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Nanningbob 4H trading system

  • #1,101
  • Feb 20, 2010 3:54am Feb 20, 2010 3:54am
OK these are version EAs 3.1 I have changed some of them. 01 and 02 series are for non ECN and 03 and 04 are for ECN dealers. Also corrected a couple of more mistakes made in the code. This also solves my closing at the wrong time when I enter a 2nd level. When you use the 02 or 04 series for the 2nd level you have removed the 01, 03 series EA from your screen and the TP at the green line is no longer active. If you have a non ECN account the 03 and 04 series EAs will still work. If you have an ECN account the 01 and 02 series EAs should not work.

·The 101 and the 201 (except pink EAs) enter from the white outside lines and take profit at the green line.
·The 102 and the 202 (except pink EAs) enter from the white outside lines and have no take profit at the green line.
·101,102,201,202 all have take profit and stop loss settings placed at the time of the trade.
·103,203,104,204 are for ECN dealers. They have no stop loss or take profit settings.
·The 103 and 203 series have no SL or TP and are used with ECN MT4 dealers. They will close the trade at the green line.
·The 104 and 204 series have no SL, TP or Green line profit. All they do is enter the trade, you manage the trade after that.
·The numbers are also the magic number for each EA.
·Any EAs with pink in its name enters on the cross of the pink line instead of the white line.
dont forget to save the new EAs to your template or you will get the old setup.
Attached File(s)
File Type: zip 4D EAs 3.1.zip   127 KB | 327 downloads
File Type: zip 5D EAs 3.1.zip   127 KB | 338 downloads
  • #1,102
  • Edited 9:01am Feb 20, 2010 8:33am | Edited 9:01am
Quoting nanningbob
Here are the 4D and 5D versions of MPTM that have worked for me on IBFX. I will be using these on my live account starting Monday. They are the newest versions downloaded on 2-16. Let me know if you are having any problems with them. The settings are BreakEven EA break even after 20 pips. The jump EA breaks even at 20 and then moves the stop every 25 pips. So at 50 pips you secure a 25 pips profit at 75 pips you secure a 50 pip profit. I put NB in the titles to show these are the ones that go with my system, it is never meant to take any credit...
Hey Bob,
The default settings on the manager will manage all your pairs at the same time right? Don't you want the manager to only control the chart you put it on? To do this, the ManageAllPairs would need to be set to false,and the ManageThisPairOnly would have to be set to true, right?
  • #1,103
  • Feb 20, 2010 10:27am Feb 20, 2010 10:27am
Bob,
Was wondering when you were going to post the instructions (I've read the original but I'm sure you've made changes), the fourths indicator and the chart profiles? thanks much
  • #1,104
  • Feb 20, 2010 11:52am Feb 20, 2010 11:52am
Hello Bob,

I have read your original documentation and I think your system looks really good. I have a couple of questions that would very difficult to explain in text. Would it be possible to discuss on the phone. I am US central time zone but I would be happy to accommodate whatever schedule you choose for you convenience. I am strongly considering making this my primary trading system. Please, can you help me just a little.

Thanks,
Glen
  • #1,105
  • Edited Feb 21, 2010 12:44am Feb 20, 2010 11:52pm | Edited Feb 21, 2010 12:44am
Quoting PipPrince
Hello Bob,

I have read your original documentation and I think your system looks really good. I have a couple of questions that would very difficult to explain in text. Would it be possible to discuss on the phone. I am US central time zone but I would be happy to accommodate whatever schedule you choose for you convenience. I am strongly considering making this my primary trading system. Please, can you help me just a little.

Thanks,
Glen
Yes that would work. I have this week off before I go back to teaching. I live in China and my time right now is the same as Eastern time plus 13 hours or 14 hours from central time. So if it is 8 am your time it is 10 pm my time. So the best times would be 8am -10am your time or 8pm to 10pm your time. Send an Email to [email protected] and we can talk on Skype. The call will be free and maybe someday set up conference calling.
  • #1,106
  • Feb 21, 2010 12:02am Feb 21, 2010 12:02am
Quoting Toothman
Hey Bob,
The default settings on the manager will manage all your pairs at the same time right? Don't you want the manager to only control the chart you put it on? To do this, the ManageAllPairs would need to be set to false,and the ManageThisPairOnly would have to be set to true, right?
Yes that is true but so far I have not tested to satisfaction MPTM set to a specific Magic Number. The EA I am using Magic number system is not working very well as you can see from my last report. The EA is closing all the trades on a currency not just its specific MN. I also have not tested it doing one currency like you explained. What you guys are seeing is what I go through to get a finished product. I think it is necessary that a group of people understand this system. When we start the new thread I will need help in that area because once I start teaching again at the University in 8 days my time will be limited. Also it helps you realize how much time, effort and testing is needed to get a solid working product. Plus I am getting some great ideas which I have not added to this thread yet. Toothman's I breakeven indicator I finished up yesterday. The enter when ever price is above or below 10% of the screen is still in development. Swingman's indicator intrigues me and I am studying that one every day gleaning ideas. Macman has also helped. So this takes time. I hope you understand. Normally I do this myself and post the system one or two months down the road but I really felt I needed help on this one and I coudnt do it all myself.
  • #1,107
  • Feb 21, 2010 12:09am Feb 21, 2010 12:09am
Quoting Toothman
Bob,
Was wondering when you were going to post the instructions (I've read the original but I'm sure you've made changes), the fourths indicator and the chart profiles? thanks much
I have decided to significantly change what I have in the book. Instead of one book I want to have several so I can update each section as needed. For example when I posted the most simple basics earlier I had one book just describing the indicators. I want to follow that format. So I will have one booklet on the EAs, one on Indicators, one on MPTM, etc. So if there are any changes I just need to change that booklet and not the whole book. So you may have MPTM ver. 2, and Indicators version 1, and EAs ver. 5. I think this will make it easiest to update the system. You dont have to go through the entrie book to read my updates. I can just say EA ver 6 is ready and you can update just that booklet. This will also help with variants like Swingman's. We could keep a booklet just on his system variant and so forth. I think it will be easier to manage that way.
  • #1,108
  • Feb 21, 2010 6:16pm Feb 21, 2010 6:16pm
Hi Bob

I have been thinking about getting better entry in your system. No doubt what I am going to ask has been analyzed by you before and please forgive me if this is a repetition. Just wanted to have your thoughts and reasoning.

The first thought was to have gradual entry (i.e. if going for 0.08 lots in total, entering 0.02 every 50 pips of negative movement). I came to the conclusion that this would not be compatible with the 2-4-2 recovery.

The second thought looks attractive to me and I will be trying it for a period and report back to you. In the meantime your input would be gratefully appreciated. Oh I forgot the idea is when the conditions are right for entry instead of immediate entry or using the EA, to put a PENDING order of say 25 pips difference (e.g. if the system indicates a long entry at price of 0.1500, a pending order for 0.1525 is placed). If the retrace happens at that point we are worse off by 25 pips. However, if it does not we could trail it by every 25 pips. This way we will have lower DD and higher profits when the retrace happens.

I hope I have made myself understood and I have an inkling that you are going to say this is a daft idea; if possible I want to know why.

Kind Regards
  • #1,109
  • Feb 21, 2010 6:36pm Feb 21, 2010 6:36pm
Quoting astral77
Hi Bob

[color=black][font=Verdana]I have been thinking about getting better entry in your system. No doubt what I am going to ask has been analyzed by you before and please forgive me if this is a repetition. Just wanted to have your thoughts and reasoning....
astral,
I know Bob will have some good advice but thought I'd weigh in . It's very important to keep the 150-200 pip spacing or you'll use up too much margin. Right now (before Bob gets this new version up and running) I'm entering initially when red white and blue are at extremes, price is in top or bottom third of chart and RSI(8) shows divergence. I won't enter a L2 trade until price has moved at least 200 pips against me and these same conditions arise again.
  • #1,110
  • Feb 21, 2010 7:04pm Feb 21, 2010 7:04pm
I have a question for Bob or anyone who has a definitive and well thought out answer. I can look at a chart that has all three (white blue and red, Macd and Stoch) in the 85+ area, but when I enlarge the chart the red (macd) drops down to about +70. I am new to this system and realize that there has been some debate about the ever changing macd line, but do we have an answer on this. I can't believe that our entry signal is partially based on the size of your chart on your screen.

Thanks in advance for any and all answers.

Glen
  • #1,111
  • Feb 21, 2010 7:51pm Feb 21, 2010 7:51pm
Quoting Toothman
astral,
I know Bob will have some good advice but thought I'd weigh in . It's very important to keep the 150-200 pip spacing or you'll use up too much margin. Right now (before Bob gets this new version up and running) I'm entering initially when red white and blue are at extremes, price is in top or bottom third of chart and RSI(8) shows divergence. I won't enter a L2 trade until price has moved at least 200 pips against me and these same conditions arise again.
I am sorry if I did not explain properly. The whole point is to reduce DD and hence Margin. This is only for the initial entry only. Once position is open everything is done according to the system. Pending order MAY (with a big emphasis on MAY) help to reduce DD. For instance when the conditions are right for a long entry instead of instant execution we place a pending order 25 pips above the present price if after 8 hours price has gone done by 50 pips we move the pending order 50 pips lower and so on. Once the retrace starts and the price starts going up our order is triggered.

I hope I managed to get m point across.

Kind regards
  • #1,112
  • Feb 21, 2010 9:07pm Feb 21, 2010 9:07pm
Quoting PipPrince
I have a question for Bob or anyone who has a definitive and well thought out answer. I can look at a chart that has all three (white blue and red, Macd and Stoch) in the 85+ area, but when I enlarge the chart the red (macd) drops down to about +70. I am new to this system and realize that there has been some debate about the ever changing macd line, but do we have an answer on this. I can't believe that our entry signal is partially based on the size of your chart on your screen.

Thanks in advance for any and all answers.

Glen
Well, if re-sizing is an issue, id say view that chart so it's quite magnified to spot the entries.

The actual value of the MACD doesn't change, just its visual representation on the screen.
  • #1,113
  • Feb 21, 2010 9:17pm Feb 21, 2010 9:17pm
Quoting PipPrince
I have a question for Bob or anyone who has a definitive and well thought out answer. I can look at a chart that has all three (white blue and red, Macd and Stoch) in the 85+ area, but when I enlarge the chart the red (macd) drops down to about +70. I am new to this system and realize that there has been some debate about the ever changing macd line, but do we have an answer on this. I can't believe that our entry signal is partially based on the size of your chart on your screen.

Thanks in advance for any and all answers.

Glen
Entry with RWB lines at extremes on a chart size showing 4 weeks of data. 4 weeks of data gives you a good look at previous price movement. All this with price at top or bottom third of chart. Macd line shifts but is good indicator as it appears at far right of screen.
  • #1,114
  • Feb 21, 2010 9:32pm Feb 21, 2010 9:32pm
Quoting astral77
I am sorry if I did not explain properly. The whole point is to reduce DD and hence Margin. This is only for the initial entry only. Once position is open everything is done according to the system. Pending order MAY (with a big emphasis on MAY) help to reduce DD. For instance when the conditions are right for a long entry instead of instant execution we place a pending order 25 pips above the present price if after 8 hours price has gone done by 50 pips we move the pending order 50 pips lower and so on. Once the retrace starts and the price starts...
I kinda like the pending order idea but the the 3x3 cross is doing pretty much the same thing in my opinion. As price continues to move up in a buy situation, the 3,3 moving averages move up with price, delaying entry until better price.
  • #1,115
  • Feb 21, 2010 11:22pm Feb 21, 2010 11:22pm
Quoting Toothman
I kinda like the pending order idea but the the 3x3 cross is doing pretty much the same thing in my opinion. As price continues to move up in a buy situation, the 3,3 moving averages move up with price, delaying entry until better price.
The 3x3 can still be used. I had a trade I thought I missed the low so I put on the 3x3 and it entered a nice trade for me. (GBP/USD) The mptm has move me up to guaranteed 40 pip profit so its a nice trade now. I have turned off the MPTM because the SL is now just below the S/R line. So if price retraces back down I have my profit if it continues up it wont close out the trade early on a retrace. If price did continue to go down and not enter off of the 3x3 then I could put the low EA on again and get a deeper entrance. I may develop an EA that does either/or, enter at 3x3 cross or the deepest low/high. Once I am at the bottom 10-15% of the screen I want to get my best entrance but I do want my entrance. There is a lot of flexibility here.
  • #1,116
  • Feb 22, 2010 5:59am Feb 22, 2010 5:59am
Bob, Could you post the fourths indicator when you get a chance. I tried to modify the thirds indicator but it won't show the top line correctly. Also, does the trailing stop feature work on the EA's? When you set the trailing stop to true, 30, does the ea set the TS to 30 when you're up 30 or does it set TS to 30 as soon as the trade initiates? thanks
  • #1,117
  • Feb 22, 2010 6:45am Feb 22, 2010 6:45am
Quoting Toothman
Bob, Could you post the fourths indicator when you get a chance. I tried to modify the thirds indicator but it won't show the top line correctly. Also, does the trailing stop feature work on the EA's? When you set the trailing stop to true, 30, does the ea set the TS to 30 when you're up 30 or does it set TS to 30 as soon as the trade initiates? thanks
I have not used that feature in MPTM yet since MT4 has its own. It will be last on my list. The original thirds indicator is found here along with a variant.

http://www.forexfactory.com/showthre...97#post3464597

The posted fourths indicator is found at the paper clip in the upper right hand corner.
  • #1,118
  • Feb 22, 2010 6:50pm Feb 22, 2010 6:50pm
2nd verse er 10th verse same as the first. Roll over Fido, play dead, play dead. ZZZZZZZZZZZZZZZZZZZZZZZZZ Took some small profits for the sake of taking some profit. I have the EAs turned on in case they bounce back down and reenter. For example I had the EA on for the nzd/usd and it took two trades and profited at the green line. One was for +19 and the other for +11. The USD/JPY did a nice small run so I took that also. Put the sell high pink on to see if following the trend down will work. Broke even out of the gbp/usd. Still eeked out 126 pip profit and reduced my DD. Saw nothing new so we sit and wait on the market to do its thing. This also is playing havoc on my testing because there is nothing to test. Dont know what indicators and EAs will do if price doesnt move.

TAKE PROFITS
eur/gbp +72
nzd/jpy +5
usd/cad +19
usd/jpy -23 L2 +63

STRADDLE TRADE

 CLOSED FOR LOSS
gbp/usd -85 L2 +75
OPEN TRADES
aud/chf, -70 ver. 3 trade -3 (staying in a 100pip range for 6 days now)
aud/jpy -187 ver. 3 -127
aud/nzd, -112 ver.3 -74
aud/usd -84
eur/aud, -198 ver. 3 -112 divergance turned off EA
eur/cad -155 L2 -53
gbp/nzd -203 L2 -74
gbp/chf not entered
TOTALS
total for day +126
 for the week +126
for the month +1275
Carry over -1452
 primary trades
BUYS

SELLS
Secondary trades
BUYS

SELLS

Took the favorite pair section off. I am testing all currencies with version 3. Not using usd/sgd though.[/quote]
  • #1,119
  • Feb 23, 2010 12:49pm Feb 23, 2010 12:49pm
Hey Bob,
Will the EA's work without the fourths indicator on the chart? I went to the attachment and downloaded the variant but it still divides my chart into equal thirds as original does.
  • #1,120
  • Feb 23, 2010 3:21pm Feb 23, 2010 3:21pm
Quoting Toothman
Hey Bob,
Will the EA's work without the fourths indicator on the chart? I went to the attachment and downloaded the variant but it still divides my chart into equal thirds as original does.
The EAs work anywhere on a chart. They are not based on any indicators but crossing MA. We just dont turn them on until they get beyond the lines. Anyway here is the fourths indicator. Enjoy.
Attached File(s)
File Type: mq4 NB Fourths.mq4   2 KB | 379 downloads
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