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Nb 1.0 trend trade system

  • #41
  • Jan 2, 2011 4:00am Jan 2, 2011 4:00am
Hey Bob, thanks for your wonderful work. I'll fwd test it. Happy new year.
  • #42
  • Jan 2, 2011 5:13am Jan 2, 2011 5:13am
Thanks bob for your great work - 1 question - You mention switching on the buy or sell ea as they approach, or cross the green or red tma lines - assuming you are clear on the trend ie the tma centre is well above or below the 240 line can you just load the respective ea and wait. Obviously i know the 5x5 position relitive to the tma centre is important also so all trades would not be valid but can it work this way

2) is the sl of the opposite band coaded in the profit ea once your in atrade
  • #43
  • Jan 2, 2011 5:58am Jan 2, 2011 5:58am
Hi Bob !

First of all I wish you and your relatives a happy new year and the power to reach all of your goals

I'm not through all your new stuff yet but what you have distilled is
nearly 100% the way I trade since a longer time....

It was you who inspired me and I can't thank you enough for that !!!

I can guarantee you, that this trading approach will work....

Best wishes

Bernhard
  • #44
  • Jan 2, 2011 6:23am Jan 2, 2011 6:23am
Quoting duffypratt
In trade number 19, the trade is an uptrend trade. But both at the time when the EA would get set, and when price crosses the 5, price is below the 240. Are you sure you want to include this as a valid trend trade?

A similar thing almost happens in trade 25. There its a sell trade, but price is above the 240 when the EA is set. By the entry occurs, price has also dipped below the 240, so this one makes a bit more sense to me.
In both trades 19 and 25 the TMA center line tells you whether to buy or sell. #19 is a buy even though price is below the MA 240 but the TMA line is still above telling you that you are still in an uptrend. So you are still in Buy Mode. In trade #25 the TMA center line is below the 240MA (dark blue line) so you are now in sell mode even though price is still above the 240. So you still take those buy and sell trades.
  • #45
  • Jan 2, 2011 6:30am Jan 2, 2011 6:30am
You also mentioned a "close all trades" script, but I don't see it anywhere. And how far above or below that last high/low do you place your SL?

I will post the close all trade script but it is not neccesary since we wont be using the multiple trade levels like we used to. You could have 15-30 trades going under the old system but I dont see that with this. Mainly because of the SL or close EA you will be using. I do not anticipate multi level trading this system.
  • #46
  • Jan 2, 2011 6:39am Jan 2, 2011 6:39am
Quoting erbguy
Looks Fantastic! Much simpler and easier to understand.

My question deals with which TMA to use. Right now, if you look at the USD/JPY on the H1 with the TMA True loaded, price broke below the 240 MA on December 23rd, so we're looking for shorts, but the price never hits the "red" top line of the TMA True indicator. But if you load the TMA Centered indi price hits the top red line of the indi several times. Just wondering which indicator to use. It seems ok on a lot of the currencies, but on others I'm not sure which one to use.

I'd really...
I use the TMA centered for all my trades, The TMA true is suppose to be better for back testing but I like the TMA centered for all my live trades. The 5MA however is always the same and that is your trigger to enter the trade. The TMA is just a reference point to turn on the EA. The EA entrance point is the most critical part of the system.
  • #47
  • Edited 7:08am Jan 2, 2011 6:50am | Edited 7:08am
Hi Nanningbob

This chart of 1Hr NU last week. TMA is in a UT but the retraces are never coming back to the green TMA band and price is going up aggressively above the red which is oversold I take it?

So this would be off your menu I take it?

Aussie last week UT I've highlighted 3 buys of the 1 hr chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: es.jpg Size: 104 KB
Click to Enlarge Name: aussie.jpg Size: 109 KB
rat
  • #48
  • Jan 2, 2011 7:09am Jan 2, 2011 7:09am
Quoting censura
Thanks bob for your great work - 1 question - You mention switching on the buy or sell ea as they approach, or cross the green or red tma lines - assuming you are clear on the trend ie the tma centre is well above or below the 240 line can you just load the respective ea and wait. Obviously i know the 5x5 position relitive to the tma centre is important also so all trades would not be valid but can it work this way

2) is the sl of the opposite band coaded in the profit ea once your in atrade
1. This is the beauty of using EAs. You dont have to be there to enter the trade. I plan on setting up my EAs 2 or 3 times in a day. Maybe I can get by once a day. We will have to see. Once price nears the outer bands and you turn on the EA it could be hours before price enters the trade. Price does not enter until it crosses that line so you can turn it on anytime outside the line. Then you let the EA do its thing. So yes if you see a trade coming, turn on the EA, take your wife/husband out for dinner and come back in 3 hours and see if it has entered. Remember every candle represents 1 hour of time so you have plenty of time to enter the trade.

2. Right now the EA does not have a SL loss setting. If someone could write a stop loss based on the previous Fractal we could put that in the EA. Either in the EA or have the MPTM EA handle that function. Steve you around for that one??
  • #49
  • Edited 7:47am Jan 2, 2011 7:17am | Edited 7:47am
I tried to analyze the system on a different pair, the USDCHF.
Results seem to be great, from 17.9.2010 until end of the year between 1869 and 2189 pips, depending on some trade-decisions.

Everything is in my attached document.
(I took all trades, even if both blue lines are very close)


Hopefully I understood the system from the scratch...

Bambo0

(just reloaded the attachements because of some missing pages)
Attached Image
Attached File(s)
File Type: pdf USDCHF.pdf   495 KB | 838 downloads
  • #50
  • Jan 2, 2011 7:19am Jan 2, 2011 7:19am
Quoting rattyo
Hi Nanningbob

This chart of 1Hr NU last week. TMA is in a UT but the retraces are never coming back to the green TMA band and price is going up aggressively above the red which is oversold I take it?

So this would be off your menu I take it?

Aussie last week UT I've highlighted 3 buys of the 1 hr chart.
With my system Tuesday last week would be the best day to enter the trade. The harder question is when to exit. NZD and AUD pairs like to run and run and run. I often just take my 50 pips and wait for the next signal but as long as price stays above the 5MA line you can stay in. See pic below.
Attached Image (click to enlarge)
Click to Enlarge Name: nzd last week.gif Size: 41 KB
  • #51
  • Jan 2, 2011 7:22am Jan 2, 2011 7:22am
Thanks for sharing Bob.

Looks nice and simple, looking forward to testing.

Happy New Year.
  • #52
  • Jan 2, 2011 7:25am Jan 2, 2011 7:25am
OK lets take a look at some possible Monday trades. I would not turn any EAs on until after the gaps so remember the gaps may change price enough to prevent trade from being wise choices. This first trade is watch for the cross on the aud/jpy and see if it goes into DT mode. If it does then this is a possible trade setup. See what happens after the gaps.
Attached Image (click to enlarge)
Click to Enlarge Name: aud jpy sell.gif Size: 38 KB
  • #53
  • Jan 2, 2011 7:28am Jan 2, 2011 7:28am
This EUR/CAD is perfect but with the blue and blue ready to cross we know it probably wont be a big winner. EUR/CAD could go into UT but price could bounce right back down into a contined DT. Either way if the Monday gaps dont ruin it, it would be a good trade.
Attached Image (click to enlarge)
Click to Enlarge Name: eur cad sell.gif Size: 33 KB
  • #54
  • Jan 2, 2011 7:30am Jan 2, 2011 7:30am
The EUR/CHF looks good along with the eur/jpy. Both of these are sells.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur chf sell.gif Size: 37 KB
Click to Enlarge Name: eur jpy sell.gif Size: 35 KB
  • #55
  • Jan 2, 2011 7:33am Jan 2, 2011 7:33am
All four of the GBP pairs look good as sells and the eur/gbp as a buy. See how they develop Monday. Here is the gbp/cad as a sell and eur/gbp as a buy.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp cad sell.gif Size: 36 KB
Click to Enlarge Name: eur gbp buy.gif Size: 33 KB
  • #56
  • Jan 2, 2011 7:36am Jan 2, 2011 7:36am
NZD/CHF could be a sell. TMA center line is below the MA240 and price is above but it meets the conditions of a sell trade. One last run for the bears before they bulls take over???
Attached Image (click to enlarge)
Click to Enlarge Name: nzd chf sell.gif Size: 35 KB
  • #57
  • Jan 2, 2011 7:37am Jan 2, 2011 7:37am
Quoting Bambo0
I tried to analyze the system on a different pair, the USDCHF.
Results seem to be great, from 17.9.2010 until end of the year between 1257 and 1487 pips, depending on some trade-decisions.

Everything is in my attached document.

Hopefully I understood the system from the scratch...

Bambo0
Thanks I will take a look at it.
  • #58
  • Jan 2, 2011 7:43am Jan 2, 2011 7:43am

One last thing before I go out for a while. This is a holiday week so prices can fluctuate wildly at times. The market will not be its normal self until the middle of the month so dont expect things to follow according to form. So test away and make sure everything works with your broker first before doing any live trading.

  • #59
  • Jan 2, 2011 7:49am Jan 2, 2011 7:49am
Quoting nanningbob
Thanks I will take a look at it.
I reloaded the attachments, because two pictures have been missing!
  • #60
  • Jan 2, 2011 7:59am Jan 2, 2011 7:59am
3807 downloads in the first 20 hours. I should have charged a dollar. LOL Oh well. Good luck to all of you and God Bless.
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