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Nb 10.0 trend trading system

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  • Post #61
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  • Aug 11, 2011 4:59pm Aug 11, 2011 4:59pm
  •  nanningbob
  • Joined Jun 2007 | Status: Teach men to fish | 7,383 Posts
OK prices have now finally retraced to where you can Sell/buy back into the trend or take the BO into a new direction. I have the IO EA on the following:

USD/CHF
GBP/NZD
GBP/CHF
GPB/AUD
EUR/NZD
EUR/AUD

And example picture would look like this:
Attached Image (click to enlarge)
Click to Enlarge

Name: usd chf.gif
Size: 24 KB
 
 
  • Post #62
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  • Aug 11, 2011 5:01pm Aug 11, 2011 5:01pm
  •  nanningbob
  • Joined Jun 2007 | Status: Teach men to fish | 7,383 Posts
Quoting Mediator
Disliked
now they do

but did not tested it
Ignored
Let me know if they work and I will post them on PG1 Post 1
 
 
  • Post #63
  • Quote
  • Aug 11, 2011 8:07pm Aug 11, 2011 8:07pm
  •  osthafen
  • | Joined Jun 2011 | Status: Member | 23 Posts
Quoting nanningbob
Disliked
.....Getting a dashboard to recognize and change during a candle to me is the tricky part. I can see it on a chart but writing that into code to me is more difficult. The 2nd difficulty is the candles with huge wicks, then we may use the body of the candle to determine its break into a new run. So how to do the dashboard on a present candle? The only way I can think of is the dashboard gives us the previous candle and changes on the present if it breaks the previous swing high/low or the line. For example you may want two columns that indicate...
Ignored
Hi Bob,

I changed the Dashboard with these rules:

For the previous candles:

 

  1. If Open,High,Low,Close are outside the lines, it's a UT,DT- otherwise it's a RT.


For the present candle:

 

  1. If the previous candle was an UT/DT and Open,High,Low,Bid are outside the lines it's also an UT/DT wether the Bid is higher/lower than the previous High/low or not.
  2. If the previous candle was a RT and Open,High,Low,Bid are outside the lines and the Bid is higher/lower than the previous High/low it's an UT/DT.
  3. If the previous candle was a RT and Open and Low are INSIDE the lines, and High and Bid are above, it's a break-out-up (BOU)
  4. If the previous candle was a RT and Open and High are INSIDE the lines, and Low and Bid are underneath, it's a break-out-down (BOD)
  5. If Bid breaks a previous High/Low inside the lines it's a BOU/BOD (are you sure about this?)

Did I get that right ?

Cheers
osthafen

Attached File(s)
File Type: mq4 NB 10.0 Dashboard.mq4   8 KB | 854 downloads
File Type: tpl nb 10.0 dashboard.tpl   < 1 KB | 700 downloads
 
 
  • Post #64
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  • Aug 11, 2011 8:21pm Aug 11, 2011 8:21pm
  •  osthafen
  • | Joined Jun 2011 | Status: Member | 23 Posts
Quoting Forethan
Disliked
Thanks for sharing this!!!
But what does means swaplong ans swapshort???
Ignored
@Forethan,

if you hold a position over night (about midnight/server-time) it will be rolled over to a new value date. As a result, positions are subject to a swap charge or credit (negative values are a charge).
Some brokers have high charges on some pairs if you're going short over night, so you might not want to trade these pairs.

osthafen
 
 
  • Post #65
  • Quote
  • Aug 11, 2011 9:23pm Aug 11, 2011 9:23pm
  •  George Adams
  • | Joined Jul 2011 | Status: Investor &amp; Trader | 138 Posts
Below is an example of a challenging area in the system for setting up a trade, which I have some indecision on. The EUR/JPY is 3 days of candles in DT, so options would be:

1. Put on the 1HR Re-entry Sell EA. Issue here is it is already 3 days in DT and easily can snap back in reversal to retrace.

2. Put on the daily recovery EA. This would be counter trend, but perhaps less risk on DD vs. the late trend trade.

3. Wait for the pair to move to the center of the 2MA and 8MA for the Breakout EA.

4. Use a 1H or 4H CTR EA to counter trade back up to the 2MA. On a fairly volatile pair, lots of risk there.

Wanted to see how others are handling this set-up. I have chosen to just wait for option 3 and only take trend trades on Day 1 of the trend. I did take a trend trade on day 3 as you see from the chart, but reflecting on this, more risk exists the more days go by in DT.

George
Attached Image (click to enlarge)
Click to Enlarge

Name: eurjpy daily.gif
Size: 25 KB
 
 
  • Post #66
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  • Aug 11, 2011 9:27pm Aug 11, 2011 9:27pm
  •  Mediator
  • | Joined Oct 2010 | Status: Member | 312 Posts
Quoting osthafen
Disliked
Hi Bob,

I changed the Dashboard with these rules:

For the previous candles:

 

  1. If Open,High,Low,Close are outside the lines, it's a UT,DT- otherwise it's a RT.


For the present candle:
[list][*]If the previous candle was an UT/DT and Open,High,Low,Bid are outside the lines it's also an UT/DT wether the Bid is higher/lower than the previous High/low or not.

Ignored
is this reduntand?
 
 
  • Post #67
  • Quote
  • Aug 11, 2011 9:51pm Aug 11, 2011 9:51pm
  •  osthafen
  • | Joined Jun 2011 | Status: Member | 23 Posts
Quoting Mediator
Disliked
is this reduntand?
Ignored
Somehow. But the present candle needs more rules than the previous ones. So it's considered if Bid is higher/lower than the previous high/low. Only if the previous candle was allready an UT/DT high/low is not used.
 
 
  • Post #68
  • Quote
  • Aug 12, 2011 4:45am Aug 12, 2011 4:45am
  •  nanningbob
  • Joined Jun 2007 | Status: Teach men to fish | 7,383 Posts
I changed the Dashboard with these rules:

For the previous candles:

 

  1. If Open,High,Low,Close are outside the lines, it's a UT,DT- otherwise it's a RT.

YES

For the present candle:

 

  1. If the previous candle was an UT/DT and Open,High,Low,Bid are outside the lines it's also an UT/DT whether the Bid is higher/lower than the previous High/low or not.

Yes because price may just be resting a bit before going on. The biggest thing to look for is called the engulfing candle that dwarfs those around it. Price many times will rest or RT for a while after one of those.

 

  1. If the previous candle was a RT and Open,High,Low,Bid are outside the lines and the Bid is higher/lower than the previous High/low it's an UT/DT.

Yes but do not include the Sunday candle.

 

  1. If the previous candle was a RT and Open and Low are INSIDE the lines, and High and Bid are above, it's a break-out-up (BOU)

See explanation below but you also need a BO from the previous swing high or low to have a BO.

 

  1. If the previous candle was a RT and Open and High are INSIDE the lines, and Low and Bid are underneath, it's a break-out-down (BOD)

A high above aline and a low below a line are always RT unless you have a very compelling fundamental reason not to think that. For example a news story just broke and price is taking off like a jet. Then you go with the flow.
I only consider this a BO if price goes past the last swing high or swing low. I showed a pic of the eur/usd where price just keeps moving up and down past the two lines. When price BO out from that range then you can have a trend direction.

  1. If Bid breaks a previous High/Low inside the lines it's a BOU/BOD (are you sure about this?)

Inside the lines is always RT but you are looking for a BO. You can choose to BO in either direction or BO in one direction.
Did I get that right ?

Cheers
osthafen

 
 
  • Post #69
  • Quote
  • Aug 12, 2011 5:20am Aug 12, 2011 5:20am
  •  The flame
  • | Joined Dec 2009 | Status: Pips brewer | 210 Posts
Quoting George Adams
Disliked
Below is an example of a challenging area in the system for setting up a trade, which I have some indecision on. The EUR/JPY is 3 days of candles in DT, so options would be:

1. Put on the 1HR Re-entry Sell EA. Issue here is it is already 3 days in DT and easily can snap back in reversal to retrace.

2. Put on the daily recovery EA. This would be counter trend, but perhaps less risk on DD vs. the late trend trade.

3. Wait for the pair to move to the center of the 2MA and 8MA for the Breakout EA.

4. Use a 1H or 4H CTR EA to counter trade back...
Ignored
i'm countertrading it with the 1hr ea...
gys a coupl of days (maybe next monday) ill release phover dashboard etc!
till now amazing: in 3 days 13,5% trading a 1 lot for 100k capital...
 
 
  • Post #70
  • Quote
  • Aug 12, 2011 6:09am Aug 12, 2011 6:09am
  •  nanningbob
  • Joined Jun 2007 | Status: Teach men to fish | 7,383 Posts
Quoting George Adams
Disliked
Below is an example of a challenging area in the system for setting up a trade, which I have some indecision on. The EUR/JPY is 3 days of candles in DT, so options would be:

1. Put on the 1HR Re-entry Sell EA. Issue here is it is already 3 days in DT and easily can snap back in reversal to retrace.

2. Put on the daily recovery EA. This would be counter trend, but perhaps less risk on DD vs. the late trend trade.

3. Wait for the pair to move to the center of the 2MA and 8MA for the Breakout EA.

4. Use a 1H or 4H CTR EA to counter trade back...
Ignored
Or do not trade. I waited for price to come back inside if I see large distance between the lines and price. Knowing the fundamental behind the move helps. If you say I know no major fundamental then probably price is not going to keep going. So playing the retrace is helpful.
 
 
  • Post #71
  • Quote
  • Aug 12, 2011 6:19am Aug 12, 2011 6:19am
  •  whitegoodman
  • | Joined Oct 2008 | Status: Member | 1,080 Posts
Quoting The flame
Disliked
i'm countertrading it with the 1hr ea...
gys a coupl of days (maybe next monday) ill release phover dashboard etc!
till now amazing: in 3 days 13,5% trading a 1 lot for 100k capital...
Ignored
yeh im thinking ill only use the 1hr EA its like what i wanted for the 60x90 system but more dynamic with price... is it possible in the code to change the timeframe and allow re-entries? its be a dream to bot this on audnzd and audcad etc
Grabbing the bull by the horns!
 
 
  • Post #72
  • Quote
  • Aug 12, 2011 7:28am Aug 12, 2011 7:28am
  •  earthca
  • | Joined Mar 2010 | Status: Member | 36 Posts
Quoting The flame
Disliked
i'm countertrading it with the 1hr ea...
gys a coupl of days (maybe next monday) ill release phover dashboard etc!
till now amazing: in 3 days 13,5% trading a 1 lot for 100k capital...
Ignored
13.5% ?? typo error here. I count on EJ chart for past 3 days.. maxium 400 pips by 1H CTR. This translate into abt $4000, 4% only.
 
 
  • Post #73
  • Quote
  • Aug 12, 2011 9:16am Aug 12, 2011 9:16am
  •  The flame
  • | Joined Dec 2009 | Status: Pips brewer | 210 Posts
Quoting earthca
Disliked
13.5% ?? typo error here. I count on EJ chart for past 3 days.. maxium 400 pips by 1H CTR. This translate into abt $4000, 4% only.
Ignored
talking about the system in general with 20 pairs..no typo at all..
tp af 40 pips, trail after 25 with a step of 2
there u go mate:
Attached Image(s) (click to enlarge)
Click to Enlarge

Name: DetailedStatementprova.gif
Size: 6 KB
Click to Enlarge

Name: temp2.jpg
Size: 438 KB
 
 
  • Post #74
  • Quote
  • Aug 12, 2011 9:37am Aug 12, 2011 9:37am
  •  whitegoodman
  • | Joined Oct 2008 | Status: Member | 1,080 Posts
what do you mean by step of 2?
Grabbing the bull by the horns!
 
 
  • Post #75
  • Quote
  • Aug 12, 2011 9:47am Aug 12, 2011 9:47am
  •  The flame
  • | Joined Dec 2009 | Status: Pips brewer | 210 Posts
Quoting whitegoodman
Disliked
what do you mean by step of 2?
Ignored
at 25 be, 27 save 2 pips, 29 4pips, 31 6 pips and so on..
 
 
  • Post #76
  • Quote
  • Aug 12, 2011 9:57am Aug 12, 2011 9:57am
  •  whitegoodman
  • | Joined Oct 2008 | Status: Member | 1,080 Posts
Quoting The flame
Disliked
at 25 be, 27 save 2 pips, 29 4pips, 31 6 pips and so on..
Ignored
oh i see, do you use re-entries? ie averaging the position down?
Grabbing the bull by the horns!
 
 
  • Post #77
  • Quote
  • Aug 12, 2011 11:15am Aug 12, 2011 11:15am
  •  The flame
  • | Joined Dec 2009 | Status: Pips brewer | 210 Posts
if i see a setup i take my 40 pips and move on...
i took 1 L2 on eurchf because it was time to!
 
 
  • Post #78
  • Quote
  • Aug 12, 2011 2:27pm Aug 12, 2011 2:27pm
  •  osthafen
  • | Joined Jun 2011 | Status: Member | 23 Posts
Quoting The flame
Disliked
at 25 be, 27 save 2 pips, 29 4pips, 31 6 pips and so on..
Ignored
good setup - do you use a special MPTM-EA for this ?
 
 
  • Post #79
  • Quote
  • Aug 12, 2011 4:50pm Aug 12, 2011 4:50pm
  •  The flame
  • | Joined Dec 2009 | Status: Pips brewer | 210 Posts
just phover's dashboard...it has a lot of features!
 
 
  • Post #80
  • Quote
  • Aug 12, 2011 8:00pm Aug 12, 2011 8:00pm
  •  lotabulstool
  • | Joined Mar 2009 | Status: Member | 56 Posts
Quoting The flame
Disliked
if i see a setup i take my 40 pips and move on...
i took 1 L2 on eurchf because it was time to!
Ignored
I am looking forward to the dashboard release. Would you be willing to share your settings file for the ea or are you just using default except for 40 tp and trailing stop?
 
 
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