Nanningbob 4H trading system

I am going to close this thread the new thread is: http://www.forexfactory.com/showthread.php?p=3896189#post3896189
The final results Aug. 2009 to end of June 2010 was 14,195 pips gained. The final vote was 90 for, 78 against. What is laughable about all of this was 15 people voted against the system before one single trade was taken and three more voted against it after we went to version 5. Version 5 the first week made over 1100 pips. During the month of April 2010 which was our very best month of almost 5000 pip gain people were still voting against the system. Now you wonder why people lose money in Forex. Anyway thank you for all your support, I made money and to the 70 who voted against it I challenged them dozens of times to come forward with something that worked better and they never did. I can only remember one person who ever posted why he voted against, the rest were cowards I guess. Anyway I still challenge every single one of them to post a better system. I dont think a one of them every will. On to version 5.
To show you how dumb people are 2 more people voted against the system after we closed the thread and produced 14,195 pips in 10 months. That is an average of almost 1500 pips a month. That shows you how dumb people really can be.
A note from a fellow trader p. 83 #1242: After a very very long time reading different threads and trying a number of different systems (Paid and unpaid), at long last I am making some profit by following the threads of two people in FF. One being your good self and other is Steve Hopwoods. It is interesting to note that both of you are Educators by profession.
I have posted the 4th editon Page. 93 post 1394. 977 people download the 2nd edition. We actally never posted version 3 because version 4 popped up very quickly so we went straigh to that one.
I have posted the 2nd edition which replaces all the downloads of the 1st edition. The 2nd edition folder contains all the files and folders needed for the system. I want to thank the 3057 people who download the first edition.
The second edition includes: Why countertrend trading is better than trend trading, (the trend is not your friend), using S/R, 40 MA BB bands, 2.4.2 recovery system and its variations, new definition of secondary trades, margin usage rules, volatility groupings of different pairs, margin usage and funding amounts, and both 4D and 5D versions are available.
Please return to post #1 on occasion because I add important info to this post as the thread grows.
This system I have used on and off for the last two years. I have however, refined it to the point where others could trade and be profitable with it. It is mainly a manual trading system but uses an EA for the entrances. This helps you in not getting in too early and avoiding whiplash. Instructions and all parts of the system are inside the folder. Discussion of this system will begin on p. 33 after post #491. Since it incorporates the changes I have added over the last 6 months, it will not change much of my daily reports. I have been adding this over time and now am publishing my refinements. The notes below are still valid notes with the second edition but the pics will not be quite the same.
Starting Aug. 16 page 16 post #237 I started making daily calls on my trades. I will try to post them before the JPY session good or bad and see what happens. This gives traders the opportunity to see how a day by day trading is done, with all the mistakes, trials and tribulations. You see the good times and the bad. This is real, I post them every morning and you can see exactly how I handle my trades day by day. Once I post the trade there is no hiding the system. +5597 pips since Aug. 16 to Dec. 31.
Aug. 2009 Total +1020 pips
Sept. 2009 total +2651 pips p. 27 post #396
Oct. 2009 total + 1335 for the month P. 39 post #579
November 2009 +1628 Pg. 48 post 709
December 2009 -1006 our first negative month. p. 57 post 841
2009 total pips +5597 p. 57 post 8412
I guess I can be happy with that.
2010 trades total pips by month
January 2010 for the month +1757 pg. 65 #963
February 2010 1595 pips pg. 77 post 1146
March 2010 +2575 pips pg 83 post 1233
April 2010 +4951 p. 100 #1491 My best month ever and two people voted against my system during my best month SHEEESH.
May 2010 -3386 Got caught with our pants down on the Euro news stories but we have righted the ship and coming back.
June 2010 +1116 tough month to trade but we made profit.
2010 total +8598
Here are some important posts for review and study.
Page 7 post 104 is a very good note on how to minimize a losing trade and turn it into a winner in the long run.
Page 10 post 136 I outline a trading strategy which zeros out almost any loss. I hope you can understand the logic.
Page 12 post 178 talks about using divergence with this system on a trade. Very powerful when used on a 4H chart.
Page 15 post#214 I posted some impressive results of using this sytem over a 1 month period. I traded live using only 7.00 dollars as my starting capital. After 1 month I increased it to 61 dollars. COOL.
Post #367 pg. 25 I give some philosophy on why the system works.
new definition for the secondary trade. P.27, 28 posts 400, 405 and 411 ALSO discussion follows on pg 29-30 very important. I begin explaining my new definition for the secondary trade. I think I have improved it greatly and made it a more definite and accurate trade. Doing very well with it. I added a S/R with Double Top/bottom to the definition. Very solid trades now.
P. 27 posts 408-409 I go into more detailed explanation of how the 3x3 cross EA works using S/R lines and I also talk about when to take profits.
P 32 post #478 looking at a weekly bar chart and what it tells us about trading on the 4H chart.
I also added two indicators I think are valuable, one does the daily S/R on any TF and the other does Daily and 4H S/R on any TF. The one I include in the system does the S/R for what ever TF you have on your chart.
P.36 post #530 I give my best 11 pairs or alternatives for this system.
p.37 post #551 gives why the odds are so good for this system to work using the Eur/Jpy over a period of 5 months.
p. 40 post #599 Why interest rate stories are so difficult to trade and why I dont like to trade them.
Some people are having trouble with the NBMACD so I added a folder with the True MACD. Put the template in the template folder and the True MACD in the indicators folder.
p45 and 46 posts 671-679. I give posts preparing for trading at 100:1 leverage and answer several questions about the system. post 679 I give a pic and philosophy behind the system and secondary trade examples. Why they work so well. I also so a primary trade signal I did not take and why.
P. 48 post 713: Some reasons why price retraces and you are virtually guaranteed it will.
P. 52 post 779 I show pics of 4H MACD divergance in my live trading.
P. 55 post 822 I give an example of why I think the NFA are a bunch of loonies for banning hedging.
P. 66 post 979 and 980 Testing a refinement of my system. If it works I will produce the 3rd edition. Adding Break even and jumping TS.
p. 67 post 1000 "The trend traders conundrum" Should I buy into the new trend or sell the rally ???? Tomorrow a trendtrading guru will tell me what I should have done but what do I do now????
P. 86 post 1277 I give my philosophy on drawdown (DD) and countertrading as compared to using SL.
P. 90 post 1347 countertrend trading info.
p. 26 posts 1885 and 1886. The problems and limits of all indicators no matter which ones you use.

Hi
Where is the folder

No problem I can do that
Regards

What is your file format? Maybe try one of those numerous one-click hosters untill your problem is fixed.

can i ask that no-one else posts until Bob makes some posts... itd be nice to have alot of his initial stuff on the first page

Sure.

It took 2 1/2 hours but I got it to load Yeah. Now for some Monday trades.

You will often find that when things line up, it is many times a certain currency that is ready to move. Monday looks like a NZD day. Here is the Gbp/Nzd and Nzd/Jpy. These are what I call Primary trades Red, White and Blue are lined up. Both can move against you some yet that is why we let the EA handle it. So I am doing these Monday morning with Gbp/nzd getting the sell EA and the Nzd/Jpy getting a buy EA.

Here is a Eur/GBP secondary trade. You can see how I use the support and resistance Indicator on the 4H chart. I drew a Gold line at resistance, This should be a good buy opportunity. Blue and White at the bottom, Red in the middle, bottom of BB and bouncing off of resistance. Looks good to me.

The second one shows a Eur/Nzd primary trade bouncing off of resistance. Adding support and resistance lines is a great confirmation. Also looks like a very solid double top. Also it is coming off of the top BB after a nice run up.

The Aud/JPY looks a little weak but it looks like a support level is being hit and with a strong signal from the USD/JPY as a primary trade. You could take a chance on it. If you use the EA and price breaks through support you arent in the trade. The USD/JPY is a typical looking Primary trade. With the NZD/JPY looking good above I will also take the Aud/jpy since it looks like the JPY and NZD will have strong moves coming up.

ON the second pic, USD/JPY is a great example of a trend continuing trade. The white line went up and hit 100 and price bounced off the middle 20 MA of the BB. Even though the Blue went above the red, this happened with the red on the bottom and is still a good read on a trend continuing trade. So even though it did not fit exactly the rule the steep slope of the BB would have helped you on that decision.

Anyway I have worked on this almost all day. I am going to take a break and come back in a couple of hours. You may notice that the red line (MACD) will differ with some of my pics. That is because I am using two different platforms. One uses the MACD from MT4 and another uses a True MACD. In the system I used the True MACD because it seems to be a better read. Any way good luck. Be back later.

for everyone info , the red line is not fixed. It moves as u drag the chart, take note if u wanna do visual backtest. Which means if u see the red line on 85/15 now , it might not be on 85/15 if it continue to trend and the red line will move away from 85/15 as it trend. When it finally stop and reverse , it will then stay on 85/15

As usual Bob many thanks for your great efforts in helping everyone at FF!

after great naningbob 60x90 EA that made a lot of money for me ...i think this is another great system ....i am going to open a live micro account for this system....
thank you Bob

Saly

whats the difference between the standard mt4 macd and this 'true macd'?


also tranferred from the other thread, my initial findings....

"ive actually adopted it to my current manual trading. For those with chart reading ability this system adds a whole other dimension to your manual trading, ive had quite a nice run this week...

things that i say can put the probabilities even more in your favour:

- look for Support and resitance zones to support the stochs, macd and BB
- look for price action/candlestick patterns
- trade only with the overall trend

now these are just the rules im implementing... ive also adopted different re-entries depending on the speed a currency moves...

- one with a SL of 300, one re-entry after 200pips at 1.5x
- for quicker ones, 500SL, one re-entry after 300pips, 1.3x

now this is what ive done so far, its still early days... but id reccomend going to the 'Hall of Fame" thread and combine this with a manual system of your choice, personally id reccomend James16, Silent Service Method or Jacko's thread.

with the re-entries, overbought and oversold indicators, price action, S+R, trend lines, it makes this very powerful to your trading...

Also ive found that on the daily TF the signal can be even stronger, howwever ive adopted at keeping the 3ma cross for entries on 4HR and 2ma cross for daily's... (you can change at the bottom of the code once you get the EA)


PS: I wouldnt scrap this current system of 60x90 (or wateva mods uve made), I'm running it as a nice steady cash flow in the background with a DD SL of 10% risk, which seems high but has never had a SL hit on my settings... as you can play every currency with the red white and blue system your now allowed to be more selective with which currencies you use for the '60x90'."

There are two tools in the indicators section I gave but did not talk about. I is the support and resistance indicator and the other is 1 week pivot indicator. By clicking on the little magnifying glass and increasing your vision to 8 weeks you can connect the dots and see very important support and resistance lines Here is one for the Aud/Jpy and why I think it is a good sell trade. I put two gold lines where this key resistance area is located. You can manually trade these areas instead of the EA and use a stop loss if the line is broken. Look at this pic below to see what I mean.

The second pic is a 1 week pivot indicator and it shows key pivot, resistance, and support levels based on weekly data. You can see here that it shows the Aud/jpy could move south to the next support level first before turning around or it is at the turn around point.

You can place buys or sells at these lines to get the best possible entrances on the trades. So you dont have to use the EA to place your trades, you can enter off of support and resistance lines instead. You can use buy limit sell limit or buy stop or sell stop orders to trade. But this shows you ways on how to trade this system.

You can put both of these indicators on one chart and see how powerful they are when both agree. You can trade with or without the EA. The choice is yours. You may have to click on the picture to see all the lines.

There is a thread somewhere in FF that talks about the differences. Mainly the MT4 one is smoother and doesnt go as high or low as a True MACD. Also a True MACD has two lines and a histogram while the MT4 only uses one line and a histogram. We only use the line in this system.

Bob, I commend you for all your work.
This looks like a great system. I can't wait to try it out.


I have an observation and a constructive suggestion.



The MACD line doesn't really work, when superimposed on the stochastics.


It's position, over 85 or under 15, is by pure chance and is caused by the way MT4 positions it on the screen.


MT4 fits the MACD on the screen so that it's highest point and lowest point are equidistant from the top of the window and bottom of the window. If it happens to fall over or under certain Stochastic levels, it's a coincidence.

Here's a couple of screen shots to show you what I mean.

The yellow vertical line is at exactly the same data point on both shots.

Notice on the first one, the MACD is below 15.

On the second one, it is in the middle of the window.

The only difference is that I moved the chart back.

The Stochastics do not move in relation to the 85 and 15 line, because these levels are stochastic levels.

In my next post, I will offer a solution for you to consider.

Here's what I think is the solution.

The first indicator is your MACD. I have removed the stochastics for clarity. It is Red.

The second indicator is a 26/12/9 %D Stochastic. It is Yellow.

The shapes are almost identical.

The difference is that the Stochastic is always stable in relationship to the 85 and 15. It doesn't reposition itself as the screen shifts.

Hi Bob,,,,When i open the zip file all I am getting is the two word files,,,,,,,,Thanks,,,,,,