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  • #421
  • Sep 21, 2010 1:40am Sep 21, 2010 1:40am
This is interesting. It's been hugging the gold line from some time. Not much happening at all and the BB is closing in. Calm before the storm?

I am just not comfortable going into JPY at the minute. Only shorted AJ which is now green (just).
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.JPG Size: 117 KB
  • #422
  • Sep 21, 2010 3:08am Sep 21, 2010 3:08am
Quoting bluemele
Dude's, is this a narrowing of the bands or what....

Spike

--> bearish?!!
Hero calls followed by margin calls...
  • #423
  • Sep 21, 2010 6:51am Sep 21, 2010 6:51am
Quoting PhAnTi'
Spike

--> bearish?!!
I think everyone is just waiting for the news?
We are our own best indicator.
  • #424
  • Sep 21, 2010 6:53am Sep 21, 2010 6:53am
Quoting Bambo0
Hello bluemele,

in deed, so the best time for the EA3 - right?

br
Bambo0
Good question. I haven't figured that EA out yet. Haha... I have used it, but I am not sure on precise timing as I haven't read the manual.

anyone comment on that?
We are our own best indicator.
  • #425
  • Sep 21, 2010 7:14am Sep 21, 2010 7:14am
Quoting bluemele
Dude's, is this a narrowing of the bands or what....

IMHO this is caused by the big spike due to BOJ intervention last week and not a true representation. Therefore I am ignoring it and staying away from these till next week when things have setteled down somewhat.

Kind regards
  • #426
  • Sep 21, 2010 7:17am Sep 21, 2010 7:17am
Quoting bluemele
Good question. I haven't figured that EA out yet. Haha... I have used it, but I am not sure on precise timing as I haven't read the manual.

anyone comment on that?
I used it a couple of times and got burned (becuase I did not know the right time to use it!), so I left it for a while. I am just coming back to it now, along with EA4. I believe the idea behind it is that if you see a good setup (RWD at extreme, price above gold) but the BB is too far away or off the screen then you can use it. It looks at the cross between 1MA and the 4MA. The idea is that it wait for a loss of momentum thus providing some protection.

People, please correct me if I'm wrong.
  • #427
  • Sep 21, 2010 7:55am Sep 21, 2010 7:55am
are you pulling our leg, blue?

Quoting bluemele
Good question. I haven't figured that EA out yet. Haha... I have used it, but I am not sure on precise timing as I haven't read the manual.

anyone comment on that?
  • #428
  • Sep 21, 2010 9:04am Sep 21, 2010 9:04am
Quoting Bambo0
Hello bluemele,

in deed, so the best time for the EA3 - right?

br
Bambo0
U r missing it completely. Go back to page 1 post 1 of the main thread and read all attachments about 10 times. Marshy breakdown is really good. Print it off and have next to u at computer.
  • #429
  • Sep 21, 2010 9:39am Sep 21, 2010 9:39am
Quoting jtmoore007
U r missing it completely. Go back to page 1 post 1 of the main thread and read all attachments about 10 times. Marshy breakdown is really good. Print it off and have next to u at computer.
Hello jtmoore,

your feedback is not valid. I DID read the manuals 10 times, (sometimes not so easy, as some rules have been changed in the meantime) and here is the right location for asking those questions:

This thread has been started for Bob’s students (see page 1 post 1)





The EA#3 rules are:

  1. when the outer BB bands go off the screen (it did)
  2. Price ran outside the BB and came back inside (valid when I looked to the chart - see screenshot)
  3. It is only meant to be used beyond the gold lines (we are)
  4. It is only meant to be used after a big move and run on the BB bands (point for discussion)
  5. Now the reason for the question:

    1. It is only meant to be used when the 25 BB (white line) is still running away from price and the Bulge bands are going towards price. On the screenshot I would say - its valid but not clear...

  6. When the outer BB (white line) are moving back to price action you take the #3 EA off your screen and go back to normal signals of the #1 and #2 EA. (this scenario we have in the meantime)

Any constructive feedback, welcome...

Attached Image




I am primary trading the EA#1 & EA#2 with good results, but still looking for the EA#3 scenarios to practise (that´s what students do, don´t they?)
  • #430
  • Sep 21, 2010 9:42am Sep 21, 2010 9:42am
Quoting Bambo0
Hello jtmoore,

your feedback is not valid. I DID read the manuals 10 times, (sometimes not so easy, as some rules have been changed in the meantime) and here is the right location for asking those questions:

This thread has been started for Bob’s students (see page 1 post 1)



The EA#3 rules are:[list][*]when the outer BB bands go off the screen (it did)[*]Price ran outside the BB and came back inside (valid when I looked to the chart - see screenshot)[*][font=Calibri][font=Calibri][font=Calibri]It...
need to have a look at RWBs plz
Hero calls followed by margin calls...
  • #431
  • Sep 21, 2010 10:05am Sep 21, 2010 10:05am
Quoting Bambo0
...[list]

[*]Now the reason for the question:

  1. It is only meant to be used when the 25 BB (white line) is still running away from price and the Bulge bands are going towards price. On the screenshot I would say - its valid but not clear...

[*][font=Calibri][font=Calibri][font=Calibri][font=Calibri]When...

Hi

You are quite right my friend. In this thread no subject is taboo and you can have as many questions / points / posts as you like. It is a very easy going thread and even subjects which are not strictly within the field of this system can be discussed. We are a group of traders sitting around a round table and just talking.

Back to the main issue. IMHO 3#EA is very subjective and I only use it for some recovery trades only, it would help greatly if you have the EA3 template with the dotted BB showing as well. When I say subjective I mean it is very much up to the feeling of the trader. BOB says when the outer BB bands go off the screen it can take 1 to 2 weeks before they come back to normal again and he does not want to let some good trades pass us by. Moreover, he states "I Designed the #3EA to flatten out during bulges and make trades off re-tracements back to S/R points" (it would help if you have the support resistance indicator on the screen as well).

DO NOT FORGET THIS POINT:
"This #3EA was designed to help you to get rid of some of your DD from a bad run. Kind of helps me get out of trouble. So when that YELLOW DOTTED line goes back inside the white line turn on good ole #3EA and see what happens" Nanningbob.

Kind regards
  • #432
  • Edited 11:14am Sep 21, 2010 10:56am | Edited 11:14am
Quoting astral77
Hi

You are quite right my friend. In this thread no subject is taboo and you can have as many questions / points / posts as you like.
I agree, providing the person has done his homework and it's a valid question, which in the case of Bambo0 I would say is a valid question.

Quote
it would help greatly if you have the EA3 template with the dotted BB showing as well

Looking at NB's EA3 template I can only see the addition of another MA. No dotted BB. I think the EA3 manual does show what seems to be a dotted BB but not the template.

Since I am using Phover's panel I have built different templates to match NB's to help identify the suitable EA. Hence it would be useful if we can agree which MA is to be used on which template. I think there is some confusion over some of them:

All BB are 25 MA except #7 which is 25MA shifted 3,
All charts use the 1MA median
after that
EA #3 4MA (the origianl NB5 template use 3MA but Bon has since confirmed the code actually uses 4MA)
EA #4 & #5 3MA
EA #7 15MA BB shifted 3

Can anyone confirm or correct this please?

Edit: I had a look in the code of the NB5 EAs. I am not a coder but can manage (barely) to read code to a certain extent. From there I think EA#4 uses 3MA shift 1. All MAs are Linear Weighted, Median, apart from EA#3 which uses Low for the buy and High for the sell.
  • #433
  • Sep 21, 2010 11:50am Sep 21, 2010 11:50am
Quoting nanningbob
For example now the eur/chf has refused to retrace and all the others have. Did we know before the run which one wasnt going to retrace? I wish I knew
Actually if the EUR/CHF run is because of the Swiss National Bank intervention/montetary policy (likely), and they care primarily with the EUR/CHF because that is the biggest real-economy currency pair for Switzerland that the SNB monitors.....then yes one could have "known".

Don't counter trend a central bank. Unless you're George Soros, they have more money than you do.
  • #434
  • Sep 21, 2010 12:07pm Sep 21, 2010 12:07pm
Quoting Zr-fx
...Looking at NB's EA3 template I can only see the addition of another MA. No dotted BB. I think the EA3 manual does show what seems to be a dotted BB but not the template...
Hi

You need templates 5.1 #3 Buy Bulge and 5.1 #3 sell Bulge, also the indicators NB Bulge buy and NB Bulge sell.

kind regards
  • #435
  • Sep 21, 2010 2:02pm Sep 21, 2010 2:02pm
Quoting astral77
Hi

You need templates 5.1 #3 Buy Bulge and 5.1 #3 sell Bulge, also the indicators NB Bulge buy and NB Bulge sell.

kind regards
Astral. Thanks for the reminder. The latest templates from Bob are 5.2, not 5.1. There is no dotted BB in those. Also the 5.2 #3 templates include 3MA but this is incorrect as stated by Bob recently. I am not sure what you mean by NB Bulge buy/sell indicator. Do you mean EA?

In any case all I wanted to do was clarify which MAs are used where as this is not very clear. As I said I am building seperate templates that I use with the panel.

Thanks
  • #436
  • Sep 21, 2010 4:07pm Sep 21, 2010 4:07pm
Great thread, and a very interesting supplement to Bob's main thread.

A while ago, (comments 288-290) there was some discussion about the consequences of making a return of 6.6%/month. Someone said that, over 10 years, this would cause an account of $30K to grow to $7 million. That's off a little. Actually 6.6% compounded monthly over ten years would grow an account to just over $64 million.

Unfortunately, however, the taxman takes his cut. Assuming a tax rate of only 35%, taken on an annual basis, you would get knocked back to just over $8 million. In actuality, it would probably end up being somewhat lower. (Just as an observation, here is an example where the taxman is clearly reducing his total revenue by increasing rates on successful traders.)

Either way, the results are phenomenally good.
  • #437
  • Sep 21, 2010 4:15pm Sep 21, 2010 4:15pm
Quoting Zr-fx
Astral. Thanks for the reminder. The latest templates from Bob are 5.2, not 5.1. There is no dotted BB in those. Also the 5.2 #3 templates include 3MA but this is incorrect as stated by Bob recently. I am not sure what you mean by NB Bulge buy/sell indicator...
Oooops. Something gone wrong here. It may be the case that when Bob updated 5.1 to later versions some things were sort of left behind. Here is #3 5.1 update, including the INDICATORS and the tpl file. Load it up and use it for your 3 EA trades. I will bring it to Bob`s attention. Do not want to post it there in case there is a reason for its omission.

Kind Regards
Attached File(s)
File Type: zip #3 5.1 update.zip   128 KB | 211 downloads
  • #438
  • Sep 21, 2010 4:19pm Sep 21, 2010 4:19pm
Quoting duffypratt
Great thread, and a very interesting supplement to Bob's main thread.

A while ago, (comments 288-290) there was some discussion about the consequences of making a return of 6.6%/month....
Hahaha... Yes, the Taxman!

Most people don't have to worry about him too much.

On EA #3, honestly, I am not that technical.

Some people are super duper, this is the entry, this isn't the entry. Honestly, this is like shooting fish in a barrel for me. It is more of a gut feeling than if a line matches up to this or that. Yes, the EA gives me a nice entry while I am not looking, but if I don't feel comfortable getting in, regardless of what line is doing what, then I stay out. If I feel great about it, then I get in.

I could give you example after example...

For me, the magic sauce for this technique is strictly money management. I will have losers, I will have lots of drawdowns, and I will use the wrong EA's, part of the time and have bad entries.

AND, I WILL GO AGAINST A CENTRAL BANK ETC... It is my money to lose and I will lose some. Overall though, my returns should be plenty strong without worrying if this matches up exactly with that.

I built an EA a while back dubbed it "Double Dragon" which was really NB's with some modifications. Ok, I tested it on 22 pairs over 7-9 years and out of that it blew up a few times and got to L6. I wasn't doing the 2.4.2 but just kept entering etc..

My point was that when you use 2.4.2, you are going to lose a lot. You will have 500 pips coming out of your pocket often. Sometimes 3 times a month, sometimes, 1 time, sometimes no times.

My philosophy is that the RWB, BB's, etc.. help you line up a more effective entry to get effecient pips, but...

They don't keep you from losing or having large drawdown.

Just my philosophy, not intended at anyone specifically, but just sharing my mindset.

I use the #3 EA sparingly, as I am still getting my head around the usefulness over a manual entry?
We are our own best indicator.
  • #439
  • Sep 21, 2010 4:27pm Sep 21, 2010 4:27pm
Now for my serious question. I see people are backtesting some of the EAs here. Has anyone taken a look at price action between the placement of an EA and the entry?

Several of Bob's EAs guarantee entry. EA1 filters some trades if price doesn't hit the BB. But with some of the other EAs, its pretty clear that the entry is bound to happen with an MA cross. I believe this is true of EAs 2-5. The main purpose of the EAs, as I understand it, was to semi-automate the system so you don't have to go blind waiting for the entry to happen.

But they also give another point for analysis. After a large number of trades on one of the EAs, it is possible to look back over the trades and find out how the price moved, on average, in the interim. There are four possibilities:

1) If the price tends to move in the direction of the trade before entering, then the EA is on balance costing you pips, and you would be better off entering at the time you put on the EA, rather than letting the EA do the entry.

2) If the price stays flat, then the EA is not doing any harm, but its also not doing much good.

3) the price moves away from the direction of the trade. Here the EA is helping you out and is clearly beneficial. But if this is the consistent result, then you could get more benefit by entering first in the opposite direction of the trade, then selling that position and entering with the NB trade when it crosses.

4) no-one knows or has bothered to look at what happens between putting down these EAs and the entry into the trade. Either that or there simply is insufficient data.

Right now, from what I can tell, it looks like number 4 is the current state. It seems to me that it would be pretty easy to adjust a bot to backtest this. All that would have to be done is make it so: 1) where the EA now gets placed onto the chart, the system instead places a trade with the trend, and 2) when the EA would now enter the counter-trend trade, it closes this trade. With that, it would be easy to see what's going on with an EA between it's placement and the entry of the trade, and to see whether there is more money to be made in this space.

(When I say it would be easy, I mean easy in theory, since I know what changes need to be made. I haven't yet learned the programming language for MT4, so I'm not competent to make these changes myself.)
  • #440
  • Sep 21, 2010 4:37pm Sep 21, 2010 4:37pm
Could anyone point me to a page or maybe explain to me how EA5, EA7, and EAS work?

I have tried searching and am unable to locate exactly how these work.

I can somewhat read the code from phover's dashboard but what I am more interested in is when to use these EA's and why.
for example i can read from his code that EA 5 will buy if price is greater than a MA of 30, and MA of 31 is greater than MA of 1... but when exactly would i use this and EA7 and EAS.
Inserted Code
  if(EA5) {  
    BUYme  = Ask > MA30 && MA31 > MA;

Thanks
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