NanningBob's 4H Sellhigh BUYLOW

Over the years we have developed several trading models that have worked under certain conditions. If you trade with some street smarts the different EAs have done well. We have range trading EAs that function very well if you stay away from the really big news stories.
Trading a currencies range is found at: http://www.forexfactory.com/showthread.php?t=150293

A second system of trading which is my favorite and I trade live all the time as a counter trend trading system is found at: http://www.forexfactory.com/showthread.php?t=169309

Trying to improve those systems I finally found a system of trading with the trend that I think will actually work. This system is about all the quaint phrases you find all over Forex Factory. FOLLOW THE TREND, SELL THE RALLIES, BUY THE DIPS. We are actually going to show how to do those things and letting an EA handle the entrances and most of the exits. First and foremost I want to thank SwingMan for inventing the best trend indicator I have seen. He took the ideas we had been trading in our counter trend system and came up with an indicator that really is close in showing when there is price reversal. He put the ideas in one indicator and as you will see it is dynamite. I added it to a trend trading EA that I was trying to get working and TaDa several great ideas merged into one and .......... well here is the thread. Lets trade the trend. We know when to get in, when to get out and when to reenter. When to buy the dips and when to sell the rallies with a degree of accuracy. So here we go. Please read all of the attached materials before posting questions. I will post my trades every day like I did in my 4H trading system and you will see the good and the bad. My first week will be on a demo account before I go live. I want to double check all the indicators and EAs first before committing live money. 5D Version is now ready but untested, so please test before using. Especially make sure of the MPTM EAs in the 5D version, the 4D versions I have already used on my live account with IBFX.
Changes
Version 3.1
I am posting version 3.1 changes in the EAs and templates. The changes are some of the lines were removed from the 02 series templates there is no TP so those lines were removed. They were also changed from a simple MA to a LWMA in both the EAs and Templates. A couple of the sell EAs had a -3 in the code and it should have been a +3 in the code so the werent working. I also enlarged the entrance area from 3 to 5 in all the EAs. Templates were also added for the MPTM templates that werent in the original. This update is called version 3.1 and should replace all 3.0 versions. I removed the mptm templates becuase newer versions are now available.

version 3.2 EAs only
Makes sure the Magic Number same as the EA number. Adds +10 to the entrance line price has to go 10 pips beyond the line to enter. The Stop loss was changed from 30 to 50. Fewer trades but far fewer stop losses. More profitable than the 3.1 in testing so far.

Version 3.3
Similar to version 3.2 but we have the EA stop trading when price reverses. See pages 6&7 for directions.

I will start with these following currency pairs. They are chosen because they belong to pairs that trend well, commodity currencies like NZD, AUD, CAD, or have low spreads and lower volatility. So from this list choose a mixture of what you would like to trade:
12 pairs
aud/cad, aud/chf, aud/usd
chf/jpy
eur/chf, eur/gbp, eur/usd
gbp/usd
nzd/usd
usd/cad, usd/chf, usd/jpy

alternates
aud/nzd if you can get low enough spread
good trending pairs:
nzd/chf
nzd/jpy
volatile pairs: face stop losses more often
aud/jpy
eur/cad
eur/jpy
gbp/chf
gbp/jpy

One issue you will face is getting the screen to refresh during non trading hours. To get the screen to refresh click on the MT4 screen and type Ctrl I. Your indicators will come up. Just close that screen and your screen will refresh. You need to do that whenever you visual back test. Go through the same steps and you will get a refresh. Below is your opening basic screen.

Like I do in my NB 4H trading system I will post my trades and their results everyday. This way I can explain the system as I trade. I will post them before the JPY session. Here are my Sunday/Monday picks. Now when I say I am picking a currency pair it means I will be turning on the EA for that pair. For now all mly trades will start at .10 lots. Also, on Sunday/Mondays I do not turn on the EA until after the gaps. This way I dont get a bunch of SL hits on the Sunday night/Monday morning spikes.

Today's profits

Today's losses

Live trades:

Turning on EA for the day.
BUY EA
gbp/chf
gbp/usd
usd/jpy

SELL EA
aud/chf
aud/usd
eur/gbp

Daily results

Weekly results

Monthly results.

Pic of the gbp/chf setup Monday. Will turn EA on after the gap but before the JPY session Sunday/Monday.

Thanks Bob. I have everything loaded and will give it all a look this weekend.

I have found one small error and a simple correctioin. The 102 and 202 templates have the green TP lines in them. They should not have the TP line because the EAs are for ECN or trading without a TP so the EA will not take a TP there. When you load the 102 or 202 templates remove the green TP MA line and resave the template.

Can you name the trend indicator you are referring to above from Swingman? Is it in the attached files?

Thor68

It is called the NB meter and it consists of 4 indicators. When all 4 are put together they make a line on your screen for buy or sell. Those are the Aqua and purple lines.

SWINGMAN's indicator for nzd jpy for a 4 week period. Week 1 (pink number) buy lines are activated, turn on buy EA. Week 2 buy EA is kept on and you follow the trend. Week 3 sell lines come on you close out your buys and turn on sell EA. Week 4 sell trend finishes and new buy trend comes on.

Week 2 through week 3 trade sequence. Around 12 trades taken. Trades 2 and 7 may hit SL trade 12 is a maybe. EA buys when price hits pink line, closes for profit when it hits green line. So in 12 trades 10 are winners, maybe 2 will stop loss but they become winners when they cross the pink line back up again so they off set the loss. So you have 10 or 11 winning trades and two losing trades. Both losing trades are offset by them becoming winners. This is called buying the dips in an uptrend. You then turn off EA at the new purple lines and turn on sell EA and follow price back down.

week 3 and 4 you have the sell EA on and have trades 13-20. Trades 13 and 14 hit their SL but reenter on their way back down. 15-20 are all winners. So 8 winning trades and 2 SL. Then you turn on the buy EA and away we go again. This is called selling the rallies in a downtrend. This gives you a method on how to do it.

The EA has a spike filter. It will only enter between the white and pink lines. If a news story hits and goes the wrong way 140 pips you only hit the SL once not 4 times. It will not reenter until price moves back inbetween the two lines. If we find we are missing trades because those lines are too narrow we can open them up some. But that is my spike filter. Holds you to one loss on a spike. Yellow arrows are where price enters and the second yellow shows direction of the news spike if it happened. White x shows 2nd entrance, second white x shows its exit for a small loss. This is really a sell screen with the buy EA on but I wanted to show how the EA would work in this case. Since these are 4H candles you have 4 hours to turn the EA off in case a super news story hits and prices are going crazy.

thanks for a great new thread, will upload the files and start testing sometime next week. Knowing your methodical and thoughtful approach I am sure this will be another good solid system.

ALL THE BEST.

It looks like my mptm is a part of this system. You have no idea how chuffed this leaves me feeling.

I shall not be involved in this thread, but only because I have enough of my own on the go.

I am absolutely thrilled that my management ea has found such a wide use and wish you all the very best of luck.

I am really love your MTPM thanks for sharing it. Great management EA. All the best to you.

Signing up. Thanks, Bob.

Lenoxer.

Bob,
If candle is past the trigger line and you turn the EA on, will it kick in the trade immediately or will it wait until a retrace and the next crossing of the trigger? thanks

A trade should only enter when price is between the pink and white lines. The EA is set at = to or +3 on sells -3 on buys on the 3MA simple High/low. That is a 4 pip range. It is how I solved the spike problem of news stories so you dont get caught in a series of losing trades. As of yet I do not know if this amount of space is enough to ensure a trade gets entered or if it is too narrow. So if price has gone past the entrance point, the trade should not enter until it retraces back to the line. All entrances and exits are based on the bid line. The hopeful beauty of this then is if you see price spike up past the line, you turn the EA on hopefully catching the retracement later. This is a change from what we were testing earlier in the 4H trading thread. I had this problem with spikes in my earlier EA tests so I changed to this. If I take a SL I only want one not several. The other part of the theory is if price retraces back and enters after a stop loss you regain back most if not all of the SL very quickly. Anyway that is how it is suppose to work. If a broker or bank uses spikes to clear out stop losses we still get back in the trade at a good point and recover our loss quickly.

See example pg.1 post #11 trades 2 & 7 would have hit their stop loss but then retraced, entered and went on to profit. They may not have earned the total 30pip SL back but they would get most of it. See also post #12 trades 13 and 14 for the same thing. So what I tried to design in the system that if you hit a stop loss most of the time you will earn the pips back in the very next trade going with the trend. That is a deliberate design in the system. On the other hand if price moves hundreds of pips away during a 4H run. The EA will never reenter and you have until the end of the 4H bar to turn the EA off or plan another strategy. I thought this strategy would be better in the long run than using an EA that would do one trade and quit and then you would have to reset it. So that was my thinking behind the narrow entrance point.

Hi !

I want to ask you if these indicatores NB Meter_Macd, NB Meter_RSI,
NB Meter_Stochastic it repaints? Could I use them for inferior timeframes like 5 or 15 minutes?
This question is also for SwingMan.

Thank you
Best regards