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Pitbul: Brian's strategy automated
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=328		 Page 2 of 19
Author:  gaheitman [ Tue Feb 07, 2012 10:00 am ]
Post subject:  Re: Pitbul: Brian's strategy automated
mobthehop wrote:Steve, great job.....

1. Seems to me that it would be beneficial to have a sleep timer after having placed one set of orders.

2. Am running this puppy for a couple of hours (lot 0.1. SL - TP 15 pips) and do not understand how often relative period (in my case H1) is updated - will check with George.

3. And the exotic pairs do not seem to be suitable for this.... Will reduce to original Pitbull pairs tomorrow
The start time of the relative period is adjusted each minute, like the indicator.

George
Author:  SteveHopwood [ Tue Feb 07, 2012 10:51 am ]
Post subject:  Re: Pitbul: Brian's strategy automated
The first of what will be many updates is in post 1.

I have done some extensive remodelling of the code, including amalgamating all the pairs into one input. We are using a virtual basket to trigger our trades, and so do not need buy/sell pairs. Also, the pairs selection was faulty.

I am new to Pitbull, and did not realise that you guys are using it as a basket trader. From reading your posts you appear to need:
  • 1) a basket take profit
    2) a basket trailing stop
    3) a basket close hour
    4) to tell Pb to stop trading for the day, once a basket is closed successfully
Anything else?

:D
Author:  blahn [ Tue Feb 07, 2012 5:13 pm ]
Post subject:  Re: Pitbul: Brian's strategy automated
I've had dozens of profitable baskets from Brians pitbull so will add my knowledge of it. As long as it's balanced correctly, one can actually leave it running for a pretty long time without too much worry. It makes money 2 basic ways.

1. you get lucky with one of the fastest moving pairs which goes into profit and stays there until you take profit. ie, a normal trade not unlike any other.
2. the fastest moving pair goes against you and into dd. after which you need to wait for correlated pair on the opposite side of the basket to come forward. then you give it 1.5x the lots of your dd pair (which balances your basket) and hope to take profit from that one.

Brians original pitbull basket was a little difficult to work with for me since i'm in the US and we need to use correlated hedges. i needed to pull gbpusd and usdjpy from his basket in order to give myself a couple good playing cards for balance in an emergency. after a while i switched my basket to the t101 universal hedge which balanced the basket more to my liking. I noticed everyone trying to trade the 2 fastest moving profit pairs and dd pairs at the same time. outside the US that isn't a problem because you can hedge them if they all swing against you. But in the US you will only want to trade the fast moving profit pairs because the only way to balance your basket(should they move against you) are the pairs on the opposite side.
Here's a quick example. Let's say i have a balanced basket with eurusd on the long side and gbpusd on the short side. eu is going into profit so I buy a .1 lot. gbpusd on the other side of the basket is going into dd but i do nothing with that pair. now fate is against us, and my .1 lot of eu flies into dd bringing the whole basket down and gu becomes the fastest moving profit. so right away I have to buy .15 lots of gu. this balances the dd and gives me some profit above the hedge. after i'm comfortable with the profit i will close the trade and then wait to see if it still has forward momentum before opening another gu. Now, as most of you know, you can literaly hedge yourself to death trying balance positions and control dd. the best way I found is to just relax and stop yourself at level 3. for example if my .15 lots of gu went against me right away i might add another .1 of eu when it came back into profit and that's it. no more hedging or u'll dig a huge hole. besides, you will have 8 or more other pairs you can use to balance as well. Hope this helps.
SteveHopwood wrote:The first of what will be many updates is in post 1.

I have done some extensive remodelling of the code, including amalgamating all the pairs into one input. We are using a virtual basket to trigger our trades, and so do not need buy/sell pairs. Also, the pairs selection was faulty.

I am new to Pitbull, and did not realise that you guys are using it as a basket trader. From reading your posts you appear to need:
  • 1) a basket take profit
    2) a basket trailing stop
    3) a basket close hour
    4) to tell Pb to stop trading for the day, once a basket is closed successfully
Anything else?

:D
Author:  SteveHopwood [ Tue Feb 07, 2012 5:53 pm ]
Post subject:  Re: Pitbul: Brian's strategy automated
Latest update in post 1.

I have added CashTakeProfit: this is the basket profit at which you want the basket closing.

Watch the default settings; they are designed to generate lots of trades for me to work with.

Next thingy to do is to work out what to do after a successful basket closure. All suggestions welcome.

:D
Author:  brijon [ Tue Feb 07, 2012 9:55 pm ]
Post subject:  Re: Pitbul: Brian's strategy automated
FIRST DAY RUNNING ON MY LAPTOP , SO I WAS CONCERNED WITH SALES STOCK RATIO ON NEW Empty4 DEMO as i mentioned in my pitbull trader strategy i use swap intersest trades for getting ratio correct
so one full lot audusd trade manual based on my method brought ratio in to check
Author:  garyfritz [ Tue Feb 07, 2012 9:59 pm ]
Post subject:  Re: Pitbul: Brian's strategy automated
I don't want to derail Steve's EA thread, but there have been several good posts here that I want to follow up on. I'll move this to a new thread if there's anything to move.

I've been interested in, and peripherally following, Brijon's approach and the T101 methodology for months. It appears there is something very worth understanding here, but sadly I haven't had any luck with it. Brijon has generously donated tons of his time and effort to explain his process, but I just don't seem to be wired to understand what he's saying. I'm a fairly bright fellow but when I try to follow his explanations my brain just says "uh-uh, ain't gonna go there." So I need a different source.

MurphyMan, thanks for your pointer to Mob's posts. Those were very interesting.
Blahn, your post was also very useful, especially for those of us in the US.

From talking to a few other people I know I'm not the only one who'd like to understand Brijon's approach better, and who has no luck following his explanations. If you know of a good explanation somewhere, I'd appreciate a pointer. If not, could we start a "Brijon for dummies" thread to start at square one and explain the process? E.g. the purpose of the "currency indicator," the meaning of anchors &etc, exactly what you're looking at and how you make your trading decisions, how you detect trend changes and what you do with them, step-by-step explanation of the trading process, etc.

Thanks!
Gary
Author:  brijon [ Tue Feb 07, 2012 10:03 pm ]
Post subject:  Re: Pitbul: Brian's strategy automated
post screen snap shots attempt
Author:  brijon [ Tue Feb 07, 2012 10:07 pm ]
Post subject:  Re: Pitbul: Brian's strategy automated
2nd screensnap shot you will see how audusd pulled back stock ratio using audusd
Author:  brijon [ Tue Feb 07, 2012 10:10 pm ]
Post subject:  Re: Pitbul: Brian's strategy automated
ok this is first day trialing ea and ajusting stock sales ratio

unfortantly this thread is for advanced traders some guys will never get it or understand

my thread is not for them


so its a smart man that moves on as he cannot understand basic buisness concepts

some can some cant

GOD BLESS
Author:  SteveHopwood [ Tue Feb 07, 2012 10:19 pm ]
Post subject:  Re: Pitbul: Brian's strategy automated
garyfritz wrote:I don't want to derail Steve's EA thread, but there have been several good posts here that I want to follow up on. I'll move this to a new thread if there's anything to move.

I've been interested in, and peripherally following, Brijon's approach and the T101 methodology for months. It appears there is something very worth understanding here, but sadly I haven't had any luck with it. Brijon has generously donated tons of his time and effort to explain his process, but I just don't seem to be wired to understand what he's saying. I'm a fairly bright fellow but when I try to follow his explanations my brain just says "uh-uh, ain't gonna go there." So I need a different source.

MurphyMan, thanks for your pointer to Mob's posts. Those were very interesting.
Blahn, your post was also very useful, especially for those of us in the US.

From talking to a few other people I know I'm not the only one who'd like to understand Brijon's approach better, and who has no luck following his explanations. If you know of a good explanation somewhere, I'd appreciate a pointer. If not, could we start a "Brijon for dummies" thread to start at square one and explain the process? E.g. the purpose of the "currency indicator," the meaning of anchors &etc, exactly what you're looking at and how you make your trading decisions, how you detect trend changes and what you do with them, step-by-step explanation of the trading process, etc.

Thanks!
Gary
One of the great things about being a PCA is that I can act immediately on a bright idea.

Within the Advanced Traders forum, I have created a sub-forum dedicated to Pitbull. I have moved Brian's thread there and created a further 'Pitbull for Dummies' sub-forum.

Sing out if the design does not quite meet requirements; anything organised is easily re-organised.

:D
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