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Nanningbob 4H trading system

  • #1,421
  • Apr 26, 2010 5:39pm Apr 26, 2010 5:39pm
OK that was an ugly day but still position wise I am sitting good. Taking manual trades off of the S/R lines and getting returns on them. Aud became good secondary trades after the jpy session yesterday and took them.
TAKE PROFITS
MPTM 19 at +10 = +190
aud/chf + 50 Secondary trade
eur/aud +50 Secondary trade
CLOSED FOR LOSS
eur/cad, -12
eur/gbp -82 +41
eur/nzd -275 +50 3 mptm
OPEN TRADES
aud/chf -13 I took this trade as a secondary trade TP and 1 MPTM
aud/jpy, -2 2L 2 MPTM
aud/nzd, -117 2L 0
eur/gbp -7
eur/nzd -347 2L -108 3L -19
gbp/chf, -164 -108 -2 did get 2MPTM on this one.
gbp/jpy -255 2L -107 3L -6
gbp/usd -150 -43
nzd/chf, -154 2nd L -68
nzd/jpy, -164 2nd L -84 3L +1
nzd/usd not entered yet
usd/chf -100 2ndL -9
usd/jpy, +20
BUYS
TOTALS
total for day + 12
for the week +12
for the month +3878
Carry over -2007
Primary trades
BUYS NO NEW TRADES PICKED UP THE AUD YESTERDAY DURING THE EUR SESSION.

SELLS

Secondary trades
BUYS

SELLS

Look for entrances after the gaps on next weeks opening.

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.
  • #1,422
  • Apr 26, 2010 5:45pm Apr 26, 2010 5:45pm
Quoting Pidgeon
I'm liking this system quite a bit, and trading it on a micro account....
I use a 1000 SL and try to 0 out every trade. Kind of a crazy way to trade but so far so good. If you wish to be a SL player that may not be a bad idea. Another place would be the top/bottom of the chart. Anyways runner time especially on the NZD pairs. Interest rate news Wed and they seem to be positioning themselves for a reversal there. Rumor an increase then big drop when it doesnt. Similar to the CAD next week. If they do increase then price already relflects it. So I feel good in them. EUR/NZD did its usual thing. If you are not used to that pair and its runs welcome to heart attack city. I also do a lot more manual trading with the MPTM. Catch a lot of +10 around those S/R areas. Anything beyond those gold lines I am going to manually input a trade at those points. Pick a bunch of MPTM and since they are not EA trades they dont reenter. Then pick up the entrance later off of the EA. I put a pic up next post showing that kind of trade.
  • #1,423
  • Apr 26, 2010 5:47pm Apr 26, 2010 5:47pm
GBP/CHF secondary trade. A thing of beauty. Did this several times yesterday on the GBP pairs and NZD pairs.
Attached Image (click to enlarge)
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  • #1,424
  • Apr 26, 2010 5:49pm Apr 26, 2010 5:49pm
This is the 3rd week in a row I have been picking off of these tops on the GBP/USD. Take those R trades when you see this above or below the gold lines.
Attached Image (click to enlarge)
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  • #1,425
  • Apr 26, 2010 5:58pm Apr 26, 2010 5:58pm
Quoting roachroach
Ok so let's say you were short on EURNZD with your 6x6 SELL EA ON. Even if you are short with this EA, MPTM manages long trades retracements? I thought MPTM only entered trades going the same direction as the EA applied on the chart. So basically MPTM will manage crosses either direction during your main/initial trade (only if the 6x6 is still on)? Am I correct?

If I am, I open a primary trade following your rules, and let MPTM manage zigzags/retracements during that trade to "scalp" some pips here and there, and it will never close the first/initial...
IF YOU HAVE THE MPTM SET FOR 'TRUE' for manage all trades, it will manage all your trades. If you have manual trades it does them all. If you close one trade with a magic number, the EA closes all trades of the same magic number on that currency pair not the MPTM. If you have 4 trades going and each one has a different magic number or are manual the MPTM handles each trade seperately. Only when you have two trades using the same magic number will it close both. The MPTM does not close both trades but the EA does. That is why with Ver. 4 I have seperate EA with seperate magic numbers for each level. You handle each level seperately with the MPTM. That is why yesterday I closed that one EUR/NZD 2L without affecting the other levels. It is also why I am not getting my good separation on my levels because I am entering off of crosses and S/R lines instead of every 200 pips like in the past. We will see if this is a good thing or not. But I will take those trade off of S/R lines above the gold lines. Those are pretty safe trades.
  • #1,426
  • Apr 26, 2010 5:59pm Apr 26, 2010 5:59pm
Update:
Maybe a partial answer from myself... MPTM just tried to open a long trade upon an MA cross.

THE MPTM DOES NOT OPEN TRADES, IT ONLY MANAGES EXISTING TRADES. IT IS A SEPARATE EA FROM THE OTHERS THAT ONLY MANAGES EXISTING TRADES.
  • #1,427
  • Apr 26, 2010 6:01pm Apr 26, 2010 6:01pm
Quoting panamamike
NB,

Do you trade two instances of each pair? One with MPTM and one without?
I will trade 3L on any pair. Some are entered with the EA, some are entered manually. The MPTM never enters trades, it only manages existing trades. It is the one that moves up the SL to BE and +10. That is all it does.
  • #1,428
  • Apr 27, 2010 4:39am Apr 27, 2010 4:39am
Hey Bob,

Since we're sort of on the topic of MPTM, I too have begun using the EA with a 25 pip stop with 10 pip BE after 20 pips but...

Sometimes price triggers the BE when the moving averages haven't crossed back over, which causes the entrance EA to get back in the trade...

How do I get the EA to deactivate after entering a trade so that MPTM can handle things?
  • #1,429
  • Apr 27, 2010 6:32am Apr 27, 2010 6:32am
You can use a blank template after an EA trade.
  • #1,430
  • Apr 27, 2010 9:52am Apr 27, 2010 9:52am
Quoting wyattgoettsc
Hey Bob,

Since we're sort of on the topic of MPTM, I too have begun using the EA with a 25 pip stop with 10 pip BE after 20 pips but...

Sometimes price triggers the BE when the moving averages haven't crossed back over, which causes the entrance EA to get back in the trade...

How do I get the EA to deactivate after entering a trade so that MPTM can handle things?

That is what it is designed to do. We had this discussion just a couple of pages ago.
  • #1,431
  • Edited 10:38am Apr 27, 2010 10:09am | Edited 10:38am
Quoting nanningbob
...I also do a lot more manual trading with the MPTM. Catch a lot of +10 around those S/R areas. Anything beyond those gold lines I am going to manually input a trade at those points...
Thanks for the reply Bob. I just started looking at the MPTM documentation. I trade on MB Trading, and they do have MT4 support now, I would just have to move my account over to take advantage. I could really get comfortable with an EA that only manages trades. I never liked other EA's that entered too many trades, or entered at times when you didn't expect them to. I like that the MPTM can be used with very strict parameters, and to only do one or two things well.

Anyway, my NZD/JPY trade from last night is doing well, and am just waiting to move SL to break even. I hear what you say about the volatile pairs, and am only trading the pairs you identified in the 4th edition doc as Medium and Moderate volatility. 13 pairs is enough to test with for now.

Will play around with the MPTM on metatrader, looks to be a powerful tool.
Disregard all prognostications.
  • #1,432
  • Apr 27, 2010 3:05pm Apr 27, 2010 3:05pm
Hello bob, i have been following your thread for a little while (started to look at your systems and development since 35x25 which i believe was yours) and I would like to tell you that i have decided to go live with your system. I will start with a small account at mb trading and see where i can take it. Thank you, for all your lessons and motivations, i check up with your thread regular but until recently saw no need to register, but now that im going live i think it will be good for me to post results and follow the thread more closely.
  • #1,433
  • Apr 27, 2010 5:21pm Apr 27, 2010 5:21pm
I turned on the BUY EA for EURJPY after having a look at the daily charts and deciding it was a valid possible trade

Quoting silv3r4sh
I got too frustrated and took the loss with a brave face, closing all my trades on this pair.
From now on, only sell orders on the EURXXX pairs.
  • #1,434
  • Apr 27, 2010 6:07pm Apr 27, 2010 6:07pm
loving the system bob - as always.
  • #1,435
  • Apr 27, 2010 6:23pm Apr 27, 2010 6:23pm
Thanks guys appreciate all the comments. This is my best month trading by far and because prices usually range all summer I am looking forward to doing more. The one caution I have started throwing out it watch out for the EURO. With several countries over their head in debt and Greece ready to go under, we need to keep our ears open for developments. I may take a position of trading only outside the Gold lines on the euro just to try to protect myself. So keep your eyes and ears open. I have no idea what would happen in Forex if Greece defaults or is kicked out of the EURO community. Obviously there would be shock waves. My advice is this, if a big super news story does break and some of your trades are on the wrong side. JUST EAT THE LOSS. I will not try to 2.4.2 my way out of it.
  • #1,436
  • Apr 27, 2010 7:46pm Apr 27, 2010 7:46pm
OK good day, some nice moves out there. I am playing that price will go to the middle today in preperation for tonights interest rate news. That is my take. Then get out before the USA session or reduce my risk at that time. I hope I am right. WOW what a day. 1014 pips in one day, that is the third time I have done a 1000 pips in one day. Dang
TAKE PROFITS
MPTM 23 at +10 = +230
aud/jpy, +50 + 76 4 MPTM (166 pips and closed this trade to early)
aud/nzd 2L +33
eur/gbp +40
eur/nzd +50 -27 2MPTM Did some trading on this pair cant explain it all.
gbp/jpy +10 2L +66 3L +50 +50 +50 +50 MAKE ME SMILE I have a +50 TP on my 3L and just let it run. Yippppppppeeeeeeeeeeee
gbp/nzd +50 + 50 -29 Love these play outside the gold lines
gbp/usd -20 +50
nzd/jpy, -36 2nd L +37 3L +42
nzd/usd +67
usd/jpy, +75
CLOSED FOR LOSS

OPEN TRADES
aud/chf -51
aud/nzd, -83
eur/nzd -396 2L -153 3L ?? EA is on
gbp/chf, -193 -115 L3 0 I dont like my 2L here may close it if price goes against me. Keep my spacing. 3 MPTM
nzd/chf, -162 2nd L -83 2 MPTM yesterday
usd/chf -256 2ndL -163 3L 0

BUYS
TOTALS
total for day + 1014
for the week +1026
for the month +4892
Carry over -1655
Primary trades
BUYS aud/usd, chf/jpy, eur/jpy, eur/usd, gbp/usd

SELLS usd/cad

Secondary trades
BUYS eur/gbp

SELLS

Look for entrances after the gaps on next weeks opening.

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]
  • #1,437
  • Apr 27, 2010 7:49pm Apr 27, 2010 7:49pm
I cant believe it, wonder why people lose money in this business? I just had my third 1000 pip day ever and some dumb idiot voted against my system on the day I was having a 1000 pip day. Can you believe that. SHEEEEEEEESH. I know it takes time to learn this but dang to vote no on my best day of the year.

 

  1. WOULD YOU HAVE THE GUTS TO TELL US WHO YOU ARE AND TELL US WHY YOU WOULD VOTE NO!!!!!!!!!! I REALLY WOULD LIKE TO KNOW WHO YOU ARE.

  • #1,438
  • Apr 27, 2010 8:25pm Apr 27, 2010 8:25pm
Bob, this reminds me of the idiots around my neighbourhood who buzz my intercom at 3am in the morning then run away.. They're just bored (and usually drunk)

Quoting nanningbob
I cant believe it, wonder why people lose money in this business? I just had my third 1000 pip day ever and some dumb idiot voted against my system on the day I was having a 1000 pip day. Can you believe that. SHEEEEEEEESH. I know it takes time to learn this but dang to vote no on my best day of the year.

 

  1. WOULD YOU HAVE THE GUTS TO TELL US WHO YOU ARE AND TELL US WHY YOU WOULD VOTE NO!!!!!!!!!! I REALLY WOULD LIKE TO KNOW WHO YOU ARE.

  • #1,439
  • Apr 27, 2010 10:03pm Apr 27, 2010 10:03pm
Bob, congrats for your 1000pips gain.

I am demoing with $5000 bucks. Would you advise whether 0.1 lot is suitable money management for the amount?

Thank you in advance.
  • #1,440
  • Apr 28, 2010 2:48am Apr 28, 2010 2:48am
Damn EA!!
Ok it is really helpfull when you're at work with no MT4. But be careful as it can enter some really stupid trades. Now I'm in deep sh... entering a 2L trade to, hopefully, BE, but I doubt it...
Maybe I should just use trade manually on the extreme 6ths. Placing pending orders above/ below the last candles high/low as soon as price and BWR are at extremes. I've using the 6x6EA for 10 days now and it's giving me really late signals.
But don't get me wrong, I'm not complaining, I love this system and believe in it, still banked 287 pips yesterday. I just want to avoid this really annoying situation. Any Advice? Bob, I see you're using the HIGH/LOW EA and not the 6x6. What's best?


PS: yes I do still use BB bands, it sort of guides me
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