Nanningbob 4h trading system ver. 5.0 | Page 159 | Forex Factory

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Nanningbob 4h trading system ver. 5.0

  • #3,161
  • Oct 31, 2010 9:27pm Oct 31, 2010 9:27pm
CODERS!!!! please help!!!! the mptm isn't working correctly at all times. most of the time it is setting BE but not always. had a uj trade go +80 not it is sitting at plus 10 and i had it set to at +50 set stop at +20.

this will be the 3rd time it hasn't worked!!
  • #3,162
  • Oct 31, 2010 10:04pm Oct 31, 2010 10:04pm
Quoting Olarion1975
Hi Mediator,

thank you very much for your explanations.

Do you still use the 2 different TMAs in one chart as you described earlier?

[i]"another good reason to take two TMA's in one chart is, because you see in the picture is, that the yellow TMA band is movin' up and down with the red TMA band. this means that the yellow band shows the extreme price deviation from the red middle line. there you could have good entries if and only if price breaks out of the yellow outer band and the yellow upper/lower band is outside the red upper/lower...
---

Mediator,

Can you please use an arrow in your previous chart/post showing the red upper/lower band? I could see in your chart that the yellow line never went above or below the outer red line band.

Thank you,

Edd
  • #3,163
  • Oct 31, 2010 11:39pm Oct 31, 2010 11:39pm
I didn't find the release from 20 oct.
Is it the good post : http://www.forexfactory.com/showpost.php?p=4100547 ?

thanks
  • #3,164
  • Oct 31, 2010 11:58pm Oct 31, 2010 11:58pm
Quoting Muten
I didn't find the release from 20 oct.
Is it the good post : http://www.forexfactory.com/showpost.php?p=4100547 ?

thanks
yes
  • #3,165
  • Nov 1, 2010 12:07am Nov 1, 2010 12:07am
I am confused with the name we use for the recovery system. "2.4.2", means exactly what? I understand the logic where we increase the lot size by 1.6 lots every 150-250 pips but where is it linked to 2.4.2?? Same thing goes for 1.1.3..
It is not the lot size, it is not the pip amount..So what is it??
  • #3,166
  • Nov 1, 2010 12:56am Nov 1, 2010 12:56am
Quoting nanningbob
yes

but there's no instrument.pdf in the zip file.
  • #3,167
  • Nov 1, 2010 1:00am Nov 1, 2010 1:00am
Quoting The7
I am confused with the name we use for the recovery system. "2.4.2", means exactly what? I understand the logic where we increase the lot size by 1.6 lots every 150-250 pips but where is it linked to 2.4.2?? Same thing goes for 1.1.3..
It is not the lot size, it is not the pip amount..So what is it??
Quoting maestrodforex
Where can I find out more about the 1.1.3 recovery?

Thanks! http://cdn.forexfactory.com/images/smilies/yim/nerd.gif
Quoting nanningbob
Page 1 Post 1 has the paperwork on the 2.4.2 recovery system. Just change the numbers to 1.1.3 instead. Same philosophy but lower DD.
  • #3,168
  • Nov 1, 2010 2:48am Nov 1, 2010 2:48am
Quoting duffypratt
For a while now, I've been looking at trading with the trend when price crosses outside the TMA bands. The basic idea is that Bob's system does a good job of weeding out runners before entry, and that if you actually entered with the trend when price crossed the TMA bands, you could take advantage of the runners.
Hi Duffy,

have you used an EA for the entry with the cross of price and TMA band?
If yes, could you please share it?

Thanks,
Oliver
  • #3,169
  • Nov 1, 2010 3:29am Nov 1, 2010 3:29am
Hi, Bob, why not combine the two low buy and high sell to one EA?
  • #3,170
  • Nov 1, 2010 4:59am Nov 1, 2010 4:59am
Quoting jerrydeng
Hi, Bob, why not combine the two low buy and high sell to one EA?
So you dont get an accidental entrances you really didnt want. My systems are based on turning on the EA when conditions seem right. Indicators may say one thing but you may know some Fundamentals and you dont want in. What I may do, whenever I get the time, is take the TMA and see if I can fit it with my EA from my 60x90 thread and see if that would work. That might be an interesting combination.
  • #3,171
  • Nov 1, 2010 5:20am Nov 1, 2010 5:20am
yes, very like 60x90 system.
  • #3,172
  • Nov 1, 2010 8:05am Nov 1, 2010 8:05am
Quoting Olarion1975
Hi Duffy,

have you used an EA for the entry with the cross of price and TMA band?
If yes, could you please share it?

Thanks,
Oliver
No EA. And I haven't done any forward testing. Mostly, as I have been doing manual/visual backtests of the v.6 system, I've also been keeping track of what happens between price crossing the band and the trigger of the counter trend trade.
  • #3,173
  • Nov 1, 2010 8:26am Nov 1, 2010 8:26am
Quoting a2xm
I was not asking how the recovery system works, I was asking what the numbers 2.4.2 or 1.1.3 means...
  • #3,174
  • Nov 1, 2010 8:43am Nov 1, 2010 8:43am
Quoting The7
I was not asking how the recovery system works, I was asking what the numbers 2.4.2 or 1.1.3 means...
With 2.4.2 (it is more like 1.2.4.2): L1=original lot, L2 = 2 x L1, L3 = 4 x L1, L4 = 2 x L1

With 1.1.3: L1, L2=1 x L1, L3 = 3 x L1
  • #3,175
  • Nov 1, 2010 9:08am Nov 1, 2010 9:08am
Quoting Zr-fx
With 2.4.2 (it is more like 1.2.4.2): L1=original lot, L2 = 2 x L1, L3 = 4 x L1, L4 = 2 x L1

With 1.1.3: L1, L2=1 x L1, L3 = 3 x L1
Perfect...got it now, thanks
  • #3,176
  • Nov 1, 2010 9:10am Nov 1, 2010 9:10am
Quoting Mediator
...part two

this is an unbelievable outcome. and this is possible. don't think this is unique.
a gain of about 1090 pips in two day's with one pair trading. what will you be more?

Mediator
Mediator,
Can you please confirm that on the posted charts ( particularly the 5 minute example of multiple entries leading to over 1000 pips profit ) what TMA indicator and settings are you using
I can only reproduce your chart layout with TMA centered, which we all know realigns itself to past data and is therefore only good for ' real time ' trading and is useless in evaluating historical periods
For backtesting TmaTrue must be used and if I put this indicator on the chart I get a totally different outcome
Look forward to your comments
  • #3,177
  • Nov 1, 2010 9:16am Nov 1, 2010 9:16am
I read almost the whole thread those last weeks as I was testing v5.3.
One of the things that interested me the most about this system is something I read in nanningbob's thread that he had a very busy live and his system was doable while being away from the screen for long period of time.
I thought it had to do with trading in 4h charts.

I am not yet familiar with v6.0 but it seems to me that it requires a lot more screen time, at least to checks every now and then, which I can't do.
Is it a misconception ? I thing I might have to stick to v5.3 if that's how it is.
  • #3,178
  • Nov 1, 2010 9:53am Nov 1, 2010 9:53am
Knowing that Bob has a busy full time job and family life I can only assume that the ultimate goal for any version is to trade with limited screen time.

Meanwhile I had a great October with version 5, 2200pips profit. November doesn't start well though, needing some recovery trades on the CHF pairs.
  • #3,179
  • Nov 1, 2010 10:06am Nov 1, 2010 10:06am
Quoting Muten
I read almost the whole thread those last weeks as I was testing v5.3.
One of the things that interested me the most about this system is something I read in nanningbob's thread that he had a very busy live and his system was doable while being away from the screen for long period of time.
I thought it had to do with trading in 4h charts.

I am not yet familiar with v6.0 but it seems to me that it requires a lot more screen time, at least to checks every now and then, which I can't do.
Is it a misconception ? I thing I might have to stick to v5.3...
If you set up the email/text alert like JT has there is very little screen time...lower than version 5.3
  • #3,180
  • Nov 1, 2010 10:38am Nov 1, 2010 10:38am
Quoting Radio
If you set up the email/text alert like JT has there is very little screen time...lower than version 5.3
he is right. see my posts on how to set this up. you don't have to spend much time at all. just take a peak when you get a text saying that theres a possible setup and take a look when it texts you that you have entered the trade. then just laugh when you get a text that says trade closed with 150 pips profit.

and give a big thanks to BOB!
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