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Nb 1.0 trend trade system

  • #241
  • Jan 4, 2011 4:29am Jan 4, 2011 4:29am
Quoting rattyo
maybe a UC short. but wait for US sess.

any thoughts
Well its a yes to me
The good thing about the system is that we dont take the trade until the 5MA is crossed so there is no real risk turning the EA on
  • #242
  • Jan 4, 2011 4:46am Jan 4, 2011 4:46am
Quoting peterporter
This is where , if we adhere to the rules, we will need to actually turn "OFF" the SELL EA

This is a point in the spec that may need to be included in the full trading EA that supercoder Steve may do (if we are all nice to him)
It is. Courtesy of a sleepless night. the ea is already planned; it just requires coding. This is the work of minutes. Typically, I do not have many of those today and tomorrow, but the EA is coming soon.

  • #243
  • Jan 4, 2011 4:50am Jan 4, 2011 4:50am
Quoting peterporter
Dont know about everyone else but I now have quite a few Sell and Buys EA' set ready to trade
What is interesting is the ones like CADJPY where maybe in the next hour (and because of the FINAL and COMPLETE definition) we will be changing from DT to UT
This is where , if we adhere to the rules, we will need to actually turn "OFF" the SELL EA

This is a point in the spec that may need to be included in the full trading EA that supercoder Steve may do (if we are all nice to him)

Am I right in assuming this Bob

Ta
Fanatica
I think so . I am thinking of calling off some trades because of this. Didnt talk about turning off EAs but that is an assumption we probably should make. Anyway I have a night class and that G/J did a peeker entrance and really ran the wrong way. Dang.
  • #244
  • Jan 4, 2011 5:11am Jan 4, 2011 5:11am
Quoting boomslang
i think the 5ma is too close to light blue line, not a good one, we'll see...

Your a bit mixed up here. The light blue line being nice and snug to the 5ma seems to work better. if that 5ma strays to far away from the blue line it seems to make the trade a riskier one.
rat
  • #245
  • Jan 4, 2011 5:14am Jan 4, 2011 5:14am
Quoting peterporter
Well its a yes to me
The good thing about the system is that we dont take the trade until the 5MA is crossed so there is no real risk turning the EA on
This pair can spike nasty remember and it could just range for days at this level. A clean break and I may get in with dollar weakness across the board on all pairs. I'm not taking it yet because it seems a dodgy day everyone is waiting for the Americans to get in and then the direction of the dollar maybe more clear.
rat
  • #246
  • Jan 4, 2011 5:38am Jan 4, 2011 5:38am
Quoting SteveHopwood
It is. Courtesy of a sleepless night. the ea is already planned; it just requires coding. This is the work of minutes. Typically, I do not have many of those today and tomorrow, but the EA is coming soon.

Hi Bob... Hi Steve
I'm very happy because i see you here steve
I'm not a programmer and i don't like ! , but only I try to catch my view !
  • #247
  • Jan 4, 2011 5:49am Jan 4, 2011 5:49am
An observation from running through a few charts. If a trade is entered as soon as the 5MA line touches the appropriate TMA line rather than waiting for a close below the 5MA, overall profit appears increased. The 5MA line will only get there about 1 trade in 4 on most pairs, normal entry the other 3 of 4 times. I'll test it and see if worth bothering you all further.
Aspice, officio fungeris sine spe honoris amplioris
  • #248
  • Jan 4, 2011 6:16am Jan 4, 2011 6:16am
Hi Bob,

Such a simple concept + yet so effective, once again congrats on a very clear and defined definition of a trend, something which has eluded myself for a long long time :-)

My question is based around “multiple good looking trades”.

For the moment I’m trading this system on 5 pairs only until I get a better feel for which signals looks better etc, because let’s face it, it’s got the potential to give many good signals during a trading day.

How do you handle multiple trade signals? Do you normally apply the buy/sell EA’s and wait to see which one enters, or do you usually hand pick the better ones, then apply your buy/sell EA ?

Do you have any specific rules personally on how you handle multiple good signals? I guess even signals which arise say before you went to bed, would you leave the buy/sell activated, let it cook overnight and see where you are in the morning? Or ot expose yourself during sleep / downtime?

Just curious really on your own insight into multiple valid signals. I'm also guessing MM would play a role here.

Cheers Bob
  • #249
  • Jan 4, 2011 7:31am Jan 4, 2011 7:31am
Sorry for my stupid question but as a newbee, I want to be sure to understand the system I may use. I am totally confused with the TMA : What is it? I asked the question but no answer yet. Maybe it seems stupid for you buut I need to understand. I think it is something similar to a COG, but I may be wrong.... Can you explain to me ?

TX
  • #250
  • Jan 4, 2011 7:36am Jan 4, 2011 7:36am
Great thread...

Keep it up...


Cheers !
  • #251
  • Jan 4, 2011 7:49am Jan 4, 2011 7:49am
Here's a dashboard I threw together this morning. It's loaded with the symbols available from IBFX and I've only tested it on IBFX. I'll look into making it a little more adaptable later.

Basically it shows green for uptrending pairs and red for downtrending. The rightmost column labeled "Rdy?" is to show if the pair is "ready" for trading. It puts "Set" in that column to show that price and the 5MA are in the correct position to consider. By default it's looking for the current price and 5MA to be at least halfway between the TMA center and whichever outer rail is appropriate for the direction. You can tighten this condition by making the input variable TriggerDistance smaller (i.e. closer to 0). The range on this is 0.0 - 1.0.

The middle column labeled "Spd" is just the spread in pips, just so you know how trade-able the pair is.

Copy it into the experts/indicators folder and restart MetaTrader.
Attached File(s)
File Type: mq4 NB Dashboard.mq4   6 KB | 657 downloads
You are in a maze of twisty little passages, all alike.
  • #252
  • Jan 4, 2011 8:23am Jan 4, 2011 8:23am
Just to update:
I have pulled the aud/cad and cad/jpy off the charts they are now UT
I have added
Sells
eur/cad
eur/chf
gbp/ cad,chf,jpy,nzd
usd/cad
BUYS
aud/cad
aud/usd

That is it for now. I get to go to bed.

Since I am demo trading I am going to 2 level gbp/jpy and see what happens. I will use the same 5x5 but change the magic number
  • #253
  • Jan 4, 2011 8:41am Jan 4, 2011 8:41am
Quoting morgb74
Hi Bob,

Such a simple concept + yet so effective, once again congrats on a very clear and defined definition of a trend, something which has eluded myself for a long long time :-)

My question is based around “multiple good looking trades”.

For the moment I’m trading this system on 5 pairs only until I get a better feel for which signals looks better etc, because let’s face it, it’s got the potential to give many good signals during a trading day.

How do you handle multiple trade signals? Do you normally apply the buy/sell EA’s and wait to see...
Over the years I have come up with two trains of thought.
1. Choose the pairs you are familiar with and know or want to trade. Or the ones that look the best. For example I just posted 5 gbp trades. You may take the one or two you think look best.
2. Choose as many as you want but trade much smaller lots. I prefer the 2nd method because I never know which one of the group will really run and which ones will stagnate. So lets say you normally trade .10 lots on one pair you can go .03 on 4 instead. That is the way I trade the multiple lots.

So do what feels most comfortable with your trading style and personality.
  • #254
  • Jan 4, 2011 8:49am Jan 4, 2011 8:49am
Quoting nanningbob
I am really at a loss here and I guess some one needs to explain to me what the words final and complete mean. I lead up to a conclusion. How can complete and final be ambiguous???? unless you are being facetious here with some light humor???

a.Now the final definition of a trend:When the light blue center line of the TMA is above the dark blue line (representing the direction of the trend on the weekly chart) you are in an UT and when it is below the dark blue line it is in a DT.
[b][u][color=red]THAT...
Well noted Bob. Will keep that definition as final.

But can you have a situation where the 240MA is not visibly on the screen? And if so, how would we determine if we are in UT or DT?
LEARNING HOW TO FISH SO I CAN FISH FOREVER
  • #255
  • Jan 4, 2011 8:51am Jan 4, 2011 8:51am
Quoting hmaoui
Sorry for my stupid question but as a newbee, I want to be sure to understand the system I may use. I am totally confused with the TMA : What is it? I asked the question but no answer yet. Maybe it seems stupid for you buut I need to understand. I think it is something similar to a COG, but I may be wrong.... Can you explain to me ?

TX
The most simple answer I can give is it is a super smoothed median using several different indicators, Like the ATR, to make a smooth line on the screen. Then like bollinger bands it draws a top and bottom line which represents it range from its high to low with the median. So it reads each individual currency and gives you the trend direction and high and low range. That is its strength. Its weakness, which really isnt one, but it is just following price action. As price changes direction the bend changes with it. Some people get bent out of shape over that but to me that is just how it is suppose work.

In this system it provides two reads, trend direction in relation to the 240MA or weekly trend and the current high and low of the pair. We use it in this system to give us an approximate area where a dip/rally in a DT/UT is probably going to take place. We use this info to then turn on the EA. If price contines to commit to the trend we are then in the trade. If it doesnt we give price action enough space to move around without us getting commited to the trade.

For example some people will take the trade back into the trend off of a Support or Resistance area. To me this area is broken too many times and a SL is taken too many times to really be profitable trading. The 5MA waits for a move commitment before it enters.
  • #256
  • Jan 4, 2011 8:53am Jan 4, 2011 8:53am
HI BoB,

I was just trying the system with the various time frames and it still is giving good results.
  • #257
  • Jan 4, 2011 8:54am Jan 4, 2011 8:54am
Quoting Mixer
Well noted Bob. Will keep that definition as final.

But can you have a situation where the 240MA is not visibly on the screen? And if so, how would we determine if we are in UT or DT?
USe the zoom in and zoom out buttons to find it. They are the little magnifying glasses with the + and - signs in them at the top of your MT4.
  • #258
  • Jan 4, 2011 8:56am Jan 4, 2011 8:56am
I'm in the CAD/JPY with a sell (watching it closely though) but the MPTM is not managing the trade even though i have a smiley face and allow live trading checked. the MPTM still not picking this up.

Anyone having this problem?
LEARNING HOW TO FISH SO I CAN FISH FOREVER
  • #259
  • Jan 4, 2011 8:56am Jan 4, 2011 8:56am
Quoting nanningbob
USe the zoom in and zoom out buttons to find it. They are the little magnifying glasses with the + and - signs in them at the top of your MT4.

thanks Bob.
LEARNING HOW TO FISH SO I CAN FISH FOREVER
  • #260
  • Jan 4, 2011 8:57am Jan 4, 2011 8:57am
Quoting maxwell-eqtn
HI BoB,

I was just trying the system with the various time frames and it still is giving good results.
I would imagine the sysem would work on other time frames however the MA240 read would change what time period you are getting your trend read from. For example on a 4H chart you would change the 240MA to a 60MA to approximate the weekly trend. 15M would need a 960 MA. That is if you wish to keep the weekly trend read.
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