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Attachments: High & Low 8 Hours (GBP/JPY)
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High & Low 8 Hours (GBP/JPY)

Quoting Bobcat2
Hey Bill,

There are 3 Nicotina trades discussed on this forum. I call them Nico 8 (trade time @ 8PM CST), Nico 10 (10PM CST) and Nico 12 (Midnight CST).

Each trade varies regarding currency pairs, SL, TP. etc..

What I have been trying to do, is split my trading exposure evenly amongst the 3 trades. The benefits are that I am investing in the market movement at 3 separate entry points which gives me greater diversification, and an opportunity to size up the market as the evening progresses. I have only been trading this way for a few days, but I am enjoying winning overall net pips most every day, despite a few SL's here and there.

How do you view this approach? Do you consider it to be viable long-term? I have a bunch of other straddle strategies that I employ, buyt I am currently concentrating my efforts with Nico.

Bill...many thanks to you for providing translation/explanation for our group, here. You have made it much easier to comprehend. When I earlier noted that you "endorsed" the Nicotina system, that was all I had to know that something special was happening, here.

Keep up the great work, my friend!
Bob in Wisconsin


Bobcat2,
I have followed this 'Nico8' system with Billbss help for a while now and am very pleased, however i was unaware of Nico 10 and Nico 12. Could you put up a link perhaps?
Many thanks
learn, profit, share
Hi Harv,

As I mentioned in my last post, the "optimized" and "other" versions are both contained in THIS thread. The "Nico 8, 10 and 12" are merely nicknames that I use to differentiate amongst the three versions. The reason for that is the details about the relevant timeframes and trade parameters (SL, TP, etc.) are somewhat different from one another.

I was not necessarily endorsing the trading of Nico 10 and 12...I was wanting Bill's opinion regarding the effacacy of the triple trades as he sees it.

Cheers!
Bob in Wisconsin
Quoting Bobcat2
Hey Bill,

There are 3 Nicotina trades discussed on this forum. I call them Nico 8 (trade time @ 8PM CST), Nico 10 (10PM CST) and Nico 12 (Midnight CST).

Each trade varies regarding currency pairs, SL, TP. etc..

........

Keep up the great work, my friend!
Bob in Wisconsin
Bob,
Can you give more details about the system you mentioned? I would like to learn what are the SL, TP values for NIco8, Nico10, Nico12 ( I liked the way you called them ) for GBP/JPY specific. Did you test this strategy other than trading for the last couple of days as you mentioned?
21/11/2007


Buy: 227.49
Sell: 226.11
Hi FX97,

All the info is in previous posts. Please reread. Make sure you trade the G/U pair (not G/J) @ 600GMT for Nico 12.

Nico 8 (G/J)
1800-200 GMT
TP 100
SL 50

Nico 10 (G/J)
2100-400 GMT
TP 93
SL 63

NIco 12 (G/U)
2200-600
TP 40
SL 20

Cheers,
Bob in Wisconsin
Quoting Bobcat2
Hey Bill,

There are 3 Nicotina trades discussed on this forum. I call them Nico 8 (trade time @ 8PM CST), Nico 10 (10PM CST) and Nico 12 (Midnight CST).

Each trade varies regarding currency pairs, SL, TP. etc..

What I have been trying to do, is split my trading exposure evenly amongst the 3 trades. The benefits are that I am investing in the market movement at 3 separate entry points which gives me greater diversification, and an opportunity to size up the market as the evening progresses. I have only been trading this way for a few days, but I am enjoying winning overall net pips most every day, despite a few SL's here and there.

How do you view this approach? Do you consider it to be viable long-term? I have a bunch of other straddle strategies that I employ, buyt I am currently concentrating my efforts with Nico.

Bill...many thanks to you for providing translation/explanation for our group, here. You have made it much easier to comprehend. When I earlier noted that you "endorsed" the Nicotina system, that was all I had to know that something special was happening, here.

Keep up the great work, my friend!
Bob in Wisconsin
Bob,
I think whatever makes money is good:-)
If you're doing well trading all three systems, I see nothing wrong with it.
There is diversity in the timing factor, so you don't really have all your eggs in the same basket.
Quoting Bobcat2
Hi FX97,

All the info is in previous posts. Please reread. Make sure you trade the G/U pair (not G/J) @ 600GMT for Nico 12.

Nico 8 (G/J)
1800-200 GMT
TP 100
SL 50

Nico 10 (G/J)
2100-400 GMT
TP 93
SL 63

NIco 12 (G/U)
2200-600
TP 40
SL 20

Cheers,
Bob in Wisconsin
I believe the "Nico 10" that you listed was perfected by AutotraderFX. He optimized it using Trade Station.
Quoting Bobcat2
Hi FX97,

All the info is in previous posts. Please reread. Make sure you trade the G/U pair (not G/J) @ 600GMT for Nico 12.
.....

Cheers,
Bob in Wisconsin

Bob,
I did read every post in this thread, however, I think it was a while ago that I did forget. Thanks for your highlights anyway
I just manually backtested November and I show +650 pips.
I could have made some errors.
Quoting billbss
I just manually backtested November and I show +650 pips.
I could have made some errors.
Yep, you're right. For me it shows +670 pips. The difference of +20 was due to the price closing the day before hitting the limit level.

Average win = 89.17
Average loss = 50
Wins = 12 / Losses = 8 (60% win)
1.78 Win/loss ratio

Of course it's a small fraction of the months, but it looks good.
Quoting LazyPip
Yep, you're right. For me it shows +670 pips. The difference of +20 was due to the price closing the day before hitting the limit level.

Average win = 89.17
Average loss = 50
Wins = 12 / Losses = 8 (60% win)
1.78 Win/loss ratio

Of course it's a small fraction of the months, but it looks good.
Are those results for just only Nico 8 or Nico 8 and Nico 10 together? Is it for G/J?
Quoting Fx97
Are those results for just only Nico 8 or Nico 8 and Nico 10 together? Is it for G/J?
I used the original "classic" 1800-2000 GMT timeframe in GBPJPY only.
Quoting LazyPip
I used the original "classic" 1800-2000 GMT timeframe in GBPJPY only.
I see thanks LazyPip...Sell order just triggered... cross your fingers
hey FX 97,

see if you can modified this indicator to make it better... here is the screen shot for today and the template I am demo on IBFX.... thanks to the original posters.... Shimodax...... CJA... Hans123......and most of all. Thanks Nicotina.... There are more people to thanks.. Well.. Thanks all.
Attached Image (click to enlarge)
Click to Enlarge Name: nicnov21.gif Size: 27 KB
Attached File(s)
File Type: mq4 SDX-ZoneBreakout-Nicotina.mq4   9 KB | 890 downloads
File Type: mq4 Clock_v1_2.mq4   16 KB | 619 downloads
File Type: mq4 GMACD_Signals.mq4   14 KB | 659 downloads
File Type: tpl nicotina_breakout.tpl   130 KB | 885 downloads
File Type: ex4 _Signal_Bars_v4.ex4   64 KB | 650 downloads
sorry , one more indicator...... thanks Palmer for this indi......
Attached File(s)
File Type: mq4 4h_MACD_Rhythym.mq4   5 KB | 641 downloads
Quoting sovo1970
sorry , one more indicator...... thanks Palmer for this indi......
Sovo1970,
First of all thanks for sharing those. At this point I have no idea what they are about but definitely will spend some time on them. Coming long thanksgiving weekend will be good for messing around as much as I can. On the other hand, as I said before, I am a newbie to forex, EAs, MQL4. I started learning MQL4 and is going pretty well I should say. However, It will sure take some time for me to "modify" anything .

In the mean time, is forex trading be active on Thursday and Friday since it is thanksgiving holiday?
well.... I am not a programer..... I just mod the SDX break out.... per Nicotina...When you have time.... you could try to make it better and share to the community.... after all, We all learning how to trade Forex and want to be successful at it..... As for trading... I believe the Market is still trading for the Asian and London Session..... I donot believe the US session will be any active..... IMO.. well good luck to all.
By the way.... You could use the SDX breakout indicator to back test Nicotina system. here is the screen shot....of it.... you can scroll back the platform..... and see how the system performed.....
Attached Image (click to enlarge)
Click to Enlarge Name: nicnov21b.gif Size: 22 KB
Read the thread and used the system. Just made the target short. Many thanks
I typed for SL 40 instead 50, and bam get stoped for 1 pip.
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