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Nb 1.0 trend trade system

  • #81
  • Jan 2, 2011 1:06pm Jan 2, 2011 1:06pm
Quoting Flava
I'm on board! Just a quick question Bob... what are your thoughts on adding to positions/pyramiding when price moves in your favor? Seems it would go good with this method since we're now going with the trend.
I think that is possible if you understand the fundamentals behind the price move. For example if England changes its interest rate which definitely will make price move in one direction probably for a week or more. More likely that would affect gbp for several weeks. You could pyramid your trades. I would only do this if you knew for sure the fundamental reason price will continue in this direction. I would stop pyramiding when the TMA line and 240MA line start converging but only do this while they are diverging.

Another example would be if you see in the news that China just made a major deal with Australia in buying some mineral. Price action with the Aussie would trend for weeks after that.
  • #82
  • Jan 2, 2011 1:23pm Jan 2, 2011 1:23pm
Quoting Micheel
You know why its unique?
In Forex market you can agree with me or not there is a lot about psychology and emotions.
If all the rules are confirmed, and you even got different template for uptrend, downtrend you can feel comfortable and maybe thats the best way to trade as you said that when you see that its gonna be a good setup just run EA and give for a market a place to breath without (yours!)emotions.

As I checked past and even 'Bambo0' made an analysis I feel comfortable with signals.
Now its time for demo testing

Good Luck for everyone!
Great...
I agree with what you are saying. In the past I have had trouble with trend trading because I never really knew what a trend was. I never knew when it began and I never knew when it ended so I had difficulty trading it. Now that I have a definition and a clear cut formula, it starts here, it ends here, my psychology and emotions are much more positive. Does that mean it will always be 100% correct, of course not but I think it will work much more often than it will fail and that gives your confidence a great boost and keeps your emotions in check. In Forex trading it is very important you know exactly what you will do when price does something, When I see A I will do B if it does C I will do D but if it does E I will do F. That is very important to every trade, that you know in advance what you will do and you have a reasonable chance at success. Ever since our wonderful govt. decided I needed help with my trading decisions instead of making sure brokers were honestly giving us the real price action I have been in a funk. Now I feel I can control my if A then B If c then D and so on. I feel hope that I can tackle Forex again even with the new govt. regs and if they continue and decide to to 10:1 this system will still work, at least that is what I think.
  • #83
  • Jan 2, 2011 1:32pm Jan 2, 2011 1:32pm
Very nice, Bob. Thanks for sharing. Definitely subscribed.

Do you leave the ATRMultiplier in the TMA inputs at 2.0 for all pairs?

Mike
  • #84
  • Jan 2, 2011 1:33pm Jan 2, 2011 1:33pm
what is the best period for that EA ?
  • #85
  • Jan 2, 2011 1:53pm Jan 2, 2011 1:53pm
I want to say "Thank you" for this great Trading System. It is clear, waits for a Pullback in a trend and uses a simple but efficient way to enter the Trade.
Absolutely great work. I have never been thinking of writing something in FF, but now it is the right time to do that.
I'm really looking forward following this Thread
  • #86
  • Jan 2, 2011 2:01pm Jan 2, 2011 2:01pm
Quoting nanningbob
The trash can, it is not a file. I dont get that when I download the system???
Will you place some arrow when you would start taking a trade. I'm a bit confussed when to start.
Thanks for the support!
  • #87
  • Edited 2:50pm Jan 2, 2011 2:05pm | Edited 2:50pm
A real botch indi, but will do till someone includes the bells and whistles.

Waka

PS. You need the "TMA" indi in your indicator folder.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdgif.gif Size: 25 KB
Attached File(s)
File Type: mq4 TMA(Mid)vMA.mq4   1 KB | 767 downloads
  • #88
  • Jan 2, 2011 2:47pm Jan 2, 2011 2:47pm
Hi NB,

Thank you for your generosity. As I mentioned a few times on your Forum, I am a huge fan and although I am just a beginner, my “pips” report card for 2010 is in a (small) positive and this is because of your guidance.

The TMA seems to be a sensitive topic and I didn’t want to bring it back. However, it has been a bit of a puzzle for me since I made the leap from the 6TH. So I attached a small document with my understanding of the TMA usage. I would appreciate some feedback or confirmation from anyone (I read the Forum and I have no doubt you all have more experience than me with this!) that I captured (or not) the different between TMA Centered and TMAtrue..

I apologise in advance to all members who have a better understanding than me of the different versions of the TMA if you think this request to get clarification is a waste of your time.

Thank you

Attached File(s)
File Type: doc TMA.doc   228 KB | 1,110 downloads
  • #89
  • Jan 2, 2011 2:59pm Jan 2, 2011 2:59pm
Bob, (when) do you move your SL to BE?
  • #90
  • Jan 2, 2011 3:07pm Jan 2, 2011 3:07pm
Hello all,

In my first analysis, I entered the traded on the TMA line, which is probably wrong and the trades are now corrected to the MA5 cross.

Results still very positive: 1719 (exit on the TMA line, SL40).

Please take a look to the week of 18.10.2010

Attached Image (click to enlarge)
Click to Enlarge Name: 20101015.png Size: 111 KB


The first trade of 18.10.2010 - would you sell when the MA is so close to the middle line?

The second trade, initially the MA5 was too far away, but then it came close enough, would you trade?

The third one is a clear - no trade.

Which one would you take?
Attached File(s)
File Type: pdf USDCHF.pdf   562 KB | 801 downloads
  • #91
  • Jan 2, 2011 3:43pm Jan 2, 2011 3:43pm
Quoting Bunker
The TMA seems to be a sensitive topic..
There's not only the entry issue (distance of the 5MA from actual TMA borderline); the crossings with the 240 (and they are crucial for trend determination) also don't appear as seen on past charts - in reality the center TMA line seems to cross the 240 later. I don't want to argue about TMA usability in realtime and if Bob says it's ok to trade with the declared purpose behind it, I'm more than convinced about his statement. I for myself decided to test this great concept with TMATrue to be able to return to my decisions and analyze the (demo) trades comfortably.

Just an observation: the TMATrue center line is _almost_ identical to a same (56) period LWMA. With TMA (Centered), the center line will always match the 56 LWMA at the current candle (tick).
:-anything
  • #92
  • Edited 4:30pm Jan 2, 2011 4:02pm | Edited 4:30pm
I think the TMA is just a filter for visual confirmation, 5MA is the only signal.
I was just testing this is in the trade simulator and took a couple of hits because price near the tma green line only looks good in the past.

Here's a real time trade from Sept 14, as shown in the manual compared to live.
http://img842.imageshack.us/img842/2857/tma.gif

Perhaps in real time, pulling away from the center TMA is a valid confirmation. In any case, you will net pips.

EDIT: I was comparing TMA true in live example, to TMA in the manual. It appears TMA true will have a slightly different interpretation. They seem to appear identical in real time, but the regular TMA will alter its past data.
  • #93
  • Jan 2, 2011 4:03pm Jan 2, 2011 4:03pm
awesome method.

can this be automated?
  • #94
  • Edited 4:46pm Jan 2, 2011 4:16pm | Edited 4:46pm
Quoting jm8985
I think the TMA is just a filter for visual confirmation, 5MA is the only signal.
Yes, i'm about to read the TMA more like some COG/regression sort of visual tool.

Quoting jm8985
Perhaps in real time, pulling away from the center TMA is a valid confirmation. In any case, you will net pips.
I've been using the 60 LWMA for pullbacks since ever and was wondered it's nearly identical to TMA center line in realtime; a 56 LWMA is 100% of that if TMA is set to 56 default.
:-anything
  • #95
  • Jan 2, 2011 6:06pm Jan 2, 2011 6:06pm
yes it is a 56 LWMA with two bands of 2ATR(100) around it. I just created a quick and dirty indicator and it overlays TMA True very well.

But that is not the point...the point is that we have a well thought out method with a very simple trigger and even some great EAs to put on when you want to walk away.

Now it is just a matter of forward testing and then enjoying.
  • #96
  • Jan 2, 2011 6:15pm Jan 2, 2011 6:15pm
It is morning for me here in China so Good morning. Welcome to the world of Monday gaps, for some of you that would be Sunday evening. Anyway here are some pics of gaps and why you do not turn on your EA until they are done. Here is the eur/chf and the eur/cad gaps for today. if you had turned your EA on the entrance would have been way to late and most of the time price will rebound against you. Sometimes not but most of the time it will.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur cad gap.gif Size: 22 KB
Click to Enlarge Name: eur chf gap.gif Size: 27 KB
  • #97
  • Jan 2, 2011 6:16pm Jan 2, 2011 6:16pm
Here is the gbp/cad gap. Nasty things if you are on the wrong side of the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp cad gap.gif Size: 24 KB
  • #98
  • Jan 2, 2011 6:20pm Jan 2, 2011 6:20pm
Ok gbp/usd is the only real good trade I see this morning so I turned on my EA and see what happens. If price continues up the light blue willl cross the dark blue line and I will turn the EA off because we have confirmation that the trend has change directions. If price goes back south we will have a continuation of the DT after a nice retrace. So here we go, our first trade.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp usd trade.gif Size: 21 KB
  • #99
  • Jan 2, 2011 6:22pm Jan 2, 2011 6:22pm
Quoting Pinhead
Very nice, Bob. Thanks for sharing. Definitely subscribed.

Do you leave the ATRMultiplier in the TMA inputs at 2.0 for all pairs?

Mike
Yes it leave it at its setting. Some people will report changing it some but I have been happy with it as it is. If someone proves with live trades something works better I am all ears but until then I will stick with it.
  • #100
  • Jan 2, 2011 6:23pm Jan 2, 2011 6:23pm
Quoting crisis
what is the best period for that EA ?
The EAs are wired to the 1H chart. If you wish to use them on other time frames you will have to change the coding.
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