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Nanningbob 4H trading system

  • #781
  • Dec 12, 2009 8:27am Dec 12, 2009 8:27am
Goog Job Nanningbob
Trade only what i see
  • #782
  • Dec 12, 2009 1:46pm Dec 12, 2009 1:46pm
Hi to all again.

Managed to load the 2nd Edition which I even viewed yesterday. I close file but today when I try to open for viewing, I can only see all other files containing templates, indicators, etc but the actual manual seem to be missing. What happened?

Another question, the Winrar program indicates that its an evaluation copy. Does it mean it will expire in 40 days. I did not download it but it must have been included when I downloaded other programs earlier.
  • #783
  • Dec 12, 2009 2:15pm Dec 12, 2009 2:15pm
Oops! Hi to all,

Downloaded Macd True and Template.zip as appeared on first page of this thread. However, cant fine the template listed at the Templates nor the Macd True at the Indicators of the MT4.
Instead found listed as "MACD sample" and "Moving Average" in Expert Advisors column ( do not know if they are supposed to be Indicators I downloaded from page 1).
  • #784
  • Dec 13, 2009 5:07pm Dec 13, 2009 5:07pm
Quoting Blessed Pips
Oops! Hi to all,

Downloaded Macd True and Template.zip as appeared on first page of this thread. However, cant fine the template listed at the Templates nor the Macd True at the Indicators of the MT4.
Instead found listed as "MACD sample" and "Moving Average" in Expert Advisors column ( do not know if they are supposed to be Indicators I downloaded from page 1).
You did not put the various templates, indicators etc. in their right folders, MACD sample etc. are EAs provided in MT4. You should have MACD true in the indicators folder and Templates in the templates folder. You wont find either in the EA section.
  • #785
  • Dec 13, 2009 5:44pm Dec 13, 2009 5:44pm
Bob, i am in a couple of those trades and feel the same way...the are still good set ups, but just havn't materialised yet.

As you said, we also need to consider that at this time of the year volume is starting to come off a little and price action gets "weird".
  • #786
  • Dec 13, 2009 6:01pm Dec 13, 2009 6:01pm
Quoting scottik187
Bob, i am in a couple of those trades and feel the same way...the are still good set ups, but just havn't materialised yet.

As you said, we also need to consider that at this time of the year volume is starting to come off a little and price action gets "weird".
I am seriously thinking of shutting down after this week. Take a break from trading and prepare myself for next year. Been a good year not so much that I made a ton of money but that I am pretty set on my trading strategy. I dont think I can improve that much on this system. I may take a look at my entrances but other than that I am very pleased with it.
  • #787
  • Dec 13, 2009 7:39pm Dec 13, 2009 7:39pm
Quoting nanningbob
I am seriously thinking of shutting down after this week. Take a break from trading and prepare myself for next year. Been a good year not so much that I made a ton of money but that I am pretty set on my trading strategy. I dont think I can improve that much on this system. I may take a look at my entrances but other than that I am very pleased with it.
I'll definitely be shutting down. Until either the first or second week of Jan.

I can't really see any more ways to tweak the system. It's a money maker, that is for sure.

I'll begin trading it live early next year.
  • #788
  • Edited 4:24am Dec 14, 2009 4:22am | Edited 4:24am
Hiya Nanningbob

Rookie here so please excuse any obvious errors. Looking @ your older COG system, which whilst I have succesfully lloaded up doesnt quite seem to work as I think you planned it. No arrows & cog is similiar to the moving average in green and white, any chance of some hints and tips as I have to say it does work very well ona 5 min chart.

Many thanks
  • #789
  • Dec 14, 2009 6:19am Dec 14, 2009 6:19am
I think I'm going to spend the next couple of months demo trading and re-reading the instructions and thread to get a good understanding of the system before I lose my live fund, which currently could stand a beefing up. I'm confused at the moment about the MADC Sample and True and the need for them, the stoch/macd I get quite well..if someone could point me to the pertinent post/page it would be appreciated. I agree with the current trades projected even if my two are in the hole, it looks quite promising..
HAPPY HOLIDAYS from Tennessee..
  • #790
  • Dec 14, 2009 7:45am Dec 14, 2009 7:45am
Quoting Cloudbasher
Hiya Nanningbob

Rookie here so please excuse any obvious errors. Looking @ your older COG system, which whilst I have succesfully lloaded up doesnt quite seem to work as I think you planned it. No arrows & cog is similiar to the moving average in green and white, any chance of some hints and tips as I have to say it does work very well on a 5 min chart.

Many thanks
Oh I quit trading the 5M chart a long time ago. I simply dont have time to scalp. I am a position trader now and take my position off of reads on the 4H chart. Only need to check the charts two or three times a day and I make my trading decisions before the JPY session.

The only thing is to make sure the 1H and 4H agree on direction and then trade the 5M chart in the same direction. I wasnt using the S/R indicator back then but I wouldnt trade without it now. So trade towards the S/R line on the 4H chart to make sure you are entering correctly off of them. That would be the improvement I would make with that system. I believe there is a 4H 1D S/R indicator on page 1 post 1 and that would draw the lines on a 5M chart. I think that would probably improve greatly that system. Good luck, I havent fielded a question on that one in over a year.

For example I would be trading only buys off of the Eur/usd playing the bounce off of the 1D support line. When price got to the 4H resistance I would then stop. That would probably work very well trading like that.
  • #791
  • Dec 14, 2009 12:30pm Dec 14, 2009 12:30pm
HI BOB

If you have to choose between the 4H and 60x90 systems hich one you would use and please give us the reasons. Also is it possible for you to post your selection of trades before or just after the Tokyo open.

As always most grateful for sharing your wealth of knowledge with us you are most kind and generous.

All the best
  • #792
  • Dec 14, 2009 6:00pm Dec 14, 2009 6:00pm
Other than making a bad decision on the gbp/chf and not taking my profit, greed killer thing again, it was a sit and watch paint dry day. So we wait patiently for price to do its thing. I posted two more trades as new trades but I wont be taking them, I am already committed to probably too many trades but I like my positions all across the board. Maybe todays the day for some movement.
TAKE PROFITS
 aud/nzd +15-30 pips once again I didnot enter this pair but it profited again.
CLOSED FOR LOSS

OPEN TRADES
aud/chf -60
 eur/aud -82
eur/cad -54
 eur/chf - 2
eur/nzd -143 2L 0
eur/usd, -79 +41
gbp/chf -20 (why I didnt take the 80+ pips when they were on the table I dont know, I could have reentered today and done it again. Dumb bob Dumb bob)
gbp/nzd -62
gbp/usd, -7
nzd/chf -31
nzd/jpy -29
usd/chf -39 +28
BUYS,
SELLS
TOTALS
total for day +0
+782 for the week
+782 for the month
Carry over -539

primary trades
BUYS eur/gbp

SELLS aud/cad

Secondary trades
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.
  • #793
  • Dec 14, 2009 6:06pm Dec 14, 2009 6:06pm
Quoting astral77
HI BOB

If you have to choose between the 4H and 60x90 systems hich one you would use and please give us the reasons. Also is it possible for you to post your selection of trades before or just after the Tokyo open.

As always most grateful for sharing your wealth of knowledge with us you are most kind and generous.

All the best

????? I use more than one live account so I trade both. In the other thread I explain my reasons but I use the 180x100 and have explained that several times. For this month I decided to use a 60x60 but I got into trouble on the eur/usd trade and should have stayed with the 180x100.
Your second question baffles me because I have been posting my trades every day before the jpy session on this thread for 3 months now.
  • #794
  • Dec 14, 2009 6:10pm Dec 14, 2009 6:10pm
I see another person has voted against the system. Strange after winning over 6000 pips in 3 months. 49-45 is the score. Amazing when there are only a couple of guys with the guts to post their trades every day and I believe I am one of the few who has shown consistent success. OK.
  • #795
  • Dec 14, 2009 6:43pm Dec 14, 2009 6:43pm
Quoting nanningbob
?????
Your second question baffles me because I have been posting my trades every day before the jpy session on this thread for 3 months now.
SORRY I got the times crossed I am GMT and forexfactory uses US time. Thanks for the reply.

As for the voting I would not be fussed about how some people vote. Your system is the only system in forexfactory which has a comprehensive money / risk management strategy. As you have been showing during the last few months your system consistantly produces good results and you have mentioned that it gives you a return of 15% to 20% percent per month. It seems to me that some people do not take the time to understand the system and as you know ignorance leads to dislike.

By the way I have come across a broker called FXOPEN according to babypips they have 200,000 clients and offer 500:1 leverage and hedging, I do not know i they are any good I wonder if anyone here has had any experince with them.

Thanks once again.
  • #796
  • Dec 14, 2009 7:03pm Dec 14, 2009 7:03pm
Quoting astral77
SORRY I got the times crossed I am GMT and forexfactory uses US time. Thanks for the reply.

As for the voting I would not be fussed about how some people vote. Your system is the only system in forexfactory which has a comprehensive money / risk management strategy. As you have been showing during the last few months your system consistantly produces good results and you have mentioned that it gives you a return of 15% to 20% percent per month. It seems to me that some people do not take the time to understand the system and as you know ignorance...
I have been reluctant to move my money outside the USA but I have looked at other brokers. The one thing I dont like about foreign brokers is the expense of transferring my money from the USA to them and back again. If I find a broker that can bring those costs down, like issue a check, I would be more likely to move my money because with this system and the one I developed hedging the AUD/NZD strategy, I would have two very good money makers to play with.
  • #797
  • Dec 15, 2009 4:13am Dec 15, 2009 4:13am
Stevehopwood of scoobydoo trading system calls them CRIMINALS and I suppose he is correct. I have done extensive research and the best broker by far is DBFX but they do not have MT4 platform. One way of minimizing transaction charges are to use a broker who accepts credit cards and can credit your card as well.

Kind Regards
  • #798
  • Dec 15, 2009 5:54am Dec 15, 2009 5:54am
Quoting astral77
Stevehopwood of scoobydoo trading system calls them CRIMINALS and I suppose he is correct. I have done extensive research and the best broker by far is DBFX but they do not have MT4 platform. One way of minimizing transaction charges are to use a broker who accepts credit cards and can credit your card as well.

Kind Regards
I know of companies that will let you credit your card back the amount you put in but I dont know of one that will allow you to put more than you have put in into the account. If one does, I would be interested in knowing who they are. I have a credit card I need to pay off and that would be an easier way to do it.
  • #799
  • Dec 15, 2009 6:27am Dec 15, 2009 6:27am
Good morning nanningbob..I'm a bit confused, after the 3x3 warning you mention setting up the buy/sell EA for entry so as to not enter too early..which EA are you refering too for initial entry???

Great thread and system so far!!
  • #800
  • Dec 15, 2009 6:36am Dec 15, 2009 6:36am
Quoting sfg7th
Good morning nanningbob..I'm a bit confused, after the 3x3 warning you mention setting up the buy/sell EA for entry so as to not enter too early..which EA are you refering too for initial entry???

Great thread and system so far!!
There is a 3x3 Sell and a 3x3 BUY EAs. You use them to enter the trades. Why would you be confused over using either a sell or buy EA? I dont think I understand your question?
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