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Nanningbob 4h trading system ver. 5.0

  • #3,341
  • Nov 9, 2010 1:06pm Nov 9, 2010 1:06pm
Quoting nanningbob
I dont know why you had a problem with those two. Neither one of them entered on my charts. 6.1 would not have entered where 6.0 would have so you need to check your EAs and see which ones you are using.
Ive got the same false entrys yesterday on EURAUD and EURCAD, used the new 6.1 5x2 low buy, the ma on the chart never crossed ?
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  • #3,342
  • Nov 9, 2010 5:06pm Nov 9, 2010 5:06pm
Quoting katman
Ive got the same false entrys yesterday on EURAUD and EURCAD, used the new 6.1 5x2 low buy, the ma on the chart never crossed ?
I got both the same trades yesterday. As soon as the trades entered they went bad so I closed them out per rules of the system. You can see that all Euros are in heavy trending so if they go back below the 5MA close them out.

Yesterday was a good day, I took 11 trades 8 went for profit 3 did not. I am playing with a 30 pip TP and +10. 4 hit my +30 and 4 hit my +10 for +160. My 3 losing trades were for -49 so my total for the day +111.

I am thinking of writing into the cade that if the 2MA goes back across the 5 MA to close the trade. I will need to use the MEDIAN 2 MA to make that work right.
  • #3,343
  • Nov 9, 2010 5:09pm Nov 9, 2010 5:09pm
Quoting maestrodforex
So - since I'm still a little confused, I need to ask:

We only take trades on the 6.1 system once the price is OUTSIDE the blue lines? Is that a safe guideline? I've seen other trades that have come but didn't decide to add the EA's to either buy or sell because price was INSIDE of the blue outter lines... (see example)...

The blue line is a 25MA or the 200 MA on a 30M chart. If price is above it its in an uptrend if below it is in a downtrend.
  • #3,344
  • Nov 9, 2010 5:26pm Nov 9, 2010 5:26pm
Quoting nanningbob
The blue line is a 25MA or the 200 MA on a 30M chart. If price is above it its in an uptrend if below it is in a downtrend.
Okay - that's another thing I didn't know - but I mean the horizontal blue line - since there are two - I believe that is from the 6th indicator... Do we take only the trades once price has moved outside those blue lines and it's coming back?
  • #3,345
  • Nov 9, 2010 10:50pm Nov 9, 2010 10:50pm
Quoting maestrodforex
Okay - that's another thing I didn't know - but I mean the horizontal blue line - since there are two - I believe that is from the 6th indicator... Do we take only the trades once price has moved outside those blue lines and it's coming back?

This is a test version so I am trying many different scenarios at the moment.
  • #3,346
  • Nov 9, 2010 11:53pm Nov 9, 2010 11:53pm
Quoting Olarion1975
Hi Bob,

above you state the 2MA is a median...if I look into your recent EAs from your "6.1 TEST.zip" the EAs are entering with a cross of the 2 LWMA close shift 0 and the 5 LWMA median price shift 2... How come?

Cheers,
Oliver
Yes, indeed in the tpl the 2LWMA is applied to Close.. I think we have to modified it to Median
That's why I got false crosses.
  • #3,347
  • Nov 10, 2010 2:44am Nov 10, 2010 2:44am
Quoting nanningbob
I got both the same trades yesterday. As soon as the trades entered they went bad so I closed them out per rules of the system. You can see that all Euros are in heavy trending so if they go back below the 5MA close them out.

Yesterday was a good day, I took 11 trades 8 went for profit 3 did not. I am playing with a 30 pip TP and +10. 4 hit my +30 and 4 hit my +10 for +160. My 3 losing trades were for -49 so my total for the day +111.

I am thinking of...
Do you really just take 30 pips, even if there is a high chance that there can be 100 pips profit?
what do you mean by +10?
sorry for that stupid question
  • #3,348
  • Nov 10, 2010 6:15am Nov 10, 2010 6:15am
Hate to get in anyone's way with everyone working on the new version, but just a quick question about a current setup in EURUSD using the 5.3 version. I currently have #1 Buy on this, but wondering if there was any other way to play this? Would anyone take a #5 Buy here (indicator setup looks pretty good)?Or would you be content to sit and wait for the #1 entry (if it comes)?
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  • #3,349
  • Nov 10, 2010 9:57am Nov 10, 2010 9:57am
Quoting maninjapan
Hate to get in anyone's way with everyone working on the new version, but just a quick question about a current setup in EURUSD using the 5.3 version. I currently have #1 Buy on this, but wondering if there was any other way to play this? Would anyone take a #5 Buy here (indicator setup looks pretty good)?Or would you be content to sit and wait for the #1 entry (if it comes)?
#3 bulge
  • #3,350
  • Nov 10, 2010 8:31pm Nov 10, 2010 8:31pm
Quoting Radio
#3 bulge

The Bulge EA would be good there yes.
  • #3,351
  • Nov 10, 2010 8:35pm Nov 10, 2010 8:35pm
Quoting Free99
Do you really just take 30 pips, even if there is a high chance that there can be 100 pips profit?
what do you mean by +10?
sorry for that stupid question

I am comparing taking 30 pips on every order rather than some hitting my MPTM for +5 or +10 and others are left to run. What I am thinking of doing is having an EA that will close the trade if price goes against you and the 2MA uncrosses again. Then I wouldnt use the MPTM and let all trades run or uncross. That maybe the best strategy. I will talk to Steve about adding that to the EA.
  • #3,352
  • Nov 10, 2010 8:47pm Nov 10, 2010 8:47pm
I lost my internet connection here in China so I would have had my first losing day. I closed out 6 winning trades 2 at +30 and the rest at +5. I closed one losing trade but if the internet had been on I would have closed out some others for my first losing day. I now am waiting for L2 entrances on some of my losing trades to see if I can zero them out. So back to some recovery trades. See how it goes.

I also am sick and in bed so I wont be commenting much today.
  • #3,353
  • Nov 10, 2010 10:37pm Nov 10, 2010 10:37pm
Hello Bob,
Instead of 200-250 pips, wouldnt a reentry at every 100 pips reduce a DD in the recovery mode?
What is your opinion on this? If a trade gets stopped out at level 3, we are loooking at 600-750 pips with the original rules...
  • #3,354
  • Nov 10, 2010 11:08pm Nov 10, 2010 11:08pm
Quoting The7
Hello Bob,
Instead of 200-250 pips, wouldnt a reentry at every 100 pips reduce a DD in the recovery mode?
What is your opinion on this? If a trade gets stopped out at level 3, we are loooking at 600-750 pips with the original rules...
It depends on how much DD you want to handle. I can handle 4-500 and then I start to bail out. I have found out that if you put your recoveries too close together then you run into margin level problems when price doesnt retrace. Too many levels make recovery harder. Now if you want to bail at 300 I would go with 2 levels and be done at 150 reentry. I do that with the slower currencies.
  • #3,355
  • Nov 10, 2010 11:15pm Nov 10, 2010 11:15pm
Hi all,

I've recently come across this system and am trying to get my head around it. Looks like a very good system but complicated! I also can't seem to find how it has fared lately in the recent market conditions. What sort of results has it had for September and October? I've seen the results for all the months up to August and they are exceptional but I couldn't find more recent results.

Cheers,

Murray.
  • #3,356
  • Nov 10, 2010 11:52pm Nov 10, 2010 11:52pm
Nanningbob - are you using the MPTM to manage all of your 6.1 trades? If so - do you mind posting your settings for the MPTM? I'm having a hard time getting the MPTM to work out what I want it to do...

Will like to see your settings and compare to try and see where I'm wrong!

Thanks!
  • #3,357
  • Nov 11, 2010 12:29am Nov 11, 2010 12:29am
Quoting nanningbob
It depends on how much DD you want to handle. I can handle 4-500 and then I start to bail out. I have found out that if you put your recoveries too close together then you run into margin level problems when price doesnt retrace. Too many levels make recovery harder. Now if you want to bail at 300 I would go with 2 levels and be done at 150 reentry. I do that with the slower currencies.
What exactly is your TP target at Level2 entry? Are you looking to breakeven or aiming for some profit? If yes, what profit level you love to see? I know at Level 3 we hope for break-even but i havent come across where you mention the Level2 target...
  • #3,358
  • Nov 11, 2010 7:34am Nov 11, 2010 7:34am
Quoting maestrodforex
Nanningbob - are you using the MPTM to manage all of your 6.1 trades? If so - do you mind posting your settings for the MPTM? I'm having a hard time getting the MPTM to work out what I want it to do...

Will like to see your settings and compare to try and see where I'm wrong!

Thanks!

As bob said before mptm has some flaws. I've gotten to where I dont trust it at all. Sorry Steve but that sucker is giving me fits!!

Gonna try Swiss army Ea next week to see if it manages the trades better
  • #3,359
  • Nov 11, 2010 7:48am Nov 11, 2010 7:48am
what is the latest version now???can some give a link to download??
  • #3,360
  • Nov 11, 2010 8:01am Nov 11, 2010 8:01am
Hi,
Where does this start please. I looked at page one and I cant see any rules etc.
Steve
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