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Nanningbob 4H trading system

  • #1,441
  • Apr 28, 2010 3:56am Apr 28, 2010 3:56am
Hi,

Just wondering... Would it be easy to create an e-mail alert when swingman's turquoise and magenta line appear?

Good pipping to all...
  • #1,442
  • Apr 28, 2010 4:03am Apr 28, 2010 4:03am
Quoting earthca
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.
If it is dimes that should be right. If it is dollars that could be risky. I trade nickels with about a 1000 USD and that keeps me fairly safe.
  • #1,443
  • Apr 28, 2010 4:23am Apr 28, 2010 4:23am
Quoting roachroach
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...
That is why that pair is on the most volatile list. If you are going to play with the gbp/nzd be ready to use 250-300 reentries. For this pair your situation is normal. You are not used to this so you have a choice. Close out and never use it again or learn to deal with this situation. GBP/NZD, GBP/anything will do this. EUR/NZD EUR/JPY same thing to a lesser degree. Remember my aud/jpy trade, I took 3 weeks to zero it out in fact I made a profit with it. I have played the gbp/nzd at times and gone 3 levels -150 or about 700 in the hole for L1 and ended up with a profit so. Count this as part of your learning tuition. There is a reason why I dont even list that pair, I only trade it when it is at very high/low extremes.

The reason I teach multi-level trading is this will not be the first or last time you will find yourself in this situation. I have a plan. If I go 2-300 pips in the hole I reenter again. If I retrace to profit great. If not I will reenter again. The first time you this it scares the ............... out of you but once you get used to using it. Heck I find it normal. Yesterday I was over -2000 pips DD. Today I am -1600 pips DD but I pocketed another 1000+ in the bank. If you can master this and it will take time and you will take your lumps. You will find forex trading not stressful.

I use the high/low EA or I manually input them at just below or above S/R lines. But you could use it. In my trading arsenal and I dont want to confuse the H........... out of you guys but I use a BB sometimes, 6x6, 3x3, 1x7, depending on how I am reading the charts. Once you get used to 6x6 you will look at a trade and say, I wish I could get in quicker now than the 6x6 so I use different EAs or if this moves up a couple more pips what a great entrance for the high/low EA. It will all come over time. I only tell you about my 6x6 trades and enters above and below the gold line.

Anyways I am taking that trade. Below Gold, RWB below 15, double bottom, looks good to me. I entered manually right at support and put the 3x3 EA on there. If it moves up strongly I can be in again.
  • #1,444
  • Apr 28, 2010 4:23am Apr 28, 2010 4:23am
Quoting roachroach
Hi,

Just wondering... Would it be easy to create an e-mail alert when swingman's turquoise and magenta line appear?

Good pipping to all...
YOu will have to contract Swingman since he did not post the code. He will have to do it.
  • #1,445
  • Apr 28, 2010 4:39am Apr 28, 2010 4:39am
Boy is this market going to overbought and oversold for tonight. You can bet I will have a sell or buy at every S/R past the gold line for tonight. Looking good. If you are new to this put penny trades on them manually and watch what happens. Since it is 3 hours to news time price could move an hour before back to the middle or they will just sit until the witching hour at those S/R lines. Once everything is in position and price takes off just turn the EAs off and manually close them out when you are happy with your profit.
  • #1,446
  • Apr 28, 2010 4:40am Apr 28, 2010 4:40am
Quoting nanningbob
That is why that pair is on the most volatile list. If you are going to play with the gbp/nzd be ready to use 250-300 reentries. For this pair your situation is normal. You are not used to this so you have a choice. Close out and never use it again or learn to deal with this situation. GBP/NZD, GBP/anything will do this. EUR/NZD EUR/JPY same thing to a lesser degree. Remember my aud/jpy trade, I took 3 weeks to zero it out in fact I made a profit with it. I have played the gbp/nzd at times and gone 3 levels -150 or about 700 in the hole for L1 and...
I believe in your system so I WILL hold on those toxic trades. Just have to do some yoga while I'm in deep DD . Having constantly -1000 DD is part of the game! I'm just part of the 99.9% traders who freak out when -100 pips. (the 0.01% other must live in China )

I've contacted Mr Swingman... I'll post the code if he sends me one.

Cheers!
  • #1,447
  • Apr 28, 2010 5:08am Apr 28, 2010 5:08am
For instance the EUR/JPY suddenly moved up 130 pips from the S line I took the profit and turned the Buy Low EA on. If it goes back to oversold I am in again if it keeps going I am out. Either way I pocketed 100+ on that pair. Just like that and your a winner. I did not know whether to stay in or out but I will take it.
Attached Image (click to enlarge)
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  • #1,448
  • Apr 28, 2010 5:33am Apr 28, 2010 5:33am
Quoting nanningbob
For instance the EUR/JPY suddenly moved up 130 pips from the S line I took the profit and turned the Buy Low EA on. If it goes back to oversold I am in again if it keeps going I am out. Either way I pocketed 100+ on that pair. Just like that and your a winner. I did not know whether to stay in or out but I will take it.
I also took this early. Good thing I didn't use 6x6 EA. Looking back at the charts, when PA is coming from gold lines, it moves 150-200 pips on average. So I think I'll set TP on green line.
Ahhhh it's good to see at last some trade going on well, especially with EUR!
  • #1,449
  • Edited 8:11am Apr 28, 2010 7:58am | Edited 8:11am
good news : Aid of 120billions for Greece. Hang on to those EUR/XXX trades!
  • #1,450
  • Apr 28, 2010 8:11am Apr 28, 2010 8:11am
You know you let some currencies run and TP on others. The ones I let run didnt and the one I took TP eur/jpy just kept on going. Oh well welcome to forex.
  • #1,451
  • Apr 28, 2010 8:23am Apr 28, 2010 8:23am
Just to let you know I try to keep my ratios low so I can handle surprises without damaging my account. I trade nickels at 800 dollars this month and my return on one live account (4H system) has been 25%, one of my best months ever. I have used this EA for 2 weeks at .05 and one week at .01 and my return has been 10.3%. These numbers would keep your account with less than 10% on average DD and 20% when I was running my worst case DD. To hit 83% or triple of what I have done would mean in a worst case DD you would be endangering your account. Now if you have extra money to put in the account you can trade like that but if you dont then it is dangerous. I now have a rule that if my margin goes bigger than 20% of my account on a DD I will add more funds to that account and keep my ratios intact. That way I can run my 2.4.2 recovery system without being hampered by not having enough funds. So those are my rules guys in case you need to know. Those rules come from a lot of bad experiences but those numbers seem to fit if you trade at a 100:1 leverage. I hope this helps some of you with your trading.

I just helped out a guy who had a very large account and was over 10% DD on just a few trades. I used about 20% sized lots than he used and I got him back to BE after a couple of days. So keep your account intact and trade wisely. Again nothing wrong with 83% return is you have the extra funds to put in the account quickly if it gets into trouble. But if you dont have a buffer then you will get into trouble at some point. I have 3 accoutns with IBFX. I trade 2 live and one has reserve money just in case. IBFX will transfer from one account to another in a matter of minutes if I need it. So that is how I trade and how I protect myself.
  • #1,452
  • Apr 28, 2010 10:49am Apr 28, 2010 10:49am
The fan gets hit.
Spain downgraded.
Never been so deep in DD: - 1385 pips.
  • #1,453
  • Apr 28, 2010 1:46pm Apr 28, 2010 1:46pm
Hello i have modified the ea to work on both 4 and 5 digits, so you wouldn't have to release separate upgrades for each (since i did not see it done in the last upgrade) I hope this would be helpful to newcomers to thread like me which do not understand how to convert the ea from 4 to 5, it will work on any platform now 4 or 5.
Attached File(s)
File Type: zip 6x6 4 and 5.zip   33 KB | 348 downloads
  • #1,454
  • Edited 10:13pm Apr 28, 2010 7:29pm | Edited 10:13pm
Well not every day can be a home run but I wll take it. 657 pips in one is getting to be a bad day for me. The +50 are from my high/low or manual entrances off of the high/low above the gold line. Right now I am making alot of pips from those trades. Most of my winnings are coming from those trades and MPTM and not the 6x6 cross. I am making a killing playing those bounces off of the top/bottom of the charts. I enter pick up profit and then price is going right back over the line again. It is making me look like a super trader but that is what the market is giving me. 6000 pips this month anyone???
TAKE PROFITS
MPTM 22 at +10 = +220
aud/usd, +48
chf/jpy +3 3mptm and then closed it out.
eur/gbp +45
eur/jpy, +90
eur/usd +50
gbp/chf +74 -3
gbp/nzd +50 +50
usd/cad +30
usd/chf took 4mptm and then I closed the 3L trade
CLOSED FOR LOSS

OPEN TRADES
aud/chf -107 +13
aud/nzd, -73
eur/nzd -469 2L -226 3L -65
eur/usd -22
gbp/chf, -200
gbp/nzd -83 -13
gbp/usd -24
nzd/chf, -200 2nd L -83
usd/chf -250 2ndL -96

TOTALS
total for day + 657
for the week +1683
for the month +5549
Carry over -1898
Primary trades
BUYS eur/aud

SELLS usd/jpy aud/chf,

Secondary trades
BUYS

SELLS aud/jpy

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.
  • #1,455
  • Apr 28, 2010 7:33pm Apr 28, 2010 7:33pm
my equity curve for the last 2 weeks. That is trading .05 a lot. I have never had a run like this before. I know it wont last forever but keep it coming.
Attached Image (click to enlarge)
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  • #1,456
  • Apr 28, 2010 8:14pm Apr 28, 2010 8:14pm
bob wouldn't the aud/chf be a sell today?

white and blue are both above the 85 line, it's at the top of the BB, and also in the top third.

maybe a typo.

BTW - congrats on the month. It's also been my best, however I am nowhere near your mark.
  • #1,457
  • Apr 28, 2010 10:12pm Apr 28, 2010 10:12pm
Quoting scottik187
bob wouldn't the aud/chf be a sell today?

white and blue are both above the 85 line, it's at the top of the BB, and also in the top third.

maybe a typo.

BTW - congrats on the month. It's also been my best, however I am nowhere near your mark.

Yes I thought I put it in there. Sorry.
  • #1,458
  • Apr 29, 2010 3:26am Apr 29, 2010 3:26am
Hey Bob, go for +6000!!
I just wished I could get that MPTM to work with all my pairs... I am not a programmer but I did notice a line in the code mentionning different digits and multipliers, so I added a line for the 6 digit pairs. I'll try this out, and let you all know if this works.

One question though: If all your trades are managed by MPTM, when you say you won a trade (let's say +100), does this mean you had your stops jumping until you got stopped at +100?
  • #1,459
  • Apr 29, 2010 3:38am Apr 29, 2010 3:38am
Quoting roachroach
Hey Bob, go for +6000!!
I just wished I could get that MPTM to work with all my pairs... I am not a programmer but I did notice a line in the code mentionning different digits and multipliers, so I added a line for the 6 digit pairs. I'll try this out, and let you all know if this works.

One question though: If all your trades are managed by MPTM, when you say you won a trade (let's say +100), does this mean you had your stops jumping until you got stopped at +100?
No it means I closed the trade for +100 profit. The only thing the MTPM does is bring my SL up to break even +10. That is why I report them separately. So I might have 4 closes on a pair 2 were +10 MPTM L1 maybe small loss and a L2 profit. I just count up the MPTM I dont have time to write about each one. In fact some morinngs I spend 45 minutes trying to prepare my report. I dont know how much longer I can keep doing this. It is time consuming but also very essential that new traders see the real life of trading. The real ups and downs. You need to see the DD and the losing trades and not just talk about the winners. A lot of so called trainers of Forex in real life are really not good live traders. They only talk about after the fact. I think it is better you see I will enter this trade today and you see what it is really like. I do have losing trades and I really do get into trouble. That is the real reality of trading. Not everything goes as planned.
  • #1,460
  • Apr 29, 2010 4:01am Apr 29, 2010 4:01am
Quoting roachroach
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...
I use www.logmein.com to access my machine at home, there is even an iphone version. hope this helps, the other option is to rewrite the ea to do exactly as you would if you were there, maybe try this
http://sufx.core.t3-ism.net/ExpertAdvisorBuilder/
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