Nanningbob 4h trading system ver. 5.0

Dang its getting harder to find my previous post. LOL good activity I guess. OK quiet day but a couple of good moves. Kick myself for closing too early on the 200+ gbp/chf, eur/chf move. Stupid me. I do this to myself when price has been just ranging. I grab profits before they are gone. Maybe the market is going to do some nice reversals today.
RESULTS
gbp/chf +40
eur/chf +54
gbp/jpy +72
chf/jpy +14
nzd/jpy, +4
Sells
aud/chf #1 NE dropped
aud/jpy #1 NE
cad/jpy #1 NE
cad/chf #1 NE dropped
Buys
gbp/aud #1 did not enter
usd/cad #1 NE
usd/jpy #1 NE
STILL IN
aud/cad #1 switch to #4 -13
aud/nzd #2 -101 used #2 EA -6
aud/usd -109 2nL +4 used #4 EA as it approaced top of BB
eur/jpy -36
eur/usd -140 2ND L #1 +6
gbp/cad -90
gbp/usd -184 2L 0
usd/chf -15 used the #2 EA when price went ouside the bands.


TRADES NOT TAKEN YESTERDAY THE EA WAS NOT HIT
Sells

Buys

TOTALS
total for day +184
for the week +552
for the month +1709
Carry over -684

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

I hope I am not knocking on wood here but the last two weeks plus my 1 week testing live has produced the following results:

Profit trade 81 (89.01%)
Losing trades 10 (10.99%)
Account % increase 41.8%
DD been very low

Of the 10 losing trades 6 of them had a bigger counter trade to offset them so they were small profits.
One was -6 with the counter trade.
3 were L1 closing in on BE and I took losses on them
Those 3 totals were -24 -10 -13
If I took profits from other counter trades they zeroed out all the losers and the counter trades ended in total profit.

In summary I have gone 3 weeks now at an almost 90% win rate. I have done 90% before but not over a 3 week period. I have never been able to sustain that kind of win rate. 75% is closer to what I do. Obviously this is not enough of a sample to judge the system by but I will take it.

Hi Bob,

For the below chart, since the RWB lines are now below 85, is it too late to turn on an EA? thanks.

Turn on the #3 EA and enter at the high. #1 shows highs going higher and #2 shows MACD going lower. That is divergence. I will always play divergence on a 4H chart. You really can see some nice moves when price finally breaks. I like to call these Secondary trades. Price moves back to a previous primary trade location so I trade these all the time. You had the primary condition a couple of days ago and price is retesting Resistance line. To me these are great trades.

Let me know if the lighter back grounds are easier to read.

The 5.1 Blank screen template using lighter colors and the MACD divergence indicator is now on pg. 1 post 1. I think you will like the divergence arrow markers. I incorporated it into my RWB STO/MACD indicator window. Here is the pic of the new blank screen

Hi Nanningbob

Definitely prefer the darker backgrounds, I think they are much clearer to read, for me though it’s psychological the impact of the trade has gone, if that makes sense.


marshy.

Hi all

fantastic mind food happening here, thank you

Steve: a question

in #7 SELL 25 BB after divergence by Steve Hopwood

an in #7 BUY 25 BB after divergence by Steve Hopwood

this code is the same && RsiValNow > RsiValThen

should it be < in the SELL code

maybe I dont understand the code, it seems iBands is not included in the SELL or BUY code signals

maybe me

Perhaps is the black background better for trading, because the colors are stronger. But, NanningBob tells us very much in pictures, the documentation is very extensive, and if you are printing out charts with a black background, the important lines are hardly visible, and it also consumes a lot of ink...
Psychologically, is the black background may be better, but practically, certainly the white...

Hi Guys

Regarding the issue of black backgrounds and printing, there are a couple of programs allow inversion, (photoshop) it takes less than 1 min to convert.

there are a couple of free software out there that also do it. Should solve some of the problems.

Keep up the great work
,,
http://img64.imageshack.us/img64/888/gbpusds.gif

http://img823.imageshack.us/img823/3100/gbpusd.jpg

paint.net is a free program that allows you to invert pictures.

Unfortunately for the documentation of NanningBob ideas, is color inverting not the solution! e.g. Red line must remain Red line...

Hi guys,

Something I like to do when I trade multi pair with a strategy is building a panel to monitor these pairs. I just started the coding of a panel with Bob method (reason: I like his method ). The panel shows visual signals when primary/secondary trades are in preparation and also when RWB lines are all over/under 85/15. In a eye blink you can see what pair merit attention...

The picture attached is only a preview of what it is actually (still working on it). You can see that EA1 is running on AUDNZD actually (EA#1 to 4 have been integrated in the MLFX_NH4_MANAGER EA (what should run on pairs to monitor) and they can be individually activated/desactivated when needed).

When it will be completed, I don't mind to share it (if it's something that can interest a couple of you... ?).

Cheers

Mart

Hi Bob,

I found the problem why the sixths in my 2 PCs are different. It's because of the side panels. The chart adjusts when the side panels are removed. Please see attached pics.

Which is exactly why I added a set number of bars to look back to the 6ths indi - see earlier posts for indi.

If you had the 6ths indi set for say 168 bars on a 4H chart you will always be using the past 28 days of history (28x6) so it then won't change if you are zoomed in, have a side panel open etc.

Thanks for that, Burton. Usual thingy - copy/paste error. The iBands calls are lying around because all of the ea's are essentially the same apart from the actual trade trigger. There is redundant code in all of them that I cannot be bothered to remove.

Being my usual forgetful self, I had coded the safety-feature input and the message when the ea is dragged onto the chart, but forgot the actual turn-itself-off after sending a trade. Hey-ho; can't remember everything.

When the safety feature is working correctly, you should see the comment area of the chart alternating between the "Robot suspended" message and the info the indi wants to present. This is a neat visual reminder as you scroll through the charts.

In addition, I have added an alert when an ea sends a trade successfully, to draw your attention to the fact that it needs unloading.

Here is a thought. I could combine all the #x trade-sending ea's into one, with a series of Trade_#1_BB_Buy etc inputs, if there are enough of you who would like this. I am starting to do this in the auto-trading robot that I shall release some time next week, so it would not be a huge job to combine all these trade-senders.

Yeah .... go for it Steve -

If a trader with your experience and expertise wants it then yep, sure will.

Thanks Steve, that is terrific.

Just in case anyone doubts the potential of this strategy, check out my earlier post here regarding a long term test - http://www.forexfactory.com/showpost...&postcount=219

Update for today:

Starting balance 10000
Balance today 62789
Equity available today 50756

Profit 40756 in just over 1 year !

I want it also Steve. But I'm not yet an experienced trader so I think this vote doesn't count much. lol