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Nanningbob 4H trading system

  • #661
  • Nov 22, 2009 9:01am Nov 22, 2009 9:01am
If I understand this system then EUR/NZD looks like a good short for about 400 pips.
  • #662
  • Nov 22, 2009 8:04pm Nov 22, 2009 8:04pm
Quoting NanaK
If I understand this system then EUR/NZD looks like a good short for about 400 pips.
Yup, thinking the same thing.
  • #663
  • Nov 22, 2009 8:07pm Nov 22, 2009 8:07pm
Hi bob,

Ive got the "sell" template and the "sell" EA on the EUR/NZD chart...are you using the EA on this one or entering manually?

I have been trying to use the EA's, but I havn't used one yet because they take a long time to trigger and I get a bit impatient...mostly because I'm not sure if I've got it working properly..

Hope that makes sense.
  • #664
  • Nov 22, 2009 9:41pm Nov 22, 2009 9:41pm
I am manually entering the trades. EUR/CAD is also providing a short signal .. 1.59-1.60 zone look tempting for a trip back down to the 1.55ish

Quoting scottik187
Hi bob,

Ive got the "sell" template and the "sell" EA on the EUR/NZD chart...are you using the EA on this one or entering manually?

I have been trying to use the EA's, but I havn't used one yet because they take a long time to trigger and I get a bit impatient...mostly because I'm not sure if I've got it working properly..

Hope that makes sense.
  • #665
  • Nov 22, 2009 9:57pm Nov 22, 2009 9:57pm
cool, thats I've been doing but i'd like to get the EA's happening so I can take trades when I'm away.

Also short opportunity on the EUR/GBP, and a long on the GBP/CHF coming up...

If i take these trades it would mean I'm long on GBP on 2 pairs, and short EUR on 3 pairs...
  • #666
  • Nov 23, 2009 1:42am Nov 23, 2009 1:42am
Quoting nanningbob
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.
Good day mr. nanningbob,

i have a question...say if i have 3 different e.a running on pair eurusd, all these e.a have open positions, one of them is your e.a 4h BB EA 4D,...all of them having different magic numbers, one of them is marginale type of e.a with different SL position.

say, your e.a. hit SL, is there any possibility that all other position for EU pair will be closed as well.??

say, marginale e.a hit SL, is there any posibility that other position for EU pair will be closed as well.??

this question is in relation to scripts document .... close ALL in scripts folder..

thank you mr. nanningbob
  • #667
  • Nov 23, 2009 6:45am Nov 23, 2009 6:45am
Quoting scottik187
Hi bob,

Ive got the "sell" template and the "sell" EA on the EUR/NZD chart...are you using the EA on this one or entering manually?

I have been trying to use the EA's, but I havn't used one yet because they take a long time to trigger and I get a bit impatient...mostly because I'm not sure if I've got it working properly..

Hope that makes sense.
That " long time to trigger" will a lot of times keep you from entering too early if price continues to run. As Bob has said, the 3,3 cross usually happens about the same time the white stoch. line is coming out of OB or OS territory. If you want to check to see if the EA is working right, you could put the 3MAclose,3MAopen moving averages on all your charts. Then say the 3 close has crossed down over the 3 open on one of your charts. Put the sell EA on that chart and it should immediately kick in. of course you need the smiley face in the upper right hand corner for EA to be on.
  • #668
  • Nov 23, 2009 8:33am Nov 23, 2009 8:33am
Dear NanningBob!
Your system looks very cool. My question: in the primary trades how large percentage it is necessary to open 2. or 3. position, and the winning proportion?
(Sorry, my English language knowledge is weak.)
  • #669
  • Nov 23, 2009 4:22pm Nov 23, 2009 4:22pm
Just closed the gpb/jpy for +81

sitting on the eur/cad trade at +54 right now.

also closed the eur/aud trade for -2

missed a cpl trades last night as the EA didnt work, will have to look again today
  • #670
  • Nov 23, 2009 5:56pm Nov 23, 2009 5:56pm
Quoting scottik187
cool, thats I've been doing but i'd like to get the EA's happening so I can take trades when I'm away.

Also short opportunity on the EUR/GBP, and a long on the GBP/CHF coming up...

If i take these trades it would mean I'm long on GBP on 2 pairs, and short EUR on 3 pairs...
The reason I created the 3x3 EA was because I had a bad habit of entering too early in a trade. So I wait for the EA to enter. Now if you are having problems with the EA there maybe a reason. There are two kinds. 1 is for 5 digit trading companies and one for 4 digit trading brokers. IBFX demos are 5 digit and their live account is 4 digit. If you have a 4 digit EA on a 5 digit account or visa versa they will not work properly. So make sure you have the proper EA. Also, you are trading a 4H chart so trading is on a much slower pace. I have turn on the EA and it maynot enter for several days. It waits for the cross to happen first before entering. Many times that is when it opens on the other side because price has to go a ways under the line before the 3 MA crosses the line. I have some bad trading habits so that is what I use to solve one of them. Not entering too early.
  • #671
  • Nov 23, 2009 6:04pm Nov 23, 2009 6:04pm
Quoting gyusz2
Dear NanningBob!
Your system looks very cool. My question: in the primary trades how large percentage it is necessary to open 2. or 3. position, and the winning proportion?
(Sorry, my English language knowledge is weak.)
The original system was set for every level to open at the same lot size, however, I have been experimenting with different lot sizes. I have done this because of NFA regs of FIFO and to improve my recovery time on multiple levels. What I am using now instead of 5,5,5 on every level, which totals 15. I use L1 3, L2 5, L3 8 which totals 16 but I dont have to wait for as big of a retrace to break even. So far I have like this much better. With the change of margin to 100:1 I am going to go to L1 2 L2 4 L3 6 which totals 12. The formula I am using is level 1 and 2 totals equal level 3. I also am going to double the size of my account and try fewer trades or only trades in the top 1/3 or bottom 1/3 of the screen. I hope to not have margin issues with this until I get used to trading at 100:1 leverage. With these changes I hope to find numbers that make it safe to trade and keep my account intact without danger of wiping it out or margin calls. I hope this helps other traders with the new NFA rules.
  • #672
  • Nov 23, 2009 6:11pm Nov 23, 2009 6:11pm
Quoting ddethan
Good day mr. nanningbob,

i have a question...say if i have 3 different e.a running on pair eurusd, all these e.a have open positions, one of them is your e.a 4h BB EA 4D,...all of them having different magic numbers, one of them is marginale type of e.a with different SL position.

say, your e.a. hit SL, is there any possibility that all other position for EU pair will be closed as well.??

say, marginale e.a hit SL, is there any posibility that other position for EU pair will be closed as well.??

this question is in relation to scripts document...
The close all in the scripts will close every single open trade you have on all currencies. It does not matter what EA you are running.

Now running multiple EAs. You can do this if each EA has a different magic number. They will control only the trades they entered. However, if you are with a company that does not allow hedging (USA NFA rules) then if one of the EAs has a sell the other EAs will not be allowed to open a buy trade. So this may mess up some of your entry points. Thank you NFA for screwing up my trading systems. Why dont you go after the brokers that have automatically widen spreads in their programming as you approach your take profit or stop loss lines. That would be a help to protecting traders. Forbidding trading styles doesnt protect us you bunch of dummies.
  • #673
  • Nov 23, 2009 6:15pm Nov 23, 2009 6:15pm
Quoting nanningbob
The reason I created the 3x3 EA was because I had a bad habit of entering too early in a trade. So I wait for the EA to enter. Now if you are having problems with the EA there maybe a reason. There are two kinds. 1 is for 5 digit trading companies and one for 4 digit trading brokers. IBFX demos are 5 digit and their live account is 4 digit. If you have a 4 digit EA on a 5 digit account or visa versa they will not work properly. So make sure you have the proper EA. Also, you are trading a 4H chart so trading is on a much slower pace. I have turn...
Thanks NBob.

I've put the 3x3 cross indicator on the charts to see where the EA would have been triggered, and it didnt work. I know that they can take a while, but I think something isn't working here. I turned the BUY 1502L4H5D EA on the GPB/JPY mid yesterday, the 3x3 crossed at 11.15pm, yet it didnt trigger the buy...

I have the 4 digit templates on but the 5 digit EA's on (demo account with 5 digits), would this make it incompatible? I looked in the 5 digit template folder but it's blank ---
  • #674
  • Nov 23, 2009 6:20pm Nov 23, 2009 6:20pm
Quoting NanaK
I am manually entering the trades. EUR/CAD is also providing a short signal .. 1.59-1.60 zone look tempting for a trip back down to the 1.55ish
When you manually trade make sure you enter off of S/R lines. You can place pending orders to do that. I do very little manual trading on the original L1 entry because I cant predict an exact turn around spot. The EA at least wait until price has changed enough in one direction for a cross to happen. You will find over time that if you manually enter sometimes price will continue running for several days before it actually retraces. The 3 lines above/below the 15/85 lines or price has broken the BB band lines are signals that a trade is pending. I have used this system for several years but it was not until I added the 3x3 crossing EA that is become very profitable. I simply got into too many trades too early and then it was a battle to get out with a small profit or loss. The 3x3 EA is your trading discipline. It forces you to wait for a better entrance. It is not perfect but it trades better than I do.
  • #675
  • Nov 23, 2009 6:23pm Nov 23, 2009 6:23pm
Quoting scottik187
Hi bob,

Ive got the "sell" template and the "sell" EA on the EUR/NZD chart...are you using the EA on this one or entering manually?

I have been trying to use the EA's, but I havn't used one yet because they take a long time to trigger and I get a bit impatient...mostly because I'm not sure if I've got it working properly..

Hope that makes sense.
When ever I say I am making a trade I am turning on the EA, I am not entering manually. It is rare for me to do that. Sometimes I use my 40 MA BB especially when price is high or low on the chart so I get a good entrance point but that is rare for me to do. I will manually enter 2nd or 3rd level trades off of S/R lines but I still try to keep that 150-250 reentry distance between trades.
  • #676
  • Nov 23, 2009 6:26pm Nov 23, 2009 6:26pm
Quoting scottik187
Thanks NBob.

I've put the 3x3 cross indicator on the charts to see where the EA would have been triggered, and it didnt work. I know that they can take a while, but I think something isn't working here. I turned the BUY 1502L4H5D EA on the GPB/JPY mid yesterday, the 3x3 crossed at 11.15pm, yet it didnt trigger the buy...

I have the 4 digit templates on but the 5 digit EA's on (demo account with 5 digits), would this make it incompatible? I looked in the 5 digit template folder but it's blank ---
Yes the 4D and 5D are incompatible. Download an IBFX demo account and test it on them. Then see what changes you have to make. Another reason they may not work is the EAs are set at .01 or micro account. You may need to change to .10 for it to work on your broker. Your broker may not use .01 lots.
  • #677
  • Nov 23, 2009 6:31pm Nov 23, 2009 6:31pm
Quoting nanningbob
Yes the 4D and 5D are incompatible. Download an IBFX demo account and test it on them. Then see what changes you have to make. Another reason they may not work is the EAs are set at .01 or micro account. You may need to change to .10 for it to work on your broker. Your broker may not use .01 lots.
ah ok - thanks for the help.

must be the 4d/5d issue, ive already changed the lot size to 0.10...anyways...all good.
  • #678
  • Nov 23, 2009 6:50pm Nov 23, 2009 6:50pm
Nice solid trade day. Wish this would happen every day.
TAKE PROFITS
aud/nzd +40 -16 (See note below on this pair)
chf/jpy +54
eur/aud +17 (exited too early on that one dang)
eur/cad, +36
eur/chf +3 (man my great grandmother can move faster than this one)
EUR/NZD +92 (exited too early on that one dang)
gbp/jpy +93
CLOSED FOR LOSS
 usd/jpy -21 (sometimes they dont go anywhere. The trade signal is lost so I closed it.
OPEN TRADES
eur/usd +17

TOTALS
total for day +329
+329 for the week
+1390 for the month
Carry over +17

primary trades
BUYS
SELLS
Secondary trades
BUYS
SELLS
AUD/NZD (see next post)
EUR/USD (I entered this yesterday when it showed up. Same spot as a primary trade from 2 weeks ago.)
Watch these
eur/nzd and gbp/jpy may set up as trades again. Look for that double or triple top or bottom. Same thing eur/aud and eur/cad.


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]
  • #679
  • Nov 23, 2009 7:06pm Nov 23, 2009 7:06pm
There are times I will manually enter a trade and violate one of my rules. I will do this for the AUD/NZD. I have a separate thread for that called trading the AUD/NZD successfully. I know that currency very well so I will do that. Ended up successful. What I did was add a level at the new resistance so I ended up with a very profitable trade. This jump pushed price very high on the chart and I though it was a great place to enter.
However, I want to point something out about secondary trades. See the pic below:
3 weeks ago there was a primary trade signal label #1 in white. Notice price is at the top of the screen and the red white and blue lines are above the 85 line.
Numbers 2,3,4 are secondary signals because they match the #1 trade earlier so we take them. These are all excellent trades for the same reason. It is just the R,W,B lines are showing different signals. The W and B are showing trades (above 85 line) but the red line is in the center showing that price action is ranging for now.

I also show a pink x where there is a primary trade signal but I did not take it because price is in the middle of the screen. We trade outside in, not inside out. The reason so many trend systems drive people crazy is they are trading in the middle of the screen and no matter what indicators maybe saying I have learned over time that price can go in any directions from there. However, when price is at the top of the screen or bottom, price is screaming to all the traders in the world SELL SELL or BUY BUY. I am just following predictable human behavior. If price does go against me, how far will price go off the screen before it stops? That is my basic logic behind this system.
Attached Image (click to enlarge)
Click to Enlarge Name: aud nzd.gif Size: 32 KB
  • #680
  • Nov 23, 2009 7:14pm Nov 23, 2009 7:14pm
Please return to post #1 on occasion because I add important info to this post as the thread grows.
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