Nanningbob 4h trading system ver. 5.0 | Page 22 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Nanningbob 60x90 EA 3,920 replies

NanningBob's 4H Sellhigh BUYLOW 158 replies

Help regarding NanningBob EA 27 replies

Nanningbob 4H trading system 2,017 replies

Help to improve profitable EA - 1H NanningBob 40MA 200 BB 10 replies

Attachments: Nanningbob 4h trading system ver. 5.0
Exit Attachments

Nanningbob 4h trading system ver. 5.0

  • #421
  • Edited 7:16am Aug 4, 2010 6:50am | Edited 7:16am
Hi Nanningbob !

First of all thanks for the answer ;-))
I appreciate your advise....

When looking at your attached NZD/CAD chart could you agree with me
that the situation at 12.7. (buy) / 15.7. (sell) / 30.7. (buy) are all primary trades
with a relative solid risk / reward ?

Did you perform a test by only taking these primary trades ?

How then is the influence regarding your overall result ?

Regarding your mentioned AUD/JPY trade well over 20 trades was a real stress test.........

Well all is about money management...........

If you respect it you can achieve a lot and become incredible successfull ........ (as once Paul Tudor Jones said..)

I think this is the point why so many folks don't get it......

Kind regards

Bernhard

P.S. Maybe you could create a PDF in which you explain how you managed this extreme AUD/JPY trade.
This could be helpful in understanding your system and showing that it really works in extreme conditions !!


Quoting nanningbob
Appreciate your input but I see no significant difference between your yellow MACD and my red MACD. Again I dont get the least upset about the occasional BB runners. They happen around 20-25% of the time with the majority of those being handled by a second level trade.

I am not losing my ass on the gbp/usd I willl break even or make a profit on it somewhere down the road. If you dont believe me go back to the previous thread and follow my AUD/JPY trade of late March and early April. In a series of around 20 trades over a 3 week period I...
  • #422
  • Edited 9:31am Aug 4, 2010 8:35am | Edited 9:31am
Quoting nanningbob
I am not losing my ass on the gbp/usd I willl break even or make a profit on it ...In a series of around 20 trades over a 3 week period I brought a very ugly trade back to a plus trade so it takes patience. I dont think in single trades, I think in groups of trades. It is a whole different mindset than 99% of the traders here. Any way here is a pic of the two different MACD lines.
I think you have to keep repeating it in bold letters. KEEP YOUR LOT SIZES MANAGEABLE. Treat every single trade as if it is going to go for the whole 2-4-2 distance (i.e. 1 lot needs 2400 pips in reserve). DO NOT GET BOGGED DOWN IN A LOSING TRADE, MOVE ON. If all of your attention is devoted to one or two losing trades you miss the other opportunities.

You know what happens, we have an exceptional first week, newbie traders say great it is going to be like this all the time. Lets increase the lot size for more profit, after all this is what BOB is doing. They forget that BOB is a very experienced, patient trader who has devised this system and knows it inside out. You mentioned that for whole ONE year you stopped trading and studied the market behavior. How many people can do that? I certainly cannot.

So if you are new to this system and H4 in general, please, please, please keep your lot size to a maximum of 5 cents (or better still 2 cents) for every $1000 balance. At least for 6 months Keep to primary trades only and limit the number of trades to what you are comfortable with (e.g.5, 10, 15, etc). Then you take it from there.

Kind Regards
P.s. The above has been my approach since MARCH and has worked very well for me and I sincerely wish you all the success for the future.
PPS Since 18th July when I went live with Version5 I have banked $300 profit using mostly 10 cent lots with $2500 a/c. My DD is $250 of which $155 is due to GBPUSD. I am very relaxed and enjoying trading, thanks to this system.
  • #423
  • Aug 4, 2010 8:48am Aug 4, 2010 8:48am
Quoting behof
Hi Nanningbob !

First of all thanks for the answer ;-))
I appreciate your advise....

When looking at your attached NZD/CAD chart could you agree with me
that the situation at 12.7. (buy) / 15.7. (sell) / 30.7. (buy) are all primary trades
with a relative solid risk / reward ?

Did you perform a test by only taking these primary trades ?

How then is the influence regarding your overall result ?

Regarding your mentioned AUD/JPY trade well over 20 trades was a real stress test.........

Well all is about money management...........

If you...
Actually your idea is a sound one. Probably would be very successful with it. If some of these programmers could make an EA that would take a trade off of the trend line you would have a good system. But you still would have runners. I tried trend trading and had some success with it but I saw too many trades where it broke the trend line and then price went up inside the trend line just like the BB. SO you would either take a stop loss or you would need something like my 2.4.2 recovery system. Your idea is sound but it needs someone to do it for a while and then teach it.
  • #424
  • Aug 4, 2010 8:52am Aug 4, 2010 8:52am
Quoting behof
Hi Nanningbob !

First of all thanks for the answer ;-))
I appreciate your advise....

When looking at your attached NZD/CAD chart could you agree with me
that the situation at 12.7. (buy) / 15.7. (sell) / 30.7. (buy) are all primary trades
with a relative solid risk / reward ?

Did you perform a test by only taking these primary trades ?

How then is the influence regarding your overall result ?

Regarding your mentioned AUD/JPY trade well over 20 trades was a real stress test.........

Well all is about money management...........

If you...
http://www.forexfactory.com/showthread.php?t=169309

Here is the old thread with versions 1-4 You can see every trade I have taken for the last 10 months. If you want to see how we did in extreme conditions just follow April and May 2010 posts. It shows the basic system at its best and worst. Cant get any better than that. April was our best month and May was our worst. But we made more in April than we lost in May. Happy reading
  • #425
  • Aug 4, 2010 9:11am Aug 4, 2010 9:11am
Quoting nanningbob
http://www.forexfactory.com/showthread.php?t=169309

Here is the old thread with versions 1-4 You can see every trade I have taken for the last 10 months. If you want to see how we did in extreme conditions just follow April and May 2010 posts. It shows the basic system at its best and worst. Cant get any better than that. April was our best month and May was our worst. But we made more in April than we lost in May. Happy reading
Hi Nanningbob !

Thanks for the hint.....
It will take some time to read ;-)
For the strategy its up to Steve ;-))

Happy trading

Bernhard
  • #426
  • Aug 4, 2010 9:24am Aug 4, 2010 9:24am
GBP/USD finally started to move ....about time ...............
  • #427
  • Aug 4, 2010 10:00am Aug 4, 2010 10:00am
Scooby had the time right, it just seems to happen a day late.
  • #428
  • Aug 4, 2010 10:40am Aug 4, 2010 10:40am
Quoting MorningMania
Scooby had the time right, it just seems to happen a day late.
I did tell him I was going to liquidate my holding today but would he listen?
  • #429
  • Aug 4, 2010 3:30pm Aug 4, 2010 3:30pm
Quoting SteveHopwood
I did tell him I was going to liquidate my holding today but would he listen?
Hello Steve
I downloaded the latest version you posted earlier.
Putting on a demo FXCM.
Not open a position for an error 130.
Invalid stops.
SL was the setting of 0 (zero)
I put SL to 500 to try.
But still give the same error.
You know why?
I thought decimals in code, in this case are three.
is it possible??
I tried to post on your page but I did not authorize. Could you arrange it?
thanks
Roman
Attached Image (click to enlarge)
Click to Enlarge Name: per Steve_1.jpg Size: 216 KB
Attached Image
  • #430
  • Aug 4, 2010 4:53pm Aug 4, 2010 4:53pm
Quoting Romano
I tried to post on your page but I did not authorize. Could you arrange it?
thanks
Roman
Yep, done. Please post about the robot in my robot thread, not here. I will answer no further queries about it here. I do not want this thread cluttered up with posts about my robot.

  • #431
  • Aug 4, 2010 6:55pm Aug 4, 2010 6:55pm
Hi Bob...Reuest follows, as I am confused with new version..
1. Can you post a complete PDF file on subject versions, especially the #4, #5, #6, #7 etc
2.Is Steve Hopwoods's Fib-target level indicator in the latest versions, I haven;t found it???
3. Why does the SL/PT input on the EA's (1,2,3) not work, I put in the info but they are gone when the order is placed. I would hate to go to work or leave my computer for any length of time without something in the SL bracket, it could wipe out an account if it gapped in wrong direction??/
thanks for a great system, finally becoming profitable...
  • #432
  • Aug 4, 2010 7:22pm Aug 4, 2010 7:22pm
I love Forex, writers after several days of Buy buy buy gbp/usd, todays stories are sell sell sell. Dont trust those guys at all. Another day of just picking off the profits.
RESULTS
Eur/cad +14
eur/gbp -4
Eur/usd +42
Gbp/chf +58
Gbp/Cad L3 +91 L2 0
Gbp/nzd +59
Gbp/usd +36
nzd/usd +23
Usd/jpy +26
Sells
aud/jpy #1
cad/jpy #1
cad/chf #1
eur/jpy #1

Buys
eur/aud #1
eur/gbp #1
STILL IN
aud/cad #1 -7
aud/chf #1 -74
aud/nzd #2 -225 L2 -140 L3 put the #2 EA for the pull back later.
aud/usd -272 2L -159 L3 #1 EA was added for L3
cad/chf -114
chf/jpy -64
eur/chf #3 -173 2L -44
eur/usd -238 2ND L -127 L# has #3 EA on again
gbp/cad -109
gbp/chf -237 L2 #4 EA on
gbp/usd L1 closed 2L -294 L3 -189 L4 TP then #3 EA now -14
usd/cad -109

TOTALS
total for day +345
for the week +347
for the month +347
Carry over -2589

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]
  • #433
  • Aug 4, 2010 7:27pm Aug 4, 2010 7:27pm
I am not sure I understand all the financial gobble de gook of this article but is Forex trading in the USA getting shut down or drastically curtailed?? Read this article

http://turnkeytradingpartners.com/wo...s/archives/541
  • #434
  • Aug 4, 2010 8:33pm Aug 4, 2010 8:33pm
Quoting nanningbob
I am not sure I understand all the financial gobble de gook of this article but is Forex trading in the USA getting shut down or drastically curtailed?? Read this article

http://turnkeytradingpartners.com/wo...s/archives/541
Bob,
Do you think this will effect US. citizens with offshore brokers?
  • #435
  • Aug 4, 2010 8:55pm Aug 4, 2010 8:55pm
Quoting Toothman
Bob,
Do you think this will effect US. citizens with offshore brokers?
Have no idea. Just saw this today. Gotta see how this shakes out. Time to renew the articles of confederation. LOL
  • #436
  • Aug 4, 2010 9:13pm Aug 4, 2010 9:13pm
I think it's just saying if you trade Forex in the US it has to be with a regulated(ie.NFA) broker. I can't wait for the fall elections.
  • #437
  • Aug 5, 2010 6:49am Aug 5, 2010 6:49am
Here's an indicator I coded up to help scan symbols for potential NB v5.2 setups. Place on a 1 min chart for most frequent updates.

Default parameters correspond to NB system.
Green = potential buy setup, red potential sell setup. Light green, light red = MACD below or above 50 not 15 or 85 - to mark potential secondaries.

cheers
f451
Attached File(s)
File Type: mq4 NB Scan v5.2.mq4   9 KB | 478 downloads
  • #438
  • Aug 5, 2010 7:01am Aug 5, 2010 7:01am
Quoting f451
Here's an indicator I coded up to help scan symbols for potential NB v5.2 setups. Place on a 1 min chart for most frequent updates...f451
Many thanks for your useful indicator, downloaded and will put on the accounts. I do hope everyone is making pleny of pips and have managed to recoup all or some of the DD of GBPUSD (we had a nice retrace to 1.5820), for new people this is additional confirmation that BOB knows what he is talking about.

Kind Regards
  • #439
  • Aug 5, 2010 7:18am Aug 5, 2010 7:18am
Quoting f451
Here's an indicator I coded up to help scan symbols for potential NB v5.2 setups. Place on a 1 min chart for most frequent updates.

Default parameters correspond to NB system.
Green = potential buy setup, red potential sell setup. Light green, light red = MACD below or above 50 not 15 or 85 - to mark potential secondaries.

cheers
f451
Hi f451,

Is the indi includes the sixth? AUDCAD now has green color but the price is on the upper green line.
Attached Image (click to enlarge)
Click to Enlarge Name: audcad.gif Size: 25 KB
  • #440
  • Aug 5, 2010 7:21am Aug 5, 2010 7:21am
Quoting f451
Here's an indicator I coded up to help scan symbols for potential NB v5.2 setups. Place on a 1 min chart for most frequent updates.

Default parameters correspond to NB system.
Green = potential buy setup, red potential sell setup. Light green, light red = MACD below or above 50 not 15 or 85 - to mark potential secondaries.

cheers
f451
Thank you for that F451
2 traders viewing now