$TRILLION STRATEGY

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pipette4x
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Summary of strategy

Postby pipette4x » Sun Feb 18, 2007 5:25 pm

Ok, I’ve gone through this thread and I’d like to summarize the method. Please let me know if I’m on track or out in left field.

For ease of discussion I’ll use my platform IBFX’s daily candle which closes at 7pm central time.

If the daily candle is red/bear, then I sell at the close price with a 10 pip limit
If the daily candle is green/bull, then I buy at the close price with a 10 pip limit.

Now you can drop down to a 60 min chart to see what the current direction is to get a better entry price and reduce your stop loss. So if the daliy candle is red but the 60 min is green, then wait until you get a ‘signal’ that the 60 is going short again and get in for your 10 pips (or more if you wish).

Another option, I think is that you can set a ‘daily candle’ 1 hour before the London open or 1 hour before the NY open. Basically for the London open, which is 3est, then you’d look at the last 24 hours from 2am est the previous day to 2am current day and compare the open/close of that 24 hours to determine if it’s bullish or bearish. If bullish then you could go long at 2 am est going for 10 pips?

This could be repeated at 7am est, 1 hour before the NY open?

I appreciate any feedback to help me comprehend this method. I love the simplicity of this.

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TheRumpledOne
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Postby TheRumpledOne » Mon Feb 19, 2007 6:30 am

Starting the week...

Image
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Re: Summary of strategy

Postby TheRumpledOne » Mon Feb 19, 2007 6:31 am

pipette4x wrote:Ok, I’ve gone through this thread and I’d like to summarize the method. Please let me know if I’m on track or out in left field.

For ease of discussion I’ll use my platform IBFX’s daily candle which closes at 7pm central time.

If the daily candle is red/bear, then I sell at the close price with a 10 pip limit
If the daily candle is green/bull, then I buy at the close price with a 10 pip limit.

Now you can drop down to a 60 min chart to see what the current direction is to get a better entry price and reduce your stop loss. So if the daliy candle is red but the 60 min is green, then wait until you get a ‘signal’ that the 60 is going short again and get in for your 10 pips (or more if you wish).

Another option, I think is that you can set a ‘daily candle’ 1 hour before the London open or 1 hour before the NY open. Basically for the London open, which is 3est, then you’d look at the last 24 hours from 2am est the previous day to 2am current day and compare the open/close of that 24 hours to determine if it’s bullish or bearish. If bullish then you could go long at 2 am est going for 10 pips?

This could be repeated at 7am est, 1 hour before the NY open?

I appreciate any feedback to help me comprehend this method. I love the simplicity of this.


I think you just explained it better that I do!
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Postby TheRumpledOne » Mon Feb 19, 2007 4:34 pm

Candle color and horizontal lines are all that are needed.

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pipette4x
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Postby pipette4x » Mon Feb 19, 2007 4:57 pm

TheRumpledOne wrote:Candle color and horizontal lines are all that are needed.



Hi Tro

Quick question. if yesterday's bar is bearish, you enter at the close price going short for 10 pips. do you put an entry order to go long and if so, do you use the top of the body or the wick to enter? thanks

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Postby pipette4x » Mon Feb 19, 2007 4:58 pm

TheRumpledOne wrote:Candle color and horizontal lines are all that are needed.



Hi Tro

Quick question. if yesterday's bar is bearish, you enter at the close price going short for 10 pips. do you put an entry order to go long and if so, do you use the top of the body or the wick to enter?

Another question. what are you using for stops? I've been reading some other daily methods and i'm starting to confuse them!.
thanks

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Postby TheRumpledOne » Mon Feb 19, 2007 9:02 pm

Daily open/close is top/bottom of the candle color.

You must decide for yourself what the stop is.
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nanoty3k
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eSignal indicator?

Postby nanoty3k » Mon Feb 19, 2007 10:45 pm

[/quote]

$Trillon is a "strategy" but I did code an indicator for it.

I do NOT program in MT4.[/quote]

Sorry, new to the forum and just going over this thread. Question may have been answered. Went through the last eSignal motherlode and did not find an equivalent indicator. Is there an eSignal indicator for the $Trillion strategy?

Thanx,

N

pipette4x
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Postby pipette4x » Mon Feb 19, 2007 11:27 pm

TheRumpledOne wrote:Daily open/close is top/bottom of the candle color.

.


What i'm wondering is if you place BOTH an order to buy and sell. so if the candle is bearish, you get in going short, but do you also put an entry order to go long at the open price? thanks, i'll get it eventually!

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Re: eSignal indicator?

Postby TheRumpledOne » Tue Feb 20, 2007 6:03 am

nanoty3k wrote:
$Trillon is a "strategy" but I did code an indicator for it.

I do NOT program in MT4.

Sorry, new to the forum and just going over this thread. Question may have been answered. Went through the last eSignal motherlode and did not find an equivalent indicator. Is there an eSignal indicator for the $Trillion strategy?

Thanx,

N


You can use TRO_PrevDay_OHLC.
Last edited by TheRumpledOne on Tue Feb 20, 2007 6:06 am, edited 1 time in total.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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