Meter TT Meter (M TTT M) | Foreign exchange EA download-MT4/MT5 resources-MetaTrader 5 resources

M TTT M

[MML TRIPLE TRIANGULATED TRADING METHOD]

Whilst the trading results of the Thread Ops Real account may not be easily reproducible by the average trader, it is my wish to have at least
Some traders follow the MTTTM method and produce at least minimal net positive and consistent results!

Ultimately, a trader's determination and perseverance largely determines success.

If the market knocks you down, pick yourself up and strive to conquer it.

Focus on your goals, set milestones, stay focused, understand the market disruption and work hard to conquer it.

There is no place for losers in this industry, either create profits or throw your money to the wolves.

What trader do you want to be?

Please only apply indicators, templates and other tools from the zip folder.

Do not use other indicators or templates that have been sourced from elsewhere.

In general, this thread prohibits all lagging type indicators, including but not limited to the following:

is banned;
is banned;
is banned;
is banned;
prohibited;
(or any variant) is banned;
in any format is banned;

All 'lagging' and 'oscillating' indicators are banned unless they appear in the Zip folder attached to Post 1.

Exceptions that are allowed to be used are as follows:
GANN (projections of price in time and trading frame constructions that mimic the MTTTM Strategy)
HURST CYCLES (for cyclical discussion purposes only, not as an independent trading method)

The MTTTM Trading Strategy.

Please note that the MTTTM trading strategy uses levels based off the MML indicator originally coded in 2004 by Vladislav Goshkov.

Depending on the indicator settings, entry, stop loss and take profit levels are also aligned with the MML price line (13).

The MTTTM strategy applies multiple symbols in groups of 3's in a triangulated format using a high reward to risk ratio.

At no time does this method apply anything whatsoever to do with the Murrey Math Trading System.

It does not apply any of the Murrey Math Trading software in any form whatsoever.

It only uses the 13 MML lines as generated by the MML indicator and nothing else.

I do reserve the right to modify and manipulate the original indicator as provided by the original author of the code.

Such changes I made to the code include advanced functionality, user selection of 0/8 and 8/8 price levels, MML levels based on fixed end-of-day data from meta quotes or any other preferred data source, and many other additional features in mq4 and mq5 formats.

Other adapted versions of code may also be in C++, Java, Python and MatLab.

As always, you use the tools provided at your own risk and please note that such tools are provided to traders to assist them in trading as is.

Non-commercial software is only provided here so do not expect a perfect and flawless solution in all cases.

The Plan for the MTTTM Strategy

Start off with trading examples of 8 scenarios of M15 TF TS Order 3 setups on an 'almost random ' type approach;
[transparent trading approach before the fact, discuss trades, discuss ways to improve strike rate]

Trade (on ) a specially designed TS Order 3 on the M15 TF with several traded setups;
[transparent trading approach before the fact, discuss trades, discuss ways to improve strike rate]

Trading (Part 1) higher time frame TS Order 3's (and higher TS Order examples)
[Transparent trading methods beforehand, discuss transactions, and discuss ways to increase transaction rates]

4. Trade (on Live ) Well-designed TS Order 3 (and others).
[Transparent approach to trading beforehand, discussing trading (before, during and after), discussing techniques to try to improve your hit rate]

The M15/M5 MML template is applied in triangulation format using P=64 and MMP=60 settings.

Triangular Set (TS):

1 set of TS consists of 3 currency pairs, 2 of which form a cross currency pair, such as EURUSD and GBPUSD forming EURGBP (all 3 currency pairs are traded in one setup)
TS 1 = EURUSD + GBP/USD =

2 sets of TS will then form 6 pairs
TS 1 = EURUSD + GBP/USD =
TS 2 = + Euro Canadian Dollar = Euro Australian Dollar ...also known as 2 TS

3 sets of TS will then form 9 pairs
TS 1 = EURUSD + GBP/USD =
TS 2 = + Euro Canadian Dollar = Euro Australian Dollar
TS 3 = AUD/GBP+ GBP/GBP =

Triple Triangle Group (TT Group):

Triple triangle set (TT set) is a set of 3 TS, so it consists of 9 pairs, also known as TS Order 3.
TS 1 = EURUSD + GBP/USD =
TS 2 = + Euro Canadian Dollar = Euro Australian Dollar
TS 3 = AUD/GBP+ GBP/GBP =

A valid trading TS order setup consists of an odd number of pairs:

TS order 1 will trade 3 pairs

TS order 3 will trade 9 pairs

TS order 5 will trade 15 pairs

TS order 7 will trade 21 pairs

The minimum TS order 3 (9 pairs) of a pure triple triangle or any integer multiple TS Order 3 structure, for example:

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 integer.

Grand TS Order 3

Large N*TS Order 3 is a complete tradable setup consisting of 9, 18, 27, 36, 45 to 9*N pairs.

TS Order 3 consists of TS1 (3 pairs), TS2 (3 pairs) and TS3 (3 pairs)...each TS consists of 3 triangle pairs...so TS Order 3 contains 9 pairs in total!

TS Order 3 (^2) consists of TS1, TS2, TS3, TS4, TS5, TS6, TS7, TS8 and TS9... 9 triangle pairs... 27 pairs in total!

The most commonly traded TS set in this topic is TS Order 3 (9 separate pairs).

Smaller account balances should apply lower order TS.

The higher the account balance, the greater the flexibility, and higher-level TS can be considered.

The risk per trade and the total risk for the entire account is determined by the trader, however, I will outline several examples throughout the post of how risk management can be applied to these setups.

Ultimately, the trader is responsible for his/her trading decisions, whether trading or risk management.

Example of a triangulation set of order 1 (1 x 3 pairs):

Triangular combination 1 = 2 shorts + 1 long and vice versa, for example EURUSD (S), GBPUSD (S) + EURGBP (L)
Transaction #1 =
Transaction #2 =
Trade #3 = Long EUR/GBP

Example of a triangulation set of order 3 (3 x 3 pairs = 9 pairs):

Triangular combination 1 = 2 shorts + 1 long and vice versa, for example EURUSD (S), GBPUSD (S) + EURGBP (L)
Triangular combination 2 = 2 long + 1 short and vice versa, for example AUDUSD (L), NZDUSD (L) + AUDNZD (S)
Triangle 3 = 2 shorts + 1 long and vice versa, for example GBPJPY (S), GBPCHF (S) + CHFJPY (L)

Transaction #1 =
Transaction #2 =
Trade #3 = Long EUR/GBP
Trade #4 = Long AUD/USD
Trade #5 = Long NZD/USD
Transaction #6 =
Transaction #7 =
Transaction #8 =
Trade #9 = Long CHF JPY

Other changes in direction are also possible.

Higher order triangle sets simply follow similar lines of logic.

TS for order 5 will apply 15 individual trades in the setup TS for order 7 will apply 21 individual trades in the setup TS for order 9 will apply 27 individual trades in the setup TS for order 11 will apply 33 individual trades in the setup

Sooner or later the applied TS orders will reach the limit, as currency pair products from a given broker may not be suitable for many different reasons.

MT4 (or MT5, cTrader or other platforms) will be used for this method.

MML level:

A minimum understanding of MML grids is required.

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.

These 13 MML lines form 12 octaves

The point distance between 2 MML lines is also called the octave gap.

Multiples of the octave gap are used for SL and TP (1 octave gap_SL: 4 octave gap_TP).

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

For example,

Minimum SL = 1* octave gap, TP = 4* octave gap
...
...
SL = 1.1*octave gap TP = 4.4*octave gap
...
...
SL = 1.25*octave gap TP = 5*octave gap
...
...
SL = 1.5*octave gap TP = 6*octave gap
...
...

Trading direction in TS:

The MML system grid can be used to indicate the direction of pairing or any other defined strategy method.

Shorting opportunities can be found at the top of the MML area.

You can look for long opportunities from the extremely low MML area.

Pairing Direction Criteria (PDC):

Ultimately PDC is left to the individual trader to decide and choose the method to apply.

I'll outline some examples of how direction selection is decided in a TS Order 3 setup, but there are many more.

Let's use the current TS order 3-#2-S3 as our first example.

TS Order 3-#2-S3

The TS 1 , TS 2 and TS 3 triangle pairings have been selected and I outlined the process in a previous post.

TS 1 : EURUSD + GBP/USD = EURUSD
TS 2 : Australian Dollar Canadian Dollar + Euro Canadian Dollar = Euro Canadian Dollar
TS 3 : GBP CAD + CADCHF = GBP PCHF

The next step is to select a pair direction for each of the 9 currency pairs (EURUSD ... GBPCHF).

a) Pair related tables (daily, weekly and monthly)

The focus is on weekly correlation tables, with additional reference to daily and monthly correlation tables.

Starting from the top row, select the maximum positive correlation value and the maximum negative correlation value across all rows.

Like this,

Weekly related table ( Source: myfxbook )

In this example, the weekly correlation table is skewed because some historical data shows that on the M15 TS Order 3 setup, trades stayed open for an average of 44 hours (almost 2 days) (this trade duration may change over time, so keep an eye on it).

It is now possible to clearly see which currency pairs move in the same basic direction as other currency pairs and which currency pairs move in the opposite direction.

This information can be used to determine whether 2 pairs in a TS such as TS1 will trade in the same or opposite directions.

b) MML grid reference

Then, use the MML grid M15 [P=64, MMP=60, and StepBack=0] for each pair to find which pair in each TS group is the "better" choice for a given direction.

For example, currency pairs with the strongest positive correlation in the TS1 grouping will trade in the opposite direction.

Similarly, this process works for all TS, so in TS Order 3 (TS 1 , TS 2 and TS 3 ) now we get the orientation of 6 out of 9 pairs.

Like this,
TS 1 : + GBP/USD = EURUSD
TS 2 : Australian Dollar Canadian Dollar + = Euro Australian Dollar
TS 3 : Pound CAD + CADCHF =

Now we need to determine the direction of the remaining 3 pairs: EURGBP, AUDCAD and CADCHF.

By reviewing the correlation table, we notice that EGbp is closer to EUsd, so we choose the long direction.
By reviewing the related tables, we notice that ACAD is closer to ECAD, so we choose the direction.
By reviewing the correlation table, we notice that CChf is closer to GChf, so we choose the long direction.

NOTE: Sometimes the choice is not straightforward, in which case always refer to the paired MML grids and make the "best" choice.

The final alignment using this approach is as follows:

TS 1 : + GBP/USD = Euro GBP
TS 2 : + = Euro Australian Dollar
TS 3 : Pound CAD + CADCHF =

It is very important to realize that there is only one basic method used here to determine the line pair directions in the triangulation set on TS order 3.

Smart traders will test several variations of this basic approach and try to apply the one most likely to produce a higher fill rate.

Another way to choose the direction of a currency pair is to purely choose a currency pair that is currently trading in or close to the extreme MML zone.

Upper MML area in the range 8/8 MML to +2/8 MML is being tried in this case .
The lower MML area is in this range where bulls reversal entry is being attempted in this case.

For each pair in the TS set and for all TSs that make up the TS sequence number, triangulating the configuration may not be possible, or at least difficult to achieve.

Higher time frame analysis (H4 and D1)

Use a higher time frame chart, such as H4 or D1 using an MML setting of P=64.

Currency pair direction can be selected based on price action (PA) on the HTF chart.

Long A can choose a direction after watching the price bounce off a solid support level.

A After watching the price bounce off a solid resistance level, you can choose a direction.

This requires patience and constant monitoring of where price is within the HTF chart in order to establish an M15 trade or series of trades.

Choice of triangle set:

This is at the discretion of the trader.

Some examples are shown above, but there are many other sets of triangles that can be traded.

The complete list of TS sets (groups of 3 triangle pairs) should be readily available.

The choice may be related to the trader's bias towards a particular currency or group of currencies at a given point in time.

For example,

In the case of the following TS command 3,

TS 1 : EURUSD + GBP/USD = EURUSD
TS 2 : Australian Dollar Canadian Dollar + Euro Canadian Dollar = Euro Canadian Dollar
TS 3 : GBP CAD + CADCHF = GBP PCHF

6 Currency is used to formulate TS Order 3, which is:

1. Australian dollar
2. Computer-aided design
3.Swiss franc
4. Euro
5. Pound Sterling and
6. USD

One may decide not to trade a given currency pair, such as a CAD due to its expected erratic behavior in the coming months.

Other decisions may decline to include a currency as typical seasonal trading ranges may influence the target price level chosen.

Depending on the TS order # risk profile, turtle pairs may be rejected, or volatile pairs may be rejected.

These will be outlined in more detail in the thread.

Account size:

Retail trading account funds can be classified as follows:

Small $500 to $2000

Medium $2,001 to $10,000

Large amount USD 10,001 to USD 100,000

Very large > $100 000

It is recommended that at least a small amount of trading funds be used when trading the MTTTM strategy.

If a small account is to be used, it is recommended to only trade TS order 1 (3 pairs) and not to make more trades until the equity reaches the "small" status.

Large capitalization matched with small exposures generally equals lower application risk, but risk must always be actively managed.

Time range:

M15 or M5 is the time frame to which the first half of the thread applies.

Higher TF will also be traded at a later stage.

entry:

M15/M5 MML system templates are used for logging entries.

Ideally, entries should be executed from a valid MML price line.

Enter at the allowed MML level or after the M5 candle closes in the TP direction.

Depending on the set configuration, the entry can be a market order or a pending order (Buy Stop, Sell Stop, Buy Limit or Sell Limit).

Entries should be as close as possible to the relevant MML entry level.

If this is not possible, the next MML level must be used.

All entries (@Market or Pending) must be placed at the same time or within 15 minutes from first trade to last trade.

Transaction input settings must conform to the scope of the MML grid for which all transactions are applicable.

Selecting a stop loss as a function of the multiple gap imposes a limit on the entry MML level for a given trade.

For example, if SL = 1*Octave Gap is chosen, the lowest possible entry point for longs is at -1/8 MML, since the SL will be placed at -2/8 MML.

If SL = 1.5*Octave Gap, the lowest possible entry for the long set is from the 0/8 MML level, because entries should be taken from the MML level and the SL will be placed at the midpoint between -1/8 MML and -2/8 MML.

Any stop loss or take profit price cannot exceed the range of the MML grid.

The upper and lower bounds of the MML grid limit the trade setup.

All trade setups will be played within the relevant MML grid upon planned entry (it is important to recheck the Octave Gap upon entry as they will be updated).

Long entries –
The lower limit MML regions from -2/8 MML to 0/8 MML are preferred only -2/8, -1/8, 0/8, 1/8, 2/8, 3/8, 4/8, 5/8 and 6/8
7/8, 8/8, +1/8 or +2/8 not long
-
Preferably, the upper limit MML regions between 8/8 MML and +2/8 MML are only +2/8, +1/8, 8/8, 7/8, 6/8, 5/8, 4/8, 3/8 and 2/8
1/8, 0/8, -1/8 or -2/8 must not be short-circuited

Exception : Crossovers or single pairs on one side of the triangle set can be traded from any MML (the purpose is to offset some of the risk)

The time to enter the market is determined by the trader and can be at, before or after any major opening.

SL:

Hard stops are always applied (no exceptions)
M15/M5 MML minimum 1 octave gap on system grid
Maximum 2 octave gaps on M15/M5 MML system grid

Extending the stop loss also means that the target price will move further out and therefore the price will reach the target further.

Traders need to make decisions about stop losses on a case-by-case basis.

However, from a manual trading perspective, it is simpler to apply the same stop loss design selection to all current trades in the same TS order setup.

Automated systems can handle complex tasks with ease.

Additional Information:

The minimum SL is 1 octave gap, the maximum is 1.5 octave gap (for M15 template);

Octave gaps will result in TP if the entry is taken from the MML level, for example:

(i) 1 octave SL = 4 octaves 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 octaves SL = 8 octaves TP

Please note that we are trading within the MML grid.
The main trading range of the MML grid is from 0/8 MML to 8/8 MML, with the 2 extreme areas making up our total trading area.

If short entries are taken from 8/8 MML, up to 2 octave gaps can be applied for SL (TP @ 0/8 MML)

If you get long entries from 0/8 MML, you can apply up to 2 octave gaps for SL (TP @ 8/8 MML)

Therefore, choosing the SL based on the octave gap count determines where the TP must be placed to ensure a 4 to 1 reward to risk ratio.

Small modifications to the stop loss are allowed as long as the total risk of all trades in the entire TS order setup is not exceeded.

Trailing stops are left to the discretion of the trader, but be fully aware that the full target price will be reached significantly less frequently, so be aware of how strategy expectations may change!

TP:

Specify 4 times your stop loss to maintain the stated 4 to 1 reward to risk ratio.

Higher TF charts such as D1, W1 or MN can be used to set TP provided at least 4 to 1 R:r is maintained.

niobium. Unless otherwise stated, MML settings for HTF diagrams should all use P=64 (with some exceptions).

Return to risk ratio:

There is always at least 4 to 1 for each entry on the entire triangle set.

The chart below shows BE's lowest win rate with a reward-to-risk ratio of 4 to 1.

Strategy Theoretical Hit Rate For a long-term reward to risk ratio of 4 to 1, it should be >= 20.0% (see chart).
The actual hit rate of the strategy So in the long run, for a reward to risk ratio of 4 to 1, it should be >= 22.2% (2/9 winners).

A trading system is considered profitable if the strategy returns an average of 3/10 (30%) winning trades over the long term.


The chart above shows the various outcomes of trading a $10,000 account with a fixed reward-to-risk ratio of 4 to 1.
Determine the following situations:

(a) All losing trades will result in a loss of 9% (fixed risk of 1% per trade) or - USD 900, with a final TS order 3-period balance of USD 9100, and
(b) 8 losing trades resulting in a 4% loss (fixed 1% risk per trade) or - USD 400, resulting in a final TS order 3-period balance of USD 9,600

Therefore, losing 9 trades in a row would result in a worst case scenario of a 9% loss on the trading account!

The blue shaded area identifies the following situations:

(a) All winning trades will result in 36% profit or +$3600, resulting in a final TS order 3 cycle balance of $13600
(b) 8 winning trades resulting in 31% gain or +$3100, final TS order 3 cycle balance of $13100
(c) 7 winning trades resulting in 26% gain or +$2600, final TS order 3 cycle balance of $12600
(d) 6 winning trades resulting in 21% gain or +$2100, final TS order 3 cycle balance of $12100
(e) 5 winning trades resulting in 16% gain or +$1600, final TS order 3 cycle balance of $11600
(f) 4 winning trades resulting in 11% gain or +$1100, final TS order 3 cycle balance of $11100
(g) 3 winning trades resulting in 6% profit or +$500, final TS order balance for 3 cycles is $10,500
(h) 2 winning trades resulting in 1% gain or +$100, final TS order 3-period balance of $10,100

Therefore, it only takes 2 winning trades out of 9 to produce a positive result!

Be careful about drawing any solid conclusions about a strategy unfolding in live markets, especially if it is based on a small sample size.

A small sample size may not provide any meaningful results and is likely to be of a random type nature.

The higher the number of transactions that form part of the analysis, the better (number of transactions >100-200 is probably ideal, higher is better).

Please note that in this approach, running each trade to a full stop loss or full take profit price may not always be feasible, especially if the price decides to move within the stop loss and take profit levels for an extended period of time.

In fact, some trades will most likely be closed below the full stop loss or below the full target price.

Traders need to be aware of the importance of this issue and how it may affect trading results.

Trade Management:

A "set it and forget it" manual trading approach can be applied.
Traders are advised to monitor all settings from time to time.
Minimizing disruption to trading is preferred.
Traders have the right to modify trades in response to potentially negative news events or other key events.

Risk management:

The maximum risk per trade is determined by the trader, but must take into account the total number of trades in the entire trading account sequence.
A range of 0.01% to 2% per transaction is best.

The risk per trade in TS order 3 (9 pairs) should not exceed 1%, as this means the total risk for the entire setup is 9%.
If trades for higher order TS consist of more pairs, the risk per trade should be << 1% per pair (possibly 0.25% to 0.5%).
The total risk of an account is the sum of all current trades SL running on the market.

Total risk for TS order 1 of 1%_SL per trade is 3%
Total risk for TS order 3 at 1%_SL per trade is 9%
The total risk for 5 TS orders of 1%_SL per trade is 15%
Total risk for 7 TS orders of 1%_SL per trade is 21%
Total risk for 9 TS orders of 1%_SL per trade is 27%
The total risk per TS order 11 @ 1%_SL is 33%

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

For example,

A TS Order 1 consists of 3 trades in total, so the risk per trade is probably acceptable for the total risk.

A TS Order 3 includes a total of 9 transactions, so the total risk per transaction may not be acceptable.

For higher order TS, this may mean reducing the risk on each trade so that the total risk is reasonable.

Design a plan for the risk management portion of your trading strategy:

(a) If completed TS order placement results in consideration of risk reduction for each trade
(b) If the completed TS order setup results in positive returns consider increasing the risk per trade

TS Order 3 loop example

Assume current risk per trade = 1%

If TS order 3-A (1% risk per trade * 9 trades = 9%) is a net loser ;
Then TS order 3-B (0.8% per trade * 9 trades = 7.2%) only applies 0.8% risk per trade.

If TS Order 3-A is a net winner and TS Order 3-B is a net winner, continue to risk 1% per trade, or increase the risk to 1.2% per trade.
However, it is important to note that this brings the total risk per TS order 3 to 1.2% * 9 trades, with a potential loss of 13.5% if all trades lose.
This type of risk may not be sustainable in the long term and could lead to catastrophic results.

After a series of winning TS orders 3, it is not recommended to continue to increase the risk on each trade because eventually there will be losing TS orders 3.
The trader is responsible for designing and setting the applied risk for each trade, but it must be sensible and realistic.

The focus should be more on reducing the risk of net losses on TS orders and then slowly increasing the risk back to the initial risk on each trade after positive progress is made.

As your account equity grows, look for ways to minimize the risk you apply!

Generally speaking, as account equity increases, the risk for the entire account should decrease to minimize the adverse outcomes of future TS orders.

However, traders can sometimes apply.

Calculated risk example for TS order 3:

Starting balance = 10 000
Current balance = 12 000

Account equity % return is +20%

Current risk per trade = 1% (total risk for 9 trades is 9%)

Next TS Order 3 Risk Approach

Applied risk per trade = (Total risk for 9 trades is)

Please note that theoretically (not taking into account negative slippage issues) even if all trades lose money (unlikely), the starting account balance value is still protected.

In just a few weeks, one of our key focuses is on preserving initial capital, based on equity returns and risk applied on each trade.

Stock charts (end-of-day data) for a good, well-managed trading strategy typically show only minimal drawdowns below the initial capital level in the early stages of the trade, followed by future equity that does not fall below the initial investment .

All future equity declines after the initial period are typically much lower. The maximum peak to trough decline is 29%, the lower the better.

If all trades are losing, the account loses -13.5%. However, the equity increases by +20%, so in the worst case the final balance will still be greater than the starting balance, thus preserving funds.

There are many ways to calculate risk, but the idea should be to apply it very, very carefully (even if conditions look good, which they won't always be) and only if increased risk will not cause the account balance to drop below the starting balance.

If the current balance is lower than the starting balance after TS order # is completed, you should consider reducing the risk on each trade.

The calculated risk is only applied (with caution) if the account equity percentage gain is greater than the assumed worst-case risk scenario.

Additional entries:

It is at the discretion of the trader, but current withdrawals or floating interest should be taken into account.
Consider how the risk profile of the entire account might change as trades are added.

Optional MTTTM TS ordering strategy guide:

I prefer to provide a list of guidelines rather than thinking of them as a set of rules.

Trades should be placed on a Stop Loss or Take Profit basis ( reward to risk ratio per trade must be 4 to 1 ) unless there is significant impact news or a W/E gap;
Set the equity return percentage or dollar return closing amount, but avoid resulting in less than 1 to 1 R:r;
TSs that run all night and have a positive net value (e.g. M5, M15...HTF TS not applicable) can be closed before the next scheduled TS start time;
If the pending order has not been triggered on the same day or at least 4 hours later, the pending order can be deleted;
Initially keep R:r at 4 to 1.
Consider reducing risk per trade after losing periods, but be sure to extend SL using relatively small batch sizes ( 2 parameter approach ).
After you return to a winning cycle (not a single trade, but a net positive return for the entire TS order setup), consider increasing your risk again.
Monitor the trade stop and leave the wider stop if it decreases and the larger stop appears to provide a greater cushion.
Please note that there is a limit to the size of the stop loss, usually in MTTTM this is 2 octave gaps and not more (4 to 1 TP!?).
TS order designs (same every time, selective, random, partial hedging, box hedging, extreme MML zone pairing, etc.).
Consider the higher TF MML grid (HTF offers the same series of MML lines (13), but usually in larger octaves (12), forcing larger stops).

Note: Please be aware of the impact on long-term expectations if a trade is closed early (weekend closing is an exception).

Comment:

I would first use a demo account and trade manually and recommend other traders to do the same.

Fundamental analysis is limited in trading strategies in lower TF but should be considered in HTF.

Mainly mechanical and technical methods.

The initial setup of the triangle set will be the most time-consuming exercise (Lot_Size-MTTTM indicator is now released), but with practice everything will become faster and easier.

SLs then need to be assigned, noting that not all pairs on the MML grid exhibit the same octave gap, and the point values ​​of a given pair are also different from other pairs.

Since the octave gap may be different and the currency pair selection may be different, the points assigned to a given trade may also be different.

Therefore, even if all entries of the same TS order group have the same risk per trade, the lot size allocated to a given currency pair will vary.

Please pay attention to the following formulas as they need to be applied to the currency pair for each trade.

Lot Size = Dollars Risked Per Trade / [Octave Gap * Pip Value Per Lot] ...consider using any Octave Gap multiplier

Risk per trade is calculated based on the risk percentage specified by the trader for each trade, such as 0.01%, 0.1%, 1% or 2%

An example of applying 1% risk per trade to a balance of 10 000 is as follows:

Account balance = 10 000
Risk per trade (trader allocation) = 1% = 1/100*10 000 = 100
Assuming currency pair = EURUSD
Assume that the multiplier = 25 pips. Lots of EURUSD = Risk USD per trade / [Multiplier * pip value per lot of currency pair] = 100/(25*10) = 0.4 lots.
Number of lots used * Point value per lot * Frequency difference check 0.4 lot value
[It should be equal to dollars risked per trade...in this case it does = 100 = 1% risk of 10 000].

=================================================================================
MT4 tools (to be phased out in the coming months):

Batch MTTTM indicator & Instrument_Changer-28_pairs-MTTTM indicator

Murrey_Math1-MTTTM_M15 indicator

MML - Fibonacci indicator... coming soon!

MT4 Tools Zip Folder


Note 1: Some metrics include an expiration date, but this may be extended based on post engagement.
Note 2: To use the MML Fibonacci indicator, please follow the instructions in the About tab.

MT5 Tools:

All indicators and templates will be switched to MT5 soon!

MT5 Tools Zip Folder....coming soon!

Therefore, if 3 triangle sets are traded, 9 calculations will be involved (1 for each of the 9 trades).

Always double-check calculations to ensure the same risk profile is always applied.

When applying a trade, use your mouse to hover over the stop lines to check if they are correct.

The idea of ​​the MTTTM method is to give all transactions time to work.
As the TS trading cycle is completed, it is important to evaluate trading data and look for ways to improve your hit rate.

There will be winners and there will be losers.

The win/loss ratio may be fairly unimpressive, but that's not a problem since the strategy relies on a limited number of winning trades to generate net gains, which translate into long-term account growth.

Consider TS order 1 (3 trades) @
1 losing trade(L) =
1 winning trade (W) = +4%
3 Loss = 3*(-1%) =
2L + 1W = 2*(-1%) + 1*(4%) = +2%
3W = 3*(4%) = +12%

Even if you lose 2 trades, only 1 winner will make a net profit (+2% profit).

As an exercise, execute TS commands 3, then 5, then 7, and so on.

TS order 3 @ has a range [ to +36%].

Recall that TS Order 3 is a set of 9 transactions.

You're unlikely to get a 9/9 winner, are you...although it's possible.

Judging from the minimum number of winners required to achieve a net gain.

2 out of 9 trades need to be profitable to achieve a net gain of 1%.
Three out of nine trades need to be profitable to achieve a net return of 6%.
Four of the nine trades would need to win to achieve a net positive of 11%.

However, 2,3 or 4 profitable trades out of 9 are still less than a 50% success rate!

Small accounts may be better off trading only a 3-pair triangle setup (TS Order 1) until the account equity grows much more.

Larger accounts can trade any order triangle for the following reasons:

1 triangle = 3 pairs
3 triangles = 9 pairs
5 triangles = 15 pairs
7 triangles = 21 pairs
9 triangles = 27 pairs
11 triangles = 33 pairs

A set of 3 triangles (9 trades) in TS orders should be the limit until full confidence in the system is gained and it makes sense to do so.

1. Equity Curve Tracking Management (ECTM)

2. Dynamic Feed Approach (DFA)

3. MATLAB (analysis engine and code)

4. Python code (Pandas backtesting using Zipline and Quantopian; Quant platform and Python for algorithmic trading)

5.Java code

These concepts can be outlined in terms of reasonable thread participation.

Note: The MTTTM strategy is provided here in "raw" form, leaving it up to traders to refine and refine the techniques themselves.

MYFXBOOK link:

MTTTM-Test 1
https://www.myfxbook.com/members/MAS...-ttt-m/2359306

MTTTM-Test2-Lev25
https://www.myfxbook.com/members/MAS...-lev25/2628451

MTTTM-Live-1K
.....To be attended...

Test M TTT using M Method Demo Account first.

If trading on a live account, please be aware of the risks involved.

This method relies on taking only a small number of profitable trades from a group to generate a net gain.

After the larger cycle of triangle trading is completed, evaluate the results, make adjustments and repeat the process.

Consider the additional risks involved in opening a TS setup on a Friday and the possible impact of an unfavorable weekend gap.

If the risk profile is also adhered to, it should be a very simple system.
However, MTTTM strategies can quickly become very complex.

For advanced versions and higher order TS settings, it is highly recommended to use Trade Manager or Expert Advisor.

A series of MT5 tools may appear in the future as assistants to traders.

Remember, the trader is ultimately responsible for overseeing the entire process, not the tools being applied.

Test it out and post your experience!

planner............