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Nanningbob 4H trading system

  • #1,021
  • Feb 15, 2010 7:34pm Feb 15, 2010 7:34pm
Quoting nanningbob
... I also want to get rid of that stupid poll 54 -55 when I think I am the only trader in FF who has posted all his trades before he takes them for the last 6 months and is profitable.
You should get rid of the poll. The reason some people have voted in such a way is because they do not understand the system, it is too complicated for them and they do not understand it. Unfortunately, although majority of traders are educated and have reasonable degree of intelligence when it comes to forex they act in a stupid fashion. Believe me because I talk with good authority. What makes me such an authority? Because till some months ago I was one of those DAFT traders. When the EURIKA moment comes it hits one like a thunder bolt and one realizes how stupid one has been. I suppose this is a right of passage that we have to go through. Some will never learn and this will result in blown account and bye bye forex for ever. Most traders want quick simple results with a holy grail type of EA which does all the thinking for them and all they have to do is to load the EA, sit back and reap the rewards. Well dream on.

N.B.To all the loss making traders who are visiting this thread for the first time. This is the most comprehensive successful method on FF. It is a COMPLETE SYSTEM. If you do not believe it, open a penny account and just replicate Bob’s trades. You do not need to do the thinking. You will see a steady growth of your account (between 15% to 20% per month). He is handing it to you on a plate. If you can not do this simple thing then you should give up forex and put yourself out of the misery.

Kind regards
P.s. A new thread maybe a good idea. Please keep up the good work.
  • #1,022
  • Feb 15, 2010 7:34pm Feb 15, 2010 7:34pm
Quoting Toothman
Bob, I sent you an email. Can you read before posting the system? I have a few odds and ends you may be interested in . Looks like version 3 is cutting DD already!
I sent you an email. What I am going to post is most of the stuff but the book with some basics. The book will need to be revised again because I could not get an EA to run my custom indicator. I found a very close common indicator that was easy to code. It could be weeks before I get my custom indicator working as an EA and I am not sure it would be that much better than what I am going to post. The differences are marginal at this point.
  • #1,023
  • Feb 15, 2010 7:55pm Feb 15, 2010 7:55pm
As you know I am deep in DD on my USD/CHF trade. I will show you my entrance off of the RWB only indicator and now with the new Fourths indicator. The green line is my entrance with the 3x3 but the check marks are my entrance with the gold lines. What these do is help filter out the MACD slide we faced occsionally with the RWB. Instead of being 400 pips in the hole, my entrance comes later and either check mark trade goes into profit within hours. The first white check would be a 50+ profit, the second would be an 80-90 profit. With my 3x3 I did not get a good second entrance so I never got a good retrace to zero out and now a month later I am still with it, looking for my best exit. Any way pic 1 one comparing version 2 with version 3. Anyway with version 3 I never would turn on the EA at letter A. It is below the gold line even though at that time the RWB were above/near the 85.
Attached Image (click to enlarge)
Click to Enlarge Name: jan 20 usd chf trade.gif Size: 25 KB
  • #1,024
  • Feb 15, 2010 8:05pm Feb 15, 2010 8:05pm
The next week Feb 1 you can see my original trade is waiting for a retracement so I can break even. Price moved back below the gold lines but by the end of the week they are above the gold lines again. I put check marks where the EA could have entered. Again both go into profit and both are for 50+ pips depending where you close out. You can see how the gold lines really filter out the trade as they move from week to week. This is a nasty long drawn out trend but Version 3 filters it out just great. The hope is we will seldom need a 2nd level trade even during a nasty trend run. With the Hopwood break even EA we wont be taking losses on these trades. As soon as they go 20 pips into profit we move our SL to break even.
Attached Image (click to enlarge)
Click to Enlarge Name: feb 1 usd chf trade.gif Size: 23 KB
  • #1,025
  • Feb 15, 2010 8:06pm Feb 15, 2010 8:06pm
Quoting nanningbob
I have just started using Hopwoods Multi-purpose trade manager. Can anyone tell me whether the EA automatically adjust from 4 digit accounts to 5 digit accounts? I noticed he only has one version.
You have to add a digit for 5 digit broker (e.g. 20 pip for 4digit and for 5digit enter 200 for 20 pip).

As for USDCHF please read scooby`s posts regarding this. He says that there are a gropu of professional traders who are successfully scalping this pair and it is being manipulated by the brokers and other actors.

kind regards.
  • #1,026
  • Feb 15, 2010 8:14pm Feb 15, 2010 8:14pm
This is the present screen today. You can see where price moved below the yellow line and then moved back up. You see where I put a manual trade and am in profit already. SL to break even and this trade is set to run. If it goes back up I am out at 0 and the EA is active to enter at a new high again. Meanwhile my original trade is still in deep DD and is now off the screen. (this is not my live screen but a demo account) So even with a long trend going against you version 3 is superior to version 2. I want to thank the usd/chf for this long trend because it was the one I studied to develop version 3. So in losing now I think I win in the future. Anyway Toothman this is what I was trying to explain in my email I sent to you. I thought the whole trade process with the USD/CHF would help everyone understand the system better. Enough talk I am taking a break and will get my first system posting up when I get back. So her is one month of DD with the version 2 and the version 3 alternative.
Attached Image (click to enlarge)
Click to Enlarge Name: feb 15 usd chf trade.gif Size: 21 KB
  • #1,027
  • Feb 15, 2010 8:16pm Feb 15, 2010 8:16pm
Quoting astral77
You have to add a digit for 5 digit broker (e.g. 20 pip for 4digit and for 5digit enter 200 for 20 pip).

As for USDCHF please read scooby`s posts regarding this. He says that there are a gropu of professional traders who are successfully scalping this pair and it is being manipulated by the brokers and other actors.

kind regards.
Well we will just play along with their manipulation then.
  • #1,028
  • Feb 15, 2010 11:46pm Feb 15, 2010 11:46pm
Hello mates, Long time no see since I am not posting for a while.

It sounds great to introduce divergence concept in counter trend trading. But should the line be drawm with the close instead of high or low, because RSI is cacluated base off the close price?



Quoting nanningbob
Toothman here is your divergence and how it will be used with this system. You have a double top and divergence on the RSI (white lines) So this trade you would want to take half profit at some point and let the rest ride until the RSI recrosses the white line. Hey we will be using a counter trend system to follow the trend. Neat HUH. You wont win all of these but we will take our shots at it.
  • #1,029
  • Feb 16, 2010 2:56am Feb 16, 2010 2:56am
Quoting henryloving
Hello mates, Long time no see since I am not posting for a while.

It sounds great to introduce divergence concept in counter trend trading. But should the line be drawm with the close instead of high or low, because RSI is cacluated base off the close price?
It shouldnt make any difference because you will see the divergance and have the EA on. When it enters the trade you will monitor it. I have seen pics with RSI in which you will get 3 or 4 divergances before you get the real change of direction. In this system 5 things will happen:
1: The MPTM will bring your SL to breakeven, price reverses on you and you have a zero trade.
2. Price will move to the TP of the EA and close out that trade then the EA waits for the next entrance point.
3. You are using the jump SL which I will start at 25. So at +25 you are at 0 50 it moves the SL to +25, 75 it moves to +50 and so on until price reverses and you have profit.
4. Price never gets to the +20 so you have a negative trade in which we start looking for a second entrance and we multi-level trade like we did in the past.
5. Price went in your favor, on divergance we play the long run so we profit 1/2 at some point and then close out the other half when RSI crosses a 45% angle which we will draw on the chart. So whether divergance is at the open or close does not matter. We only want to see it.
  • #1,030
  • Feb 16, 2010 3:59am Feb 16, 2010 3:59am
Hi BOB

Please go to stevehopwood`s thread (http://www.forexfactory.com/showthread.php?t=89371) and download the latest version of mptm, there is bug fix with regard to the trailing stop function.

Kind Regards
P.S. Steve does not use different version file names (he says it clutters his PC), so it wil;l have the same file name with a different modified date.
  • #1,031
  • Edited Feb 17, 2010 2:41am Feb 16, 2010 8:19am | Edited Feb 17, 2010 2:41am
Quoting astral77
Hi BOB

Please go to stevehopwood`s thread (http://www.forexfactory.com/showthread.php?t=89371) and download the latest version of mptm, there is bug fix with regard to the trailing stop function.

Kind Regards
P.S. Steve does not use different version file names (he says it clutters his PC), so it wil;l have the same file name with a different modified date.
I have done that but this newest version may have a problem. I am too tired to work on this anymore so I hand it over to all of you for testing. The EAs work fine and maybe we will need the exisitng TS until we get the MPTM working well with the system. I have a bare minimum explanation of the system with it. The book will have to wait until we get all the bugs out. I need help testing this, this took a lot longer longer than expected and so far I have 4 days of 10-12 hours into it. Sorry it took so long but this version is workable. thanks for all your help. I may go back to Steve's previous version because it worked well. We dont need the TS stop function for this we can use MT4 existing one for that. What I like is the jump TS, it gives more room on the retracements. Attached is the system in its simplest and rawest form.
The 201-203 non pink Sell EAs had an incorrect coding in them Delete them and add the ones in the second folder. The ones with pink in them are ok. That is both the 4d and 5d versions. Sorry.
Attached File(s)
File Type: zip NB 4H VER. 3.zip   937 KB | 459 downloads
File Type: zip REPLACEMENTS.zip   64 KB | 341 downloads
  • #1,032
  • Feb 16, 2010 11:45am Feb 16, 2010 11:45am
Quoting nanningbob
I have done that but this newest version may have a problem. I am too tired to work on this anymore so I hand it over to all of you for testing. The EAs work fine and maybe we will need the exisitng TS until we get the MPTM working well with the system. I have a bare minimum explanation of the system with it. The book will have to wait until we get all the bugs out. I need help testing this, this took a lot longer longer than expected and so far I have 4 days of 10-12 hours into it. Sorry it took so long but this version is workable. thanks for...
Not able to open the zip file. Can you try to post again? Thanks.
Field
  • #1,033
  • Feb 16, 2010 3:58pm Feb 16, 2010 3:58pm
The zip file does not contain a "profiles" folder. Just letting you know!

Thank you very much for all the hard work, I am eager to see how this goes.
  • #1,034
  • Feb 16, 2010 3:58pm Feb 16, 2010 3:58pm
Quoting newera
Not able to open the zip file. Can you try to post again? Thanks.
Field
Try a different browser it downloads just fine for me. Dont know what causes that problem but it is not the file.
  • #1,035
  • Feb 16, 2010 4:04pm Feb 16, 2010 4:04pm
Maybe the folder is too big let me try smaller parts.
Attached File(s)
File Type: zip Instructions.zip   344 KB | 422 downloads
File Type: zip 4D VERSION 3.zip   294 KB | 354 downloads
File Type: zip 5D VERSION 3.zip   294 KB | 382 downloads
  • #1,036
  • Feb 16, 2010 4:23pm Feb 16, 2010 4:23pm
Thanks bob - will get this up today on the demo and see how it goes
  • #1,037
  • Feb 16, 2010 4:45pm Feb 16, 2010 4:45pm

I wanted to see what happened last night, it is 6 am here and with Chinese New Year eveyone else is sleeping. SO.... Well, I took a loss for the day because I closed out the USD/CHF with RWB on the bottom but I protected last months profit and this months profit by finally closing down the last of my large DD. It took some patient trading but the system works. Only a handfull of the old system trades left but sitting good now. I will probably change the way I show results. Instead of primary and secondary trades I will have primary and divergance trades starting tomorrow. Will see how this all works out. Also may no longer need the currencies I trade thing on the bottom. Decisioins, decisions. Bye BYE USD/CHF. I love it when a plan works.

TAKE PROFITS
aud/nzd, ver.3 +17 profit and reentered saw divergance so now using the no TP EA or I am not using any EA and lett it run. If the MPTM works it will bring my SL to 0 at +20 so I will be in no danger if price drops.
nzd/chf +15 same as above
eur/cad +1 ver.3 +40 2nd trade +39 switched to pink mode after the second trade.
gbp/nzd ver. 3 +88
STRADDLE TRADE

 CLOSED FOR LOSS
usd/chf -245 2L -196 3L -30 Ver. 3 +115 (I am all done with this trade RWB are on the bottom no need to continue, I consider this my best exit)
OPEN TRADES
 SELLS
aud/chf, -37 ver. 3 trade +27 divergance keeping the trade and turned off EA
aud/jpy -154 ver. 3 -28
aud/nzd, -39 ver.3 -1
nzd/chf -45 ver.3 +1 divergance turned off EA
 eur/aud, -89 ver. 3 -12 divergance turned off EA
eur/nzd -97 ver. 3 -11 (no change from yesterday)
usd/cad -21
TOTALS
total for day -156
 for the week -156
for the month +1179
Carry over -583
 primary trades
BUYS
SELLS
aud/usd put pink on since I missed the first opportunity
Secondary trades
BUYS
eur/cad keeping pink EA on in case it retraces will turn it off after it crosses the gold line.
gbp/nzd turned this on yesterday and got one nice trade, keeping the EA on.
SELLS
nzd/jpy turned on EA, hope I am not too late on this or too early hmmmm
nzd/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.
I no longer trade usd/sgd. It is going to 25:1 leverage, simply not worth using up that much margin.[/quote][/quote][/quote]

[/quote][/quote]
  • #1,038
  • Feb 16, 2010 5:01pm Feb 16, 2010 5:01pm
Does anyone know a good 4D demo so I can work on the MPTM on a 4D demo account?
  • #1,039
  • Feb 16, 2010 5:05pm Feb 16, 2010 5:05pm
FX Solutions UK. is 4 digits I'm pretty sure. This is their web address - http://www.fxsol.co.uk/downloads/met...r-download.asp
  • #1,040
  • Feb 16, 2010 5:11pm Feb 16, 2010 5:11pm
I'm using Tadawul FX live... its 4 digits... no swap and fixed spread.. good for testing since you know the conditions are the same at all times.

BTW looking at AUDNZD... what time did you take the trade? On the Sell high I see it would have been at the pink line since the white is hovering above the resistance.

But the RSI(5) hasn't been in overbought territory since the 12th... there is one spike at 1.2759 that brought it back to overbought... is that where you placed the trade? I see the divergence after that..

This one probably hit B/E for you since it went higher that 1.2759...

Jag
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