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  • #581
  • Oct 6, 2010 4:32pm Oct 6, 2010 4:32pm
Quoting slippedisc
Greetings,

Apologies if this has been asked before (or if this is not the right place to ask - let me know) i have had a good look around but found nothing.

In the manual (5th ed), it states that white line is 7,3,3 & blue line is 14,5,3 but on the templates ive used they are opposite way around (blue is 7,3,3 & white is 14,5,3)...
Hi

Welcome to the club and more importantly welcome to NB system. Demo the system for a while to get the hang of it and you will make good profits using this system. Stick to the rules and be ultra conservative by trading primary trades only for the time being.

This is a unique thread in so far as the majority of the contributors are more experienced and knowledgeable than the thread starter, hence no subject is taboo and you can ask as many questions as often as you like. As for your question the correct setting is as stated in the manual (i.e. white 7,3,3 and BLUE 14,5,3), I just checked my templates and they are correct way round, so I do not know what has happened there.

Kind Regards
  • #582
  • Oct 6, 2010 7:33pm Oct 6, 2010 7:33pm
Quoting slippedisc
Greetings,

Apologies if this has been asked before (or if this is not the right place to ask - let me know) i have had a good look around but found nothing.

In the manual (5th ed), it states that white line is 7,3,3 & blue line is 14,5,3 but on the templates ive used they are opposite way around (blue is 7,3,3 & white is 14,5,3).

I was inclined to go with what the manual says & change settings on templates, assuming it was some oversight, but then i'd also assume it would have been picked up (unless it's not that important?).

Anyway, if someone...

Hi slippedisc.

I too, have found the stochastic colors to be incorrect, but, it is only on some of the templates. The 5.2 #1 buy and sell templates and the 5.2 #2 buy and sell templates plus the 5.2 Blank template seem to be those with the stochastic colors reversed. As far as I can see, the others are ok. I have sent a PM to Bob to let him know about it. It doesn't really make a lot of difference to trading as all three "lines" are meant to be above/below 85/15 (for primary trades) to enter anyway.

Hope this helps,

Mike.
  • #583
  • Oct 6, 2010 9:24pm Oct 6, 2010 9:24pm
Sorry about the color differences guys but I get bored at times so I change colors just for something different. Didnt know I posted them anyway it is still waiting for all three lines to group to one spot to enter so if you can bypass the color differences hopefully it wont change your decision process.
  • #584
  • Oct 7, 2010 6:44am Oct 7, 2010 6:44am
Thanks to all replies, which have exceeded my expectations (very refreshing) & advice, i now feel much reassured.
  • #585
  • Oct 7, 2010 1:29pm Oct 7, 2010 1:29pm
Itīs still hard to get some good trades, but I have had some. Here my best one of the week on AUDCHF, with EA7.

Attached Image


I was too faint-hearted to activate the EA2....
  • #586
  • Oct 7, 2010 2:26pm Oct 7, 2010 2:26pm
Quoting Bambo0
Itīs still hard to get some good trades, but I have had some. Here my best one of the week on AUDCHF, with EA7.

Attachment

I was too faint-hearted to activate the EA2....
Well done. It was a very good setup for EA2 though

I had good trades today on GBPCHF, USDCAD & NZDUSD, total 169 pips. But I used the EU retrace to close a big bad EU trade at -300 pips (which is good considering it was at more than 500 in the whole).

So very tough few weeks. In total my equity is down about 20%. Still have floating DD of 12%. But things seem to be getting a little better so let's see what happens next week.
  • #587
  • Oct 8, 2010 8:05am Oct 8, 2010 8:05am
Quoting Zr-fx
Well done. It was a very good setup for EA2 though

I had good trades today on GBPCHF, USDCAD & NZDUSD, total 169 pips. But I used the EU retrace to close a big bad EU trade at -300 pips (which is good considering it was at more than 500 in the whole).

So very tough few weeks. In total my equity is down about 20%. Still have floating DD of 12%. But things seem to be getting a little better so let's see what happens next week.
Good job.

My TF futures charts are saying that either we can have a big dip here, or it could be a bull flag for more up. The EUR and AUD are following the markets to a T.

My weekly says more up, Daily, bullflag/big time down, 50K tick = down, smaller timeframes = down.

So, we will see. I am going to look for a pullback today and then short.
We are our own best indicator.
  • #588
  • Oct 12, 2010 1:44am Oct 12, 2010 1:44am
Come on guys.. Any happy faces watching the Euro drop this morning?

I still have a short from 5/10 at 1.3774, 0.08 lot, another at 1.40167 from the 7th. And yesterday I took another sell (encouraged by Scoobs post) at 1.40018.

For the first time in weeks my float is positive. The question in my mind right now is how far down do I ride this???
  • #589
  • Oct 12, 2010 9:40am Oct 12, 2010 9:40am
In my opinion you will see further intervention by the BOJ in the next 24 hours.

Scoobs.
  • #590
  • Oct 12, 2010 9:44am Oct 12, 2010 9:44am
Quoting scooby-doo
In my opinion you will see further intervention by the BOJ in the next 24 hours.

Scoobs.
rmr?

please let usd/jpy fly away!
meine augen sind die sterne
  • #591
  • Oct 12, 2010 11:21am Oct 12, 2010 11:21am
Quoting scooby-doo
In my opinion you will see further intervention by the BOJ in the next 24 hours.

Scoobs.
Yes please. I'm long UJ
  • #592
  • Oct 12, 2010 4:01pm Oct 12, 2010 4:01pm
Quoting Zr-fx
Come on guys.. Any happy faces watching the Euro drop this morning?

I still have a short from 5/10 at 1.3774, 0.08 lot, another at 1.40167 from the 7th. And yesterday I took another sell (encouraged by Scoobs post) at 1.40018.

For the first time in weeks my float is positive. The question in my mind right now is how far down do I ride this???
As I had to leave this morning I decided I am not going to take a chance. So of the three trades I mentioned, as it hit the bottom and started to go up I closed the first and third at BE and let the second one run with an SL. In hind site I should have closed it then but I thought it will drop further. Anyway it closed at 188 pips = 2% equity profit

Now I only have UJ long and waiting for the intervention!!

Only setup I can see is GJ and GC, both EA#2.
  • #593
  • Oct 13, 2010 1:32pm Oct 13, 2010 1:32pm
Guys, what Trailing Stop do you suggest to use?
I mean, the trailing stop should be close to the price to preserve profit but at the same time must be distant to let the price action fluctuate and continue the run.

So I'm thinking if use 10, 15 or even 20 with the trailing stop.
What do you think is the best to achieve the maximum profit?
  • #594
  • Oct 13, 2010 4:46pm Oct 13, 2010 4:46pm
Quoting greven
Guys, what Trailing Stop do you suggest to use?
I mean, the trailing stop should be close to the price to preserve profit but at the same time must be distant to let the price action fluctuate and continue the run.

So I'm thinking if use 10, 15 or even 20 with the trailing stop.
What do you think is the best to achieve the maximum profit?
I think it is really difficult to answer this without a lot of backtesting. A tight SL means losing out when price reverses. Too big and you leave pips behind. I am using a 20 or 30 pip trail depending on price action.
  • #595
  • Oct 13, 2010 6:13pm Oct 13, 2010 6:13pm
Quoting greven
Guys, what Trailing Stop do you suggest to use?
I mean, the trailing stop should be close to the price to preserve profit but at the same time must be distant to let the price action fluctuate and continue the run.

So I'm thinking if use 10, 15 or even 20 with the trailing stop.
What do you think is the best to achieve the maximum profit?
There is not a one rule fits all here. For more volatile pairs trailings top should be higher than the less volatile. It is more a matter of personal preferences. In short there is no hard and fast rule.

On a different subject I loaded the TMA template on the strategy tester using LFH and watching the price action. It looks very promising indeed, a rough guess is something in region of 7 winners to 3 losers. Can not wait for the EA to do some serious back and forward testing.

Kind Regards
  • #596
  • Edited 7:56pm Oct 14, 2010 7:11pm | Edited 7:56pm
Hello, still using v5.0 (can't wait for v6 release it sounds great), still going through the thread, I will dare a question

I only use #1 and #2 EA's atm and I am struggling with TP (classic you might say). I was wondering if that made sence :

The more the RWB are appart the sooner I will close
I will close if price hit middle BB or if blue line cross opposite (15 / 85) BUT might go on if red is 45° and RWB are close toegether (which can't happen imo if blue line crossed opposite 15/85).
The more volatile the closer I choose my TP, in fact I just aim for outer BB for the less volatile pairs unless RWB is looking bad then a closer stop.

I am still very inexperienced with the system..
I wanted to post my trades but don't want to surcharge the thread so I made this instead : https://www.myfxbook.com/portfolio/n...g-system/54730

I am still not sure about my MM and need to rewrite my plan..
  • #597
  • Oct 15, 2010 1:34am Oct 15, 2010 1:34am
Quoting Muten
Hello, still using v5.0 (can't wait for v6 release it sounds great), still going through the thread, I will dare a question

I only use #1 and #2 EA's atm and I am struggling with TP (classic you might say). I was wondering if that made sence :

The more the RWB are appart the sooner I will close
I will close if price hit middle BB or if blue line cross opposite (15 / 85) BUT might go on if red is 45° and RWB are close toegether (which can't happen imo if blue line crossed opposite 15/85).
The more volatile the closer I choose my TP, in fact...
Sounds good. By the way your MyFXBook is not accessible as a portfolio. I think you need to put a link to one account only.
  • #598
  • Oct 15, 2010 2:07am Oct 15, 2010 2:07am
Quoting Zr-fx
Sounds good. By the way your MyFXBook is not accessible as a portfolio. I think you need to put a link to one account only.
Just click on the link lower down on the displayed page ...
  • #599
  • Oct 15, 2010 2:28am Oct 15, 2010 2:28am
Quoting macman
Just click on the link lower down on the displayed page ...
Ah thanks! Obviously I had not read the instructions
  • #600
  • Oct 18, 2010 7:36am Oct 18, 2010 7:36am
#7 SH sell 25.2.3 with reentry line.mq4

line 171 - line 180: Have I missed something in the coding? see the lines wehre I have put the ******

any help / comments would be appreciated.

current coding:

// MOVING AVERAGE
Var1 = iMA(NULL, PERIOD_H4, 1, 0, MODE_LWMA, PRICE_MEDIAN, 1);
Var2 = iBands(NULL, PERIOD_H4, 25, 2, 3, PRICE_CLOSE, MODE_UPPER, 1);

BbLower = iBands(NULL, PERIOD_H4, 25, 2, 3, PRICE_CLOSE, MODE_LOWER, 0);
BbUpper = iBands(NULL, PERIOD_H4, 25, 2, 3, PRICE_CLOSE, MODE_UPPER, 0);

RefreshRates();
***** if( Bid < BbUpper && Var1 > Var2) *****
{......


corrected(?) coding:

// MOVING AVERAGE
Var1 = iMA(NULL, PERIOD_H4, 1, 0, MODE_LWMA, PRICE_MEDIAN, 1);
Var2 = iBands(NULL, PERIOD_H4, 25, 2, 3, PRICE_CLOSE, MODE_UPPER, 1);

BbLower = iBands(NULL, PERIOD_H4, 25, 2, 3, PRICE_CLOSE, MODE_LOWER, 0);
BbUpper = iBands(NULL, PERIOD_H4, 25, 2, 3, PRICE_CLOSE, MODE_UPPER, 0);

RefreshRates();
**** if( Bid < BbUpper && Var1 < Var2) ******
{

on the AUDCAD chart, I set the #7 blank and then added the #7 SH SELL 25.2.3 EA.
Price was triggered, and from what i could tell, it triggered while still outside the upper BB line.
As I looked over the code, I think(?) I see an incorrect logic statement. I refer to lines 179 of the series from line 171 - 180:

Am I correct in thinking that the Var1 needs to be lower than Var 2 in order to trigger a sell? perhaps(?) I have an older version of #7?

Regards,

Scott
Attached Image (click to enlarge)
Click to Enlarge Name: Scott eval of no 7 sell.jpg Size: 209 KB
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