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Nanningbob 4H trading system

  • #1,221
  • Mar 28, 2010 6:29am Mar 28, 2010 6:29am
Quoting Toothman
I'm using the latest version you posted in post #1172. Max. trades set to 1 and I change the magic number once EA is on the chart when I want it to reenter on the next cross. It's too early to tell whether I like using the manager on the second level trades. So far it's kicked me out at BE+5 on the L2 trade where without the manager I would be have been out of the trade with both levels by now.
I can see where the MPTM would limit the high low system. Price retracing to a high would not be as frequent as returning to a 6x6 cross. Price reenters after a TP on the 6x6 but it would have to go above the high/low again on the high/low system.
  • #1,222
  • Mar 28, 2010 10:11am Mar 28, 2010 10:11am
After being down with no modem for 48 hours. I am up again. Great Friday trading though and a great week. Couple more days left in the month and looking great. Eur/Cad came in strong for me with + 138 but also had 3 or my 5 plus 10 for a 168 total on the day. Dang.
TAKE PROFITS
MPTM 5 at +10 = +50
eur/aud, +78
eur/cad, +138
EUR/NZD, 3rd level +112
eur/usd 2nd level +50
CLOSED FOR LOSS

OPEN TRADES
Aud/jpy -114 missed the 2nd level trade.
CHF/JPY -169 waiting for cross for 2nd level
EUR/NZD, -159 2L +39
eur/usd -54
gbp/usd +10
nzd/chf +40
 nzd/jpy not entered
usd/jpy not entered
TOTALS
total for day +428
for the week +523
for the month +1491
Carry over -407
primary trades
BUYS gbp/chf, aud/nzd

SELLS gbp/jpy, eur/jpy
Secondary trades
BUYS
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 matc hes 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 for a slow mover like that.[/quote][/quote]
  • #1,223
  • Mar 28, 2010 12:36pm Mar 28, 2010 12:36pm
wow Bob! fantastic results as always!
  • #1,224
  • Mar 29, 2010 6:26pm Mar 29, 2010 6:26pm
Another good day. The gaps hit in my favor so took my profit and ran. I like how my month is ending up.
TAKE PROFITS
MPTM 6 at +10 = +60
aud/cad +33
aud/nzd +41
EUR/NZD, -95 2L +104
eur/usd +50
gbp/chf, +35
gbp/jpy,+20
gbp/usd +64
nzd/chf +68
CLOSED FOR LOSS

OPEN TRADES
Aud/jpy -233 2nd -20
CHF/JPY -197 waiting for cross for 2nd level
eur/jpy -36
 nzd/jpy -60
usd/jpy - 9
TOTALS
total for day +380
for the week +903
for the month +1871
Carry over -555
primary trades
BUYS NO NEW SETUPS TODAY.

SELLS
Secondary trades
BUYS
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 matc hes 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 for a slow mover like that.[/quote][/quote][/quote]
  • #1,225
  • Mar 29, 2010 8:45pm Mar 29, 2010 8:45pm
You're pretty slick. Really nice month considering how it started. I'm currently at +1212 since the 12 of the month with about the same DD as you. I'm thinking of going to a BE +10 setting. How far are you letting trades go before your BE+10 kicks in? I've been letting trades get +20 before BE +5 kicks in.
  • #1,226
  • Mar 29, 2010 8:57pm Mar 29, 2010 8:57pm
Quoting Toothman
You're pretty slick. Really nice month considering how it started. I'm currently at +1212 since the 12 of the month with about the same DD as you. I'm thinking of going to a BE +10 setting. How far are you letting trades go before your BE+10 kicks in? I've been letting trades get +20 before BE +5 kicks in.

I have used two different setting +15 for +5 and +20 for +10. It is hard to tell which one is better but either way picking up those extra 40-70 pips every day is great. Kind of like a scalping kicker. It used to be we sometimes waited days for price to move to get a profit but now almost every day we get something. It is nice to see sometimes I have gotten 2 or 3 +10 on a currency before it goes into DD like -70 so it helps cover some of the DD. Next week I may set up 2 demos and compare +5 with +10 and try to do identical trades. See which way pickes up more. I have also added a jump of +30 and it moves profit another 10 pips. So far it has not been hit.
  • #1,227
  • Mar 29, 2010 9:01pm Mar 29, 2010 9:01pm
Quoting Toothman
You're pretty slick. Really nice month considering how it started. I'm currently at +1212 since the 12 of the month with about the same DD as you. I'm thinking of going to a BE +10 setting. How far are you letting trades go before your BE+10 kicks in? I've been letting trades get +20 before BE +5 kicks in.
One of the things missing from every trading course and thread I have seen is showing people what to do when you get into trouble. Being open and honest about my trading both good and bad I think is more helpful than anything. I wish someone had taken the time to show me how to get out of trouble instead of just winning trades. I lost a lot of money learning how to deal with bad trades but now I think I am pretty good at getting out of trouble.
  • #1,228
  • Mar 29, 2010 11:50pm Mar 29, 2010 11:50pm
Another good day. The gaps hit in my favor so took my profit and ran. I like how my month is ending up.
TAKE PROFITS
MPTM 6 at +10 = +60
aud/cad +33
aud/nzd +41
EUR/NZD, -95 2L +104
eur/usd +50
gbp/chf, +35
gbp/jpy,+20
gbp/usd +64
nzd/chf +68
CLOSED FOR LOSS

OPEN TRADES
Aud/jpy -233 2nd -20
CHF/JPY -197 waiting for cross for 2nd level
eur/jpy -36
 nzd/jpy -60
usd/jpy - 9
TOTALS
total for day +380
for the week +903
for the month +1871
Carry over -555
primary trades
BUYS NO NEW SETUPS TODAY.

SELLS
Secondary trades
BUYS
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 matc hes 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 for a slow mover like that.[/quote][/quote][/quote]
  • #1,229
  • Mar 30, 2010 3:05am Mar 30, 2010 3:05am

  • #1,230
  • Mar 30, 2010 7:03pm Mar 30, 2010 7:03pm
Well, I did like how the month was ending. Nothing like Forex moving in one direction again. Hello real world, its jpy time to trend. MPTM is doing a great job for me. What a great trading invention. Everything but the USD and GBP today. GO EURO, JPY, CHF, NZD and AUD. I have given up trading the eur/chf. Can any currency move any less than that pair? I added the gbp/jpy yesterday during the day. It hit my MPTM 4 times plus took a Jump profit too. Interesting
TAKE PROFITS
MPTM 14 at +10 = +140
gbp/jpy +30
CLOSED FOR LOSS

OPEN TRADES
Aud/jpy -313 2nd -102
CHF/JPY -217 2L -48
eur/jpy -56
gbp/jpy -197 2nd L 0
 nzd/jpy -106
usd/jpy - 67
TOTALS
total for day +170
for the week +1073
for the month +2041
Carry over -909
primary trades
BUYS

SELLS aud/cad, gbp/jpy, gbp/chf (maybe tempting??)
Secondary trades
BUYS eur/aud, eur/gbp
SELLS aud/usd, nzd/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 matc hes 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 for a slow mover like that.
  • #1,231
  • Mar 30, 2010 7:07pm Mar 30, 2010 7:07pm
Broke the 2000 pip barrier for the month. Havent done that in a while. Man what a month started off in disaster mode and then this last week over a 1000 pips so far. I believe in my system, it works over the long run.
  • #1,232
  • Mar 30, 2010 10:11pm Mar 30, 2010 10:11pm
Quoting nanningbob
Broke the 2000 pip barrier for the month. Havent done that in a while. Man what a month started off in disaster mode and then this last week over a 1000 pips so far. I believe in my system, it works over the long run.
I should look into this seriously now. One more addition to the arsenal!
Thanks.
"Put all your efforts in becoming effortless"
  • #1,233
  • Edited 5:51pm Mar 31, 2010 5:34pm | Edited 5:51pm
Great Day, Bad Day, Great Day, Bad Day, welcome to Forex folks. Best week in a long time but going into the new month again carrying a bigger than desired DD. OK jpy time to retrace.
TAKE PROFITS
MPTM 13 at +10 = +130
aud/cad +43
aud/usd +34
eur/aud +70
gbp/chf +94
gbp/jpy,+62
nzd/chf +101
CLOSED FOR LOSS

OPEN TRADES

SELLS
Aud/jpy -318 2nd -104 3rdL 0
CHF/JPY -362 2L -192 3L +5
eur/gbp -58
eur/jpy -196 2ndL -142 3rdL 0 (these are too close together)
gbp/jpy -362 2nd L -148 3rdL -17
 nzd/jpy -106
usd/jpy - 120 2ndL -58 (these are too close together)
TOTALS
total for day +534
for the week +1607
for the month +2575
Carry over -2178
primary trades
BUYS usd/chf

SELLS
Secondary trades
BUYS
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 matc hes 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 for a slow mover like that.[/quote]
  • #1,234
  • Mar 31, 2010 5:43pm Mar 31, 2010 5:43pm
March started out as my worse month taking two weeks to overcome the big hit on the first day. Then things really began to swing and by the end I had my 2nd best month ever. WOW, YIPPEEE. HURRAH. I have already gotten more pips in the first 3 month this year than the last 5 months of last year. That is 8 months of running a proft. Now we hope that the jpy will retrace and April doesnt start out like March. SHEESH.

2009 total pips +5597 p. 57 post 8412
I guess I can be happy with that.
2010 trades total pips by month
 January 2010 for the month +1757 pg. 65 #963
February 2010 1595 pips pg. 77 post 1146
March 2010 +2575 pips pg 83 post 1233 my 2nd best month ever.
2010 total +5927
  • #1,235
  • Edited Apr 1, 2010 1:17am Mar 31, 2010 5:49pm | Edited Apr 1, 2010 1:17am
Ok here we go, it is 65 for and 60 against my method. In 8 months I have posted my trades every day for all the world to see. Lets see ............. hmmmmmmmm .............. that is a total of ............. +11,527 pips and only 1 losing month. I bet those 60 guys will buy someones high price method but they dont think one you can follow for free is worth it. Dont you just love the average Forex trader.
  • #1,236
  • Mar 31, 2010 6:04pm Mar 31, 2010 6:04pm
Just to show you how well the MPTM is working. I am deep into the gbp/jpy however, it has hit my +10 5 times for +50, one jump for +20 and I took one TP for +62 for a total of +132 so far. Once I get my retracement I expect an easy break even or even a nice profit on the total trade sequence. Amazing how this system is working. Love it. Just for the math. I am 527 total pips down right now. If price retraces 150 pips that is 450 on 3 levels leaving me 77 pips in the hole. However, I slightly increase the lot size on each level so I actually need less than that to break even. With 132 in the bank already I even need less to break even. I do expect to make a profit overall on this trade but if price continues to go against me I will use my 2.4.2 recovery system and recover another way.
  • #1,237
  • Apr 1, 2010 6:45pm Apr 1, 2010 6:45pm
Internet was down all day, I am writing from work. There are no TP or MPTM because of that. SO a big fat 0. Someone please shoot the JPY investors. took my 2.4.2 loss on the 1st level gbp/jpy. Looks like March all over again.
TAKE PROFITS
MPTM 0 at +10 = 0

CLOSED FOR LOSS
gbp/jpy -524
OPEN TRADES

SELLS
Aud/jpy -394 2nd -181 3rdL -58
CHF/JPY -387 2L -219 3L -20
eur/gbp -59
eur/jpy -318 2ndL -243 3rdL -128 (these are too close together)
gbp/jpy 2nd L -310 3rdL -179 4th 0
nzd/jpy -140 2nd L 0
usd/chf +12
usd/jpy - 154 2ndL -92(these are too close together)
TOTALS
total for day -524
for the week -524
for the month -524
Carry over -2883
primary trades
BUYS

SELLS
Secondary trades
BUYS
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 matc hes 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 for a slow mover like that.[/quote][/quote]
  • #1,238
  • Apr 1, 2010 10:11pm Apr 1, 2010 10:11pm
Hi Bob --

I do like H4 trading and appreciate the good logic of exceeding and re-entering the MA 40 outer Bol. band.

Do I have it correctly that you (the EA I suppose) enter as the white line (the quicker Sto) crosses? Is the entry at the crossing point . . . or close of bar (I'm guessing not)? Just trying to figure out exactly when entry is specified.

Also trying to make my peace with the 2.4.2, not that I doubt it works, but my discomfort with such large (temporary) negatives. That's totally my problem.

Still, I am surprised you need to go the the 2.4.2 too often. Perhaps over your months of trading you really haven't.

If you get tired of praise, well, time to move on because like so many before me I thank you for your astonishing efforts on your forums with their voluminous detail and careful working out of things.

I guess I am at a loss with you on why your poll has some low rankings. As you say, that must have never really tested the system. Guess they plan to keep losing.

Take care in Nanning. I hope all is well for you.

Forest
  • #1,239
  • Apr 2, 2010 2:01am Apr 2, 2010 2:01am
Quoting Forest-Sea
Hi Bob --

I do like H4 trading and appreciate the good logic of exceeding and re-entering the MA 40 outer Bol. band.

Do I have it correctly that you (the EA I suppose) enter as the white line (the quicker Sto) crosses? Is the entry at the crossing point . . . or close of bar (I'm guessing not)? Just trying to figure out exactly when entry is specified.

Also trying to make my peace with the 2.4.2, not that I doubt it works, but my discomfort with such large (temporary) negatives. That's totally my problem.

Still, I am surprised you need...
I am not quite sure which EA you are referring too. Even though we used BB bands at the beginning we have switched to dividing the screens into thirds now. DD seems to be something I cant avoid unless you use stop losses. Basically my stop loss is after it crosses 400 deep. I seldom have to use it maybe once or twice a month, I think I had one month with 3. The other side is I keep making these profits almost every day. THe problem is I dont know which currency will trend like crazy and usually every month one will. This time it is the JPY last time it was the GBP. Before that I think it was the EURO. If I could ever figure out which currency was going to do that every month it would be a perfect world for me. Despite all of that the DD prevents me from overextending myself with too large of lot size and now I dont wipe out accounts like I did years ago. So it has been a good lesson for me. Thanks for the compliment, I only publish what I have learned and I have never been able to keep my profits trend trading. To much whiplash and to many stop losses. At least this way, as you can see over the months, I have been able to be profitable. Good luck and I hope I have helped you.
  • #1,240
  • Apr 3, 2010 1:08am Apr 3, 2010 1:08am
OK I have replaced my wires, splitters, modem, wireless, updated Windows 7, ............. maybe this week I can keep my connection to the internet. Without it the mptm does not work. Sooooo ......... Largest DD I have ever carried. Will have to decide monday on 1st level aud/jpy and chf/jpy. The one problem I am facing now is other currenices are not in trading position to help produce gains to offset my DD. A couple of gbp trades but they dont look strong right now. This one could be interesting getting out of. UgHHHHH.
TAKE PROFITS
MPTM 0 at +10 = 0
gbp/usd +42
usd/chf +97
CLOSED FOR LOSS

OPEN TRADES

SELLS
Aud/jpy -449 2nd -236 3rdL -118
CHF/JPY -395 2L -226 3L -29
eur/gbp -70
eur/jpy -326 2ndL -251 3rdL -137
gbp/jpy 2nd L -339 3rdL -208 4th -36
gbp/usd -22
nzd/jpy -175 2nd L -37
usd/jpy -225 2ndL -163 3rdL +7
TOTALS
total for day +139
for the week -385
for the month -385
Carry over -3435
primary trades
BUYS

SELLS gbp/chf
Secondary trades
BUYS
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 matc hes 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 for a slow mover like that.[/quote][/quote][/quote]
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