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Nanningbob 4h trading system ver. 5.0

  • #2,801
  • Oct 11, 2010 11:51pm Oct 11, 2010 11:51pm
Quoting bluemele
Is it just me, or are the RWB's looking ugly for us now? haha..

Luiboy, get ready to hedge! Or, this thing is going to do an 100% fibo extension and put us in happy land!
I don't use RWB anymore. I'm now trading TMA purely. Lol. Actually I already hedged yesterday, too early. Sad..
  • #2,802
  • Oct 12, 2010 1:25am Oct 12, 2010 1:25am
made another 80 pips while at work on the 50 on Ej breakout short
and AU #4 sell made 30...and my DD is shrinking rapidly. Tell me why the system needs changing again? LOL
  • #2,803
  • Oct 12, 2010 1:44am Oct 12, 2010 1:44am
check this out http://www.forexcrunch.com/eurusd-oc...rt/#more-10404

a lot of news to get this deal moving
  • #2,804
  • Oct 12, 2010 2:34am Oct 12, 2010 2:34am
Hi Bob,
Just a quick question to keep me up to date and try the TMA INDY.
How do you use it right now?
If I understood your recent posts about it you wait for the price to touch the higher or lower band and then launch the standard #5 for a buy/sell option. Either way right?
Or do you have a special EA for that?
And that's it? No BB nor RWB with that strategy for now?
I also understood you were looking for the middle TMA as a TP target,
Do you use the MPTM for that? If you're away from the Computer, how do you deal with the TP?
Thanks for claryfying that a bit.
I would like to test it along with my Live NB4,
regards,
Pitou
  • #2,805
  • Oct 12, 2010 4:04am Oct 12, 2010 4:04am
http://i688.photobucket.com/albums/v..._fsrepaint.jpg

  • #2,806
  • Oct 12, 2010 4:06am Oct 12, 2010 4:06am
Quoting pitou
Hi Bob,
Just a quick question to keep me up to date and try the TMA INDY.
How do you use it right now?
If I understood your recent posts about it you wait for the price to touch the higher or lower band and then launch the standard #5 for a buy/sell option. Either way right?
Or do you have a special EA for that?
And that's it? No BB nor RWB with that strategy for now?
I also understood you were looking for the middle TMA as a TP target,
Do you use the MPTM for that? If you're away from the Computer, how do you deal with the TP?
Thanks for claryfying...
The philosophy will be the same but it will have slightly different EAs and much less complicated. The RWB may not be needed or it will be adjusted to fit the movement of the TMA. The new EA s will give price room to run if it continues in the trend but will catch the retracement fairly quickly. This hopefully will allow you to move into profit quickly with much lower DD. Monday in fact I was not in DD at all once I got to the EURO open and stayed in the positive until I closed my profitable positions and set up my new trades. I have one adjustment to make in the EAs yet and then I am looking at a couple of formulas. The system will be extremely simple. One main indicator and one buy and one sell EA. The EA will work like the #2 EA did, catching price as it moves back in from a run. This seems to work very very well with the TMA. The closest thing we have now is the #5 but the new EA will work better with the TMA than the #5 will, I think. The MPTM is undergoing some changes or needs some more instructions for this system and hopefully Steve got my message and can tell me how to use it better. By the end of the week I will have a good grasp of the system. The biggest improvement I think will be the TP part. If price runs you will be able to stay with the run. If it doesnt the EA will close out the trade in profit. Depending on how the run goes you may stay in the trade for possibly days on certain moves. Anyway that is the plan that is being developed. Hopefully we wont be needing the recovery system now. We will be more willing to close out rather than multi level trading. I havent done it long enough yet to decide but using a previous high if it is broken would be a good stop out area.
  • #2,807
  • Oct 12, 2010 5:06am Oct 12, 2010 5:06am
Quoting nanningbob
The philosophy will be the same but it will have slightly different EAs and much less complicated. The RWB may not be needed or it will be adjusted to fit the movement of the TMA. The new EA s will give price room to run if it continues in the trend but will catch the retracement fairly quickly...
Hi BOB

WE have a lot for thank you for. This simple straight forward method maybe the best of them yet. I am surprised we still get get some people doubting the system despite over a years profitable trading (despite the recent prolonged trend loss). Lets not forget version 4 and version 5 are still profitable if traded conservatively.

Kind Regards
  • #2,808
  • Oct 12, 2010 5:23am Oct 12, 2010 5:23am
Quoting astral77
Hi BOB

WE have a lot for thank you for. This simple straight forward method maybe the best of them yet. I am surprised we still get get some people doubting the system despite over a years profitable trading (despite the recent prolonged trend loss). Lets not forget version 4 and version 5 are still profitable if traded conservatively.

Kind Regards
That is true but if you remember when we had the losing month in May we had the same kind of posts and also a few last December when I had a losing month. What I like best about the TMA is I dont have to read the different angles of the BB before I enter. It is fairly straight forward. When price crosses the out lines turn on the EA. When price starts to retrace it will enter and the chances of getting the 20 pips to set the MPTM is very high. So in this way we should have a high winning percentage. The best improvement though is going to be in the TP area. When price crosses this line do this, when it crosses that line do that and if it crosses this one let it ride. The Euro has crossed the 25MA FINALLY and has now hesitated at the 50MA (which is the 200MA on the 1H chart) If it crosses that line I really believe it will drop quickly as profit taking and selling will take a strong hold. However, if it doesnt and bounces back up ................................. hmmmmmmmmmmmm Go ask Scooby Doo.
  • #2,809
  • Oct 12, 2010 5:42am Oct 12, 2010 5:42am
Quoting nanningbob
That is true but if you remember when we had the losing month in May we had the same kind of posts and also a few last December when I had a losing month...
Yes I do, if one takes the long term view the system is quite good, however, having said that I do feel sorry for people who started trading this method end of August or early September. You are unique in WWW, in so far as for over a year you have published your trades before taking them and have shown a profit. Mind you having said that psychologically it is a bit disheartening when you see a -ve open trades of say 1000 or 2000 pips. For that reason alone I gather a lot of people will switch to version 6, even people who are not US citizens and the new rules do not affect them.

I still can not understand the logic of the US regulations, the more I think of it the crazier it looks (despite the logical explanations given by Scoobs and others). Even citizens of PDR of China and IR of IRAN do not have such extraterritorial laws imposed on them by their government. I do not know about PDR of North Korea, maybe they do and your legislators have adopted their policies.

Kind regards
  • #2,810
  • Oct 12, 2010 5:55am Oct 12, 2010 5:55am
Quoting astral77
Yes I do, if one takes the long term view the system is quite good, however, having said that I do feel sorry for people who started trading this method end of August or early September. You are unique in WWW, in so far as for over a year you have published your trades before taking them and have shown a profit. Mind you having said that psychologically it is a bit disheartening when you see a -ve open trades of say 1000 or 2000 pips. For that reason alone I gather a lot of people will switch to version 6, even people who are not US citizens and...
Well the Chinese are not allowed or very limited to take money out of the country but they can bring back all they want. Forex trading is officially not allowed for Chinese residents inside the country so they have restrictions. However, every year some restrictions are removed so they are getting better. If I exchange money I can only exchange it back within 6 months or I cant do it. Anyway, USA bring your money home so we can tax it down the road is my belief. They dont want money flight when they raise taxes and cut benefits to pay for all this debt.
  • #2,811
  • Oct 12, 2010 7:20am Oct 12, 2010 7:20am
Hi guys ,first post here. Came across this thread and system a couple of weeks ago and have just been familiarizing myself with the basic strategy and playing catch up on the thread. the trick to any band trading system is to know when to stay out and this system seems to do just that.
Does look like its going through a little bit of pain at the moment, kinda what happens to these kind of systems in market conditions like this though.

I've noticed towards the end of the thread a move towards a new EA using the TMA. Is this to replace one/all of the current EA's, offer an alternative, or to be used in tandem with the current EA's? Apologies if this has already been covered but there was 180 pages and I skipped a couple here and there.
  • #2,812
  • Oct 12, 2010 7:46am Oct 12, 2010 7:46am
Quoting maninjapan
Hi guys ,first post here. Came across this thread and system a couple of weeks ago and have just been familiarizing myself with the basic strategy and playing catch up on the thread. the trick to any band trading system is to know when to stay out and this system seems to do just that.
Does look like its going through a little bit of pain at the moment, kinda what happens to these kind of systems in market conditions like this though.

I've noticed towards the end of the thread a move towards a new EA using the TMA. Is this to replace one/all...
I am demo testing it now and it shows promise. What I am trying to do is adapt the system to the new rules now in affect for USA brokers. Those of us that are being forced into the new rules here in the USA would have to plunk down a lot of money to cover some of the DD needed to use the 2.4.2 recovery system. It is hard to use it and not have at least 100:1 leverage. Otherwise we would need a large sum of money to keep our ranges in a safe area for trading. If it wasnt for the new rules we probably would not be discussing using a new indicator because the system does work as is except when you have extreme price movements with no retracements. Now every month we usually have 1-3 currencies that will do this type of move but what made this last month unusual is most of the currencies did this and I had not seen this kind of price action before. It was a combo of a strong fundamental rumor QE2 is coming along with a lot of bank and govt interference along with a slowdown in business in the USA the last couple of months. I have said this from the very beginning, the only price movement that kills my system is the long run that does not have any major retracement in the run. Most of the time currencies will retrace from business activity but with the slowdown of business again the USD went into a prolonged dive and that affects all the other currencies. So anyway to answer your question yes we are trying to develop a system that will work with the new USA regs. If it wasnt for that I am perfectly happy with the system as is.
  • #2,813
  • Oct 12, 2010 8:15am Oct 12, 2010 8:15am
Quoting nanningbob
I am demo testing it now and it shows promise. What I am trying to do is adapt the system to the new rules now in affect for USA brokers........
Much appreciated!! All makes sense now. In which case, I'll keep practicing with the original system and keep a keen eye on the TMA version under development.

One more question, Do you expect the TMA version to have similar characteristics to the original system in regards to general trading style and overall performance (adjusted for the DD you are attempting to work around)?
  • #2,814
  • Oct 12, 2010 10:07am Oct 12, 2010 10:07am
Quoting maninjapan
Much appreciated!! All makes sense now. In which case, I'll keep practicing with the original system and keep a keen eye on the TMA version under development.

One more question, Do you expect the TMA version to have similar characteristics to the original system in regards to general trading style and overall performance (adjusted for the DD you are attempting to work around)?
The one big difference will be its simplicity. Because the TMA lines are smooth instead of different angles like the BB bands I can develop one EA instead of a group of them. The one EA that traders seem to like most was the #2 EA. If price was running against a trade entrance it stayed out until price quit running and then came back inside the BB bands. I am trying to imitate that same action. As long as price wants to run outside the TMA bands the EA will let it but once it stops and retraces then it will give an entrance at the MA cross just like the #2 did. Once this gets perfected all you need is 20 pips run inside that line and the MPTM will bring your SL up and you are in a winning trade. So far every trade but 2 has done that and I have 5 open trades now and a total DD of -5 pips on those 5 trades. The two losing trades I closed around a negative 75 pips so depending how these last 5 go we may have another profitable day. In reality I have not suffered any real significant DD with this but testing is still early.
  • #2,815
  • Oct 12, 2010 11:54am Oct 12, 2010 11:54am
great news!!
I'm trying the TMA with the #5 but i miss a lot of the retracement move.would you mind sharing those ea's for testing or is it too soon?
  • #2,816
  • Edited 1:22pm Oct 12, 2010 12:12pm | Edited 1:22pm
ok computer nerds of FF......... im getting rid of VPS!!! thank god. now im a just a little worried about connection. so let me ask this. can i have 2 instances of the same account going with mptm set up on both. so if one goes down the other mptm on other computer will pick it up?

Ill only be using the buy and sell eas on one computer so no worries about opening multiple positions. i just want to know if i can run manager on 2 diff computers but same account?

see where im going with this?

or is there an ea that you can set up on 2 different computers but same account that will send alert when one goes down?

Sorry guess I should have started new thread in platform discussion. But oh well it's here now I guess

In other words... what the hell do i need to do to ensure connectivity?? without vps!!
  • #2,817
  • Oct 12, 2010 1:29pm Oct 12, 2010 1:29pm
Get a multiport wan router..... basically you plug 2 internet connections into a router, configure it for failover and/or load sharing (you can send certain type of traffic down one pipe versus the other) and you should be good to go.
  • #2,818
  • Oct 12, 2010 1:34pm Oct 12, 2010 1:34pm
Well I'll have my main comp at home with buy and sell eas with mptm and comp at work with mptm for backup. Only have 1 way to connect at home. But can remote view from work. But if I'm home and that connection goes out the one at work would still have mptm on it. Can that work?
  • #2,819
  • Oct 12, 2010 1:41pm Oct 12, 2010 1:41pm
Quoting jtmoore007
Well I'll have my main comp at home with buy and sell eas with mptm and comp at work with mptm for backup. Only have 1 way to connect at home. But can remote view from work. But if I'm home and that connection goes out the one at work would still have mptm on it. Can that work?
JT,

Wy are you gettting rid of your VPS? I trade for a living and could not do so and ever sleep soundly without running them on a VPS. I use one VPS for live accounts and another for demo and testing. Send me a pm if you want. I would be interrested to hear of your troubles and which provider you were using.
  • #2,820
  • Oct 12, 2010 1:55pm Oct 12, 2010 1:55pm
Is that a new indicator for the system?
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