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Nanningbob 4H trading system

  • #1,781
  • Jun 7, 2010 11:46am Jun 7, 2010 11:46am
nanningbob...couldn't change SL, access denied, tp already @ zero
  • #1,782
  • Jun 7, 2010 12:41pm Jun 7, 2010 12:41pm
MB Trading is a 5 digit broker. I will have to post a 5D version. Will do tomorrow some time.
  • #1,783
  • Edited 6:26pm Jun 7, 2010 6:08pm | Edited 6:26pm
Not much happened. Dont like the looks of the euro or the news coming out so removed all euro trades off the board. added some gbp and some aud.
RESULTS
eur/cad PR +10 try again today
Sells
gbp/aud PR ( EA not entered)
gbp/nzd 2nd ( EA not entered)
gbp/chf 2nd

Buys
aud/cad 2nd ( EA not entered)
aud/chf 2nd
aud/jpy 2nd
aud/usd 2nd
nzd/cad 2nd
nzd/chf 2nd
nzd/jpy 2nd
nzd/usd 2nd
I wouldnt take all of these but 1 or 2 or each group maybe good. If you get entered but they break that support line, just take the loss, dont try to do recovery trades. The commodity currencies are not going to be strong right now but these are good short term trade setups. Get your 50 pips and run type of thing.
STILL IN
usd/chf 2nd -35
TOTALS
total for day +10
for the week +282
for the month +282
Carry over -35

PR=primary, 2nd=secondary
  • #1,784
  • Jun 7, 2010 7:38pm Jun 7, 2010 7:38pm
I hope to finish version 5 to my system. I am satisfied with my testing and will be adding some extra features and explanations. As you know I tried a follow the trend thread earlier and I have not abandoned that thought but I now think I can add that to this system. It is a totally different approach and doesnt work off of highs and lows like the previos one did. The MPTM has changed a lot of things and I am learning how to use it better and better. My thought is this. I am thinking of starting a new thread because a lot of the previous material found here no longer applies. I also want to get rid of the stupid poll. I think that hurts people trying this system. Anyways, would you guys be OK if I start a new thread with version 5?? The additions would be a new type of EA cross, using a hedge, following a trend after you traded the counter trend, and getting rid of the dumb poll. Any thoughts. I will add a 4D and 5D version and both can easily adapt to ECN platforms. The time frame for all of this will be about 10 days. Let me know what you think?
  • #1,785
  • Jun 7, 2010 7:55pm Jun 7, 2010 7:55pm
Quoting nanningbob
I hope to finish version 5 to my system. I am satisfied with my testing and will be adding some extra features and explanations... would you guys be OK if I start a new thread with version 5?? ... and getting rid of the dumb poll. Any thoughts. I will add a 4D and 5D version and both can easily adapt to ECN platforms. The time frame for all of this will be about 10 days. Let me know what you think?
VERY GOOD IDEA. I have made my feelings regarding the poll very clear. Last year I was one of those daft traders who looked at this thread and thought, too complicated, too risky, too long and too slow (if that makes sense). Since going live with NB 4h System in March I have been up in my trades every month and IMHO this system is one of the best (if not the best) in FF.

You have made life very easy for me and many traders like me, we will follow you anywhere.

Kind regards
  • #1,786
  • Jun 7, 2010 8:28pm Jun 7, 2010 8:28pm
Quoting nanningbob
I will add a 4D and 5D version and both can easily adapt to ECN platforms. The time frame for all of this will be about 10 days. Let me know what you think?
hey nanning, i would be glad that we will have a new thread, to continue with v5, as this thread have too much old info.. and all

i can't wait for your new v5..
  • #1,787
  • Jun 7, 2010 11:54pm Jun 7, 2010 11:54pm
Hi Nanningbob,
I recently started using the V4 system (was using the 3x3 first) which uses the MPTM. I'm demo trading with MT4 with Alpari uk and FXDD simultaneously. I notice that Alpari uk which is a 5D broker, i keeping getting the error message "jump stop function failed..." It rearly sets the jumpstop. I dont have this problem with FXDD (4D broker)I rearly get that error message. What is the reason for this?


Also, I'm trying to think of the best way of using the MPTM but I HATE how it kicks you out of a trade that may be going your way. What is the best way to trade using the MPTM?
LEARNING HOW TO FISH SO I CAN FISH FOREVER
  • #1,788
  • Jun 8, 2010 1:49am Jun 8, 2010 1:49am
Quoting Mixer
Hi Nanningbob,
I recently started using the V4 system (was using the 3x3 first) which uses the MPTM. I'm demo trading with MT4 with Alpari uk and FXDD simultaneously. I notice that Alpari uk which is a 5D broker, i keeping getting the error message "jump stop function failed..." It rearly sets the jumpstop. I dont have this problem with FXDD (4D broker)I rearly get that error message. What is the reason for this?


Also, I'm trying to think of the best way of using the MPTM but I HATE how it kicks you out of a trade that may be going your way....
The MPTM must also be set for a 5D broker also so check that first. I have demoed several companies and some will get this more than others. I have quit using the jump function and only use the BE function. I just didnt get enough to justify its usage or lots of error messages. In other words if it doesnt hit the +10 I will usually get the +50 or +100 and seldom got the inbetween.

From reading the MTPM forum I think the problem is too many messages being sent to the server at once. For example you may have one EA sending a Buy or Sell signal, The MPTM sending a BE signal and now your adding a Jump signal. If this is happening with several currencies at one time it maybe too much for the system but that is no a sure conclusion. Once the sever sends the trade context is busy or some other message back it backs up all the signals. Just my best guess on that one. Some MT4 companies servers are better than others.

I may try using several MPTM, I mean you only need a blank screen to use them. So set at one +10 @ 20, another at +25 @ 50 and so on. That may work better than the Jump function and using 1 MPTM. This way each MPTM EA is assigned one task to do instead of trying to handle several tasks on several currencies. That maybe the problem, one EA being assigned too many tasks on too many currencies.
  • #1,789
  • Jun 8, 2010 1:55am Jun 8, 2010 1:55am
"Also, I'm trying to think of the best way of using the MPTM but I HATE how it kicks you out of a trade that may be going your way...."

Again the purpose of the MTPM is to prevent a winning trade from becoming a losing trade. In other words I get some kind of profit. Since I am not home 8-12 hours a day I hated it knowing some currency pair had gone up 40 pips but when I get back home it is now -22. I rather get that +10 than deal with the negative trade that now maybe going against me. Then I may get the +10 and see it is +44 and I am out of the trade. Choose your poison.
  • #1,790
  • Jun 8, 2010 2:03am Jun 8, 2010 2:03am
Hi Nanningbob
Once again I want to thank You for all good stuff and hard work in all Your threads. I love Your systems. I am very curious of the new V5. Pleas bring it on
  • #1,791
  • Jun 8, 2010 6:00am Jun 8, 2010 6:00am
I'm all for a new version because it seem that you are dedicated to our future progress and you know what we need to progress in our trading. This is my second time around to this thread and have come to like it and be profitable. the first time I never took time to really learn and understand the system so kept skipping around looking for the GRAIL, now I think I have come very close to finding it. forget the poll, I wouldn't think it to be very accurate till someone has spent time learning the system and becoming profitable...KEEP UP THE GOOD WORK!!!!
  • #1,792
  • Jun 8, 2010 9:41am Jun 8, 2010 9:41am
Bob this system has helped me a great deal so any thing you do at this point I'm all for.

Thanks
Moon
  • #1,793
  • Jun 8, 2010 10:06am Jun 8, 2010 10:06am
Hi Bob,

I learn your system and i use it for my small live trading and so far help me alot.

Do you turn your computer 24*5days? or you just turn on when you want to trade?

I asking because of the EA that build in. I like the trailing stop. Thank you
  • #1,794
  • Jun 8, 2010 11:36am Jun 8, 2010 11:36am
Looking forward to v5 and the new thread. Incorporating some trend analysis would certainly make sense IMO. I still think the biggest issue with the system as it stands, is taking large losses due to trying to identify turn-around points which don't materialize. I think taking small losses until the point that there is an actual reversal makes more sense. Again, look forward to any new ideas you have.
Disregard all prognostications.
  • #1,795
  • Jun 8, 2010 12:10pm Jun 8, 2010 12:10pm
Quoting nanningbob
I hope to finish version 5 to my system. I am satisfied with my testing and will be adding some extra features and explanations. As you know I tried a follow the trend thread earlier and I have not abandoned that thought but I now think I can add that to this system. It is a totally different approach and doesnt work off of highs and lows like the...
Bob,

Very good idea on following the trend (as markets like this we just get drawdown), but if you have proper margin, you can make a bit when it bounces back to the fib retraces!

So far I am live EA system (stop gap version) and up about $105.73 off of $3,000.00 after 8.5 days of trading: (puts me at about a 14% monthly)
http://www.mt4i.com/users/bluemele1/stats (does have drawdown, but I will use good MM to make profit on these trades)

I am also testing (demo) the stop gap EA on 5M & 15M. They are both profitable, but scary. I think 5M would work better than 15M, but you have to sit there on the computer and move too fast in my opinion. I am averaging about 200% per week on that account with a 50% drawdown. ECN required.

My manual trading system took a big hit right when I started a couple weeks ago so I am still being cautious and working my way out of that HOLE. Tough time to start... I was taking too many Secondary trades of the same currency (too many AUD pairs which got killed). I think I learned not to take too many Secondary trades of the same currency.

All-n-all, I think this system kicks booty.
We are our own best indicator.
  • #1,796
  • Edited 8:28pm Jun 8, 2010 6:17pm | Edited 8:28pm
I like Bob's system and trade it when I see divergence. Just thought I'd share something I've added to Bob's counter trading system to give me some trades with the trend. I figure instead of being afraid of only getting small retraces when trend is strong why not go with the flow.
Put a 200MA on a chart and look for good pinbar retracement towards the MA. Wait for good pinbars with an engulfing candle as the third candle. You can use Stoch. as a filter. Only take buys when Stoch. is coming out of OS area and sells when coming out of OB area. Chart below shows a sell setup. Trend is down, pinbar formation and Stoch. coming out of OB area.
Attached Image (click to enlarge)
Click to Enlarge Name: pb.gif Size: 21 KB
  • #1,797
  • Jun 8, 2010 6:33pm Jun 8, 2010 6:33pm
Interesting day for me. Made some mistakes by not turning the EA button back on after one of my trade checks. Cost me a lot of pips even though I had a decent day. All the gbp pairs made bigger moves than +100 so setting my TP was not big enough. Still it was a good day, could have been a big day
RESULTS
gbp/aud PR When all the other gbp pairs dropped and this pair did not I turned off the EA. However, it did drop later but not for me 0 pips.
gbp/nzd 2nd +100
gbp/chf 2nd +100
usd/chf 2nd +13 I didnt like the looks of this trade and it was profitable. The MPTM had not kicked in yet and I was afraid of a whiplash move. I closed it here at +13. Later it made a nice down move but for me I was happy with something.

all the aud and nzd would have made something but I ended up not getting any of them. I didnt have the EA on when they would have entered. I had checked my trades and turned my EA off while I made some changes and forgot to turn it back on so no trades for me.
aud/cad 2nd ( EA not entered)
aud/chf 2nd
aud/jpy 2nd
aud/usd 2nd
nzd/cad 2nd
nzd/chf 2nd
nzd/jpy 2nd
nzd/usd 2nd

Sells


Buys
eur/cad PR Only trade I see.
If the aud, nzd, and gbp pairs uncross I may turn the EAs on again. Looks like a quiet day for me.
STILL IN

TOTALS
total for day +213
for the week +495
for the month +495
Carry over 0

PR=primary, 2nd=secondary
  • #1,798
  • Jun 8, 2010 6:47pm Jun 8, 2010 6:47pm
Quoting bluemele
Bob,

Very good idea on following the trend (as markets like this we just get drawdown), but if you have proper margin, you can make a bit when it bounces back to the fib retraces!...
Following the the trend is a very tricky proposition. It is why most traders dont make money. Every trend following system I know gets whiplashed into SL heaven. However, I think I found some places you can add some trades and they look good. Toothman had a great post on a certain trade you can look for and take. Trading anywhere in the middle of a chart someplace can be a real challenge. There are thousands of follow the trend threads here but they seldom last. There are a couple of good threads but you end up sitting at the computer all day, then you get tired, make mistakes, etc. etc. The difficulty in trading the market right now is, it is very news touchy. No matter what system you use it is a tough market to trade. Secondary trades make good money because you get bigger moves than Primary trades.
  • #1,799
  • Jun 8, 2010 6:50pm Jun 8, 2010 6:50pm
Quoting Toothman
I like Bob's system and trade it when I see divergence. Just thought I'd share something I've added to Bob's counter trading system to give me some trades with the trend...
Thanks for sharing toothman. Your contribution is always valued. I would be most grateful if you could have a look at this indicator and give us your opinion. I found it in another thread here at FF and it seems to be smoother than RSI.

Although Bobs system has proven itself through thick and thin, there is no reason not to look for improvements. Bob is constantly refining his system. I know what pidgeon says regarding large -ve balances and in such instances Bob advocates the use of the Hedge. Although I used his method few times I am still not 100% sure in its implementation. hopefully in the new thread this aspect of the system can be explored further. Recently i have started reading Shamus`s thread (Volume Spread Analysis), it utlizes the ticks in order to identify volume. I would be grateful if BOB and you could give us your thoughts about it.

Kind Regards
Attached File(s)
File Type: mq4 GH_JRSX_Divergence.mq4   14 KB | 294 downloads
  • #1,800
  • Jun 8, 2010 6:50pm Jun 8, 2010 6:50pm
Quoting Toothman
I like Bob's system and trade it when I see divergence. Just thought I'd share something I've added to Bob's counter trading system to give me some trades with the trend. I figure instead of being afraid of only getting small retraces when trend is strong why not go with the flow....
Great post, you are starting to think like me. I will be using the 200 MA and using my new EA for trend following trades. How did you know I would do that. Hmmmmmmmmm.
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