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Nanningbob 4h trading system ver. 5.0

  • #1,981
  • Sep 18, 2010 5:18am Sep 18, 2010 5:18am
Quoting jm8985
Hello Mr. Nanningbob,

I will be in China this coming May, as my mother is a prof of ESL at a university here in the states(traveling along). You are in HK, Cantonese land?

I have a few questions about your method:

-Why not write an EA that's always on? One that goes long/short according EA#1 for example?
I understand that your EA gives some leeway for discretion, but what are the results of by the book trading of this method?

-I see up/down arrows on my charts. I also see purple vertical lines. Only the purple lines are mentioned briefly in...
1. EAs dont think
2. EAs dont read the news
3. See Steve Hopwood, he is already trying to do that.
4. Trading is a skill, its like programming a computer to be a golfer, dentist, or doctor. So far you cant replace the human brain with a computer.
5. The market doesnt follow the rules. It cheats.
6. I got Steve working on a project now that goes into one penny live trading this week.

I live in Nanning, Guangxi about an hours flight out of Hong Kong. I go to HK about once a year.
  • #1,982
  • Edited 5:58pm Sep 18, 2010 5:30am | Edited 5:58pm
Quoting nanningbob
Price has already spiked now its time for the retracement.
Hehe. I need that retrace. I am trend-trading a la David, but using Recovery instead of a stop loss. I got into a gj sell just before the Yen devaluation. Steve's perfect timing, as usual.

It also highlights the power of this method quite neatly. I had a smashing week despite the problems, and will post my trades later.

  • #1,983
  • Sep 18, 2010 5:57am Sep 18, 2010 5:57am
a good setup for ea #1
Attached Image (click to enlarge)
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meine augen sind die sterne
  • #1,984
  • Sep 18, 2010 6:28am Sep 18, 2010 6:28am
I'm well aware that EA's don't think, etc etc. I'm not intentionally trying to be annoying.

The CFTC will limit leverage to 50:1 in OCT. I'm a US trader, looking for more than 10 - 50 pips per day. This is the genesis of my questions.

I time the NY high/lows, and it works well (no threads on the topic). It's all up to discretion. I like your indicator combo, and am wishing/hoping that it's less brainwork for finding oversold/overbought conditions on a longer timescale.

If I were an EA, I would be looking for an indicator that provides better than 50/50 odds (all indicators are 50/50 fyi). Yes I'll assume I'll only get cheeky replies until I re-write it and answer the question myself.

Stay well,

-JM
  • #1,985
  • Sep 18, 2010 6:50am Sep 18, 2010 6:50am
Quoting jm8985
Hello Mr. Nanningbob,

I will be in China this coming May, as my mother is a prof of ESL at a university here in the states(traveling along). You are in HK, Cantonese land?

I have a few questions about your method:

-Why not write an EA that's always on? One that goes long/short according EA#1 for example?
I understand that your EA gives some leeway for discretion, but what are the results of by the book trading of this method?

-I see up/down arrows on my charts. I also see purple vertical lines. Only the purple lines are mentioned briefly in...
Jm,
You took that beating from Steve quite well. That's full strength Steve or maybe 3/4 strength.
  • #1,986
  • Sep 18, 2010 6:54am Sep 18, 2010 6:54am
Hi jm8985

Check out the auto trader thread for the NB stategy. The autotrader was created by Steve Hopwood - who was so gracious to you earlier...hee hee. I have been using his auto trader on a live account for 3 1/2 weeks. I have been back testing the heck out of it for each pair. I've also been performing some optimizations. I use his autotrader on these pairs CHFJPY(15M), EURCHF(1H), EURJPY(1H), EURUSD(15M), EURGBP(15M), GBPCHF(15M), GBPJPY(15M), GBPUSD(15M), USDCHF(15M) and USDJPY(15M). I know the original strat calls for 4H charts, but i'm comfortable with the 15M charts mainly. With a lot size of .01 my micro account with Alpari US has grown from $278 to $420 in 3 1/2 weeks (90+ trades). I have also altered SH's program alittle. He had some hard coded calculations in his program for the 4H time frame and I changed those to calculate based ont the current chart timeframe. I'm also currently demo testing with WSD from New Zealand, because of the new leverage going to 50:1, i'm looking at a foreign broker. This would also allow me access to trading up to 27 pairs, which I won't do at the beginning, but as my account grows I will phase in more pairs, that I deem the most profitable from demo testing.

Also, at this time I want to thank Bob and Steve and all the other numerous contributors for their efforts. Keep up the great work and thanks for sharing.

I hope this helps JM.

Thanks - Eric
  • #1,987
  • Sep 18, 2010 8:02am Sep 18, 2010 8:02am
Quoting jm8985
I'm well aware that EA's don't think, etc etc. I'm not intentionally trying to be annoying.

The CFTC will limit leverage to 50:1 in OCT. I'm a US trader, looking for more than 10 - 50 pips per day. This is the genesis of my questions.

I time the NY high/lows, and it works well (no threads on the topic). It's all up to discretion. I like your indicator combo, and am wishing/hoping that it's less brainwork for finding oversold/overbought conditions on a longer timescale.

If I were an EA, I would be looking for an indicator that provides better...
Jim I am working on something I think will work with the new regs and what I consider a more volatile market in the future. I believe future markets are going to be more jumpy so getting an EA or EA system to match will be golden. I go live trading this week with my thoughts and I sent the idea to Steve and Toothman for reviews. Both picked up on the same weakness but I wont know how to fix that until I get some live data to work with. I love IBFX as a penny broker and I dont mind taking 300 bucks and see if the idea will work. This idea has been perculating for 5 or 6 months now and I fianally got a combo that may work. Anyways just for a hint, it is the #2 EA working in reverse and I think it has merit. So Looking forward to testing it with 50:1 margin and one penny trades starting Monday. I will know in a week or two what this puppy will do in most markets and currency pairs. Hopefully we can have field day with it. If it doesnt work then its back to the drawing board, which has happened many many times. Anyways welcome to our thread and good luck.
  • #1,988
  • Sep 18, 2010 8:13am Sep 18, 2010 8:13am
300.00 dollars at 1 penny is 30,000 pips. If I lose that many pips I figure the idea isnt worth it.
  • #1,989
  • Sep 18, 2010 9:33am Sep 18, 2010 9:33am
Hey TCO,

Good to see some variations on the theme here. I have observed some interesting action on lower times frames as well. Not quite if it has legs yet or not. Care to share the optimizations and tweaked version of NB EA ?

Perhaps on another thread or possible to send thru via email ?

Thanks,

getdown71


Quoting TallCoolOne
Hi jm8985

Check out the auto trader thread for the NB stategy....
  • #1,990
  • Sep 18, 2010 10:18am Sep 18, 2010 10:18am
Quoting getdown71
Hey TCO,

Good to see some variations on the theme here. I have observed some interesting action on lower times frames as well. Not quite if it has legs yet or not. Care to share the optimizations and tweaked version of NB EA ?

Perhaps on another thread or possible to send thru via email ?

Thanks,

getdown71

TCO,
Sent you a PM with the same request...
  • #1,991
  • Sep 18, 2010 10:51am Sep 18, 2010 10:51am
Hi Guys,

I will post my ideas here - if that is okay with Bob. I would send you my parameter files. But I think you will want to optimize with your own broker feed and data. I have been optimizing the re-entry pips, the AtrTpPeriod, AtrTpMuliplier, FastEMA, SlowEMA and SignalSMA starting at 1/1/2009 going forward. The results are very interesting. I just optimize on balance, but i look at profit factor and drawdown as factors in picking a good optimization for a parameter set. You get some weird looking combinations...but it does make the pairs more profitable and seems to keep you out of recovery more often. It can me about 14 hours to optimize 1 pair on that much data. I optimize on M15 time frame mostly on opening prices. Then I perform my backtesting with the optimized parameter set on tick data. Of course before I optimize I do a back test with the generic settings on M15 to establish a control I copy all the trades and the back test to a a spreadsheet so I have them as reference to compare the optimization testing too. That is my strategy going forward. Let me know if you guys have anything to add, or if this sounds stupid....let me know also...i guess....be gentle.

Re-Entry Pips - 100 - 300 stepping 10
AtrTpPeriod - 10 - 30 stepping 1
AtrTPMult - 1 - 10 stepping 1
FastEMA, SlowEMA, SignalSMA, 1 - 100 stepping 1

Hope this helps..Thanks!
  • #1,992
  • Edited 7:38pm Sep 18, 2010 11:24am | Edited 7:38pm
Like your,"sang froid," when under fire. Your posts are very informative. Thanks a lot.
Vincit qui se vincit.
  • #1,993
  • Sep 18, 2010 11:48am Sep 18, 2010 11:48am
Quoting TallCoolOne
Hi Guys,

I will post my ideas here - if that is okay with Bob....
If you get some time, the old 60x90 thread has some good stuff in it as well. I gave up on small time frames because it is just too much up/down but fun to play with. I am serious now and focusing on pips and no more playing.

This system works well, but you will find people can't stay focused or get 'bored' rather quickly with something that works.

For example, my NB4.0 system had I still been trading it would have had probably the same DD, but 3 times the profit of the current 5.0 system. Nothing wrong with that and it was a lucky week maybe for that EA/system.

My point is, we as Humans could focus on making our business (this is my business) BORING and repetative. Instead we focus on the hunt/kill etc... I think that is why you will find Woman traders to be very good at this....

Sorry for my comments if they offend anyone. I do not intend to do that, just sharing my thoughts.
We are our own best indicator.
  • #1,994
  • Sep 18, 2010 11:50am Sep 18, 2010 11:50am
Quoting nanningbob
Page 1 post 1 it is in there. I called the bomb MPTM, found in the MPTM folder.
Oh, I thought I saw something a while back. I had forgotten, thanks for reminding me.

TO EVERYONE:

Remember, this is required sometimes as we are all busy and need a helping hand. haha..
We are our own best indicator.
  • #1,995
  • Sep 18, 2010 12:13pm Sep 18, 2010 12:13pm
Quoting TallCoolOne
Hi jm8985

Check out the auto trader thread for the NB stategy. The autotrader was created by Steve Hopwood - who was so gracious to you earlier...hee hee. I have been using his auto trader on a live account for 3 1/2 weeks. I have been back testing the heck out of it for each pair. I've also been performing some optimizations. I use his autotrader on these pairs CHFJPY(15M), EURCHF(1H), EURJPY(1H), EURUSD(15M), EURGBP(15M), GBPCHF(15M), GBPJPY(15M), GBPUSD(15M), USDCHF(15M) and USDJPY(15M). I know the original strat calls for 4H charts, but i'm...
that is what I call a good answer... I apreciate it sharing your experience with this ea
  • #1,996
  • Sep 18, 2010 5:48pm Sep 18, 2010 5:48pm
I think that was Steve on maybe 2 or 3, and I'm pretty sure that he "goes to 11" as Spinal Tap would say.

Odysseus

Quoting Toothman
Jm,
You took that beating from Steve quite well. That's full strength Steve or maybe 3/4 strength.
forexfusiondotcom
  • #1,997
  • Sep 18, 2010 6:32pm Sep 18, 2010 6:32pm
Here are my trades for the week:

eurcad 30 $1.46
audjpy 65 $3.55
gbpchf 30 $1.46
euraud -228 -$12.26
euraud -48 -$3.05
euraud 140 $13.86
nzdjpy 20 $1.10
audjpy 30 $1.75
nzdjpy 30 $1.74
gbpusd 30 $1.49
chfjpy 30 $1.76
usdchf 112 $5.53
eurchf 30 $1.47
eurjpy 23 $1.37

The +30 are all down to Bob's mptm 40/30 idea - I love this. Anything else apart from euraud was a jumping stop hit. Apart from the usdchf; this already amounted to about 1% of the account balance and had stalled for a couple of hours, so I thought, "What the hell?" and banked the profits. Single trades netting 1% are rare and should not be spurned.

euraud is a lovely example of Recovery in action. I use 1.1.2.4, so the process had reached L3. It cost me $3 of swap, but that is because I am an idiot, not because of failings in the system.

So, the totals:
293 pips
$21.23
4.62% increase on the balance this week. This makes a 23.97% increase on the balance since starting trading V5 in 2nd August. Starting balance was $459.16; current balance is $568.39.

Cheers Bob. You are a star. I might have mentioned this before. Sure hope so.

  • #1,998
  • Sep 18, 2010 6:56pm Sep 18, 2010 6:56pm
Quoting SteveHopwood
Here are my trades for the week:

eurcad...
impressive. Keep up the good work. P
Vincit qui se vincit.
  • #1,999
  • Sep 18, 2010 7:16pm Sep 18, 2010 7:16pm
Quoting SteveHopwood
Here are my trades for the week:

eurcad...
Steve,

Good work.

As I said a long time ago, with retail trading anything > 0 is good especially with the criminals around today.

However, i am not saying this because it was the obvious nasty trade for you but EURAUD out of all the instruments is probably the worst for trading a counter trend methodology.

Ofcourse all pairs go through a trend/range etc at some point but that pair is well known for sucking ones account dry. My EURO trading floor wouldnt touch it with a barge pole.

So, if it were me I would exclude this pair from your trading plan.

Cheers

Scoobs.
  • #2,000
  • Sep 18, 2010 7:39pm Sep 18, 2010 7:39pm
Quoting scooby-doo
Steve,

Good work.

As I said a long time ago, with retail trading anything >...
I agree with that assessment. My worst trade ever was off of that pair but I am such a sucker, I cant lay off a good looking trade. Appreciate the insight.
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