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Nanningbob 4H trading system

  • #1,321
  • Apr 15, 2010 1:27am Apr 15, 2010 1:27am
Quoting roachroach
At last markets are moving!
Been trading Bobs sytem for only 2 days and I'm already + 417 pips. No losses (yet! )
Beginner's luck? Maybe. We'll see in a few weeks...
Great job Bob.
Dont worry you will get some, they are unavoidable no matter what system you trade. What I always try to do is not close out losing trades until I have the profits to close them out. I may close out an individual trade for a loss, around 4-500 pips (this happens 1-3 times a month) but the whole series or multiple level ones I like to have the profits in the bank or on the board first. Takes time to learn that and wait out. Nice run so far today. I have closed about half of my profits and will let the rest run.
  • #1,322
  • Edited 8:28am Apr 15, 2010 5:49am | Edited 8:28am
HI BOB

I have been trading 4hr system live with a dedicated account since 16th MARCH. Although I made a lot of mistakes, was off sick for 10 days and not trading the system properly, plus the fact that I am still not used to the 4H time frame (hence closing some trades in -ve prematurely, etc), I still managed to make a healthy 21% profit. please see attached report in xls format.

Online surveys mean nothing real trading data is what counts, it is here for all to see. You have been posting your trades on a daily basis but it seems some people are still not sure of this system. The fact that it requires some work and very little thinking on the traders part maybe putting some people off.

Kind Regards

P.S. One way of finding out how good the system is to replicate your trades in a demo account and see for themselves.
Attached File(s)
File Type: xls nanningbob 4 hr 16th March to 15 April 2010.xls   76 KB | 323 downloads
  • #1,323
  • Apr 15, 2010 8:20am Apr 15, 2010 8:20am
Quoting astral77
HI BOB

I have been trading 4hr system live with a dedicated account since 16th MARCH. Although I made a lot of mistakes was off sick for 10 days and not trading the system properly and the fact that still not used to the 4H time frame (hence closing some trades in -ve prematurely), I still managed to make a healthy 21% profit. please see attached report in xls format.

Online surveys mean nothing real trading data is what counts, it is here for all to see. You have been posting your trades on a daily basis but it seems some people are still not...
Hey that is really great. I am happy to see others succeed. Good luck.
  • #1,324
  • Apr 15, 2010 3:51pm Apr 15, 2010 3:51pm
Good day. The day was looking like it was going to be a monster day then prices screeched to a halt and moved back to where they were. Got some nice profits though and hope they do again today.
TAKE PROFITS
MPTM 17 at +10 = +170
aud/jpy +65
chf/jpy, +36
eur/jpy -35 +97 had 4 mptm on this one yesterday also.
usd/chf +51
CLOSED FOR LOSS
nzd/jpy, -33 +20 had 2 mptm so really made a profit
OPEN TRADES
aud/jpy -23
aud/usd -10
eur/jpy -37
eur/usd -102
gbp/jpy, -58 had 3 mptm yesterday
gbp/usd -315 2L -99 3L 0
nzd/jpy +4

TOTALS
total for day +371
for the week +647
for the month +1564
Carry over -640
primary trades
BUYS

SELLS
Secondary trades
BUYS eur/gbp
SELLS gbp/nzd,

gbp/chf (doesnt meet the rules but I like the 6x6 cross possiblility on Friday. ) aud/nzd aud/chf (samereason) I am reading the other charts on these pairs and it looks like the gbp and aud could move today. If price does not move or keeps in the same direction, the EA will keep me out. But if they do move

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.
  • #1,325
  • Apr 15, 2010 11:54pm Apr 15, 2010 11:54pm
Hey,
Some nice set ups building up with yen pairs especially this one: USD/JPY, Turning on EA buy template soon.
I'm only trading primary setups for now, but once I get used to it I'll try to follow your secondary setups, Bob, with S/R and stuff.
465 pips in 3 days, looking good, If this goes on, I'll go live in a few weeks.

Would an alert informing us W/B/R lines are in OS or OB zone be easy to build? Or another alerting that price is crossing an extreme sixth line?
Thanks Bob,

Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: 16 april usdjpy nb.gif Size: 27 KB
  • #1,326
  • Apr 16, 2010 11:22pm Apr 16, 2010 11:22pm
This was a how stupid can I get day. I decided after some nice moves and prices retracing just to close trades and quit early. Dang did I give up a lot of profit. JPY collapsed all over the place late in the trading day but I was out of most of the trades by then. I said to myself, "self you made 500 pips today, take a break so I did and then .................... Oh well, stlll made some nice pips though. Mly account is up 18% for the month and I just passed the 2000 pip barrier. Not bad for starting with a 3000 pip DD.
TAKE PROFITS
MPTM 15 at +10 = +150
aud/nzd (took 1 +10 then turned it off.)
aud/jpy +46 +85 closed 1st level then opened a 2nd L later.
aud/usd +10 (took 1 +10 MPTM then turned it off.)
eur/jpy +10 (took 1 +10 MPTM then turned it off.)
eur/usd +10 (took 1 +10 MPTM then turned it off.)
eur/gbp +10 (took 1 +10 MPTM then turned it off.)
gbp/jpy +100
gbp/nzd +70
gbp/usd +26
nzd/jpy +48
gbp/usd 3L +26
CLOSED FOR LOSS
aud/chf -14 (Lost paitience with this one, could have had 30+ otherwise)
OPEN TRADES
gbp/jpy, -58 had 3 mptm yesterday
gbp/nzd -114
gbp/chf not entered took off the list
gbp/usd -245 2L -27


TOTALS
total for day +537
for the week +1184
for the month +2101
Carry over -444
primary trades
BUYS usd/jpy

SELLS
Secondary trades
BUYS
SELLS aud/cad



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]
  • #1,327
  • Apr 16, 2010 11:53pm Apr 16, 2010 11:53pm
Quoting nanningbob
This was a how stupid can I get day. I decided after some nice moves and prices retracing just to close trades and quit early. Dang did I give up a lot of profit. JPY collapsed all over the place late in the trading day but I was out of most of the trades by then. I said to myself, "self you made 500 pips today, take a break so I did and then .................... Oh well, stlll made some nice pips though. [size=3][font=Times New Roman][color=black]Mly account is up 18% for the month and I just passed the 2000 pip barrier. Not bad for starting with...
[/quote]




What a month so far!!!!!
  • #1,328
  • Edited 2:06am Apr 17, 2010 1:18am | Edited 2:06am
Quoting nanningbob
JPY collapsed all over the place late in the trading day but I was out of most of the trades by then.
Well my EA went long just before the yen drop!
This will be a good opportunity to test your multi level recovery method. I'll be dealing with it manually.
On CAD/JPY, I'm down -186 pips, reentered at the bottom of the drop, and now my second level is at + 23. I just hope these 2 will meet at least to B/E. I'm pretty confident (If this drop's only concerning Goldman...)


Oh yes, another question... My broker is fxpro, and he uses, depending on pairs, different digits display:
cadjpy: 90.91
usdjpy: 92.112
eurusd: 1.34845

How do I manage your EAs with this?
  • #1,329
  • Apr 17, 2010 2:36am Apr 17, 2010 2:36am
Your broker is a 5 Digit broker so use the 5 digit EAs. When you trade during the day remember in day trading price usually follows the direction it is going. In other words once price goes north it will stay north for the day. If it is going south it will stay south for the day. Stay out of the middle of the chart and trade the edges. Catch the rebounds on the news the next day and dont try to anticipate a mid day of correction. Here is a pic of one day candles. Notice the bodies are usually full meaning price goes one way and stays one way for the day.
Attached Image (click to enlarge)
Click to Enlarge Name: day chart.gif Size: 11 KB
  • #1,330
  • Apr 17, 2010 3:19am Apr 17, 2010 3:19am
Quoting nanningbob
Your broker is a 5 Digit broker so use the 5 digit EAs. When you trade during the day remember in day trading price usually follows the direction it is going. In other words once price goes north it will stay north for the day. If it is going south it will stay south for the day. Stay out of the middle of the chart and trade the edges. Catch the rebounds on the news the next day and dont try to anticipate a mid day of correction. Here is a pic of one day candles. Notice the bodies are usually full meaning price goes one way and stays one way for...
The 5D EA entered the trade with USDJPY (5digit) but not CADJPY (4digit). Any advice?
  • #1,331
  • Apr 17, 2010 4:37am Apr 17, 2010 4:37am
Quoting roachroach
The 5D EA entered the trade with USDJPY (5digit) but not CADJPY (4digit). Any advice?
You can try the 4digit EA. Never heard of a broker using different digits though. Interesting!!!
  • #1,332
  • Apr 18, 2010 3:58pm Apr 18, 2010 3:58pm
Great gaps today, bagged the profits, report later.
  • #1,333
  • Apr 18, 2010 5:53pm Apr 18, 2010 5:53pm
Just to let you guys know that I will pull all my EAs and systems off of page 1 this week. I will only put the most recent version there, my 6x6 method. Too many people are confused and are using systems I no longer use. The purpose of this thread was to come up with a 4H trading system that anyone could use profitably. I will post that one system. So if you wish to have any of the older systems download them this week because I am going to delete them. I no longer wish to answer questions about them.
  • #1,334
  • Apr 18, 2010 11:17pm Apr 18, 2010 11:17pm
Glad to hear that bob
I've spent the whole weekend trying to figure out your new system just by reading the most recent posts!

I won't post my current frankenstein setup here, as I don't want to confuse anyone else! I might discuss with you privately by PM.. when are the updated instructions coming up?

Thanks for your time, Bob.

Quoting nanningbob
Just to let you guys know that I will pull all my EAs and systems off of page 1 this week. I will only put the most recent version there, my 6x6 method. Too many people are confused and are using systems I no longer use. The purpose of this thread was to come up with a 4H trading system that anyone could use profitably. I will post that one system. So if you wish to have any of the older systems download them this week because I am going to delete them. I no longer wish to answer questions about them.
  • #1,335
  • Apr 19, 2010 3:07am Apr 19, 2010 3:07am
Quoting nanningbob
Just to let you guys know that I will pull all my EAs and systems off of page 1 this week. I will only put the most recent version there, my 6x6 method. Too many people are confused and are using systems I no longer use. The purpose of this thread was to come up with a 4H trading system that anyone could use profitably. I will post that one system. So if you wish to have any of the older systems download them this week because I am going to delete them. I no longer wish to answer questions about them.
Thanks! I was getting totally lost in this long thread...

Excellent work, Bob.
  • #1,336
  • Edited 10:05am Apr 19, 2010 9:42am | Edited 10:05am
Hi Bob --

I'm working on the NY session while you are (probably) at rest in Nanning.

I am checking making earlier entries on H4 by dropping down to H1 for the 6x6. What I look for is price action beyond the top/bottom 1/6th line (gold) and some movement in the 'right' direction for the Sto. Obviously, I am still trading manually.

Does this seem excessively risky to you? Of course, it will lead to more mistakes, BUT, seems on net to earn more total pips.

But, I don't trust myself nearly as much as you. Ever look at this?

By the way, thank you for your comments back to me on acquiring language in Nanning last week. The tonal quality of the Chinese family of languages and dialects does seem daunting. I enjoy linguistics, but this is pretty tough.

By the way, years back at Dartmouth, the Chinese professor (that is a Chinese-heritage professor of Chinese language) told me that learning to speak the language 'wasn't too hard.' Symbols, of course, are another matter. Maybe, but Mandarin or Cantonese won't be confused with the (relative) ease of learning a Romance language, either. I admire whatever progress you have made.

Hope you can field an opinion on my H1 entry question.

Thanks.
  • #1,337
  • Apr 19, 2010 3:49pm Apr 19, 2010 3:49pm
Quoting Forest-Sea
Hi Bob --

I'm working on the NY session while you are (probably) at rest in Nanning.
[font=Fixedsys]
I am checking making earlier entries on H4 by dropping down to H1 for the 6x6....
If you are above the Red lines you are in safer territory. The MA cross serves one major purpose. It increases your odds that when you enter, price is really going to change in that direction. BUT that does not always happen, sometimes it crosses and then continues on its trend and we have a negative trade. Then we get our infamous runner. All currencies during the year will have a run and go off the chart. We do three things to combat that.

 

  1. We use a MA cross so that we wait patiently for price direction to change.
  2. We wait until price is at an extreme before we try to counter trend the trade.
  3. We use the 2.4.2 recovery system to zero out the runner trade and multi level the trade.

We had used a 3x3 cross and got into trades earlier but we also got involved in more runners. I think the 6x6 has helped us in getting out of those trades better. Anyway that is why we dont try to get in too early. You are countertrend trading and you must wait for that counter or you will be becoming a great expert in the 2.4.2 recovery system.

  • #1,338
  • Apr 19, 2010 4:08pm Apr 19, 2010 4:08pm
Love those gaps when they go in my direction. Great day. All DD is gone for now. I cant remember the last time I had an all Cad. I dont think I have ever had a an all Cad day. I hate the CAD. Dang it better not screw me this time.
TAKE PROFITS
MPTM 2 at +10 = +20
aud/cad +30
gbp/jpy, +102
gbp/nzd +62
usd/jpy +21
CLOSED FOR LOSS
gbp/usd -151 2L +73
OPEN TRADES
aud/cad -8 entered manually near R line.

TOTALS
total for day +157
for the week +157
for the month +2258
Carry over -8
primary trades
BUYS

SELLS usd/cad
Secondary trades
BUYS
SELLS aud/cad eur/cad

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]
  • #1,339
  • Apr 19, 2010 5:39pm Apr 19, 2010 5:39pm
Great month so far Bob. I'd like to see you crack the 3000 pip mark. Looks like you have a real good shot at it.
  • #1,340
  • Apr 19, 2010 5:53pm Apr 19, 2010 5:53pm
Quoting Toothman
Great month so far Bob. I'd like to see you crack the 3000 pip mark. Looks like you have a real good shot at it.
You know I have never done that. It would be funny to crack the 3000 pip mark for the first time in a month I had my biggest DD. That would be wild, my worst and best in the same month.
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