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Nanningbob 4h trading system ver. 5.0

  • #721
  • Aug 15, 2010 7:09pm Aug 15, 2010 7:09pm
Quoting SteveHopwood
Nice start to the week. I have an eurchf bulge buy with +10 already locked in.

Always good to start off well.

I was sleeping when the aud/nzd gapped almost 60 points. Been a nice quick TP on 2L well it is going down again so maybe later.
  • #722
  • Aug 15, 2010 7:09pm Aug 15, 2010 7:09pm
Quoting nanningbob
I maybe dropping my daily postings because of time. I simply cant do it much longer. It takes me 30-45 minutes a day just to post my daily trades and results and then their is the other postings and teachings. It has nothing to do with the newbie questions or frustrations but I simply will not have the time to do this much longer.
Nor is it necessary, Bob. You do enough here and there are plenty of us posting our results regularly.

I would prefer that you spend your time continuing to develop genius systems for the rest of us to learn. It will not be long before we are developing them for ourselves, but for the time being we want to learn from you.

  • #723
  • Aug 15, 2010 7:47pm Aug 15, 2010 7:47pm
Quoting SteveHopwood
Nor is it necessary, Bob. You do enough here but for the time being we want to learn from you.

not just from you, but from everybody who has something to share..
like they say... learning is a life long achievement
  • #724
  • Aug 15, 2010 7:55pm Aug 15, 2010 7:55pm
Quoting nanningbob
Doing videos is way too time consuming for me. I maybe dropping my daily postings because of time. I simply cant do it much longer...but videos are out. Sorry.
HI Bob

I think I suggested to you to drop your daily posts in the last thread and you replied by doing so it keeps your trades disciplined (which is logical). It would be nice to see what trades you are taking, however, the most time consuming part is the pip count and I think you have proven over and over the sustained profitability of the system. Having experienced traders such as Steve, Macman, toothman, etc, tradingn this system should be enough of an endorsement for anyone who is not convinced. Anyway we do not need to convince everyone, after all, the brokers need to make some profit.

I have been following your threads since May last year and you are at the most optimum level of your creativity, buzzing with new ideas. So with the new academic year starting soon please ensure you do not exhaust yourself.

Kind regards
  • #725
  • Aug 15, 2010 8:59pm Aug 15, 2010 8:59pm
Thanks to Steve

Suggest :

Can we combine all pair symbols in autrading robot.

That mean we just running in 1 bank template only and robot read all pair.
  • #726
  • Aug 15, 2010 11:13pm Aug 15, 2010 11:13pm
I love the NB scan idea. WOndering how it is going? I know it is in development but if there is one working or close I would like to set it up on a demo and watch it. So I need an update, I havent played with it yet just been too busy but I like the concept of the thing. Send me a private message or post here an update.
  • #727
  • Aug 16, 2010 1:01am Aug 16, 2010 1:01am
Quoting nanningbob
The gbp/usd did a 1300 pip run up in which there was a 250+ retracement for you to BE or take profit on, on the first part of the runup. It would not have been a problem.

The 2nd part of the run would have caused a L1 loss but levels 2-4 would have broken even or profited depending on how long you stayed with the reversal.

I have stated this before the signals are good at the time they are given that you notice a week or two later the lines have moved is irrelevant on a 4H chart. That is because the trade has already happened and most of...
Thanks alot for your effort. It's much more clear for me now how to deal in that situation. Will try it more
Quoting nanningbob
Doing videos is way too time consuming for me. I maybe dropping my daily postings because of time. I simply cant do it much longer. It takes me 30-45 minutes a day just to post my daily trades and results and then there is the other postings and teachings. It has nothing to do with the newbie questions or frustrations but I simply will not have the time to do this much longer. The good news is there are enough people who understand the basics to help with many of the questions posted, but videos are out. Sorry.
No problem. You've done much more for comunity than anyone can expect. Will keep in touch. Sorry if I took your time for dumb question.
  • #728
  • Aug 16, 2010 2:07am Aug 16, 2010 2:07am
Quoting melcox
Thanks alot for your effort. It's much more clear for me now how to deal in that situation. Will try it more


No problem. You've done much more for comunity than anyone can expect. Will keep in touch. Sorry if I took your time for dumb question.
Actually that is a very good question. Questions looking for insights I love to answer. Questions like how do I start, or how does this work, and where are the EAs (in other words asking where something that is in page 1 post 1) when I spent several paragraphs in my book explaining that are the bad ones. Questions of how would you do this during this situation is how you really learn the concepts of the system. That last question showing the GBP/USD run will really open some peoples eyes to the concept of the system. Trend traders just cant fathom how you can trade against a so called trend and make profit or break even. The problem I have with trends is you dont know when they started and you dont know when they end but the next day you can see it. My system I dont know when price will reverse but I know it will and when it does it causes a cross on something (bb Band or MA) and then I will get something. I like getting something everyday and if I trade out there at price exhaustion my chances are so much better ............. I am trading 84% win rate since July 11 when I start trading this system live on my account. I challenge any trend trader or fundamental trader to match that kind of win percentage. The reason the so called gurus dont post their trades is they dont want you to see that 40-60% of their trades are losers and making a profit is a tough hard grind. So keep the insightful questions coming, that is how you learn. Those I can tap out on a computer in about 5 minutes when I take a break. Imagine this, I am so relaxed in my trading system I do it as a break from my work. LOL
  • #729
  • Aug 16, 2010 2:30am Aug 16, 2010 2:30am
Hi, Just some help please in the folders on page 1 you have a load of ea's (steve's) and templates one for each ea and blank

1) On the bulge explanation it talks of a dotted yellow line to flattern the bb , when i load say the bb template there is 4MA yellow is this the same

2) I see many times where trades are taken with the red macd not at 85 or 15 is this not necessary to have at the 15/85 limits with the white and blue lines. i am aware that it is criticl the blue is there but the documentation talks of all bands clustered together

3) On using the templates is it correct to observe trade setups using the blank template and then load the appropriate templete to suit conditions ( a bit like selecting the right club in golf) and once activated replace the ea with the trade mangement ea steve created or do i use the blank templete and drag the correct ea from the list of eas and replece with the trade mng ea when in atrade.

hope you can help - i appologise if i am asking something which is obvious or already written but i have gone through the pages and documents on this thread and can not find the information

thanks
  • #730
  • Aug 16, 2010 3:08am Aug 16, 2010 3:08am
Hi, Just some help please in the folders on page 1 you have a load of ea's (steve's) and templates one for each ea and blank
I put up updat 5.3 so you can have Steve's most recent EAs available to you without searching the thread for them. They are the same ones I am using live right now.

1) On the bulge explanation it talks of a dotted yellow line to flattern the bb , when i load say the bb template there is 4MA yellow is this the same

On the Bulge EA the 4MA high or low is the trade line. BB is off the screen but price has just exhausted itself so it will rest for a day or two. This allows you to pick off those trades at the highs or lows. So on the Bulge we switch to a 4MA until the BB bands come back into play.

2) I see many times where trades are taken with the red macd not at 85 or 15 is this not necessary to have at the 15/85 limits with the white and blue lines. i am aware that it is criticl the blue is there but the documentation talks of all bands clustered together

Primary trades are taken at or around (depending on the pair) 85/15 lines with confirmation from the 6ths indicator. This is the #1 EA Primary. Then you have 5 more EAs for other situations. I recommend you learn primary trades and then secondary trades (same as a primary trade but later in time) Once you get the hang of those two kinds of trades you will then see the setups for the others.

3) On using the templates is it correct to observe trade setups using the blank template and then load the appropriate templete to suit conditions ( a bit like selecting the right club in golf) and once activated replace the ea with the trade mangement ea steve created or do i use the blank templete and drag the correct ea from the list of eas and replece with the trade mng ea when in atrade.

Yes, I am switching templates all the time based on market conditions and trades. Once I get near a reentry point I then choose which EA I think best fits the situation. ( I like your analogy of the golf clubs, that really fits what I do with the system) The MPTM can be used for just one trade or all trades. You can take a screen and have the MPTM running all the time and using the All trades set to true. Then you dont have to move it to any screen. It is on all the time. I use the #7 MPTM always with the #7 EAs so it is on all the time on my screen. I seldom use the MPTM during the summer when price action is not so volatile (this summer has been an exception) but use it in the fall more when price swings more often.
  • #731
  • Aug 16, 2010 3:56am Aug 16, 2010 3:56am
Hi, just some help please to set up the indicators as post #2 for MT4 .

I have downloaded 5.2A.zip and 5.2B.zip . I would like to have MACD and STO indicators but I don't know how to set up them properly , please give me some instructions

Thanks Nanningbob for great trading system . It's the best system , I've even known .
  • #732
  • Aug 16, 2010 4:21am Aug 16, 2010 4:21am
Quoting SteveHopwood
Bob, despite what I wrote in the auto-trading thread about not automating 2.4.2 recovery, I am trying to code a basic one.

In the course of doing so I am looking at iExposure to work out how it calculates the tp for the trade group.

I realise there is a problem with iExposure. Indicators have a maximum of 7 'buffers', or groups of information. Therefore it will only calculate the first 7 ptpk in the order list=

We need someone who understands indis to re-write it so it only displays those trades that are subject to 2.4.2


As an idea

Dump the indi to a CSV, perform the necessary cals on a excel sheet and use the EA to pull the end result back it in to make the decision

That way you can handle more than 8 recovery trades (tho if you have any where near this to handle yer in a bunch of trouble anyhow and need to be in front the computer.)

Another benefit tho is that Bob may be able to format this CSV to produce his weekly report automatically.

I would try it, but I'm still the kid with the sharp stick goes goes poking around the code, when it screams i know im doing something right... this calls fer the talent of Swingman or F451 and other gurus.
  • #733
  • Aug 16, 2010 4:31am Aug 16, 2010 4:31am
Hi Bob !

Have you ever thought about replacing the lagging MACD indicator
with another one like a longer Stochastics or doesn't it
influence your trading that much ?

I think one guy mentioned something about it in one of the posts.

Kind regards

bernhard
  • #734
  • Aug 16, 2010 5:03am Aug 16, 2010 5:03am
Quoting behof
...Have you ever thought about replacing the lagging MACD indicator with another one like a longer Stochastics or doesn't it
influence your trading that much ?
I think one guy mentioned something about it in one of the posts.
In #227 I posted such an indicator (smNB MACD):
http://www.forexfactory.com/showpost...&postcount=227
.
  • #735
  • Aug 16, 2010 5:40am Aug 16, 2010 5:40am
Quoting SwingMan
In #227 I posted such an indicator (smNB MACD):
http://www.forexfactory.com/showpost...&postcount=227
.
Hi Swingman !

Thanks a lot and may your avatars brain absorb some of your
intelligence.....

But I think he doesn't need it anymore....

Regards

Bernhard
  • #736
  • Aug 16, 2010 6:13am Aug 16, 2010 6:13am
Quoting behof
Hi Bob !

Have you ever thought about replacing the lagging MACD indicator
with another one like a longer Stochastics or doesn't it
influence your trading that much ?

I think one guy mentioned something about it in one of the posts.

Kind regards

bernhard

Nope. Already had this discussion.
  • #737
  • Aug 16, 2010 6:14am Aug 16, 2010 6:14am
Quoting fxyu
Hi, just some help please to set up the indicators as post #2 for MT4 .

I have downloaded 5.2A.zip and 5.2B.zip . I would like to have MACD and STO indicators but I don't know how to set up them properly , please give me some instructions

Thanks Nanningbob for great trading system . It's the best system , I've even known .
Instructions are in Pg1 Post 1 start with read this First.
  • #738
  • Aug 16, 2010 6:21am Aug 16, 2010 6:21am
Quoting nanningbob
Instructions are in Pg1 Post 1 start with read this First.
Btw bob, did you ommit the yellow lines (Sixth) from the EA templates on purpose ?? (you got the decision which EA to use and no need for them
till next round ??)

Tnx
  • #739
  • Aug 16, 2010 9:46am Aug 16, 2010 9:46am
Quoting T1stmilfx
Btw bob, did you ommit the yellow lines (Sixth) from the EA templates on purpose ?? (you got the decision which EA to use and no need for them
till next round ??)

Tnx
You already have it and that is not a key component of the #7 EA since it is mainly a L2 or L3 EA. Unless you missed the #1 or #2 entrance the #7 is part of your recovery strategy. Again depending on market conditions i will use the #7 EA anywhere on the chart but for it to be effective you already have a price run going so it is already somewhere near or past the GOLD lines. I will use it on most of the big moves that go outside the BB lines. I mainly developed it in case of #2 EA failure to retrace so I now use the #7 but I think it also makes a good trendline break EA too. If you are using the MACD divergance tool when you get divergence this EA or the #5 maybe your best entrance to the trade depending on price movement. In other words, do I want a sand wedge or the 9 iron on my next shot. Like the golf bag terminology, I think it really fits what I have put together here. Maybe we will become the Tiger Woods of golfing ................ hmmmmmmmmm ................. lets see Swingman can be my swing coach. Steve can help me with my driver .................... MacMan can help with the sand shots ....................... Toothman can teach me how to putt ............
  • #740
  • Aug 16, 2010 1:47pm Aug 16, 2010 1:47pm
Quoting nanningbob
You already have it and that is not a key component of the #7 EA since it is mainly a L2 or L3 EA. Unless you missed the #1 or #2 entrance the #7 is part of your recovery strategy. Again depending on market conditions
First, Tnxxxxxxxxxxxxx for the expanding #7 use

Second, sorry i made you write so long.... i didn't ment to the #7 .tpl at all , I understood the #7 is mainly to furnish #2 move from outer BB in... and after the above expend I know more about it now need to learn to use it :-)

about the Sixth indi (sry didn't specify it) I just reffer to the fact that the trade templates #1, #2 etc. not inc. it, and i wonder if that's because we all ready used this indi to get decision regard which EA to use and now we just stick to the trade and the gold/yellow lines have no more use :-)
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