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Nanningbob 4h trading system ver. 5.0

  • #441
  • Aug 5, 2010 7:23am Aug 5, 2010 7:23am
Quoting luiboy
Hi f451,

Is the indi includes the sixth? AUDCAD now has green color but the price is on the upper green line.
set bIncludeThirds = false if you only want to use the upper and lower sixths (gold lines).

Note - I think Bob has moved back to a version of the sixths that uses windowpricemin() and windowpricemax() - the version in the scan is the one that uses the highest and lowest bar prices in the last BarCount bars - this might result in slight differences - but the point of the scan is to alert you to go look at the charts for POTENTIAL setups. Use your own discretion!

cheers
f451
  • #442
  • Aug 5, 2010 7:25am Aug 5, 2010 7:25am
Quoting f451
set bIncludeThirds = false if you only want to use the upper and lower sixths (gold lines).

Note - I think Bob has moved back to a version of the sixths that uses windowpricemin() and windowpricemax() - the version in the scan is the one that uses the highest and lowest bar prices in the last BarCount bars - this might result in slight differences - but the point of the scan is to alert you to go look at the charts for POTENTIAL setups. Use your own discretion!

cheers
f451
Okay. Thanks for this great indi.
  • #443
  • Aug 5, 2010 1:53pm Aug 5, 2010 1:53pm
Hi F451...downloaded the indicator, but the signals are so dim/vague it's hard to determine what is beign reflected..I did change the text to black so the pairs were descernible...how do I change to larger size and better colors??
  • #444
  • Aug 5, 2010 5:09pm Aug 5, 2010 5:09pm
Quoting sfg7th
Hi F451...downloaded the indicator, but the signals are so dim/vague it's hard to determine what is beign reflected..I did change the text to black so the pairs were descernible...how do I change to larger size and better colors??
Ah, good question. You can change the text size (in the user inputs, default = 6) which will make everything larger, but it doesn't currently check if that will put any of the symbols in your list offscreen. You can change the colors in the code directly.

generally I use a lot of these to scan for different things, so I had never really bothered making the signals larger. (see attached pic).

I might update it to make colors user selectable and compensate screen layout for size if I get time. You could fiddle with the code to try it yourself.

I've attached an update for IBFX and other brokers that use non standard symbol names (courtesy Steve Hopwood).

cheers
f451
Attached Image (click to enlarge)
Click to Enlarge Name: scanners.png Size: 37 KB
Attached File(s)
File Type: mq4 NB Scan v5.2.mq4   9 KB | 511 downloads
  • #445
  • Edited 5:43pm Aug 5, 2010 5:25pm | Edited 5:43pm
Is anyone here aware that BRW has different scaling for Sto' s and MACD! ?
  • #446
  • Aug 5, 2010 6:00pm Aug 5, 2010 6:00pm
Another day of just picking off the profits. I had a gbp/nzd at +9 so I used it to clean out gbp/jpy -9. The GBP/USD looks like I closed at a pip loss which I did by my losing trade was ten cents a trade and my winning trades were at .30 So I made over 10 dollars even though I lost pip wise. I expect more bouncing around until NFP time so take them and reduce your debt. Found a new use for the #3 EA will post next.
RESULTS
aud/cad +9 +28
aud/chf +23
aud/jpy +66 +29
aud/nzd +11
cad/chf -48 +52 +71 +29
chf/jpy -13 + 37
eur/chf +58 -71
eur/usd +23
gbp/cad -1
gbp/jpy -9
gbp/nzd +9
gbp/usd -126 +46 +26

Sells
aud/chf #3
aud/jpy #3
cad/jpy #3
cad/chf #3
eur/chf #3
gbp/chf #3
gbp/jpy #3

Buys
chf/jpy #3
eur/aud #1
eur/gbp #1
usd/cad #3
usd/jpy #1
STILL IN
aud/nzd #2 -205 L2 -120 L3 -11
aud/usd -265 2L -152 L3 -1
eur/chf #3 -173 2L -44
eur/usd L1-263 2L -150 L3 has #3 EA on again
gbp/chf -121
gbp/usd L1 -409 L4 TP then #3 EA Took two TP yesterday and eliminated L3
nzd/cad -23
usd/cad -108

TOTALS
total for day +249
 for the week +596
 for the month +596
 Carry over -2045

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
  • #447
  • Aug 5, 2010 6:10pm Aug 5, 2010 6:10pm
I am going to try a new type of trade with the #3 EA. The rule is when the black (or white on dark screen) and blue are below the red and red is angling down or flat use the #3 and take those 20-50 pip profits. Do the opposite for buys. That is what I did yesterday on some pairs and was quite successful. Then I began looking at charts and saw you could pick up some nice trades. Here are two pics of sells showing what I mean. This would work very well after a bulge. The gbp/usd is just stagnating on top after a bulge so I am taking these bounces off of the #3 EA.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: cad chf.gif Size: 38 KB
Click to Enlarge Name: gbp jpy.gif Size: 38 KB
  • #448
  • Aug 5, 2010 9:41pm Aug 5, 2010 9:41pm
Quoting Fun Demental
Is anyone here aware that BRW has different scaling for Sto' s and MACD! ?
hi, of course, Sto's has static level and MACD the dynamic one, then RWB give us the powerful combination of static feat dynamic, it's a nice concept from Bob.
  • #449
  • Aug 6, 2010 1:27am Aug 6, 2010 1:27am
Quoting nanningbob
I am going to try a new type of trade with the #3 EA. The rule is when the black (or white on dark screen) and blue are below the red and red is angling down or flat use the #3 and take those 20-50 pip profits. Do the opposite for buys. That is what I did yesterday on some pairs and was quite successful. Then I began looking at charts and saw you could pick up some nice trades. Here are two pics of sells showing what I mean. This would work very well after a bulge. The gbp/usd is just stagnating on top after a bulge so I am taking these bounces...
Bob,

Does the sixths rule still apply in this case (looking at the last sell at the first chart)?

Thanks
  • #450
  • Aug 6, 2010 2:42am Aug 6, 2010 2:42am
Quoting f451
Ah, good question. You can change the text size (in the user inputs, default = 6) which will make everything larger, but it doesn't currently check if that will put any of the symbols in your list offscreen. You can change the colors in the code directly.

generally I use a lot of these to scan for different things, so I had never really bothered making the signals larger. (see attached pic).

I might update it to make colors user selectable and compensate screen layout for size if I get time....
ken you post, please, a file .tpl of this ?
thanks
Romano
  • #451
  • Aug 6, 2010 2:46am Aug 6, 2010 2:46am
Quoting jer inverno
hi, of course, Sto's has static level and MACD the dynamic one, then RWB give us the powerful combination of static feat dynamic, it's a nice concept from Bob.
Thanks for your answer Jer,
The combination of differently scaled indicators will at times show a signal that will turn out to be a false signal later on; Something very similar to repainting.

Can that be tradeable at all?
  • #452
  • Aug 6, 2010 3:44am Aug 6, 2010 3:44am
Quoting Fun Demental
Thanks for your answer Jer,
The combination of differently scaled indicators will at times show a signal that will turn out to be a false signal later on; Something very similar to repainting.

Can that be tradeable at all?
IMHO it depend on trader about how to use it, Bob explain the concept nicely in .doc file, download at #1 post. also now RWB have divergence arrow, thx to Bob. however... use only the indicator you comfort with, they just give information from data or price action but the decision is on the trader. Good luck Fun.
  • #453
  • Aug 6, 2010 1:07pm Aug 6, 2010 1:07pm
Great week for me; 527 pips trading live and a balance increase of 1.09% on my IBFX account trading 0.01 lots.

The biggest winner hit my Atr take profit. Anything > 10 either hit its jumping stop or I closed an an opposite extreme of whitey. Anything < 10 I closed when whitey left its pal bluey a long way behind and figured a direction change was coming, or there was a huge resistance in the way, or something else made me think that bailing out was a good idea. The closes at 10 were breakeven +10 after the market moved to +25, managed by mptm.

The last trade, the looser, I closed a few minutes ago so I can knock off for the weekend with no open trades. Besides, who is betting on an immediate usd recovery right now?

audnzd 16
euraud 169
eurgbp 4
gbpusd 4
gbpcad 201
usdjpy 62
chfjpy 10
audnzd 10
audnzd 10
usdcad 37
audchf 10
audusd -6

I was lucky with the gu trade. It was a sell that I got into later than most, so it never reached 2.4.2 territory. The brief sell off on Thursday (was it Thurs? Feels like longer ago) allowed me to close it at a tiny profit. I entered this trade much earlier on demo, so the 2L trade is still open.

I have probably missed a few pips through premature closure of some trades but I don't care. I am a crap manual trader yet I still managed 527 pips this week - AND UNDERSTAND HOW. That is a first for me. All my previous profitable forays into forex have been made using one of my robots.

Cheers Bob. I owe you.

  • #454
  • Aug 6, 2010 1:25pm Aug 6, 2010 1:25pm
Yes this was a great week, today made it even better (USD news), I was busy banking the profits and paranoid about a quick reversal. Once I had everything locked away, breathing returned to normal I close all EA's and started exiting out on other non related trades.

I have to say that Bob's method is the most reliable I have traded with long term. And also different from what I usually trade (<=== Scalper).

Have a good week end folks, FEDS meets on Tuesday and there is talk about a second stimulus on the way, should make for any interesting August
  • #455
  • Aug 6, 2010 2:33pm Aug 6, 2010 2:33pm
Quoting Tread
Yes this was a great week, today made it even better (USD news), I was busy banking the profits and paranoid about a quick reversal. Once I had everything locked away, breathing returned to normal I close all EA's and started exiting out on other non related trades.

I have to say that Bob's method is the most reliable I have traded with long term. And also different from what I usually trade (<=== Scalper).

Have a good week end folks, FEDS meets on Tuesday and there is talk about a second stimulus on the way, should make for any interesting...
They need a second stimulus (and probably third) given the fact that several US states are on the verge of Bankruptcy.

Scoobs.
  • #456
  • Aug 6, 2010 6:24pm Aug 6, 2010 6:24pm
Quoting scooby-doo
They need a second stimulus (and probably third) given the fact that several US states are on the verge of Bankruptcy.

Scoobs.
Any guesses as to where it is going? The VSA guys think that on Monday GBPUSD may break 1.6000 barrier and 3500 barrier on EURUSD, followed by a retrace then may go all the way to 1.6300 mark. The key word here is MAY.

Coming back to the real issue of version 5, I am glad more and more traders are having success, lack of activity in this thread was a sign that everyone was getting on with their main business of trading. I am too busy to give a pip report. Since 18th July my $2.5k account is up by $440 with a dozen open trades -$290 of which $190 is GBPUSD (my own stupid fault for not closing all trades with a small loss at the retrace) trading 10 cent lots.

I am conducting a live experiment with a variation of version5. With the other versions the EA would reenter automatically if the trade was closed, this feature combined with MPTM sometimes made a killing. Therefore I tried combining that feature with Version5 in another account by using old 3x3 EAs from last year (a bit like number 4 EA 1x3 MA). Early days but the results have been very good thus far, $1300 a/c using 10 cent lots up $98 in 2 days, 14 open trades with dd of $45. Will report once a week on its progress.

I just opened an account with fxsol but some of their spread are extortionate. Forex.com seem to be ok thus far but I want to close my ibfx accounts and move the accounts elsewhere. Any suggestions will be most appreciated (please pm any suggestions).

Wishing a great weekend for all.

Kind Regards
  • #457
  • Aug 6, 2010 7:50pm Aug 6, 2010 7:50pm
Another day of just picking off the profits. Picking off profits prevents you from losing whats on the board but it also helps you miss some of the big moves. Either way making money. I accidentally had left the Eur/chf trade on the board but I had eliminated it in the day before report so I just didnt suddenly delete it today, it was already gone. Changed my entrance EAs from #3 to #1 in case of gaps in next weeks open. Some of them I have already entered but if you are not you can enter them starting Monday. Getting lots of pips off of the #3 EA but as some profit others go into DD. Going into week 3 of gbp/usd with no retrace. At least the eur/usd has some retraces. Next post I will give a report of looking at a series of trades rather than the usual one in one out concept.
RESULTS
aud/chf +28
aud/jpy +45
cad/chf +80
cad/jpy +51
eur/chf +12
gbp/chf +111
gbp/jpy +3
gbp/nzd +56
gbp/usd +30
nzd/cad +23
usd/cad -9

Sells
aud/cad#2
aud/jpy #1
eur/cad #1
eur/chf #1
gbp/cad #1
gbp/chf #1
gbp/jpy #1
nzd/cad #1
nzd/usd#1

Buys
eur/aud #1
eur/gbp #1
usd/chf #1
usd/jpy #1
STILL IN
aud/nzd -212 L2 -127 L3 -18
aud/usd -303 2L -190 L3 -7
eur/cad -76
eur/usd -372 2L -261 L3 -116 L4 -6
gbp/cad -66
gbp/chf -48
gbp/usd -475 L2 -138 L3 +22
usd/chf +21
usd/jpy +29

TOTALS
total for day +430
 for the week +1026
 for the month +1026
 Carry over -2343

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
  • #458
  • Edited 9:18pm Aug 6, 2010 8:10pm | Edited 9:18pm
2 1/2 weeks ago I started getting involved in the gbp/usd. I have closed 6 trades of various lot sizes but the profit has been 32.90 versus the two losses that equal 62.20. So my loss on that pair so far is -29.30. My goal is to continue taking profits as they come to help off set my loss until I get my break even retrace. Since I am in the middle of this trading run. I will on occasion show how it is doing so you can understand how the 2.4.2 system works but also how thinking in a series of trades to BE is much better than the usual concept of 1 in 1 out that is often taught elsewhere. Yes I still have a large DD but the L1 is at .01 and the 3L is at .03. At 100 pip at .03 is equal to 300 at .01. I get my retrace and I BE on what is on the board. I have recovered half of my previous L1 trade so far so despite the large DD I have a plan to BE over the whole series of trades. My experience in these long runs since the Oct. 2008 has been they last about 3 weeks and break. So I feel I am close enough now to get it. What happens if it continues to go up. Then I follow my plan and the now L1 will be taken as my second losing trade and I continue the process. So even though I hate these unretracing runs, it is good for you to see that you can survive them and they are tradeable. Meanwhile all the other gbp pairs are retracing and I have picked up over 88 dollars on them during the last 3 weeks. You just dont know which ones will break and which ones will run. I BE on the gbp/usd and I have a nice series of profitable trades within the gbp currency pairs. If I have to take another loss I have enough profits from the other gbp pairs to cover it. I am not using my principal to cover these losses if they occur. I am using my profits. That is the beauty of this system if you can ever completely understand and comprehend all its nuances.
  • #459
  • Aug 6, 2010 9:26pm Aug 6, 2010 9:26pm
Quoting astral77
Any guesses as to where it is going? The VSA guys think that on Monday GBPUSD may break 1.6000 barrier and 3500 barrier on EURUSD, followed by a retrace then may go all the way to 1.6300 mark. The key word here is MAY.

Coming back to the real issue of version 5, I am glad more and more traders are having success, lack of activity in this thread was a sign that everyone was getting on with their main business of trading. I am too busy to give a pip report. Since 18th July my $2.5k account is up by $440 with a dozen open trades -$290...
I am trading with FXSol UK and the fixed spreads are nice. I know exactly what I am dealing with. You lose some currency pairs because of the higher spreads like nzd/chf but you gain two CAD and two more GBP that arent as volatile as the gbp/nzd or eur/nzd. So I have a net add of +1 more trading pair with them than I did with IBFX. With IBFX you dont know what your spread is because when you enter a trade, (have the tick chart open so you can see it) the spread starts jumping around, it enters and then goes back to normal. So you dont know exactly what you paid in the spread. I know some of the trades ended up bigger than the fixed spread with IBFX but others no. So it is a mixed bag. All your 5D are like this that I have seen. Their spreads are an advertising gimmick not reality.
  • #460
  • Aug 6, 2010 11:58pm Aug 6, 2010 11:58pm
Quoting SteveHopwood
Great week for me; 527 pips trading live and a balance increase of 1.09% on my IBFX account trading 0.01 lots.
Steve well done great results

were you using an EA to place the trades ? if yes which ?

or were to manually placing Trades using MACD/Stoch Blue White crosses ?

or ?

more details greatly appreciated
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