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Attachments: Nb 1.0 trend trade system
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Nb 1.0 trend trade system

  • #141
  • Jan 3, 2011 5:41am Jan 3, 2011 5:41am
I took the Eur/USD and the Aud/Cad pics below
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur usd.gif Size: 24 KB
Click to Enlarge Name: aud cad.gif Size: 29 KB
  • #142
  • Jan 3, 2011 5:42am Jan 3, 2011 5:42am
went to bed with gu running TP 120 sl 80 hit TP sometime last night
also put ea on EU went to bed.. Woke up EU currently +20

I LIKE

Funny I was demoing an other system and it took GU as a buy and got stopped out
Thanks
DC
  • #143
  • Jan 3, 2011 5:47am Jan 3, 2011 5:47am
On my side GBPUSD got stopped for -4 pips, then pulled off but i was in bed to put the sell ea back on, eurusd just got triggerd for a buy, i put the close_buy ea onto chart. Off too work.
Harmonics and Pitchfork using korHarmonics from TradingArsenal
  • #144
  • Jan 3, 2011 5:52am Jan 3, 2011 5:52am
Good morning Nb 1.0 thread! This is my first post on this forum, though I've been reading many threads in the past months, especially those by nanninbob.

I'd like to thank Bob for all the work he has put into his systems and his extraordinary generosity to share them with the public! I am happy that I can follow the development of this new system from the very beginning. I've used a customized version of the NB 6.1 with good success, and I'll keep an eye on this one as well.

What I like about the new system is that there are defined stop loss levels, making the calculation of money risked in the trade a lot easier for me. Plus, since we're buying the dips of the trend, the next move is most likely longer than the retrace before (used by counter trend trading) since we're following the direction of the trend -> higher high.

I'll give it a shot on demo and see if I can integrate it with my lifestyle. Some trading windows seem to open and close within a few hours, hope that I can catch enough of them :-)

BTW, to me this looks like a system that is destined to be mostly automated (I don't trust fully automated systems) due to the clearly defined trading rules.

Thanks again Bob and a happy, healthy and prosperous year to everybody on the thread!
  • #145
  • Jan 3, 2011 5:54am Jan 3, 2011 5:54am
Here is a 5x5 MA warnig cross. I have set it up so it should warn you a little early. I had to use the 1MA crossing the 5MA on different settings to approximate the bid crossing the 5MA but it is not going to be quite the same. You can test it out. It will ring, post an arrow and give a message screen. You then can decide if you like the trade. Let me know if it is too early or too late and I can adjust it. You will get signals going both ways so good luck.
Attached File(s)
File Type: mq4 MA CROSS 5x5 WARNING.mq4   4 KB | 976 downloads
  • #146
  • Jan 3, 2011 5:56am Jan 3, 2011 5:56am
I have an entry EURUSD LONG. but now at -11.4 pips. if i look at the 5 min chart i see higher lows and mybe could have an earlier entry. i will follow an MTF approach with the trend-based system. another test i will do is to put RWB on the chart again and trade both trend- and counter-trend.
both system could give good entries end exits

if trend system gives an entry then counter-trend system should be give the trendexit and an countertrend entry.

you know at every timeframes are trends. if in 1h you see a correction in price in this correction is also a trend but in a lower TF.

maybe we will see.

i attach a chart with my trade for journaling.

@nanningbob: are you willing to journal your trades like in the countertrend version?
Attached Image (click to enlarge)
Click to Enlarge Name: NB1.0EURUSDLong1h.jpg Size: 78 KB
  • #147
  • Jan 3, 2011 5:57am Jan 3, 2011 5:57am
Quoting nanningbob
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.
Hi Bob
When you decide to change the TF ie to 30 min for the TP/SL EA ,do you decide that , based on the Strength , Weakness of the Currency Pair only (momentum)
So less strength, smaller timeframe
Do you look at other timeframes to decide what TF to use for your EA
ie looking at the overall trend strength on H4 to see if it is worth keeping open for a longer period or do you accept the smaller gains knowing that you will have lot of opportunities
I would just like to know how you choose your TP Strategy as this is always my stumbling block (Getting to greedy for example and leaving it open when I should have closed it a long time ago )
Thanks for a great system
Fanatica
  • #148
  • Jan 3, 2011 6:03am Jan 3, 2011 6:03am
Quoting peterporter
Hi Bob
When you decide to change the TF ie to 30 min for the TP/SL EA ,do you decide that , based on the Strength , Weakness of the Currency Pair only (momentum)
So less strength, smaller timeframe
Do you look at other timeframes to decide what TF to use for your EA
ie looking at the overall trend strength on H4 to see if it is worth keeping open for a longer period or do you accept the smaller gains knowing that you will have lot of opportunities
I would just like to know how you choose your TP Strategy as this is always my stumbling block...
This is the descretionary part of trading. Today is a bank holiday in many countries so I dont expect price to move that much today. So any profit that hits the board i want to protect quickly. If it was Tuesday or Wednesday I might give it more room. I find mentally pocketing profits on a consistent basis does a lot of good to my condfidence. The GU hit my 50 pip SL I set, it may or may not run more today. All I know is I have a 50 pip profit in the bank and two more trades on the board. I hate to see a nice 70 pip profit trade move back to 0 pips and stop out on BE settings. I always like to make sure every winning trade makes a profit if I can. Even if its two pips. The bottom line is this too many trader gurus show 100, 200, 300 pip profits and they are not the norm. 40-80 is more likely. Do I miss pips a lot? yup but I dont lose my profit either. That is why I wrote that money management with this system so people will have reasonable expectations. 50 pips a day as an average is a reasonable and attainable goal. 5 years of that and your a millionaire. Trading dimes for crying out loud. Once people get out of their unrealistic expectations then they can start to make money. I knew a guy who had 7000 dollars and wanted to make a FT living from it in Forex. His expectations were unreasonable and he pushed the buttons too hard. Took him less than two months to lose it. If he would have traded 50 cent lots instead he would still be in the ballgame.
  • #149
  • Jan 3, 2011 6:12am Jan 3, 2011 6:12am
Bob,

For the EURUSD trade, I did not take that.
I thought you mentioned, if 5 SMMA is too far away from the bottom ATR band/green line, that is a no trade.

Did I misunderstood?

I was going by trade #12 & #13 example in your doc.

Thanks,
Kumar

Quoting nanningbob
I took the Eur/USD and the Aud/Cad pics below
  • #150
  • Jan 3, 2011 6:13am Jan 3, 2011 6:13am
Quoting Mediator
I have an entry EURUSD LONG. but now at -11.4 pips. if i look at the 5 min chart i see higher lows and mybe could have an earlier entry. i will follow an MTF approach with the trend-based system. another test i will do is to put RWB on the chart again and trade both trend- and counter-trend.
both system could give good entries end exits

if trend system gives an entry then counter-trend system should be give the trendexit and an countertrend entry.

you know at every timeframes are trends. if in 1h you see a correction in price in this correction...
Yes but I dont want to start until next week. Want to get some practice in and get the bulk of the teaching out of the way. I will set something up that can get me on and off the screen quickly. I am not multi level trading so reporting should be much easier.
  • #151
  • Jan 3, 2011 6:14am Jan 3, 2011 6:14am
5803 downloads in less than 2 days, I really cant believe that number is correct. Unbelievable.
  • #152
  • Jan 3, 2011 6:14am Jan 3, 2011 6:14am
I launched the sell EA on the cad/jpy too.
Is that a good setup?
  • #153
  • Jan 3, 2011 6:22am Jan 3, 2011 6:22am
Quoting nanningbob
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...
Got your meaning. you quantify "buy dip and sell rally" with your 240M, TMA stuff, great finding.

PS: I am in the trade of E/G and A/CAD. Looks good so far.
  • #154
  • Jan 3, 2011 6:27am Jan 3, 2011 6:27am
Quoting pitou
I launched the sell EA on the cad/jpy too.
Is that a good setup?
CADJPY looked good to me too. Price and the 5MA are all in the right area.
Attached Image (click to enlarge)
Click to Enlarge Name: Image 1.png Size: 20 KB
You are in a maze of twisty little passages, all alike.
  • #155
  • Jan 3, 2011 6:32am Jan 3, 2011 6:32am
Bob,
Does the EA only work on the currently open chart/window?

I had the EA set on the EUR/GBP last night but it was a no trade. So I am wondering if it is because it was not the active chart

Regards
Marvin
I am so out of date that I have not yet caught the Millennium Bug.
  • #156
  • Jan 3, 2011 6:59am Jan 3, 2011 6:59am
Just closed the eur/gbp for 53 pips profit, eur/usd currently at 33 pips in profit with SL at breakeven.

Astonishing results for this time of year, for I would not normally consider trading for another week at least...

Cheers,

Pete

ps. just closed out the e/u for 31 p.prof, time to hit the sack!
  • #157
  • Jan 3, 2011 7:12am Jan 3, 2011 7:12am
Just missed by about 5 pips a 100 pip profit on GU last night & now it has gone back up to leave me with a 20 pip profit. Hit 50 pip on EG. Both of these manual trades on my live account.

As everyone has already said, great new system, Bob. Also my preferred method of trading following the current trend after a pullback. Not sure about the complaints about the TMA line. Something has to be used.
  • #158
  • Jan 3, 2011 7:17am Jan 3, 2011 7:17am
Quoting paradoxical
Just missed by about 5 pips a 100 pip profit on GU last night & now it has gone back up to leave me with a 20 pip profit. Hit 50 pip on EG. Both of these manual trades on my live account.

As everyone has already said, great new system, Bob. Also my preferred method of trading following the current trend after a pullback. Not sure about the complaints about the TMA line. Something has to be used.
I would suggest using a trade Management EA.
  • #159
  • Jan 3, 2011 7:18am Jan 3, 2011 7:18am
Got to work just closed out EU for profit so far GU and EU up 128.7 pips
I'm done for now

I'm going to use the 240 and 5x5 ma for other things I do to identify trend
on 1H TF

Thanks Bob
  • #160
  • Jan 3, 2011 7:31am Jan 3, 2011 7:31am
Quoting nanningbob
I took the Eur/USD and the Aud/Cad pics below
Hi Bob, the aud/cad seems to be a lose one. May I ask how many stoploss u put for this pair?

thanks
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