Nanningbob 4H trading system | Page 48 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Nanningbob 4h trading system ver. 5.0 4,432 replies

Nanningbob 60x90 EA 3,920 replies

NanningBob's 4H Sellhigh BUYLOW 158 replies

Help regarding NanningBob EA 27 replies

Help to improve profitable EA - 1H NanningBob 40MA 200 BB 10 replies

Attachments: Nanningbob 4H trading system
Exit Attachments

Nanningbob 4H trading system

  • #941
  • Jan 26, 2010 6:20am Jan 26, 2010 6:20am
hello nanningbob! i have been watching your thread from the beginning i believe. this is my first post here. i am very impressed with your results. unfortunately, i have no time whatsoever for the next 4 months to trade, but will learn your method someday
good luck with your trading!
  • #942
  • Jan 26, 2010 6:46am Jan 26, 2010 6:46am
Quoting tonny47
hello nanningbob! i have been watching your thread from the beginning i believe. this is my first post here. i am very impressed with your results. unfortunately, i have no time whatsoever for the next 4 months to trade, but will learn your method someday
good luck with your trading!
Thanks for the note. Good luck.
  • #943
  • Jan 26, 2010 4:45pm Jan 26, 2010 4:45pm
Still holding aud/nzd position, as well as usd/cad...

it was australia day yesterday so I was out doing things, instead of exiting positions!! lol.

Will add another level to the usd/cad position soon.
  • #944
  • Jan 26, 2010 5:46pm Jan 26, 2010 5:46pm
Took out my L1 eur/jpy, nice run by the gbp/usd yesterday. Jpy loses ground today would be a good day. Beginning to live with this 100:1 leverage, so far so good. Brought my profit level down a bit using smaller lots but surviving up to this point. This eur/jpy trade is reminding me of the eur/usd trade in December.
TAKE PROFITS
gbp/usd +75
STRADDLE TRADE

CLOSED FOR LOSS
 eur/jpy L1 -434
OPEN TRADES
aud/nzd -118 2L 0
chf/jpy, -224 2L -11
eur/cad -26
eur/jpy, L2 -283 L3 -19
eur/nzd -13
gbp/nzd -44
nzd/jpy, -210 2L 0
usd/cad -174 2L-10
usd/chf -135 2L 0

TOTALS
total for day -359
 for the week -300
for the month +1063
Carry over -1267

primary trades
BUYS usd/jpy gbp/jpy aud/jpy
SELLS

Secondary trades
BUYS
SELLS aud/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
  • #945
  • Jan 27, 2010 5:29pm Jan 27, 2010 5:29pm
For a quiet day not bad. hopefully we can end the week on an upnote.
TAKE PROFITS
aud/cad +38
aud/nzd 2L +44
gbp/jpy +66
usd/jpy +28
STRADDLE TRADE

CLOSED FOR LOSS
OPEN TRADES
aud/nzd -104
aud/jpy -15
chf/jpy, -225 2L -12
eur/cad +1
eur/jpy, L2 -283 L3 -19
eur/nzd -13
gbp/nzd -144
nzd/jpy, -238 2L -9
usd/cad -209 2L-45
usd/chf -170 2L -35

TOTALS
total for day +176
for the week -124
for the month +1239
Carry over -1520

primary trades
BUYS aud/usd
SELLS

Secondary trades
BUYS
SELLS gbp/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.
I no longer trade usd/sgd. It is going to 25:1 leverage, simply not worth using up that
  • #946
  • Jan 28, 2010 4:25pm Jan 28, 2010 4:25pm
Quiet week for me - didn't take any of the nzd trades as it is too volatile for my trading right now.

Still holding about -300 in draw down, looking for next week to start trading better.

I definately havn't been putting enough effort in. thus my result are suffereing. Will get back into it next week.
  • #947
  • Jan 28, 2010 5:48pm Jan 28, 2010 5:48pm
Yesterday was a good day but also a disappointing day. I took some profit trades and let some others run. They did not run and I lost some good opportunities to close out a couple of minimal loss trades. Hopefully we will get similar runs today and I will close them out. Eur/nzd was the one exception, nice run, I almost closed it out early. I am about ready to burn the eur/jpy in effigy. Looks like a nice double bottom today though.
TAKE PROFITS
aud/usd +0 I got a bad entrance on this one so closed out for no gain. nice run though if you took it 50+ pips
aud/jpy +67
eur/cad +58
eur/jpy L3 +47
eur/nzd +160
gbp/chf +24
 STRADDLE TRADE

CLOSED FOR LOSS
OPEN TRADES
aud/nzd -111 Last time this was going no where I closed out and then it dropped 200 pips Holding on this time
chf/jpy, -267 2L -54 roll over and play dead.
eur/jpy, L2 -377 new L3 0
gbp/nzd -146
nzd/jpy, -254 2L -25 I could have closed this out for a minimal loss, I probably should have.
usd/cad -219 2L-55 see nzd/jpy above. Same thing dumb.
usd/chf -196 2L -71

TOTALS
total for day +356
for the week +232
for the month +1595
Carry over -1775

primary trades
BUYS
SELLS

Secondary trades
BUYS nzd/usd aud/usd aud/jpy
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
  • #948
  • Jan 28, 2010 6:27pm Jan 28, 2010 6:27pm
Quoting nanningbob
Excellent ideas, however, we in the USA can no longer hedge. I had developed a trading system buying a buy and sell at the same time. I would then take profit no matter which direction price went and using half of the winning position to close 40% of the losing position. I would then hedge again and waited until one position profited enough to take away half of a losing position. I would then try to trade out the last part of the losing position. It worked well in my testing but because hedging was banned by the NFA I was no longer able to trade....
Hi Bob,

Would you mind share more details on your hedging method ? I think if we have a non US brokerthat allow hedging. Your method could bring more pips to everyone, thnakyou in advance.
  • #949
  • Jan 28, 2010 7:01pm Jan 28, 2010 7:01pm
Quoting nico28
Hi Bob,

Would you mind share more details on your hedging method ? I think if we have a non US brokerthat allow hedging. Your method could bring more pips to everyone, thnakyou in advance.
Go to Trading the aud/nzd successfully thread for that one.
  • #950
  • Jan 29, 2010 6:23am Jan 29, 2010 6:23am
Quoting nanningbob
Yesterday was a good day but also a disappointing day. I took some profit trades and let some others run. They did not run and I lost some good opportunities to close out a couple of minimal loss trades. Hopefully we will get similar runs today and I will close them out. Eur/nzd was the one exception, nice run, I almost closed it out early. I am about ready to burn the eur/jpy in effigy. Looks like a nice double bottom today though.
TAKE PROFITS
aud/usd...
I need about 150 pips of retrace to BE on the EUR/JPY trade thanks to taking profits on a L3 trade retrace on that pair monday.
  • #951
  • Jan 31, 2010 3:03pm Jan 31, 2010 3:03pm
I've been looking at a (5)SMA,(8)SMA cross as a trigger for your EA's as opposed to the 3,3 cross. Can I get your expertise on the changes needed in the code? This is at the end of the Buy EA.
//---- BUY MOVING AVERAGE
double Var6 = iMA(NULL, PERIOD_H4, 3, 0, MODE_LWMA, PRICE_CLOSE, 0);
double Var7 = iMA(NULL, PERIOD_H4, 3, 1, MODE_LWMA, PRICE_OPEN, 0);


Var6 = iMA(NULL, PERIOD_H4, 3, 0, MODE_LWMA, PRICE_CLOSE, 0);
Var7 = iMA(NULL, PERIOD_H4, 3, 1, MODE_LWMA, PRICE_OPEN, 0);


//---- lot setting and modifications

//buy order

if( Var 6 > Var 7 )


If I make these changes(changes in bold) will the EA buy when the (5)SMA crosses up over the (8) SMA?

//---- BUY MOVING AVERAGE
double Var6 = iMA(NULL, PERIOD_H4, 5, 0, MODE_SMA, PRICE_CLOSE, 0);
double Var7 = iMA(NULL, PERIOD_H4, 8, 1, MODE_SMA, PRICE_OPEN, 0);


Var6 = iMA(NULL, PERIOD_H4, 5, 0, MODE_SMA, PRICE_CLOSE, 0);
Var7 = iMA(NULL, PERIOD_H4, 8, 1, MODE_SMA, PRICE_OPEN, 0);


//---- lot setting and modifications

//buy order

if ( Var 6 > Var 7 )



thank you
  • #952
  • Jan 31, 2010 5:49pm Jan 31, 2010 5:49pm
Quoting Toothman
I've been looking at a (5)SMA,(8)SMA cross as a trigger for your EA's as opposed to the 3,3 cross....
Yes that is how it is done. Good job. I have gone to Bei Hai with a friend and the internet here is very spotty. Cant stay online long enough to post my trades. Will try now again. Sorry.
  • #953
  • Jan 31, 2010 6:21pm Jan 31, 2010 6:21pm
Take Profits:aud/nzd +23chf/jpy L3 +43eur/jpy L3 +95gbp/nzd +1 OPEN Trades: aud/usd -100chf/jpy, -267 2L 0eur/jpy, L2 -379 new L3 0 Playing that bottom S line again nzd/jpy, -246 2L -17usd/cad -239 2L-75 usd/chf -286 2L -151 L3 0Profit for the day: 162carry over: -1690Sorry I cant post more but the internet is troblesome at this hotel. Unless it gets better I probably wont open any new trades today. I will be back in two days. Gonna enjoy some days off.
  • #954
  • Jan 31, 2010 8:22pm Jan 31, 2010 8:22pm
Quoting Toothman
I've been looking at a (5)SMA,(8)SMA cross as a trigger for your EA's as opposed to the 3,3 cross. Can I get your expertise on the changes needed in the code? This is at the end of the Buy EA.
//---- BUY MOVING AVERAGE
double Var6 = iMA(NULL, PERIOD_H4, 3, 0, MODE_LWMA, PRICE_CLOSE, 0);
double Var7 = iMA(NULL, PERIOD_H4, 3, 1, MODE_LWMA, PRICE_OPEN, 0);


Var6 = iMA(NULL, PERIOD_H4, 3, 0, MODE_LWMA, PRICE_CLOSE, 0);
Var7 = iMA(NULL, PERIOD_H4, 3, 1, MODE_LWMA, PRICE_OPEN, 0);


//---- lot setting and modifications

//buy order

if( Var 6...
Thanks for all your input but I would like to point out, no matter what MA cross you use, you will always get a peeker trade. In other words price will cross and then uncross. The larger the numbers you use the longer it takes for price to enter and then a lot of the move could be gone. I have tried many different combos. However, doing these things will be an immense help in learning price movement and reaction and you will learn a lot by doing these things. It could be possible you may get fewer DD but you may also find out the profitable trades arent as profitable. The number of pips wont be as big. So when ever you gain in one area you will be giving something up in another.

I am working on an EA that will move the stop loss to 0 and then +10 after x amount of pips and also trades only one time and then quits. So far cant get all the pieces working and the guy working on it cant do it now. So it wont stop all the peekers but the more we eliminate the better off we will be. Good luck.
  • #955
  • Feb 1, 2010 6:17am Feb 1, 2010 6:17am
Quoting nanningbob
Thanks for all your input but I would like to point out, no matter what MA cross you use, you will always get a peeker trade. In other words price will cross and then uncross. The larger the numbers you use the longer it takes for price to enter and then a lot of the move could be gone. I have tried many different combos. However, doing these things will be an immense help in learning price movement and reaction and you will learn a lot by doing these things. It could be possible you may get fewer DD but you may also find out the profitable trades...
I know what you mean by the peeker trades. Crosses and recrosses occur often inside a 4HR candle. Right now I'm manually testing this 5,8 cross at the close of the candle with just a 50 TP. This after red line is at extreme and price is in upper or lower 1/3 of chart. You'll still get peeker trades at candle close but far less of them. So far what I've seen is you can almost always take 50 pips with a L1(TP set for 50) or L2 (TP set for around 100) and the 5,8 gives much better entry points when a pair goes on a long run without a retrace. That said, I still like the idea your working on and hope your programer can help you soon. I'll be looking at a 5,8 cross with that idea also.
By the way, Go Markets AUS. emailed me back yesterday saying they now accept US. citizens and offer up to 500:1 leverage. I don't know if you saw my question in the broker section entitled who's offering more leverage. Was trying to figure out weither FX SOL AUS or GO MARKETS had the better deal with leverage. FX S. offers 400:1 leverage with a margin call at 0% margin level and GO M. offers 500:1 leverage with a margin call at 100% margin level. Go M. has much better spreads.
  • #956
  • Feb 1, 2010 1:55pm Feb 1, 2010 1:55pm
Hey nanningbob, I just want to drop in and say hello and congratulate you to this great approach!

I totally agree with your observations but still have a few questions about your recovery stuff:

You wrote that you would use the recovery system to get out of the whole positions with a small win (or small loss) and therfore increase the positions size with a level 2 entry (and level 3). As far as I see you just use always the same positions sizes and close a level 2/3 for a profit if you see some but leave the other positions open? I guess you reenter the level 2/3 positions if it goes against your direction again? So you normally don't close the complete positions (and use cost averaging)? Why not?
  • #957
  • Feb 1, 2010 5:29pm Feb 1, 2010 5:29pm
//---- BUY MOVING AVERAGE
double Var6 = iMA(NULL, PERIOD_H4, 5, 0, MODE_SMA, PRICE_CLOSE, 0);
double Var7 = iMA(NULL, PERIOD_H4, 8, 1, MODE_SMA, PRICE_CLOSE, 0);


Var6 = iMA(NULL, PERIOD_H4, 5, 0, MODE_SMA, PRICE_CLOSE, 0);
Var7 = iMA(NULL, PERIOD_H4, 8, 1, MODE_SMA, PRICE_CLOSE, 0);


//---- lot setting and modifications

//buy order I changed the code to look like this but EA opened trade as soon as the 5,8 crossed. It didn't wait until the 4H candle closed. Do you know what else I'd have to change for EA to wait until candle close and then recognize the cross? thanks
  • #958
  • Feb 1, 2010 6:01pm Feb 1, 2010 6:01pm
Quoting Xaron
Hey nanningbob, I just want to drop in and say hello and congratulate you to this great approach!

I totally agree with your observations but still have a few questions about your recovery stuff:

You wrote that you would use the recovery system to get out of the whole positions with a small win (or small loss) and therfore increase the positions size with a level 2 entry (and level 3). As far as I see you just use always the same positions sizes and close a level 2/3 for a profit if you see some but leave the other positions open? I guess you...
In my downloads I have the same size lot philosophy but I have been using a progressive reentrance that works like this. If I originally played L1 5, L2 5, L3 5 that equals 15. Now I can play 3, 5, 8 which equals 16. This gives me smaller DD and quicker recovery. I dont need as many pips to 0 out a position but the total amount does not change. I am finding this slightly less profitable but much easier to erase a DD. The maximum amount of positions I am in in any trade is 3. After testing various martingale philosophies, 3 positions max seemed to give me the best return of risk to reward ratio. My win percentage is over 70% and I hit my SL of around + - 400 maybe 1-3 times a month on an average. I usually will win 1500-2500 pips a month so my monthly total always looks good. December was my one losing month but that was an extreme move I had not see before and dont expect to see that type of move again. In other words that was a very rare move of the forex to trend for 3 or more weeks without a major retracement on so many pairs at one time. Good luck trading.
  • #959
  • Feb 1, 2010 6:12pm Feb 1, 2010 6:12pm
Had a good day yesterday but my computer at this hotel has shut down on my 2 times this morning. It took me almost 30 minutes to do one post soooooooooo......... I am going home this morning and will post all my updates in about 5-6 hours. Sorry guys, I really apologize. I am going home.
  • #960
  • Feb 1, 2010 9:26pm Feb 1, 2010 9:26pm
just closed my aud/nzd position for +25 ish ahead of AU interest rate news.

Missed a fair few trades early yesterday as i was busy sleeping !!!
0 traders viewing now