Nanningbob 4H trading system

TAKE PROFITS

CLOSED FOR LOSS

OPEN TRADES
aud/usd -38
aud/chf -24
nzd/chf -56
usd/jpy -53

TOTALS
total for day 0
+314 for the week
+801 for the month
Carry over -171

primary trades
BUYS aud/nzd
SELLS


Secondary trades
BUYS

SELLS gbp/usd

OK my top 11 pairs and alternates:
This gives me 2 of each: aud, cad, chf, gbp, nzd,
4 of each eur, usd, jpy

aud/cad - aud/nzd this matches minor or commodity currencies together. As I have stated before minor currencies can get squashed by the larger currencies.

chf/jpy - eur/jpy - eur/usd - eur/cad - eur/nzd

gbp/jpy - gbp/usd - usd/chf - usd/jpy

Alternatives: the aud/jpy, eur/jpy, are all similiar so choose one. The Aud/jpy is not as volatile as the gbp/jpy if you want less movement but still like some volatility but it will do long trends more. The most important thing is you dont want to be heavily investment into any one currency. If the EUR/NZD is too volatile for your tastes you can replace it with nzd/chf or nzd/jpy. I just happen to like the eur/nzd pair and the way it flies around the chart.

Most volatile pairs: eur/nzd and gbp/jpy can be replaced with aud/jpy nzd/jpy nzd/chf for less volatility. __________________
GIVE A MAN A FISH, YOU FEED HIM FOR A DAY; TEACH A MAN TO FISH, YOU FEED HIM FOR A LIFETIME.[/quote][/quote]

Take usd/sgd off the list, it is going 25:1 at the end of the month for leverage. See note below.
TAKE PROFITS
aud/usd +47
CLOSED FOR LOSS

OPEN TRADES
aud/nzd +15
aud/chf -39
gbp/usd +5
nzd/chf -102
usd/jpy -32

TOTALS
total for day +47
+47 for the week
+848 for the month
Carry over -153

primary trades
BUYS
SELLS


Secondary trades
BUYS chf/jpy

SELLS aud/chf

OK my top 11 pairs and alternates:
This gives me 2 of each: aud, cad, chf, gbp, nzd,
4 of each eur, usd, jpy

aud/cad - aud/nzd this matches minor or commodity currencies together. As I have stated before minor currencies can get squashed by the larger currencies.

chf/jpy - eur/jpy - eur/usd - eur/cad - eur/nzd

gbp/jpy - gbp/usd - usd/chf - usd/jpy

Alternatives: the aud/jpy, eur/jpy, are all similiar so choose one. The Aud/jpy is not as volatile as the gbp/jpy if you want less movement but still like some volatility but it will do long trends more. The most important thing is you dont want to be heavily investment into any one currency. If the EUR/NZD is too volatile for your tastes you can replace it with nzd/chf or nzd/jpy. I just happen to like the eur/nzd pair and the way it flies around the chart.

Most volatile pairs: eur/nzd and gbp/jpy can be replaced with aud/jpy nzd/jpy nzd/chf for less volatility. __________________
GIVE A MAN A FISH, YOU FEED HIM FOR A DAY; TEACH A MAN TO FISH, YOU FEED HIM FOR A LIFETIME.

Note from IBFX:

ear Valued Customer,

In compliance with the upcoming NFA regulations, we will no longer be offering accounts with more than 100:1 leverage. We are also required to alter the leverage levels on our existing accounts. We want our customers to be aware of these new requirements to determine in advance how this may affect their trading plans and decisions.

As of market open on November 29, 2009, all currency pairs will have a maximum leverage of 100:1, with the exception of the USD/SGD and the USD/ZAR which will have a maximum leverage of 25:1.

Please be aware that this change will impact your margin requirement for any open or future positions. For example, if you’re trading in a mini contract worth $10,000 at 100:1, you will need to post a $100 margin to open that mini lot trade. For a nano lot, which is 0.01 of a mini contract, you will be required to post $1.

The margin call and stop levels on your 100:1 account will be: At the 100% margin level, you will not be able to place any new trades and you will be stopped out when your margin reaches 50%. As a contrast, if your account was 400:1 your levels would have been: Margin Call - 125%, Stop Out - 100%. We also want you to understand how leverage can work both for and against you.

Please consider your account balance and how the new margin requirements will affect you. If you need to deposit funds, simply click on the link below and remember, we now offer no fee credit card deposits.

Hey bob -

In two trades from your system now, long the eurgbp +23 pips right now, and short gbpchf for +24 pips.

Ive had to enter these trades manually though, as I cant seem to get the EA to work properly...will have to read over ur PDF again and take a better look. Im only new to MT4 so still a noob at working this EA's etc.

Seems like a nice system you have here.

If you are demo trading and using IBFX you need the 5 digit version. Live trading 4 digit version. Let me know if that is not the problem.

Second check to see the smiley face in the upper right hand corner. That lets you know it is working.

Not much out there right now. Still picking up some pips here and there and they all add up for the month.
TAKE PROFITS
aud/chf +19
chf/jpy +31
gbp/usd +26
CLOSED FOR LOSS
usd/jpy -8 (I felt the signal is lost and its in the middle of the BB so closed it.)
OPEN TRADES
aud/nzd -6
nzd/chf -52


TOTALS
total for day +68
+115 for the week
+916 for the month
Carry over -58

primary trades
BUYS
SELLS


Secondary trades
Look at the usd/chf and eur/usd as secondary trades later in the day if they go to their previous high and low. Eur/NZD maybe a good buy if it goes back to the bottom of the BB. Even though it was giving a signal earlier in the week, I would never want to take that currency in the middle of the screen. It is very volatile.
BUYS

SELLS

OK my top 11 pairs and alternates:
This gives me 2 of each: aud, cad, chf, gbp, nzd,
4 of each eur, usd, jpy

aud/cad - aud/nzd this matches minor or commodity currencies together. As I have stated before minor currencies can get squashed by the larger currencies.

chf/jpy - eur/jpy - eur/usd - eur/cad - eur/nzd

gbp/jpy - gbp/usd - usd/chf - usd/jpy

Alternatives: the aud/jpy, eur/jpy, are all similiar so choose one. The Aud/jpy is not as volatile as the gbp/jpy if you want less movement but still like some volatility but it will do long trends more. The most important thing is you dont want to be heavily investment into any one currency. If the EUR/NZD is too volatile for your tastes you can replace it with nzd/chf or nzd/jpy. I just happen to like the eur/nzd pair and the way it flies around the chart.

Most volatile pairs: eur/nzd and gbp/jpy can be replaced with aud/jpy nzd/jpy nzd/chf for less volatility. __________________
I no longer trade usd/sgd. It is going to 25:1 leverage, simply not worth using up that much margin for a slow mover like that.
GIVE A MAN A FISH, YOU FEED HIM FOR A DAY; TEACH A MAN TO FISH, YOU FEED HIM FOR A LIFETIME.

Just wanted to add another observation. I wouldn't take these manual daily trades unless price was near a bollinger band. I've taken 7 of these daily trades this week so far and all have TP'd for 50 pips.

sold my two positions from earlier this week for a handy hand profit -

nice 1

Tough decisions today. Several currencies are showing buy or sell signals with the 3 lines but they are all sitting in the middle of the screen. I am reluctant to take them. So I choose some good ones and a couple of maybes. hmmmmmmmm more later.
TAKE PROFITS
aud/nzd +103
nzd/chf + 42
CLOSED FOR LOSS

OPEN TRADES


TOTALS
total for day +145
+260 for the week
+1061 for the month
Carry over -0

primary trades
BUYS eur/aud, chf/jpy
SELLS eur/chf


Secondary trades

BUYS usd/jpy
SELLS eur/cad, aud/nzd

OK my top 11 pairs and alternates:
This gives me 2 of each: aud, cad, chf, gbp, nzd,
4 of each eur, usd, jpy

aud/cad - aud/nzd this matches minor or commodity currencies together. As I have stated before minor currencies can get squashed by the larger currencies.

chf/jpy - eur/jpy - eur/usd - eur/cad - eur/nzd

gbp/jpy - gbp/usd - usd/chf - usd/jpy

Alternatives: the aud/jpy, eur/jpy, are all similiar so choose one. The Aud/jpy is not as volatile as the gbp/jpy if you want less movement but still like some volatility but it will do long trends more. The most important thing is you dont want to be heavily investment into any one currency. If the EUR/NZD is too volatile for your tastes you can replace it with nzd/chf or nzd/jpy. I just happen to like the eur/nzd pair and the way it flies around the chart.

Most volatile pairs: eur/nzd and gbp/jpy can be replaced with aud/jpy nzd/jpy nzd/chf for less volatility. __________________
I no longer trade usd/sgd. It is going to 25:1 leverage, simply not worth using up that much margin for a slow mover like that.
GIVE A MAN A FISH, YOU FEED HIM FOR A DAY; TEACH A MAN TO FISH, YOU FEED HIM FOR A LIFETIME.[/quote]

Here are pics of two trade showing signals but I am not taking. Aud/Cad because it is in the middle of the screen and the middle of a very narrow BB. To me this is a risky trade in which there is no clear direction even though the 3 lines show a trade. The aud/chf is a much better looking trade but again price is in the middle of the screen. That is a much tougher one to turn down but I will for now. If it runs farther down into the lower 1/3 of the screen then I will take it.

The eur cad has a similar signal as the aud cad I turned down but it is in the upper 1/3 of the screen so that I think is the better trade. The usd/jpy is a nice secondary trade which we have made money on before so we go again.

eur/aud and chf/jpy are nice trades also. The eur/aud is a classic primary trade and the chf/jpy is a classic secondary trade. I like both of these. You may ask whats the difference between the eur/aud and the aud/ chf. Probably nothing, I am only going to take one of the middle of the screen trades, not all of them. I trust the eur more for bouncing around than the chf.

Dang, your making more money than me.

Ive taken both the eur/cad and the eur/aud trades earlier in the day -

currently sitting -7 and -23 respectively.

Bob,
How do you get MACD and the 2 stoc oscs to draw as single lines. MACD NB comes out as 2 lines. So does Stoc 14-5-3 and 7-3-3. Help!

Thanks

I put the TRUE MACD with the template on page 1 post 1. You can pick it up there.

QUIET DAY. gbp/jpy and eur/nzd look like great trades for Monday.
Be prepared for prices to go flat for Thanksgiving for USD pairs this week. Good luck.
TAKE PROFITS

CLOSED FOR LOSS

OPEN TRADES

aud/nzd, -60
chf/jpy -30
eur/aud, -15
eur/cad, -28
eur/chf -10
usd/jpy -5
TOTALS
total for day 0
+260 for the week
+1061 for the month
Carry over -148

primary trades
BUYS gbp/jpy
SELLS EUR/NZD
Secondary trades

OK my top 11 pairs and alternates:
This gives me 2 of each: aud, cad, chf, gbp, nzd,
4 of each eur, usd, jpy

aud/cad - aud/nzd this matches minor or commodity currencies together. As I have stated before minor currencies can get squashed by the larger currencies.

chf/jpy - eur/jpy - eur/usd - eur/cad - eur/nzd

gbp/jpy - gbp/usd - usd/chf - usd/jpy

Alternatives: the aud/jpy, eur/jpy, are all similiar so choose one. The Aud/jpy is not as volatile as the gbp/jpy if you want less movement but still like some volatility but it will do long trends more. The most important thing is you dont want to be heavily investment into any one currency. If the EUR/NZD is too volatile for your tastes you can replace it with nzd/chf or nzd/jpy. I just happen to like the eur/nzd pair and the way it flies around the chart.

Most volatile pairs: eur/nzd and gbp/jpy can be replaced with aud/jpy nzd/jpy nzd/chf for less volatility. __________________
I no longer trade usd/sgd. It is going to 25:1 leverage, simply not worth using up that much margin for a slow mover like that.
GIVE A MAN A FISH, YOU FEED HIM FOR A DAY; TEACH A MAN TO FISH, YOU FEED HIM FOR A LIFETIME.

Hey nanningbob and other guys,
please comment the following setup
Chears

I think a good chance of being profitable, but a little nomansland middle screen for Bob's liking I believe.

That was a trade I would take when my leverage was 400:1 but now I will sit and wait for it to go lower. If price continued down and I went 2 or 3 levels deep it did not bother me but now I am more picky. I would take that trade sunday night at the jpy session if it gaps down. Probably would be a great trade then. In fact I will be looking for the gap. I am taking the gbp/jpy trade it is a much better setup.