Great post - Ha! I think the 3 penguins might be next 
Good luck in your efforts and look forward to seeing how you progress.
Intend to give this a run this week. Have read the thread, downloaded the manual, and bought the indicator. What could possibly go wrong lol?
There are various ideas about s/l and t/p on the thread. Anyone have anything to add from experience please?
Many thanks.
Hoping not to make a pig’s ear of it.
Hi Harmonicphil,
Thank you for bringing this strategy to the attention of us newbies. I’ve been back testing it for the past day or so and I’m very encouraged by my results.
I just have a quick question for you. In your opening post of this thread you wrote: "[I]I will trade the 8 currencies mentioned in the manual (AUDUSD, EURGBP, EURJPY, EURUSD, GBPUSD, USDCAD, USDCHF, USDJPY)[/I]"
I’ve read through the manual and I can find no mention of any specific currency recommendations. All I found was the following statement on page 6: "The 3 Little Pigs has taken the MTF trading concept and added sound trading principles to establish a solid strategy that can, in theory, be applied to any financial market."
Perhaps they have made some changes to the manual since you downloaded it?
Anyway, I’m just curious to know if anyone has tried this strategy on any other of the currency pairs NOT mentioned in your post?
Thanks!
Hi All
Just updaed my spreadsheet for the fixed odds approach and made the following changes:
[ul]
[li]Added closing date & time for each trade
[/li][li]For November added the ‘trigger’ price for each trade and ‘take profit’ & ‘stop loss’
[/li][li]Changed ‘success’ to reflect average win/average loss and no. winners/losers, 1 would be neutral above 1 is profit, below 1 is loss.
[/li][li]A number of errors were found and corrected
[/li][/ul]
The notional balance of a £1000 balance on 1/1/2013 is now just over £13,200. However this does not include for spread or swap/rollover charges and is based on an ETXCapital spreadbet account.
Any comments, improvements etc. welcome
Regards
3LP results(5).zip (72.6 KB)
EURGBP short at 8385 from 20/11 8:00 closed at trailing stop 8371 at 25/11 16:00 for +4
A few others are close to being stopped out
Update: Open trades: EURUSD: Long 26/11/13 00:00 hr: 1.35200 target 2 pips for the next round number 1.35980. SL: 40 pips. Result: Trade closed 27/11/13. 04:43 hr. + 78 pips. GBPUSD: Long 26/11/13 00:00 hr: 1.61632 Target (S/R level) 1.62166. SL: 32 pips. Result: Trade closed 27/11/13. 04:43 hr. + 53 pips. Very nice results.
New Trade - EURGBP short 27/11 8:00 at 8346
[QUOTE=“harmonicphil;571879”]New Trade - EURGBP short 27/11 8:00 at 8346[/QUOTE]
Hi and thanks for the trade. What is the sl and tp for this trade?
Stop on EURGBP is 8366, 10 behind the MA (26+13)/4. Open target as we’re trend following.
Thanks as always for posting !!! (Thats directed at fourcandles - sorry - But I suppose its applicable to all)
AUDUSD stop was 15 behind the MA, nearly got taken out but still active
harmonicphill do you close your positions before the weekend starts?
Regards Chris
Hi All
Following on from my last spreadsheet had the following trades this week:
25/11/13 GBP/USD closed on Tuesday for +60
27/11/13 EUR/GBP closed on Friday for +53
29/11/13 USD/CAD closed on Friday for +60
So November is the 11th consecutive profitable month with a gain of +632.8 pips. The average monthly gain is 296 pips.
Happy days
No, for testing this method I chose to let them run until they hit the trailing stop.
AUDUSD at 9325 from 20/11 20:00 closed 15(ATR40+22/4) behind MA at 9140 for +185
EURUSD long at 13513 from 22/11 8:00 closed 19 behind MA at 13550 for +37 (100 pips available 29/11)
USDCHF short at 9135 from 21/11 20:00 closed 14 behind MA at 9089 for +46 (100 pips available 29/11)
Short AUD/USD @.9123, +38
New trade yesterday
AUDUSD at 9117 from 2/12 12:00 stop 16(ATR42+24/4) behind MA at 9138
Made 60 for FC method this morning
New trade
USDCHF short at 9058 3/12 8:00 stop 12(ATR30+18/4) behind MA at 9082
New trade EURUSD long: 3/12 12:00 candle entry 1.35770. SL: 1.35410. Target next resistance level 1.3615