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Nanningbob 4h trading system ver. 5.0

  • #641
  • Edited 3:54am Aug 13, 2010 3:42am | Edited 3:54am
Quoting SteveHopwood
Here we go, Bob. These draw a lovely thick line defaulting to 200 pips from the opening price.

There are two inputs that allow users to customise the placing and colour of the line:

 

  1. ReEntryLinePips: the re-entry distance from the open price. I included this so we can have a more distant re-entry on the more volatile pairs.
  2. ReEntryLineColour: take a guess.

I re-downloaded the ea's from post 1, so the other defaults are as Bob released them.

It will be safe to put these ea's straight on to our live accounts. The new...

Too much copy/pasted
The bulge buy is drawing the nice thick turquoise line on the wrong side. Above entry. The other EA's same... inverted code.
I know how to change the code... but maybe not others...
"The only successful substitute for brains is silence."
  • #642
  • Aug 13, 2010 3:53am Aug 13, 2010 3:53am
Quoting DXTrade
Too much copy/pasted
The bulge buy is drawing the nice thick turquoise line on the wrong side. Above entry. The other EA's havent checked yet.
I know how to change the code... but maybe not others...
The are all upside down - I am just fixing it now. I just had a no 2 buy that was upside down; one of my logic flops.

This will only take a few minutes.

  • #643
  • Aug 13, 2010 4:01am Aug 13, 2010 4:01am
I have replaced the upside-down versions with right-way-up ones. Those few of you have have already downloaded need to re-download. Sorry about that.

  • #644
  • Aug 13, 2010 4:15am Aug 13, 2010 4:15am
Bob, I notice the safety feature is turned off by default. Is this how you get so many trades, by leaving the ea running until you make a conscious decision to remove it? Is this how you get so many secondary trades?

Yes, there are times I want the constant reentry, especially the #1 in ranging markets and #3 EAs after a bulge. I look at strong Support or Resistance lines for those. The eur/jpy and gbp/jpy bounced off of support 3 times yesterday and my only mistake was getting out a little early on those. I would use this feature on with the #2 and #4 and #7 ooooooooopppps you dont have that one yet I will post that one this weekend, you will love it with the #7 MPTM playing a pivotal role. You can trade that one anywhere on the chart when you see the set up. You are going to love it and it will be a much better way of handling the huggie trades. #6 is going to take a while, so more is coming.
  • #645
  • Aug 13, 2010 4:52am Aug 13, 2010 4:52am
Can't wait.

On demo, I am having some fun with FX5_MACD_divergence, popping on a trade whenever it alerts me and using mptm to manage the rest of the business. This is working quite well for now, although my unscientific method will probably come unstuck soon.

The attached toy (an ea) is a great help in manipulating stops'tp's manually. Drag it onto a chart with an open trade and the ea will insert stops/tp's where they are missing - it misses out this bit if they are in place. Then it draws lines to represent your stop and tp. Double click a line to highlight it, move it to the desired price and the stop/tp will follow at the next tick.

For those of you who already have this, the version here automatically accommodates x digit quotes, so you can think in proper pips and not bother about multiplying the inputs.

Attached File(s)
File Type: mq4 Click-and-drag take profit and stop loss EA.mq4   12 KB | 448 downloads
  • #646
  • Aug 13, 2010 6:06am Aug 13, 2010 6:06am
Quoting nanningbob
This summary by Marshy of my system is very well done. I think this can be helpful after reading all my booklets. I will post this on page 1 with my next update. Here is his download page and I also attached it.

http://rs254.rapidshare.com/files/41...ingMethod1.doc


Thank you.
  • #647
  • Aug 13, 2010 6:28am Aug 13, 2010 6:28am
Quoting alldirex
I have been trading forex live for the last 2 years, with mixed results. I traded without the use of any indicators just candlesticks and occasional lines. So far, this seems to me like a good system that gives you a concrete entrance but allows for variation in trade exits based on your experience. I have read all the attached documents, I just have one question about trade EA#4 for ranging markets. Can anyone point me to a good explanatin regarding that EA. I did not find anything on the forums.

Thanks
The #4 EA is a cover any direction EA. It is the #1 EA mixed with a cross of the 3MA. So if price goes to the BB it is in but if price reverses and doesnt hit the BB then it will enter when it crosses the 3 MA. It is a get me my best position on this one because I want the trade. THIS IS NOT A GOOD PIC OF WHEN TO USE IT BUT ............ It shows what it does. #1 trade would enter if it hits the BB band (white line) OR #2 it would enter if it crosses the yellow line. It is a trade you definitely want to take for whatever reason but you want the best entrance at the BB but in case you dont get it you get the cross of the yellow MA3 line. It will do one or the other but not both. I use it when price is running up just inside the BB but price is not hitting hit. I want the retracement when it happens.

I almost never use this EA for 1L trade but use it for 2L or 3L trades. I want that counter trade so I dont have to pray for price to move back 200 pips to BE. This EA if I can get 70 pips retracement I get a BE on the trade and am out. It is a rescue type of EA for certain situations.
Attached Image (click to enlarge)
Click to Enlarge Name: #4.gif Size: 30 KB
  • #648
  • Aug 13, 2010 6:34am Aug 13, 2010 6:34am
Here is a better pic of when I would use it. #1 the EA would hit and enter when price hit the BB. #2 check price did not make it to the BB but at the cross of the yellow you have a nice little trade. #3 Same as #2. You cant always bet it will hit the BB but with price so high up above the GOLD line, I want that trade.

I probably am using the #3 EA in this situation more often but there are times I use the #4.
Attached Image (click to enlarge)
Click to Enlarge Name: #4 b.gif Size: 30 KB
  • #649
  • Edited 11:00am Aug 13, 2010 7:11am | Edited 11:00am
Sorry...
“A setback is a setup for a comeback.”
  • #650
  • Aug 13, 2010 7:11am Aug 13, 2010 7:11am
Quoting astral77
It is from the old thread posted by BOB way back in MAY 2009, you can find it at:
http://www.forexfactory.com/showpost.php?p=2738719

please ensure you know all its functions and functions before mixing things up.

Kind Regards
- - - - - - - -- - - -

Thank you.

Regards,
  • #651
  • Aug 13, 2010 7:14am Aug 13, 2010 7:14am
Steve here is a pic of IExposure It changed the Color for Sells but not the BUYS. Can you get it to do both. The .000 can go back to the sea green color but the BE numbers should be White and Red. Thanks for all your efforts here.
Attached Image (click to enlarge)
Click to Enlarge Name: ibe.gif Size: 18 KB
  • #652
  • Aug 13, 2010 7:15am Aug 13, 2010 7:15am
Quoting SteveHopwood
That is one superb revision sheet. Thanks to Marshy for putting it together.
Quoting Tread
Wow....the next nub...er.. trader that asks ...we get to throw the "cheat sheet" version at em. It's very well put together.
Quoting ForexKiwi
Absolutely great summary!!!!!!! Thanks to Marshy.
Quoting Edd Ganuelas
Thank you.

Your very welcome,

Thank you for the kind words.

“A setback is a setup for a comeback.”
  • #653
  • Aug 13, 2010 7:35am Aug 13, 2010 7:35am
Quoting nanningbob
Steve here is a pic of IExposure It changed the Color for Sells but not the BUYS. Can you get it to do both. The .000 can go back to the sea green color but the BE numbers should be White and Red. Thanks for all your efforts here.
Here you are Bob. The previous version was supposed to do this; I must have missed something out.

Later on, I will add user options to set the background colour to that of the chart to blank out trades that have no L2/3/4 partners - this will make the readings even more obvious.

Attached File(s)
File Type: mq4 NB 5.2 iExposure mod Steve.mq4   8 KB | 413 downloads
  • #654
  • Aug 13, 2010 7:50am Aug 13, 2010 7:50am
Quoting marshy
Your very welcome,

Thank you for the kind words.

Hi Marshy

you mention a Mouteki in your doc.
I ave a couple of mouteki-demarks here... would you mind telling me which one you use?

Thanks...

Uli
"The only successful substitute for brains is silence."
  • #655
  • Edited 9:34am Aug 13, 2010 8:04am | Edited 9:34am
Quoting DXTrade
Hi Marshy

you mention a Mouteki in your doc.
I ave a couple of mouteki-demarks here... would you mind telling me which one you use?

Thanks...

Uli
Hi

That is from the link below - this is Nanningbobs last forum before he started this new forum for version 5.0

http://www.forexfactory.com/showthre...69309&page=133

P.s That comment was made from the Trader of message 1994 on the above link page.

Marshy
“A setback is a setup for a comeback.”
  • #656
  • Aug 13, 2010 8:38am Aug 13, 2010 8:38am
Quoting nanningbob
Here is a better pic of when I would use it. #1 the EA would hit and enter when price hit the BB. #2 check price did not make it to the BB but at the cross of the yellow you have a nice little trade. #3 Same as #2. You cant always bet it will hit the BB but with price so high up above the GOLD line, I want that trade.

I probably am using the #3 EA in this situation more often but there are times I use the #4.

Thank you for the great explanation! When it comes to EAs, I am a noobie because as I said I did not even use indicators. I traded more of price action and various formations.

I will be definetly following this thread closely, I think your system has a lot of potential. I especially like the idea of trading-like-a-dealer and not using a stop loss to get out of negative trades.
Trade in the now
  • #657
  • Aug 13, 2010 9:02am Aug 13, 2010 9:02am
I have added a few inputs to make the display a bit more user-friendly.

If you only want this indi to display breakeven tp's for 2.4.2 trades, then set BuyBlankColor and SellBlankColor to your chart background colour. If you want everything displayed, then simply choose your colours.

FontSize allows you to alter the size of the display.

Attached File(s)
File Type: mq4 NB 5.2 iExposure mod Steve.mq4   8 KB | 447 downloads
  • #658
  • Aug 13, 2010 10:39am Aug 13, 2010 10:39am
Quoting SteveHopwood
I have added a few inputs to make the display a bit more user-friendly.

If you only want this indi to display breakeven tp's for 2.4.2 trades, then set BuyBlankColor and SellBlankColor to your chart background colour. If you want everything displayed, then simply choose your colours.

FontSize allows you to alter the size of the display.

That looks perfect. Gonna do an update this weekend with EA #7, this indicator and some other adjustments. I went through all your EA codes and made some small adjustments. Got Magic numbers to match the EA, coded to enter just at the cross in some others, and made the comments match the EA, etc. I hope your lines will draw trying out the EAs now on an account to see if they will enter a trade between now and closing and then putting the reenter line on the screen. Other than that time for bed for me. I will have to thank the guys for all their support and encouragement.

Oh just to let you know I had my first McDonald's McFlurry Ice Cream in 8 years. They finally arrived here in Nanning. Now I can gain weight again.

Very quiet day, only closed two trades which would be the fewest I have done since starting version 5.2. I guess Forex is punch drunk from yesterday. Could have had a couple of 20-30 pip winners but after yesterdays long runners I am getting greedy.
  • #659
  • Aug 13, 2010 10:46am Aug 13, 2010 10:46am
Just wonder (or i didn't get it at all :-( )

EU pair for example, looked at 1M chart and approve #2 to run... he took the trade after a while, then i moved to 4H and #2 open another order

it's not first time that changing chart TF and EA open orders although he did it on the same pair at other TF chart....

Help ??

Tnx
  • #660
  • Aug 13, 2010 10:53am Aug 13, 2010 10:53am
Quoting nanningbob
That looks perfect. Gonna do an update this weekend with EA #7, this indicator and some other adjustments. I went through all your EA codes and made some small adjustments. Got Magic numbers to match the EA, coded to enter just at the cross in some others, and made the comments match the EA, etc. I hope your lines will draw trying out the EAs now on an account to see if they will enter a trade between now and closing and then putting the reenter line on the screen. Other than that time for bed for me. I will have to thank the guys for all their...
The line-drawing stuff is correct - I have a live trade from earlier that placed the line correctly.

I have 4 open trades that I hope the last few hours of New York will make a dent in. Even if not, it has still been a fantastic week in which I have just about matched the pips from last week. Not as stunning as yours, but colossal for me.

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