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Nanningbob 4h trading system ver. 5.0

  • #201
  • Jul 28, 2010 4:33am Jul 28, 2010 4:33am
My IBreakeven is not working properly. Does someone have a clean copy?
  • #202
  • Jul 28, 2010 4:54am Jul 28, 2010 4:54am
Try this one
Attached File(s)
File Type: mq4 I BREAKEVEN.mq4   6 KB | 533 downloads
  • #203
  • Jul 28, 2010 6:16am Jul 28, 2010 6:16am
Quoting macman
Try this one
Thats the same one I have.
It is reporting wrong on a couple of currencies for example it shows for GBP/USD -13821.4416 as the break even point and that is not right. The numbers for EUR/USD are wrong too while other currencies are correct. Have to find a different edition.
  • #204
  • Jul 28, 2010 6:34am Jul 28, 2010 6:34am
The indicator works fine with some MT4 and not others. So I have a problem with FXSol and this indicator.
  • #205
  • Jul 28, 2010 9:01am Jul 28, 2010 9:01am
Hi Bob,

I have been lead here by Steve, thank you for your system.

I found I prefer your documents in pdf format, and converted them for my own benefit. I thought there may be others that prefer them in pdf as well

I am attaching a zip file with the folders in exactly the same order you have them in the original file.

Hope thats ok.

Regards
Attached File(s)
File Type: zip NB_5.0Final pdf.zip   1.9 MB | 1,040 downloads
  • #206
  • Jul 28, 2010 1:45pm Jul 28, 2010 1:45pm
Quoting nanningbob
Thats the same one I have.
It is reporting wrong on a couple of currencies for example it shows for GBP/USD -13821.4416 as the break even point and that is not right. The numbers for EUR/USD are wrong too while other currencies are correct. Have to find a different edition.
Bob,
I"ve had that issue with that indicator since I moved to FX Sol UK. Here's the reply when I asked about this in the tech section.
"This indicator works on other platforms, so it's not the problem of the indicator but the problem of their MT4 platform which gives incorrect MarketInfo values (at least MODE_TICKVALUE). Eg. for EURUSD it should be 10 (10$ per 1 pip), for EURJPY - 10.9266 etc. On FX Sol Au it's 0.0001 or 0.01 which is of course incorrect. So I think that you should first email their support and ask them to correct it.h. section." I called FX Sol and they didn't have a clue what I was talking about when I asked about mode tick value. Can you let us know if you figure this out. I really miss using that indicator.
  • #207
  • Jul 28, 2010 2:06pm Jul 28, 2010 2:06pm
Bob,
You mentioned earlier that FX Sol UK was a stop hunter. I'm not trying to defend them, they might very well be. But was wondering if you went back and compared the price feed of other brokers during those times you thought your stop was hunted? It may just have been the normal up and down flow of of price. I had something happen last night that gave me a little confidence in them. I was watching my L1 and L2 AUD/CHF trade to close them when I was at BE. As I closed the second of those two trades, I had a GBP/USD trade close all on it's own for a $155 dollar loss. Man was I upset. Their tech. support at first tried to blame it on the EA I had on the G/U chart. They then transferred me to their supervisor and she credited my account the $155 within 5min. She said it was possible my EA closed the trade but was still going to give me the refund. Can't think of any way the EA would have done this(no SL was set) unless there's some kinda bug in the #1 Sell 25BB.
  • #208
  • Jul 28, 2010 4:53pm Jul 28, 2010 4:53pm
This divergence trade ran some but didn't require a second entry. See post #166 for explanation of setup. Would have made you at least 50 pips. Remember, you're waiting to enter until the close of the confirmation candle. The one with the arrow above.
Attached Image (click to enlarge)
Click to Enlarge Name: 50.gif Size: 23 KB
  • #209
  • Jul 28, 2010 5:41pm Jul 28, 2010 5:41pm
Quoting Toothman
This divergence trade ran some but didn't require a second entry. See post #166 for explanation of setup. Would have made you at least 50 pips. Remember, you're waiting to enter until the close of the confirmation candle. The one with the arrow above.
Following your guidance I entered this trade and 10 hours later closed it for 35 pip profit. I was just wondering what method you use to spot the divergences. It must take some time to go through the 22 pairs, does it come with experience or do you use a short cut. I have Tried fractals to highlight swing highs and swing lows. Do you use any other indicators.

Kind Regards
  • #210
  • Jul 28, 2010 5:48pm Jul 28, 2010 5:48pm
Quoting Toothman
Bob,
You mentioned earlier that FX Sol UK was a stop hunter. I'm not trying to defend them, they might very well be. But was wondering if you went back and compared the price feed of other brokers...
The EAs have no SL or TP settings unless you add them. I left that up to the individual or the MPTM. So the EA donot close trades unless you put them in. I did this so I wouldnt have to make up EAs for each kind of platform. ECN versus non ECN, 5D vs. 4D and so on. The reason I call them SL hunters is the MPTM has almost a 100% hit rate versus about 60% with IBFX. I solve that problem by not using the MPTM so it doesnt matter at this point. They also were my first broker and 3 years ago they hit every SL I ever set so I switched to IBFX and used the same trades on both. IBFXwould not hit my SL on some trades but every single one did with FXSol. So I use very wide SL or none when I trade with them and its not a problem. Since I am a multi entrance trader I have solved that problem with any broker that has these type of settings in their playform or programming.

FXSol does have a good reputation of handling problems and their support staff is very good. That is one of their pluses, I also like their fixed spreads which keeps them from playing games with it like IBFX does at times. Either way my style of trading and my system is designed to get around brokers who play different types of games. MY SL area of 4-500 pips and multi level trading is a way to get around these type of programmings in platforms. So my system works because it gets around these type of issues with brokers.
  • #211
  • Edited 6:25pm Jul 28, 2010 5:52pm | Edited 6:25pm
Quoting astral77
Following your guidance I entered this trade and 10 hours later closed it for 35 pip profit. I was just wondering what method you use to spot the divergences. It must take some time to go through the 22 pairs, does it come with experience or do you use a short cut. I have Tried fractals to highlight swing highs and swing lows. Do you use any other indicators.

Kind Regards
Swingman posted a indicator several pages ago I plan on adding in a future update. It shows divergences for you until you learn to spot them. Neat indicator and very valuable. Most of my secondary trades are divergence trades.
  • #212
  • Jul 28, 2010 6:24pm Jul 28, 2010 6:24pm
Yesterday was a lessen my risk day. With NZD interest rate story coming out I wanted to BE on as many NZD trades as I could so was successful there. If I had stayed in would have been more profitable but as many of you know I tend to not risk interest rate stories especially when there is mention of changing them. Anyway the aud/chf made a nice move during the jpy session and I took it. It shows up as a +10 pip wise but my second L lot was twice my first L so money wise it was a nice trade. Took a bunch of little profits and reset my EAs to #3 for reentrances. See if that is a successful techniqe to trade. DD cut by 60% was more my goal. 1500+ pips in the first 10 days. I will take that. I am showing lots of possible trades but I expect most of them wont hit.
RESULTS
aud/cad +12
aud/chf +107 -97
aud/jpy +22
gbp/chf +14
gbp/jpy +2
nzd/chf +48
nzd/cad -10
nzd/usd -34
eur/chf +14
Sells
aud/cad #1
aud/chf #1
aud/jpy #1
aud/nzd #2
cad/jpy #1
cad/chf #1
eur/chf #3
gbp/chf #3
gbp/jpy #3
Buys
gbp/aud #1 did not enter
usd/cad #1
usd/jpy #1
STILL IN
aud/usd -39
eur/jpy -63
eur/usd -77
gbp/cad -125
gbp/usd -182 have #3 EA on looking for 2L
nzd/jpy, -27

TRADES NOT TAKEN YESTERDAY THE EA WAS NOT HIT
Sells

Buys

TOTALS
total for day +78
for the week +368
for the month +1525
Carry over -513

I will divide currency pairs into four major groups based on their percentage of times they will move over 300 pips in one week. Here are the 4 groups:

1.VERY VOLATILE GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK MORE THAN 75% OF THE TIME.
a. GBP/NZD, EUR/NZD, GBP/AUD, GBP/CAD, GBP/JPY
b. This group if you trade them you will want to use a reentery of 250 pips plus. This will be explained later in the 2.4.2 recovery system.
2.VOLATILE GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK MORE THAN 50% OF THE TIME
a.GBP/CHF, CAD/JPY, EUR/CAD, EUR/AUD, USD/CHF, GBP/USD, EUR/JPY
b. This group if you trade them you will want to use a reentery of 200 pips.
3.MEDIUM VOLATILE GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK MORE THAN 25% OF THE TIME.
a. NZD/JPY, AUD/CHF, AUD/JPY, USD/JPY, EUR/USD, NZD/CHF, CAD/CHF,
b. This group if you trade them you will want to use a reentry of 150-200 pips.
4. LOW VOLATILITY GROUP: THEY WILL MOVE OVER 300 PIPS IN ONE WEEK LESS THAN 25% OF THE TIME.
a. AUD/NZD, NZD/USD, CHF/JPY, AUD/CAD, USD/CAD, NZD/CAD, AUD/USD, EUR/CHF, EUR/GBP
b.This group if you trade them you will want to use a reentry of 150+[/quote]
  • #213
  • Jul 28, 2010 6:28pm Jul 28, 2010 6:28pm
Quoting sundog
Hi Bob,

I have been lead here by Steve, thank you for your system.

I found I prefer your documents in pdf format, and converted them for my own benefit. I thought there may be others that prefer them in pdf as well

I am attaching a zip file with the folders in exactly the same order you have them in the original file.

Hope thats ok.

Regards
Good job thanks.
  • #214
  • Jul 28, 2010 6:41pm Jul 28, 2010 6:41pm
Quoting nanningbob
Swingman posted a indicator several pages ago I plan on adding in a future update. It shows divergences for you until you learn to spot them. Neat indicator and very valuable. Most of my secondary trades are divergence trades.
Hi Bob,

I was going to add a PS to my last post but since you brought up the subject I am asking it here. Why toothman prefers RSI to MACD Divergence? What reason and what is the rationale behind it?

Going back to the subject of SL hunting, I was wondering if at some point in future Steve could be kind enough to add "Hide SL" to the EAs. I am testing his EAs in demo parallel to real a/c and so far so good they seem to be ok. We already have the hide functions in mptm.

Kind regards
P.S. The improvements in the system seem to be working as they should. I do not pip count but moeny wise the account is up $240 with DD of $56 as of this point in time. At one point yesterday DD was $150. I do hope more and more traders get the real feeling of your system, then they can understand how it feels to be in control of your trading and as you put it "blood pressure not going up". It is a wonderful feeling when you find (or in your case CREATE) as system which puts you in control, rather than feeling that events are carrying you to a place you do not want to be.
  • #215
  • Jul 28, 2010 7:01pm Jul 28, 2010 7:01pm
Quoting astral77
Following your guidance I entered this trade and 10 hours later closed it for 35 pip profit. I was just wondering what method you use to spot the divergences. It must take some time to go through the 22 pairs, does it come with experience or do you use a short cut. I have Tried fractals to highlight swing highs and swing lows. Do you use any other indicators.

Kind Regards
Remember, I'm just pointing out possible trades. Not saying they'll end up in profit. It's very easy to scan for a possible trade. I drag all the charts to one side that are setting up for a trade. Then I'll order those charts as to which one is closest to a trade. So I might have three charts where RWB are at extremes and price is in top or bottom 1/3 of chart. Then I start looking at peaks and valleys in price with RSI. If I get a pair that shows divergence I zero in on the close of next 4H candle. If it doesn't qualify as a confirmation candle I look for new divergence to occur again. Set your chart up with RSI applied to high and then RSI applied to low. Makes it easier to see the divergences. With a little practice it's very easy and doesn't take much time.
  • #216
  • Jul 28, 2010 8:02pm Jul 28, 2010 8:02pm
hello,

i have two same terminals running in 2 different PCs, but i noticed that the indicators are showing different indications. one the price is near the gold line already but the other one still far. what would explain this? thanks.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pc1.gif Size: 27 KB
Click to Enlarge Name: pc2.gif Size: 25 KB
  • #217
  • Jul 28, 2010 9:08pm Jul 28, 2010 9:08pm
Quoting luiboy
hello,

i have two same terminals running in 2 different PCs, but i noticed that the indicators are showing different indications. one the price is near the gold line already but the other one still far. what would explain this? thanks.
For one thing the top to bottom distance in pips is not the same on both charts.
  • #218
  • Jul 28, 2010 9:09pm Jul 28, 2010 9:09pm
Quoting luiboy
hello,

i have two same terminals running in 2 different PCs, but i noticed that the indicators are showing different indications. one the price is near the gold line already but the other one still far. what would explain this? thanks.
I think you may have TWO VERSIONS of the sixth indicator loaded, because the lines should be green&gold or green&red. you seem to have green&red&gold. check the indicators loaded

kind regards

P.S. Toothman; it goes without say that Divergence and your interpretation of it does not guarantee profitable trades (despite being very potent weapon in the traders arsenal). After all this is FOREX the only thing guaranteed is the ease of losing money!!!
  • #219
  • Jul 28, 2010 9:10pm Jul 28, 2010 9:10pm
Quoting BlackStack
For one thing the top to bottom distance in pips is not the same on both charts.
Refresh the chart. You can do this by going to another time frame and then go back to the 4H chart or hit contol I and then close and that will refresh the chart.
  • #220
  • Jul 28, 2010 9:11pm Jul 28, 2010 9:11pm
Quoting astral77
I think you may have TWO VERSIONS of the sixth indicator loaded, because the lines should be green&gold or green&red. you seem to have green&red&gold. check the indicators loaded

kind regards

P.S. Toothman; it goes without say that Divergence and your interpretation of it does not guarantee profitable trades (despite being very potent weapon in the traders arsenal). After all this is FOREX the only thing guaranteed is the ease of losing money!!!
Astral you are such a pessimist, sounds like you have been trading for awhile LOL
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