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Nb 1.0 trend trade system

  • #201
  • Jan 3, 2011 5:22pm Jan 3, 2011 5:22pm
aud usd buy and cad jpy sell. This CAD/JPY is very intriguing. Will it go into UT or continue the DT. I would play this one tight if you enter or it could explode back down into the DT.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud usd.gif Size: 22 KB
Click to Enlarge Name: cad jpy.gif Size: 26 KB
  • #202
  • Jan 3, 2011 5:30pm Jan 3, 2011 5:30pm
Plenty of trades to try today. May have jumped the gun on the gbp/jpy at -40 right now but will stick to the DT scenario with it.
Buys
aud/cad
aud/usd

Sells
cad/jpy
eur/aud
eur/jpy
eur/nzd
usd/jpy


Pick and choose what you like. Check back in later. Here are pics of two more trades and what they look like when I turn on the EA. eur/nzd and usd/jpy. Gotta go to work.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur nzd.gif Size: 23 KB
Click to Enlarge Name: usd jpy.gif Size: 22 KB
  • #203
  • Jan 3, 2011 5:35pm Jan 3, 2011 5:35pm
Those of you that hung in there on the GU trade did better than I did. 100+ pips nice work
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 44 KB
  • #204
  • Jan 3, 2011 5:37pm Jan 3, 2011 5:37pm
Quoting Toothman
Wow Bob,
93 people viewing this thread as I type. Edit: 100 now.
Hey guy welcome. So this is my answer to the new regs. Never thought I could dream up something like this. I think it will work.
  • #205
  • Jan 3, 2011 5:58pm Jan 3, 2011 5:58pm
Just started to get everything setup so hopefully I will be trading by the morning. Really excited to see the potential of this.
  • #206
  • Jan 3, 2011 6:03pm Jan 3, 2011 6:03pm
Hi Bob,

I was wondering if we could activate the buy or sell ea based on the light blue crossing the 240 MA rather than waiting for a further refinement of the trade set up to happen since trade gets entered on the 5 lwma crossing if I am right? once into trade if we could get an alarm for trade entry( I mean alarms set in the coding of buy/sell EA) then the SL and trailing tp could be set.please correct me if I am wrong.

Thanks,

Sree.
  • #207
  • Jan 3, 2011 6:58pm Jan 3, 2011 6:58pm
Quoting sree1
Hi Bob,

I was wondering if we could activate the buy or sell ea based on the light blue crossing the 240 MA rather than waiting for a further refinement of the trade set up to happen since trade gets entered on the 5 lwma crossing if I am right? once into trade if we could get an alarm for trade entry( I mean alarms set in the coding of buy/sell EA) then the SL and trailing tp could be set.please correct me if I am wrong.

Thanks,

Sree.
It would be a matter of finding a MA that is similar to the TMA line and changing the code. That however would be a more simple trade to do manually. When they touch or are close just use the buy or sell ea in the direction you want to go.
  • #208
  • Jan 3, 2011 7:33pm Jan 3, 2011 7:33pm
Bob,

As per the example in the doc trade #12 & #13 are no trade because price penetrated outside the band but 5x5SMMA was far away from band, in fact it was on the other side of the mid TMA line.

The current AUDUSD in your post seems similar to those examples.

I guess we wait until 5x5 SMMA cross the green line before putting in the EA correct?

Thanks,
Kumar

Quoting nanningbob
aud usd buy and cad jpy sell. This CAD/JPY is very intriguing. Will it go into UT or continue the DT. I would play this one tight if you enter or it could explode back down into the DT.
  • #209
  • Jan 3, 2011 8:50pm Jan 3, 2011 8:50pm
LWMA 56 on close +or- 2 * ATR(100) is the same as the bands of TMA true indicator


Quoting nanningbob
It would be a matter of finding a MA that is similar to the TMA line and changing the code. That however would be a more simple trade to do manually. When they touch or are close just use the buy or sell ea in the direction you want to go.
  • #210
  • Jan 3, 2011 9:13pm Jan 3, 2011 9:13pm
Is the smilling face at top right corner will only appear after trade enter by the EA? As mine is a cross instead (no trade). Thank you.
  • #211
  • Jan 3, 2011 9:26pm Jan 3, 2011 9:26pm
Quoting sam2vt
Is the smilling face at top right corner will only appear after trade enter by the EA? As mine is a cross instead (no trade). Thank you.
sam, this is an extract from one of my EA user guides:


If this is a newly downloaded demo, you need to make sure Expert Addvisors are enabled. MT4 defaults to a neat little trick; ea's are disabled and you can stare at one for days wondering why it is refusing to works. So:

 

  1. click Tools|Options and select the Expert Advisors tab.
  2. put ticks in the boxes next to:

     

    1. Allow Expert Advisors
    2. Allow live trading
    3. Allow DLL imports
    4. Allow external experts imports

  3. remove ticks from all other boxes
  4. click the OK button
  5. if EA's are now enabled, yours will be showing a smiley face in the top right corner of your chart. Previously, it would have been wearing a frown.

  • #212
  • Jan 3, 2011 9:26pm Jan 3, 2011 9:26pm
Quoting sam2vt
Is the smilling face at top right corner will only appear after trade enter by the EA? As mine is a cross instead (no trade). Thank you.
Remember it is pushed 5 hours in to the future and in the pic it is below the line. You will see when price finally catches it it will be well below. The examples I showed had price meeting the 5MA in the middle. By the time we get done with the JPY session that will no longer be the case. Here is the same trade several hours later. It qualifies. You will get used to me setting my trades at the beginning of the JPY session because I am off to work and am more used to seeing the action of price with the 5MA. I have been using the 5MA for about 6 weeks now and I know AUD & NZD pairs tend to run and run in a trend so that is exactly what I am expecting. If it goes south the 5MA will not enter. See the more updated pic now. By the EURO or USA session I expect it to go back up into its trend.
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd.gif Size: 23 KB
  • #213
  • Jan 3, 2011 9:28pm Jan 3, 2011 9:28pm
Outstanding again, Bob. Brilliant. Breathtaking.

All this is simpler than was V5. I will play on demo for a few days first, but will soon automate it - I should get something up and running in time for next week. The automation looks fairly easy to achieve.

  • #214
  • Jan 3, 2011 9:29pm Jan 3, 2011 9:29pm
Quoting SteveHopwood
sam, this is an extract from one of my EA user guides:


If this is a newly downloaded demo, you need to make sure Expert Addvisors are enabled. MT4 defaults to a neat little trick; ea's are disabled and you can stare at one for days wondering why it is refusing to works. So:
[list][*]click...
Welcome to my new thread Steve and Happy New Year. Here is my newest idea for trading. Took USA government regs to change my trading habits.
  • #215
  • Jan 3, 2011 9:31pm Jan 3, 2011 9:31pm
Quoting sam2vt
Is the smilling face at top right corner will only appear after trade enter by the EA? As mine is a cross instead (no trade). Thank you.
If you drag an EA onto your screen and dont have the changes Steve suggested you must check the box 'allow live trading' for it to work.
  • #216
  • Jan 3, 2011 9:34pm Jan 3, 2011 9:34pm
Nice geppy short coming up 5 pip SL just above 127.. lets see if trend is broken.
  • #217
  • Jan 3, 2011 9:46pm Jan 3, 2011 9:46pm
Thought Steve was gone fishing; hadn't heard from him for a while!

So about SLs... I placed my CADJPY trade which never went into profit and chose 10 pips above last high for my stop, and the market reversed and just hit my SL and now looks like it may want to re-reverse back down. Maybe not but here's the rub: MY SL WAS HIDDEN! Which brings me to the point, that so many traders are taught to place their stops above or below recent support or resistance that it doesn't matter if I hide my stops. The brokers are going to see that congestion and go wipe them out, since they make money when we lose. What to do, what to do?? (maybe I'll put my stop 15 pips over!)
  • #218
  • Jan 3, 2011 9:57pm Jan 3, 2011 9:57pm
Quoting nanningbob
If you drag an EA onto your screen and dont have the changes Steve suggested you must check the box 'allow live trading' for it to work.
I got the face on top right coner now. Thank you very much Steve and Bob.
  • #219
  • Jan 3, 2011 9:57pm Jan 3, 2011 9:57pm
Quoting ericjschroed
Thought Steve was gone fishing; hadn't heard from him for a while!

So about SLs......
That is way too small of a SL any hiccup in the market will wipe that out. You need to place it 30 pips away or more away just above the last high candle. You probably did well though because it looks like it is going into an UT anyway.
  • #220
  • Jan 3, 2011 10:30pm Jan 3, 2011 10:30pm
I didn't include spread in any of my calculations. And yes, on DKK it would make a pretty big difference. I did go back and check EURUSD with a tighter stop. The success rate of the trades dropped from 55% to 38%. But the expectancy more than doubled, from .35 to .84 That's better than I expected from simply reducing the stop loss to half of what it was before.

For giggles, I'm attaching an equity curve for these trades, assuming a 10K initial balance and a lot size that assumes 2% of equity risked per trade. Please note: these results are not entirely realistic. First: there is spread and slippage. Second, there would be missed trades. Third, this assumes nailing 2%/trade on every trade. When you put on the EA, there is no way you can be that precise. Having said that, the graph does appeal to my inner lottery fanatic.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 56 KB
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