then TS Order 3-B (0.8 percent per trade * 9 trades = 7.2 percent) applies just 0.8% risk per trade.

    If TS Order 3-A is a web winner and TS Order 3-B is a web winner continue at 1 percent risk per trade or increase risk each trade to 1.2 percent.
    However, be aware that this places a total risk per TS Order 3 at 1.2 percent*9 trades that's a potential 13.5% reduction if all transactions are winners.
    This type of risk is likely to be unsustainable over the longer term and possibly lead to disastrous outcomes.

    It is not a good idea to keep raising the risk per trade after a series of winning TS Order 3's since eventually a shedding TS Order 3 will happen.
    The trader is responsible for designing and setting the employed risk per trade but it has to be sensible and realistic.

    The focus ought to be aligned with decreasing risk on web losing TS Orders and then after favorable progress slowly increase the risk back into the initial risk per trade.

    As the account equity grows seek out methods that minimize the applied risk!

    Risk Adjustments

    Generally as account equity raises, less risk ought to be applied across the account in order to minimize adverse future TS Order results.

    However, a trader may apply at times instances of calculated risk .

    A good example of calculated risk for a TS Order 3:

    Start Impact = 10 000
    Current Impact = 12 000

    Account Equity% gain is 20 percent

    Current Risk per trade = 1 percent (Total Risk over 9 transactions is 9%)

    Next TS Order 3 risk approach

    Apply Risk per trade = 1.5 percent (Total Risk over 9 trades is 13.5 percent)

    Notice that in theory (not accounting for adverse slippage problems) even if all transactions were losers (unlikely) the account begin balance value is still protected.

    In a couple of short weeks depending upon the gain in Equity and the applied risk per trade one of our primary focus points is about maintaining the initial capital.

    An Equity Chart (end of day data) on a good trading egy that's well managed typically shows only minimal drawdowns below initial capital level in the early phases of trading followed by no future drops in equity below initial investment.

    All prospective drops in Equity after initial stage are typically much lower compared to a maximum peak to trough fall of 29 percent with lower being better.

    If all transactions were winners the account loses -13.5 percent of equity nevertheless, it is 20% up so the worst case scenario would still have a last balance greater than the beginning balance resulting in preservation of funds.

    There are lots of ways to play computed risk but the idea should be to employ it rather very sparingly (not all the time if circumstances look right) and only in situations where increased risk will not result in the account balance falling below start balance.

    If current balance drops below begin balance after the completion of a TS Order# then seem to decrease risk per trade.

    Simply employ calculated risk (sparingly) whenever the account equity percent gain is greater than the supposed worst case risk scenario.


    Additional Entries:

    At the traders own discretion but current draw down or floating equity ought to be factored in.
    Consider how the risk profile across the account may alter as transactions are added.

    Guideline for Outstanding MTTTM TS Order Strategies:

    I prefer to provide a list of tips instead of speaking to them as a pair of rules.

    1. Trades should run their course hitting SL or TP (Reward to Risk ratio needs to be 4 to 1 for each trade) except when high effect news or W/E openings;
    2. Decide on a %Equity gain or $ gain closure amount but prevent TPs that result in a greater than 1 to 1 R:r;
    3. TS's (such as M5, M15 ... HTF TS's N/A) that have run overnight and are net favorable could be closed out before the projected next TS beginning time;
    4. Pending orders could be deleted if they have not yet triggered same day or after a minimum 4 hours
    5. Maintain the R constant at 4 to 1 originally.
    6. After losing cycles consider reducing risk per trade, but be sure to extend the SLs out having relatively smaller lot sizing (2 parameter egy).
    7. Following a return to winning cycles (not only transactions instead net positive gain over the whole TS Order setup) consider raising the risk again.
    8. Monitor commerce stop outs and should the stop outs have decreased as well as the larger stops appear to be providing a buffer that is larger depart the stops that are broader.
    9. Be mindful that there is a limit to how big the stops could be and typically in MTTTM that is 2 Octave Gaps and never more (4 to 1 TP !?) .
    10. TS Order design (same each time, selective, arbitrary, partially hedged, box-hedged, pairs at extreme MML zones, etc).
    11. Consider higher TF MML Grid (HTF provides the exact same series of MML lines (13) but typically much larger octaves (12), forcing larger stops).

    Notice: Be mindful of the effect to this longer term expectancy if transactions are shut out early (end of week closures are one exception).

    Comments:

    I'll start off using a demo account and trade it manually and indie other traders do likewise.

    Fundamental analysis is restricted in this trading egy in the decreased TFs but ought to be considered in the HTFs.

    Largely a mechanical technical egy.

    The initial setup for your Triangulated Sets is what are the very time consuming exercise (Lot_Size-MTTTM indior now posted) but with practise everything become quicker and simpler.

    SLs will then need to be alloed imagining that within an MML Grid not all pairs exhibit the identical octave gap and a presented pairs pip value also differs from other pairs.

    Since the octave gap could vary and the pair choice may differ then the pips imputed to a given trade might also vary.

    Hence lot dimensions alloed to a given pair will also differ although risk per trade is the exact same for all entries of the identical TS Order collection.

    Take note of these formulas as they need to be applied for each and every pair traded.

    Lot size =Risk per Trade / [Octave Gap * Pair pip value per lot] ... consider any Octave Gap multiplier being used

    $Risk per Trade is calculated based on trader assigned risk% per trade eg 0.01%, 0.1%, 1% or 2%

    Example using a 1 percent risk per trade onto a 10 000 balance is as follows:

    Account Balance = 10 000
    Risk per trade (trader assigned) = 1 percent = 1/100*10 000 = 100
    Assume Pair = EURUSD
    Assume Octave Gap = 25 pips
    Lot size for EURUSD =Risk per Trade / [Octave Gap*Pair pip value per lot] = 100/(25*10) = 0.4 lots.
    Assess 0.4 lot worth by employing Lot size * Pip worth a lot * Octave Gap
    [it ought to equal $Risk per trade #8230; and in this situation it does = 100 = 1 percent risk of 10 000].

    I've made your life a little easier now after uploading a lot size indior (Jan, 2018) ...

    The Lot_Size-MTTTM indior will possess future upgraded versions posted here:

    Current Version is #3b

    Lot-Size-MTTTM indior Updated versions will be published in this space (each will expire at month end unless otherwise mentioned)

    https://www.cliqforex.com/attachment...3990597036.ex4

    Note 1: The indior contains an expiry date but may be extended subject to thread participation.
    Note 2: The lot size calculation measures are outlined in this thread and so the indior is not entirely required in any case.

    Instrument_Changer-28_pairs-MTTTM indior

    https://www.cliqforex.com/attachment...5795298093.ex4

    So if trading 3 triangulated sets there'll be 9 calculations demanded (1 percent trade over 9 transactions).

    Always double check the calculations to ensure the same risk profile is used throughout.

    When transactions are employed use your mouse to #8216;mouse over#8217; the SL lines to check they are right.

    The idea of this MTTTM methodology is to simply allow all transactions time to play out.
    As cycles of transactions in TS's complete it is crucial to value the trading data and find ways to enhance the attack rate.

    There will be winners and there'll be winners.

    The win/loss ratio could be somewhat unimpressive but this is not a concern since the egy is based on a restricted number of winning trades to generate a net gain and this translates into account expansion over the longer term.

    Contemplate TS Order 1 (3 transactions) @ 1% Risk per Trade
    1 losing trade (L) = -1 percent
    1 winning commerce (W) = 4 percent
    3 losses= 3*(-1%) = -3 percent
    2L 1W = 2*(-1%) 1*(4 percent) = 2%
    3W = 3*(4 percent) = 12 percent

    Just 1 winner required to be net positive ( 2% gain) although you lost 2 transactions.

    As a workout run via a TS Order 3, then 5, then 7 etc..

    A TS Order 3 @ 1 percentSL includes a range [ -9% to 36%].

    Recall that a TS Order 3 is a pair of 9 trades.

    Not very likely you will get 9/9 winners is it #8230; although potential.

    Consider it in terms of the minimal winners required to be net positive.

    2 winners out of 9 transactions is required to be net positive 1 percent.
    3 winners out of 9 transactions is required to be net positive 6%.
    4 winners out of 9 transactions is required to be net favorable 11%.

    And yet 2,3 or 4 winners out of 9 transactions remains significantly less than a 50% hit rate !

    Little accounts might be better to trade just 1 triangulated setup of 3 pairs (TS Order 1) until the account grows much larger in equity.

    Larger accounts may trade any Order Triangulated Sets within reason for example:

    1 Triangulated Establish = 3 pairs
    3 Triangulated Sets = 9 pairs
    5 Triangulated Sets = 15 pairs
    7 Triangulated Sets = 21 pairs
    9 Triangulated Sets = 27 pairs
    11 Triangulated Sets = 33 pairs

    3 Triangulated Sets (9 transactions) in a TS Order 3 should be the limit until full confidence in the machine is gained and it makes sense to do so.


    ************************************************** ***************************************
    ADVANCED TRADE MANAGEMENT CONCEPTS

    1. Equity Curve Trace Management (ECTM)

    2. Dynamic Feed Approach (DFA)

    3. MATLAB (analysis motors and code)

    4.) Python code (Pandas backtest with Zipline and Quantopian; Quant Platforms and Python for Algorithmic Trading)

    5. Java code


    Notice: These concepts might be outlined subject to reasonable thread participation rates.

    ************************************************** ***************************************


    The Zip Folder:

    MTTTM M15 28 pairs (April, 2018) Zip Folder

    https://www.cliqforex.com/attachment...1736216490.zip

    Notice: Do not forget to download the Most Recent Lot_Size-MTTTM indior from higher up in this post and add it into the template!!
    Myfxbook Connect:
    https://www.myfxbook.com/members/MAS...-ttt-m/2359306

    Important:

    Evaluation the methodology using a demo account in the first place.

    If trading on a live account be alert to the risks involved.

    The method relies on gaining just a few profitable transactions from a bunch to generate net gain.

    Following a grand cycle of Triangulated transactions have finished, assess the results, correct for developments and repeat the process.

    Contemplate the additional risks involved with opening a TS Setup on a Friday and the probable impact of a negative weekend difference.

    Its meant to be a very straightforward system supplied the risk profile has been stuck too.
    However, the MTTTM egy can become exceptionally complex very very quickly.

    For advanced versions and greater Order TS installments a commerce direction or expert advisor is highly recommended.

    It is possible that a series of MT5 tools might become available later on as an assistant to the trader.

    Remember that the trader is ultimately accountable for overseeing the whole process rather than the tools being applied.

    Test it out and post your experiences on the ribbon !

    ALWAYS MANAGE THE RISK !

    MASTERRMIND ....

  2. #2
    GBPCAD

    Reduction trade

    -1.7 Percent

    ....

  3. #3
    EURGBP

    Winning trade

    4.1 Percent

    ....

  4. #4
    GBPCHF

    Reduction trade

    -1.0 Percent

    ....

  5. #5
    Quote Originally Posted by ;
    quote Hi OAPDave picture
    Hello parisboy,

    Could you please delete your post as the chart contains a whole slew of all MA's that you're not at all to do with anything in this thread.

    Thankyou for your understanding.

    ....

  6. #6
    Quote Originally Posted by ;
    More sensible ? MM 32 image image image image
    Hello OAPDave

  7. #7
    Quote Originally Posted by ;
    More sensible ? MM 32 picture image image picture
    The question is ... What is your trade plan (if any) based on which you have just posted ?

    ....

  8. #8
    Quote Originally Posted by ;
    quote Thanks so much for that
    If you want more help allow me to know and I will post an annotated screenshot.

    ps. Do have a try yourself.

    ....

  9. #9
    GBPCAD

    Reduction trade

    -1.0%

    ....

  10. #10
    GBPUSD

    Reduction trade

    -1.1%

    ....

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