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Nb 1.0 trend trade system

  • #121
  • Jan 3, 2011 12:57am Jan 3, 2011 12:57am
Quoting HiArt
OK, here is my virgin post.

First of all, my thanks for this. You have obviously put a lot of effort in to this.

I think I understand this, but will paper-trade for a while until I know I understand this

Somewhere you mention 20 currency pairs. Probably, this is way too many for a noobie like myself to dive in to. I will start with Cable at least, but are there any other pairs (up to a maximum of about 6 I think) you recommend cutting one's teeth on? Or, would you say "bite the bullet" and use all 20
pairs?

By the way, which...
I will play anything that IBFX offers if the trade looks right. If you want six go with the basics eur/usd, gbp/usd, usd/jpy, eur/jpy, then maybe a cad, aud or nzd like aud/cad, aud/nzd or aud/jpy. Just mix them up some. The truth you will learn a lot about trading by watching as many pairs as possible. You will see correlations between pairs and get an understanding of how and why markets move.
  • #122
  • Jan 3, 2011 1:01am Jan 3, 2011 1:01am
Quoting GreatYves
Felicitation Nb, Great System you put up.


I see a little problem here. This other guy feed (Alpari US) close a few hour later on friday then Alpari UK, making some big difference on the TMA, Price haven't reach the TMA lower ban on the UK alpari. See for your self.

My chart.
Attachment

This other guy chart.
Attachment
MT4 brokers will use different starting and ending spots. Some use GMT some GMT +2 or -2. So that makes the start and stop time of candles different. I use IBFX here in the USA so my charts are based on their TF. But this would be true of all indicators used by the different brokers.
  • #123
  • Jan 3, 2011 1:03am Jan 3, 2011 1:03am
After activated the EA, can I turn off the computer before any trade enter by the EA? Sorry for the basic question as I use to manual trade. Thank you.
  • #124
  • Jan 3, 2011 1:03am Jan 3, 2011 1:03am
Well my GU sell went to 75 pips profit. It was moved to BE at 50 and is now currently 45 pips in profit.
  • #125
  • Jan 3, 2011 1:04am Jan 3, 2011 1:04am
Quoting dryclean
So when the 5MA goes below PA then turn the buy ea on? How close should PA be near the green or middle blue line

What if the pa is above the light blue TMA line, would you still put the ea on or just look for a better setup on another pair

Demo test this for a while and get a feel for the system. Once you see price action in relation to the 5MA and TMA bands you get a feel for it. It is always different in real time than just looking at back charts. Seems so easy backtesting. The real thing you dont have the image of the future before you.
  • #126
  • Jan 3, 2011 1:05am Jan 3, 2011 1:05am
Quoting sam2vt
After activated the EA, can I turn off the computer before any trade enter by the EA? Sorry for the basic question as I use to manual trade. Thank you.
When you turn off the computer you also turn off the program running the EA.
  • #127
  • Jan 3, 2011 1:08am Jan 3, 2011 1:08am
Quoting zznbrm
I have to admit...I stopped reading after about the second sentence. Have a nice life.
Actually I am, my first trade call G/U is about 70 pips in profit. Move my SL to +50 and see what happens. According to my money management I got my first days goal on the first trade guaranteed. Maybe I can get Tuesdays before the day is over. Sure wish those TMA lines would quit jumping all over the place.
  • #128
  • Jan 3, 2011 1:09am Jan 3, 2011 1:09am
Quoting ericjschroed
I may be wrong (have been at least once in my life), but it sounds like you are trying to force Forex trading into the Science category where everything is precise and measured, but the hardest, and longest, lesson for me to learn is/was that it really is more Art than Science and sometimes close is good enough, but only after you have traded and watched and learned long enough will you start to "get it". Just try to hang in there while you feed your brain the input it needs to succeed. I think I'm getting close.

In Bob's instructions he mentions...
I did not make myself clear enough. It is not related to Art or Science. My point is TMA center repaint may make you over optimistic for this system. Actually lots of paper trades with TMA center may not exist in real time.

just a few pages back, there was a USDCHF analysis, I suspect many trades might no longer exist in real time.
  • #129
  • Jan 3, 2011 1:10am Jan 3, 2011 1:10am
I see CADJPY setting up in a few hours.
  • #130
  • Jan 3, 2011 1:30am Jan 3, 2011 1:30am
Quoting ericjschroed
I may be wrong (have been at least once in my life), but it sounds like you are trying to force Forex trading into the Science category where everything is precise and measured, but the hardest, and longest, lesson for me to learn is/was that it really is more Art than Science and sometimes close is good enough, but only after you have traded and watched and learned long enough will you start to "get it". Just try to hang in there while you feed your brain the input it needs to succeed. I think I'm getting close.

In Bob's instructions he mentions...
Good answer and true. As you can see due to different brokers, time starts and stops, time zones, etc not everything is going to be so clear cut. It doesnt have to touch, the real truth to the system is a retracement can be big or small but either way the 5MA is the entrance when price commits itself back into the trend. If price does not commit itself back into the trend the 5x5 MA is far enough away that it wont commit you to the trade. That is the plan. Frankly I was trading this without the TMA and the 240 MA and just taking 5MA crosses whenever there was separation (price action from the 5MA lines) and was profitable. That is why I am not too concerned about TMA arguments. I already know it works but the MA240 and TMA keeps me out of using multiple level recoveries like I was doing in practice. So get a feel for what works and what doesnt on a demo.
  • #131
  • Jan 3, 2011 1:44am Jan 3, 2011 1:44am
i miss the gu, but in profit with eg,nj in my small live acct. i think people should judge this system after trading with it. Thank you so much for sharing this big toy with us, Bob.

Support from China, and thank u for helping our people~
  • #132
  • Jan 3, 2011 1:50am Jan 3, 2011 1:50am
Quoting henryloving
I did not make myself clear enough. It is not related to Art or Science. My point is TMA center repaint may make you over optimistic for this system. Actually lots of paper trades with TMA center may not exist in real time.

just a few pages back, there was a USDCHF analysis, I suspect many trades might no longer exist in real time.
The trades only will not exist if you dont take them. If they are taken the results would be the same because the trade is not dependent on the TMA for entrance or exit. The entrance and exit are based on MA lines and they dont change. Dont understand why this is not fully comprehended????????????? You are entering off of a rally/dip back into the trend. Once you grasp this the TMA position arguments become irrelevant. However, it is a great guide into when to turn on the EA so you dont turn it on too early. Something I found out in testing the 5x5MA. Early entrances were the only serious bug. The TMA solves this problem.
  • #133
  • Jan 3, 2011 1:55am Jan 3, 2011 1:55am
another two pairs profiting now with this systmen now: gj,gc......short gu, gj, gc---correlation Yes, shoud put the trigger under the right condition.

Wanna say thank u again to Bob
  • #134
  • Jan 3, 2011 2:02am Jan 3, 2011 2:02am
Hi NanningBob,

If I am a freaky manual type of guy, what would be the conditions for me to enter the trade manually? (i.e. I know it will be some point after all the conditions you have outlined are true. What are the exact conditions that the EA looks for when entering?)

Cheers
StaticX
  • #135
  • Jan 3, 2011 2:06am Jan 3, 2011 2:06am
Thanks Bob, this is very interesting to me. I think it's a shame that people latch onto issues such as the TMA. In my mind, any trading system be it mechanical or otherwise requires a level of discretion. TMA True may well be more representative of the past than TMA, however trading any system is about what happens in the NOW ! TMA is one of the tools in the armory that appears to allow the trader to have some discretion in their approach. It will work for some and it won't work for others. But let's not get hung up on what it looked like in the past, trade what feels right for you and if TMA isn't right, there are other threads and systems guys.

I am following with interest what I believe to be a great setup on EU forming using all of the tools that Bob has given us. Will be following with interest.
  • #136
  • Jan 3, 2011 2:59am Jan 3, 2011 2:59am
Quoting nanningbob
I am hoping someone will develop an angle indicator that monitors the distance of the 240MA with the TMA center line. This way we know when price action is slowing down and a range period is coming. With learning and understanding that definition may come at a later time. You really dont know you are in one until you are in one. As you can see a weekly chart has fewer range times than lower time frames.
I know there is a such EA on the thread of 5mn Philip Niel Strategy which measures the angle of the distance between 2 MAs....maybe it could be modifie to answer our need.

Also I would like to know what is the TMA ? I think it is Tunnel Moving Average, but what are the values ?

TX
  • #137
  • Jan 3, 2011 3:22am Jan 3, 2011 3:22am
Quoting boomslang
i miss the gu, but in profit with eg,nj in my small live acct. i think people should judge this system after trading with it. Thank you so much for sharing this big toy with us, Bob.

Support from China, and thank u for helping our people~
I have enjoyed my stay here very much. Chinese people as a rule are great hosts.
  • #138
  • Jan 3, 2011 3:24am Jan 3, 2011 3:24am
Quoting StaticX
Hi NanningBob,

If I am a freaky manual type of guy, what would be the conditions for me to enter the trade manually? (i.e. I know it will be some point after all the conditions you have outlined are true. What are the exact conditions that the EA looks for when entering?)

Cheers
StaticX
I would get a MA cross warning system and then trade when price crosses the 5MA shift 5. You then are alerted and you can decide if you want to take the trade. I have one somewhere and I will see if I can post it for you.
  • #139
  • Jan 3, 2011 3:29am Jan 3, 2011 3:29am
Quoting rogerha
Thanks Bob, this is very interesting to me. I think it's a shame that people latch onto issues such as the TMA. In my mind, any trading system be it mechanical or otherwise requires a level of discretion. TMA True may well be more representative of the past than TMA, however trading any system is about what happens in the NOW ! TMA is one of the tools in the armory that appears to allow the trader to have some discretion in their approach. It will work for some and it won't work for others. But let's not get hung up on what it looked like in the...
After a couple of days of successful trades they will disappear. They came onto my previous thread with the same stuff last time so I knew they would come again. Just trade the system and you will see it will work more times than it will fail. Some people just get so hung up on the one negative thought that they cant see the success. There will be plenty of trade scenarios to choose from and if 5 days later we found out that the lines moved and we missed some trades so what. I have 20 currency pairs on the board and if each pair gives me 1 or 2 signals a week I am not going to complain or worry about the 10 or 20 that were missed because the lines didnt quite match. Missed the eur/gbp trade but that was a good one too.
  • #140
  • Jan 3, 2011 3:36am Jan 3, 2011 3:36am
Here is the eur/gbp trade I missed today. I see some of you picked it up. Good show. Sitting at +39 now bring you SL up or use the close EA see both pics. The Second pic is your close EA. The Blue line now becomes your take profit line and your SL line. This is a pic on the 30M chart for the TP line the tan pic is a 1H for trade entrance 30M for trade exit and it is greenish.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur gbp miss.gif Size: 25 KB
Click to Enlarge Name: eur gbp tp ea.gif Size: 31 KB
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