NanningBob's 4H Sellhigh BUYLOW | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Nanningbob 60x90 EA 3,920 replies

Help regarding NanningBob EA 27 replies

Nanningbob 4H trading system 2,017 replies

Indicator needed for Nanningbob strategy 2 replies

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

Attachments: NanningBob's 4H Sellhigh BUYLOW
Exit Attachments

NanningBob's 4H Sellhigh BUYLOW

  • #21
  • Feb 28, 2010 10:27am Feb 28, 2010 10:27am
Quoting nanningbob
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....
So just to clarify, EA won't buy until price is between pink line and the bottom 1/3 line and won't sell until price is between the pink line and top 1/3 line. Right?
  • #22
  • Feb 28, 2010 3:00pm Feb 28, 2010 3:00pm
Quoting Toothman
So just to clarify, EA won't buy until price is between pink line and the bottom 1/3 line and won't sell until price is between the pink line and top 1/3 line. Right?
None of my EAs do that, thirds and fourths indicators are just that indicators. They give an area of turning them on but they are not programmed into any of the EAs I have. We are trying to get one to work in the 60x90 thread but so far nothing has worked.
  • #23
  • Feb 28, 2010 3:24pm Feb 28, 2010 3:24pm
Quoting vasi
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
They work on any time frame but were designed for the 4H chart. It depends on what you mean by repaint. Before an indicator makes a decision the candles must close first and then make the line. Some people think that if an indicator goes back and draws a line on a previous candle then that is a repaint. That is not an issue that is just how an indicator works. When this indicator draws a line based on the several indicators it is based on we are in turn around territory and we go with the new direction even though in some cases the present trend will continue a while longer. We know it wont last much longer however in the majority of cases. No indicator can predict the future but we know when certain conditions are met it is very likely. Here is the AUD/NZD screen. Notice the indicator gave six signals, that means conditions were met 6 times and the price turnaround actually took 6 days to happen. Price even went a bit higher but the indicator was still fairly accurate in its prediction that price was at the turn around spot. Even though it is not common spikes up still do happen after the indicator gives its signal. Indicators do not read the news. No indicator does but I like this one. So it gives the signal and the signal can repeat itself several times before a turnaround actually happens. With the spike control written into the EA any SL hit should be recovered fairly quickly.
Attached Image (click to enlarge)
Click to Enlarge Name: aud nzd.gif Size: 31 KB
  • #24
  • Feb 28, 2010 3:25pm Feb 28, 2010 3:25pm
Can you explain exactly what all the files are for in your first post? Thanks! This system looks like it could be really good!

EDIT: Nevermind, I notice now that the zip file contains instructions.
  • #25
  • Feb 28, 2010 3:35pm Feb 28, 2010 3:35pm
here is usd chf with a signal and its aftermath. The signal was valid at the time given and there was a downturn. But today it would not give that same signal. In other words signals are valid at the time given during the week they happen but they may not be a valid signal the next week or weeks after. This is a concept some traders cant grasp, they think if a week or two later they look back and say that signal was not valid but that is irrelevant. The signal is valid at the time given and almost always there is a change in direction but if you think an indicator can 100% predict the future I have some land in Southern FLorida to sell you. So the USD/CHF signal was valid at the time given even though you wont see the same lines there two weeks later. The indicator only gives signals for the most recent screen. The one showing on the screen at the time. The previous signals are removed at time goes on. You can go back in time on a screen and refresh it to see previous signals but the indicator will not leave them there as time goes on. It does take them off. That is not a repainting issue either.
Attached Image (click to enlarge)
Click to Enlarge Name: usd chf.gif Size: 30 KB
  • #26
  • Feb 28, 2010 3:43pm Feb 28, 2010 3:43pm
Here is the same USD CHF today. I put a white line where the purple lines used to be. The indicator will clean off previous lines because they are no longer needed and prevent your computer from clogging up with too much information. That is not a repaint issue either, the indicator did not change its mind it is just past the time of record. It is now waiting for the next time conditions are met to give its signal.
Attached Image (click to enlarge)
Click to Enlarge Name: usd chf 2.gif Size: 29 KB
  • #27
  • Feb 28, 2010 3:52pm Feb 28, 2010 3:52pm
Back to the aud/nzd trade that gave 6 signals. If you had turned on the EA after the first one you would have had 7 trades during that time. One would have hit the SL and the rest would have been profitable. However, because of the high spread on that pair the profits would have been very small but it gives a good example of what can happen when price stalls. Any currency with a low spread would have had several 15-25 pip profits.
Attached Image (click to enlarge)
Click to Enlarge Name: aud nzd 2.gif Size: 35 KB
  • #28
  • Feb 28, 2010 4:52pm Feb 28, 2010 4:52pm
Quoting nanningbob
Back to the aud/nzd trade that gave 6 signals. If you had turned on the EA after the first one you would have had 7 trades during that time. One would have hit the SL and the rest would have been profitable. However, because of the high spread on that pair the profits would have been very small but it gives a good example of what can happen when price stalls. Any currency with a low spread would have had several 15-25 pip profits.
Sir I have downloaded both templates n when i click it on my gbp/usd chart its all black blank with equity breakeven and total $ 0 shows!! Is something wrong? Its on 4 hr chart.
Bomi
Thanks.
I have indicators showing Buy .
  • #29
  • Feb 28, 2010 5:04pm Feb 28, 2010 5:04pm
Quoting nanningbob
Back to the aud/nzd trade that gave 6 signals. If you had turned on the EA after the first one you would have had 7 trades during that time. One would have hit the SL and the rest would have been profitable. However, because of the high spread on that pair the profits would have been very small but it gives a good example of what can happen when price stalls. Any currency with a low spread would have had several 15-25 pip profits.
I think that could be more useful, if this indicator have a sound alert.
Thank you for answer.
  • #30
  • Feb 28, 2010 5:08pm Feb 28, 2010 5:08pm
Quoting behman8850
Sir I have downloaded both templates n when i click it on my gbp/usd chart its all black blank with equity breakeven and total $ 0 shows!! Is something wrong? Its on 4 hr chart.
Bomi
Thanks.
I have indicators showing Buy .
You have the wrong template on or you are on the frist screen. That is the MPTM template and should be on the first pair. Change the template. I am off to work, be back in 4 hours. Canada beat the USA in hockey in OT. Congratulations on winning the gold medal. What a way to end the Olympics OT gold for the Canadians, a lifetime of memories to them.
  • #31
  • Feb 28, 2010 7:09pm Feb 28, 2010 7:09pm
Quoting vasi
I think that could be more useful, if this indicator have a sound alert.
Thank you for answer.
I trade the 4H CHART so it is just a matter of popping in every 4H. After the line it could be 4H to another day before it enters a trade. However, if you use it on a lower TF that may work also. SwingMan has chosen not to share the code so he would have to do it.
  • #32
  • Feb 28, 2010 8:00pm Feb 28, 2010 8:00pm
Hi Nanningbob,

Thanks once again for sharing your system, I'm looking forward to trying it.

For some reason I can't download your zip file; when i try i get attachemnt.php.

Any suggestions for how I may be able to download it?

Thanks once again,

Michael
  • #33
  • Feb 28, 2010 8:46pm Feb 28, 2010 8:46pm
Quoting PipMasterMik
Hi Nanningbob,

Thanks once again for sharing your system, I'm looking forward to trying it.

For some reason I can't download your zip file; when i try i get attachemnt.php.

Any suggestions for how I may be able to download it?

Thanks once again,

Michael
Try a different browser. I couldnt upload using FireFox so I ended up using IE for some and flock for another. Dont know why but there are periods of time when certain browsers dont work.
  • #34
  • Feb 28, 2010 10:03pm Feb 28, 2010 10:03pm
Thanks again Bob - Your systems have been great in the past...and this one has the makings of something excellent.
  • #35
  • Feb 28, 2010 10:20pm Feb 28, 2010 10:20pm
Quoting scottik187
Thanks again Bob - Your systems have been great in the past...and this one has the makings of something excellent.
Yes I think so, I need a body of testing to complete the system but it looks exciting to me. I hope by the end of the week all the different EAs and indicators will be tested and any problems brought up so we can fine tune it. I have been testing the 3 high/3 low as an EA for a couple of months but SwingMans indicator kind of brought the whole thing together into a workable system. It had a high win percentage on its own (around 70%) but I couldnt get it to make money until I tied it with his indicator and put in that limited area of entrance. Now we can tweak it and may really have something. It is kind of funny that range and counter trading I have been able to make money and get EAs to work but never a trend following EA. Strange world.
  • #36
  • Feb 28, 2010 10:21pm Feb 28, 2010 10:21pm
Quoting nanningbob
Try a different browser. I couldnt upload using FireFox so I ended up using IE for some and flock for another. Dont know why but there are periods of time when certain browsers dont work.
Thanks Nanningbob,
I saved it to my desktop as attachment.php and changed the file extension to a zip then it opens up perfectly.

Thanks again,

Michael
  • #37
  • Mar 1, 2010 12:00am Mar 1, 2010 12:00am
Hi Nanningbob,

Thanks for taking the time to post your system.

Can you just clarify when you stop taking trades , in the word doc you say the following.


a.You are now ready to follow the upcoming trend all the way until you get a new colored bar telling you to go the other way with your trades.



Do you mean a new vertical line showing a reverse signal ?


cheers
  • #38
  • Mar 1, 2010 12:39am Mar 1, 2010 12:39am
Are we waiting for the bar to close before making a trade decision?

Also what chart does that mmrp.tpl belong to. You memtioned earlier the '1st chart' should be blank because it's using the mmrp template. So are you saying the 1st chart (AUDCAD) is blank w/mmrp and all the rest of the charts start out as using the 4hr trend template

thx,
todd
  • #39
  • Mar 1, 2010 12:45am Mar 1, 2010 12:45am
Quoting nanningbob
Yes I think so, I need a body of testing to complete the system but it looks exciting to me. I hope by the end of the week all the different EAs and indicators will be tested and any problems brought up so we can fine tune it. I have been testing the 3 high/3 low as an EA for a couple of months but SwingMans indicator kind of brought the whole thing together into a workable system. It had a high win percentage on its own (around 70%) but I couldnt get it to make money until I tied it with his indicator and put in that limited area of entrance. Now...
thats cos trend trading is for followers(herd instincts) u neva noe how many more sheep are gona come n help u push prices in your direction. whereas counter trend traders are the leaders.

congratz on your new thread bob!
  • #40
  • Mar 1, 2010 1:56am Mar 1, 2010 1:56am
Quoting todd960960
Are we waiting for the bar to close before making a trade decision?

Also what chart does that mmrp.tpl belong to. You memtioned earlier the '1st chart' should be blank because it's using the mmrp template. So are you saying the 1st chart (AUDCAD) is blank w/mmrp and all the rest of the charts start out as using the 4hr trend template

thx,
todd
When you get a signal you will want to trade unless you have a reason not to. For example if a big news story has the market jumping all over the place you will want to wait until it settles first but the purpose of this system is to get you as near to the top or bottom as possible, so that is what we are looking for..

Any thing with .tpl is a template and belongs in the template folder. You want to put the MMRP template on any currency you are not trading so gbp/jpy or gbp/nzd or usd/mxn it doesnt make any difference which one you choose. The AUD/CAD is a currency I want to trade so I wouldnt put it on that pair. If you dont want to trade that pair you can. All currency you want to trade get the basic template.
0 traders viewing now