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Nb 1.0 trend trade system

  • #161
  • Jan 3, 2011 7:44am Jan 3, 2011 7:44am
Tread, I never used one. Mainly because I primarily have traded manually in the past and watched my trades while doing my day job. I can see that one would be useful here, as some of the better trades would possibly be just before I go to bed, or in cases where I can't be here. What one do you use? Is it something that applies a trailing stop at X pips, or ?

Quoting Tread
I would suggest using a trade Management EA.
  • #162
  • Jan 3, 2011 7:47am Jan 3, 2011 7:47am
Quoting boomslang
Hi Bob, the aud/cad seems to be a lose one. May I ask how many stoploss u put for this pair?

thanks
I think the nearest low if u still in trade u can use the low at 1.074 for 50 pips maximum stoploss
I'm not a programmer and i don't like ! , but only I try to catch my view !
  • #163
  • Edited 8:44am Jan 3, 2011 7:48am | Edited 8:44am
NB1 Trend Long Trade EURGBP H1 Date: 03/01/2011
TMA above smoothed MA(240) (blue), positive angle, uptrend
Price below TMA(56) ATR Period 100 (SpringGreen dots)
Entry: price crosses smoothed MA(5), shift +5 (orange)
Stoploss: below pivot level D_S1, 30 pips
TP1= 0.8622 ,TMA(56) ATR Period 100 (Red dots) below pivot level D_R1
Exit: Price crosses Linear Weighted MA(3) shift +2 (Red color)

Entry= 0.85682
Exit= 0.86040
Profit= + 36 Pips

eTrader,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurgbpNB1_03012011-01.jpg Size: 91 KB
Click to Enlarge Name: EurgbpNB1_03012011-01b.jpg Size: 13 KB
  • #164
  • Jan 3, 2011 7:52am Jan 3, 2011 7:52am
It would be nice to see a dashboard or single generator like
what was done on the pipnailer thread
so you could monitor all the pairs at once
  • #165
  • Jan 3, 2011 8:18am Jan 3, 2011 8:18am
Quoting toddanderson
It would be nice to see a dashboard or single generator like
what was done on the pipnailer thread
so you could monitor all the pairs at once
Ohh nice Idea we hope that
I'm not a programmer and i don't like ! , but only I try to catch my view !
  • #166
  • Jan 3, 2011 9:19am Jan 3, 2011 9:19am
Quoting mkpkelly
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
EA only works on 1H chart for buy and sell. Close buy/sell EA will work on any chart. When operating properly there should be a happy face in the upper right hand corner. If you have all that and it did not enter does your broker trade .01 lots. If not you have to change the EA to .10 lots.
  • #167
  • Jan 3, 2011 9:19am Jan 3, 2011 9:19am
Quoting pitou
I launched the sell EA on the cad/jpy too.
Is that a good setup?
Yes but it still has not entered.
  • #168
  • Jan 3, 2011 9:22am Jan 3, 2011 9:22am
Quoting boomslang
Hi Bob, the aud/cad seems to be a lose one. May I ask how many stoploss u put for this pair?

thanks
Put the stop loss at the previous swing low or use the fractal. I got stopped out on this one -31
  • #169
  • Jan 3, 2011 9:24am Jan 3, 2011 9:24am
Quoting toddanderson
It would be nice to see a dashboard or single generator like
what was done on the pipnailer thread
so you could monitor all the pairs at once
There was one made for my 5.0 system so maybe someone can develop one for this.
  • #170
  • Jan 3, 2011 9:29am Jan 3, 2011 9:29am
subscribed to this great thread.

tma is a good tool to spot the main trend.

i used the cog from belkhayate a lot in the past. it gives brilliant results if you use one or more filter (there: value charts; here: MA) and good money management.

of course, the lines (both cog and tma) move. they do not repaint, they adjust. it is their nature. if you use them, be aware of this or leave.

p.s. i wonder that stevehopwood hasn't already coded a complete ea...
meine augen sind die sterne
  • #171
  • Jan 3, 2011 9:30am Jan 3, 2011 9:30am
Quoting nanningbob
EA only works on 1H chart for buy and sell. Close buy/sell EA will work on any chart. When operating properly there should be a happy face in the upper right hand corner. If you have all that and it did not enter does your broker trade .01 lots. If not you have to change the EA to .10 lots.

Thanks.
I did not have the Expert Advisor active.
It is working ok now
I am so out of date that I have not yet caught the Millennium Bug.
  • #172
  • Jan 3, 2011 9:37am Jan 3, 2011 9:37am
I am going to bed now

GBP/USD +50
Eur/usd +38
Aud/Cad -31

+57 for the day. I am sure some of you did better.

Turned on the EA for the following see if they enter by the time I get up.
Aud/Cad Buy
Cad/jpy Sell
Eur/jpy Sell
Usd/jpy Sell

I put Steve Hopwoods MPTM on the first page. I set it for 15 +3 Manage all trades. It will set you SL at +3 after price moves 15 pips in your favor. This will protect you while you are away. I will add a blank template screen to go with it. Just put it on any currency pair your not using and it will manage every trade you have going on your screen.
  • #173
  • Jan 3, 2011 9:51am Jan 3, 2011 9:51am
Quoting aserbfx
subscribed to this great thread.

tma is a good tool to spot the main trend.

i used the cog from belkhayate a lot in the past. it gives brilliant results if you use one or more filter (there: value charts; here: MA) and good money management.

of course, the lines (both cog and tma) move. they do not repaint, they adjust. it is their nature. if you use them, be aware of this or leave.

p.s. i wonder that stevehopwood hasn't already coded a complete ea...
LOL Steve is probably trying to figure out how you mix a TMA with a MA and then .................. Once he finds out I put his MPTM on the front page he will appear. It will be like Magic. Welcome Steve. IT is midnight here. Time for bed.
  • #174
  • Jan 3, 2011 10:00am Jan 3, 2011 10:00am
Well well.... you said you would be coming out with something new and good and here it is. like you, im currently stuck with the US broker bastards so trading the 5.3 and 6.0 has been profitable but tough. thankfully had enough dough in the account to outlast some of the drama. i think i may put a halt on those and demo this out for a week or two then give her a real test drive on the ole live account.

Guys, for those of you new to the forex game, pay attention to bob and his system(s) His insight into the market is invaluable. If you are a complete newb, just sit back read everything he has to say and let it all sink in.

He is a great contributer to this forum and should be proud of his work!

thanks bob
  • #175
  • Jan 3, 2011 10:09am Jan 3, 2011 10:09am
Tried your system today. Just got me 40 pips.
thanks
  • #176
  • Jan 3, 2011 10:18am Jan 3, 2011 10:18am
Quoting jtmoore007
Well well.... you said you would be coming out with something new and good and here it is. like you, im currently stuck with the US broker bastards so trading the 5.3 and 6.0 has been profitable but tough. thankfully had enough dough in the account to outlast some of the drama. i think i may put a halt on those and demo this out for a week or two then give her a real test drive on the ole live account.

Guys, for those of you new to the forex game, pay attention to bob and his system(s) His insight into the market is invaluable. If you are a complete...
JT, I couldn't agree more. Nanning Bob has the patience of a saint, and spends many hours of his time posting with the only intent to make other people money. I stopped trading for a long time here due mainly to the anti hedging rules in the U.S. Seems the legislators think we're all children and can't take care of ourselves. On our way to a nanny state.

This system is ideal, and easy enough for a newbie to learn. Of all the ones that have come and gone, this method is the safest, and from the looks of it, will be highly profitable. This lets you follow the trend and instead of buying at the top or selling at the bottom, you have a way to know a point to get in at a better price and take better advantage of a trend.
  • #177
  • Jan 3, 2011 10:21am Jan 3, 2011 10:21am
GBPJPY Sell
USDCHF SELL
NZDCHF SELL
I'm not a programmer and i don't like ! , but only I try to catch my view !
  • #178
  • Jan 3, 2011 10:24am Jan 3, 2011 10:24am
AUDCAD BUY EA.........
I'm not a programmer and i don't like ! , but only I try to catch my view !
  • #179
  • Jan 3, 2011 11:17am Jan 3, 2011 11:17am
hey fellas and thank you bob for putting this together and helping us noobies!
i created an acct to try this out and get a feel for forex.

question 1:
1 - can anyone confirm if the below is the general strategy?

i get how to load 1.0 main screen templates and i'm guessing the signals are watching the big blue line for overall trend so you don't go against it.

2nd confirmation is correlation with the top/bottom TMA lines with the 5x5MA. If they are close to the outer channels, you can take it as a good starting point.

3rd would be price crosses the 5x5MA as a buy/sell signal.

4th would be to close out once it is within range with the opposite side channel.

question 2: is there a manual to read how to use expert advisors? sorry if it sounds stupid.

i don't know how to trigger the above strategy while i'm away from the computer. do i have to load a different template other than 1.0 main screen? i use ibfx and i see 1.0 close sell ATF in the top right corner with an X mark. isn't ibfx capable of doing .01 lots?
(pls use EUR/USD H4 as an example)

thanks all for reading and i will follow this thread closely to get my feet wet.

happy trading!
  • #180
  • Jan 3, 2011 11:23am Jan 3, 2011 11:23am
Quoting Sasco_me
GBPJPY Sell
USDCHF SELL
NZDCHF SELL
hello Sasco_me,

i didn't see a valid signal at USDCHF. look at picture below.

my EURUSD is still valid and i have now +51.1 Pip.

let it run till next year ;-)
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFNoSig.jpg Size: 134 KB
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