Nanningbob 4H trading system

try this e-trailing

Hi Maxximuz :

I wish to know how to use your e-trailing EA. The trailing stop say 25 pips and the trailing step 100 (ie after 100 pips then trailing start ) to be set like that. Please correct me if I am wrong.

Thank you for your help.

Have a good week.

Shame its Friday, the EurCad line up is lookin good

Wondering how all the bailout money is being handled, here is an update. Certainly not what the doomsdayers were predicting. Right now most of these programs have accomplished what they set out to do and are being scaled back successfully with the debt being transferred to private sectors. I did not know this but the majority of the stimulus package has yet to be spent so 2010 should continue to recover. In other news Bernanke is set to increase interest rates beginning next year so inflation can be controlled and the FED is prepared to start removing money out of the market as the recovery takes hold. So the demise of the dollar is not going to happen anytime soon. The debt to GNP ratio of the USA is still lower than many European countries and nearly half of Japan which is at 200%. Obviously we are not out of this crisis yet but I have never bought into the doom and gloom of the disaster scenarios. We are not anywhere near that at this point. So read with interest. While many are predicting a decline in the USD in the future I still see a more choppy market with a much slower decline than many are expecting. Anyway just my opinion on the matter.


Corporate debt purchases: Demand for commercial paper -- short-term debt that companies issue to finance day-to-day expenses -- came to a screeching halt during the credit crisis. That prompted the Fed to start buying up three-month debt, which helped calm the market. Many businesses were ultimately able to find open market buyers after the first round of debt expired in January. Peaked on Jan. 22 at $350.5 billion. Now at $47.7 billion.
Money market rescue. "Safe as cash" money market funds started quickly losing money after Lehman Brothers' collapse in mid-September 2008. When investors started a run on the money markets, the Fed immediately moved to lend to the funds and to the banks that lend to money markets. That stabilized most of the funds within a month, and the program has now been almost completely wound down. Peaked on Oct. 2: $152.1 billion. Now: $79 million.
Discount window for investment banks. The long-time lending facility for commercial banks was opened up to investment banks for the first time in March 2008 in an effort to stave off another Bear Stearns-like collapse. The program soared in the weeks following Lehman's bankruptcy, but ended in May after investment banks were able to find funding in the open markets. Peaked on Oct. 2: $146.6 billion. Now: $0.
Term Auction Facility. TAF began in December 2007 and was the first "bailout" program from the Fed. The government lent set amounts of short-term money through auctions to commercial banks in exchange for hard-to-sell assets like mortgage-backed securities as collateral. The Fed ramped up the effort during the height of the credit crisis, but has since scaled it back as banks have been able to secure funds from one another. Peaked on Nov. 13: $415.3 billion. Now: $212.1 billion.
TARP. Banks started paying back Treasury's capital investments en masse in June, though many experts said it is less a sign of banks' health and more about the negative stigma associated with a government bailout. Peaked on June 16: $436 billion. Now: $372.5 billion.
The wind-up
Fannie and Freddie. The government placed the mortgage finance giants under conservatorship a year ago, sending them $85 billion to stay afloat. But the firms are far from standing on their own two feet again -- and the housing market has yet to show signs of a strong recovery. As a result, the Fed continues to buy up debt and mortgage-backed securities from Fannie (FNM, Fortune 500) and Freddie (FRE, Fortune 500) in an attempt to keep mortgage rates low. $806.3 billion of a possible $1.9 trillion.
Making Home Affordable. Treasury's foreclosure prevention program has helped just 12% of of the four million eligible borrowers modify their loans. The administration is pushing servicers to do more after a rocky start prompted numerous complaints.$22.1 billion of a possible $75 billion.
Stimulus. The Recovery Act is the largest federal spending bill ever, but most of that spending will come in 2010. The majority of the upfront payouts came in the form of tax relief and Medicare aid to states. Later this year and into next year, the infrastructure projects will really kick into high gear. $151.4 billion of a possible $787.2 billion.
TALF. With lending to consumers and small businesses still stagnant, the government offered to provide up to $1 trillion in financing to private investors to buy up securities backed by consumer and small business loans. Buyers aren't exactly breaking down the door yet, but the Fed extended the program and hopes to attract more support.$36.3 billion of a possible $1 trillion. http://i.cdn.turner.com/money/images/bug.gif

No major reversals today and the Cad takes a dive off the news.
TAKE PROFITS
aud/cad +43 closed this one and it kept going.
eur/nzd, +93 closed this one and it retraced so good decision.
gbp/usd +31 hit my TS
nzd/chf +43 -40 for +3
nzd/usd, +63 -21 for +42
CLOSED FOR LOSS
usd/sgd, -100 1L +35 2L +52 3L This is one currency that doesnt move much so I kept reentering every 50 pips or so. It got me in big trouble as I closed some for a loss yesterday and evened out what I had today. I am done with this trade. Even slow currencies will move around at times so I must discipline myself to keep that 150-200 pip spacing on the reentries. The USG banks bought a bunch of USD to prop up their currency, that is why it moved up. -13 for today though.


OPEN TRADES
aud/chf -47 so far just drifting
aud/nzd EA has not entered yet
aud/jpy, -234 2L -102
aud/usd, -224 2L -1 OK that went nowhere
eur/aud, -327 2L -94
eur/cad -227 2L 0 My EA entered and then it took a big dive YUK
eur/chf - 35
gbp/nzd -180 Why do I bother with this one.
nzd/jpy -31 had a small profit but did not set the SL up Oh well.
usd/cad -100 2L -1 Dang Cad entered and dropped like a rock. Glad the Canadian economy is recovering though maybe buy some American goods now.

TOTALS
total for day +144
+ 145 for the week
+1473 for the month
Carry over -1603

NEW TRADES
primary trades
BUYS
SELLS eur/jpy
Secondary trades
BUYS
SELLS

Disappointed in the NZD trades. They didnt move as much as I had hoped. I was hoping they would move enough to cancel out some of my AUD trades. Ok Just like last month we now fight to keep what profits we have made so I will be using profits to zero out trades. Hopefully the AUD currencies will give us enough retracements to zero out some trades. I have 5 trades going at -1029 / 5 = 205 or about 100 pips move each to zero out. If I use some bigger lots I can do it in less. I will use profits from other trades to lower that figure and have +144 profits this last week to use. So that is the plan. Try to minimize bad trades and you keep the profits you have already banked. That is the other side of this system and the trading skill needed to beat Forex. We were successful last month doing that with the GBP trades so lets do it again.

I have EA on for that one ,waiting for 3/3 crossover to initiate. Are you guys waiting for price to get to outer B.Band to turn on EA or just turning on when stochs and macd are at extremes?

I personally wait for both. If in mid of bb then I wait

I am going to bed. Tomorrow I want to proof read my second edition of the 4H trading system with updates in the text. Then I will post it. Hope you guys find it a good read.

I won`t go to bed, I can`t go to bed, I won`t sleep anyway, I`m waitin.....

All the best

Forex37

I'm waiting for the market open, then ill consider it. No good opening fresh trades into the weekend.

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.

If you have some of the other editions I have tried my best to eliminate the differences in screens and EAs. All the EAs and charts now use the same 3x3 cross. Because of testing I had some different types of screens and EAs and they got mixed into the different systems. For example the MACD is my own. I took the MT4 MACD and changed it for my system and called the NB MACD. It now shows the same line as the TRUE MACD but this one is a smaller code and simpler. Now all my charts are the same. Some screens had a 3x3 that use the Median and some used the open and close. Now all the EAs and MA screens are open and close. My old screens had the 20 MA Bollinger Bands now they all have the 40 MA BB shifted 1. I have the S/R indicator on the screens. I have used different colored screens for different EAs and charts so you know you are not on the basic screen. Every effort has been made to have the system completely the same on all screens for both 4D and 5D charts. The 4D is the same as I use on my live accounts. The 5D is the same as the 4D but the EAs were adjusted for 5D screens. I have never used the 5D live so please demo and make sure it is working properly before going live.

Bob, thx for effort to 2nd edition. Let me try it.
For info. my trading (live) so far positive by combining TF5Min and yours = for sure I am intend to share the result how I did when it more significant money (+++ USD) . To premature right now but your trading system help to increase my confidence level on trading. Cheers

I have tried other times frames and the the chances of backlash go up with lower TF. However, that was back in the days when I didnt have the 2.4.2 recovery system, 40 MA BB and S/R. I would avoid news times but off times when the market is slower like USA afternoon, jpy session etc. might work. Will have to investigate that option. If I were you I would use the daily S/R or the 4H & Daily S/R on your 5M chart to help in your decision making whether to go long or short and TP levels. If you see a S/R level broke by price you dont want to be on the wrong end of the trade.

Dear Bob,

For some reason, the link to the 2nd edition is corrupted for my computer. Is it possible to cut and past the document to me? Again, sorry for the bother.

Lenoxer

Send me your email address to my private FF box

Hi Bob,

The 2nd ed zip file has ' bad zip header'. There is no 5D files/folder. Only 4D templates and EAs and indicators are in the zipped file. Any other text doc file to be there? There isn't any.

Please re-post the zip file

thanks.

I dont know what to say I downloaded the files and got them all. Try again.

USDCAD is at a beauty of a support level, I think BUY like you never bought before!!!!

Also marks all the boxes for this method.

The problem with the CAD is, it keeps dropping to new support levels and not retracing very much. It has a habit of doing this once or twice a year. The interesting thing is the USD can over come good CAD news but the CAD cannot overcome strong USD news. So lets see what happens next ....... HMMMMMM.

You'll be 40 pips up if you took this, remember to lock in profit and cover your ass, maybe a 30 pip TS

Like Bob says it may carry on down and this is just a pause, you dont go bust taking profit