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Nanningbob 4H trading system

  • #1,561
  • May 4, 2010 6:56pm May 4, 2010 6:56pm
sorry i didnt notice your post, henry
secondary trades can also be when the RWB lines bunch up and the price is near a previous S/R point..

However, do bear in mind that a lot of my trades aren't even secondary trades by Bob's standards - I am just trading based on my 'gut feel' and often get burned cos i take risky trades that are not qualified by his system..

Quoting henryloving
I am wondering below secondary/other trades are the "secondary" trade defined by Bob. The secondary trade is referring to Red is not aligned well with BW, but the trade should be taken from below/above sixth line, right?
  • #1,562
  • May 4, 2010 7:04pm May 4, 2010 7:04pm
OK NZD stopped on some of its pairs but now the CHF and EUR goes on a run. Oh well lets see if we can BE on these things.
TAKE PROFITS
MPTM 23 at +10 = +230
aud/jpy, +49 5 MPTM
nzd/jpy L1 -65 L2+67 5 mptm BE but mptm made a profit
nzd/usd, -30 +34 4 mptm on this one. If I had stayed in longer would have been a nice profit but was glad to BE on the NZD pairs.
CLOSED FOR LOSS

OPEN TRADES
aud/chf -46
aud/nzd, -313 L2 -213 L3 -95 L4 +5 Manual trade off of S line
eur/aud -78
nzd/chf, -368 2nd L -289 3L -123 L4 -20
usd/chf -423 2ndL -205 3L turn EA on thank you chf
usd/jpy -96 3 mptm yesterday

TOTALS
total for day +285
for the week +366
for the month +366
Carry over -2264
Primary trades
BUYS aud/usd eur/usd (maybe) gbp/usd

SELLS gbp/chf, usd/cad

Secondary trades
BUYS chf/jpy eur/jpy

SELLS eur/cad (maybe later off of S)


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][/quote]
  • #1,563
  • May 4, 2010 7:39pm May 4, 2010 7:39pm
Quoting silv3r4sh
sorry i didnt notice your post, henry
secondary trades can also be when the RWB lines bunch up and the price is near a previous S/R point..

However, do bear in mind that a lot of my trades aren't even secondary trades by Bob's standards - I am just trading based on my 'gut feel' and often get burned cos i take risky trades that are not qualified by his system..
I am guilty of those too but I dont post them because they are not part of the system.
  • #1,564
  • Edited May 5, 2010 5:26am May 4, 2010 8:46pm | Edited May 5, 2010 5:26am
Thanks for the consolation Bob

My L3 sell trade on GBPUSD got closed out by MPTM for a measly 10 pip profit. So now I've only got 2 levels open. But now that it's gone back down, it does look like it could trigger L3 again (65 pip spacing since I'm using 1/6 of chart).
  • #1,565
  • Edited 9:45pm May 4, 2010 9:12pm | Edited 9:45pm
Hi all,

I hope I am not annoying you w/ silly technical questions, but so far I believe that I am suffering from some technical issues on maybe setup.

Any help is greatly appreciated!

And, I promise to be an asset once I get this setup going!

Please see the attached:

#1 MPTM is overwriting my output, and I will also reference the thread for this, but if you know the quick answer it would be appreciated. (STILL NOT WORKING all the time...)

#2 is the iexposure indicator (default) is saying that I have many many more entries and positions than I actually do? I did do an entry to test it out and the first full lot entry is the only live order I have in my terminal window. (I FIXED THIS BY ALLOWING DLL IMPORTS, SO NEVERMIND)

I am using FXOPEN Demo account (first time w/ these guys) w/ 5 digit, so if someone could point me to the right direction of a thread that would be great.

I searched, but found nothing on this? I did update the strategies to the upload from one of the users that added the code for the strategies to work on both 4/5 digit brokers, so maybe that is it?

any help is appreciated!

Aloha!
Attached Image (click to enlarge)
Click to Enlarge Name: issue.gif Size: 24 KB
We are our own best indicator.
  • #1,566
  • May 4, 2010 10:22pm May 4, 2010 10:22pm
Quoting bluemele
Hi all,

I hope I am not annoying you w/ silly technical questions, but so far I believe that I am suffering from some technical issues on maybe setup.

Any help is greatly appreciated!

And, I promise to be an asset once I get this setup going!

Please see the attached:

#1 MPTM is overwriting my output, and I will also reference the thread for this, but if you know the quick answer it would be appreciated. (STILL NOT WORKING all the time...)

#2 is the iexposure indicator (default) is saying that I have many many more entries and positions...
Yes if someone can rewrite the numbers so they go into the middle of the screen that would be good. It was used before we were using the MPTM and never moved teh numbers to the middle.

There are guys using FXOPEN so I am sure they can help.
  • #1,567
  • May 4, 2010 10:23pm May 4, 2010 10:23pm
Why do I trade a 4H chart. It is because it tells a story. Here is the story it is telling about the usd/chf. If you notice in the last 8 weeks. The usd/chf goes to its high or low aound wed or thurs and then retraces. It has done this 8 of the last 8 weeks. Now is it guaranteed to do that this week again? No, of course not but that is how I will play it. The odds are in my favor. One nice retrace and I end up with a profitable trade. And we all are happy. If not I have a back up plan. That is how I trade and try to teach. Look at this pic. the dotted lines divide the chart by weeks, the solid lines show the turnaround spot every week. I will play this consistancy. The 4H chart speaks and tells a story, learn to read the story it is telling you.
Attached Image (click to enlarge)
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  • #1,568
  • May 4, 2010 10:26pm May 4, 2010 10:26pm
Quoting bluemele
Hi all,

I hope I am not annoying you w/ silly technical questions, but so far I believe that I am suffering from some technical issues on maybe setup.

Any help is greatly appreciated! ........

Aloha!
hi I encountered the same when I first loading the "6x6 BE Jump" template.

This what I did:

For MPTM overwriting with NB-iBreakeven issue:
- Right click & select "Indicators List" or Control+I ;
- Double click on NB i-Breakeven and set the "Corner" to "1"
- Press ok and done, the breakeven info will appear in Top Right Hand Corner

Note: Corner 2 = Bottom left
Corner 3 = Bottom right

For NB-iExporure showing "unknown" trades:
- Right click & select "Indicators List" or Control+I;
- Double click on the NB iExposure, don't change anything and click "OK" to close it;
- Done and now it shd show only your trades

Hope it helps
  • #1,569
  • Edited May 5, 2010 2:19am May 4, 2010 11:41pm | Edited May 5, 2010 2:19am
I like what im seeing, Bob!
I actually have already turned on the 6x6 Sell EA cos I anticipate it will retrace sometime, hoepfully this week..

I'm still a little frustrated that the GBPUSD is taking so long to reverse tho >:|

Quoting nanningbob
Why do I trade a 4H chart. It is because it tells a story. Here is the story it is telling about the usd/chf. If you notice in the last 8 weeks. The usd/chf goes to its high or low aound wed or thurs and then retraces. It has done this 8 of the last 8 weeks. Now is it guaranteed to do that this week again? No, of course not but that is how I will play it. The odds are in my favor. One nice retrace and I end up with a profitable trade. And we all are happy. If not I have a back up plan. That is how I trade and try to teach. Look at this pic. the...
  • #1,570
  • Edited 5:29am May 5, 2010 1:15am | Edited 5:29am
OPEN SELL
None

OPEN BUY
audcad L1 -20, L2 +4 (This trade is not by Bob's rules)
chfjpy L1 -6
eurjpy L1 -1
gbpusd L1 -127, L2 -55


Hey Bob, don't you find it a bit intrusive the way MPTM keeps stopping out the trades prematurely for just 10 pips profit? It's kind of okay when the EA immediately opens a new one to take it's place, but still.. I'm paying spread each time the a new order is opened.. And when do you decide to pull off the EA to prevent further "re-entries"?
(Currently, I'm using a modified EA that only re-enters in the same 4H candle where the 6x6 cross occurred.)
  • #1,571
  • May 5, 2010 6:56am May 5, 2010 6:56am
Quoting maxximuz
hi I encountered the same when I first loading the "6x6 BE Jump" template.

This what I did:

For MPTM overwriting with NB-iBreakeven issue:
- Right click & select "Indicators List" or Control+I ;
- Double click on NB i-Breakeven and set the "Corner" to "1"
- Press ok and done, the breakeven info will appear in Top Right Hand Corner

Note: Corner 2 = Bottom left
Corner 3 = Bottom right
Maxximuz,

Thank you! It worked... I appreciate that!
We are our own best indicator.
  • #1,572
  • May 5, 2010 7:08am May 5, 2010 7:08am
Hi All,

Sorry to be a pest, but one more issue. My EA isn't entering me into any trades.

So far I have missed a day's worth of good entries. I have created the templates and changed them when doing a buy/sell and I have a happy face. I believe that I should have gotten entered on AUDNZD for a long this morning.

If there are any quick checks to perform that would be great. Since I am using a 5 digit broker, I changed settings to .01 for lots and added a zero on all stops, tp's etc. on all EA's. Please advise.

Thanks in advance!
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We are our own best indicator.
  • #1,573
  • May 5, 2010 7:29am May 5, 2010 7:29am
Quoting bluemele
Hi All,

Sorry to be a pest, but one more issue. My EA isn't entering me into any trades.

So far I have missed a day's worth of good entries. I have created the templates and changed them when doing a buy/sell and I have a happy face. I believe that I should have gotten entered on AUDNZD for a long this morning.

If there are any quick checks to perform that would be great. Since I am using a 5 digit broker, I changed settings to .01 for lots and added a zero on all stops, tp's etc. on all EA's. Please advise.

Thanks in advance!
If your broker is not a penny broker .01 lots wont work. Change the lots to .10 and see if that solves the problem.
  • #1,574
  • May 5, 2010 9:17am May 5, 2010 9:17am
Keep an eye on gbpusd eurgbp eurusd usdchf audusd usdcad eurjpy gbpchf eurcad chfjpy and cadchf! They are all in extreme gold territories and have broken previous Rs. Turn your EA's on and wish for a reversal...
  • #1,575
  • May 5, 2010 9:19am May 5, 2010 9:19am
Quoting astral77
FOR ALL THE PEOPLE WHO ARE UNSURE of lot sizing with this system. As a general rule NORMALLY you should use 1/50000 to determine your lot size (e.g. if you have $1000 divide by 50000 you get 0.02 as lot size). This is for lower time frames with Stop loss of around 25 pips....
Well that's VERY clear and deserves being on the first post of this thread!!

Thanks a lot!
  • #1,576
  • May 5, 2010 10:03am May 5, 2010 10:03am
I recommend getting out of every EUR trade as soon as possible and in the best shape possible. It seems to be collapsing all over the board. If this keeps up the EURO may be doomed.
  • #1,577
  • May 5, 2010 10:47am May 5, 2010 10:47am
Quoting nanningbob
I recommend getting out of every EUR trade as soon as possible and in the best shape possible. It seems to be collapsing all over the board. If this keeps up the EURO may be doomed.
This actually seems to be a no-brainer trade. I decided to sell the EUR/USD and will ride it down to 1.24. At that point there should be some support, and it will be a good time to get out. This trade has nothing to do with NB's 4H system, it's just going with the tide that is trashing the Euro. Greece is rioting, downgrades in debt are expected for Portugal. Its just too big of a tide to trade against.
Disregard all prognostications.
  • #1,578
  • May 5, 2010 11:25am May 5, 2010 11:25am
Quoting nanningbob
If your broker is not a penny broker .01 lots wont work. Change the lots to .10 and see if that solves the problem.
Bob,

Thanks for the prompt reply! I truly appreciate your effort in helping others get this up and running. I made the changes, but nothing yet.

I went through and re-downloaded your system files for V4 and in the setup it states the following:

Quote
Open the ‘experts’ folder of MT4. If you have a 4 digit system open and copy those EAs, if you have a 5 digit system open and copy those EAs. (note I have used live the 4 digit EAs but not the 5 digit EAs, please test them on a demo before using them live) Paste the EAs inside the expert’s folder. DO NOT CLOSE THE FOLDER.

I didn't see a different folder for different EA's (4 or 5) in the zip file?

I am also now trying this on a 4 digit account with my broker Forex.com as well.

So, without knowing the answer from this post, I will go ahead and do the same configuration with Forex.com assuming there is no different EA file's to incorporate?

I apologize to everyone on the post as I know how annoying these posts are when someone can't get a system going. haha

We are our own best indicator.
  • #1,579
  • May 5, 2010 11:49am May 5, 2010 11:49am
Hi Bob,

It must have been some of the settings I changed as I set it up in 4 digit forex.com from the templates you gave me and it already entered 3 transactions.

Thanks, will keep you posted! Aloha!
We are our own best indicator.
  • #1,580
  • May 5, 2010 12:00pm May 5, 2010 12:00pm
Quoting Pidgeon
This actually seems to be a no-brainer trade. I decided to sell the EUR/USD and will ride it down to 1.24. At that point there should be some support, and it will be a good time to get out. This trade has nothing to do with NB's 4H system, it's just going with the tide that is trashing the Euro. Greece is rioting, downgrades in debt are expected for Portugal. Its just too big of a tide to trade against.
I agree but I also have seen banks and govt. step in and change the rules without warning. But if I was to trade that would be the best trade.
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