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Trendline Scalping 4hr timeframe

  • #321
  • Edited 2:18am Jul 25, 2010 2:01am | Edited 2:18am
guys nn is finally up

Once connected it will auto update itself with upcoming trades

aplogies for the poor quality of the screen video i dont have time to learn camtasia.
i have also attached the text file for what was said in the video.

please read the readme file that comes with the zip

Inserted Video
Attached File(s)
File Type: zip dave486.zip   23 KB | 425 downloads
File Type: txt screentext.txt   1 KB | 366 downloads
  • #322
  • Jul 25, 2010 2:36am Jul 25, 2010 2:36am
Quoting david486
guys nn is finally up

Once connected it will auto update itself with upcoming trades

aplogies for the poor quality of the screen video i dont have time to learn camtasia.
i have also attached the text file for what was said in the video.

please read the readme file that comes with the zip

http://www.youtube.com/watch?v=DHRrIuMlMq8

thanks david i am trying it right now..to install
  • #323
  • Jul 25, 2010 2:57am Jul 25, 2010 2:57am
ok i have it up and running
  • #324
  • Jul 25, 2010 6:16am Jul 25, 2010 6:16am
dave, thanks for the video. can you explain what is nnclient and how this works ? i have oanda account. does it work with metatrader platform ?
  • #325
  • Jul 25, 2010 6:21am Jul 25, 2010 6:21am
Quoting roundrock
dave, thanks for the video. can you explain what is nnclient and how this works ? i have oanda account. does it work with metatrader platform ?
hey roundrock, it works on all platforms with 1-click execution orders.
how it works is it connects to my main nnhost which lists the trades. the trades will be visible through the nnclient and you can choose to autoexecute them if you wish. The way it autoexecutes is via mouse clicks and remembering where the buy and sell buttons are on your one click order window. so when my nnhost(which analyzses market for these trend patterns) lists a trade everyone who is connected can see that trade and auto trade it(when it hits the line on the 3rd bounce) if they choose. if you dont want to autotrade it you can just use it to view which trades i will be taking.

hope this helps
  • #326
  • Jul 25, 2010 8:09am Jul 25, 2010 8:09am
Dave great work! Looking forward to using it for the upcoming trading week! Thanks for all the time and hard work you put into this!

Greg
  • #327
  • Jul 25, 2010 8:16am Jul 25, 2010 8:16am
Quoting glc3344
Dave great work! Looking forward to using it for the upcoming trading week! Thanks for all the time and hard work you put into this!

Greg
your welcome greg!
  • #328
  • Jul 25, 2010 8:32am Jul 25, 2010 8:32am
Hello david, thanks to you for this.
  • #329
  • Jul 25, 2010 9:01am Jul 25, 2010 9:01am
Hey dave, I'm unclear how the program finds trades. Does it somehow look on the chart for trendlines? Right now the program connects and displays "no pending trades, window will autoupdate". I tried drawing trendlines but it doesn't matter.

Also, in the readme.txt file you talk about "trade layouts". Where are these actually specified? Are they stored in a file? Attached to drawn trendlines?
You are in a maze of twisty little passages, all alike.
  • #330
  • Jul 25, 2010 9:08am Jul 25, 2010 9:08am
Quoting stevegee58
Hey dave, I'm unclear how the program finds trades. Does it somehow look on the chart for trendlines?
hello stevegee58, i had same q but then re-read davids post where he say "how it works is it connects to my main nnhost which lists the trades." and "so when my nnhost(which analyzses market for these trend patterns) lists a trade everyone who is connected can see that trade"
so i think we are connect to david nn and when it find trade it tell us
  • #331
  • Jul 25, 2010 9:24am Jul 25, 2010 9:24am
Actually if the basic system is trading trendline bounces with a fixed SL/TP then autotrading is fairly straightforward. There are several trendline EAs out there that work pretty well. You just draw the trendline and name it a certain way so the EA can find it. Then when price gets near the trendline the EA enters according to the strategy you select (i.e. limit order at trendline, or bounce of so many pips after touching the trendline.)

I don't quite see what a NN gets you.
You are in a maze of twisty little passages, all alike.
  • #332
  • Jul 25, 2010 9:54am Jul 25, 2010 9:54am
Quoting stevegee58
Actually if the basic system is trading trendline bounces with a fixed SL/TP then autotrading is fairly straightforward. There are several trendline EAs out there that work pretty well. You just draw the trendline and name it a certain way so the EA can find it. Then when price gets near the trendline the EA enters according to the strategy you select (i.e. limit order at trendline, or bounce of so many pips after touching the trendline.)

I don't quite see what a NN gets you.
I dont have to stare at charts, draw trendlines and screw around with an EA. Thats the advantage.
  • #333
  • Jul 25, 2010 10:16am Jul 25, 2010 10:16am
Thanks a lot david!!!
  • #334
  • Edited 10:50am Jul 25, 2010 10:19am | Edited 10:50am
Quoting glc3344
I dont have to stare at charts, draw trendlines and screw around with an EA. Thats the advantage.
I understand the sentiment, but drawing trendlines on an H4 chart and running an EA to catch the trend continuations might require 4 hours/week at the most.
You are in a maze of twisty little passages, all alike.
  • #335
  • Jul 25, 2010 10:54am Jul 25, 2010 10:54am
Hi , I am new to your tread . can you summarise the trading methodlogy so I can follow ? example :-

1 ) ideal timeframe
2 ) entry level
3 ) exit level
4 ) SL level ( hard SL ? )
5 ) TP level ?

Cheers
  • #336
  • Jul 25, 2010 11:22am Jul 25, 2010 11:22am
Quoting stevegee58
I understand the sentiment, but drawing trendlines on an H4 chart and running an EA to catch the trend continuations might require 4 hours/week at the most.
What exactly is the point you are trying to make...discredit the NN?
You are advocating the use of an EA..the thread owner is givng what he has been using sucessfuly..are both not automated trading in a way? so i wonder what the fuss is all about...

Let's be constructive and add value to things rather than draw up unnecessary argument..if you have a point to make, pls make it without drawing a bad air of someone else...NN has not even been tested yet and its already been attacked....perhaps you are one of the ''big boys''..lol
God's Love For You Is Sure Never You Doubt It
  • #337
  • Jul 25, 2010 11:46am Jul 25, 2010 11:46am
Quoting D liberators
What exactly is the point you are trying to make...discredit the NN?
You are advocating the use of an EA..the thread owner is givng what he has been using sucessfuly..are both not automated trading in a way? so i wonder what the fuss is all about...

Let's be constructive and add value to things rather than draw up unnecessary argument..if you have a point to make, pls make it without drawing a bad air of someone else...NN has not even been tested yet and its already been attacked....perhaps you are one of the ''big boys''..lol
Far from it. I have yet to see a NN that actually works consistently for trading, that's all. I'm looking forward to hearing how the NN actually works. I'm just leery of black box implementations, that's all.

The OP's original system is good, however. My suggestion of trading it with EA isn't far-fetched. It's not fully automatic since you have to keep drawing trendlines. So it's up to you what trends you see. The EA would just initiate trades and manage them based on your hand-drawn trendline.
You are in a maze of twisty little passages, all alike.
  • #338
  • Jul 25, 2010 11:54am Jul 25, 2010 11:54am
What a good idea for sharing, thanks. I am not keen on autotrades but very grateful for connectivity in real-time.

A BIG thank you.

M
Be like water.
  • #339
  • Jul 25, 2010 12:11pm Jul 25, 2010 12:11pm
Do we trade with the trend ?
  • #340
  • Jul 25, 2010 12:12pm Jul 25, 2010 12:12pm
& if nobody help to answer my qestions , I am looking elsewhere .
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