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Nb 1.0 trend trade system

  • #281
  • Jan 4, 2011 11:41am Jan 4, 2011 11:41am
I have a question about the 'Close sell ATF EA'. After my sell template initiates a sell. I change to the take profit template. I then attach the close sell ATF EA. I'm curious about the default settings. I understand the blue line becomes the TP. But is the 300 SL being used? Or is something else overriding the SL?

Edit: Ok i'm a dumbazz. Guess everyone's using the last swing high or low.

thx
todd
  • #282
  • Jan 4, 2011 11:54am Jan 4, 2011 11:54am
Quoting SteveHopwood
I went out earlier, leaving a number of ea instances in place.

I arrived home to the attached. Yummy.

good job steve Did u use Bob's ea to open these trades? (looks like that) How do u deal with the fake signals? i mean sometimes the price--candlestick simple kisses the 5MA but dosen't cross it, and then bound back---like au, nu behave today.

thanks~
  • #283
  • Jan 4, 2011 11:55am Jan 4, 2011 11:55am
Quoting SteveHopwood
I went out earlier, leaving a number of ea instances in place.

I arrived home to the attached. Yummy.

Yeah, it's looking real good, this method. And these results are during a supposedly "dead" week in the markets, so should be a good test.

And thanks, Steve, for your hard work on the EA.
"Be the change that you wish to see in the world." --Gandhi
  • #284
  • Jan 4, 2011 12:01pm Jan 4, 2011 12:01pm
NB 1.0 TREND Short Trade EURJPY H1 Date 04/01/2011

Target Profit 1: Centerline TMA(56)
Profit: +60 Pips
Target Profit 2: TMA Lower Band (SpringGreen dots), D_Pivot 108.74
Profit: + 95 Pips

eTrader,
Attached Image (click to enlarge)
Click to Enlarge Name: EurjpyNB1_04012011-01.jpg Size: 90 KB
  • #285
  • Jan 4, 2011 12:04pm Jan 4, 2011 12:04pm
Quoting SteveHopwood
I went out earlier, leaving a number of ea instances in place.

I arrived home to the attached. Yummy.

Just notice there's a good example of fake signal in your trade--euraud, may i ask how did u decide the sl? Im thinking it may turn to be a profit one if the sl isn't so narrow.

Thanks again!
  • #286
  • Jan 4, 2011 12:05pm Jan 4, 2011 12:05pm
Same here; however, I am still in it. I moved stop to the centerline and I am wishing that it goes down to S1 pivot at 108.20.



Quoting eTrader
NB 1.0 TREND Short Trade EURJPY H1 Date 04/01/2011

Target Profit 1: Centerline TMA(56)
Profit: +60 Pips
Target Profit 2: TMA Lower Band (SpringGreen dots), D_Pivot 108.74
Profit: + 95 Pips

eTrader,
  • #287
  • Jan 4, 2011 12:15pm Jan 4, 2011 12:15pm
GJ closed at 30min TF 3MA crossed. Carry trade unwind at London fixing clearly reviewed with AUDJPY and EURJPY. Looks like DX found support at 79
  • #288
  • Jan 4, 2011 12:35pm Jan 4, 2011 12:35pm
[quote=maxwell-eqtn;4286113]I do not see a trade in E/U...., this pair is in UT.

I used 30m TF for profit target instead of 1H on E/J short because Euro still showing strength relavetively over USD.

However, it turned out that profit would have better on 1H TF.
  • #289
  • Edited 1:07pm Jan 4, 2011 1:04pm | Edited 1:07pm
Quoting stevegee58
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.
Hi stevegee58
can we add this dashboard in separate window and increasing font size
Also adding another column for the price of the MA 5*5 now
Thanks
I'm not a programmer and i don't like ! , but only I try to catch my view !
  • #290
  • Jan 4, 2011 1:11pm Jan 4, 2011 1:11pm
How many of you are using the Close Buy/Sell EA?

I don't know if I should be checking the take profit template to see how close the ma3 shift 2 is too the price before using the buy or sell template. I seem to be taking numerous 10 - 30 hits due to the ma3 being so close the the price when my trades are triggered.

I'm using the rules to determine UT or DT and then using the correct buy or sell template. Only thing I'm not paying attention to is the slope of TMA compared to the 240ma. My 2 most recent losses as seen in charts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euraud.gif Size: 34 KB
Click to Enlarge Name: gbpjpy.gif Size: 37 KB
  • #291
  • Jan 4, 2011 1:25pm Jan 4, 2011 1:25pm
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.


Good to hear Steve, it's always the design that takes time but the coding is the relative simply part.
LEARNING HOW TO FISH SO I CAN FISH FOREVER
  • #292
  • Jan 4, 2011 1:27pm Jan 4, 2011 1:27pm
Quoting Sasco_me
Hi stevegee58
can we add this dashboard in separate window and increasing font size
Also adding another column for the price of the MA 5*5 now
Thanks
I don't know how to make it a separate window. If anyone wants to make cosmetic changes, have at it.

The dashboard has to be added as an indicator to a chart dedicated to it. I use EURUSD but it doesn't really matter. Also the timeframe doesn't matter.

To make the information more visible, I change the chart to line type and set the line color to "none". I also turn off the grid.

I've also attached version 1.1 of the dashboard. It filters out pairs that have already triggered so it only shows pairs that are truly ripe for entry.
Attached File(s)
File Type: mq4 NB Dashboard 1.1.mq4   6 KB | 639 downloads
You are in a maze of twisty little passages, all alike.
  • #293
  • Jan 4, 2011 1:37pm Jan 4, 2011 1:37pm
AJ and CJ what a roller coaster ride today. rode it down rode it back up
  • #294
  • Jan 4, 2011 1:46pm Jan 4, 2011 1:46pm
on the Buy / Sell ea I've noticed it buys soon as it touches it
which is what it sup[pose to do


But then I noticed PA stalls near that line.
Or am I seeing it wrong check NU

I've seen it a few times I'd rather place the order after clearing the 5x5 line by a few pips

Is there a way to make a buy / sell stop so the order will place after it pierces the 5x5 line
Attached Image (click to enlarge)
Click to Enlarge Name: nu.gif Size: 58 KB
  • #295
  • Jan 4, 2011 1:48pm Jan 4, 2011 1:48pm
Quoting dryclean
on the Buy / Sell ea I've noticed it buys soon as it touches it
which is what it sup[pose to do


But then I noticed PA stalls near that line.
Or am I seeing it wrong check NU

I've seen it a few times I'd rather place the order after clearing the 5x5 line by a few pips

Is there a way to make a buy / sell stop so the order will place after it pierces the 5x5 line
It did Pierce
  • #296
  • Jan 4, 2011 1:51pm Jan 4, 2011 1:51pm
you are right!

I guess I'd like to see it go alittle more
  • #297
  • Jan 4, 2011 1:58pm Jan 4, 2011 1:58pm
Quoting nanningbob
Wonder what the win to loss ratio and profit would be if you just made teh 240 MA the stop line??
I checked this on the same EURUSD since May 2009. Of course, there are places where the 240 can't be the stop line, because price has already gone through it. And there are other places where the recent swing creates a wider stop than the 240. Since you were looking for bigger stops, I took the larger of the distance from the entry to the 240, or the distance from the entry to the last swing high/low.

With 240 as stop: 60% wins
With swing high/low stop: 55% wins
With stop 1/2 way to swing high low: 38%

But the expectancy is just the opposite.

With 240 as stop: .13 expectancy
With swing high/low: .35 expectancy
With 1/2 swing high/low. .84 expectancy

With the 1/2 swing high low as a stop, using a constant 2% risk/trade, over this period $10,000 would grow to about $140,000. That's pretty astounding results.

With the 240 as a stop, you get a 50% increase in your winning percentage. But if you traded at 2% risk/trade, the same 10,000 would only grow to about $13,500. Here's the equity curve for comparison to what I posted last night.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled-1.jpg Size: 90 KB
  • #298
  • Jan 4, 2011 1:59pm Jan 4, 2011 1:59pm
Quoting dryclean
you are right!

I guess I'd like to see it go alittle more

yeah and next time you will wish it had entered a little early!!

not making a joke!, you never know which is better.
  • #299
  • Jan 4, 2011 2:22pm Jan 4, 2011 2:22pm
Quoting duffypratt
I checked this on the same EURUSD since May 2009....
Hi Duffy,

What are you using to test? Seems pretty cool.

The system gives you some good entries when the trend changes and comes to test the TMA lines the first time... there you can get VERY good R:R... I'm talking about single digits pips.

This would be a good test... you would get far less trades... a lower win % but probably a much higher expectancy. Look at the chart and see if you can spot what I'm talking about?

Jag
  • #300
  • Jan 4, 2011 2:28pm Jan 4, 2011 2:28pm
Hey Steve thanks for the Dashboard. Just to note, it alerts at what appears to be every tick. Can't get it to stop ringing bells every other second. Also is there a way to get it moved over to the right side of the chart and away from the price?

thx,
todd
Quoting stevegee58
I don't know how to make it a separate window. If anyone wants to make cosmetic changes, have at it.

The dashboard has to be added as an indicator to a chart dedicated to it. I use EURUSD but it doesn't really matter. Also the timeframe doesn't matter.

To make the information more visible, I change the chart to line type and set the line color to "none". I also turn off the grid.

I've also attached version 1.1 of the dashboard. It filters out pairs that have already triggered so it only shows pairs that are truly ripe for entry.
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