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Nb 1.0 trend trade system

  • #1,081
  • Mar 30, 2011 12:39pm Mar 30, 2011 12:39pm
Quoting nanningbob
There is a trailing stop function in the MTPM My experience with trailing stops is as soon as they function, price, very strangely for some reason, goes to the stop and hits it. So why lose the pips every time? If I think I　need a TS I just take the profit at that point. That is just my personal feelings though. So it is in the programming if you want to use it. I　have not used it though.
I am trying to demo the system on the lower tf. Would anyone can help me how to come up with the TMA on M1.
Thanks.;

Edd
  • #1,082
  • Mar 30, 2011 3:16pm Mar 30, 2011 3:16pm
Talk about having discipline with this system. It looks like it works great when a setup appears but those setups dont come too often.
  • #1,083
  • Mar 30, 2011 5:22pm Mar 30, 2011 5:22pm
I had to get back to this post as I had an interesting thought after I read it. If most people are using the 15+3 EA and find that they get a lot of break evens. I wonder what the profitability would be if we close half the position at 15 pips, then set the stop loss to break even and let the remaining 50% of the trade reach take profit.

Since the probably of reaching TP is lower this approach might be a bit more profitable.

I'll give it a shot.

Quoting Raindrops
Here are the results from my trading after I set up NB's Manual system, and using it with the MPTM 15+2, using a jump stop loss of +20:

Currency / # Pips:
AUSJPY +20
EURCAD +2
GBPUSD +2
GPBCHF +20
USDCAD +2
GBPAUD +2
GBPCHF +2
AUDCHF +2
USDJPY +2.2
NZDJPY +2
AUDJYN +2
CHFJPY +2
GPBCAD +2

2 of my trades were still open at the close of the market on Friday, NZDJPY and GBPAUD.

SandFX, I thought we both would have made money on the USDCAD, but I see later that it got stopped out, and we only made 2 pips... I like the idea of...
  • #1,084
  • Mar 30, 2011 10:46pm Mar 30, 2011 10:46pm
I really didn't trade today. Didn't see anything really worth getting into. A couple seemed ok, but I rather stay out being it's getting so close to Friday.. The Egg-Role report.

I did my '5 minutes' of research and I still didn't see anything for tonight. I'm getting ready to head to bed. Maybe it will change over night. But tomorrow I may be taking it easy. Not sure yet.

I have been looking at the Daily chart. I've moved over the TMA and the MAs and things look really interesting. Especially when the 5 MA gets close to the outer TMA and then price crosses.. mmm.. I need to look at this with more intensity

Nite

  • #1,085
  • Mar 30, 2011 10:54pm Mar 30, 2011 10:54pm
Quoting nonfiction
I had to get back to this post as I had an interesting thought after I read it. If most people are using the 15+3 EA and find that they get a lot of break evens. I wonder what the profitability would be if we close half the position at 15 pips, then set the stop loss to break even and let the remaining 50% of the trade reach take profit.

Since the probably of reaching TP is lower this approach might be a bit more profitable.

I'll give it a shot.
Hi, I've actually coded my own EA using % of ATR rather than a fixed 15/3 in order to treat each currency the same. If one has an ATR of 10 and another has 50, it doesn't make sense to use the same settings on both. I too am watching to see if the BE settings are costing me money or saving me a bundle.

I've seen a number of systems that use the "close 1/2, save 1/2 for later" approach. In this case if you're setting the remaining half at 0 BE, not 3, then you get 7.5 pips for each BE instead of 3 but you cut any possible winner in 1/2 while leaving the original loss risk at full. So it really depends on the Win/Loss/BE ratio of this system. You would need at least twice as many Wins as Losses, assuming a 1:1 ratio because it would still take a lot of BEs to make up a full win.
  • #1,086
  • Mar 30, 2011 11:31pm Mar 30, 2011 11:31pm
Are the files on page 1 current? I see that it has not been updated since Jan 11th.
  • #1,087
  • Mar 31, 2011 2:24am Mar 31, 2011 2:24am
Quoting hogdustwilli
Are the files on page 1 current? I see that it has not been updated since Jan 11th.
Yes, there isnt that much to change. You read the charts and then let the EA enter. It is a simple basic system which tries to give you an edge in reentering the trend. Unless you change the definitions of the trend and where to reenter there isnt much to change. So I see no need for and update at this time. The system is designed to be basic and simple so you can add to it what you are comfortable with using in your trading.
  • #1,088
  • Mar 31, 2011 2:01pm Mar 31, 2011 2:01pm
Quoting nanningbob
Yes, there isnt that much to change. You read the charts and then let the EA enter. It is a simple basic system which tries to give you an edge in reentering the trend. Unless you change the definitions of the trend and where to reenter there isnt much to change. So I see no need for and update at this time. The system is designed to be basic and simple so you can add to it what you are comfortable with using in your trading.
Hey, Bob, (and others) with this system are you closing your trades on Friday or do you leave open trades over the weekend?

tx
  • #1,089
  • Mar 31, 2011 3:50pm Mar 31, 2011 3:50pm
Quoting nanningbob
Yes, there isnt that much to change. You read the charts and then let the EA enter. It is a simple basic system which tries to give you an edge in reentering the trend. Unless you change the definitions of the trend and where to reenter there isnt much to change. So I see no need for and update at this time. The system is designed to be basic and simple so you can add to it what you are comfortable with using in your trading.
Hey Bob have you looked at the possibility of manually entering a counter trend trade manually, meaning if the TMA is above the MA 240 and it bounces off the red line and back through the MA 5 going short. It seems more often than not that the price goes back down to the green line. Get a good 80 + pips both ways. For example looking at the Cad/Chf chart right now. I see that over and over. Might even take Profit on the reverse when it hits the TMA just to be safe.
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  • #1,090
  • Mar 31, 2011 7:01pm Mar 31, 2011 7:01pm
Quoting ninreznor
Hey Bob have you looked at the possibility of manually entering a counter trend trade manually, meaning if the TMA is above the MA 240 and it bounces off the red line and back through the MA 5 going short. It seems more often than not that the price goes back down to the green line. Get a good 80 + pips both ways. For example looking at the Cad/Chf chart right now. I see that over and over. Might even take Profit on the reverse when it hits the TMA just to be safe.
If price is not trending strongly that would work. For example lets say during the USA session you have a real strong run up, you may get a late afternoon USA, Aud/Nzd, or even JPY session retracement. I wouldn't try it during the USA morning session though. Take a look at the candles on a 1 Day chart and see if you are getting large wicks on the candles or full body candles. If you are getting lots of wicks then you have a chance at a solid retracement, if not, I wouldnt try it on a 1H chart.
  • #1,091
  • Mar 31, 2011 7:02pm Mar 31, 2011 7:02pm
Quoting ninreznor
Hey Bob have you looked at the possibility of manually entering a counter trend trade manually, meaning if the TMA is above the MA 240 and it bounces off the red line and back through the MA 5 going short. It seems more often than not that the price goes back down to the green line. Get a good 80 + pips both ways. For example looking at the Cad/Chf chart right now. I see that over and over. Might even take Profit on the reverse when it hits the TMA just to be safe.
On your chart example you have a big wick showing price reversal action so taking that trade probably be worth it.
  • #1,092
  • Mar 31, 2011 7:08pm Mar 31, 2011 7:08pm
Quoting ericjschroed
Hey, Bob, (and others) with this system are you closing your trades on Friday or do you leave open trades over the weekend?

tx
I almost never close all my trades but I will close profitable ones and ones not going anywhere. The trades I am counter trading I will usually keep. It depends more on what I think the market is going to do. For example this morning I close my good solid profitable trades and most of my marginal trades and then I will let the others run to see what happens next. My view on tonights action is this: If price retraces to the center, the market doesnt know which direction the news will take. If price goes high or low then the banks are preparing for the kill. They will slowly buy all day to prepare for tonights drop or sell all day slowly to prepare for tonights rise. When the news hit, they spike price to clear out all the stop losses, enter their trades and then let everyone else get in late on the ride. If I think I have read their motives right I will place my trades 5 minutes before the news even and see if I guessed right. Sometimes I win big, sometimes I dont. I never try to trade when the news arrives you will almost always get a bad entrance. Most traders blame the broker on this but the banks get first dibs on price not you or the broker.
  • #1,093
  • Mar 31, 2011 7:15pm Mar 31, 2011 7:15pm
Quoting nonfiction
I had to get back to this post as I had an interesting thought after I read it. If most people are using the 15+3 EA and find that they get a lot of break evens. I wonder what the profitability would be if we close half the position at 15 pips, then set the stop loss to break even and let the remaining 50% of the trade reach take profit.

Since the probably of reaching TP is lower this approach might be a bit more profitable.

I'll give it a shot.
Every strategy has its strengths and weaknesses. 15+3 is good in countertrading but probably not worth it in trend trading. However, you lose 50% or more on profitable trades but you also avoid a certain amount of DD. It is a choose your poison proposition. You take half your profit and price runs you say, "That sucked" If you take half your profit and price goes against you, you say, "thats cool" but maybe I should have taken all the profit while I could. In my trading my bread and butter has always been that 25-50 pip profit. I get lots of those. The 100+ ones are nice but dont really come that often. If I play for the 100+ all the time I end up with a lot of DD, Stop Losses, or dang I had 40+ back to 0, hey there is the 40+ again, dang back to 0, ahhhhhhhhhhh, theres +20, sheesh if I had taken those 3 profits I had my 100, dang now a losing trade, do I close, I could have had a 100 pips by now, dang ............ -40, do I close, do i hang in there, -80, stupid when will I learn to take those profits whenthey are there. Dang close at -100 ................... huh the trade is at +200. @^%$#@%$%*^%^#%^%%#$^&#
  • #1,094
  • Apr 2, 2011 10:44pm Apr 2, 2011 10:44pm
Quoting duffypratt
I tested the H4 system on CADUSD, but I used an additional, somewhat judgement prone, filter....
Hi Duffy,

Excellent post , from all the testing on H4 you have done I see that USDJPY is by far the best pair to trade using the 8ma filter.

Can you tell me which other pairs you feel are worth following ?
  • #1,095
  • Apr 6, 2011 1:37am Apr 6, 2011 1:37am
I have started this system manually about a week ago and here are my results. My first attempt was to create an EA which wasn't successful but I knew this system had merit. Anyway here are my results just after a week.

Some small negatives are due to the ea opening another trade after TP, so I closed them manually and changed the ea so it won't happen again.

In a weeks time it's up 389 pips.
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  • #1,096
  • Apr 7, 2011 11:48am Apr 7, 2011 11:48am
Bob,

First of all thank you so much for your hard work and effort on this site. I have traded for about 8 years with very little success. Then I ran across your threads. May I just say BRILLIANT! I did well with the 5.3 4-hour system but am now experiencing a 90% success rate with the NB 1.0 trend trading system. I spent 8 years studying charts...almost everyday..and for some reason it has just all come together with your 1-hour system. So, I thank you very much.

The question I have for you is in regards to your recovery method that I used with success on the 4-hour system. The error I made with it was that I didn't realize there was a certain order one needed to follow to close the multi-level entries...and yet it still worked for me very well. Is it such a bad idea to use the recovery method on the NB 1.0 even though you are forced by U.S. regulations to close the first entry first? I mean if your series of entries have brought you back to BE or close to it (this is the way I was doing it on the 4-hour) whats the difference? Is this just your personal preference or is there some more concrete reasoning behind it?

Thanking you in advance, Greg
  • #1,097
  • Apr 7, 2011 5:47pm Apr 7, 2011 5:47pm
Quoting greglegrande
Bob,

First of all thank you so much for your hard work and effort on this site. I have traded for about 8 years with very little success. Then I ran across your threads. May I just say BRILLIANT! I did well with the 5.3 4-hour system but am now experiencing a 90% success rate with the NB 1.0 trend trading system. I spent 8 years studying charts...almost everyday..and for some reason it has just all come together with your 1-hour system. So, I thank you very much.

The question I have for you is in regards to your recovery method that I used...
Recovery trade system was developed when currencies had already made a run to the top or bottom of the page. Your indicators show you are overbought or oversold and you have a reasonable chance of getting out safely. That may not be the case in a trend trade. You maybe playing a buy at the top half of the charts and then you face a long long run against you. All you have to do is look at the charts of JPY and CHF over the last three weeks and realize if you were on the wrong end of a trade you would be fighting it over a 3 to 4 week period so far. At least in counter trading where we use the recovery system we only would be in the trade for 2 weeks now and stand a chance of getting out safely. That is the difference.
  • #1,098
  • Apr 8, 2011 2:24am Apr 8, 2011 2:24am
Quoting CamaRon
Hi all,

I want to add my two cents worth to this excellent thread, that I just
happened upon some days ago. I really like what NB, and Steve, have come
up with here.
I've added a modified bands indi to the chart, to signal when short term bands
start to expand, indicating distribution on the move. In this case 16 period / 1.25 std. dev. When it comes on, I check for confluence with 4h chart, and if
there is, I trade . Input 1 instead of 2 in "Signal" option, and you have a place to put your stop as well.

Have a great weekend guys!
camaron
whera can i get the bottom indi in your chart?
  • #1,099
  • Apr 8, 2011 5:41am Apr 8, 2011 5:41am
I'm really liking the TMA indicator to pick you TP and SL. This isn't a NB 1.0 Trade, but have a look at this ranging market on EURCAD. It's been caught in this range for quite a few days.

Lets see how it pans out.
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  • #1,100
  • Apr 8, 2011 9:50am Apr 8, 2011 9:50am
I was wondering what FX broker you use? Bob explains in a nice way he likes to use USA based brokers. The new rules, however, changes the trading styles.

Please let us know who you places your trades. I enjoy your post and the graphics.
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