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Nanningbob 4H trading system

  • #1,701
  • Edited 7:24pm May 26, 2010 7:11pm | Edited 7:24pm
I am going to experiment with a 1x6 cross that enters once, takes 50 pips and quits. Let you know how it goes. My studies show that I will get 50 pips almost every time with a 1x6 cross and then not reenter. However, you will miss some big moves doing that. I would be willing to sacrifice that if I get a consistant 50 on most trades. My MPTM will be set at 20 pips take +10. If it takes a +10 it may reenter because it will be close to the conditions of the way I have the EA enter.

It also took me less than 10M to make my report today so that is more acceptable. So I will experiment with my new reporting system.
  • #1,702
  • May 26, 2010 7:53pm May 26, 2010 7:53pm
Quoting nanningbob
I am going to experiment with a 1x6 cross that enters once, takes 50 pips and quits. Let you know how it goes. My studies show that I will get 50 pips almost every time with a 1x6 cross and then not reenter. However, you will miss some big moves doing that. I would be willing to sacrifice that if I get a consistant 50 on most trades....
Thanks BOB, this format of reporting is just fine, we know what trades you are taking. I am staying out of new trades for the time being, due to uncertain conditions plus the fact that I was a bit cocky two weeks ago and entered some bad trades. At present I am trying to rectify the situation.

Many thanks
  • #1,703
  • May 27, 2010 5:05am May 27, 2010 5:05am
[quote=nanningbob;3756509] My MPTM will be set at 20 pips take +10. If it takes a +10 it may reenter because it will be close to the conditions of the way I have the EA enter.[quote]

Hi Bob,

a few days ago, when you changed broker, you said you were having problems with mptm due to 6digits/5decimal pairs. Have you found a solution so that MPTM manages all pairs?

Thanks.
  • #1,704
  • May 27, 2010 5:40am May 27, 2010 5:40am
Quoting nanningbob
All my trades were profitable yesterday and I set them all at +50 and closed out. 4 aud, 1 chf,3 nzd and 2 usd +500 pips.

I am taking all the same trades again today. They all uncrossed so I put the 6x6 back on them again. Happy trading.

TOTALS
total for day +500
for the week +500
[FONT=Times...
Hi Bob,

Would you post the these transactioins (time, sell/buy, open price, close price) for me to understand the system better? It seems to me that these transactions are not strictly following 4H system.

Thank you in advance!
  • #1,705
  • May 27, 2010 6:26am May 27, 2010 6:26am
Quoting earthca
Hi Bob,

Would you post the these transactioins (time, sell/buy, open price, close price) for me to understand the system better? It seems to me that these transactions are not strictly following 4H system.

Thank you in advance!
Due to time restrictions BOB is unable to post detailed reports as requested. Please see the images posted by BOB in order to grasp what he is doing. You are quite right that these trades are not strictly within the rules and they are classified and SECONDARY. As you can see the trades taken are either due to DIVERGANCE and or OVERBOUGHT / OVERSOLD according to the Sixth Indicators. I hope this helps. Bob will correct me if I am mistaken.

Kind Regards
  • #1,706
  • May 27, 2010 12:22pm May 27, 2010 12:22pm
First Bob thanks for putting your system up, and spending the time to answer questions.

I have been trying to use the system for 3 weeks now, I have read through every post. And all of your directions many times.

With that said I have some questions.

I'm running the IFBX demo account as you suggested, MT4 is a 5 digit system(I'm thinking this is part of my problem). They are not offering a 4 diigit MT4.

I cant get the 6x6 buy or short ML to trigger a trade, I drag the EA onto the chart turn on live trading set to a long or short only depending on which way I'm trading not even an alert will come up.

I'm using the Blank template you have in the files. I have even tried dragging the ML over and making long and short templates.

I'm sure its something I'm doing wrong. I haven't been able to figure out what it is. LOL

Any and all help is appreciated.

Thanks
Moon
  • #1,707
  • May 27, 2010 1:06pm May 27, 2010 1:06pm
Quoting Moonman1
First Bob thanks for putting your system up, and spending the time to answer questions.

I have been trying to use the system for 3 weeks now, I have read through every post. And all of your directions many times.

With that said I have some questions.

I'm running the IFBX demo account as you suggested, MT4 is a 5 digit system(I'm thinking this is part of my problem). They are not offering a 4 diigit MT4.

I cant get the 6x6 buy or short ML to trigger a trade, I drag the EA onto the chart turn on live trading set to a long or short only...
For me it was lot size.... I had the same issue. Look at your lot size to see if that is the problem. Also, verify the basics, like EA MASTER and individual settings are on! That makes a difference too!!
We are our own best indicator.
  • #1,708
  • May 27, 2010 5:52pm May 27, 2010 5:52pm
Quoting nanningbob
All my trades were profitable yesterday and I set them all at +50 and closed out. 4 aud, 1 chf,3 nzd and 2 usd +500 pips.

I am taking all the same trades again today. They all uncrossed so I put the 6x6 back on them again. Happy trading.
aud/jpy and aud/usd +50 each
aud/chf and aud/cad +10 MPTM
chf/jpy +10
all 3 nzd were +10 nzd/chf twice
both usd were +50
Total +220

TOTALS
total for day +220
for the week +720
for the month -3436
Carry over 0

Sells gbp/chf is the only trade I saw. Possible eur/gbp too but I am not taking that one. So one trade on the board for today. Happy trading.
  • #1,709
  • May 27, 2010 5:59pm May 27, 2010 5:59pm
Quoting Moonman1
First Bob thanks for putting your system up, and spending the time to answer questions.

I have been trying to use the system for 3 weeks now, I have read through every post. And all of your directions many times.

With that said I have some questions.

I'm running the IFBX demo account as you suggested, MT4 is a 5 digit system(I'm thinking this is part of my problem). They are not offering a 4 diigit MT4.

I cant get the 6x6 buy or short ML to trigger a trade, I drag the EA onto the chart turn on live trading set to a long or short only depending...
IBFX is offering 4D demo. When you do your sign up there will be a choice box in the second step where you can choose 4D or 5D demo server.
  • #1,710
  • May 27, 2010 6:03pm May 27, 2010 6:03pm
Here is the only trade I see for today. I call it a weak secondary trade. It was a primary trade 3 weeks ago #1 check and now it is at the same location. At the out side line of the sixths Black and blue above the 85. That is the closest thing to a trade I see.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp chf.gif Size: 34 KB
  • #1,711
  • May 27, 2010 6:24pm May 27, 2010 6:24pm
Quoting nanningbob
Here is the only trade I see for today. I call it a weak secondary trade. It was a primary trade 3 weeks ago #1 check and now it is at the same location. At the out side line of the sixths Black and blue above the 85. That is the closest thing to a trade I see.
Hi BOB

It is quite nice to see the pips are slowly but surely are coming back. Thank GOD for that, some sanity at last.

I was reading your manual for this system as well as the 60X90 thread for the fourth or fifth time. I do not trade GBPCHF since it is in your very volatile list. When you have TIME would you be kind enough to post a list of recommended pairs. For instance you have USDCAD in some trades, but you told us quite rightly that this pair can run and run without a retrace. I think it would be very useful for everyone if you gave us your updated opinion regarding pairs to trade.

Kind Regards
  • #1,712
  • May 28, 2010 1:08am May 28, 2010 1:08am
Quoting nanningbob
Sells gbp/chf is the only trade I saw. Possible eur/gbp too but I am not taking that one. So one trade on the board for today. Happy trading.
CAD/CHF is also looking good!
  • #1,713
  • May 28, 2010 3:30am May 28, 2010 3:30am
Quoting astral77
Hi BOB

It is quite nice to see the pips are slowly but surely are coming back. Thank GOD for that, some sanity at last.

I was reading your manual for this system as well as the 60X90 thread for the fourth or fifth time. I do not trade GBPCHF since it is in your very volatile list. When you have TIME would you be kind enough to post a list of recommended pairs. For instance you have USDCAD in some trades, but you told us quite rightly that this pair can run and run without a retrace. I think it would be very useful for everyone if you gave us...
Even though the euro currencies are tredning and going all over the place, when matched against each other they seem to be moving normal so this pair seems to be retracing nicely after any moves. So I will play it now. Otherwise I dont see much right now. If there were a lot of trades I probably wouldnt try. So far it has not crossed today.
  • #1,714
  • May 28, 2010 9:42am May 28, 2010 9:42am
GBP/CHF +50 and I quit for the week Will take it. My second bad month since Aug. June will definitely be better.

TOTALS
total for day +50
for the week +770
for the month -3386
Carry over 0
  • #1,715
  • May 28, 2010 10:13am May 28, 2010 10:13am
Quoting nanningbob
Even though the euro currencies are tredning and going all over the place, when matched against each other they seem to be moving normal so this pair seems to be retracing nicely after any moves. So I will play it now. Otherwise I dont see much right now. If there were a lot of trades I probably wouldnt try. So far it has not crossed today.
Hi Bob

Lets face it even if it takes 3 to 4 months to recover, and the account was not blown the system has passed with flying colours. I think this month was the ultimate test, we survived therefore, hence the system is fool proof.

I want to avoid Volatile pairs as well as the ones which have a tendency to trend without retrace (e.g. USDCAD). At present I am trading the following pairs:
AUDCAD, AUDNZD, AUDUSD, AUDJPY, EURCAD, EURCHF, EURGBP, EURUSD, EURJPY, GBPUSD, GBPJPY, NZDJPY, NZDUSD, NZDCHF, CHFJPY, USDJPY, USDCHF.

I would be most grateful if you could give me your opinion regarding the above (any additions or removals).

Kind Regards
  • #1,716
  • May 28, 2010 10:33am May 28, 2010 10:33am
Quoting astral77
EURCHF
Hi Astral!

I'm a bit suprised here with EURCHF... Don't you trade GBPCHF instead?

Cheers,
  • #1,717
  • May 28, 2010 11:32am May 28, 2010 11:32am
Quoting astral77
Hi Bob

Lets face it even if it takes 3 to 4 months to recover, and the account was not blown the system has passed with flying colours. I think this month was the ultimate test, we...
I agree... I think it was quite an interesting month. Not too many are this interesting!
We are our own best indicator.
  • #1,718
  • May 28, 2010 12:17pm May 28, 2010 12:17pm
Quoting roachroach
Hi Astral!

I'm a bit suprised here with EURCHF... Don't you trade GBPCHF instead?

Cheers,
recently EURCHF has been more volatile than GBPCHF. But bob has this as slow pair. That is why I am asking for some guidance from him. Things have changed somewhat since the printing of the manual.

Kind regards
  • #1,719
  • May 28, 2010 5:53pm May 28, 2010 5:53pm
Quoting astral77
recently EURCHF has been more volatile than GBPCHF. But bob has this as slow pair. That is why I am asking for some guidance from him. Things have changed somewhat since the printing of the manual.

Kind regards
The distance from top to bottom Eur/Chf is 640 gbp/chf 760. Usually gbp/chf is twice what eur/chf is normally but gbp/chf is much more volatile than the eur/chf. The eur/chf will usually have one or two big spikes a week and then do nothing the rest of the week.
  • #1,720
  • May 28, 2010 6:37pm May 28, 2010 6:37pm
Quoting nanningbob
The distance from top to bottom Eur/Chf is 640 gbp/chf 760. Usually gbp/chf is twice what eur/chf is normally but gbp/chf is much more volatile than the eur/chf. The eur/chf will usually have one or two big spikes a week and then do nothing the rest of the week.
Thanks very much, that is what I thought. We can take the distance from ttop to bottom to gauge the present level of volatility.
Kind Regards
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