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Nanningbob 4H trading system

  • #1,761
  • Edited 8:43pm Jun 4, 2010 9:09am | Edited 8:43pm
Closed out the cad/chf at profit and usd/jpy closed at 40 and went to bed. OK week with almost no DD, will take it.
RESULTS
cad/chf PR +50
usd/jpy PR +40
Sells
gbp/aud PR
gbp/nzd 2nd
usd/chf 2nd
The GBP trades are pretty good since it is weak but so are the nzd and aud. So we will see who is the weakest. Be careful of the usd/chf, that thing hasnt retraced much in weeks.
Buys
aud/cad 2nd
eur/cad PR not entered, and went to bed. It then crossed. If it gaps down it will be a trade setup. If it gaps up Monday then forget it.
eur/gbp PR

STILL IN
0
TOTALS
total for day +90
for the week +272
for the month +272
Carry over 0

PR=primary, 2nd=secondary[/quote]
  • #1,762
  • Jun 4, 2010 2:50pm Jun 4, 2010 2:50pm
Quoting nanningbob
Closed out the cad/chf at profit and usd/jpy closed at 40 and went to bed. OK week with almost no DD, will take it.
RESULTS
[color=DarkRed][color=black]cad/chf PR..
My results almost identically except I didn't do the GBPCHF & CADCHF trades.

I am trading this on 3 different accounts. Trying to get comfortable w/ new broker etc.. This is a good system and very intrigued...

My EA system got a bit of a drawdown Today which is good, at least some movement is good.
We are our own best indicator.
  • #1,763
  • Jun 4, 2010 8:52pm Jun 4, 2010 8:52pm
Here is the AUD/CAD trades for the last 3 weeks. We werent trading a couple of weeks ago waiting for the market to settle but now that it showed a successful primary trade #1 we are ready to trade again. #2-4 show secondary trades as price bounces off of resistance, there is divergance with Blue STO line, and the black line is below or at 15 line. Of course there are no guarantees but look for aud/cad to give you another 40-60 pips on a trade Monday unless it gaps out of range on you.
Attached Image (click to enlarge)
Click to Enlarge Name: aud cad.gif Size: 36 KB
  • #1,764
  • Jun 4, 2010 8:56pm Jun 4, 2010 8:56pm
Here is a eur/jpy trade that looks like a secondary because it keeps bouncing off of resistance but if you look at the chart there is no previous primary trade to base it on. So I am not taking his one even though it maybe a good trade. If the news out of the Euro countries werent so bad I probably would but, YUK. So I am not taking this one but will the aud/cad even though price action looks similar.
Attached Image (click to enlarge)
Click to Enlarge Name: eur jpy.gif Size: 33 KB
  • #1,765
  • Jun 5, 2010 8:08pm Jun 5, 2010 8:08pm
Hi Bob,
just trying to find your 2nd versions to download. Found 4th. On your recent trades are you using the 4H with 60x90? In the downloads are their the 4D and 5D versions for both real and demo accounts. Thanks.
soonerdkm
  • #1,766
  • Jun 6, 2010 4:20am Jun 6, 2010 4:20am
Quoting soonerdkm
Hi Bob,
just trying to find your 2nd versions to download. Found 4th. On your recent trades are you using the 4H with 60x90? In the downloads are their the 4D and 5D versions for both real and demo accounts. Thanks.
soonerdkm
Just 4D version, I will post a 5D version probably later this week. I took the version 2 off because of confusion talking about all the different versions. Ver.4 is an improvement in keeping you out of the middle of the screen with the 6ths indicator instead of using Bollinger Bands.
  • #1,767
  • Jun 6, 2010 11:19am Jun 6, 2010 11:19am
Hi,

Is anyone in the EUR/GBP trade? the EA opened up the trade on EUR/GBP and is 3 levels down? Any thoughts on this, should i hold on to it or start the recovery
  • #1,768
  • Jun 6, 2010 3:37pm Jun 6, 2010 3:37pm
Here is a pic of the recent movement. I labeled 3 spots where the 6x6 would have entered. All 3 gave you moves that would have profited 20-50 pips. Dont know why you would have entered at 1, maybe Support but the trade would have been minimum profit. When you came to 2 if you had a losing trade and the 2nd entrance would have given you a small loss or BE out. If you entered here you easily would have gotten 40-50 pips. You may think every trade is profitable but when you get close to BE you need to bring your SL up and prevent it from getting into a bad trade. #3 would have been minimum trade and now we are at a possible 4. I expect the euro to cross back up again but as has been reported for over a month now the Euro is in deep trouble and have posted several times only do sells. If you do a buy on the euro the profits are going to be small. So the next cross up get as much profit as you can and take the loss
Attached Image (click to enlarge)
Click to Enlarge Name: eur gbp.gif Size: 34 KB
  • #1,769
  • Jun 6, 2010 4:17pm Jun 6, 2010 4:17pm
Hey bob are you still working on the 60x90? or are you focusing mostly on the 4h? I have really liked this thread and the system seems rocksolid, keep uo the great work.
  • #1,770
  • Jun 6, 2010 5:57pm Jun 6, 2010 5:57pm
Quoting gustav213
Hey bob are you still working on the 60x90? or are you focusing mostly on the 4h? I have really liked this thread and the system seems rocksolid, keep uo the great work.
This is like a non automatic version of that one now. They both are based on the 6th indicator but this system filters trades by using the RWB indicator for signals to go in or out and a MA cross. The other enters automatically at certain levels. The strength of the other one is you get a lot more trades. Under normal market news stories and ranging markets it will work great. It will have trouble with long trend moves and super news stories.

This one tries to filter out the long trends and news stories by waiting for the MA cross. This system will filter out more of the bad trades but you wont get as many. What really makes this system work really well is the MPTM. I am working on version 5 now which will give you the one trade and either profit or hit the MPTM at +10. That is showing some promise. However, you still have to think and trade to use this system and too many traders want the easy way out and use an AUTO EA so they dont have to think.

Also, many of the guys here are using divergence on RSI to trade with this system and they are doing very well also. Fewer trades but much less risk.
  • #1,771
  • Jun 6, 2010 6:22pm Jun 6, 2010 6:22pm
took a sell on the usd/jpy on friday - took 88pips...however it looks like I should have held it right now.

anyways...can't be unhappy with that

With the touchyness of the market right now I'm barely trading...only making trades on really overbought/sold pairs, and staying away from buying the AUD, CAD, NZD and even the EUR...to much fear and negativity around.
  • #1,772
  • Jun 6, 2010 6:58pm Jun 6, 2010 6:58pm
Quoting scottik187
took a sell on the usd/jpy on friday - took 88pips...however it looks like I should have held it right now.

anyways...can't be unhappy with that

With the touchyness of the market right now I'm barely trading...only making trades on really overbought/sold pairs, and staying away from buying the AUD, CAD, NZD and even the EUR...to much fear and negativity around.
It is a tricky market right now and you need to know some basic fundamentals. For example all the European currencies are weak to some degree, so matched up against each other they make good trades. GBP/CHF, EUR/GBP, EUR/CHF (I dont trade this one too slow). I would avoid any European currency with the USD unless you are going strong on the USD. I would trade minors with minors like aud/cad, aud/nzd, etc. JPY is very tricky because the Bank of Japan likes to intervene but the new PM of Japan strongly supports a weaker Yen to get exports going again so you want to trade that way. But matched up with EURO currencies really makes is a crap shoot. I am poor on fundamentals but I will stay with basics, like interest rate changes and very strong news like we have in Europe right now. Still there are trades out there and I will try to tell what I know. So tread lightly, but it is giving me ideas for version 5 that I hope will protect us in these type of markets also.
  • #1,773
  • Jun 7, 2010 4:49am Jun 7, 2010 4:49am
Quoting fx_mak
Hi,

Is anyone in the EUR/GBP trade? the EA opened up the trade on EUR/GBP and is 3 levels down? Any thoughts on this, should i hold on to it or start the recovery
Same thing happened to me. Just missed my TP by like 1-2 pips and then went rushing down. I am only L2 at this point though and will hold.

I don't do recovery and will go much deeper in levels which is my strategy. I am holding.
We are our own best indicator.
  • #1,774
  • Jun 7, 2010 6:26am Jun 7, 2010 6:26am
hello nanningbob...I have downloaded all your indicators and EA's.using explore I can see all the EA's listed in the expert file and indicators in the indicators folder, but when I get to the navigator display none of the EA's are showing and cannot be attached, but all the indicators and templates work fine. The MT4 platform was turned off while downloading the files. I have even shut it down twice more with no luck...Help anyone, I'm using MB trading platform (ECN) with micro account..
  • #1,775
  • Jun 7, 2010 6:53am Jun 7, 2010 6:53am
Quoting sfg7th
hello nanningbob...I have downloaded all your indicators and EA's.using explore I can see all the EA's listed in the expert file and indicators in the indicators folder, but when I get to the navigator display none of the EA's are showing and cannot be attached, but all the indicators and templates work fine. The MT4 platform was turned off while downloading the files. I have even shut it down twice more with no luck...Help anyone, I'm using MB trading platform (ECN) with micro account..
If you have meta editor open the EAs up and hit the compile button. Hopefully that will make them show up. If you still have anyproblems, post again I will download a MB trading demo platform and see if I can find the problem.
  • #1,776
  • Jun 7, 2010 7:07am Jun 7, 2010 7:07am
Guys watch this story very closely. IF this happens you do not want to be in the market.

BERLIN (MNI) - The German Constitutional Court is weighing the possibility of imposing an interim order against Germany's participation in the E750 billion EU/IMF fiscal rescue package, German weekly Der Spiegel reported Sunday.
The magazine cited a letter from the President of the Constitutional Court, Andreas Vosskuhle, to, amongst others, the German government, the European Central Bank and the Bundesbank. The case involves a lawsuit filed against the rescue package by Peter Gauweiler, a lawmaker from Chancellor Angela Merkel's center-right CDU/CSU bloc.
An interim order by the court could temporarily forbid the German government from mobilizing the loan guarantees proposed under the EU package, Der Spiegel said. Germany's share of the EU measures amounts to up to E148 billion in guarantees.
According to the magazine, the German government in a statement to the Constitutional Court has warned that an interim order could lead to "a self-fulfilling expectation of a default" by fiscally ailing EU member states.
Moreover, the government remarked that the EU rescue package "is not a legally binding agreement under international law but only a political declaration of intent."
In addition to Gauweiler's lawsuit, three others have been filed at the Constitutional Court against the rescue package. Another lawsuit is to be filed next week, the magazine wrote.
  • #1,777
  • Jun 7, 2010 8:47am Jun 7, 2010 8:47am
Thanks for the reply NabbingBob
I opened meta editor and compiled every EA, with no errors/problems. Shutdown the platform, reopened the platform and the EA's are still hidding..
I am using a live mini account from MBtrading if that may be the problem? But EA's from other sites load up and wopk ok??
  • #1,778
  • Jun 7, 2010 8:51am Jun 7, 2010 8:51am
Hi FX_mark...I'm watching the pair, have gotten 3 swingman buy lines, but keep getting conflicting recommendations from another indicator, not ready to turn around just yet?? can make money scalping though...
  • #1,779
  • Jun 7, 2010 9:34am Jun 7, 2010 9:34am
Quoting sfg7th
Thanks for the reply NabbingBob
I opened meta editor and compiled every EA, with no errors/problems. Shutdown the platform, reopened the platform and the EA's are still hidding..
I am using a live mini account from MBtrading if that may be the problem? But EA's from other sites load up and wopk ok??

I think ECN like MB Trading you have to turn off the TP and SL. You can use the MPTM to add those after the trade is entered. So Go inside the EA, set the TP and SL to 0, compile and try again. If that doesnt work I will download a demo and try when I get up.
  • #1,780
  • Jun 7, 2010 9:43am Jun 7, 2010 9:43am
Quoting nanningbob
I think ECN like MB Trading you have to turn off the TP and SL. You can use the MPTM to add those after the trade is entered. So Go inside the EA, set the TP and SL to 0, compile and try again. If that doesnt work I will download a demo and try when I get up.
I have this running on IAMFX ECN. No problems. Sorry I can't help.
We are our own best indicator.
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