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Nb 1.0 trend trade system

  • #181
  • Jan 3, 2011 11:47am Jan 3, 2011 11:47am
You could disregard the previous questions. After reading your manual slowly, the instructions are rather detailed. Had to drag the EA and "allow live trading" on the 1.0 Blank Take Profit Template. (When does the smiley face appear?)
  • #182
  • Jan 3, 2011 12:05pm Jan 3, 2011 12:05pm
http://i56.tinypic.com/2wecolc.jpg

Default settings... Working but sometimes not "open order". So restart MT4 and "open buy/sell"

What is wrong?

Thanks...
  • #183
  • Jan 3, 2011 12:08pm Jan 3, 2011 12:08pm
Really excited to start using this method I normally completely manually trade but have been keeping an eye on the other system for a very long time since version 3, just never had time to really go over it and get into all the details.

Cannot wait to dive into this and make it a winner.

Thanks Bob
  • #184
  • Jan 3, 2011 12:13pm Jan 3, 2011 12:13pm
Quoting TraderTR
http://i56.tinypic.com/2wecolc.jpg

Default settings... Working but sometimes not "open order". So restart MT4 and "open buy/sell"

What is wrong?

Thanks...
it will open trade at breach of 5X5 ma if you restart mt4 any chart that you have the ea will ask if you want to trade this pair. make sure to say yes to the ones you really want traded and no to the others.

the eas aren't designed to open a trade as soon as they are placed on the charts.

if you are thinking this please see p1 post 1
  • #185
  • Jan 3, 2011 12:13pm Jan 3, 2011 12:13pm
Quoting paradoxical
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 ?
Yup, but I would suggest more like a jumping stop, for example for every 50 pip move the stop moves by 30pips, so you are left with a 20pip buffer for the trader to breathe with.

I use a proprietary EA to monitor my trades but I know there are two very good one on FF, you can use the THV CaveManager 1.41 EA or use Steve Hopwood MPTM EA


CaveManager - http://www.forexfactory.com/showpost.php?p=3728831
MPTM - http://www.forexfactory.com/showpost...99&postcount=1

Bob also included some Close EA's you can also try placing those on a blank charts(One per Chart Symbol). Once your buy/sell EA is activated, those CloseBuy/CloseSell EA's on the blank Charts should kick in and start trailing.

I am not that familiar with the MPTM setup, maybe Bob can share a preconfigured version like a 30/40 for those to start with.
  • #186
  • Jan 3, 2011 12:17pm Jan 3, 2011 12:17pm
Quoting Tread
Yup, but I would suggest more like a jumping stop, for example for every 50 pip move the stop...

i love Steve's work don't get me wrong but be a little careful with MPTM it doesn't always set your stops where you want them. i have switched to swiss army for management.

again: No disrespect Steve. don't come bashing me now.....
  • #187
  • Jan 3, 2011 12:29pm Jan 3, 2011 12:29pm
Quoting Mediator
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 ;-)
Dear Mediator
The primary 3 condition meet
1- the 5*5 MA above the median line
2- price within the upper part of channel
3 we are in sell as 240MA above the median line
Also till now I'm with 30 pips if wrong I'll cut my TP now
I'm not a programmer and i don't like ! , but only I try to catch my view !
  • #188
  • Jan 3, 2011 12:31pm Jan 3, 2011 12:31pm
Quoting Mediator
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 ;-)
I agree, USDCHF looks like it's ocsalating back to .9440 area. The RR for a short after a nice consolidation at .9440 level is surely better than shorting now. Shorting now will run into demand at the nice 1H pin bar at the end of last week.

In NB v1 terms, I would rather like to see the MA5x5 much closer to the upper TMA line, before turning on the 5x5 SELL.

JC
  • #189
  • Jan 3, 2011 12:58pm Jan 3, 2011 12:58pm
I tested this pair since May 2009 using the TMATrue. I tested with the stop put before the previous high/low. And I took profit at the opposite TMA band. I didn't test for break even or any other exit strategy. Here were the main results:

126 Trades
69 Winners
57 Losers
Win % = 55%

I didn't keep track of pips won and lost on the stopped trades. Instead, I kept track of the stops and the pips gained for the winners only. With that data, and the number of losses, I can figure out how much the expected return is for a trade compared with the amount risked.

The average winner went for about 80 pips.
The average stop loss for a winning trade was about 60 pips.
On average, the expectancy was .35R This means that you could expect to get an average profit of .35 cents for every dollar you put at risk.

These results are quite encouraging. I'd like to see if there is some logical way to reduce the stop without cutting too deeply into the win percentage.
  • #190
  • Jan 3, 2011 1:04pm Jan 3, 2011 1:04pm
Hi nanningbob,

first of all i'd like to thank you (like all the others before ) for providing your system the community.

I have one short question.
Is a trend still confirmed if the price crosses the 240 MA?

Let's take the current CAD/JPY chart as an example
http://www.forexfactory.com/attachme...1&d=1294081343

The price is above the 240 MA.
Is the downtrend, by your definition, still intact?

Best regards
artificial
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  • #191
  • Jan 3, 2011 1:50pm Jan 3, 2011 1:50pm
Bob,

I Like the Trend entry system that Trades based of the Weekly Trend. This is the core of what all Trend traders do.

This is the perfect entry system for me and this is with the trend so I can maximize my profit taking when it moves in my favour....as I cannot stay up all night for a entry and manually manage the trades.


thanks Bob for all your efforts
  • #192
  • Jan 3, 2011 2:10pm Jan 3, 2011 2:10pm
happy new year great job.god bless!
  • #193
  • Jan 3, 2011 3:09pm Jan 3, 2011 3:09pm
Good NB v1 setup for a QUICK profit, if any.

Watch the bullish 1h flag.

If you take short, I would watch out for the next move up, the short has low probability of continueing down in the short term. See the daily bullish price action.

I would personaly wait for the price break of the 240MA before shorting, in anticipation of a retrace back below the 240.

JC
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  • #194
  • Jan 3, 2011 3:41pm Jan 3, 2011 3:41pm
For some reason, my MT4 can't calculate the TMATrue on data before about May 26, 2009.

For kicks, I did the same sort of test on the USDDKK. Here, I used the opposite band for take profit, but instead of using the prior low for a stop, I measured the prior low and used half that value for the stop. If you remember from my last post, the EURUSD had an expectancy of .35 cents profit for each dollar risked, with the full stop.

The USDDKK generated 175 trades. Of these there were 67 winners and 108 losers for a 38% winning average.

But the average RR on winning trades was 3.5. And the expectancy was .73, more than twice as good as on the EURUSD with a stop outside the most recent low/high.

Results are still encouraging, even for a strange currency like this one. Next, I plan to re-visit the EURUSD with this stop loss.
  • #195
  • Jan 3, 2011 4:32pm Jan 3, 2011 4:32pm
I just want to make darn sure I'm reading this correctly, insofar as entering trades goes.

First and foremost, you want to buy into and uptrend and sell into a downtrend (follow the trend, so to speak).

BUY:
Now, when the median line of the TMA (light blue) is angled up and above the 240 MA, you're in an uptrend. Watching the price action, you wait for the price to dip BELOW (or very near) the lower line of the TMA (light green). Assuming the maroon 5MA shifted 5 is also relatively close to the lower green line of the TMA as well, you turn on the 5x5 BUY EA, and the trade will execute when price action goes back up and hits the 5MA shifted 5.

SELL:
When the median line of the TMA (light blue) is angled down and below the 240 MA, you're in a downtrend. Watching the price action, you wait for the price to bump up ABOVE (or very near) the upper line of the TMA (red). Assuming the maroon 5MA shifted 5 is also relatively close to the upper red line of the TMA as well, you turn on the 5x5 SELL EA, and the trade will execute when price action goes back down and hits the 5MA shifted 5.




Did I get that right? I THINK that's what I read, anyway. Either way, I'll be following this closely, and thanks for all of your input in advance!
  • #196
  • Jan 3, 2011 4:48pm Jan 3, 2011 4:48pm
Wow Bob,
93 people viewing this thread as I type. Edit: 100 now.
  • #197
  • Edited 5:02pm Jan 3, 2011 4:52pm | Edited 5:02pm
Quoting duffypratt
For some reason, my MT4 can't calculate the TMATrue on data before about May 26, 2009.

For kicks, I did the same sort of test on the USDDKK....
Hi Duffy,

If I'm correct I think thats a PF of 1.34... did you factor in spread with that R:R.. USDDKK spread has gotta be up there?

What would be really cool is if a test was done at different R:R's to see what the winrate would be... ie: I want to trade with risk of $1 but make $5 (5:1 Reward:Risk ratio).. then see a spectrum of results from the different R:R's to find an optimal PF(weighted with end balance) for say the last 6 months. Seems like the system gives you an edge and now its up to the money management to help you succeed.

Jag
  • #198
  • Jan 3, 2011 5:06pm Jan 3, 2011 5:06pm
Quoting duffypratt
For some reason, my MT4 can't calculate the TMATrue on data before about May 26, 2009.
hi, thanks for the tests, very encouraging!! just set the eintBarsToProcess variable in TMATrue properties to a higher number.. May 26, 2009 is default 10000 H1 bars back from today.
:-anything
  • #199
  • Jan 3, 2011 5:11pm Jan 3, 2011 5:11pm
Quoting Mr Fuznut
I just want to make darn sure I'm reading this correctly, insofar as entering trades goes.

First and foremost, you want to buy into and uptrend and sell into a downtrend (follow the trend, so to speak).

BUY:
Now, when the median line of the TMA (light blue) is angled up and above the 240 MA, you're in an uptrend. Watching the price action, you wait for the price to dip BELOW (or very near) the lower line of the TMA (light green). Assuming the maroon 5MA shifted 5 is also relatively close to the lower green line of the TMA as well, you turn on...
YUP.
  • #200
  • Jan 3, 2011 5:16pm Jan 3, 2011 5:16pm
Aud/Cad The toughest part and this part of the system will get the most posts is when price is moving towards the cross from UT to DT. We all know about bounces and continuations but also this could be a bounce back up again. I am going to take the trade and only time and experience will we know about the bull and bear fight near the trend change. The reason I put the 5 out shift 5 was to prevent an accidental entry at these points. If price breaks its support the EA would not enter. If it bounces up off of this support we are in a good trade. I let price action determine which way to go.
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