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Nanningbob 4h trading system ver. 5.0

  • #361
  • Aug 2, 2010 6:46am Aug 2, 2010 6:46am
Hi Folks !

Could anybody of you comment the situation of cable since last Friday ?
I wasn't in the trade because MACD signal didn't confirm a primary trade.

Happy trading

Bernhard
  • #362
  • Aug 2, 2010 7:32am Aug 2, 2010 7:32am
Quoting RobertBarnes
I ask some explanation too, for me it looks like the runner kiling machine
and decided do nothing with it.
GBP/USD is on a BB run. I dont expect it to keep going because it isnt doing the same elsewhere. All the other GBP pairs have stopped at Resistance. I have the #2 on waiting for the rebound. This is the beauty of the #2 EA it waits for the run to stop and come back in before entering. For me this will be my 3L entrance.
  • #363
  • Aug 2, 2010 10:07am Aug 2, 2010 10:07am
Quoting nanningbob
GBP/USD is on a BB run. I dont expect it to keep going because it isnt doing the same elsewhere. All the other GBP pairs have stopped at Resistance. I have the #2 on waiting for the rebound. This is the beauty of the #2 EA it waits for the run to stop and come back in before entering. For me this will be my 3L entrance.
the USD is dropping everywhere and somehow this is more evident is GBPUSD. It is time to practice L2 and L3 for people who have taken this trade. Importance of Lot size control becomes evident at such times.

Kind Regards
  • #364
  • Aug 2, 2010 10:15am Aug 2, 2010 10:15am
Quoting astral77
the USD is dropping everywhere and somehow this is more evident is GBPUSD. It is time to practice L2 and L3 for people who have taken this trade. Importance of Lot size control becomes evident at such times.

Kind Regards
I am in a L2 on this one.

It might be useful to add arrows when the ea's take trades, to easily show exactly where. Would you like me to do this, Bob?

  • #365
  • Aug 2, 2010 11:37am Aug 2, 2010 11:37am
Hi,
pls i want to open a trade when the most recent fractal appears.
pls, how do I write an expression to buy at the open of a candlestick which is X bars from the most recent fractal candlestick (i.e, the one with the arrow)?

Thanks.
  • #366
  • Aug 2, 2010 11:44am Aug 2, 2010 11:44am
Quoting SteveHopwood
I am in a L2 on this one.

It might be useful to add arrows when the ea's take trades, to easily show exactly where. Would you like me to do this, Bob?

This would be redundant because we do have sell lines that post to the screen from MT4.
  • #367
  • Aug 2, 2010 12:28pm Aug 2, 2010 12:28pm
Quoting nanningbob
This would be redundant because we do have sell lines that post to the screen from MT4.
Saves me a job.

  • #368
  • Aug 2, 2010 12:40pm Aug 2, 2010 12:40pm
Great to have some clearly-defined exits when a market is not going far.

I just closed my audnzd sell at +12 after whitey travelled all the way to the bottom of the screen but left his mate bluey behind and lonely. He is starting to wander back up to find his pal, so time for out.

I have an euraud buy at +98 with 52 of those locked in.

All I need is for eurgbp to get its backside into gear and it has been a good day.

Bob, you are sooooooooooo right about the joy of knowing exactly what to do with a trade that goes bad - gives a most wonderful sense of freedom.

Once I have added the 2.4.2 function to the auto-trader, I will make it possible to turn off trading but leave the 2.4.2 monitoring in place so we can use it to look after our manual trades.

I am enjoying all this.

  • #369
  • Aug 2, 2010 12:56pm Aug 2, 2010 12:56pm
Quoting SteveHopwood
...It might be useful to add arrows when the ea's take trades, to easily show exactly where. Would you like me to do this, Bob?
Try this:
.
Attached Image (click to enlarge)
Click to Enlarge Name: entry_arrows.gif Size: 11 KB
Attached File(s)
File Type: mq4 NB combined trade-sender_vSM3.mq4   24 KB | 572 downloads
  • #370
  • Aug 2, 2010 3:37pm Aug 2, 2010 3:37pm
Quoting SteveHopwood
Great to have some clearly-defined exits when a market is not going far...I have an euraud buy at +98 with 52 of those locked in...Bob, you are sooooooooooo right about the joy of knowing exactly what to do with a trade that goes bad - gives a most wonderful sense of freedom...Once I have added the 2.4.2 function to the auto-trader, I will make it possible to turn off trading but leave the 2.4.2 monitoring in place so we can use it to look after our manual trades.

I am enjoying all this.

Steve,

It is a wonderful feeling to be in control, however, H4 and getting used to having some trades with -200, -400 or even -800 pips may take some time for some people. Everything is going like clock work with exception of GBPUSD, I think maybe Mr Soros is having fun and games with the GBP again. For sure, USD is weak due to bad news but GBP is much weaker. In the long run we will see 1.50 or lower (if people can stay in that long). Funny enough our VSA friends were predicting 1.58 and higher last week! As Bob reminds us the saying "what goes up must come down" is very much true in forex, just thinking that few weeks ago people were talking of parity between EURO and USD and now...

It would be fantastic if you could incorporate the 2-4-2 into the EAs. Bob`s version 4 had this feature, somehow when the number of trades increases keeping tabs becomes more complex. Although BOB being the master has no problem with this.

Kind regards
  • #371
  • Aug 2, 2010 4:11pm Aug 2, 2010 4:11pm
Quoting SwingMan
Try this:
.
Thanks again George. I was going to do this for myself anyway, but this saves me another job. I love it when people save me time - gives me more time to learn to spell auto-trader.

  • #372
  • Aug 2, 2010 4:19pm Aug 2, 2010 4:19pm
Quoting astral77
Steve,

It is a wonderful feeling to be in control, however, H4 and getting used to having some trades with -200, -400 or even -800 pips may take some time for some people. Everything is going like clock work with exception of GBPUSD, I think maybe Mr Soros is having fun and games with the GBP again. For sure, USD is weak due to bad news but GBP is much weaker. In the long run we will see 1.50 or lower (if people can stay in that long). Funny enough our VSA friends were predicting 1.58 and higher last week! As Bob reminds us the saying "what goes...
Some of us have the advantage of watching baskets of KG trades going stupidly into dd before finally returning to profit. For sure, they put the possible dd here into context. You and I and others enjoy this perspective.

Automated 2.4.2. is coming. The coding is not hard - nothing is hard to code. It is working out what to code it that is hard; for a pianist, constructing a complicated algorithm requiring intelligent logic is a real bugger.

  • #373
  • Aug 2, 2010 4:22pm Aug 2, 2010 4:22pm
Quoting SteveHopwood
...gives me more time to learn to spell auto-trader.
I'm sure you can make it. You must only heavily concentrate and then it will work out!
  • #374
  • Aug 2, 2010 4:29pm Aug 2, 2010 4:29pm
Quoting SwingMan
I'm sure you can make it. You must only heavily concentrate and then it will work out!
Hmmmmmmmmm. Still trying:
ato-trader

nope, umm

auto-tader

nope, umm

orto-trader

nope, umm

errrrrrrrrrrrrrrrrrrrrrrrr
  • #375
  • Aug 2, 2010 5:42pm Aug 2, 2010 5:42pm
Quoting astral77
Steve,

It is a wonderful feeling to be in control, however, H4 and getting used to having some trades with -200, -400 or even -800 pips may take some time for some people. Everything is going like clock work with exception of GBPUSD, I think maybe Mr Soros is having fun and games with the GBP again. For sure, USD is weak due to bad news but GBP is much weaker. In the long run we will see 1.50 or lower (if people can stay in that long). Funny enough our VSA friends were predicting 1.58 and higher last week! As Bob reminds us the saying "what goes...
heh, looks like those VSA boys are right... GU is now at 1.59 and moving up to 1.60

personally I'd stay out of GU short until you've seen it top out - could be a serious multilevel trade if you're in short

f451
  • #376
  • Aug 2, 2010 5:42pm Aug 2, 2010 5:42pm
Quoting SteveHopwood
...coding is not hard - nothing is hard to code. It is working out what to code it that is hard; for a pianist, constructing a complicated algorithm requiring intelligent logic is a real bugger.
I can not recall where I read that some successful traders are convinced that their success is due to a system and or indicators they have been using for years, not realizing that they have become GOOD traders in their own right. You may not realize it but the consensus is that you are one of the (if not THE) best coders in FF. It is possible to be a Good pianist, coder and trader.

Having you collaborate with Bob was top of my wish list. Bob has an in depth knowledge of behavior of currencies and he has mastered the art of trading using his unique combination of indicators and you have a unique ability of understanding and automating a wide range of trading systems. I do hope that this combination would lead to refinement and perfection of this system

Well after all the compliments you must have guessed there was a ulterior motive and here it comes: One feature of version 4 was that the if the trade was closed while the EA was still active a new trade would be initiated. This feature coupled with the mptm used to make a killing in a ranging market. Some days when the market was going up and down say 40 or 50 pips we used to make more than 100 pips (e.g. we had the mptm on setting of 25 pips in profit move SL to BE +15, when SL was hit a new trade was opened and the same thing again i.e. SL to BE +15 and so on few times). On trending days sometimes we made less profit but it was great with ranging markets. One major drawback was when the conditions had changed totally the EA would still open trades. I do not know why BOB discontinued this feature in Version 5. Maybe he can tell us after breakfast (I think it is around 07:30 in Nanning).

kind Regards
P.s. BOB, STEVE, if you are getting sick of all the compliments please let me know and I stop. it is not flattery, just facts as I see it.
Kind Regards
  • #377
  • Aug 2, 2010 5:50pm Aug 2, 2010 5:50pm
Quoting astral77
...... You may not realize it but the consensus is that you are one of the (if not THE) best coders in FF.....
Steve - how much are you paying astral? -
  • #378
  • Aug 2, 2010 6:19pm Aug 2, 2010 6:19pm
Quoting astral77
Steve,

It is a wonderful feeling to be in control, however, H4 and getting used to having some trades with -200, -400 or even -800 pips may take some time for some people......
Agreed, the longer TF's do need some getting used to.

Just to keep things in perspective if you were manually trading H4 the minimum suggested stop loss would be 300% ATR (20) which can be quite a big number sometimes.

You can use the attached indi if you want to keep an eye on how this changes during a trading day.
Attached File(s)
File Type: mq4 THV ATR Pips.mq4   2 KB | 423 downloads
  • #379
  • Aug 2, 2010 6:42pm Aug 2, 2010 6:42pm
MACMAN

I thought people may become sick and tired of the compliments and may get the idea that the compliments are flattery or paid for!!!!!!! I promise no more compliments (for BOB and STEVE). I will keep quite and will only limit my posts to relevant issues to the system.

Kind regards.
P.S. Needless to say I have seen your very informative and helpful posts all over the FF and hope one day you would start your own thread and let us tap into your knowledge and understanding of trading forex.

P.P.S. I will pm you my bank details!!!!
  • #380
  • Aug 2, 2010 7:27pm Aug 2, 2010 7:27pm
Quoting astral77
MACMAN

I thought people may become sick and tired of the compliments and may get the idea that the compliments are flattery or paid for!!!!!!! I promise no more compliments (for BOB and STEVE). I will keep quite and will only limit my posts to relevant issues to the system.

Kind regards.
P.S. Needless to say I have seen your very informative and helpful posts all over the FF and hope one day you would start your own thread and let us tap into your knowledge and understanding of trading forex.

P.P.S. I will pm you my bank details!!!!
No more compliments.
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