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Nanningbob 4H trading system

  • #1,981
  • Jul 12, 2010 7:36am Jul 12, 2010 7:36am
Quoting nanningbob
These are Steve's BB EA designed for this system. Need to know whether they work on ECN, 4 digit and 5 digit brokers...
Hi Bob

Thanks for all your hard work. Normally, Steve`s EAs recognize 4 or 5 digit brokers automatically and for ECN you have to change to ECN criminal TRUE (steve refers to bucket shop brokers as criminals). I presume we use these for both inside and outside BB and the 50pip TP is just a default suggestion.

Kind regards
  • #1,982
  • Jul 12, 2010 12:01pm Jul 12, 2010 12:01pm
Hi


i coded a variant of the Sixths Lines indicator, that you may find useful.

It draws the classic Sixths Lines: Gold and Green Lines, but also plots additional Blue Lines at the price extreme points (Sixths levels 0 and 6 in fact).

However, instead of plotting the lines as horizontal lines, which have no left/right limits, it plots trendlines, limited on the left to BarCount bars, so this shows what is the price period actually used to determine all Sitxhs lines, and it will also plot dashed lines for extensions of the Sixths lines in the "future", where the "present" is materialized by a vertical dot line that i called the "SixthAnchorTime" line.

As you will see, it plots this "SixthAnchorTime" line at roughly 4/5th of the screen time extent, so you can actually see the "future lines"on the right side.

These lines will track scrolling actions (at every new tick, though).
This allows to scroll along the chart and have the Sixths lines and Future lines updated to fit the part of the chart you are looking at.
This is nothing new, it is already in previous versions of the Indi; but i thought it would be worth mensionning, as you may feel like it is not updating sometimùes, but that's only because there is no new tick to "kick" the indicator...
So, over the week-end, it will simply NOT track your moves -- you'll have to kick it "manually" (ctrl-I, Edit, OK, Close).

You can zoom-in or zoom-out, the lines will keep their values based on the BarCount.

Here is 2 examples, with and without zooming-in;

"classic" zoom (~4 weeks of H4 bars on chart):
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-07-12_185137.gif Size: 22 KB


zoomed-out:
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-07-12_185731.gif Size: 23 KB


SQ
Attached File(s)
File Type: mq4 SIXTHS SQ.mq4   5 KB | 593 downloads
  • #1,983
  • Jul 12, 2010 12:29pm Jul 12, 2010 12:29pm
Just out of curiosity...


I've been playing with the Sixths Lines Indicator and the derived "Trade Direction Finder" indicator that we wrote with Steve (available on Steve's thread here: http://www.forexfactory.com/showpost.php?p=3849813 )

Looking at how the Sixths Lines are drawn, I noticed that it would just be another form of Stochastic oscillator...

Here is the thing:

the Sixths lines devide the screen into 6 identical price areas, taking the highest and lowest as extreme prices.
The "gold lines" are at 1/6 and 5/6 of price extent over the "screen duration".
The "screen duration" is approx. 120 bars, if we follow Bob's doc
-- ~4 weeks of H4 chart, that's 4*5*24/4 = 120 H4-bars.

We take as part of the trade signal the fact that price should be above(resp below) the higher(resp lower) gold line.
These lines are the result of the last ~120 bars price action.
And the gold lines are drawn at 16%(~1/6) and 84%(~5/6) of the price extent over these ~120 bars.

To me, this is quite the same as taking the STOCHASTIC(120bars) of the price line, and consider the 16 and 84 levels as the gold lines.

Try drawing a stochastic(120) (set %K=120, %D=1 and Slowing=1, and just show the main line).

You will clearly see that price crosses Sixths gold lines exactly when the stochastic(120) crosses the 16/84 levels.

Here is an example:

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-07-12_191538.gif Size: 22 KB


I also attached a template that will load the Sixth "future" indi and the sto(120).

SQ
Attached File(s)
File Type: tpl sq_nnbv5---with sto(120).tpl   7 KB | 429 downloads
  • #1,984
  • Jul 12, 2010 4:32pm Jul 12, 2010 4:32pm
Quoting squalou
Just out of curiosity...


I've been playing with the Sixths Lines Indicator and the derived "Trade Direction Finder" indicator that we wrote with Steve (available on Steve's thread here: http://www.forexfactory.com/showpost.php?p=3849813 )

Looking at how the Sixths Lines are drawn, I noticed that it would just be another form of Stochastic oscillator...

Here is the thing:

the Sixths lines devide the screen into 6 identical price areas, taking the highest and lowest as extreme prices.
The "gold lines" are at 1/6 and 5/6 of price...
The sixth line is based on the height of the chart. It is based on whatever formula MT4 is using for its screens. I do not know that formula. Other indicators (pivots, Fib. etc) use the previous high/low of price but the 6ths uses the high and low of the chart screen plus added distance to make the screen visually appealing. So it is the high and low of price action plus adding space above/below these two points based on the volatility of the pair being used.

The indicator is interesting you have created but is there a way to make it more visually appealing like the line crossing in the middle of the indicator rather than near the bottom?? That would make it easy to read and if we called that a 50 line the rule would be simple cross the 50 line up buy, cross the 50 line down sell, set TP just short of the next line, set SL just above the line you crossed. That indi could be an interesting development. Good work.
  • #1,985
  • Jul 13, 2010 1:56am Jul 13, 2010 1:56am
Quoting nanningbob
The sixth line is based on the height of the chart. It is based on whatever formula MT4 is using for its screens. I do not know that formula. Other indicators (pivots, Fib. etc) use the previous high/low of price but the 6ths uses the high and low of the chart screen plus added distance to make the screen visually appealing. So it is the high and low of price action plus adding space above/below these two points based on the volatility of the pair being used.

The indicator is interesting you have created but is there a way to make it more visually...
Hi Bob,


Are you talking about the green stochastic oscillator in the bottom part of the screenshot ?
That's just a regular Stochastic indicator, just like your blue and white stochastics in your docs, with the settings i mentionned (%K=120, %D=1, Smoothing=1, no color for signal line), along with 2 lines levels set to 16 and 84 -- that's probably close enough to the 15/85 of the white/blue stochastic to have this sto(120) plotted on the SAME sub-window actually...


If you're talking about the "Sixths Future" indi, then i have no way of making lines plot anywhere else than where the price line drives it.
In "standard V5 zoom" (4 weeks of H4 bars on the screen, first screenshot), then it is exactly the same as the previous Sixths indis, with the Blue lines in addition (and future dashed lines).
When zoomed out, these will be drawn wherever price is.

Perhaps i misunderstood your question ?
Please clarify if this is the case.


As for entering + setting the TP and SL levels, we could very well use the Gold line crossback on retrace to enter the trade (this idea was sent to me by PM lately) and use the next green line as TP and Blue as SL.
This gives us a somewhat "decent" constant R:R ratio of 1.
I have volontarily let the BB plotted too in the template, so we can see how price moves towards the opposite BB after the retrace, and see where price crosses first the green line, or the BB.
We could exit the trade when price hits the opposite BB, or the green line, whichever comes first.
If price does not retrace enough to cross the green line, then it will surely hit the BB because BB will narrow down as price action is slowing.
We could use the same for SL rule: hit blue line, or hit the opposite BB, whichever comes first -- yes, the same opposite BB as for TP rule: if price turns around after a small retrace only (we had a false signal), then the BB will continue in the same initial direction (trend continuation), and the opposite BB (down BB for a sell at high gold line) will cross price quite quickly, and probably not too far against us.

This is just my observation after having played with all these indis (blue stochs + stochastic MACD, and the moving SixthsFuture lines) for several days now.

I'm eeger to read your next (exit) rules chapters !

SQ
  • #1,986
  • Edited 6:06am Jul 13, 2010 5:53am | Edited 6:06am
Here is the Indicator that Steve Hopwood and I developped last week for the NNBv5 system.
We initially posted an earlier version of this indicator in "Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simon" thread).


Here is the "User's guide":

- put the .mq4 in your (MT4-platform)/experts/indicators folder;
- compile it, or close+restart MT4 to have it compiled;


- Recommended Chart is H4 (although it will give (different)signals on other TF).


It plots ENTRY SIGNAL ARROWS when NNBv5 system entry conditions are met;
It draws an "EXIT Line" showing the typical exit levels;
It draws the "SixthsFuture" Lines, as in Squalou's "SIXTHS SQ.mq4" indicator, so you won't need to load this Indi manually;

- ENTRY signals:
- price is beyond NNB's "Sixths Lines" Indicator's Gold Line (upper Gold for SELL, lower Gold for BUY)
- Blue Stochastic is >=85(SELL) or <=15(BUY)
- StochasticMACD (developped by Squalou) is >=85(SELL) or <=15(BUY)

This version does NOT yet use the BB25 lines in its Entry signals;

- EXIT Line:
- default is to use the NEAREST GREEN Line at the time of the FIRST signal;
AND the opposite BB25 line ("ExitOnOppositeBB=true")
- OPTIONALLY, the BB25 line can be ignored, the exit line will then be the initial Green Line alone.


This version is EXPERIMENTAL, it's purpose is to fit to Bob's system first, WHICH IS NOT YET COMPLETELY THE CASE, see how it performs visually, and find possible improvements.
It will include refinements/modifications based on Bob's and other's remarks.


I have also attached a template file (goes to (MT4)/templates folder) that will load all the NNBv5 indicators and this one as well.

You will notice that it load an extra stochastic(120) green line, with additional 33/66 green levels:
this is to illustrate one of my previous posts about the sto(120) and SixthsLines similarity:
- when price crosses the Sixths Gold line, the sto(120) will also cross the 15/85 gold levels;
- when price crosses the Sixth Green Line, the sto(120) will also cross the 33/66 Green levels;
This helps easily spot past Sixth Lines crossings on the chart without having to scroll the chart with the SixthFuture indicator loaded.


FOR THOSE WHO WANT TO USE THE INDICATOR INTO AN EA:

you can try this:


Inserted Code
//UP signals:

 upsignal = iCustom(NULL,0,"NNBv5 Signals - Sq and Steve's Indicator", 0/*SignalUP*/,0);
 if (upsignal != EMPTY_VALUE) your_buy_code_here(...);

 //DOWN signals:

 downsignal = iCustom(NULL,0,"NNBv5 Signals - Sq and Steve's Indicator", 1/*SignalDN*/,0);
 if (downsignal != EMPTY_VALUE) your_sell_code_here(...);
SQ
Attached File(s)
File Type: mq4 NNBv5 Signals - Sq and Steve's Indicator.mq4   17 KB | 778 downloads
File Type: mq4 StochasticMACD.mq4   3 KB | 667 downloads
File Type: tpl nnbv5_sq.tpl   7 KB | 548 downloads
  • #1,987
  • Jul 13, 2010 10:08am Jul 13, 2010 10:08am
Here is a preview to the first 3 sections. Grammar, spelling and clarifications have not been done yet but I am leaving for HK and I wanted everyone to get a chance to digest some of the things coming down. I am still working with Steve on getting each EA to work properly so that is the hold up right now. I am into section 4 and parts of section 5 have been written. Anyway please email me your comments, corrections etc. and I will try to get back to this when I get back from HK Saturday. Any changes or clarifications you recommend please use page numbers and which booklet you are referring to.
Attached File(s)
File Type: zip preview 5.1.zip   1.0 MB | 748 downloads
  • #1,988
  • Jul 13, 2010 10:23am Jul 13, 2010 10:23am
Quoting nanningbob
Here is a preview to the first 3 sections. Grammar, spelling and clarifications have not been done yet but I am leaving for HK and ...
Hi Bob

Thanks very much. Hope you have an enjoyable time in HK and get a chance to relax for a while (do not think of forex!!!). We will go through the text and report back to you.

Wishing you safe journey
  • #1,989
  • Jul 13, 2010 3:35pm Jul 13, 2010 3:35pm
This is a great accompanyment to Nanningbobs R,W,B indicator. Is there a way to add an email alert that is triggered when the line is painted on the chart?

Quoting pipernet
You're right. Bob has come up with some great trading ideas.

Here you go - swingman's indicator
  • #1,990
  • Jul 14, 2010 6:48pm Jul 14, 2010 6:48pm
Quoting squalou
Here is the Indicator that Steve Hopwood and I developped last week for the NNBv5 system.
We initially posted an earlier version of this indicator in "Steve Hopwood's Fib Target-level retracement auto-trader: compliments Simon" thread).


Here is the "User's guide":

...

[/code]SQ
Hi Bob,

got a few queries for the new version 5. With the MACD and BB band added the chart looks really complicated now. Will the new indicators provide a more accurate trade? I also notice the new ver5 has indicated buy and sell (gold lines) on the 2nd and 5th sections of the chart instead of the 1st and 6th previously. Any reason for that? I'm confused.

Regards,
Dave

ps: kudos to you and team who share your idea selflessly. You truly make the world a better place.
  • #1,991
  • Jul 15, 2010 3:52pm Jul 15, 2010 3:52pm
???? you change from MA to BB and the 6ths EA has not changed. The screen is basically the same except for that one change. You start your entrances higher up or lower down off of the BB than waiting for the MA cross. I dont understand why you would be confused. Am I missing something?? The new chanllenge is learning to read the BB.

Quoting orionhan
Hi Bob,

got a few queries for the new version 5. With the MACD and BB band added the chart looks really complicated now. Will the new indicators provide a more accurate trade? I also notice the new ver5 has indicated buy and sell (gold lines) on the 2nd and 5th sections of the chart instead of the 1st and 6th previously. Any reason for that? I'm confused.

Regards,
Dave

ps: kudos to you and team who share your idea selflessly. You truly make the world a better place.
  • #1,992
  • Jul 15, 2010 3:59pm Jul 15, 2010 3:59pm
I am in HK and will return Saturday. I am going to post Version 5 on a new thread starting Sunday. I will use the older version EA until I can get all of Steve's EAs working. Then I will make that switch. I will have the complete sections 1-3 done and hopefully put the final touches of sections 4 and 5 later in the week. Obviouslly this is taking longer than I had planned but I am seeing some neat stuff as I learn how to use the system.
  • #1,993
  • Jul 15, 2010 4:38pm Jul 15, 2010 4:38pm
Quoting nanningbob
I am in HK and will return Saturday. I am going to post Version 5 on a new thread starting Sunday. I will use the older version EA until I can get all of Steve's EAs working...
Hi BOB

I have read the files couple of times and with the exception of few typos I can not locate any mistakes. As always it is well written and clear for all to understand. As for Steve`s EAs, despite loading them on a few charts I have not had them entering any trades (Both sell & Buy, inside and outside BB)!!! I do not know what is wrong. Has anyone had the same problem?

Kind Regards
  • #1,994
  • Jul 16, 2010 12:08pm Jul 16, 2010 12:08pm
Hi Bob,

i am not here to contribute to the on going technical discussions pertaining to the newly released version 5. i simply just want to say a BIG THANK YOU once more. this is my second time of doing this. i have refused trying out any other system since i discovered yours 4 months ago because i believe its the best out there as it gives me the best idea of buying at the bottom and selling at the top so that most times, i am out with profits by the time others are just thinking of getting in. i use it with trendlines derived from the mouteki indicator and i tell u something, its a killing near perfect system. the only stress which i think is not perculiar to this system are those periods the market is exclusively driven by news/sentiments.they happen infrequently but one has to remain prepared by remaining cautious with lot sizes. the people voting down this system are either insane or just drunk. only if they know the goldmine they are trampling upon! all the best man and tanx for making consistent profiteering in forex a reality for me. up till april this year, i thought this was an impossibility!!!
  • #1,995
  • Jul 16, 2010 3:35pm Jul 16, 2010 3:35pm
Quoting squalou

FOR THOSE WHO WANT TO USE THE INDICATOR INTO AN EA:

you can try this:


Inserted Code
//UP signals:

 upsignal = iCustom(NULL,0,"NNBv5 Signals - Sq and Steve's Indicator", 0/*SignalUP*/,0);
 if (upsignal != EMPTY_VALUE) your_buy_code_here(...);

 //DOWN signals:

 downsignal = iCustom(NULL,0,"NNBv5 Signals - Sq and Steve's Indicator", 1/*SignalDN*/,0);
 if (downsignal != EMPTY_VALUE) your_sell_code_here(...);
SQ
Hi Squalou,
Many thanks for your code. I am incorporating it into an EA and I just wanted to know how I should define the variables upsignal and downsignal. Is 'double' ok?

Thanks
Noodles
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #1,996
  • Jul 16, 2010 7:38pm Jul 16, 2010 7:38pm
My question would be simply this. Are you able to make the visualization an easier read? The lines are bouncing off of the bottom, if the crossing lines were more in the middle of the indicator it would be an easier read. I understand on a long trend like that though the lines would be where they are.

Thnks,

Bob

Quoting squalou
Hi Bob,


Are you talking about the green stochastic oscillator in the bottom part of the screenshot ?
That's just a regular Stochastic indicator, just like your blue and white stochastics in your docs, with the settings i mentionned (%K=120, %D=1, Smoothing=1, no color for signal line), along with 2 lines levels set to 16 and 84 -- that's probably close enough to the 15/85 of the white/blue stochastic to have this sto(120) plotted on the SAME sub-window actually...


If you're talking about the "Sixths Future" indi, then i have no way of making...
  • #1,997
  • Jul 17, 2010 10:25am Jul 17, 2010 10:25am
http://www.forexfactory.com/showthre...38#post3881138

Version 5 is posted
  • #1,998
  • Jul 17, 2010 12:22pm Jul 17, 2010 12:22pm
I don't want to pollute the first page of your new thread so I'll post here.

Congratulations on what I'm sure will be another successful version of your system. Thank you and all the contributors for sharing this!!
  • #1,999
  • Jul 17, 2010 6:36pm Jul 17, 2010 6:36pm
Hi Bob...downloaded the ver 5, but it downloads as php vile, cannot open the file..can yoy save it as pdf or other text file..
thans for all your hard work
  • #2,000
  • Jul 17, 2010 11:50pm Jul 17, 2010 11:50pm
Quoting sfg7th
Hi Bob...downloaded the ver 5, but it downloads as php vile, cannot open the file..can yoy save it as pdf or other text file..
thans for all your hard work
Hi sfg7th,
Use the PAPER CLIP icon next to the thread numbering to download the file.
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