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Nanningbob 4h trading system ver. 5.0

  • #2,721
  • Oct 7, 2010 12:10pm Oct 7, 2010 12:10pm
Quoting Muten
Hello,

I am new to forex and I discovered this system 2 days ago. Despite my inexperience in any system I have the impression this is a system right for me (great timeframe, complete system with no guessing, not too much indicators and plenty of information how to read/use them)

I keep reading the threads (this one at the moment) and docs but I understand that I am at a very early stage of my learning curve.
I found informations I wanted to ask in the thread but I am left with a trillion questions obviously.

To be honest I don't want...
Noobie questions are welcome at the Nanningbob Study Club.
  • #2,722
  • Oct 7, 2010 12:33pm Oct 7, 2010 12:33pm
Quoting timunmurges
within a certain time, it was clear that this statements occur.
this system is just a big loosing machine.
i think that everyone here came with good intentions, but the system (and the strategy behind it) is just plain nonsense.
more and more users are realizing this. some still stick with the system and hoping.
what proof other than your immense losses do you need?
wait got back and read page 1 post 1...19,000 pips in a year? only 3 losing months in year? I ask you your same question. What proof do you need?

as I stated earlier these are historical times in our WORLD and currency. The AUD just hit a 20 year high. I bet some on this thread are not even 20 years old. We all need some perspective about what is happening. no one can trade a system for a short time and determine whether it works. you may be able to determine if you like it or not, but bashing the system that had trades called in advance over the past year?

btw this is my proof....its all I need. the last 14 trades were today alone. closed while I was sleeping. +$296 on a mini acct in 1 day.
http://i688.photobucket.com/albums/v...0pro2010-1.gif
  • #2,723
  • Oct 7, 2010 2:30pm Oct 7, 2010 2:30pm
Quoting timunmurges
within a certain time, it was clear that this statements occur.
this system is just a big loosing machine.
i think that everyone here came with good intentions, but the system (and the strategy behind it) is just plain nonsense.
more and more users are realizing this. some still stick with the system and hoping.
what proof other than your immense losses do you need?
And this is your first post? Seriously?
Why not just give it a try and after a month or two, report back with your findings. We will better respect your opinion once we know that you've made an honest attempt.

Cheers
  • #2,724
  • Oct 7, 2010 2:41pm Oct 7, 2010 2:41pm
Team,

I made a quick 75 pips on G/U today using experimental version 6.0. I entered manually on the 1 x 3 cross and sold .01 lots on my IBFX(live). My TP was the center line.

I've noticed the TMA is really smoothed out and while glancing at other pairs it is obvious this has practical applications for both trend and counter-trend techniques. It makes it very easy to visualize the trend and where to place logical stops and TP. Looking forward to the finalized version and rules.

Cheers,
  • #2,725
  • Oct 7, 2010 2:47pm Oct 7, 2010 2:47pm
Quoting sebring001
Team,

I made a quick 75 pips on G/U today using experimental version 6.0. I entered manually on the 1 x 3 cross and sold .01 lots on my IBFX(live). My TP was the center line.

I've noticed the TMA is really smoothed out and while glancing at other pairs it is obvious this has practical applications for both trend and counter-trend techniques. It makes it very easy to visualize the trend and where to place logical stops and TP. Looking forward to the finalized version and rules.

Cheers,
It was a nice quick retrace! That was beautiful. I missed most of it THIS TIME. I have been lucky on a few others though. I am in hopes that the $ is done sliding. Then we can go back to full steam ahead.
We are our own best indicator.
  • #2,726
  • Oct 7, 2010 3:25pm Oct 7, 2010 3:25pm
Quoting bluemele
It was a nice quick retrace! That was beautiful. I missed most of it THIS TIME. I have been lucky on a few others though. I am in hopes that the $ is done sliding. Then we can go back to full steam ahead.
I was at work at the time and just happened to catch it during some down time. However, the TMA indy has email alerts so you can catch some of them.
  • #2,727
  • Oct 7, 2010 6:13pm Oct 7, 2010 6:13pm
Quoting Radio
I struggle with turning off the #5 ea so I get reentries when I should not. If there was one with a safety that would be awesome.

Scott
I don't know how to program but I changed BB settings of EA4 to make it impossible, maybe impossible, to open trades on BB touch so it can act like EA5 alone with the safety feature in it. I haven't tried because I thought of this just seconds ago, so should try it first on demo.
Attached File(s)
File Type: mq4 #4 BUY 1000 BB or 1x3 by Steve Hopwood.mq4   7 KB | 344 downloads
File Type: mq4 #4 SELL 1000 BB or 1x3 by Steve Hopwood.mq4   7 KB | 355 downloads
  • #2,728
  • Oct 7, 2010 6:18pm Oct 7, 2010 6:18pm
Quoting luiboy
I don't know how to program but I changed BB settings of EA4 to make it impossible, maybe impossible, to open trades on BB touch so it can act like EA5 alone with the safety feature in it. I haven't tried because I thought of this just seconds ago, so should try it first on demo.
If you make changes, then best change the name or add a version number so that your hacked version does not get mixed up with the original.

I am assuming here that the name is unchanged.

Saves a lot of head scratching in the future ...
  • #2,729
  • Oct 7, 2010 6:28pm Oct 7, 2010 6:28pm
Quoting macman
If you make changes, then best change the name or add a version number so that your hacked version does not get mixed up with the original.

I am assuming here that the name is unchanged.

Saves a lot of head scratching in the future ...
Yes it is changed.
  • #2,730
  • Oct 7, 2010 6:53pm Oct 7, 2010 6:53pm
Quoting SWelsh
Bob,
I want to start trading this live again next week, so I wanted to be very sure of your recommendations on how to get out of trouble:
1. Enter (.1 lot)
2. Re-buy @ 100-200 pips against (.1)
3. Re-buy again @ 100-200 pips against (.3)
4. Close at a loss if necessary @ 200-400 pips

Is this correct? Thanks so much.
Reentry should be 150 -250 depending on volatility of the pair but that is the 1.1.3 that I use.
  • #2,731
  • Oct 7, 2010 7:42pm Oct 7, 2010 7:42pm
Quoting luiboy
I don't know how to program but I changed BB settings of EA4 to make it impossible, maybe impossible, to open trades on BB touch so it can act like EA5 alone with the safety feature in it. I haven't tried because I thought of this just seconds ago, so should try it first on demo.
Thank you...

I was going to ask about getting a #5 with a safety for use with the TMA. I have also found for me in current market conditions the #5 works very well. I have been using instead of #2 and #7. If the MA is close to the BB and #2 is on if there is a spike down/up there is an entry and price continues to move against.
#7 is a later entry but yes the move is over.
It seems as #5 is in the middle of the entry...not as good as #2 but the spike does not get me in too early and a much better entry than #7.


so by the title did you move the BB entry to 1,000? would it not be eaiser to add the safety to the existing #5? I am not a programmer...
  • #2,732
  • Oct 7, 2010 10:06pm Oct 7, 2010 10:06pm
Quoting radio

anyone else willing to give some feedback on how they are trading in the current market climate?
carefully & conservatively!!
  • #2,733
  • Oct 7, 2010 11:13pm Oct 7, 2010 11:13pm
Quoting Radio


so by the title did you move the BB entry to 1,000? would it not be eaiser to add the safety to the existing #5? I am not a programmer...
Yes, it should be easier for a programmer. But for me it may take some time as I only know very basic programming that I learned from school. But I might give it a try.
  • #2,734
  • Oct 7, 2010 11:55pm Oct 7, 2010 11:55pm
I converted #4 EAs to become #5 by removing the BB. I don't have the time to test this now so please help to test it first. Thanks.
Attached File(s)
File Type: mq4 #5 BUY 1x3 with safety feature.mq4   6 KB | 406 downloads
File Type: mq4 #5 SELL 1x3 with safety feature.mq4   6 KB | 420 downloads
  • #2,735
  • Oct 8, 2010 2:18am Oct 8, 2010 2:18am
Quoting luiboy
I converted #4 EAs to become #5 by removing the BB. I don't have the time to test this now so please help to test it first. Thanks.
will run them thru the ringer mate
  • #2,736
  • Edited 4:49am Oct 8, 2010 2:56am | Edited 4:49am
Is this the day we get out of the large DD?

Eu not making a new high...ut oh?
  • #2,737
  • Oct 8, 2010 6:11am Oct 8, 2010 6:11am
Quoting Radio
Is this the day we get out of the large DD?

Eu not making a new high...ut oh?
well let's hope so... some important reports are due.. especially with US economy... let's hope USD can maintain or strengthen.. else there is gonna be a dip in weakness and yeah to higher DD lol....
  • #2,738
  • Oct 8, 2010 8:02am Oct 8, 2010 8:02am
Quoting Jollyroger
carefully & conservatively!!
Yah, me 2!

I am still hedged on some....

That EUR can explode again, but it seems that the 1.4 was a big hurdle, so if it touches that area again, I will probably get out of my hedge and place it again just over the 1.4

I wish I didn't sleep! haha... I wouldn't be in that darn hedge
We are our own best indicator.
  • #2,739
  • Oct 8, 2010 10:43am Oct 8, 2010 10:43am
Today is the first day in a couple weeks that the eu has not made a new higher high. I have seen where price will take out a low...running stops on those who use stops and then resume the run with the trend. We still need to be careful, but the first sign of this trend slowing/retracing has shown itself.
  • #2,740
  • Oct 8, 2010 2:32pm Oct 8, 2010 2:32pm
Dear scotts,
In preparation for next week's shift to 50:1 leverage, we are currently lowering all DEMO accounts to 50:1 leverage. This will require several steps between now (the last 90 minutes on Friday) and start-up on Sunday. Accounts over 50:1 leverage will see positions close out automatically. Buying power will now be checked at 50:1. These are the same changes that will occur next Friday for Live accounts!
Best Regards,

MB Trading Futures, Inc.
1926 East Maple Avenue
El Segundo, CA 90245
www.mbtrading.com
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