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Nanningbob 4h trading system ver. 5.0

  • #881
  • Aug 19, 2010 12:25pm Aug 19, 2010 12:25pm
Quoting PhAnTi'
what t/p do you go for?
No set rules for TP at the moment. Anything aroung the 50 - 70 pips mark if i can. Also using Steve's MPTM to set B/E after approx 30 pips.

Just playing it safe at the moment. I have only been "studying" forex for about 1 year, as i mentioned in an earlier post, i'm just happy to be taking profits for now
  • #882
  • Aug 19, 2010 12:30pm Aug 19, 2010 12:30pm
Quoting PhAnTi'
do you even have the templates ? : D
Hi Phanti,
This screen shows the MPTM . This is a separate chart just showing the trades being mangaed by an EA.

I do have other charts with Indicators mainly no# 7 blank.
  • #883
  • Aug 19, 2010 12:42pm Aug 19, 2010 12:42pm
Quoting ES Trader
Hi Phanti,
This screen shows the MPTM . This is a separate chart just showing the trades being mangaed by an EA.

I do have other charts with Indicators mainly no# 7 blank.
ok.
I keep reading attachements from Steve to learn EA #4 #5 and #7....
#1 #2 and #3 are pretty cool !
Hero calls followed by margin calls...
  • #884
  • Aug 19, 2010 2:53pm Aug 19, 2010 2:53pm
Is there a way for the indicators to count a specific number of 4h bars?... because depending on the resolution of your screen, indicators present different values or its the same deal if the chart shift is turned on... indicators count less bars.
Trade in the now
  • #885
  • Aug 19, 2010 4:19pm Aug 19, 2010 4:19pm
guys guys guys, quit complicating the simplicity. Here is what your basic screen should look like. This is the standard look on MT4. If you use this there are no problems. I have been using this form of the MT4 4H as my basic screen for over 2 years. It works, you dont need to over think your way out of it. Take a look at the screen, make your decision and go. My win ratio for the last two years is over 75% and with version 5.0 over 83% dont try fixing something that isnt broke. You arent going to avoid losing trades or hitting runner trades no matter what you do. There is no 100% system. Now making adjustments to fit your style that you are already experienced with is one thing, but if you make changes and you arent familiar with the changes, who is going to teach you???? MacMan and Swingman are experienced traders who have trading styles slightly different than mine but they know what these changes do to their trading. SOOOOOOOOOOOOOOOO............................ KISS.
Attached Image (click to enlarge)
Click to Enlarge Name: eur cad.gif Size: 37 KB
  • #886
  • Aug 19, 2010 4:28pm Aug 19, 2010 4:28pm
heads-up guys.. eur/chf now on record low levels.
  • #887
  • Aug 19, 2010 4:40pm Aug 19, 2010 4:40pm
Can anyone help me, I can not open the files in the first post.
  • #888
  • Aug 19, 2010 4:43pm Aug 19, 2010 4:43pm
Simple Day. Anyways class starts in hour and half so got a couple of minutes. Used the MPTM of at 40 +25 and everything moved back to hit it. Closed out other trades that had gone into the hole and now were slightly profitable. Just took other profit trades because I was busy and did not want them to go back to losers. Lots of possibles today. See you later.
RESULTS
aud/cad +25
eur/cad +12
eur/jpy +16
gbp/jpy +25
nzd/cad +17
nzd/jpy +37
usd/jpy +25
currency pair and EA for now (you can figure out if it is a buy or sell)
aud/cad 1
aud/jpy 1
aud/nzd 3
cad/jpy 1
cad/chf 1
chf/jpy 1,2,or3
eur/nzd 1
eur/usd 1
gbp/aud 3
gbp/nzd 1 or 3
nzd/cad 1
nzd/jpy 1
nzd/usd 1
usd/cad 1
usd/chf 1
usd/jpy 1
STILL IN
aud/nzd -275 2L have the #3 EA on
aud/chf -10
chf/jpy +1
eur/chf -210 -35
eur/jpy -8
gbp/aud -18 used the #3 EA secondary resistance trade
gbp/jpy -38
nzd/usd -184 -53 ( I decided to let this one run since the aud/nzd was running but it came back down. dang.) bad decision to let price run when I could have quit with a minimum loss. double dang.
usd/chf -25

TOTALS
total for day +157
 for the week + 638
 for the month + 3201
 Carry over - 855

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]
  • #889
  • Aug 19, 2010 4:44pm Aug 19, 2010 4:44pm
Quoting cvarnado
Can anyone help me, I can not open the files in the first post.
Look in the right hand corner of the thread where you see the paper clip and try downloading from there. If that doesnt work you need a different browser. I use FLOCK and I have never had download problems with it.
  • #890
  • Aug 19, 2010 6:23pm Aug 19, 2010 6:23pm
Hi Bob,

Interesting stuff you have going on here. I do like the idea of deciding what strategy to implement based on what you see on the charts. Question....are you making your judgements at the close of H4 bars?

And your hugger trades....those are often great breakout trades....seems to me that's another EA.....

Cheers
CanuckCT
  • #891
  • Aug 19, 2010 10:04pm Aug 19, 2010 10:04pm
Quoting CanuckCT
Hi Bob,

Interesting stuff you have going on here. I do like the idea of deciding what strategy to implement based on what you see on the charts. Question....are you making your judgements at the close of H4 bars?

And your hugger trades....those are often great breakout trades....seems to me that's another EA.....

Cheers
CanuckCT
No my judgements are made by what I see on the screen. Closing bars always seemed silly to me. Why would you wait to get into a nice trade for 1, 2, or 3 hours because you want a bar to close? I studied that philosophy for about 15 minutes and said that is just stupid. When price hits the BB or crosses a MA line I am in, I dont wait for two hours later when it has already moved back down 25, 50, or 100 pips because I made up some dumb rule about waiting for a bar to close. Price does not move based on the TF of a bar, when price moves I make my move. I react to price action and what it is telling me. Open and closing of bars mean nothing except I just went from 3:59 to 4:00, that is all a closing bar means.
  • #892
  • Aug 19, 2010 10:12pm Aug 19, 2010 10:12pm
That's what I figureed....H4 ( or any unit that measures time) is arbitrary....I don't usually wait either.
Cheers
CanuckCT

Quoting nanningbob
No my judgements are made by what I see on the screen. Closing bars always seemed silly to me. Why would you wait to get into a nice trade for 1, 2, or 3 hours because you want a bar to close? I studied that philosophy for about 15 minutes and said that is just stupid. When price hits the BB or crosses a MA line I am in, I dont wait for two hours later when it has already moved back down 25, 50, or 100 pips because I made up some dumb rule about waiting for a bar to close. Price does not move based on the TF of a bar, when price moves I make my...
  • #893
  • Aug 19, 2010 10:33pm Aug 19, 2010 10:33pm
Quoting shag3doo
heads-up guys.. eur/chf now on record low levels.
yes, but red line is still above 15. so no trade so far.
meine augen sind die sterne
  • #894
  • Edited Aug 20, 2010 12:02am Aug 19, 2010 11:45pm | Edited Aug 20, 2010 12:02am
correct me if i am wrong, please. but i think this is a good example of the confluence of blue and white line.
first circle: white and blue are moving together very tight. good and long move for about 500.
second circle: blue moves but white doesn't follow and separates from blue. weak move for "only" about 150 pips.

edit: the sell position doesn't come from this ea. just ignore it.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 33 KB
meine augen sind die sterne
  • #895
  • Aug 19, 2010 11:58pm Aug 19, 2010 11:58pm
Quoting aserbfx
correct me if i am wrong, please. but i think this is a good example of the confluence of blue and white line.
first circle: white and blue are moving together very tight. good and long move for about 500.
second circle: blue moves but white doesn't follow and separates from blue. weak move for "only" about 150 pips.
just curious in yr screen shot, why do you have a "sell-trade", shouldn't it be a "buy" trade ?
  • #896
  • Aug 20, 2010 12:01am Aug 20, 2010 12:01am
Quoting Forces
just curious in yr screen shot, why do you have a "sell-trade", shouldn't it be a "buy" trade ?
yes, it doesn't come from this ea. it's from a diiferent ea. will edit my above message.
meine augen sind die sterne
  • #897
  • Aug 20, 2010 2:05am Aug 20, 2010 2:05am
Quoting aserbfx
yes, but red line is still above 15. so no trade so far.

Its a secondary trade not a primary
  • #898
  • Aug 20, 2010 2:40am Aug 20, 2010 2:40am
Quoting aserbfx
correct me if i am wrong, please. but i think this is a good example of the confluence of blue and white line.
first circle: white and blue are moving together very tight. good and long move for about 500.
second circle: blue moves but white doesn't follow and separates from blue. weak move for "only" about 150 pips.

edit: the sell position doesn't come from this ea. just ignore it.
Yes that is correct. If you are in a trade and it crosses the 25MA (same as 200 on a 30M chart) and the blue and white are tight you are sitting on a very solid trade. I usually dont wait that long, It is kind of funny but I do a lot of scalping on a 4H chart. LOL instead of long runs.
  • #899
  • Aug 20, 2010 2:43am Aug 20, 2010 2:43am
Hi guys,

Take a look at these pairs USDCHF & GBPCHF I see buy signals how strong are they?
forex is heaven and hell rolled up in one
  • #900
  • Aug 20, 2010 4:41am Aug 20, 2010 4:41am
Quoting PhAnTi'
ok.
I keep reading attachements from Steve to learn EA #4 #5 and #7....
#1 #2 and #3 are pretty cool !

You seemed to be enjoying. Keep going, we'll see you at the end of the road. I am not yet on the middle of my journey, but I hope to finish the race hoping to see the great gurus smiling victorious at the cross of the 1ma cross line.
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