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Nanningbob 4H trading system

  • #1,921
  • Jun 23, 2010 7:35pm Jun 23, 2010 7:35pm
Quoting nanningbob
I am thinking of resting the MPTM for this and adding some of my trend trading thoughts. We could set the MPTM for trend trades (specific magic numbers and let the 40 MA BB bands be separate deal. You will see this when I add the TP EA to this system...
That is a good idea, mPTM had its +ve and -ve sides. On the +ve side it made a lot of pips on market fluctuations, so in theory it could make 100 pips where the price was moving in a 30 pip band. On the other had when we had a large move it could lose pips by closing and opening and in the process losing the spread pips which in some pairs such as AUDNZD could have been over 12 pips. I am anxiously waiting for your next master piece.

Kind regards
  • #1,922
  • Edited 7:54pm Jun 24, 2010 6:28pm | Edited 7:54pm
Eliminated a lot of DD and took out some extra levels today so that was good. Gotta go teach.

RESULTS
aud/jpy -81 decided to close this one out
eur/gbp +29
gbp/nzd +72
nzd/jpy -44 had a BE but missed it
nzd/usd -97 +76
Sells
eur/cad PR
Buys
Aud/Nzd PR forgot to put the EA on maybe 15-25 pips
Cad/Chf PR not entered yet
Cad/jpy PR

STILL IN OR REENTERD
aud/cad -333 2L -192 L3 -80
cad/chf -63
chf/jpy -191
gbp/usd +14
nzd/cad -360 2nd L -177 3L +14
nzd/usd -265 2nd L 0
USD/JPY -29

TOTALS
total for day -45
for the week +355
for the month +1729
Carry over - 1662
  • #1,923
  • Jun 24, 2010 11:24pm Jun 24, 2010 11:24pm
got rid all by DD this week, made a measily 5 pips or something, but considering at one time I was down 300+ pips, this is a good result.

another successful application of the 2.4.2 system.
  • #1,924
  • Jun 25, 2010 1:57am Jun 25, 2010 1:57am
Quoting scottik187
got rid all by DD this week, made a measily 5 pips or something, but considering at one time I was down 300+ pips, this is a good result.

another successful application of the 2.4.2 system.
Sure beats taking stop losses.
  • #1,925
  • Edited 7:47am Jun 25, 2010 7:34am | Edited 7:47am
Quoting nanningbob
Sure beats taking stop losses.
I have been reading FF, TSD and other forums for over 2.5 years and what is for certain is that the brokers hunt SL as a matter of routine. If you do not believe me go to http://www.forexfactory.com/showthread.php?t=70582 for details of the virtual dealer plug in offered by MT4.

Kind regards
  • #1,926
  • Jun 27, 2010 5:41pm Jun 27, 2010 5:41pm
I forgot to post my Friday results. Sorry. I have version 5 book about half finished so getting there. A handful of new trades, and took some small profits. Now that the G20 meetings are done maybe the market will release itself and unwind a bit. If I get rid of this DD it will end up being a nice month even though it was very tough to trade. See you tomorrow.

RESULTS
Cad/jpy PR +25
gbp/usd +46
nzd/usd +33
Sells
gbp/usd PR
eur/usd PR
chf/jpy 2nd
aud/usd 2nd
Buys


STILL IN OR REENTERD

Aud/Nzd PR -46
aud/cad -341 2L -200 L3 -87
cad/chf -90
chf/jpy -191 2ndL at MA cross
eur/cad PR -72
nzd/cad -373 2nd L -190 3L +0
nzd/usd -372 2nd L 0
USD/JPY -55

TOTALS
total for day +104
for the week +459
for the month +1833
Carry over - 2027
  • #1,927
  • Jun 27, 2010 10:57pm Jun 27, 2010 10:57pm
Here are some of my views on EAs so you can better understand where I come from at times. A debate on another thread.

That's a very limited view. An EA can use time, open of sessions, breakouts, key levels which are not at all indicators.

Time, so let me ask you, you enter at 300 every day? Time may determine when you want your EA to turn on or off but it does not determine how you enter a trade. If you say I do a buy every day at 300 on the EUR/USD no one would take your method seriously. It is not an indicator used to determine your entrance or exit. Same with open sessions, what do you have an EA that says do a sell every day on the GBP USD at the beginning of the USA session?? No one would take that seriously either Again it does not determine entrances or exits only when you want the EA to come on or off. It is an irrelevant to the debate.

Breakouts would be based on previous highs and lows based on some indicator. If the present high is greater then the previous candle high (attach any time frame I dont care) could be written in the code as this: if Bid is greater than the 1 Moving Average High of the previous candle then enter a buy. That is one way an EA is coded to do that trade. If your criteria is different than that, it still takes some form of MA indicator to enter the trade. So you didnt understand how you would even code the EA to do that entrance.

Key levels are all determined by where groups of candles meet. I already told you how Pivots, Fibs are coded. Obviously you dont understand how those lines are determined in a programming code. When a programmer codes an EA, indicator, etc. there are determining factors which you have to write to make the event happen. Those factors are determined by MA averages and/or math formulas of those MA. That is how an EA is written. Those lines, bars, candles, etc. you see on the screen that move with time like MA, STO, MACD, etc. use MA in the code to determine their lines, bars, candles, etc. OR they fix those lines in time like Pivots, Fibs, etc. and they are set on the screen for a time period until enough new info comes in to change them. With FIbs its a newer high or low, with pivots its a new time period. That is how they are coded in an EA. You may not understand the guts of how an EA works but that is how a programmer has to look at it. What causes an EA to enter or exit a trade, some kind of math formula based on some kind of input of averages. That is how they work. Once you fix those in a code then the weaknesses of that coding procedure or formula will then pop up over time. So all EAs will have a weakness and can be beaten under certain market conditions. Some things just can not be coded.

So do I use EAs, yes, am I successful with them, yes, but I only use them under certain market conditions and turn them off when those conditions are not met. There are some things that just cannot be coded into a formula. That is the weakness of any and all EA systems. The key to successfully using EAs is to know their weaknesses and then deal with them and let the successful part just run. However, if you dont want to understand or acknowledge their weaknesses you will never be successful with them. That is my point. http://cdn.forexfactory.com/images/s.../yim/happy.gif


Another fallacy. The lagging indicators are derivatives of price. There are leading indicators, like fibs or S/R, which have nothing to do with averages.

You need to read a good article on how FIBS are designed. They are a math formula of a previous high and low on a high TF, that is a fact. The Math formula is an average of the points in between and then fixed in time. That is what a MA is. A math formula of previous information. A 5 MA is a math formula of the last 5 bars. A 10MA is math formula of the last 10 bars. A Fib is a math formula of the previous high compared to the previous low over a certain time period. That high and low is then entered into a math formula and the average is plotted on the screen as a line. The 23.6 line is a 23.6 % average of the high and low. The 50 line is a 50% average and so on. Those lines will change depending on the TF you use. I am not a fib guy once you understand what makes it work you realize it is nothing and has nothing to do with price or the future.

S/R are based on several different types of indicators. Some take the previous highs and lows that gather in a certain area and average them out to form a Support or Resistance line. (did you see the word average again). Others can be based on an indicator (which is designed on some math formula based on averages) and then draws a line. (Fractal S/R) Fractals are based on a math formula and draws a nice little dot or arrow on your screen when that math formula is met. When you are a programmer to make things work you have to come up with Math formulas and averages to do them. That is why my statement stands as stated. To write an EA you have to use indicators that are based on MA averages to make them work. Nothing you have said changes that statement.
  • #1,928
  • Jun 28, 2010 5:54pm Jun 28, 2010 5:54pm
Had a decent day. I am going to start using my profits to close out some of my DD. I am getting rid of the NZD/USD and 1L NZD/CAD. I see some possible iffy trades out there but nothing I liked so I am not planning on entering any new trades today. The CHF pairs are offering some stuff but dont like how it is moving right now. Put a nice dent in my DD though. I will look for a new entrance for NZD/CAD for my 2nd L later today.

RESULTS
Aud/Nzd PR +50
eur/cad PR +51
eur/usd PR +65
nzd/cad +66
nzd/usd -300 +56
nzd/cad -314
Sells

Buys

STILL IN OR REENTERD
aud/usd +3
aud/cad -316 2L -175 L3 -61
cad/chf -145
chf/jpy -281 +4
gbp/usd -65
nzd/cad -220
USD/JPY -55

TOTALS
total for day -326
for the week -326
for the month +1507
Carry over - 1311
  • #1,929
  • Jun 29, 2010 4:31pm Jun 29, 2010 4:31pm
Quoting nanningbob
Had a decent day. I am going to start using my profits to close out some of my DD. I am getting rid of the NZD/USD and 1L NZD/CAD. I see some possible iffy trades out there but nothing I liked so I am not planning on entering any new trades today. The CHF pairs are offering some stuff but dont like how it is moving right now. Put a nice dent in my DD though. I will look for a new entrance for NZD/CAD for my 2nd L later today.
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HI BOB

I have the same problem with the DD, got over confident and over traded following the fantastic results of 3 weeks ago and despite your advice delved into EUR and CHF pairs and ever since then trying to play catch up. The lesson learned is do not get over confident, do not enter too many trades and most importantly LISTEN TO BOB`S Advice.

Any update on the release of version 5? I am like a kid who has been promised a new playstation. Just can not wait.

Kind regards
  • #1,930
  • Edited Jun 30, 2010 12:11am Jun 29, 2010 5:53pm | Edited Jun 30, 2010 12:11am
Quoting astral77
HI BOB

I have the same problem with the DD, got over confident and over traded following the fantastic results of 3 weeks ago and despite your advice delved into EUR and CHF pairs and ever since then trying to play catch up. The lesson learned is do not get over confident, do not enter too many trades and most importantly LISTEN TO BOB`S Advice.

Any update on the release of version 5? I am like a kid who has been promised a new playstation. Just can not wait.

Kind regards
Version 5 is becoming a big project, it will have more ideas than 1-4 put together. I finally have a way to read the BB runner that plagued version 1. I am working on getting the EA to work properly sometimes it is entering sometimes not. Dont know why. The book part is halfway done but the most critical parts are finished with it except the Take Profit section. I also want to write a section on previous problem trades that are now easier to spot with the new system. I may have to put this thing out in sections because of its size. The other problem is I have Final exams this week and the beginning of the next week for the University I teach in and then I am done for the summer. So I spent yesterday doing grades instead of my little project. Any way I will start a whole new thread so we dont get all these things mixed up.
  • #1,931
  • Jun 29, 2010 6:24pm Jun 29, 2010 6:24pm
Lots of trades out there today so have fun.

 RESULTS
aud/cad 2L -17 L3 +48
aud/usd +108
chf/jpy +72
Sells
USD/CAD
eur/cad
Buys
USD/CHF (maybe dont like the chf right now some banker has a big mouth)
nzd/jpy
nzd/chf
gbp/chf
eur/gbp
cad/chf
cad/jpy
aud/jpy
aud/chf
STILL IN OR REENTERD
aud/cad -213
cad/chf -370
chf/jpy -252
gbp/usd -25
nzd/cad -181
USD/JPY -124

TOTALS
total for day +211
for the week -115
for the month +1718
Carry over - 1165
  • #1,932
  • Jun 29, 2010 6:54pm Jun 29, 2010 6:54pm
Quoting nanningbob
Version 5 is becoming a big project, it will have more ideas than 1-4 put together. I finally have a way to read the BB runner that plagued version 1. I am working on getting the EA to work properly sometimes it is entering sometimes not. Dont know why...
WOW!!! It seems Version 5 will be very comprehensive system covering every aspect of the trader`s activity in greater detail than previous versions. I am glad you are starting a new thread and we can finally say good bye to the annoying poll with its silly results (I now know why most thread masters do not opt for it), I do hope my fellow traders appreciate all your hard work and show it by giving the thread 5 star rating it deserves.

As far as the EA goes I am very annoyed that I have not got a clue in this regard and can not offer any input. If you are stuck it may be an idea to pm SteveHopwood and ask him to give a hand, I do know he has the highest regard for you and respects your depth of knowledge. I once asked him why he spends so much of his valuable time helping people with EAs and creating new EAs based on different strategies without asking for anything in return. He said that with each project in creating or improving an EA he obtains a better grasp and understanding of the dynamics of the forex market and that is rewarding enough for him.

kind regards
  • #1,933
  • Edited Jul 1, 2010 5:02pm Jun 30, 2010 6:33pm | Edited Jul 1, 2010 5:02pm
WOW that was an ugly day. Wasnt home for the fireworks so didnt get a chance to have a heart attack. US home sales down 30%, didnt see that one coming, usually the market is quiet before NFP but not today. I hate news driven markets, very unpredictable, not entering any more trades for now but going to look for my best exits and get out. If my 2nd levels can pick up 50 to 100 points between now and the beginning of the USA session I will be getting out. This is starting to look like OCT. 2008 all over again. I am setting all my trades for 0 losses at the TP and see what I can do. Not a good start for the month so looking to get out of as many trades today before NFP. Tonight could be more fireworks.

RESULTS
gbp/chf -90 2ndL +90
Sells

Buys

STILL IN OR REENTERD
aud/cad -251
aud/chf -265 2nd L 0
aud/jpy -173 2nd L 0
cad/chf -295 2nd L 0
cad/jpy -154 2nd L 0
chf/jpy -313 2ndL -84
eur/cad -249 2nd L 0
nzd/jpy -90
nzd/chf -202 2nd L 0
USD/JPY -233 2nd L -111

TOTALS
total for day 0
for the week 0
for the month 0
Carry over - 2420
  • #1,934
  • Jun 30, 2010 6:44pm Jun 30, 2010 6:44pm
June 2010 +1116 tough month to trade but we made profit.
2010 total +8598
  • #1,935
  • Jul 1, 2010 5:34pm Jul 1, 2010 5:34pm
I accidentally wiped out one days report. Instead of reply I edited and saved. My mistake. my report is above. Be prepared tonight to hedge your account if you cant close out some trades. I will decide what I will do about an hour or two before the USA open.
  • #1,936
  • Jul 2, 2010 1:03am Jul 2, 2010 1:03am
Here is a preview version of 5.0 This is not the final version but section 1. I want to post this part in a new thread but I need people to read and check it out first. It is 27 pages long but I think it will be exciting. If you have any comments or suggestions please send them to [email protected]. I will upgrade section 1 and then open a new thread for it. Once you see this you will understand why I want to start a new thread. Please try testing the EAs on a demo account both 4D and 5D and see how they perform.

Thanks guys,
Attached File(s)
File Type: zip PREVIEW V. 5.0.zip   1.6 MB | 544 downloads
  • #1,937
  • Jul 2, 2010 5:53am Jul 2, 2010 5:53am
Quoting nanningbob
Here is a preview version of 5.0 This is not the final version but section 1. I want to post this part in a new thread but I need people to read and check it out first. It is 27 pages long but I think it will be exciting. If you have any comments or suggestions please send them to [email protected]. I will upgrade section 1 and then open a new thread for it. Once you see this you will understand why I want to start a new thread. Please try testing the EAs on a demo account both 4D and 5D and see how they perform....
Thanks very much BOB. It does look exciting indeed. I will load it up on demo over the weekend and test it next week. you idea of combining the 6th indicator with BB is pure genius and as mentioned should reduce the DD and bad trades. The only side effect is less trades, however, it is better to have less trades which are winners rather than lot of trades which are losers.

I have been told that most professional traders will be more than happy with a profit of 200 to 250 pips a week. It may not look much but if you get it consistently week in week out it is 13,000 pips in a year say at 5 cents a pip on a $1000 account is a profit of $650.00 or 65% return. Will report any bugs. Have a great weekend.

Kind regards
  • #1,938
  • Jul 2, 2010 7:55am Jul 2, 2010 7:55am
NB, great job with version 5, adding BB to sixths is a simple stroke of genius.

few observations.

1- you can remove the following code to remove the invisible black line from sixths indi.


ObjectCreate("threesixth",1,0,TimeCurrent(),High[120]);
ObjectSet("threesixth",OBJPROP_COLOR,Black);
ObjectSet("threesixth",OBJPROP_STYLE,STYLE_SOLID);
ObjectSet("threesixth",OBJPROP_WIDTH,2);

2- try testing with the bbsqueeze indi, combining with the sixths, it gives a great hint regarding the direction of the price break. When the bands are squeezed markets are ready for a huge move, but it is very hard to tell which direction the market is going to break, usually there is a initial fake out ...
For me this is the greatest benefit of this system.

3- 4D mptm files need to be placed in proper folder.

Thank you sir for a wonderful effort.
WANT WHAT THE MARKET WANTS...
  • #1,939
  • Jul 2, 2010 8:06am Jul 2, 2010 8:06am
Quoting countex
NB, great job with version 5, adding BB to sixths is a simple stroke of genius.

few observations.

1- you can remove the following code to remove the invisible black line from sixths indi.


ObjectCreate("threesixth",1,0,TimeCurrent(),High[120]);...
I dont have that indi, if you could post it I will be happy to look at it.
  • #1,940
  • Jul 2, 2010 8:56am Jul 2, 2010 8:56am
here are a couple indis,
there are a few threads here and several websites selling systems based on them.
Attached File(s)
File Type: mq4 bbsqueeze.mq4   5 KB | 364 downloads
File Type: mq4 BB_Squeeze_Advanced_v2M3B.mq4   16 KB | 388 downloads
WANT WHAT THE MARKET WANTS...
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