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Nanningbob 4h trading system ver. 5.0

  • #2,341
  • Sep 26, 2010 4:52pm Sep 26, 2010 4:52pm
Quoting scooby-doo
I wouldnt do it.

Take a look at their Daily ATR which I believe MT4 calculates incorrectly for some reason on these pairs. They can move up and down more than their stated Daily ATR in 10 minutes.

You might be alright trading them with a $1M account using 0.01 lots.

I still cant figure out what the hell the ReEntry levels would be on these numpty pairs.

Scoobs.
You guys are funny.

I have done reasonably well on the those pairs over the last couple weeks. Nothing HUGE, but nothing that bad.

I didn't realize they were that inclined to OIL which is a trender!

Caution noted.
We are our own best indicator.
  • #2,342
  • Sep 26, 2010 4:54pm Sep 26, 2010 4:54pm
Quoting SteveHopwood
I haven't posted my last weeks results here because there is no point. I did have one +30 last Monday, but that was it for the week.

After that, it was dd + dd + dd + Recovery + Recovery + Recovery.......

I think the poor old account will be into Recovery until my yet-to-be-born grandchildrens grandchildren come to maturity.

Or the next half-way decent retrace kicks in. One thing I gleaned from my basket-trading days is this; when you have a lot of trades in place, the picture can change rapidly and a ridiculously-loosing position...
Great point, that we can either be singing drinking songs or crying in the beer this week. Either way, I will sit, watch, learn and evolve.
We are our own best indicator.
  • #2,343
  • Sep 26, 2010 4:58pm Sep 26, 2010 4:58pm
Quoting bluemele
You guys are funny.

I have done reasonably well on the those pairs over the last couple weeks. Nothing HUGE, but nothing that bad.

I didn't realize they were that inclined to OIL which is a trender!

Caution noted.
If there is a sudden change in the price of Oil and you happen to be on the wrong side then you will get killed trading these pairs.

Scoobs.
  • #2,344
  • Sep 26, 2010 5:01pm Sep 26, 2010 5:01pm
Quoting bluemele
Great point, that we can either be singing drinking songs or crying in the beer this week. Either way, I will sit, watch, learn and evolve.
Sounds like A Plan to me.

  • #2,345
  • Sep 26, 2010 5:03pm Sep 26, 2010 5:03pm
At last. Dem dam markets dey be open again.

Ye Gods, but weekends are a long time these days.

Remember those lovely pre-forex days, when weekends were far too short?

Hey ho.

  • #2,346
  • Sep 26, 2010 5:47pm Sep 26, 2010 5:47pm
O crap. I can't believe what just happened.

I thought I had mptm set to close all trades if the negative upl reached the point where the equity was only $150.

Wrong. I had the bloody thing set to close all open trades at a negative upl of -$150.

And people still ask me about how to use mptm? How the blazes should I know? I only coded the damn thing yet still get it wrong.

Bugger.

This wipes out all my profits from the last 6 weeks trading and then a few more.

Bollocks bollocks bollocks and fuck.

Ah well. Now I start again with the benefit of a shed-load of experience and the knowledge that my idiocy can wipe out my profits at worst.

Hey ho.

Shit.

Fuck.

Crap.

Could someone please ask a really stupid question please? I feel the need to eat someone alive.

  • #2,347
  • Sep 26, 2010 5:56pm Sep 26, 2010 5:56pm
Quoting SteveHopwood
O crap. I can't believe what just happened.

I thought I had mptm set to close all trades if the negative upl reached the point where the equity was only $150.

Wrong. I had the bloody thing set to close all open trades at a negative upl of -$150.

And people still ask me about how to use mptm? How the blazes should I know? I only coded the damn thing yet still get it wrong.

Bugger.

This wipes out all my profits from the last 6 weeks trading and then a few more.

Bollocks bollocks bollocks and fuck.

Ah well. Now I start again with...
What time is it in ......
  • #2,348
  • Sep 26, 2010 5:57pm Sep 26, 2010 5:57pm
Quoting SteveHopwood
O crap. I can't believe what just happened.

I thought I had mptm set to close all trades if the negative upl reached the point where the equity was only $150.

Wrong. I had the bloody thing set to close all open trades at a negative upl of -$150.

And people still ask me about how to use mptm? How the blazes should I know? I only coded the damn thing yet still get it wrong.

Bugger.

This wipes out all my profits from the last 6 weeks trading and then a few more.

Bollocks bollocks bollocks and fuck.

Ah well. Now I start again with...
Where can I find the manual for using MPTM?
  • #2,349
  • Sep 26, 2010 6:03pm Sep 26, 2010 6:03pm
Quoting scooby-doo
What time is it in ......
Ask the damn sub commander. How the blue blazes should I know?
  • #2,350
  • Sep 26, 2010 6:04pm Sep 26, 2010 6:04pm
Quoting SteveHopwood
O crap. I can't believe what just happened.

I thought I had mptm set to close all trades if the negative upl reached the point where the equity was only $150.

Wrong. I had the bloody thing set to close all open trades at a negative upl of -$150.

And people still ask me about how to use mptm? How the blazes should I know? I only coded the damn thing yet still get it wrong.

Bugger.

This wipes out all my profits from the last 6 weeks trading and then a few more.

Bollocks bollocks bollocks and fuck.

Ah well. Now I start again with...
This looks like agood system, will try, can somebody point out where I should start.
“A setback is a setup for a comeback.”
  • #2,351
  • Sep 26, 2010 6:07pm Sep 26, 2010 6:07pm
Quoting SteveHopwood
O crap. I can't believe what just happened.

I thought I had mptm set to close all trades if the negative upl reached the point where the equity was only $150.

Wrong. I had the bloody thing set to close all open trades at a negative upl of -$150.

And people still ask me about how to use mptm? How the blazes should I know? I only coded the damn thing yet still get it wrong.

Bugger.

This wipes out all my profits from the last 6 weeks trading and then a few more.

Bollocks bollocks bollocks and fuck.

Ah well. Now I...
Is the Sixth Indi repaints?
"The only successful substitute for brains is silence."
  • #2,352
  • Sep 26, 2010 6:13pm Sep 26, 2010 6:13pm
Thanks guys, but I really need a total dimwit to post right now - someone a bit like me. Thanks for trying though.

Can someone put up a 'dimwits come here' signpost somewhere, please?

  • #2,353
  • Sep 26, 2010 6:27pm Sep 26, 2010 6:27pm
Quoting marshy
This looks like agood system, will try, can somebody point out where I should start.
Despite my last, this one still has me giggling.

  • #2,354
  • Sep 26, 2010 6:28pm Sep 26, 2010 6:28pm
Quoting DXTrade
Is the Sixth Indi repaints?
Whilst this is absolutely priceless. I think I will still be giggling at this one by this time next week. It almost makes losing the cash worthwhile. Cheers.

  • #2,355
  • Sep 26, 2010 6:34pm Sep 26, 2010 6:34pm
Quoting SteveHopwood
Whilst this is absolutely priceless. I think I will still be giggling at this one by this time next week. It almost makes losing the cash worthwhile. Cheers.

Happy that I could help

But seriously: I just closed my L1 on AUD and EUR for a $160 loss... so let's start this week with a little retrace...
"The only successful substitute for brains is silence."
  • #2,356
  • Sep 26, 2010 7:12pm Sep 26, 2010 7:12pm
Quoting marshy
This looks like agood system, will try, can somebody point out where I should start.
Page 1 Post 1 is a good place to start.
  • #2,357
  • Sep 26, 2010 8:03pm Sep 26, 2010 8:03pm
Quoting SteveHopwood
O crap. I can't believe what just happened.

I thought I had mptm set to close all trades if the negative upl reached the point where the equity was only $150.

Wrong. I had the bloody thing set to close all open trades at a negative upl of -$150.

And people still ask me about how to use mptm? How the blazes should I know? I only coded the damn thing yet still get it wrong.

Bugger.

This wipes out all my profits from the last 6 weeks trading and then a few more.

Bollocks bollocks bollocks and fuck.

Ah well. Now I...
This might be the really stupid question you are looking for. Something puzzles me about this. It sounds like you think closing these positions was a really big mistake. So why not re-open them? You would be out the spreads plus or minus whatever movement there was on the pairs while your trades were closed. That's probably not such a big deal. Then you could just proceed with recovery as planned, which is different than starting over.

Am I missing something? (Fire at will.)
  • #2,358
  • Sep 26, 2010 9:13pm Sep 26, 2010 9:13pm
Quoting SteveHopwood
O crap. I can't believe what just happened.

I thought I had mptm set to close all trades if the negative upl reached the point where the equity was only $150.

Wrong. I had the bloody thing set to close all open trades at a negative upl of -$150.

And people still ask me about how to use mptm? How the blazes should I know? I only coded the damn thing yet still get it wrong.

Bugger.

This wipes out all my profits from the last 6 weeks trading and then a few more.

Bollocks bollocks bollocks and fuck.

Ah well. Now I start again with...
You should use the panel lol

Mart
  • #2,359
  • Sep 26, 2010 11:41pm Sep 26, 2010 11:41pm
Hi all,

I just spoke with a great source from the CFTC. I didn't realize this, but they have put a ban on retracing markets.

I can't believe it, but they did it. From now on, only trending markets. Should make making money easier with FOREX.
We are our own best indicator.
  • #2,360
  • Sep 26, 2010 11:43pm Sep 26, 2010 11:43pm
?

Quoting bluemele
Hi all,

I just spoke with a great source from the CFTC. I didn't realize this, but they have put a ban on retracing markets.

I can't believe it, but they did it. From now on, only trending markets. Should make making money easier with FOREX.
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