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Nanningbob 4h trading system ver. 5.0

  • #2,241
  • Sep 23, 2010 10:06pm Sep 23, 2010 10:06pm
Quoting nanningbob
1. If this is a fresh start of MT4 Do not turn on your EAs until it has finished uploading all the back history into its files. That can take 10-30 minutes.
2.Then make sure all updates have been downloaded. I have found out updates will crash when it meets all these indicator at once.
3. This is also a reason I use as few as possible, some of these guys will load you platform with indicators if you listen to all the different things people use. Learn a couple and go. Some guys know ADX, some know RSI, some know Haiken Ashi etc etc. If you use...
yeah, i have ran into the "too many indicators trap" before. now when you download an ibfx mt4, it comes with like 10 eas included. I just sent pm to steve about all of this to see if he can help me out. Im about to buy a comp that will be dedicated solely to trading. i know this will make a difference. at present im using a computer that has every indicator in the world on it HAHA and they haven't helped a thing!!!

so when i get this new comp is will have ONLY the basics. will get rid of all the crap that the new mt4 comes with. and just use the stuff "we" use.

I have tried your suggestions and still freezes as soon as it starts. Don't know how to save it now. Im just gonna get rid of it completely and download fresh mt4 and start the same ole process again. (DAMN IT I had 174 hard earned demo pips on that demo too!!!) this time i will save the profile as soon as im done. I KNOW THAT FOR SURE!!!! will have a fun Friday morning setting this all up again!
  • #2,242
  • Sep 23, 2010 11:28pm Sep 23, 2010 11:28pm
Quoting jtmoore007
yeah, i have ran into the "too many indicators trap" before....
When I download a fresh MT4 the first thing i do is go into the folders and delete all the EAs, templates and indicators I dont use. Then I put my stuff and away you go.
  • #2,243
  • Sep 24, 2010 2:52am Sep 24, 2010 2:52am
Quoting SteveHopwood
I am not in an especially good mood tonight, so everyone please pardon any bad language that ensues. In a different context, I have spent the entire bloody day battling this bloody mt4 platform.

jt, this is an absolute bastard when it happens (platform crash, not my bad mood), and it happened to me a lot until I cottoned on to Profiles. Like many others, I have spent stupid amounts of time setting up multiple charts with the same info because those mindless pillocks who 'programmed' (and I use the term advisably; monkeys could have done...
I have created a separate directory on my machine called 'Profile Store'.

Each time I set up a new strategy or make some change I create a new profile and give it a name I can remember.

Then I go to the profiles directory in my MT4 and copy the directory with my newly created name to the store.

To recreate any past set-up, just go to the store and copy the directory back to MT4. You can then select your profile from within MT4.

A note of caution - you do need all the indicators, EA's which were used in the original to be present. Nothing nasty happens except of course you don't see the indicators.

Hope this helps ....
  • #2,244
  • Sep 24, 2010 2:52am Sep 24, 2010 2:52am
http://i688.photobucket.com/albums/v...ronaut/9-8.gif
  • #2,245
  • Sep 24, 2010 3:43am Sep 24, 2010 3:43am
Hello,

anyone got MA Angle.ex4 indicator? I loaded one of bob's templates and my experts tab indicates I'm missing that indicator.

can someone assist?
  • #2,246
  • Sep 24, 2010 6:58am Sep 24, 2010 6:58am
Hi guys... pardon my asking.

If you feel that this is not the right place for me to ask these questions, kindly PM the the right place to go...

1)Is it just me or does the "how to trade nanningbob manual" does not contain any info on how to take profit? I've been tyring to scour the files provided in the first link but can't seem to find any document pertaining to take profit. There is only how to trade and what to do in a losing trade situation. Someone point me in the right direction??

2)I know it is a counter trend strategy. I am basically a trend trader. But I like NB's ideas and want to test it out. The first trade I took is today's eurusd:
http://img837.imageshack.us/img837/4267/91611321.jpg

Uploaded with ImageShack.us

So... according to the strategy, I would have sold and right now would be in a loss. Is this right? I'm not bashing. I'm just confirming that I did the right thing and followed the rules correctly. Because if I did it right, I can now try out the 242 strategy

I am manual trading at this point in time. I didn't use any of the EAs given because they are a little messy for me to grasp right now. I will get it in time but manually trading should also be fine The idea is more important than the EA to me right now.

Feedback appreciated.
  • #2,247
  • Sep 24, 2010 7:29am Sep 24, 2010 7:29am
Quoting thelws
Hi guys... pardon my asking.

If you feel that this is not the right place for me to ask these questions, kindly PM the the right place to go...

1)Is it just me or does the "how to trade nanningbob manual" does not contain any info on how to take profit? I've been tyring to scour the files provided in the first link but can't seem to find any document pertaining to take profit. There is only how to trade and what to do in a losing trade situation. Someone point me in the right direction??

2)I know it is a counter trend strategy. I am...
First. Why would u have sold here? What ea does this fit to you? Second page 1 post one. Bob points where to go as far as take profit goes
  • #2,248
  • Sep 24, 2010 7:44am Sep 24, 2010 7:44am
Quoting jtmoore007
First. Why would u have sold here? What ea does this fit to you? Second page 1 post one. Bob points where to go as far as take profit goes

I didn't trade using any EA. It was a manual trade. I'm trying to grasp the concepts here.

I entered the trade because:
1)Price above blue line
2)MacD is above 85
3)Stoch crossed below MACD
4)The other stoch also crossed below MACD
5)The price went back inside the BB.

Entry was not perfect because I didn't use the EA. However that is not an issue. The more important thing I wouldl ike to know is - was this entry taken correctly according to the rules.

If it wasn't... why not? Please enlighten me.
  • #2,249
  • Sep 24, 2010 8:09am Sep 24, 2010 8:09am
Quoting thelws
I didn't trade using any EA. It was a manual trade. I'm trying to grasp the concepts here.

I entered the trade because:
1)Price above blue line
2)MacD is above 85
3)Stoch crossed below MACD
4)The other stoch also crossed below MACD
5)The price went back inside the BB.

Entry was not perfect because I didn't use the EA. However that is not an issue. The more important thing I wouldl ike to know is - was this entry taken correctly according to the rules.

If it wasn't... why not? Please enlighten me.
Easy Tiger.... just wondering if you read the first post of this thread. It explains TP for this system. also the setup looks like possible #3 to me

good luck
  • #2,250
  • Sep 24, 2010 9:03am Sep 24, 2010 9:03am
Quoting thelws
I didn't trade using any EA. It was a manual trade. I'm trying to grasp the concepts here.

I entered the trade because:
1)Price above blue line
2)MacD is above 85
3)Stoch crossed below MACD
4)The other stoch also crossed below MACD
5)The price went back inside the BB.

Entry was not perfect because I didn't use the EA. However that is not an issue. The more important thing I wouldl ike to know is - was this entry taken correctly according to the rules.

If it wasn't... why not? Please enlighten me.
From your description, it is not exactly clear where you entered. There was a primary trade on this chart about 11 candles away from your last candle. Both stochastic indicators and the MACD were bunched at the top. Price was in the top sixth, and price was outside the BB with the 1MA probably also showing some separation from the BB (not as clear from your chart). If you put EA#2 on at that point, you would have entered at about .33915

In his manual Bob states: "Knowing how to read the white line as compared to the blue is a key to trading this system." If they are running together, then you can stay with the trade. But the farther apart they get, the more likely it is time to get out. You use different colors, but your light blue line was running very fast away from the darker blue line. If you got out of this trade when your light blue line (the white in the RWB) crossed 15, it would have been a profitable trade with a sale at somewhere around .33300

If you entered on the last candle, then you might have a secondary trade. The BBs are bulging. The RWB conditions are not perfect, not all bunched on the top. It's not as clear an entry signal, but if you did enter here you would put on EA3, which I believe waits for the 1MA to cross the 4MA, here on the way down. I can't tell from your chart whether that occurred or not.

As for taking profit generally, I think Bob's best statement on it is as follows (this is from an earlier post on this thread, not from the manual):

"The TP section is in the RWB section of the manuals, (Hey I used manual instead of book, I am learning) but simply I have several listed.
1. when white sto reaches other side.
2. When blue sto reaches other side.
3. Stay if blue and white run together, dont stay if they are wide apart. White goes but blue does not.
4. When price reaches the middle BB
5. When price reaches oppposite BB
6. When white or blue cross the red line.
7. When price hits a S/R line (my most common approach)
8. Take the profit, there are plenty of trades. (my 2nd most common approach)
9. One guy here sets his at 50 so every trade he does is +50 from the EA or +10 from the MPTM
10. Some of my TP are based on currencies. Very Volatile 70-100+, NZD and AUD pairs 40+,
11. GUYS taking TP is market reading. If price is bouncing around I take lots of those 20-50 pip profits. If its big news time 100+. Most of my TP are in the 20-50 pip range. I feel I do better grabbing the profit and taking the reentry on the retrace rather than sitting to see if it will move a lot of pips.
12. JPY and early EURO I take 20-50 pips and grab them/ early USD and closing EURO is when you hit the jackpot of 100+ most of the time. After Euro close back to grabbing 20-50. My TP are market time sensitive."

Hope this helps, and sorry for being so longwinded.
  • #2,251
  • Sep 24, 2010 9:42am Sep 24, 2010 9:42am
Guys

I have now the following levels with EURUSD which just refuses to settle down:

L1 -612 Lot = 0.01 (since 14/9)
L2 -458 Lot = 0.01
L3 -87 Lot = 0.04

Obviously I entered L2 somewhat early and L3 very late, hence the 0.04. I think I started looking for L3 entry when L2 was -250 but 1MA kept running outside BB for another 150pips.

The question is: With L4 not yet near, should I bail out of L1 and take it on the chin?

The nearest sign of resistance I can see is fomr April!

Advise appreciated.
  • #2,252
  • Sep 24, 2010 9:50am Sep 24, 2010 9:50am
thx for reply. makes a lot of sense. what was missing was the TP. I didn't know what they were which is why I didn't get out. But i realize that it would never have been a losing trade if stops were moved to BE.

Anyway, i get to test 242

Regards
  • #2,253
  • Sep 24, 2010 9:54am Sep 24, 2010 9:54am
Quoting Zr-fx
Guys

I have now the following levels with EURUSD which just refuses to settle down:

L1 -612 Lot = 0.01 (since 14/9)
L2 -458 Lot = 0.01
L3 -87 Lot = 0.04

Obviously I entered L2 somewhat early and L3 very late, hence the 0.04. I think I started looking for L3 entry when L2 was -250 but 1MA kept running outside BB for another 150pips.

The question is: With L4 not yet near, should I bail out of L1 and take it on the chin?

The nearest sign of resistance I can see is fomr April!

Advise appreciated.
yes, cut your losses now.
this whole countertrend trading is just bullsh*t.
go with the trend and you will be fine. get on the long steady trends without countertrading for 40 pips.
you are more than 1000 pips in the red. is there a better proof available that countertrend trading doesn't work?!
  • #2,254
  • Sep 24, 2010 10:01am Sep 24, 2010 10:01am
Quoting alfotz
yes, cut your losses now.
this whole countertrend trading is just bullsh*t.
go with the trend and you will be fine. get on the long steady trends without countertrading for 40 pips.
you are more than 1000 pips in the red. is there a better proof available that countertrend trading doesn't work?!
Thanks for your valuable input but do you have any idea what this system is about and the results it has been achieving for everyone who put the effort in to learn and use it?

Given this is your first post I would say no.
  • #2,255
  • Sep 24, 2010 10:05am Sep 24, 2010 10:05am
Quoting alfotz
is there a better proof available that countertrend trading doesn't work?!
Alfottz, how stupid are you? Did you read the first post? 19000 pips in once year is a fluke? 4000 Pips in August was an accident? Did bob just trip and fall on the order button? Posting his trade before taking it and then show the result on profit ... was he getting it from a ouja board?

I guess the rest of us with healthy bank accounts are just imagining it?


A turd with a join date of today and his first post is this tripe sh1t. What a f@#$%^g moron.


Bob i got three words for you ..... 1 Vouch Rule
  • #2,256
  • Sep 24, 2010 10:08am Sep 24, 2010 10:08am
Can anyone helpe me with ATR5-200. Please.
  • #2,257
  • Sep 24, 2010 10:21am Sep 24, 2010 10:21am
Quoting alfotz
yes, cut your losses now.
This whole countertrend trading is just bullsh*t.
Go with the trend and you will be fine. Get on the long steady trends without countertrading for 40 pips.
You are more than 1000 pips in the red. Is there a better proof available that countertrend trading doesn't work?!
better to keep your mouth shut and be thought a fool than to open it and remove all doubt
  • #2,258
  • Sep 24, 2010 10:24am Sep 24, 2010 10:24am
Quoting alfotz
yes, cut your losses now.
this whole countertrend trading is just bullsh*t.
go with the trend and you will be fine. get on the long steady trends without countertrading for 40 pips.
you are more than 1000 pips in the red. is there a better proof available that countertrend trading doesn't work?!

LoL obviously doesnt know what he's talking about. I personally know a guy with a 6M dollar fund and all he trades is Mean Reversion. Which is exactly what this system is.

And he's producing continuous gains of 35-60% for the past 10 years
  • #2,259
  • Sep 24, 2010 10:33am Sep 24, 2010 10:33am
Quoting Monty13
Can anyone helpe me with ATR5-200. Please.

Apply? Go to indicators and click on atr (average true range) change value to 5 on one of them and 200 to the other.
  • #2,260
  • Sep 24, 2010 11:05am Sep 24, 2010 11:05am
Quoting alfotz
yes, cut your losses now.
this whole countertrend trading is just bullsh*t.
go with the trend and you will be fine. get on the long steady trends without countertrading for 40 pips.
you are more than 1000 pips in the red. is there a better proof available that countertrend trading doesn't work?!
You might want to have that argument with Mr W Buffet. But I am guessing by your obvious age that you may loose.

If I were you then I would stick to your day job of flipping burgers.

Scoobs.
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