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Nanningbob 4h trading system ver. 5.0

  • #3,261
  • Nov 6, 2010 7:25am Nov 6, 2010 7:25am
Quoting jcs
Nanningbob
Just wondering why you continue to use TMA CENTERED rather than use the TmaTrue indicator ( which appears to give an accurate true historical picture )
Would this not help in evaluation by being able to post examples from the past etc ?
For backtesting it probably would be valuable but as the now in a trade it wouldnt make any difference. I will download and test it out. 6.1 will have less emphasis on the TMA I think at this time. Its value is going to be in trend trading but I want to do some more research first.
  • #3,262
  • Edited 10:11am Nov 6, 2010 9:52am | Edited 10:11am
Here is my Theory and you can test it out. When the 2 crosses the 5 on a 4H chart, you have 8 hours to determine whether price will move somewhere or not go anywhere. During that time price stagnates, (you get out with small profit or small loss) OR you take the profit ride. You can test this with almost any currency but here are 25 trades over 4 weeks. You can keep your losses small or make a nice profit. I have checked the charts to many currency pairs, not all of course, but this seems to hold consistantly true. 8 hours to take profit or ride the winner or get out price may reverse on you. Seem simple enough??

The angle of the TMA tells you which direction you probably will get the most pips.
Attached Image (click to enlarge)
Click to Enlarge Name: aud cad.gif Size: 59 KB
  • #3,263
  • Nov 6, 2010 9:54am Nov 6, 2010 9:54am
gbp usd 21 trades over 4 weeks. none of them would be big losses if you close out within 8 hours. Some would be nice gainers.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd.gif Size: 54 KB
  • #3,264
  • Nov 6, 2010 10:16am Nov 6, 2010 10:16am
You can choose to trade just a handful of pairs or play the whole board. The 2M is designed to keep you out of peeker trades. USD/CAD 17 trades
Attached Image (click to enlarge)
Click to Enlarge Name: usd cad.gif Size: 46 KB
  • #3,265
  • Nov 6, 2010 11:56am Nov 6, 2010 11:56am
Quoting nanningbob
You can choose to trade just a handful of pairs or play the whole board. The 2M is designed to keep you out of peeker trades. USD/CAD 17 trades
6.1 is it a trade at every cross oor at extremes with the 6ths indicator?
  • #3,266
  • Nov 6, 2010 3:16pm Nov 6, 2010 3:16pm
hello NanningBob,

I am a long time follower, with a couple of newbie posts earlier in this and some other threads related to v5.3.

attached is my mod to use the TMA centered on the 1-H chart. Seems to work reasonably well. I have placed graphics and configurations in a *.doc that explains what I was trying to do. Perhaps(?) it might be of interest..

Regards,
spgandau
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdm 60m tma centered.gif Size: 67 KB
Click to Enlarge Name: eurusdm 240m tma centered.gif Size: 55 KB
Attached File(s)
File Type: doc Spgandau modified NB TMA v6 screen and trade method.doc   480 KB | 995 downloads
  • #3,267
  • Nov 6, 2010 6:37pm Nov 6, 2010 6:37pm
Quoting Radio
6.1 is it a trade at every cross oor at extremes with the 6ths indicator?
AHA ......... test version. Try it out and see.
  • #3,268
  • Nov 6, 2010 6:45pm Nov 6, 2010 6:45pm
Quoting spgandau
hello NanningBob,

I am a long time follower, with a couple of newbie posts earlier in this and some other threads related to v5.3.

attached is my mod to use the TMA centered on the 1-H chart. Seems to work reasonably well. I have placed graphics and configurations in a *.doc that explains what I was trying to do. Perhaps(?) it might be of interest..

Regards,
spgandau
I tried it on a 1H chart and got caught several times in a large DD. However, I am not home all day but working so I cant get out of trades or not do some trades at key moments. That is why I use a 4H chart. I was not happy with the 1H results. I was not happy with my 4H results with 6.0. Still getting too much DD in strong trending markets. I am searching for a solution on that issue.

Trend traders do well in these type of markets but they only happen occasionally as compared to markets ranging. I can survive almost all trending markets with the recovery system but with the reduced leverage in the USA and Japan (soon other countries will follow suit), I feel a need to change my trading strategy.

The problem I am having with 6.0 is too many early entrances caused by the trendline being too close to price action. I needed more separation. As I worked with different formulas I came across a quirk in price action that seemed to be the crossing of the 5MA median led to either a hesitation in price action or a strong move. If I get a hesitation in price action, I close, if I see the strong move I take the profit or ride the move. That looks very promising to me so I share it. Instead of SL or recovery I have a signal that is very clear that the trade may go bad. That may vastly improve my trading.
  • #3,269
  • Nov 6, 2010 7:05pm Nov 6, 2010 7:05pm
Quoting Radio
6.1 is it a trade at every cross oor at extremes with the 6ths indicator?
If you take every cross the key is your ability to close out the bad trade and not being afraid to do so. That will take some discipline.
  • #3,270
  • Nov 6, 2010 7:43pm Nov 6, 2010 7:43pm
Quoting Radio
6.1 is it a trade at every cross oor at extremes with the 6ths indicator?
Just some more thoughts about your question.

Use TMA for direction of the cross you want to take. If it is angling up take the crosses up. If it is angling down take crosses down. If it is flat take both ways.

If above/below the sixths lines take both ways. That is my thoughts for now. Dont try to hold onto the trade after 2 bars if it is going nowhere or going against you. Look for your best exit.

Those are my thoughts for testing this week.
  • #3,271
  • Nov 6, 2010 10:17pm Nov 6, 2010 10:17pm
Hi Bob,

I am struggling to understand why the new leverage requirements forced you to change your trading style. Even with a leverage of 1:50 shouldnt you have enough room for a DD of 600 pips? (with 1.1.3 Recovery Version 5.3)
  • #3,272
  • Nov 6, 2010 11:05pm Nov 6, 2010 11:05pm
Quoting The7
Hi Bob,

I am struggling to understand why the new leverage requirements forced you to change your trading style. Even with a leverage of 1:50 shouldnt you have enough room for a DD of 600 pips? (with 1.1.3 Recovery Version 5.3)
I don't think it was as much a deal with the leverage as it was with his dealer starting to charge ridiculous amounts of swap fees that cut up to 25% of profits
  • #3,273
  • Nov 6, 2010 11:30pm Nov 6, 2010 11:30pm
Quoting The7
Hi Bob,

I am struggling to understand why the new leverage requirements forced you to change your trading style. Even with a leverage of 1:50 shouldnt you have enough room for a DD of 600 pips? (with 1.1.3 Recovery Version 5.3)
Yes it does make a difference. It is the difference between having 1000 or 3000 in my account. I have more money with my broker at risk. I also cannot safely trade dimes at 1000 without risking constant margin calls. Just to compare I tried trading 2 cents on 200 dollars just to make sure and last week I got margin called on trades that were only 200 + pips down. So to compare those notes I would have needed 400 dollars to trade one penny and not avoid margin calls if price moved 400 pips against me on several trades. my 1.1.3 recovery would need that much room to operate. That means for me to trade dimes and do my complete recovery system safely I would need at least 4000 dollars to trade dimes to avoid margin calls. This also reduces my rate of return. Instead of getting 10-20% on 1000 dollars per month I am reduced to 2-5%. Now that may seem like a good rate of return for an investment, and it is but not when I figure my time involved. I would consider 2-5% per month good with a totally passive investment but lousy for an active investment that takes up x amount of hours per week. OR I need to be like the big boys and play with 100K or more for 2% return to be worth my time. However, I do not have 100K to invest so to play by the new rules I need to change how I trade. DD and high margin are no longer an option. That is my reasoning and logic.
  • #3,274
  • Nov 6, 2010 11:44pm Nov 6, 2010 11:44pm
NG: thanks for your continuous efforts to make life easier for (all of) us with the constant improvements! Maybe I missed this somewhere but which indicator do you use to draw the horizontal lines on MA cross-over? Cheers
  • #3,275
  • Nov 7, 2010 12:32am Nov 7, 2010 12:32am
Quoting nanningbob
Yes it does make a difference. It is the difference between having 1000 or 3000 in my account. I have more money with my broker at risk. I also cannot safely trade dimes at 1000 without risking constant margin calls. Just to compare I tried trading 2 cents on 200 dollars just to make sure and last week I got margin called on trades that were only 200 + pips down. So to compare those notes I would have needed 400 dollars to trade one penny and not avoid margin calls if price moved 400 pips against me on several trades. my 1.1.3 recovery would need...
Hey,

I'm glad you came to that clue ;-)
As I said previously I have to trade with Lots of 0.1 ...
of course my leverage is from 1:100 to 1:200 but my account is also very limited and I am currently in DD for 300 pips (2 trades) and had to extend the buffer on my account with some of my savings

I know... we wont risk our savings... its just a buffer, because I know the price will retrace and until then I have a margin call ...

so thanks for changing the strategy and sharing with us

regards
Andi
  • #3,276
  • Nov 7, 2010 3:53am Nov 7, 2010 3:53am
Quoting jva
Hi Guys, a message from the Netherlands, I do like both your systems, I'm not a programmer, so I can be of no help here. I'm a designer though and it might be nice to design a manual, for the systems Naningbob, the Beast and other stuff of great importance and do this in a similar way so the details make sense to the reader (also newbies). I do hate stupid questions, but a good designed manual helps to avoid (not all) these things to happen. So if you want I can help you with this. Just send me the word and I'll figure something out.
Be glad to have you help but I am not sure. I would need to write the manual and maybe have you check it. I think 6.1 has potential if my theory holds water.
  • #3,277
  • Nov 7, 2010 4:12am Nov 7, 2010 4:12am
So Bob do you think that for a unchanged forex broker (like we have in Europe with usual leverage 1:200) 5.3 system is still good?
  • #3,278
  • Nov 7, 2010 4:52am Nov 7, 2010 4:52am
I would like to make an amendment to my last post, if price is outside the 6ths and TMA has a strong angle trade both ways but if it is flat trade towards the center of the screen.
  • #3,279
  • Nov 7, 2010 4:53am Nov 7, 2010 4:53am
Quoting greven
So Bob do you think that for a unchanged forex broker (like we have in Europe with usual leverage 1:200) 5.3 system is still good?
yes, the system works if you have both the money and leverage to trade it.
  • #3,280
  • Nov 7, 2010 5:32am Nov 7, 2010 5:32am
Quoting Free99

//edit
I found an example... very difficult situation
currently on USDCHF

http://img72.imageshack.us/img72/7161/usdchfh4.gif
there was the signal I think we have to look for... but now have a look at the 5 minute chart

http://img824.imageshack.us/img824/6856/usdchfm5.gif

all the time line crossing in every direction... *confused
@Free99

i maybe did not explain my entry situtation correct to understand the MTF advantage.
for me it is first important if price CLOSE outside the TMA Band within the higher TF (4h for example). i than switch to lower TF for an entry. now it is important for me, that price also close outside TMA band and for LONG entry the black MA has to cross the Red MA and for SHORT the Blue MA.
with this i give the price more time for a safer entry. if i would take for LONG the cross of the Blue MA i'm in the market to early.

at your 5min picture the entry would be much later at the right side of the picture.
to look at the RWB for me firstly it is important that all Lines ar together at the extremes. my stoploss would be the last high/low.
if the trade stop in loss the second entry is most of the time a divergence trade in conjuction with the red MACD.

@all today at evening i will start a new thread. it is better not to confuse new readers with new rules. in the new thread we could then compare our trades with other V6 rules from other threads.

Mediator
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