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Nanningbob 4H trading system

  • #1,341
  • Apr 19, 2010 5:59pm Apr 19, 2010 5:59pm
It is now 69-62 on my poll. Slowly over time those that believe it works are beginning to overcome those who dont. The system is meeting the highest criteria. The test of time. I hope to publish a one book, one clear cut system this weekend incorporating the newest improvements. I get a lot of PMs and emails of guys who are getting confused over the multiple systems or changes in the systems.
  • #1,342
  • Apr 19, 2010 6:02pm Apr 19, 2010 6:02pm
Your #1337 to me is really a great answer.

In too soon . . . better chance of a runner. Big DD. Of course.

I do need to become more comfortable with the 2.4.2.

Take care.
  • #1,343
  • Edited 3:58am Apr 20, 2010 3:26am | Edited 3:58am
Quoting nanningbob
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.
Til now, I've traded with 3x3 cross enter signal. By looking back at the difference it would make if using 6x6, we would enter 10 or 20 pips later but safer! I'll test this on my future trades.

This noise on 3x3 made me enter long (also good S line) last week just before the CAD/JPY & USD/JPY Goldman Sachs drop.
I then reentered with a good entry yesterday to finally BE +7 pips! Nice NanningBob multi level trade exercice by the way.

But this made me thinking... If I did put a stoploss just under the first trade swing low, and reentered just like I did with the new entry, I would be at +50 instead of + 7, and I wouldn't have been with a -300 scary DD. Just trying to figure out what's best in the long run.

So you recommend not using 3x3 anymore? Can't wait for your future updates with all the new indi's and rules! Thanks again Bob!



Open trades:
EURJPY: buy +116
NZDCAD: sell +6

In the crosshair:
AUDCAD short
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 16 april cadjpy nb.gif Size: 29 KB
Click to Enlarge Name: 20 april cadjpy nb.gif Size: 28 KB
  • #1,344
  • Apr 20, 2010 9:28am Apr 20, 2010 9:28am
Quoting nanningbob
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.
[list][*]We use a MA cross so that we wait...
Hello Bob
I can not find the 2.4.2. recovery system.
Could you tell me where I can take?
Also: you could do for us in Europe we do not have problems of hedge, an automatic version that face both sell and buy that which takes into account three things listed?
thanks for everything you do.
Romano
  • #1,345
  • Apr 20, 2010 4:26pm Apr 20, 2010 4:26pm
To hedge with EAs you must have two screens per currency. One screen runs a buy EA and one screen runs a sell EA and each EA must have a different magic number. I had a hedge trading system in Trading the AUD/NZD successfully thread. I stopped using it when IBFX made the spreads so wide it no longer worked well. You can download the EAs there and adjust them to what you want. I had tried hedging EAs on many different currencies pairs but I never reall could get it to work over a long period of time on any other currency pair. Maybe you have some better ideas than what I had. It was sad because that was the most profitable system I had ever produced though.
  • #1,346
  • Apr 20, 2010 4:51pm Apr 20, 2010 4:51pm
Well hooray for the CAD, interesting day with no change in the interest rate. Produced some nice moves. Ok today playing the AUD and CHF off of gold lines and previous primary trades from several weeks ago. Good secondary trade set ups. Since price action moved big only one +10 today. Heading for the Magic 3000 mark for the month. May make it. Dang good month.
TAKE PROFITS
MPTM 1 at +10 = +10
aud/cad +50 +50 +50 The MPTM moved my SL up evey 20 points and it hit it 3 times during the day at +50
eur/cad +197 total from 3 seperate trades
usd/cad +174 total from 3 seperate trades
CLOSED FOR LOSS

OPEN TRADES


TOTALS
total for day +531
for the week +688
for the month +2789
Carry over 0
primary trades
BUYS

SELLS
Secondary trades
BUYS eur/gbp
SELLS aud/chf, aud/jpy, aud/usd, gbp/chf, nzd/chf, nzd/jpy, usd/chf (playing the double top manually at the R line)

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]
  • #1,347
  • Apr 20, 2010 5:02pm Apr 20, 2010 5:02pm
2.4.2 recovery system is found on page 23 and 24 of my book 2nd edition. Page 1 post 1

Also, go to my other thread 60x90 system page 1 post 1. Follow the directions from numbers 11, 20 and 21. I give examples and more notes.

http://www.forexfactory.com/showthread.php?t=150293
  • #1,348
  • Apr 21, 2010 12:08am Apr 21, 2010 12:08am
Hi Bob

I've got two questions concerning the EA's:

1. What do I have to change in the EA so it can enter with 6 digit pairs?

2. What do I have to change in the EA so it can enter with a 6x6 crossing instead of 3x3.

Thanks! And have a happy trading day...
  • #1,349
  • Apr 21, 2010 1:48am Apr 21, 2010 1:48am
Quoting roachroach
Hi Bob

I've got two questions concerning the EA's:

1. What do I have to change in the EA so it can enter with 6 digit pairs?

2. What do I have to change in the EA so it can enter with a 6x6 crossing instead of 3x3.

Thanks! And have a happy trading day...
There are 4 digit brokers and 5 digit brokers. One of those EAs will work with them. Use the 4 digit EA.

4D 6x6 is found posted March 14 and the sixths indicator is found posted on April 6th
  • #1,350
  • Apr 21, 2010 2:00am Apr 21, 2010 2:00am
Quoting nanningbob
There are 4 digit brokers and 5 digit brokers. One of those EAs will work with them. Use the 4 digit EA.

4D 6x6 is found posted March 14 and the sixths indicator is found posted on April 6th
Thanks for your reply. I guess I'll trade manually or use pending orders with 6 digits pairs @ fxpro (GBPCHF: 1.64492, EURGBP: 0.87105, AUDUSD: 0.93230, GBPUSD: 1.54149.... etc...)
  • #1,351
  • Apr 21, 2010 2:27am Apr 21, 2010 2:27am
Hi Bob,

I am just joing this thread and wondered where I can get your latest indies, tutorials and methodology behind your system so that i dont get
nailed using old stuff. hope you dont mind the question. thanks!
  • #1,352
  • Apr 21, 2010 2:31am Apr 21, 2010 2:31am
Bob, btw, I have an office down in Romania where we are now starting a trading school to teach disadvantaged and disabled people to trade the forex market. We provide them with small micro accounts once they do all the tutorials etc, so, after scouting the internet extensively I am most impressed with the potential of your system to provide trainees with a solid background to trade profitably in the long run.
  • #1,353
  • Apr 21, 2010 2:44am Apr 21, 2010 2:44am
Quoting sensei
Hi Bob,

I am just joing this thread and wondered where I can get your latest indies, tutorials and methodology behind your system so that i dont get
nailed using old stuff. hope you dont mind the question. thanks!
Hi,

Bob said he was working on a new package V.3 for his system. It should come soon...
  • #1,354
  • Apr 21, 2010 3:06am Apr 21, 2010 3:06am
okeedokee, thanks roach...
  • #1,355
  • Apr 21, 2010 3:16am Apr 21, 2010 3:16am
did Bob give any indication of how long he might take to produce v3?
  • #1,356
  • Apr 21, 2010 3:17am Apr 21, 2010 3:17am
hey, guten tag Xaron....
  • #1,357
  • Apr 21, 2010 4:48am Apr 21, 2010 4:48am
I have my annual parent's meeting Friday night and then hope to finish the rewrite this weekend. Goal is to have it ready before Monday.
  • #1,358
  • Apr 21, 2010 5:38am Apr 21, 2010 5:38am
Quoting sensei
hey, guten tag Xaron....
lol. Grüß Dich!

Might be a stupid question but what does this "MPTM" mean?
  • #1,359
  • Apr 21, 2010 5:51am Apr 21, 2010 5:51am
It's Multi Purpose Trade Manager by Steve Hopwood
http://www.forexfactory.com/showthread.php?t=89371
  • #1,360
  • Apr 21, 2010 6:23am Apr 21, 2010 6:23am
Got it thanks. What I still don't understand is how do you handle those reentries (in case of a +10 BE stop using that trade manager)? When does the EA enters the trade again if you were stopped out at BE? With the next 6x6 cross?
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